The Alabama Department of Insurance has asked insurance companies for new information on how liability coverage impacts the cost of claims. In a bulletin released Thursday, Commissioner Mark Fowler announced a data request targeting carriers that provide personal and commercial auto insurance, umbrella policies, general liability, and professional liability coverage. Homeowners insurance was specifically left out of this request.
Insurers are set to receive an electronic message from Risk and Regulatory Consulting, an actuarial firm handling the data collection. This message will include detailed instructions, templates, and guidance to help companies respond properly.
The department has not shared why it made this request or what exact data it is seeking. Representatives from the Department of Insurance were not available for comment Friday morning. Those with questions can reach out via email at ALLiabilityInsuranceCoverageDataCall@rsmus.com.
This move could signal Alabama’s interest in better understanding how different liability policies affect claim costs, potentially influencing future regulations or insurance practices in the state. For now, insurers are preparing to provide the requested information while industry watchers keep an eye on what might come next.