Archive for October 25th, 2010

Re-insurers: “Almost Pirates of Caribbean”

A Florida newspaper has run a sharply critical report on Bermuda-based re-insurers — accusing the “almost-pirates of the almost-Caribbean” of exploiting the state’s catastrophic hurricane seasons in 2004 and 2005 to boost earnings. After eight deadly hurricanes slammed into the Sunshine State, Floridians suffered another blow... Read more of this article