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Consolidation in the crop insurance sector continued as Everest Re Group, a Bermuda-based insurer, announced Wednesday that it has entered into discussions with Kansas-based Heartland Crop Insurance regarding a potential acquisition.
Vermont Gov. elect Peter Shumlin has chosen Steve Kimbell to be the state's next commissioner of Banking, Insurance, Securities and Health Care Administration.
Texas drivers will need to purchase more automobile insurance at the start of 2011 to complete a two-year plan to update minimum liability coverage required.
Investment bank Keefe, Bruyette & Woods said mergers and acquisitions accelerated during the 2010 second half, indicating that larger companies with abundant capital are looking for "opportunistic growth."
The protection and indemnity insurance market bounced back this year, up from negative earnings a year ago, thanks to the improved investment picture, but claims are eating into underwriting earnings.
Philadelphia has topped the list for the American Tort Reform Foundation's (ATRF) 2010/2011 "Judicial Hellholes" report due in part to the trial practices of its Complex Litigation Center (CLC).
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