There will be an average 5.4 percent statewide rate increase for homeowners insurance from Citizens Property Insurance Corp., under an order approved by Florida Insurance Commissioner Kevin McCarty.

Three-quarters of a million people in the Phoenix metro area are on the state’s version of Medicaid, the roles of the indigent health program growing by 112,000 since January.

American Financial Grop announced record net earnings in its third quarter, and also said it will sell its San Diego-based Premier Dealer Services unit. (AFG)

State regulators closed the floundering Bank of Elmwood in Racine Friday night, named the Federal Deposit Insurance Corp. as the receiver and shifted the bank’s deposits to Tri City National Bank of Oak Creek.

Some Coloradans will pay as much as 140 percent more for insurance premiums under health reform plans being considered by Congress, according to an analysis released Friday by Anthem Blue Cross and Blue Shield of Colorado, the state’s largest private insurer.

State Compensation Insurance Fund has appointed its chief risk officer to serve as its president and chief executive officer on an interim basis.