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Insurance brokers pitch lower premiums and broader coverage to Mobile County commissioners
Summary
Two brokers — Alan Chapman of HUB International and Alan Lab of Thames Battery Insurance — presented competing proposals that they said would lower premiums and expand replacement-cost and outdoor property coverage; commissioners said they would review materials before their April 27 meeting.
Alan Chapman, executive vice president with HUB International, and Alan Lab, president of Thames Battery Insurance, each presented competing insurance proposals to the Mobile County Commission at a conference meeting, arguing their plans would save the county money while expanding coverage.
Chapman told commissioners his firm could combine the county’s scheduled placements into one blanket program, lower the named-storm deductible from 5% to 3% and provide replacement-cost coverage for roofs rather than depreciated actual cash value. He said HUB’s plan includes $5,000,000 of outdoor property coverage for light poles, fences and signage and…
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