News and information for insurance company (carrier) executives on compliance issues, including court rulings, new statutes & laws and other factors that influence how organizations remain compliant with authorities at both the state and federal level.
The Federal Emergency Management Agency says in a letter that taking over management of more than 800,000 flood insurance policies currently administered by State Farm will save the agency more than $50 million annually, compared to the cost of the current Write-Your-Own program.
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