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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Market indexes 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. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.