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- Homeowners covered by Citizens Property Insurance will need to reapply for coverage when their windstorm policies renew after Feb. 1. The insurer is switching to a new computer system for underwriting and administering its policies. It's also fine ...
- An administrative change is forcing homeowners with windstorm policies from Florida's state-run insurer to reapply for coverage starting in February, but the switch is causing confusion for many and could raise costs for some. Citizens Property ...
- Private equity set to take controlling stake. Private equity house CVC Capital is in talks to take a 51% stake in RBS’s insurance arm, according to a report in the Financial Times. The recently nationalised bank is understood to have opened up the ...
- While American International Group (AIG) did not actually go out of business, thanks to a very large loan from the Federal Reserve, the prospect did raise fears in the minds of consumers: What if my insurance company goes under? Better Business ...
- LOS ANGELES, Oct. 15 /PRNewswire-FirstCall/ -- Mercury General Corporation (the "Company") (NYSE: MCY) announced today that Mercury Casualty Company, its largest insurance subsidiary, has entered into a definitive agreement with Aon Corporation for ...
- WASHINGTON - After a spectacular failure, the $700 billion financial-industry rescue plan found a second life, winning lopsided passage in the Senate last night and gaining ground in the House, where conservative opposition seemed to soften. The ...
- BEVERLY, Mass. - (Business Wire) Electric Insurance Company, a national provider of auto, homeowners, condominium and renters insurance, announced that it has named Stephanie Manning of Mashpee, Massachusetts as its first recipient of the Electric ...
- PALM BEACH — A state fund responsible for backing up homeowners insurers in the event of a major or catastrophic storm said Tuesday that it could not make good on its $28 billion promise to help pay claims. Because of ongoing problems in the credit ...
- The state House and Senate Education Committees recommended Tuesday that the state spend another $ 24. 5 million a year on bus transportation and $ 63 million a year on teacher health insurance. The vote was preceded by more than two hours of debate ...
- Voters in next month's presidential election weigh in on health-care issues that will influence their decisions at the polls. When I walked into the hospital room of a 19-year-old woman, a foul smell all but overwhelmed me. I called a nurse to assist ...
- C. Roy Bridges, Regional Executive Vice President of Brown & Brown, Inc. (NYSE: BRO), and Al Phillips, President, and Warren Phillips, Executive Vice President of Al Phillips Insurance Agency, Inc. of Nashville, Tennessee, today announced the asset ...
- In March, around the time when the problems with Bear Stearns surfaced, Rob Schimek, the CFO of AIG Commercial Insurance and the domestic property-casualty operation of which it is part, began to sock away cash. Although the big liquidity problems of ...
- Like, why are we bailing out big banks that not only made stupid decisions and don't trust each other, but are now calling in good loans on people who never missed a payment, destroying small businesses all over America? Like, does anyone remember ...
- The unrelenting financial crisis is pounding U.S. commercial banks, transforming the industry landscape and likely leading to a rising wave of bank mergers and fire sales in the coming months. A clear harbinger of the turbulent times ahead for retail ...
- Oct. 13 (Bloomberg) -- U.S. equity futures gained after the worst week for stocks in 75 years , boosted by the government's plan to buy stakes in banks and a Federal Reserve official's pledge to ``consider every option'' for restoring confidence ...
- Find FREE brochures on a variety of financial topics using our brochure finder, including brochures on savings , property and insurance . Vulnerable homeowners must be protected from 'sale and rent back' cowboys as soon as possible. This week, the ...
- Oct. 13 (Bloomberg) -- U.K. Prime Minister Gordon Brown 's government is set to buy majority stakes in Royal Bank of Scotland Group Plc and HBOS Plc to contain the worst financial crisis since the 1930s, two people familiar with the matter said. The ...
- HUNTINGTON — The first of four proposals under the city of Huntington’s home rule plan will go before City Council on Tuesday. Council members will discuss the first reading of an ordinance that requires insurance companies to transfer a portion ...
- STEPHEN Hester, head of property giant British Land, is set to emerge as the new chief executive of Royal Bank of Scotland in a regime change forced by the dramatic collapse in RBS's stock market value last week and the likely emergence of the ...
- As vital to just-about-everything as high finance is, why should we invest in a drama set in a complex world full of unsympathetic characters, which, despite its import, just doesn't feel that dramatic? It's a question that Kate Brook's three-parter ...
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