A U.S. Senate and House conference committee on financial services regulatory reform agreed early today (June 25) on a bill that would avoid duplication between state and federal insurance regulation.

Florida Gov. Charlie Crist vetoed the state’s property insurance bill that would have expedited rate filings for property-casualty insurers, saying it was not in consumers’ best interests.

Average salaries within the property-casualty insurance industry are expected to remain steady next year.

The first quarter, with huge investment losses and a worsening recession, was the worst on record for private U.S. property-casualty insurers since quarterly results began to be compiled in 1986, …  Read →