Ten large property and casualty insurers asked leadership of the Senate Banking Committee to exempt the industry from federal oversight in financial services reform legislation that will be marked up.

While multinational insurers struggle to establish global uniformity in regulation, disparities in systems of taxation around the world remains an unproductive factor in determining where carriers do business, industry leaders say.

Regional property & casualty insurer ACUITY has reported full-year 2009 net income of nearly $50 million, a 66 percent increase over 2008 net income of $29.4 million.

Mitchell Brian Storfer of Vero Beach has been stripped of his insurance licenses for participating in an annuity scheme.