It wants to bypass the rate hearing that would normally be required, saying it has been waiting for the Insurance Department to approve rate increases it requested last year, and that payouts from the Los Angeles County fires have worsened its financial position. Wednesday's meeting, in the Oakland offices of Lara's Insurance Department, lasted for nearly an…
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CUMBERLAND— After years of pandemic-related uncertainty, Kennesaw State University economist Roger Tutterow thought the American economy had finally regained its footing. "And then along comes a change in the business and political environment which has raised the level of uncertainty," Tutterow told bankers, customers, and real estate professionals at…
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8- K CURRENT REPORT PURSUANT TO SECTION 13 OR 15 OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report: February 27, 2025 SEACOAST BANKING CORPORATION OF FLORIDA Registrant's telephone number, including area code 287-4000 Check the appropriate box below if the Form 8- K filing is…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a” of Fidelis Insurance Bermuda Limited, Fidelis Underwriting Limited and Fidelis Insurance Ireland Designated Activity Company. Fidelis has reported reserve strengthening of $287.2 million for year-end 2024 for its aviation line of business for claims…
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14 A INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14 A INFORMATION Proxy Statement Pursuant to Section 14 of the Securities Exchange Act of 1934 Filed by the Registrant☒ Filed by a Party other than the Registrant☐ Check the appropriate box: Genuine Parts Company Payment of…
HoneyQuote has launched a flood insurance marketplace, offering Florida homeowners another way to purchase coverage. The Florida- based digital insurance agency's newest product comes as many Floridians face a new flood insurance mandate from Citizens, the state's property insurer of last resort. HoneyQuote hopes its quote tool can help Florida…
Regulators in Nevada, Washington, and New York approved the largest total amount of auto insurance rate increases over the last two years, according to S&P Global's U.S. Auto Insurance Market Report. In Nevada, that added up to 45.7% in total approved rate increases since the start of 2023.. According to the Nevada Division of Insurance, factors contributing to…
The notes are being issued by The Bank of Nova Scotia. The initial estimated value of the notes as of the pricing date is expected to be between $8.88 and $9.18 per unit, which is less than the public offering price listed below. None of the U.S. Securities and Exchange Commission, any state securities commission, or any other regulatory body has approved or…
The cryptocurrency market experienced a sharp decline on Monday, erasing over $110bn in value as Bitcoin (BTC) and altcoins dropped to their lowest levels in weeks. This sudden downturn followed a period of stability and was driven by growing economic concerns and unsettling developments within the crypto asset sector. Major crypto exchanges like Coinbase Global Inc. (NASDAQ: COIN) are […]
In the last 90 days, Best’ s Review readers have been most interested in the following insurance news coverage:. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. Patricia Vowinkel Executive Editor, Best’ s Review +1 908 882 1771…
Shares of The Progressive Corporation (NYSE: PGR) traded at a new 52-week high today and are currently trading at $279.8. So far today, approximately 147.05k shares have been exchanged, as compared to an average 30-day volume of 2.35M shares. The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial […]
The United States is not just declining— it is being deliberately dismantled by a ruling class that has abandoned any pretense of serving the public good. With Donald Trump back in power and billionaire Elon Musk granted near- total control over the federal government’ s inner workings, the country has entered its final descent into oligarchic…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of FMG Insurance Limited. In addition, the ratings factor in a neutral holding company impact from FMGIL’ s 100% ownership by Farmers’ Mutual Group. FMGIL is considered to have a comprehensive reinsurance programme that provides protection against…
CCC Intelligent Solutions Holdings Inc., a leading cloud platform provider for the P&C insurance economy, today announced that Chief Financial Officer, Brian Herb, and Vice President of Investor Relations, Bill Warmington, will present at the upcoming Morgan Stanley Technology, Media& Telecom Conference in San Francisco, CA.. CCC Intelligent Solutions Inc., a…
Indemnity is a publicly held Pennsylvania business corporation that has since its incorporation in 1925 served as the attorney-in-fact for the subscribers at the Erie Insurance Exchange. The Property and Casualty Group is a regional insurance group operating in 12 Midwestern, Mid-Atlantic, and Southeastestates and the District of Columbia.
Focused on profitable, growing lines in attractive E&S market. Strong underwriting culture with fully-integrated and accountable value chain. Growing and profitable E&S focused specialty P&C business founded and led by industry veteran, Stephen Sills, and supported through a strategic partnership with American Family Mutual Insurance Company, S.I.
David Ebener/ picture alliance// Getty Images. Car insurance rates are affected by a global ripple— things like changes in U.S. trade relations or rising costs at local auto body shops may impact the cost of insurance. CheapInsurance.com used data from the Bureau of Labor Statistics and the Census Bureau to explore the domestic and international factors that can…
In our annual list of the 50 most powerful leaders in Virginia, we set out to do just that, considering the number of employees an executive leads, personal wealth and other metrics. Think of those selected as the top 10% of our annual Virginia 500 list of the state's most powerful people across 21 categories, ranging from finance and real estate to government and…
The University of Virginia's Weldon Cooper Center for Public Service expects the state's gross domestic product will increase 2.4% this year, up from 1.9% anticipated for the nation in a Moody's forecast delivered at the end of 2024. Old Dominion University's Bob McNab said in his annual economic forecast in January that he anticipates the state's GDP to…
