Read fresh information and recaps of this month's news about Florida's people, places, and products.

Several Florida-based building-supply companies, most prominently Banner Supply Co., have filed a lawsuit against a Chinese drywall manufacturer for making false claims about the safety of the product.

Chubb Corp. says 2011 second-quarter net income dropped 19 percent, compared to the same period a year ago, to $419 million due to catastrophe losses, but its underlying commercial and personal insurance performance is solid.

Illinois has become the latest large state to adopt a regulation to implement the federal surplus lines reform and modernization law that doesn’t mandate it share revenues with other states.

The Financial Services Authority has fined a subsidiary of Willis Group Holdings more than $11 million for failure to institute proper controls in its anti-bribery and corruption systems.

Two major insurance brokers, USI Insurance Services and Hub International, announced acquisitions of employee-benefit firms this week.

Two major insurance brokers, USI Insurance Services and Hub International, announced acquisitions of employee-benefit firms this week.

The Financial Stability Oversight Council will soon issue new proposed guidance on the criteria it will use to determine which financial firms are systemically significant, the deputy Treasury secretary told Congress yesterday.