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Lexington Insurance Company announced that they will discontinue home insurance, sending another 8,000 property owners to search for a new insurer. Lexington specialized in homes worth $1+ million and Citizens will only insure property values less than $700,000, so Citizens was not an option. [29]
In 1980, the company founded Essex Insurance Company in Delaware. Essex began as a property insurance company in White Bear Lake, Minnesota, but later moved to Richmond, Virginia. [3] In 1985, Prem Watsa took control of Markel Financial Holdings, a Canadian-based trucking insurance company. Near bankruptcy, Watsa determined it needed a capital ...
Within a decade, the company expanded beyond the south and moved its headquarters to Richmond. [5] Beginning with its first annuities business written in 1928, the company grew to offer products for mortgage insurance, lifestyle protection, and long-term care insurance. [5] In 1986, Life of Virginia was acquired by Combined Insurance for $557 ...
An insurance policy is a contract where the homeowner and insurance company agree that in exchange for a premium payment, the insurance company will provide compensation for the repairs or ...
To start your home insurance search, it may help to know how your state compares to others in the nation. You might also consider looking into the common weather hazards and other factors ...
Mortgage insurance, also known as private mortgage insurance (PMI), is typically required for borrowers who make a down payment of less than 20 percent when purchasing a home. Homeowners insurance ...
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