MOBILE, Ala. (NBC 15) — Documents NBC 15 News requested from Mobile County that are being used to justify a 90% rent increase for the city of Mobile at Government Plaza show the county has faced skyrocketing insurance increases in the last six years. The county owns the 459, 696 sq. ft. complex that houses courts, city and county government Since 2019, the county’s insurance for the building and contents is up an eye-popping 437%. In 2019, the county paid $488,000. In 2024, it paid $2.6 million.
“I think it’s unusually high. But on the same token, you’re in a very dangerous area,” said Frederick Fisher.
Fisher is a risk management expert with 40 years experience in the insurance industry. He says insurance companies are adjusting rates for stronger hurricanes and higher rebuilding costs…