Southeast News

AGs in 14 States Want FHFA to Drop Plan to End Title Insurance Requirements

Attorneys general from 14 states, most of them in the South, are urging the Federal Housing Finance Agency to back off a pilot program that would remove age-old title insurance requirements from some home loans sold to Fannie Mae. “The …

Florida-Based Brown & Brown Posts Strong Profit for Q2

DAYTONA BEACH, Fla. (AP) — Florida-based Brown & Brown Inc. (BRO), one of the largest U.S. insurance brokerages, this week reported second-quarter net income of $257 million, up from $190 million for the second quarter of last year. On a …

Morgan & Morgan Vows to Fight Proposed Class Action on ‘Botched’ Injury Claims

Morgan & Morgan calls itself the nation’s largest injury law firm, with offices in most states. But perhaps the Orlando-founded firm has grown too big, too quickly, suggests a proposed class-action lawsuit that claims the firm has botched hundreds of …

Jacksonville Jags Sue Financial Employee Convicted of Stealing $22M From Team

JACKSONVILLE, Fla. (AP) — The Jacksonville Jaguars have filed a lawsuit against a former employee who is serving prison time after pleading guilty to stealing $22 million from the NFL team’s virtual credit card program. The lawsuit, filed Thursday in …

Hub Acquires Wade Associates in North Carolina

Hub International Ltd., a global insurance brokerage and financial services firm, has acquired Wade Associates, an independent agency with offices in North Carolina. Wade has specialized in property/casualty insurance for construction, manufacturing, health care and technology sectors, Hub said in …

FEMA Gives SW Florida a Few More Months on Flood Insurance Discounts

Communities in southwest Florida will continue to enjoy discounts on National Flood Insurance, at least for now, after federal authorities granted a temporary reprieve to punitive actions taken over inappropriate rebuilding in floodplains. “The Village of Estero was notified July …

St. Pete Approves New Rays Ballpark and Redevelopment of Current Site

ST. PETERSBURG, Fla. (AP) — The Tampa Bay Rays are on track to get a long-sought new ballpark following a city council vote Thursday on a major redevelopment project that also guarantees the team will stay where it is for …

Treasury Warns That Anti-Woke Banking Laws Like Florida’s Are Security Risk

WASHINGTON (AP) — The Treasury Department is warning that state laws that restrict banks from considering environmental, social and governance factors could harm efforts to address money laundering and terrorism financing. The Associated Press obtained a copy of the letter …

With American Mobile Cancellations, Florida Mobile Home Market Has ‘Fallen Apart’

Reinsurance in Florida’s long-stressed property insurance market was supposed to have stabilized this year – with moderate rate increases and more availability. But those calmer waters apparently have not reached the mobile home market, and Florida insurance agents are now …

West Virginia’s Ludewig Retires as Agency Joins with Leavitt Group

Longtime West Virginia insurance agent Charles Ludewig has decided to retire, paving the way for his agency to join the Leavitt Group, one of the largest privately held brokerages in the country. “I’m looking forward to this next chapter and …

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