Is a binder binding, even if the property owner never received the insurance policy? Yes, it is, the Alabama Supreme Court decided last week in a case that marks another win for insurers relying on binding arbitration agreements.
When Francine Pickett’s mobile home in Pine Hill, in rural southwest Alabama, caught fire in 2022, she ended up suing two carriers and her insurance agent, arguing that they had all acted with negligence, bad faith or even fraud: One insurer had canceled her policy without notifying her, and what she thought was her new carrier had ref