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Southern Fidelity Insurance Co. and Southern Fidelity Property & Casualty can remove 10,000 each. Private insurers have taken out more than 312,000 Citizens policies this year. [Citizens] President Barry Gilway has said the goal is to trim Citizens down to about 800,000 policies."
In 2022, news that 27 of Florida’s property insurance companies were potentially facing a financial rating downgrade from Demotech, the state’s primary financial rating firm, created panic in ...
On November 26, 2008, LandAmerica filed for Chapter 11 bankruptcy protection. [1] [2] LandAmerica's largest competitor, Fidelity National Financial, previously proposed a merger on November 8, 2008, following LandAmerica's posting multibillion-dollar losses in the third quarter. [3] That deal fell apart following due diligence.
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The following is a list of the bankruptcy judges, as of May 2023, for the United States Bankruptcy Court for the Southern District of New York. [4]As with all federal bankruptcy judges in the US, judges are appointed by the circuit's court of appeals — in this case, the United States Court of Appeals for the Second Circuit.
In 2022, the Florida home insurance market spent months tumbling toward collapse, but legislation was put in place to help mitigate disaster. These laws aim to make Florida home insurance more ...
The case is Picard v. Cohmad Securities Corp., 09-AP-1305, U.S. Bankruptcy Court, Southern District of New York (Manhattan). [50] On June 26, 2009, Judge Chin ordered Madoff to personally forfeit $170 million in assets, and his wife, Ruth agreed to relinquish her claims to more than $80 million and to retain only $2.5 million. [51]