Vermont Gov. Jim Douglas signed legislation into law yesterday, designed to give the state a leg-up in the heated competition between captive insurance domiciles--both onshore and offshore.

The Travelers Companies Inc. said it has established a think tank, The Travelers Institute, to participate in public policy debates on matters of interest to the property-casualty insurance sector as well as the financial services industry.

Florida Governor Charlie Crist yesterday signed into law a measure that could raise homeowners insurance rates up to 10 percent for policyholders with the state-created Citizens Insurance Corp.

Florida Gov. Charlie Crist yesterday indicated he may veto the "Consumer Choice" bill that would eliminate rate restrictions on some home insurance.