French insurer AXA has been approached by a number of players interested in doing a deal with its asset management arm, but continues to regard the business as a strategic asset, the unit’s chief executive said in an email to …
The U.S. National Flood Insurance Program, struggling with the costs of this year’s record hurricane season, will run out of money as early as Oct. 23 unless Congress takes action. The Federal Emergency Management Agency, which runs the taxpayer-subsidized flood …
The U.S. House of Representatives on Thursday approved $36.5 billion in emergency relief for hurricane-hit Puerto Rico and other areas that have suffered recent disasters. In addition to the U.S. territory of Puerto Rico, which is recovering from devastation wreaked …
Note: This story was originally published by the Texas Tribune and ProPublica. When Jeremy Boutor moved to a master-planned community in Houston’s booming energy corridor, he saw it as idyllic. Lakes on Eldridge boasted waterfalls, jogging trails and a clubhouse. …
This story has been updated with the latest estimates on fire losses. The wildfires raging in California are shaping up to become an infamous if not historic event. The fires have destroyed 3,500 structures and counting, far exceeding the 2,820 …
President Donald Trump’s administration took its most drastic step yet to roll back the Affordable Care Act, cutting off a subsidy to insurers hours after issuing an executive order designed to draw people away from the health law’s markets. The …
Participants in an Oklahoma-based substance recovery program allege they were required to work at a poultry processing plant without compensation under the threat of incarceration. Three participants filed a federal class-action lawsuit against the northeastern Oklahoma recovery program, Christian Alcoholics …
Irving, Texas-based QEO Group LLC (QEO) and Clear Blue Financial Holdings LLC (Clear Blue), headquartered in North Carolina, have agreed to a long-term, exclusive relationship for QEO to write its commercial automobile insurance program on Clear Blue’s carriers, Clear Blue …
Promega Corp. and its founder are firing back at shareholders who sued the Wisconsin biotechnology company in 2016 for shareholder oppression. The lawsuit filed by shareholders Nathan Brand and Ted Kellner alleges that company founder Bill Linton bullied shareholders in …
Officials decided Oct. 10 to proceed with two additional programs that would buy out more than 100 Houston-area homes that have repeatedly flooded in recent years, as the region continues its efforts to recover from Hurricane Harvey. The programs would …
