Florida homeowners came by the hundreds in cars and buses to speak out against the state-backed property insurer’s plan to increase sinkhole rates by an average 429 percent. At an unprecedented public hearing in Tampa last night, Citizens Property Insurance …
Scottish American Capital, a venture capital group with a cache of high net worth individuals, has purchased 80 percent of Tustin, Calif.-based Yates & Associates and given founder Jim Yates a three-year contract as chairman. The company said it now …
A former state lawmaker is officially jumping into the crowded Republican primary for the open U.S. House seat in eastern Oklahoma. Former state Rep. Wayne Pettigrew formally announced his candidacy in his hometown of McAlester. The 49-year-old businessman and insurance …
Reinsurer Validus Holdings increased the pressure on its target Transatlantic Holdings Wednesday, filing paperwork with regulators to ultimately replace Transatlantic’s board of directors. Transatlantic shareholders are due to vote next Tuesday on an all-stock offer from Allied World, which three …
The insurance industry is handing out cash to lawmakers who will play pivotal roles in setting up Illinois’ health-benefits exchange. The exchange is supposed to make health insurance more affordable for consumers and small businesses. However, the Campaign for Better …
Overland Park, Kan.-based insurance broker IMA Inc. announced that Darren Black joined the firm as director of its professional services practice. The practice will continue to focus on professional liability and risk management consulting for architectural, engineering, design-build and law …
Independent Insurance Agents of Texas (IIAT) and its Trusted Choice agents have donated a total of $200,000 to the State Firemen’s and Fire Marshals’ Association (SFFMA) to assist volunteer fire departments. The entire donation will go to a special fund …
Fargo, N.D., city engineers say an additional 7,500 homeowners may be required to purchase federal flood insurance when new flood plain maps are released. The Federal Emergency Management Agency rate map will show homes located in what is considered the …
U.S. regulators appear to be on strong footing in a legal battle over a Chinese auditor’s work papers, though their ability to act may have limits and a victory in court may not resolve a widening international accounting mess. At …
State Farm Insurance has filed notice seeking an average 10 percent increase in Texas homeowner rates. But company officials say discounts will be boosted to hold the actual premium hike to 1.4 percent statewide. The Dallas Morning News reports State …
