Craig Sparks, non-executive chairman of Union Standard, has been presented with the Raymond Mauk Leadership Award by the Insurance Council of Texas (ICT). Sparks is the eighteenth recipient of the award. The ICT presents the Raymond Mauk Leadership Award each year …
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The Florida Office of Insurance Regulation (FLOIR) approved the removal of up to 80,000 personal residential policies and 1,050 commercial residential polices from Citizens Property Insurance Corp. (Citizens) by the following three companies: Heritage Property & Casualty Insurance Co. – …
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Social media operators such as Twitter, Facebook and YouTube would have to notify federal authorities of online “terrorist activity,” according to the text of a bill approved by the U.S. Senate Intelligence Committee and seen by Reuters on Wednesday. The …
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Sandell Asset Management Corp., the activist hedge-fund firm, amplified its criticism of PartnerRe Ltd. for shunning the unsolicited $6.8 billion takeover offer from EXOR SpA that would break up the reinsurer’s planned merger with AXIS Capital Holdings Ltd. “We believe …
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New York state troopers say they issued more than 10,000 tickets over the July 4th holiday weekend. State police once again this year beefed up enforcement against holiday drivers who were impaired, distracted, speeding or who were not buckled up. …
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A lawyer says he has filed a lawsuit on behalf of residents who were evacuated when a CSX train car carrying hazardous material derailed and caught fire in East Tennessee on July 1. Maryville attorney Kevin Shepherd said July 10 …
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World Insurance Associates LLC, an independent insurance agency based in Tinton Falls, New Jersey, announced its acquisition of Bux-Mont Agency Ltd. in Southampton, Pennsylvania. Terms of the transaction were not disclosed. Founded in 1986, Bux-Mont Agency is a personal lines …
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The Bank of England will issue its verdict in December on the models insurance companies use to quantify risk and determine capital requirements as the industry prepares for the new European Union rules known as Solvency II. “I consider it vital …
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The main building at Washington High School in Cedar Rapids, Iowa, has been closed as officials deal with the presence of asbestos. A contractor working in the building raised concerns with the Iowa Natural Resources Department, and the school district …
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The Texas Department of Insurance is accepting applications for the Texas Windstorm Insurance Association board of directors after the makeup of the board was changed by the 84th Legislature. Under Senate Bill 900, the board will include: Three board members …
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