Captives

Property and casualty and life and health insurance companies worldwide are asking the Group of Twenty to differentiate their industries from banks in crafting measures designed to address systemic risk.

Florida has a high concentration of older residents and a history of being a place where some have gone to try to take advantage of others.

Brokers in all regions of the U.S. agreed that the commercial property and casualty market remains competitive, particularly for new business, and that insurers are still willing

A policy can be reformed if it can be proved that there was a mutual mistake about its terms. In granting reformation based on mutual mistake, a court does not create a new agreement, it only enforces the terms of the policy as the parties intended.

They may not command the multi-billion-dollar premium figures touted by competitors involved in the latest merger deals, but market clout is not necessarily synonymous with size, according to executives of several large independent wholesale brokers.

The National Risk Retention Association (NRRA) said it will push next year for federal legislation to allow for dispute resolution for risk retention groups facing state regulatory obstacles.