Yearly Archives: 2023

DeSantis Turns Heads with Comment that Citizens Insurance ‘Not Solvent;’ Board Approves Cat Bond

New You can now listen to Insurance Journal articles!Florida Gov. Ron DeSantis raised some questions Friday when he suggested that Citizens Property Insurance Corp., the state-created insurer, has “not been...

Biden’s bailout of SVB, Signature Bank is ‘disappointing’

The failures at Silicon Valley Bank and Signature Bank earlier this month were surprising. Even more surprising is how our government twisted the law to bail out the wealthy people and corporations who stood to lose millions.Bank failures...

Midsize banks seek unlimited FDIC backstop as bank run fears grow

A coalition of midsize U.S. banks is calling on the government to insure all deposits for the next two years, in the wake of Silicon Valley Bank's emergency rescue that insured all of the firm's deposits regardless of...

9 Louisiana insurance companies apply for new incentive program

Commissioner Donelon released an update about the strategy to take the pressure off Citizens.Louisiana Insurance Commissioner Jim Donelon recently held a news conference during which he released an update about the new incentive program in the state.The announcement...

The 10 Worst States to Live in if You Hate Dealing with Traffic

Population growth has put more cars on the road, leaving parts of the U.S. subject to heavy congestion. That is especially true in one region of the country, where many states get poor marks for traffic.Recently, WalletHub identified...

Signature Bank Taken Over By New York Community Bancorp After Sudden Collapse

Topline New York Community Bancorp has taken over Signature Bank and assumed most of its deposits, the Federal Deposit Insurance Corporation announced Sunday evening, one week after crypto-friendly Signature Bank and tech-focused Silicon Valley Bank both collapsed in the...
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