News

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

California Insurance Commissioner Dave Jones has placed specialty workers’ compensation insurer Majestic Insurance Company into conservation by order of the San Francisco Superior Court.

Vermont’s captive insurance growth in the 2011 first quarter is the strongest start to a year since 2005, attributable to a wider understanding of the benefits of captive insurance, says the state’s captive regulator.

Vermont’s captive insurance growth in the 2011 first quarter is the strongest start to a year since 2005, attributable to a wider understanding of the benefits of captive insurance, says the state’s captive regulator.

After record 2011 first-quarter catastrophe losses that outpaced man-made and natural catastrophe losses for all of 2010, facultative reinsurance rates in many regions have begun to firm, and are set to increase through 2011, according to an Aon Benfield report.

The new rules governing financial services institutions could have some unexpected consequences for executives and directors and open new business opportunities for insurers.