Richard Stokes, regional manager and counsel for the Property Casualty Insurers Association of America, noted the state already has comprehensive regulation governing how insurers use credit

"The increase in the offer price represents a significant improvement in the consideration offered to our shareholders," he said. "The offer price recognizes our remarkable turnaround of the past two

So far, this year's weather related losses have been marked by killer tornadoes, wild fires in Florida and California, flooding in the Mid-West and the first named storm of the season--not a good sign

WASHINGTON--While the commission charged with evaluating hurricane loss models for the state of Florida approved one model, it rejected another and faces criticism from that company that it is not adap