News

The Atlantic storm Colin has re-intensified into a tropical storm and is expected to pass either near or over Bermuda during the weekend, according to the National Hurricane Center.

Stephen A. Korducki, a senior insurance and reinsurance executive, has been elected president and chief executive officer of Sunshine State Insurance Company, Inc (SSIC).

One of Florida's largest homeowner insurers is asking for an average statewide rate increase of 21.7 percent.

A major independent agent leader threw down the gauntlet, challenging contingent fee opponent Willis to benchmark their brokers' upfront commissions against industry averages when delivering policies to clients.

Cecil Pearce to take over helm at Florida Insurance Council.

American International Group (AIG) reported a 2010 second quarter net loss of $2.7 billion, which the company said was primarily due to a $3.3 billion goodwill impairment charge.