Bermuda certainly deserves a spot in this year's top-10 story list, no matter if you're looking back at the fact that players living large on that island paradise again enjoyed record earnings, or because of the storm clouds on the horizon threatening its future.

Starting off on a positive note, as NU's Susanne Sclafane reported last month, "a second straight year of benign loss activity contributing to a second year of record earnings" left Bermuda insurers and reinsurers, whether "old-timers to relative toddlers," facing an "enviable problem--an embarrassment of riches."

Ms. Sclafane noted that "in total, 17 companies tracked by NU reported overall net income jumps of nearly 6 percent in third-quarter 2007, and 21 percent for the first nine months, while total shareholders equity for the group rose more than 14 percent over...year-end 2006."

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