Alabama Insurance Crisis: "No Quick Fix"

Alabama's new insurance commissioner says the state's insurance crisis will not be fixed soon or by one solution. (more)

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Alabama's new insurance commissioner says the state's insurance crisis will not be fixed soon or by one solution.

By: Emily Forrester | WKRG-TV
Published: November 12, 2008

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Alabama Insurance Commissioner Jim Ridling held a town hall meeting at Theodore High School Tuesday night.
He has been on the job for 45 days.
Ridling says Alabama's governor's number one concern is cost and availability of insurance along the Gulf Coast.
Ridling says contrary to what people think, the insurance companies are not raking in profits. Ridling says it's simply not true. He says over the last six years, insurance companies spent $100 Billion to rebuild along the Gulf Coast.
Commissioner Ridling says the state is looking at insurance premium subsidies. That means homeowners could get money to offset premium costs.
You can hear more from the commissioner's interview by clicking on the video tab.