Federated National Insurance Company (”Federated National”), a wholly-owned subsidiary of 21st Century Holding Company insurance holding company, today announced that it received approval from the Florida Office of Insurance Regulation (”OIR”) to write commercial residential property business in the state of FloridaMichael H. Braun, President of Federated National and Chief Executive Officer of 21st [...]

Despite a slump in the U.S. housing market, MetLife Inc. is seeking to expand its bank by delving into the residential mortgage origination business with help from its well-known brand. But the endeavor may be rife with risks as making loans isn’t core to the business of the biggest U.S. life insurer, an expert said [...]

Despite a slump in the U.S. housing market, MetLife Inc. is seeking to expand its bank by delving into the residential mortgage origination business with help from its well-known brand. But the endeavor may be rife with risks as making loans isn’t core to the business of the biggest U.S. life insurer, an expert said [...]

A.M. Best Co. has placed the financial strength rating (FSR) of A- (Excellent) and issuer credit rating (ICR) of “a-” of the Risk Management Association of the Residential Construction Employers Council (RCEC) (Illinois) under review with negative implications.
Following initial receipt of notification of the change in service administrators to Assurance Agency, Ltd. (Assurance) from Walker [...]

Radian Group Inc. announced that its Board of Directors has adopted a Tax Benefit Preservation Plan designed to protect stockholder value by preserving important tax assets. The Tax Benefit Plan was adopted to reduce the likelihood that Radian’s use of its net operating losses, loss carryforwards and other tax assets (NOLs) would be substantially limited [...]

The New Mexico Superintendent of Insurance announced June 30, 2009, that effective August 1, 2009, real estate title insurance premiums would rise by 10.7 percent overall. Additionally, the remittance rates from title agencies to underwriters increased from 19 percent to 20 percent for residential properties. A new rate schedule has yet to be released.
This ruling [...]

The Annual Meeting of Shareholders of American International Group, Inc. (AIG) will be audio webcast live at www.aigwebcast.com on Tuesday, June 30, 2009 at 10:00 a.m. EDT.
Shareholders planning to attend the Annual Meeting should bring photo identification. In addition, if shares are held in “street name” shareholders should bring an account statement or other acceptable [...]

Mercantile Bancorp, Inc. announced two of its wholly owned subsidiary banks were ranked in the American Bankers Association Journal among the top 100 U.S. community banks in return on average equity (ROAE) in 2008. Brown County State Bank, headquartered in Mt. Sterling, Ill., was ranked 12th nationwide in ROAE among non-subchapter S community banks and [...]

The Co-operative Insurance has launched a new range of specially designed sector-specific, flexible packaged business insurance products.
The range of tailored insurance products have been developed to meet the protection needs of the self employed, shop and salon owners, publicans, restaurateurs, hoteliers, office and surgery owners and residential property owners.
Policy holders will have access to a [...]

Tim Richison, chief financial officer of the California Earthquake Authority since 1997, was named CFO of the Year by the Sacramento Business Journal at ceremonies held today. Judges cited Richison’s achievements as part of the original team at CEA — an entity that opened its doors in 1996 and has since become an international model [...]