National News for December 2011 E&O Insights: Enhance Your Errors & Omissions Culture in 2012 Ratings Roundup: Gramercy, Southern Trust Court Upholds Law Giving Telecom Firms Immunity for Surveillance Is It Time for Permanent Yearly Calendar, Single Time Zone? Despite Losses, Insurers Not Hiking Prices Broadly Fire Risk Lower in High-Rise Buildings: Report Breathe New Life into Your Old Performance Review Tactics How One Independent Agent Tried to Off the GEICO Gecko BancInsure Partners with KnightBrook for Financial Institutions Insurance Adjusters Brace for Cold Weather Claims Publishing Association Launches Insurance Product for Members Auto Insurance Claim Costs Rising Again Appeals Court Delays SEC-Citigroup Securities Fraud Case Court OKs AIG’s $450M Settlement Over Underreported Workers’ Comp Premiums FEMA to Give Partial Credit for Substandard Levees in Drawing Flood Zones MetLife to Sell Bank Unit to GE Capital Allstate Revises Agent Compensation Plan Catastrophes Erode P/C Insurers’ Results for 9 Months of 2011 Obama Administration Decides Against Lowering Trucker Daily Hours Federal Flood Insurance Reauthorized Until May 2012 Ex-NFL Players Sue League Over Brain Injuries U.S. Airlines and Lost Luggage Liability Esurance Debuts First Ad Campaign Since Being Bought by Allstate Sex, Dogs and Heads That Rolled Among Top Insurance Journal News Stories in 2011 Ironshore Names Boren Head of U.S. Field Operations Mines Must Disclose Safety Violations to Investors Under New SEC Rules E-Trade, Insurers to Settle Mortgage Class Action Lawsuit for $79M Ratings Roundup: Heritage, Euler Hermes (US) Best Affirms Ratings of Beazley Insurance Company, Inc. New Madrid Quake Cost = $110 Billion Impact Today AIR Reports BofA’s Countrywide to Pay $335 Million to Settle Bias Case State Insurance Regulators Name 28 Consumer Representatives Report: Recent Advances in Casualty Catastrophe Models Help Insurers Fed Proposes Rules to Restrain Wall Street Risk-Taking Aon to Pay $16.2 Million to Settle Bribery Charges Study: Private Insurers Can Complement National Flood Insurance Hurricane Forecaster Delays 2012 Prediction Until Spring Get Ready to ‘Face’ the Next Wave in Marketing: Mavatars Best Comments on Allianz U.S. Operations Rating Actions Best Affirms FSR’s; Downgrades ICR’s of Allianz U.S. Units; Ratings on Review/Negative Best Puts Fireman’s Fund Companies on Review/Negative; Affirms Ratings Administration Grants States Leeway on Health Benefits Package Financial Services Oversight Rules Possible This Week Supreme Court Schedules Obama Healthcare Arguments OneBeacon Professional Insurance Expands Coverage for Lawyers Deficit Poses the Biggest Threat to U.S. Healthcare Moody’s Corp. Acquires Barrie & Hibbert Ratings Roundup: MAPFRE USA, AXA US, OPIC Offers New Political Risk Insurance Risk Managers Find Santa Exposed, Urge $1 Billion Coverage Plan Best Places Aviva’s U.S. Subsidiaries Ratings under Review/Negative Best Upgrades First Hawaii Ratings to ‘A’ on Tokio Marine Takeover Highway Safety Institute Lists a Record Number of Top Safety Picks Distracted Driving Stems From More Than Cell Phone Use, Insurers Say U.S. Healthcare Law Keeps More Young Adults Insured Chinese Drywall Settlement Could Reach $1B You’d Better Watch Out – Many Holiday Party Hosts Ignore Safety Issues RIMS Tells Treasury: Industry Needs More Uniform, National Regulations Fitch Says Insurers’ Capital Position Is Strong, Issues Stable Outlook Frank Crystal & Co. Establishes Art Finance Group Athletic Union Vows Changes to Child Safety Policy Scientists Urge New Approach to Offshore Drilling Safety National Transportation Board Recommends Ban on Driver Cell Phone Use Best Practices to Prevent Employee Fraud in a Recession Ironshore Names Tracey as VP, Specialty Casualty Gov’t Says Holiday Decorating Injuries on the Rise Judge Tosses JPMorgan Lawsuit Against Insurers Mutual Insurers Pleased with FDIC Rule Clarifying Dodd-Frank Willis Launches Global Insurance Placement Tool Torus Enters U.S. Surety Market Best Places Ratings of First Sealord Surety Under Review/Negative Chubb Creates Online System for Private Companies and Nonprofits All Risks Ltd. Set to Offer New Market for Charter Buses SEC Sues Brokerage Insurance Fund Over Stanford Victims’ Claims Bulk of U.S. Data Theft Linked to Few Chinese Hacker Teams Report Says M&A Deal Flow Will Pick Up, Lists Potential Candidates Citigroup to Sell Remaining Stake in Primerica The Next Big Thing in Insurance Coverage Is Here Hanover Insurance Executive Elected Co-Chair of Anti-Fraud Coalition How to Attract Carrier Attention on Program Business Perpetuation: It Isn’t Just a Money Thing Online Portal Aims to Connect Independent Agents with Consumers Supreme Court Schedules Healthcare Law Briefs Federal Judge Rules Blogger Not Journalist in Defamation Case Government Study: Texting by Drivers Up by Half in 2010 Green Retrofitting Surpasses New Green Construction for First Time NHL Says Brain Ailment Evidence Is Lacking Do Actuarial Models Influence P/C Underwriting Cycle? Wishes & Predictions Survey 2012: Participate Now Fireman’s Fund Bushnell Named to U.S. Green Building Council Board Professional Program Insurance Brokerage Launches Yoga Product Despite Consensus, Politics Stymies Federal Flood Reform American Safety Enhances Contractors Pollution Liability Package Washington Gridlock Continues Over Consumer Financial Protection Agency 70 Million Drivers Missing Out on Car Insurance Savings: Insurer Zurich Names Dailey to Executive Committee; Farmers Group CEO Lloyd’s Study Finds U.S. Businesses Concerned with Talent, Skills Shortage Terrorism Risk Still a Concern in Insurer Ratings: S&P FEMA Supports Allowing Disaster Aid Requests by Tribal Governments Senate Approves Flood Insurance Extension to May 2012 Want to Reduce Cyber Risk? Avoid These 25 Worst Passwords of 2011 Crump Adds Personal Guarantee Insurance P/C Insurers Lost 900 Jobs in October, Labor Department Data Shows Ryan Specialty Announces New Transactional Liability Facility Conning Names Bradford CEO Markel to Acquire Program Administrator Thomco Graduated Driver Licensing Could Save 2,000 Lives, $13.6 Billion: Study Greenberg Honored for China-U.S. Relations Supreme Court to Hear Personal Medicine Patent Dispute Best Downgrades Wisconsin Re’s Ratings; Revises Outlook to Negative GM Close to Possible Volt Battery Fires Fix 5Star Specialty Programs Expands Auto Dealer Product Western Heritage Creates Garage Division Healthcare Execs Facing ‘Responsible Corporate Officer’ Strict Liability BP Accuses Halliburton of Destroying Gulf Spill Evidence U.S. Power Grid Needs Cybersecurity Protection: MIT Report Chubb Adds New Coverages to Private Company Program ProHost Launches Employment Practices Coverage for Restaurants U.S. P/C Insurers’ Catastrophe Losses Top $38 Billion Senate Asked to Renew Flood Program Until Sept. 2012 Lawmakers Block Safety Rules for Lithium Battery Shipments 2011 Hurricane Season Spared Usual Targets While Flooding Northeast Aon to Close Agency Specialty Product Network (ASPN) by Year’s End In Slow Economy, Injured Workers May Find It Harder to Return to Work Are You Prepared for the Changing Insurance Market? Turning Construction Red Flags into Opportunities Judge Dismisses Lawsuit Non-U.S. Claims Against Toyota Property Insurance Rates on the Rise: Marsh Aspen Enters Recreational Marine Market Aon Introduces Tenant Rent Default Coverage Can Claims Handling Cause an Errors & Omissions Claim? How to Produce and Keep Happy Claimants Sweeney Retires; McKay Named CEO of U.S. Aviation Underwriters Geithner Hits Attempts to Weaken Wall Street Reforms Genstar Completes Acquisition of Insurity from LexisNexis Most Health Insurers Meet Controversial Medical Loss Ratio National News Archives