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Hiscox said it will use internal resources for the purchase and will acquire net tangible assets of $45 million. Closing is expected in July. Altoha is described as a privately held group owned by var
The bill, which now goes to the State Senate, could increase auto insurance premiums 30-to-50 percent by dramatically raising the state's minimum insurance limits, according to the Property Casualty I
U.S. Re Corp. reinsurance broker Brian McGuire told a Bank of America equity research conference call Friday that the figure does not take into account the fact that reinsurers are offering coverage t
Staff of the acquired firm will continue operating from its location at 648 Monroe Avenue N.W., Grand Rapids, Mich., and William Rothwell, president and managing partner of Universal Insurance Service
Florida Insurance Commissioner Kevin McCarty has issued a consent order requiring United Property & Casualty Insurance Company to refund millions of dollars in unapproved homeowners' insurance rate in
The lawyers group and the carrier said terms are confidential and are subject to individual client consent. The settlement agreements will be presented shortly to each Scruggs Katrina Group client, th
Steve Shappell, managing director of Aon Financial Services Group legal and claims practice, said the directors and officers (D&O) liability market rates are already soft with class actions at an
Oracle has announced the availability of Oracle Governance, Risk, and Compliance (GRC) for Financial Services, an initiative to address key GRC issues specific to the financial services industry. The
The legal battle between a major insurer and a high-profile plaintiff attorney over claims for properties damaged in Hurricane Katrina expanded on three new fronts last week--with a judge's call to
WASHINGTON--Legislation to reform regulation of the surplus lines and reinsurance markets is scheduled for House floor action Monday under expedited procedures, according to congressional staffers and
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