Southeast News

FirstBank, With its Own Insurance Agency, Merges With Alabama Bank

Nashville-based FB Financial Corp., parent company of FirstBank and FirstBank Insurance Agency, plans to merge with Southern States Bancshares, the parent of Southern States Bank, headquartered in Anniston, Alabama, the bank announced this week. Southern States does not offer insurance …

People Moves: Anhalt to Lead The General Following Sentry Acquisition

Sentry Insurance announced that Pete Anhalt will lead The General following Sentry’s September 2024 acquisition of the brand from American Family Insurance. Anhalt currently serves as president of Sentry’s Dairyland nonstandard auto insurance brand and, over time, the businesses will …

Florida’s Universal P&C Overstated Claims to Cat Fund, Must Pay $4M Fine, AG Says

The Florida Hurricane Catastrophe Fund will not have to pay some $30 million to Universal Property & Casualty Insurance Co., after the carrier settled a civil suit that alleged the insurer had backdated claims to boost reimbursement from the fund. …

North Carolina Commissioner Settles Mobile Home Rate Increase at 11%

North Carolina Insurance Mike Causey said Tuesday that he had negotiated a lower average rate increase for mobile home policies than the North Carolina Rate Bureau had asked for. “I am happy to announce that North Carolina mobile homeowners will …

Another Kentucky Farmer Pleads Guilty to Crop Insurance Fraud

A Kentucky farmer is awaiting sentencing after pleading guilty to defrauding the federal crop insurance program of almost $1.5 million. Robert Thomas Hunt, of Taylor County in central Kentucky, asked grain haulers to sell his soybean, corn and wheat under …

After Commissioner’s Comments, Asphalt Roof Shingles Got a Bad Rap, Group Says

Rumors of the demise of asphalt shingles in Florida are greatly exaggerated. Asphalt shingles provide a great, cost-effective option for consumers. But in recent weeks, groups with varying interests and motivations — including those who sell roofing products that compete …

SC Bill Moves to House, Would Lower Liquor Liability Coverage, End Joint-and-Several

The fate of a bill that would modify South Carolina’s joint-and-several liability law now rests with the state House of Representatives after the state Senate last week approved the measure following weeks of heated debate. “We’re finally getting some movement …

More Tort Reform: Georgia Lawmakers Put Limits on Litigation Financing

ATLANTA (AP) — The second part of Georgia Republican Gov. Brian Kemp’s top priority to limit lawsuits and large verdicts won approval Thursday from the House. The full package, also called tort reform, is set to hit his desk in …

Public Adjuster Pleads Guilty to Another Scam, This One on a Church in Georgia

A notorious public adjuster, already in prison for scamming Louisiana and Texas residents out of insurance proceeds, last week pleaded guilty to defrauding Brotherhood Mutual Insurance Co. and a Georgia church out of millions of dollars after the church was …

HCI Invested in Tampa Office Site, Now Leasing it to GEICO for 1,000-Job Expansion

Berkshire Hathaway’s GEICO insurance plans to open a new campus in Tampa late this summer, bringing more than 1,000 jobs to the area. The property and auto insurer also plans to open an office in the Dallas area by this …

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