United Insurance Holdings Corp. (UPC) has agreed to acquire 100 percent of Sunshine State Insurance Co. (SSIC), a Florida domiciled property/casualty insurance company. SSIC, based in Jacksonville, Fla., offers homeowners, dwelling fire and federal flood insurance through 500 independent agents …
Kentucky Public Protection Secretary Bob Vance said he is retiring May 31. Gov. Steve Beshear said his chief of staff, Larry Bond, will be the acting secretary until a permanent replacement is named. Beshear appointed Vance after winning election in …
The U.S. homeowners insurance industry benefited from lower catastrophe activity in 2013 and became profitable for the first time since 2007, according to an analysis by SNL Financial. According to SNL, all of the top 20 homeowners insurers in its …
The car of the future is pictured in an imagined scene in a 1950s science magazine. The illustration depicts a family sitting in a big convertible, a tail-finned monster. Mom, Dad, and their kids are in a circle, playing a …
Dexter Hsu spent Tuesday night barricaded inside his workers’ dormitory in Vietnam’s Binh Duong province. Tables were stacked up against the doors, but he and his dorm-mates were terrified by the shouts and sounds of nearby rioting. Earlier that day, …
The El Nino weather phenomenon that is likely to strike this year will damage world maize, rice and wheat yields but boost soybeans, according to a study on Thursday that could help farmers plan what to grow. The Japanese-led report …
When Ford Motor Co. recalled 600,000 sport-utility vehicles last week, it became the fourth carmaker this year to acknowledge an issue with malfunctioning air bags. So far in 2014, automakers in the U.S. have recalled about 6.6 million cars and …
Canada unveiled new rules on Wednesday to enhance pipeline safety and spill response, ahead of the development of new projects proposed to carry crude from Alberta’s oil sands to coastal ports for export. The new legislation will give Canada’s energy …
In the 1980s images of skeletal Ethiopian babies and their parents, dying from hunger during a devastating famine, helped galvanize global humanitarian and financial aid to drought-ravaged African countries. Three decades and countless droughts later and the relief model Africa …
Having previously played (and arguably, lost) two prior rounds of legislative “chicken” with the insurance industry, congressional conservatives are making it known that, this time around, they’re quite serious about a radical reworking of the 12-year-old Terrorism Risk Insurance Program. …
