Florida moved closer to putting an end to its personal injury protection automobile insurance system, which the insurance industry says is plagued by abuse and fraud.

With the death of Osama bin Laden and other Al Qaeda leaders reducing the organizations operational environment, terrorist threats to the U.S. are likely to involve smaller bomb plots perpetrated by Al Qaeda-influenced homegrown terrorists rather than attacks on the scale of September 11, according to Risk Management Solutions.

In an effort to drive growth in the area, Willis Group Holdings says it has expanded and relocated its South Florida headquarters to Miami.

Bermuda reinsurer Everest Re Group says it expects $245 million in fourth-quarter catastrophe losses, including an estimated $145 million in losses related to the flooding in Thailand.