Florida Sen. Mike Fasano, R-New Port Richey, is calling for a repeal of this year’s massive property-insurance bill, SB 408, following the state insurer of last resort’s decision to file for an average 400 percent rate increase for sinkhole coverage.

Catastrophes continue to drive down second-quarter results for insurers as both domestic carriers and Bermuda companies report net-income declines and even losses, headlined by Allstate’s $620 million second-quarter loss.

As Tropical Storm Emily dumps rain on the Dominican Republic and Haiti, the National Oceanic and Atmospheric Administration (NOAA) has raised the number of Atlantic storms it expects this year.

The Hartford says the highest second-quarter catastrophe losses in its history and asbestos-reserve strengthening led the insurer to a 68 percent drop in net income for the quarter.

Rock group Kings of Leon will likely need a doctor to diagnose lead singer Caleb Followill’s “exhaustion” if the band expects an insurance payout after canceling the remaining 29 shows on their U.S. tour.

The New Jersey Department of Banking and Insurance is looking to revise personal-injury protection regulations less than two years after prior reforms made their way out of legal wrangling.

Liberty Mutual says it likely will appeal the preliminary approval given to a $450 million settlement American International Group Inc. reached with companies that alleged AIG underreported premiums to a workers’ compensation program.

State Auto Financial Corp. says it suffered an “unprecedented and unexpected” second quarter loss of $201.4 million