The CoreLogic analysis examines risk from hurricane-driven storm surge for homes along the Atlantic and Gulf coastlines of 19 states and the District of Columbia, as well as for 84 metro areas. At the regional level, the Atlantic Coast has more than 3.8 million homes at risk of storm surge in 2015 with an RCV of $939 billion, and the Gulf Coast has just under 2.8…
Newswires
June 04– A $4.1 million appropriation in disaster relief funding in the S.C. Senate's version of the state budget was rejected last week by the S.C. House, leaving those aid dollars in question for local governments, including Aiken County. Aiken County would be set to gain about $1.6 million, the City of Aiken about $100,000, and North Augusta roughly $38,000 if the…
State Farm agent, Brad Phelps, recently announced that he will be opening up shop in a new location, which is slated for June 22. Brad has been helping his customers realize their dreams for the past 13 years at State Farm, a company that has been the nation's #1 car and home insurer for decades, and as of last year the No. 1 life insurer in America. Brad says the reason for…
According to a media release, the merged company will operate as Highmark Blue Cross Blue Shield and continue to provide health insurance coverage and administrative services to nearly 550,000 individuals in the 13 counties of northeastern Pennsylvania. “This merger is a natural progression of the successful business relationship that Highmark and…
BB&T Insurance Holdings, a subsidiary of BB&T Corp., reported it has completed its agreement to significantly increase its partnership interest in AmRisc. In a related announcement, BB&T Corp. completed the sale of American Coastal Insurance Company to certain members of the AmRisc management team. Raleigh, N.C.- based BB&T Insurance Holdings, an insurance…
BB&T Insurance Holdings, a subsidiary of BB&T Corp., reported it has completed its agreement to significantly increase its partnership interest in AmRisc. In a related announcement, BB&T Corp. completed the sale of American Coastal Insurance Company to certain members of the AmRisc management team. Raleigh, N.C.- based BB&T Insurance Holdings, an insurance…
BB&T Insurance Holdings, a subsidiary of BB&T Corp., reported it has completed its agreement to significantly increase its partnership interest in AmRisc. In a related announcement, BB&T Corp. completed the sale of American Coastal Insurance Company to certain members of the AmRisc management team. Raleigh, N.C.- based BB&T Insurance Holdings, an insurance…
Marsh reported that it had reached a definitive agreement to acquire Leeds- based SME Insurance Services, an independent broker which provides specialist commercial insurance to small and medium-sized enterprises across the UK. On closing, Roger Snowden and Jason Gandy, co-founders of SMEi, will join Marsh to help drive forward its small and medium-sized…
Marsh reported that it had reached a definitive agreement to acquire Leeds- based SME Insurance Services, an independent broker which provides specialist commercial insurance to small and medium-sized enterprises across the UK. On closing, Roger Snowden and Jason Gandy, co-founders of SMEi, will join Marsh to help drive forward its small and medium-sized…
MetLife reported a tender offer for any and all of its 60,000,000 outstanding shares of 6.500 percent Non-Cumulative Preferred Stock, Series B, par value $0.01 per share and liquidation preference $25.00 per share. Upon and subject to the conditions set forth in the Offer to Purchase, MetLife is offering to pay a purchase price of $25.00 per Series B Preferred…
La Familia Auto Insurance, an independent insurance agency servicing the Dallas/Fort Worth area, has announced a new location in Balch Springs to serve customers in Dallas, Mesquite and surrounding areas. The agency's various locations serve customers in Dallas, Fort Worth, Carrollton, Garland, Grand Prairie, Arlington, Plano, Lewisville and every other city…
June 04– Virginia health insurers are proposing rate increases in the low teens for 2016 individual coverage. In Virginia that takes place at the Board of Insurance on July 22. In Virginia, 19 plans offered by 10 companies top the 10 percent increase threshold for 2016, though insurance representatives emphasized that the rates may decrease.
June 03– YATESVILLE– It took more than two years to reach a three-year deal, but Pittston Area teachers have a new contract that district lead negotiator attorney Jack Dean said “pays for itself, with savings in health insurance changes offsetting any raises. Language details have yet to be worked out so there's technically no contract to see, but Dean said the…
David O'Neill, Director of Investigations at PolicyFind, an Indianapolis- based insurance archeology firm and division of Enviroforensics recently addressed the California Groundwater Law Conference hosted by the American Ground Trust in San Francisco. His presentation, titled “Finding Evidence of Historical Liability Insurance to Provide Defense to…
By a News Reporter-Staff News Editor at Investment Weekly News– The Principled Equity Market Fund launched in December 1996 with the goal of generating growth of assets and returns approximating the return of the S&P 500 index by making prudent, yet socially responsible investments. The performance over its history has indicated that ethical investing…
By a News Reporter-Staff News Editor at Insurance Weekly News– According to news reporting originating from Washington, D.C., by VerticalNews journalists, a trademark application has been made for “MOAC” by Corporate Secretary, representing CNA Financial. The owner/registrar information for this application is: Corporate Secretary, CNA Financial, 43rd Floor,…
By a News Reporter-Staff News Editor at Insurance Weekly News– According to news reporting originating from Washington, D.C., by VerticalNews journalists, a trademark application has been made for “PASSPORT” by Corporate Secretary, representing CNA Financial. The owner/registrar information for this application is: Corporate Secretary, CNA Financial, 43rd…
By a News Reporter-Staff News Editor at Insurance Weekly News– With all the daily obstacles facing physicians these days, getting paid for the services they provide to keep patients healthy should be easy. The 2015 PayerView report, which covers the largest sample of insurers to date, indicates continued gains in payer efficiencies and performance, despite…
June 03– Thousands of members of Univera Healthcare and BlueCross BlueShield of Western New York would pay higher average health insurance premiums in 2016, and members of Independent Health would pay lower premiums, under rate requests filed by the region's three largest health insurance companies with the state Department of Financial Services.
