Chairman and CEO of Willis Group Holdings says "you can only serve one master. It's either the carrier or the client. You can't work for both."

With vegetable gardening and composting gaining popularity and a higher intolerance for environmental mishaps, business and government needs to get up to speed, Caroline McDonald asserts in her blog. Check it out at www.NoRiskZone.com.

The Bermuda Monetary Authority has appointed Brad Erickson to the newly created position of chief operating officer, effective immediately.

Adding wind coverage to the National Flood Insurance Program would benefit insurers by flowing premium dollars to them while removing risk and capital costs from the private sector, a House legislator's office said.

Weather Services International (WSI) has slightly lowered its forecast for the 2010 tropical storm season due to a "relatively inactive June/July period."

Brown & Brown's 2010 second-quarter net income increased 1 percent, or $517,000, over the prior year's second quarter to $41.2 million, the insurance broker said.

Fitch Ratings said it expects Lloyd's of London to report a reduced level of income in 2010 compared to 2009, but affirmed the company's Insurer Financial Strength rating of "A-plus."

Specialty insurer RLI Corp. reported second-quarter net income of nearly $40 million this year, a 2.7 percent increase compared to the same period last year.