National News for September 2005 Safety Belt Use Hits Record High Progressive’s Drive Web site Attracts One Million Visitors Arch Insurance Redesigns Web site Mold Proves Yet Another Challenge in Wake of Hurricanes Fireman’s Fund Reports Single Deductible on Katrina, Rita Claims National Symposium on Future of Terrorism Risk Insurance Set Hilb Rogal & Hobbs Names Crowley as President Guy Carpenter Unveils CAT Mapping Tool to Assess Katrina Losses Lloyd’s Syndicate to Offer Identity Theft Insurance Coverage Letter to the Editor: FMCSA Says Article Based on Speculation, Not Fact AirSure Ltd., Aero Insurance Merge Spitzer Issues St. Paul Travelers Subpoena on Workers’ Comp Premiums InsWeb Launches National Lead Generation Program Schinnerer Unveils Professional Liability Guide for Clients Actuaries Say Med-Mal Report Misled the Public Marsh: Excellent Response Received from Clients Participating in Comp Fund Best Report: Excess & Surplus 2005 – Premium Growth Decreases Amid Softening Market Fitch: Hurricane Rita Won’t Cause Widespread U.S. Insurance Company Rating Changes Big ‘I’ Adopts Insurer Disclosure Policy Report Discusses Hurricane Katrina’s Impact on the Construction Industry Merck Scientist Testifies on Concerns About Vioxx Safety, Pressure from FDA Judge Approves ‘Historic’ $6.1 Billion WorldCom Settlements RMS Model Shows Increased Risk of Extreme U.S. Terrorism Losses Aon Corp. Selling Swett & Crawford to Investor Group Darwin, PGU Offer Specialty Coverages for Public Entities Assurant Obtains Added Reinsurance Coverage GlaxoSmithKline Agrees to Pay $150 million to Settle Fraud Case Congress Asked to Shield Volunteer Contractors from Liability Beazley Offers Employment Practices Liability for Mid-Sized Firms Report: After Katrina, What’s Next for the Insurance Industry? Physicians Mutual Waives Cancellation Policy, Extends Grace Periods for Katrina Victims NAIC Reports Multi-State Regulatory Settlement with Marsh & McLennan Cos. Insurance Commissioners To Form National CAT Insurance Program An Open Letter to the Insurance Industry Seeking Assistance for Independent Agents Devastated from Hurricane Katrina AIG: Q3 CAT Losses Expected to be About $1.1B After-Tax 2010: The Road Ahead for Surplus Lines Wholesalers Despite Drop in Workplace Injuries, Financial Impact Remains Significant Independent Agents Have Beaten the Internet; Now Face Opportunities in Exchanges IIHS Reports Several Minivans Fare Poorly in Crash Tests NAIC Releases 2006 Budget Fitch: Katrina Causes Unprecedented Challenges/Risks for P/C Insurers U.S. Chamber Says Litigation Outbreak Will Slow Katrina Recovery Efforts Hudson Environmental Insurance Program Available in Most States Former President Clinton Urges Terror Insurance to Spur Private Investment Hurricanes Getting Stronger Even as Worldwide Total Drops Fireman’s Fund Warns About Bogus Surety Bonds Marketed Under Its Name Drivers in 15 States Pay In Excess of $1,000 for Automobile Coverage National Alliance Picks Two Outstanding CSRs for 2005 N.Y. AG Spitzer Indicts Former Marsh Execs for Roles in Bid Rigging, Fraud Plaintiff Attacks Merck on Safety at Second Vioxx Product Liability Trial AmWINS Signs Definitive Deal to Sell Majority Interest to Parthenon Capital Industry Opens Hurricane Insurance Information Center William Gallagher Associates Taps Kearney to be Executive VP RRGs Need Uniform Rules, Better Member Safeguards, Argues Federal Report IICF, Insurance Journal Partner to Help Katrina Victims HCC Estimates Katrina Loss at $160M ASCnet’s Disaster Response Plan Helps Agents in Katrina’s Wake Congress Boosts Flood Program Borrowing to Cope with Katrina Claims Congress Eyes Tax Changes to Aid Hurricane Victims HCC Credit Group Announces New Underwriting Team Manaka Appointed to Chair Diversity Task Force Survey Reveals Bikers’ Concern as Motorcycle Theft Rates Increase Berkshire Hathaway’s Buffett Tops Most Underpaid Industry CEO List Endurance Names New Head of Professional Liability for U.S. Reinsurance; More Appts. Noted Fitch Moves 5 Insurers to Rating Watch Negative Following Katrina Hilb Rogal & Hobbs Appoints New CFO American Physicians to Waive Liability Premiums for Katrina Volunteers Presidents Panel Discusses Industry Trends, Effects of Katrina at Young Agents Conference Big ‘I’ CEO Panel Addresses Disaster Preparedness, Future of TRIA PIA National Gives $100,000 to La., Miss., Ala. State Affiliates Gold Seal Unveils Full Product Line at Big ‘I’ Convention Google Settles Rest of Geico Suit Excess Lines Claims Annual Conference Sept. 21-24 Gen Re CEO May Face SEC Fraud Suit MMC Names Storms Chairman, CEO of Marsh; Caulfield Appointed at MHRC New Orleans Flood Adds $15-$25B in Hurricane Katrina Insured Losses; Total Estimated Losses Rises to $40-$60B FEMA’s Brown Being Taken Off Hurricane Katrina Operations National Alliance Establishes Disaster Relief Scholarship Fund New Report Warns of Rising Threat to Industry from Climate Change NASDAQ to Add Carpenter Moore, Management Liability Specialists Snyder Joins Guy Carpenter Marsh Inks Definitive Agreement to Sell Crump Group AIG Programs Names The Distinguished Programs Group to Oversee Property Owners Program CPCU Society Establishes Katrina Emergency Relief Fund I.I.I. Unveils New Web Site Safeco Launches Special Relief Effort in Response to Hurricane Katrina InsurBanc Names Merrill Lynch’s Tralka as President, Succeeding Herlihy Aon Warns of Agribusiness Hits in Wake of Katrina Chubb Establishes $1 Million Relief Fund for Hurricane Katrina Disaster New Orleans-based GEB Insurance Weathered Katrina; Taking Claims in a Mobile Emergency Unit in Baton Rouge Report Says U.S. Insurance Industry Loses More than $16B in 2004 on Auto Premium Rating Error Target Insurance Offers New Lawyers PL Program from The Hartford RMS Revises Hurricane Katrina Loss Estimate to $20-$35 Billion UPDATE: Official Katrina Death Toll in Louisiana Nears 60; Many Homes Still to be Searched Regulators Say Industry Prepared for Katrina’s Cost Insurance Journal Makes Texas/South Central, Southeast Issues Available Online Free of Charge Due to Katrina IMCA Elects 2005-06 Officers, Directors Big ‘I’ Forms Katrina Relief Fund ‘Casual Friday’ Kicks Off NAMIC ‘Hurricane Katrina Relief Fund’ to Aid the American Red Cross RMS Totals Economic Loss for Katrina at $100 Billion+ Survey: Auto Insurance Buyers Continue to Use Internet More Often Industry Reaches Out to Lead Hurricane Katrina Recovery Efforts DKI Backs American Red Cross Efforts for Gulf Coast Fitch: Katrina May be Most Costly U.S. Insured Loss Ever Hundreds of Adjusters Traveling Toward Damaged Areas, But Have Few Places to Stay PCI Stresses Patience as Help Flows to Katrina Victims Congress Considers Emergency Session Regarding Hurricane Aid; Economy Takes Hit Best: Most Insurers Will Meet Hurricane Katrina’s Financial Commitments InsurBanc Offering Short Term Loans To Agencies Hurt by Hurricane National News Archives
Sign up to receive insurance news alerts!
Andrea WellsAgency Compensation Playbook: 2013 Agency Salary Survey
Andrew G. SimpsonHow Process Improvement Drives Agency Profitability
Stephanie JonesThe Acquisition Cycle
Don JerglerIndustry Predictions
Chris BurandReasonable Compensation
