National News for June 2008 Reagan Joins Aon Construction Group, Focusing on Europe, Asia Chinese Fund Manager Pays $2.1 Million for Buffett Lunch; Tip Included High-Profile U.S. Trial Lawyer Scruggs Sentenced to 5 Years Condo Insurance Requirements Not Cookie-Cutter Stephenson Named COO of ISO Markel American Introduces Renter’s Protection Insurance Allied World Assurance to Acquire Darwin Professional Underwriters AIG Decides to Hang Onto and Grow Aircraft Leasing Unit, ILFC N.Y. Appeals Court: Contingent Commissions Not Illegal NIF Goes Beyond Insurance With Advisory Services for Nonprofits N.Y. Governor Supports Easing Rules for Foreign Reinsurers Typical Couple Needs $85K to Pay for Long Term Care Insurance Flood Insurance, Public Aid Leave Gaps for Midwest Disaster Victims Looking to Rebuild Nationwide Insurance Pushes to Include Flood Coverage in Home Policies UAI Taps DeGraw as V.P. Professional Liability for Diamond State Insurers, Tech Firms, Consumers Agree on Electronic Health Record Rules States Back House Holocaust Insurance Act Hurricane Chief: Funds, Research Can Improve Hurricane Forecasting Everest Opens Up Distribution of its Environmental Insurance Products Fleischman Joins Phoenix as Division President; Roberts Joins as EVP Supreme Court Rules $2.5 Billion Exxon-Valdez Damages Excessive AIG Introduces Public Entity, Trustee Protector Coverage Strengths and Weaknesses, Part 1: What Agents Think of Regional, National P/C Insurers Arrowhead General Insurance Agency Offers Motorcycle Coverage ICW Offers DIC Program for Condo & Homeowner’s Associations New Consortium Plans Strategies to Combat Medical Fraud Feds Extend Reporting Time for Crop Insurance in Flood Areas Home Insurers Bitten by $350M in Dog Claims; Average Claim Tops $24K Captive Ratings: American Road, First Beacon, Toyota Motor, Agrinational P/C Insurers’ Underwriting, Investment Results Deteriorate in First Quarter Ratings: Old Republic Group, Clarendon, Associated Gen’l. Contractors, ECM, Bankers, Titan, Cumberland Demotech, IJ Salute 152 Super Regional P/C Insurers Report: Workplace Injuries Unreported U.S. Scientist Urges Emmissions Tax to Cut Greenhouse Gasses Best Affirms Markel’s ‘A’ Ratings OneBeacon to Acquire California’s Entertainment Brokers U.S. Medical Device Makers Fear Rise in State Lawsuits Insurance Agents Advised to Learn from Professional Employer Organizations Specialty Underwriters Reports Acquisition Offer from Hallmark Despite Slowed Economy, Employee Benefits Remain Stable in 2008 HCC Forms Earthquake Division and Crime Coverage Bond Unit Lockton Affinity Names Ziegler Chief Operating Officer Reinsurers Wary of Low Returns, Reserving Trends, Storms to Come Feds Warn 16 Mining Companies over Safety Issues MBIA Says Moody’s Downgrade May Force $7.5 Billion in Payments Nursing Homes Battle to Retain Mandatory Arbitration Clauses Ratings: Argonaut, MAPFRE (Fla.), Pekin, Penn National, AXA Art, Tennessee Farmers, ALPS, BancInsure Oracle to Buy Another Insurance Software Maker: Skywire Supreme Court Says Conflict Exists in MetLife Benefits Case ACE USA Launches Supplemental Property Coverage Chubb Announces Executive Promotions Parents Sue Companies Over Baby Bottles Maryland Court Wrong in Condo Ruling Judge Approves $11M Settlement in Virginia Tech Shootings XL Insurance Adds New Green Building Product McCarthy to Lead Willis’ Construction, Real Estate Claims Ratings Roundup: Agri-Business, Vantapro, Sooner, Intrepid, Columbia PCI Hires Gordon as Senior VP of Policy Development and Research Analyst Sees U.S. Insurers’ Q2 Hurt by Flood Claims McCain, GOP Governors Split Over Disaster Fund The Hartford, Whalen Insurance Offer Brew Pub Program U. S. Department of Agriculture Mulls Over Options on Midwest Flood Aid Flood Damage Not Limited to ‘Flood Zones’ Feds Hire More than 300 New Coal Mine Inspectors Best Lowers Some AIG Ratings; Comments on Management Changes S&P: Pros And Cons of a U.S. Federal Natural Catastrophe Backstop AIG Ex-CEO Severance Seen As High As $68M Trade Group Names Senior Vice President, Policy Development Insurers Could Be Hit by U.S. Midwest Crop Loss Claims U.S. Risk Offers In-Store Medical Clinic Coverage Bank Insurance Brokerage 1Q Earnings Hit Second-Highest Level Ever AIG Chief Sees ‘No Sacred Cows’ in Turnaround Plan Insured Property Value in Hurricane-Prone States to Double in 10 Years Willumstad Replaces Sullivan as AIG CEO Travelers Hires Woodward Feds to Require Airtight Refuge Chambers in All Coal Mines Survey: Despite Need Only 17% of Americans Have Flood Insurance Ratings: Commerce, Aspen, Med Mutual, Kodiak, Hermitage, ProAssurance, US Liability, Provident, Hereford, Polish Roman Best Affirms Berkshire Hathaway’s Homestate ‘A++’ Ratings Fitch: U.S. P/C Industry Shifts To Modest Underwriting Loss In 2008 State Insurance Regulators Lend Conditional Support to Federal Office Best Affirms Am Trust Group Ratings; Revises Outlook to Positive Best Affirms Hanover Group’s Ratings AMS Parent Vertafore to Acquire Licensing, Compliance Vendor Sircon S&P Comments on Potential Impact of Ambac, MBIA Downgrades Philadelphia Cos. Launches New Apartment Product Judge Rules for Insurer Allianz in WTC Subrogation Dispute Travelers Promotes MacLean to President U.S. Risk Promotes Schwartz, Hobbs Analysts: Insurers Equipped to Weather Subprime Mortgage Crisis Ratings: Willis, Erie, Farmers-Flemington, Am. Resources, Am. General, Stnd. Mutual, Wisconsin County Midwest Flooding Forces Evacuations, Bridge Closings, Business Shutdowns HSB InSight Addresses Inadequate Business Property Valuations As Gas Prices Soar, Drivers Urged to Seek Insurance Rate Relief Mold: Underwriters Endorsing CGL to Remove Coverage Food Safety Fears Rising in U.S. as Tomatoes Become Latest Scare AmWINS Introduces Commercial Auto, Trucking Programs Navigators Group Launches Umbrella Unit; Jonas Named V.P. U.S. Supreme Court to Hear Philip Morris $79M Damages Appeal AIG Offers Pollution Liability Insurance for Contractors S&P: Investment Opportunities Still Exist For Insurers, Despite A Troubled Market Liberty Mutual, Negley Offer Behavioral Health Care Agency Package S&P Lowers Willis Ratings to ‘BBB-’; Outlook Negative Ratings Roundup: Commerce, So. Carolina Farm Bureau, Employers Re, American Sterling Willis Sees Deal to Buy HRH Raising U.S. Revenue Hispanic Workers Have Higher Risk of Death on the Job Willis Buying HRH for $2.1 Billion; Conference Call Today Crane Industry Groups Push for National Standards Study: Teen Drivers Often Ignore Bans on Using Cellphones and Texting Safeco Teen Driver Program Rolled Out Nationwide U.S. Risk Relocates Lighthouse Programs; Mordarski Named Manager Fireman’s Fund Offers Green Auto Insurance for Commercial Fleets Domestic Workers Organizing, Suing to Win Workplace Benefits Court Affirms AIG Must Give Ex-CEO Greenberg Access to Files Ratings: Mercer, Hallmark, Auto Club, Southern States, Meadowbrook, Iron Horse, Courtesy, Alabama Muni, Am. Millers Swett & Crawford Introduces Claims Dispute Coverage Insurance Commissioners Aim to Alleviate Insurance Misperceptions HRH Promotes Crowley to New Role as President, Chief Operating Officer U.S. Lawmakers Question Regulators on Vehicle Roof Strength Rules House Panel to Hear Federal Insurance Office Proposal June 10 Hanover Extends School Insurance Program to 4 More States Study: Businesses Making Early Offers for Injury Claims Save Max Specialty Acquires Guaranty Casualty to Write Admitted Business Analysts: U.S. Insurers Sitting with Excess Capital Face Rocky Road Final Call: Rate Your Regional vs. National Insurers How Hartford-Progressive Alliance for Banks Works Best Affirms Travelers ‘A+’ Ratings Property Casualty Insurers Association Hires Sr. VP of Public Affairs Insurers Blast Insurance Regulators as Closed to Open Dialogue Liberty Mutual-Safeco Deal Clears Antitrust Hurdle The Hartford, Allianz, Aflac Named Among World’s ‘Most Ethical’ Firms SignagePro from NIP Programs Targets Sign and Display Industry HSB Offers Data Compromise Coverage for Small to Mid-Size Firms States Allow Firms Purchased by Aon to Phase-Out Contingent Commissions FEMA Draft Plan Revisits Use of Trailers for Disaster Victims Colorado Researchers Predict 8 Atlantic Hurricanes, 4 Major Fitch Affirms State Farm’s ‘AA+ Ratings; Stable Outlook Survey: Nearly Half of Americans Unprepared for Disasters HRH Risk Consultant Authors ‘Idiot’s Guide’ to Students’ Safety on Campus U.S. Class Action King Weiss Sentenced to 30 Months in Jail U.S. Risk Names Stanislaw to Manage StaffPak Program Burns & Wilcox Launches Green Impact Products Agents and Brokers: Rate Your Regional vs. National Insurers RMS Launches New U.S. Hurricane Loss Index State Insurance Regulators Approve Municipal Bond Credit Rating Reform Highway Crash Injuries in U.S. Continue to Decline Every Year Ratings Recap: Safe, Philadelphia, Premier, Starr Indemnity, Hanover, LUBA, Premier, American Underwriters S&P Keeps Nationwide on CreditWatch U.S. Judge to Sentence Class Action King Weiss Insurance Commissioners, Fireman’s Fund Execs Address Climate Change U.S. Court Approves Pet Food Maker’s $24 Million Lawsuit Fund Diorio, Majsak Named to Top Posts at General Star Chief Financial Officer Bartley Leaving Marsh & McLennan New IMARC Data Score Rates Insurers’ Hurricane Risk Assessment Why Cell Phones and Driving Don’t Mix MetLife to Split Off Its 52% Stake in Reinsurance Group PPIB Offers Cosmetic Products Liability Program National News Archives
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