Seen at WSJ.com (subscriber link):
Facing hundreds of hurricane-damage lawsuits on the Mississippi coast, State Farm Fire & Casualty Co. cited back-to-back years of storm losses in announcing Friday it won’t renew coverage for about 2,600 policyholders mainly in Alabama’s beach resorts.[...]
State Farm’s cutbacks in Alabama affect properties within about 1,000 feet of the shoreline of the Gulf of Mexico, Mobile Bay and its connected bays, the Intracoastal Waterway and Orange Beach’s inshore water bodies, such as Terry Cove and Old River, said Ragan Ingram, assistant commissioner with the Alabama Insurance Department.
The policies that won’t be renewed include all of those on Ono Island and the Fort Morgan peninsula, as well as most on Dauphin Island and those of many Gulf-front condo owners who have State Farm policies to cover the contents of their units, Mr. Ingram said.