Reinsurance

The Treasury Department's authority to conclude bilateral trade agreements on insurance with foreign countries will be considerably watered down.

Agent associations joined the National Crop Insurance Services in criticizing the Obama administration's decision to cut the federal crop insurance program by $6 billion over the next 10 years.

The soft market continues to challenge reinsurers, and although 2010 has seen disasters, the events will not be enough to harden pricing, according to a panel of senior reinsurance executives.

Florida CFO Alex Sink wants oil spill claim facility located in Florida.

XL Re Ltd. is the first reinsurance company from Bermuda to operate in Florida without having to put up 100 percent collateral.

The Florida Office of Insurance Regulation (OIR) said it has reached an agreement with a second reinsurer to participate in the state's market under modified regulatory terms.