Insurance firm bid could net £2bn for chairman

The founder of the UK’s largest private insurance firm could net £2bn (€2.9bn) after it was reported today that his company had received bid approaches.

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Insurance rates could fall 35 percent

TALLAHASSEE - By anteing up the state's financial future with a bet that major storms won't hit Florida, lawmakers agreed late Sunday on a plan that would cut rates for most property insurance policyholders by 35 percent or more.

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