News

The Florida House Economic Affairs Committee has advanced legislation to reform the states no-fault, personal injury protection program.

The Florida House Economic Affairs Committee has advanced legislation to reform the states no-fault, personal injury protection program.

A report from the Consumer Federation of America critical of the homeowners-insurance marketplace raises some good points, but is based on erroneous data, says an industry consultant.

Standard & Poors Ratings Services revised its outlook for insurance broker USI Holdings Corp. from stable to positive while affirming the firms counterparty credit rating of B-.

Despite many insurers suffering operating losses in 2011, excess capital remains throughout the industry, and analyst firm Keefe, Bruyette & Woods says it is likely insurers will maintain that capital for 2012 growth opportunities rather than return it to shareholders.

Despite many insurers suffering operating losses in 2011, excess capital remains throughout the industry, and analyst firm Keefe, Bruyette & Woods says it is likely insurers will maintain that capital for 2012 growth opportunities rather than return it to shareholders.