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The quake that struck near L'Acquila, Italy killing more than 200 persons and demolishing thousands of buildings is unlikely to inflict a major insurance loss, according to figures from one expert.

A spokesman for the Florida Office of Insurance Regulation said that many insurers have expressed interested in providing coverage for policyholders with suspended home insurer Coral Insurance Co.

RIMS President Joseph Restoule has traveled far and wide in anticipation of this month's annual conference--recently returning from visits to Japan, Columbia and Bermuda--where he found that interest in enterprise risk management has "just taken off."

While insurance brokers say they are starting to detect signs of firming in the commercial insurance marketplace, buyers on average are still seeing premium rates decline.

Less than a month after Max Capital and IPC Re announced their boards had approved a merger deal, Validus Holdings presented the IPC board with a second offer to merge with the property-catastrophe reinsurer valued at $1.68 billion.

An insurance executives' think tank, in advance of the London G-20 meeting last week, wrote to finance leaders advising them that any regulatory moves to fix the economic crisis should recognize the difference between banks and insurers.

In a report last week, the General Accounting Office advised Treasury to withhold $30 billion from American International Group until the company agrees to renegotiate contracts with employees and final counterparties.

National Underwriter is seeking entries for its third annual "Award For Excellence In Workers' Compensation Risk Management," sponsored by the National Council on Compensation Insurance.