Bermuda-based Renaissance Reinsurance Ltd. has been approved to participate in Florida’s property reinsurance marketplace with modified collateral requirements. In 2007, Florida lawmakers passed legislation that authorized the Office of Insurance Regulation to establish lower collateral requirements for non-United States based …
Eighty-five South Carolina homeowners who live on the coast are the latest recipients of grants to help them strengthen their homes against storms. Scott H. Richardson, state insurance commissioner, said the SC Safe Home awards went to homeowners living in …
A Tampa Bay-area police department is the latest to buy into new technology that uses cameras to scan license plates and checks the numbers against a database of stolen cars and other vehicles used in crimes. Clearwater police said the …
South Carolina authorities say winter weather contributed to twice as many deaths on the state’s roadways over Christmas weekend this year. Multiple media outlets report that 13 people were killed on state roads and highways during the 78-hour Christmas weekend …
Texas-based Biglari Holdings Inc., parent company of the Steak n Shake restaurants, has increased its proposal to acquire 100 percent of the issued and outstanding shares of common stock of Fremont Michigan InsuraCorp Inc. to $31 per share in cash. …
Indiana Insurance Commissioner Stephen W. Robertson announced that Guggenheim Life and Annuity Co. will reinsure policies originally issued by Standard Life Insurance Company of Indiana, which has been in rehabilitation for two years. Standard Life is undergoing reorganization. As part …
Gov. Mitch Daniels and Indiana lawmakers preparing to craft the state’s next two-year budget are eyeing an obscure bank insurance fund as a possible revenue source to close anticipated budget gaps. The Indianapolis Business Journal reports that Indiana’s public deposit …
A scathing audit by the federal Department of Homeland Security questions whether some $45 million in public money was properly spent to remove debris in the cleanup of Chambers County, one of the Southeast Texas counties most devastated by Hurricane …
A year-long investigation targeting insurance fraud has resulted in 11 arrests and three pending arrests connected with four Florida chiropractic clinics. In January, the Collier County Sheriff’s Office Organized Crime Bureau began investigating clinics suspected of committing insurance fraud by …
A Florida court has thrown out a rule banning public adjusters from soliciting customers within 48 hours of a disaster or other insurance claims event. The First District Court of Appeal ruled that the restriction on solicitation violates commercial speech …
