National News for October 2005 Allmerica Changes Name to The Hanover Insurance Group CPCU Society Names 2005-06 Officers and Governors Duane Morris and Hancock Rothert & Bunshoft Law Firms to Merge Tort Reform Legislation Passes House, Moves to Senate PIA National Debuts Spanish Web site Sale of AmWINS Majority Share to Equity Firm Finalized U.S. RE Takes Lead on Public/Private Facility for Terrorism Reinsurance Chubb Adds Risk Management Services for Affluent Clientele Defense Lawyers Call for TRIA Extension as Dec. 31 Approaches Troxel Resigns as Institute’s President and CEO St. Paul Travelers Reports Q3 Results Chubb to Offer National Equipment Register Services to Policyholders RMS Ups Wilma Loss Estimates Maritime Agency Expands Charter Boat Program to Include Small Boats CNA Reports Q3 Results AI Risk Introduces Admitted Architects & Engineers Policy Amendment Defunding Crop Insurance Plan Included in Agriculture Bill Fitch: Hurricane Wilma Further Strains a Delicate Florida Insurance Market Study Finds Only 18% of Americans Approve of Insurance Industry’s Job Post-Hurricane Katrina Iuppa Addresses Future of Regulation at PCI Meeting Jury Finds N.Y. Port Authority Can Be Sued Over ’93 Trade Center Bombing Katrina: The Long Road to Recovery Best Practices Report Outlines Tips for Effective Use of Agency Technology Best Comments on Wilma’s Potential Impact on the P/C Industry RAND Study Supports TRIA Renewal NIP Responds to Disaster-Stricken Specialty Property Market RMS Estimates Wilma Insured Losses Will Total $6 Billion-$10 Billion Parents Can Influence Teen Drivers by Setting Limits S&P Sees No Effect on Fireman’s Fund Ratings After Reserve Increase S&P Comments on Wilma’s Potential Impact on Florida Coverage Oxley “Totally Committed” to TRIA Reauthorization HCC Holdings Buys Lloyd’s Syndicate Manager Illium Commercial P/C Market Gets Ready for Post-Katrina Price Increases Abramson Elected ASCnet President Online Database Identifies Vehicles Damaged by Hurricanes New Report Cites Lessons Learned from Hurricane Katrina New Shield Law Could Erase Current Lawsuits Against Gun Makers Conference to Headlight Deer-Vehicle Crash Hazard Research Agents Call for Improvements to Federal Flood Program RIMS Benchmark Survey Reports Major Downturn in Commercial Rates Poll: Investors See Financial Governance Regulation As Too Lenient AIG Adopts Additional Corporate Governance Measures Study Accuses FEMA of Lax Implementation of Flood Program Changes Passed in 2004 AIG Risk Management Unveils New Program for Temp Staffing Industry AIA Throwing Support Behind U.S. House Legal Reform Efforts CNA Unveils Enhanced EPLI Coverage Study Finds Fewer Med-Mal Claims Against Hospitals and Physicians NAMIC Leader Lauds Links to State Insurance Trades Best’s Loss Control Manual Includes Risk Info on Public Bus Companies, Apiaries, and More Big ‘I’ Pleased with Senate Committee’s Look Involving Flood Program Best Removes Allmerica from Under Review; Assigned Stable Outlook A.M. Best: P/C Insurers Report Strong Gains for First Half of 2005 Wheeling Named Executive Director for Applied Systems’ User Group Starr Claims It’s Independent from AIG Merck Faces Surge of New Vioxx Lawsuits at Filing Deadline Regulators Approve Finite Reinsurance Disclosure Requirements Markel American Partners with BMW MOA on Endorsed Insurance Program Lexington Insurance Set to Drive with New Suite of Policies for Motor Carriers Insurance Information Institute Adds Three to Research Staff Hurricanes Slow Aviation Premium Cuts, Report Says IGA Endorses Argonaut Group’s Grocers Insurance Van Aartrijk Group Unveils Service Promoting Agencies to Consumers NAMIC Welcomes New Board Members Loss Reserves, Risk Transfer, Reg Capital Models Among Topics at CAS Meeting in November NAMIC Not Part of Group Submitting Alternate Proposal to NAIC on SOX-Like Internal Control HCC Insurance Holdings to Acquire GM’s Life Insurer Former Marsh CEO Reportedly Building Fund to Invest in Insurers National Banks Hail Court Win Vs. Spitzer Affirming Federal Regulation Lincoln National to Buy Jefferson Pilot for $7.5 Billion New Report Gives Tips for Railroad Transport Insurers NAIC Market Analysts ‘Mars’ Now Available for State Market Analysts New Tax Law Eases Loss Limitations for Katrina Victims AIG Excess Casualty to Offer Coverage for Risks Insured with Insolvent Carriers ACE USA Forms Energy Risk Unit All-Terrain Vehicle Deaths, Injuries Reported On The Rise Gen Re Ex-CEO May Face SEC Suit Berkley Updates Q3 Losses Brownyard Ups Limits for Umbrella/Excess Liability Program SEC Eases Capital Rules for Insurers Tillinghast: Hurricane Katrina Will Cost Record-Setting $40-$55B for Privately Insured Losses AIG Investment Manager, Two Others Charged in Foreign Bribery Scheme Chubb Estimates Q3 CAT Losses Symposium on the Future of Terrorism Risk Insurance Kicks Off, Oct. 7 Aon: Private Insurance Market Will Fail Without Some Form of Public Backstop Against CAT Terror Losses Aetna Expanding Workers’ Comp Network; Now Covers 17 States Record First-Half, Surplus Boost P/C Insurers’ Ability to Pay Hurricane Losses Hurricane Katrina Will Not Disrupt Market, Insurers Say Chubb Adds Online Tool for Contractors’ Equipment Risks Health Care Quality Up Among Reporting Plans; Enrollment Continues to Shift Toward Consumer-Driven Plans OneBeacon Closes Sale of National Farmers Union to QBE Farmers Insurance Reports Katrina Losses Within Yearly Figures ISO: Preliminary Insured Losses from Katrina at $34.4 Billion Chubb Unveils E&O Policy for Large Financial Institutions Liotta Joins Willis Re U.S. Specialty Practice Poor Fundamentals in Hurricane Prone States Should Lead to Significant Change, Study Says Court: Accountant Responsible for Full $183 Million Judgment From Ambassador Collapse AIG Seeks $18 Billion in Stock from Greenberg’s Starr International National News Archives
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