Florida Insurance Commissioner Kevin McCarty has approved a statewide average homeowners insurance rate increase of 10.3 percent for policies written by the state-backed Citizens Property Insurance Corp. Citizens had filed for a 9.7 average increase but in his official order …
The U.S. Senate last night passed by unanimous consent a measure extending the National Flood Insurance Program for one year until Sept. 30, 2011. The Senate one-year reauthorization must now pass the House of Representatives, which in July passed a …
The top U.S. bailout cop said evidence of fraud among banks that sought taxpayer funds was on the rise, and some of his investigations involve amounts exceeding $550 million. Neil Barofsky, the special inspector general for the Troubled Asset Relief …
Blazes that gutted more than two dozen homes across Detroit and pushed firefighters to their limits underscore the cash-strapped city’s need for outside help, according to a state lawmaker running for Congress. Sen. Hansen Clarke, D-Detroit, met with Federal Emergency …
North Carolina’s largest health insurer will refund $155 million to more than 215,000 individual policyholders as a result of the Affordable Care Act that took effect earlier this year, the company said. Individual policyholders will get back the equivalent of …
It’s time to get rid of nearly 260 FEMA trailers remaining of the 23,300 installed after Hurricane Katrina flooded New Orleans five years ago, several City Council members say. The trailers spoil the city’s image of recovery, Housing and Human …
The Illinois Department of Insurance is reminding Illinois families and employers that significant new health insurance benefits and protections become effective Sept. 23, 2010. The changes — a result of the Patient Protection and Affordable Care Act (the “Act”) signed …
The claims costs connected to the recent half billion egg recall will be unprecedented and include liabilities such as business interruption and reputation damage. During the next 15 months, the U.S. Food and Drug Administration will inspect the 600 largest …
Colorado regulators say World Insurance Co. of Omaha, Neb., has paid a $153,000 fine after it was accused of not providing benefits it promised. The state Division of Insurance said that, among other things, the company didn’t cover procedures it …
European Union lawmakers gave their final approval on Wednesday for the creation of watchdogs to regulate European banking, insurance and trading, in one of the most far-reaching financial reforms of the decade. Putting its stamp on an agreement sealed this …
