Commercial Lines

A report that Florida's catastrophe funds have over $2 trillion in loss exposure will be clarified in the future, according to officials from the state's insurance department.

Despite the urgings of Florida Insurance Commissioner Kevin McCarty and others, Gov. Charlie Crist has vetoed the omnibus property insurance bill passed at the close of the 2010 legislative session.

Executives at a large number of biotechnology firms are concerned that their companies could be targeted.

The Florida legislature has passed a bill that would exclude certain commercial insurance lines from the rate filing and approval process.

Steven N. Weisbart, senior vice president and chief economist at Insurance Information Institute, explains in an interview with National Underwriter why most p&c insurers came through the financial crisis in relatively good shape.

In the second segment of a two-part interview with NU, John T. Hill II, chairman of the National Association of Mutual Insurance Companies, comments on the advantages enjoyed by mutual insurers, as well as the challenges they face.