Florida Insurance Commissioner Kevin McCarty says that if the Florida legislature does nothing to reform the states no-fault, personal injury protection auto insurance system, rates will simply continue to increase and lawmakers could be forced to repeal the law.

A magnitude 6.7 earthquake that struck the Negros-Cebu region of the Philippines yesterday is not expected to be a major insurance loss says catastrophe modeler AIR Worldwide.

A magnitude 6.7 earthquake that struck the Negros-Cebu region of the Philippines yesterday is not expected to be a major insurance loss says catastrophe modeler AIR Worldwide.

Beyond just the dollar figure of Thailand-flood losses, the event exposed risk-management challenges for reinsurers management teams, according to a Moodys Special Comment.