A plea agreement appears to have been reached in a case where a Costa Rican man allegedly led a $670 million life settlement scheme, according to an Associated Press report.

USI Holdings Corp. (USI) acquired two insurance companies, making it one of the largest middle-market insurance brokerage firms in Rhode Island and New Jersey.

Concern that property-casualty insurers’ investments in public-entity securities could be threatened if deterioration in credit for this asset class grows is overrated, a ratings service said.

With hurricane season approaching, Florida’s Citizens Property Insurance Corp. plans to sell $2 billion in tax-exempt bonds to add to its reserves for claims.