A federal grant will allow Spring Green, Wis., to buy and remove 28 houses damaged by severe flooding a year ago in the village near the Wisconsin River in Sauk County. The Federal Emergency Management Agency announced the $4 million …
Texas lawmakers passed HB 148, legislation aimed at telemarketers who contact crash victims by purchasing accident reports from local police departments. The bill now on its way to Governor Perry for his signature makes it illegal for lawyers, chiropractors and …
The Texas House approved a conference committee report on Saturday to hammer out windstorm insurance reform legislation with senators. House lawmakers sent the measure — which could cause lawmakers to be called back for a special session if it is …
Two stocks in the Dow Jones Industrial Average will be replaced, Dow Jones & Co. announced. The Travelers Companies, Inc. (TRV) is taking the place of Citigroup, Inc. (C) and Cisco Systems, Inc. (CSCO) is going in for General Motors …
Florida property/catastrophe reinsurance rates increased by 15 percent at the June 1, 2009, renewal, compared to a decline of 15 percent a year ago, according to reinsurance specialist Guy Carpenter & Co. In a new briefing on Florda reinsurance trends, …
CNinsure Inc., China’s largest independent insurance intermediary, announced the “signing of definitive agreements to acquire 100 percent equity interest in Shenzhen Hongzhengda Insurance Surveyors & Loss Adjustors Co., Ltd. through Fanhua Surveyors & Loss Adjustors Co., Ltd., formerly known as …
Michigan is dropping objections to the sale of Chrysler LLC after the buyer agreed to assume Chrysler’s workers’ compensation liabilities. The settlement announced last Friday averts a court fight. The state had opposed the sale of Chrysler assets to Italian …
As the 2009 hurricane season arrives, many homeowners are finding insurance is either more expensive, or harder to get. Homeowners from New York to Florida and in the Gulf Coast region are again seeing premiums rise and coverage change. And …
Insurance giant Allstate Corp. is closing its claims office in South Portland, a move that affects 55 people. Company spokesman Mike Siemienas said Wednesday the shutdown will take place by July 31 and is part of a consolidation of claims …
An anti-toll activist is criticizing a sharp increase in the number of speeding tickets being handed out by state troopers along the Massachusetts Turnpike. The Boston Herald reported Wednesday that the number of speeding tickets given on the 138-mile highway …
