About Us
Before AIM
The Alabama State Bar for many years endorsed professional liability insurance programs
provided by commercial insurers. These programs often proved unsatisfactory and none were permanent. The practicing bar
faced the recurring problems of instability in premium rates, unsatisfactory underwriting and claims services, as well as shortcomings
in policy coverage. In May 1986 the bar's commercial malpractice insurance program abruptly found itself unable to continue
providing the coverage endorsed. Many attorneys were unable to renew their policies and were left without coverage.
AIM is Formed
With Bar Support
In response to the recurring problems with
commercial malpractice insurance, the Alabama State Bar’s Insurance
Programs Committee undertook a study beginning in 1986 to determine the
feasibility of forming a "captive" insurance company dedicated
solely to serving the needs of Alabama attorneys. Thereafter, AIM was
incorporated on May 19, 1988. Initially 1,665 Alabama attorneys purchased
"units" to capitalize and start AIM. It commenced operation and
issued its first policy on July 1, 1989. The sale of "units" was
suspended on May 15, 2000. By that time, AIM had acquired a strong capital
base through the support of 3,099 members of the bar who purchased
"units."
What is AIM?
AIM is an independent Alabama corporation. It is a mutual insurer and, thus, is owned by its policyholders.
Only Alabama attorneys qualify for insurance and can become policyholders. AIM's board of directors is comprised entirely of members of the
Alabama State Bar who are committed to the concept of providing a mutual insurer to best serve the professional liability needs of Alabama
attorneys. AIM's corporate office is located in the greater Birmingham, Alabama, area. It is a direct writer of insurance. It uses no agents
in order to reduce costs and insure the highest quality of service to its
insureds.
AIM's Mission:
Service Not Profit!
AIM is dedicated to providing a continuous source of malpractice insurance for Alabama attorneys. It is
committed to maintaining the highest quality of service to its insureds. It provides malpractice insurance at reasonable rates so as to
avoid year-to-year price swings. AIM provides timely application processing, prompt claims handling and even free malpractice seminars
with CLE credit for its insureds!
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