Reinsurance and surplus lines purchases would be governed by the tax policies, licensing and other requirements of the buyer's home state under legislation approved for House floor action.

The regulator leading the National Association of Insurance Commissioners effort to get insurers' climate change information said companies will be given lots of leeway in responding.

Insurers are increasingly offering products and promoting behavior that address the growing risk of climate change, according to presentations delivered at an insurance regulators' Climate Risk Summit.

After a drawn-out, painful ordeal when having damage to her home repaired, Caroline's sister asked her claims adjuster for help. The result was a Customer Service Award for the adjuster. Read more at www.NoRiskZone.com .

Specialty insurer Torus said today its parent, First Reserve Corp., has agreed to merge it with the business of its other major insurance investment vehicle, Sideris Re--a firm in which Maurice Greenberg holds an interest.

Four consumer groups blasted the Independent Insurance Agents & Brokers of New York for their threat to sue the New York State Insurance Department over proposed compensation disclosure regulations.

Hub International Ltd. said it has acquired the assets of Glendive, Mont.-based insurance brokerage firm Associated Insurance Managers, Ltd. Financial terms were not released.

Third-quarter commercial insurance rates increased 0.3 percent with hardening prices in property and specialty lines such as directors and officers liability (D&O), according to a new consulting firm survey.