The terms of the deal with Western National Mutual Insurance Company were not disclosed, but, prior to closing, Western National assumed all remaining liabilities.
Tropical Storm Elsa picked up some strength as it passed over the Florida Keys Tuesday, raising the possibility it could become a hurricane again before slamming into the mainland.
The government supports efforts to create a minimum corporate tax and broaden taxing rights, but it warns of the impact on financial services and insurers.
