Only a week ago, Zhongzhi Enterprise Group Co. attracted little notice within China and was almost unheard of everywhere else. Now, the secretive shadow banking giant has become the latest symbol of financial fragility in an $18 trillion economy where …
BATON ROUGE, La. (AP) – Tim Temple, a Baton Rouge Republican who spent 20 years in the insurance industry, will be Louisiana’s next insurance commissioner after the only other candidate dropped out of the race Wednesday. The statewide position was …
Many U.S. homeowners are delaying home repairs, potentially putting their property at risk of damage, according to the latest Nationwide Agency Forward survey. A quarter of the homeowners surveyed (26 percent) are unaware that delaying necessary home maintenance can have …
Florida-based The Liberty Company, one of the largest property/casualty insurance brokers in the country, announced it had secured $340 million in loans to refinance debt and fuel new growth opportunities. The funding, from J.P. Morgan, Fifth Third Bank, Royal Bank …
A house fire and explosion in New Jersey that killed two men and two young children earlier this month was caused by explosive materials found in the residence, authorities announced Tuesday. The explosion likely originated in the rear left corner …
AccuWeather meteorologists say Hurricane Hilary is anticipated to bring heavy rain, flash flooding and strong winds to parts of California, Nevada and Arizona. The meteorologists issued the forecast in a media alert that was sent out Thursday afternoon. “Hurricane Hilary …
Fitch Ratings said it has downgraded the financial strength rating of Kemper Corp’s Trinity Universal Insurance Company to A- (Strong) from A. Trinity Universal of Jacksonville, Florida is Kemper Corp.’s lead property/casualty operating subsidiary. “The downgrades for Trinity and Kemper’s …
Growing fires near the California-Oregon border have prompted evacuation orders. A Siskiyou County wildfire, the Head Fire, started in the Klamath National Forest after a bout of thunderstorms and lightning. A social media post from U.S. Forest Service reported 13 …
An alleged “family and friend” organized auto insurance fraud ring in California was seemingly broken up by the Urban Automobile Insurance Fraud Task Force when seven people were arrested on Wednesday in connection to the case. In total, 23 individuals …
World Insurance Associates LLC announced that R&S Insurance Agency, Inc. (“R&S”) of Stoughton, Wisconsin has joined World as of August 1, 2023. Terms of the transaction were not disclosed. R&S has been providing insurance products and services to individuals, families …
