National News for September 2004 New Report from Fitch Examines Reinsurance Recoverable Credit Trends The Hartford Reports Q3 Earnings ISO’s Intellicorp, Markel Join Forces for Criminal Background Checks of Employees, Volunteers Aon Begins CEO Succession Plans HRH Appoints Crowley National Director for P/C Cooper Gay Opens Domestic Treaty Division Insurers Applaud House Committee Passage of TRIA Extension Act Koches Joins AICPCU/IIA as Marketing Director PIA National Installs Officers for 2004-2005 Agent Association Supports House Bill Curbing Questionable Life Sales Practices Best Downgrades Converium North America Financial Strength Rating Big ‘I’ Praises Approval of Terrorism Insurance Backstop Bill by Financial Services Committee KPMG Survey Says Executives Less Optimistic On Premium Growth, Industry’s Ability to Grow Margins AIG Domestic Claims New IntelliRisk NetSource-R- 6.0 ACE Risk Management Appoints New Executives Weissenstein Named Insurance Educator of the Year S&P Comments on Hurricane Jeanne’s $7 Billion Impact on U.S. P/C Insurers PIA and The Hartford to Offer Members Joint Flood Insurance Program Jeanne Hits Florida Head-on; Causes Major Damage S&P Bulletin on P/C Holding Company Analysis Method Chubb Develops Next Generation Coverage for Life Sciences Companies PCI, AIA Work with Safety Orgs. to Develop Exam for Loss Control Professionals NAIC Adopts Amendments to Medicare Model Law NAPSLO Recognizes Top Four ASLI Program Graduates CIAB Urges TRIA Extension, Passage of Regulatory ‘Roadmap’ at Testimony DriveSavers Offering Discounts for Hurricane Victims Flood Zone Correction, Willis Group Partner Hub Enhances Embassy Insurance Program AIA Insurers Call State Regulation a ‘Trifecta’ of Failure, State Their Case for Federal Role Insurers to Pay an Estimated $4.4 Billion for Claims From Hurricane Frances IMCA Elects Rice as President; Names New Officers Survey: Increased Stand-Alone A-Side D&O Purchasing St. Paul Travelers Releases “Breaking the Code” on CD for Personal Lines Agencies New Survey Concludes Most Consumers Don’t Understand Credit Scoring Several Dozen Puerto Rico Municipalities Designated for Tropical Storm Jeanne Assistance On Behalf of State Regulators, N.Y. Superintendent Serio Speaks Out Against Federal Oversight Home Mutual Fire’s White Takes Helm at NAMIC U.S. Human Services Chief Thompson Hopes ‘Early Offers’ Pilot Will Reduce Medical Error Litigation AIG Served with SEC Civil Action Notice Regarding Possible Violations of Federal Securities Laws Best Reports 28% Increase in Direct Premium Volume for Surplus Lines Industry By End of 2003 S&P Affirms Employers Re ‘A+’ Ratings Best Reports P/C Insurers “Post Solid Results;” $9 Billion Profit for 1st Half of 2004 NAMIC Cites Oxley as Legislator of the Year NAMIC Makes the Case for Underwriting Freedom New Article Reportedly Confirms Earlier Findings Regarding Government Price Controls for Insurance NAMIC Cites UIPI Emerging Markets Opportunity Study CAT Modelers: Ivan’s Estimated Losses Up to $10B Progressive Weighs Rebranding for Independent Agency Force Conferees Elated Jeanne Will Miss NAPSLO Convention Ivan Not Finished With U.S.; I.I.I. Reports on Florida Hurricane Damage RMS: Potential Losses for Hurricane Ivan, $2 to $7 Billion Chubb Deploys New Technology for E&O Coverage Fitch Estimates Ivan May Become Second Costliest Hurricane For U.S. P/C Insurers Va.’s Hilb Rogal Acquires Wisconsin Broker Aftermath of Ivan: Hundreds of Thousands Without Power, Heavy Rains Continue Myers Named Trusted Choice Executive Director President Declares Disaster Areas for Alabama, Louisiana, Mississippi Oxley Supplies ‘Much-Needed Momentum’ for Terror Insurance Extension in Promising Bill by Sept. 29 AIR Worldwide Sees Ivan Costing $3 to $6 Billion S&P: Challenges to Property Catastrophe Reinsurers Willis Program Targets High-Valued Homeowners EQECAT Estimates Insured Losses from Hurricane Ivan Between $6-$20 Billion PCI Approves SMART Draft; ‘Needs Some Clarification’ Industry-Backed Study Claims TRIA Extension Would Strengthen U.S. Economy PCI Comments on NAIC’s Adoption of Insurance Credit Scoring “Best Practices” Atlantic Mutual Has Available Checklist to Make Sure Homes Are Properly Insured RMS: Potential Losses for Ivan $4 to $10 Billion InVEST Adds Trio of Board Members Lighthouse Announces Eldercare Acquisition, Expansion NAMIC Applauds Passage of Tort Reform Bill The Hartford Unveils New D&O Coverage NAIC Adopts Market Conduct Surveillance Model Law Higher Deductibles 1 Way to Ease Homeowners Crisis, Argues Big I Report Chubb Report Highlights Employee Theft Concerns Asbestos – Any Options Left for Insurers’ Commentary: SMART for Regulation’ Ivan Sets His Sights on Gulf Coast; Residents from Florida to Louisiana Get Suitcases Packed Target Markets Releases October Summit Agenda Koken Named NAIC President; Ario Elected VP Peak Performance Goes to New Heights ATRA Urges U.S. House to Help Halt Lawsuit Abuse SERFF Use Rises, Says NAIC PCI Readies to Influence Elections at Ballot Box Rogers to Serve as Keynote at NAAIA Conference EQECAT Says Ivan Landfall Would Be a ’1 in 50 Year’ Series of Storm Events S&P Affirms American Re and Affiliates ‘A’ Ratings Crump Opens National Financial Lines Practice Centered on D&O, Other Lines of Professional Liability Abacus Insurance Brokers Unveils Online Wedding Cancellation Program 9/11 Impact on Marsh & McLennan Cos. Nothing Short of Devastation Insurers Urge U.S. Supreme Court to Change Utah Ruling in Landmark Punitive Damages Case ACE USA Makes Available Energy Casualty Practice to Enhance Global Energy Operations Fitch: $2B-$10B in Insured Losses for Hurricane Frances PCI: Hurricanes Prove Commercial Insurance Value Citizens and Hanover Insurance Unveil Agency Portal Web site Launched for Consumer Insurance Complaints S&P Analyzes Potential Impact of Q3 Hurricanes; Questions Catastrophe Models NAMIC Targets Corporate Governance, Market Conduct, Securities Ratings, and Credit Scoring at NAIC Meeting Employers Re to Become GE Insurance Solutions CPCU Society Names 2004-2005 Officers, Governors Guy Carpenter Unveils Enhanced Version of CASUS Catastrophe Model PCI: Current Market Conduct Model Falls Short of Reform Goal Philadelphia Cos. Buys Renewal Rights for Palmer & Cay’s Bowling Program Frances Crosses Florida Panhandle; RMS Loss Estimate $3 to $6 Billion OOF! Frances Hits Florida; Damages Widespread, But Less Than Feared Best Releases Underwriting Guide 3rd Flow PCI: Frances Will Bring More Claims But Lower Severity Crawford & Company Names Crawford as CEO MarketScout: Market Still Vulnerable to Catastrophic Loss Hurricane Frances Weakening, But Still Dangerous I.I.I. Lists Insurance “Hotlines” for Frances S&P Affirms GEICO and Subs ‘AAA’ Ratings S&P Affirms Aon’s ‘A-’ Ratings; Outlook Negative NHC Issues Hurricane Watch as Frances’ Threat to Florida Grows Kaplan Professional Acquires The Saenger Organization Progressive Offers Tips to Keep Drivers and Vehicles Safe as Hurricane Frances Approaches S&P Raises HRH Ratings to ‘BB’ ACE Adds Condos, Multi-Family Homes to DMP Program St. Paul Travelers Mobilizes Catastrophe Team in Florida Chubb Offers Tips for Collectors before Lending Art Allstate Estimates Charley Losses at $425 Million Frances Now a Category 4 Hurricane; Aims Directly at East Coast of Florida NAMIC Launches Web Site for State Election News National News Archives
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