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Insurance industry trade groups had a mixed reaction to legislation introduced last week in the House of Representatives to reform the National Flood Insurance Program, warning the bill could
Pyxis Mobile, a provider of wireless software for the financial services industry, announced the availability of mAdvisor for Insurance, a real-time tool that provides instant access to the client
WASHINGTON--Legislation creating catastrophic savings accounts, which would be comparable to Health Savings Accounts and would allow homeowners to put money aside tax-free to prepare for the financial
The bill, which calls for additional disclosure language on home policies and Federal Trade Commission oversight, was instantly condemned by the Property Casualty Insurers Association of America (PCI)
Thomas E. Hampton, D.C commissioner of Insurance, Securities and Banking, predicted in a statement: "The establishment of a regulatory scheme for securitizing insurance risks in a captive and the amen
Calera Capital, formerly Fremont Partners, and TPG Capital, formerly Texas Pacific Group, announced the completion of the acquisition of Direct General Corporation by an affiliate of Calera and TPG in
Mr. Supple noted that Mr. Lott still has the option to settle his suit as part of an agreement with his lawyers, the Scruggs law firm in Gulfport, Miss., to settle a class-action lawsuit involving 640
American Insurance Association said they expect he will sign the measure (HB 753), which the organization believes has the potential to substantially reduce the threat of natural catastrophe losses to
o Significant participation in the catastrophe reinsurance business from nontraditional players such as hedge funds, high-net-worth individuals, institutional money managers and the asset-backed secur
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