MOBILE, Ala. (AP) - Homeowners insurance companies say they're
raising rates for Alabama customers.
State Farm, the company that sells the most homeowners insurance
in Alabama, says it needs more money to assure it can pay future
claims. Other major insureres in the state concur.
The average rate increases statewide range from about 6 percent
to about 26 percent.
State Farm and Alfa Mutual, another company with a substantial
share of the Alabama market, had lowered their rates in recent
(Copyright 2009 by The Associated Press. All Rights Reserved.)