Homeowners Choice, Inc., a Florida-only homeowners insurance company founded in 2006, has sent a letter to the board of directors of 21st Century Holding Co. proposing a merger between the two companies. In an Oct. 12 letter addressed to Bruce …
Congress has again temporarily extended the federal flood insurance program, this time until Dec. 18, 2009. The latest extension was approved by the House and Senate as part of an appropriations bill for the Department of the Interior. Without the …
The State of Washington’s Insurance Commissioner’s proposal regarding a state-run, flood insurance program would probably hurt the insurance market and policy holders throughout the state, the Property Casualty Insurers Association of American said in a response. The Commissioner, Mark Kreidler, …
With some businesses in south King County finding it extremely difficult to buy enough flood coverage, Washington’s top insurance regulator is calling for broader powers to intervene when a local insurance market collapses. “We keep hearing from businesses and brokers …
Pennsylvania-based Harleysville Mutual Insurance Company and will be assuming the book of “Write Your Own” (WYO) flood business of Delta Lloyds Insurance Company of Houston, Texas, effective Nov. 1, 2009. Delta General Agency Corporation, through its more than 500 retail …
Let’s turn the tables this issue and instead of regurgitating our own or somebody else’s opinion, let’s take a look at yours. Insurance Journal carries a regular poll on its Web site. We ask questions on agency management, markets, the …
Insurance brokers say private insurers won’t sell flood insurance in Kent, Renton, Auburn and Tukwila where the Corps of Engineers says Green River flooding is likely this winter. Federal insurance is still available but capped at $500,000 for a structure …
Mud Flows After Fires “After the smoke has cleared from any wildfire, there is still the potential for catastrophic damage and losses to homes and neighborhoods when winter storms come. Most homeowners policies do not provide coverage for damage that …
Using President Obama’s visit to New Orleans this week as his backdrop, Rep. Gene Taylor, D-Miss., again urged the Administration to reform the National Flood Insurance Program, including adding wind coverage to the national program. In an open letter to …
Officials from central Missouri towns say preliminary flood insurance maps presented by the Federal Emergency Management Agency this week were incomplete and based on old information. Huntsdale Mayor Debby Lancaster said she was surprised her town, which has about 30 …
