Florida-based national insurance broker Brown & Brown, Inc. has agreed to acquire The Wright Insurance Group, LLC for $602.5 million from Aquiline Capital Partners, Wright’s lead equity partner. The Wright Insurance Group (TWIG), with $114 million in revenues, is a …
Federal Emergency Management Agency (FEMA) said 17 New Jersey municipalities are being recognized in two awards ceremonies this week for reducing their flood hazard risk through FEMA’s Community Rating System (CRS). Residents in participating municipalities are eligible for incremental premium …
Maine communities are criticizing new maps proposed by the federal government that show future flooding risks near the state’s coast that could impact what kind of insurance property owners must buy. The Flood Insurance Rate Maps released in November by …
Massachusetts’ top insurance regulator recently spoke about the state of the insurance industry in Massachusetts, with topics ranging from the auto insurance marketplace and the Biggert-Waters Flood Insurance Reform Act to Boston bombing insurance claims. Speaking at the Massachusetts Association …
The Federal Emergency Management Agency (FEMA) said it cannot extend the deadline for Superstorm Sandy victims who may want to file lawsuits challenging a denial or disallowance of all or part of their federal flood insurance claims. FEMA’s announcement is …
Five federal regulatory agencies are considering a rule that could boost sales of private flood insurance. The proposal would require lenders to accept private flood policies to satisfy the mandate that certain homebuyers in flood hazard areas purchase flood insurance. …
The Federal Emergency Management Agency this week published its latest data on ongoing federal assistance for New Jersey’s recovery from Superstorm Sandy. As of Monday, Sept. 9, the total federal assistance for New Jersey’s Sandy recovery effort added up to …
Federal Emergency Management Agency says more than 100 Bowers Beach property owners may have to pay more for flood insurance and could lose coverage if the town doesn’t fix longstanding deficiencies in its program. FEMA announced on Aug. 22 that …
First they needed blankets and generators. But before long, many of Superstorm Sandy’s bedraggled survivors also needed a lawyer. Thousands of people with damaged homes and businesses have sought help with legal headaches ranging from fights with building contractors to …
The Federal Emergency Management Agency this week published its latest figures on federal assistance for New Jersey’s post-Sandy recovery effort.FEMA said the total federal assistance so far for New Jersey’s Sandy recovery adds up to more than $5.3 billion as …
