Within the last two weeks Florida Chief Financial Officer Jeff Atwater has announced the arrests of two public adjusters as lawmakers prepare to consider a vast property insurance reform bill with provisions that address the practices of public adjusters.

American International Group Inc. said it has taken steps to protect about $65 billion in tax assets by adopting a “Tax Asset Protection Plan.”

Bermuda-based Catlin Group Ltd. and XL Group added to the list of companies who have announced estimated losses from the Christchurch, New Zealand earthquake on Feb. 22.

Omega Insurance Holdings Ltd. Chairman John Coldman said he and CEO Richard Pexton got a “baptism by fire” since they joined the company, as the Bermuda-based insurer and reinsurer posted a $42.8 million 2010 loss.

The Travis County district attorney in Texas is now involved in an investigation of the state’s last-resort insurer, the Texas Windstorm Insurance Association.

American International Group Inc. said it repaid nearly $7 billion to the Department of the Treasury, using money raised from the sale of its equity stake in MetLife Inc. earlier this month.

Florida Senate President Mike Haridopolos threw down a gavel today to open the 2011 State Legislative Session, beginning a new round in the reform fight for the insurance industry.

State Farm said it posted an underwriting loss in its auto insurance business of $2.8 billion in 2010, but improvement in the property and casualty segment overall drove a 200 percent increase in net income for the year.