The industry should “stay tuned” as the revised catastrophe model from Risk Management Solutions rolls out, the CEO of RenaissanceRe told NU, describing the model changes and potential market impacts as meaningful.

Photos of the Japan earthquake and subsequent 23-foot tsunami that was unleashed onto the country's eastern coast show the extent of devastation that occurred. Hundreds are feared dead.

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The Florida Office of Insurance Regulation has suspended the license of domestic automobile insurer Seminole Casualty Insurance Company, which has reported a negative surplus.