Legislation introduced that would place significant restrictions on domestic insurers that cede reinsurance to their foreign affiliates is being strongly opposed by the Risk and Insurance Management Society, (RIMS), which it says could ultimately impact capacity.

Speaking for the Council of Insurance Agents & Brokers, an insurance broker says certain provisions of the healthcare-reform law are raising healthcare costs, creating uncertainty among employers, and costing agents and brokers industry jobs

Montpelier Re Holdings Ltd. estimates its third-quarter catastrophe losses will stand at around $60 million before taxes, and along with other carriers, reported cat insurance losses are well over $500 million for the past two weeks.