Policy administration system replacement remains a top priority for insurers in 2012, particularly for large and midsize carriers, according to Matt Josefowicz. It is less of a priority for smaller carriers, though.

Florida Citizens Property Insurance Corp. is considering the use of private reinsurance, and its risk-transfer plan this year could also include the issuance of its first catastrophe bond.

Sixteen New Yorkers are the targets of the latest fraud lawsuit filed in the state by Allstate Insurance.

The year 2011 came to a close with firm evidence that the soft market has ended, according to the latest figures released by the electronic insurance exchange MarketScout.