BY REPRESENTATIVE DAVID SANTIAGO Special to The Tampa Tribune Published: January 23, 2015 Imagine this: You wake up to find your kitchen flooded from a broken pipe. You frantically call a water extractor who arrives and says, “Don’t worry. Just sign these forms and we’ll handle everything.” The truth is, you’ve just signed away control…
Progressive Corp (PGR.N), a provider of auto insurance products, said it would acquire a controlling stake in property insurer ARX Holding Corp for $875 million in cash. Progressive Corp said it would increase its share in the parent of American Strategic Insurance to 67 percent from 5 percent after it buys shares from non-management shareholders.…
The Report begins with an overview of the insurance industry that presents and analyzes the financial performance and condition of the key U.S. insurance industry sectors, i.e., the life and health (L/H) sector and the property and casualty (P/C) sector. The industry financial overview also includes analysis of insurance industry capital markets activity, the increasing…