Alabama Insurance (AL)

In 2001 there were 6 million ordinary life insurance policies in force with a total value of $155.7 billion; total value for all categories of life insurance (ordinary, group, industrial, and credit) was $239.2 billion. Death benefits paid that year totaled $752.7 million. As of 2003, there were 24 property and casualty and 14 life and health insurance companies incorporated or organized in the state.

Property and casualty insurers wrote premiums amounting to $4.85 billion in 2001. That year, there were 37,545 flood insurance policies in force in the state, with a total value of $4.5 million. There were also 3,738 beach and windstorm insurance policies against hurricane and other windstorm damage in force, with a total value of $336.8 million.