Four states working to fix insurance

A range of remedies to help homeowners and businesses


(FSB Magazine) -- A range of remedies to help homeowners and businesses.

ALABAMA

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• Increased insurance pool for coastal residents.

• Passed enabling legislation for captive insurance in 2006.

FLORIDA

• Capped renewal rates, increased state disaster fund, and ordered rate cuts.

• Passed captive legislation in 1982.

LOUISIANA

• Offers grants to companies to enter the market or write new property coverage.

• Stiffened requirements for rate-change approval.

• Plans to introduce captive legislation in 2008.

MISSISSIPPI

• Boosted wind insurance pool by 300%, providing $7 billion worth of coverage. Top of page

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.