buyout News

Insurers May Be on Hook for Dole Buyout Lawsuit Settlements

A Delaware judge says insurers may be on the hook for $190 million to settle two lawsuits stemming from a 2013 buyout in which Dole Food chairman and CEO David Murdock took the company private. In a ruling late last …

Austin to Buy Out 300 More Storm-Flooded Homes

Leaders of a Central Texas city have approved a $3.5 billion annual budget that includes buying out about 300 more homes in flood-prone areas. The Austin City Council on Tuesday approved next year’s budget and spending $78 million for residences …

The Ins and Outs of Buying and Selling Insurance Agencies

Buyer demand for available independent agencies is greater than the supply and it’s been that way for years, according to Rick Bondurant, director of management services for the Independent Insurance Agents of Texas. “Even the smallest book has a wide …

Deadline for Louisiana Sinkhole Buyout Talks Extended

Nearly half of the eligible residents and families directly affected by a Bayou Corne, La,-area sinkhole induced by a Texas Brine Co. salt dome failure last summer have agreed to company buyouts, while the rest have more than a month …

Homeowners, City at Odds Over Flood Buyout Program in Oklahoma

Owners of homes in a Muskogee, Okla., subdivision want the city to give them fair market compensation for their homes as part of a flood-buyout program. But the city says it doesn’t have the money to match federal grants to …