Industry: Financial Services
Headquarters: Alabama, USA
Found: 1970
About Alabama Insurance Underwriting Association
The mission of Alabama Insurance Underwriting Association (AIUA) is to provide a market for owners of eligible property located in Baldwin and Mobile counties to obtain essential insurance when they are unable to obtain coverage in the private insurance market.
AIUA has successfully and efficiently served this mission for more than 40 years. Several factors, including the average annual loss (“routine” non-storm losses), the Probable Maximum Loss (PML) that can be expected in the event of a catastrophic loss (several different modeling algorithms are used in this process), and the routine operating expense of the AIUA are used by independent actuaries to determine an actuarially sound rate sufficient to cover the cost of AIUA operating expenses, routine claims and the cost of purchasing reinsurance
Alabama Insurance Underwriting Association Contact Details
Address: 315 East Laurel Ave. Suite #216-D. Foley,
AL 36535 , United States
Website: aiua.org
Alabama Insurance Underwriting Association Phone Number
+1-866-780-2482
