The Sunshine States system for no-fault automobile insurance is flawed to the point of systemic abuses, and fraudulent claims are climbing to higher levels than ever, to hear one national association tell it.

Directors and officers exposure to increased regulatory oversight and cyber-risk issues translates into heightened concerns for executives who must pay greater attention risk management and compliance issues, say executives.

Swiss Reinsurance Co. Ltd. has regained a credit rating of AA-minus from Standard & Poors, which says the Zurich-based reinsurer successfully de-risked its asset portfolio.

Results were not good for Bermuda-based insurance companies reporting third-quarter results late Thursday.