Reinsurance

Florida has enjoyed a record run of seven years without a hurricane making landfall, but industry experts question whether Florida's state-controlled insurance system is able to cope in the long term.

Florida has enjoyed a record run of seven years without a hurricane making landfall, but industry experts question whether Florida's state-controlled insurance system is able to cope in the long term.

A group of 19 U.S. reinsurers more than doubled its first-quarter net income in 2013 compared to the year before thanks in large part to a dramatic turnaround in net underwriting gains.

Companies doing business within state are now authorized to self-insure, or provide reinsurance for, its own and its affiliates operational risks such as employee benefit plans, liability insurance and workers compensation insurance.

Companies doing business within state are now authorized to self-insure, or provide reinsurance for, its own and its affiliates operational risks such as employee benefit plans, liability insurance and workers compensation insurance.

Hank Greenberg should still face trial over sham transactions he is accused of orchestrating while he was head of AIG, even though New York has dropped most of its claims against him, a state lawyer argued.