Captives

The storms that hit Florida in 2005 keep taking their toll.

If you don't know what you want, that's exactly what you get, and many business owners don't know what they want or need in a Business Owners Policy. This lack of understanding is a gap that must be closed.

With companies laying off employees by the millions, closing up facilities or going out of business altogether, fueling a soft commercial insurance market, these are challenging times indeed for workers' compensation carriers.

As debate continues on financial services reform legislation in the Senate, insurance industry representatives said they will work to eliminate regulatory provisions they consider too "bank-centric."

CFO Alex Sink has released a letter to Insurance Commissioner Kevin McCarty, noting recent actions by the OIR and seeking comments on upcoming activity regarding property insurers.

State legislators and regulators are sparring with large insurance companies over whether Congress should create an office within the Treasury Department to monitor insurance activities.