It is looking more and more likely that Congress will again have to pass a temporary extension of the National Flood Insurance Program, officials of the Independent Insurance Agents and Brokers of America are warning.

Two Bermuda-based insurers say catastrophes hurt their third-quarter earnings, with Everest Re reporting a 64 percent drop in net income and Montpelier Re posting a net loss.

Two subsidiaries of American Enterprise Group are pulling out of Florida.

ACE Ltd. Chief Executive Officer Evan Greenberg says September was the best month for pricing this year, and a statement by Fitch says it is seeing positive rate increases, but as Greenberg says, whether the trend continues remains to be seen.