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According to its approved application filed May 20, Viceroy is forming as a Florida stock corporation with 500,000 shares of common voting stock at a $50 par value. Monarch will hold 90,000 shares, while 10,000 shares will go to funds managed by or affiliated with Hale. The company will write homeowners multiperil lines in the state.
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[ad_1] State Farm, caught in the middle of conflicting demands, opted to file a federal interpleader action – a move that allows insurers to deposit funds with the court and step aside while potential beneficiaries litigate who is entitled to the money. Robbins, in turn, sued State Farm in state court, alleging breach of contract,…
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