State Farm: Florida pullout no change for Ala.

MOBILE, Ala. (AP) - State Farm's withdrawal from Florida's
property insurance market hasn't changed its Alabama coastal
coverage.

State Farm spokesman David Majors said Tuesday the company will
resume offering wind coverage in small parts of Mobile and Baldwin
counties where last year it had stopped writing new coverage
because of hurricane losses.

The Mobile County area includes parts of Theodore, Irvington and
Grand Bay north of U.S. 90 and south of Interstate 10. In Baldwin
County, the company has resumed offering wind coverage in areas of
Foley and Elberta south of U.S. 98, as well as in areas of Spanish
Fort and Daphne just north of I-10.

Citing losses in Florida, State Farm said it will withdraw from
selling property insurance in that state over two years, dropping
1.2 million customers.

(Copyright 2009 by The Associated Press. All Rights Reserved.)


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