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Under a typical policy a slave could be insured for $500.00 with an annual premium of about $11.25. A lawsuit resolved in 1870 addressed the issue of debt for an enslaved person purchased on credit, after an insurance company refused to pay out on a property insurance claim, since the slave had committed suicide after being put in a slave mart ...
In July 1998, an anonymous French whistle-blower told the California Insurance Department that Crédit Lyonnais was the real buyer of the insurance company and controlled it through secret agreements. In early 1999, the California Insurance Department sued the bank and other parties, alleging fraud and seeking $2 billion in restitution. [4]
Insurance in the United States. Insurance in the United States refers to the market for risk in the United States, the world's largest insurance market by premium volume. [ 1] According to Swiss Re, of the $6.782 trillion of global direct premiums written worldwide in 2022, $2.959 trillion (43.6%) were written in the United States.
(Reuters) - Property and casualty insurer Liberty Mutual will stop offering its business owner's policy (BOP) product in wildfire-prone state California from Oct. 1, in a sign that cost inflation ...
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July 26, 2024 at 12:49 PM. By Tom Hals. WILMINGTON, Delaware (Reuters) - A U.S. judge has blocked a Department of Labor rule from taking effect that would have expanded the types of retirement ...
Location of Texas. Texas is a state in the South Central region of the United States. The region's second-quarter 2018 gross state product was 8.6% of the GDP of the country at $1.755 trillion, with significant growth in mining, quarrying, and oil and gas extraction. [1]
American Modern Insurance Group, Inc., operating under the American Modern® insurance brand, is the holding company for a number of subsidiary property and casualty insurance companies that provide specialty products for owners of a variety of specialty dwellings such as seasonal homes and mobile homes, and collectable or recreational vehicles such as watercraft, snowmobiles and motorcycles.
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