National News for February 2012 Moody’s Must Face Whistleblower Analyst’s Retaliation Claim Taxpayers See Gain As New York Fed Sells Last of AIG Bailout Bonds BP Seeks Settlement with Oil Spill Plaintiffs Low-Cost Online Commercial Lines Quoting Tool for P/C Agents Launched Navigators Launches Wholesale Unit Social Media Patent War Looms as Yahoo Threatens Facebook In Win for BofA, $8.5B Mortgage Settlement Sent Back to New York Court Supreme Court Weighs Foreigners’ Claims Against Corporations Surplus Lines Analysis: Multistate Clearinghouse Economics Don’t Work Insurance Highlights from Buffett’s 2011 Letter to Berkshire Shareholders Forecasters Unsure What to Expect This Tornado Season Trial Date Set for Insurance Fraud with Ties to Frankel, Vatican White House Internet Privacy Bill of Rights Met with Skepticism Buffett Adds to Bullish U.S. Economic Recovery Signals BP Oil Spill Trial Delayed for Settlement Talks Ratings Roundup: McMillan-Warner, Republic, School Boards 6 Things I Learned from Reading Steve Jobs Authorized Biography CORE Underwriters Launches Habitational Program Tornado Chasers Prepare for High Season P/C Insurers Face Obstacles on Road to Hard Market Complex Trial Over Blame for Gulf Oil Spill Set to Open Bankers and Their Insurers Escape Big Penalties in FDIC Prosecutions AIG Posts Huge Q4 Profit on Tax Benefit; Chartis Reports $348M Income Survey: 51% of Insurers Expect to Increase Staff in 2012 Insurance Plays Key Supporting Role in Movies Starr Launches White-Collar Disability Coverage Maritime Program Group Introduces Motor Truck Cargo Coverage Judge: BP, Anadarko, Transocean May Be Liable for Oil Pollution Claims AIA’s Snyder Describes Korea Trade Pact as ‘Excellent Model’ Professional Underwriting Group Provides Insolvency Carve Back The Hartford’s AARP Program Looking for Agents U.S. Drops Major Anti-Bribery Prosecution U.S. Firms Seek Clarity on Anti-Bribery Law Atypical P/C Executive: Chartis CEO Hancock on Fear, Regulation, Science and More There’s an App for That: Mobile Phone Quoting Ratings Roundup: Plateau Group, Gerling America Best Affirms American Safety Insurance Holdings and Subs Ratings Allied World U.S. Creates Mergers & Acquisitions Division RAND Study: Ending Individual Mandate Would Cut Coverage, Hike Government’s Costs HCC Specialty Offers Excess Product Contamination Coverage U.S. Should Expect Another Above-Normal Tornado Season in 2012 5 States May Intervene in California Honda Small Claims Case Mitsui Unit to Pay $90 Million Over Gulf Oil Spill Feds Seek Limit on Vehicle Electronics to Curb Distracted Driving Cruise Ship Industry Leaves Crash Victims Little Hope for Recovery Five Star Healthcare Adds Managed Care Coverage P/C Industry Disputes Consumer Group’s Claims It’s Avoiding Risk Wells Fargo Restructures Into 7 Regional Insurance Operations Obama Budget Bolsters Intellectual Property Enforcement Citigroup Mortgage Insurance Whistleblower: ‘I Have No Regrets’ Brownyard Launches Pest Control E&O Coverage U.S. Seeks Ways to Reduce Excessive Medical Testing Inland Marine Underwriters Association Announces New Board Chairman Underage Drinkers Run Up $750 Million a Year in Hospital Costs Lexington Offers International Student Tuition Income Loss Coverage Roberts to Retire as General Star, Genesis CEO; Jones Named Successor XL and Hays Affinity Launch Dental Professional Liability Program BofA Mortgage Securities Case Still Winding Its Way Through Courts Beyond Golf: P-U-T-T-E-R’s the Name of the Game in E&S World Travelers Expands Telematics Options for Business Fleets Pitney Bowes Develops Wildfire Risk Software AIG In No Rush to Sell Key Assets: CEO Benmosche Trucking Industry Fights Obama Rules on Driver Fatigue 100-Year Storms May Happen Every 3 to 20 Years: MIT-Princeton Research Ironshore Brings Lloyd’s Political Risk Coverage to U.S. Market Senators Renew Push for Cybersecurity Law Safety, Security at Bio Labs Open to Interpretation, Not Matter of Law China Agrees to Open Up Auto Insurance Market Ratings: Concord Group, Mountain States, Atradius Trade Credit, Young America Marsh & McLennan Posts $256M Q4 Profit, Up 26% From Prior Year Appalachian Provides Umbrella Quotes for Demotech Rated Carriers Practice Doesn’t Make Perfect in Making Decisions About Risk XL Group Launches Product for Construction Equipment 41 Senators Urge Action on Flood Insurance Reform Norman-Spencer Takes AquaPac Program Nationwide Wall Street Fights Back vs. Expert Witness in Lawsuits A Valentine’s Kiss Warning: Lead Poisoning! BP Wins Dismissal of Part of Investor Lawsuit Over Gulf Oil Spill February Offers Opportunities for Boat Insurers Obama Budget Seeks Higher Taxes on Big Business Starr Introduces Mentoring Program for Aviation Clients Banks Still Face Legal Claims After $25 Billion Settlement 5 Big Banks, States Agree on $25 Billion Home Mortgage Deal Has Pet Insurance Become a Necessity? BP Wins Ruling Keeping Prior Accidents Out of Gulf Spill Trial Companies Partner to Offer New Elevator Insurance Program Liberty International Underwriters Launches Cyber Liability Products Have Insurers Lost the Capacity to Run an Underwriting Profit? ACE Enhances Tank Coverage Holdout States Expected to Join Mortgage Bank Deal NAS Unveils Network Security and Privacy Program for Schools Beazley Simplifies D&O Purchases for U.S. Multinational Companies Report: Active 4Q Pushes 2011 Cat Bond Issuance Over $4 Billion American Specialty Introduces Workers’ Compensation Program Insential and American Safety Introduce Hospitality Program Marsh and Allied World Launch Coverage for Corporate Officers Moody’s Changes Debt Ratings of Insurance Brokers & Service Cos. The Hartford Reports $127M Q4 Profit, Down 79% From One Year Ago Daredevil CEOs May Put Companies at Risk AIG Reviewing Succession as Chairman Takes New Job Best Upgrades Fremont Ratings; Affirms Auto Club Group, P/C Members Insential Unveils Home Value and Involuntary Unemployment Protection Allstate Readies Homeowners Product for More States ACE and gplink Launch New Yacht Coverage EMC Insurance Rolls Out Data Compromise Product Mercury Insurance Launches Commercial Auto Product 8 States to Hold Earthquake Drills Today BP Preparing ‘Vigorously’ As Start of Gulf Oil Spill Lawsuits Nears Not All States Sign $25B Settlement Giving Banks Lawsuit Protection Investors Suing Bank of America Win Class-Action Status Accident Fund Holdings Launches Narcotics Program for Injured Workers Nationwide Adds Software Protection to Identity Theft Insurance Ironshore Specialty Casualty Introduces Program for Firearm Risks Aon Revenues Up 3% in Q4 P/C Insurers’ Combined Ratio for 2011 Estimated at 107.5% Carlyle Group Drops Controversial Arbitration Requirement for Shareholders Mine Safety Chief Seeks to End Complacency Over Safety Whistleblower Law Does Not Protect Mutual Fund Employees: Court Judge Certifies Investor Class Action Against Goldman Sachs Aon Expands U.S. Tenant Rent Default Offerings XL Enhances Real Estate Portfolio Protection BB&T to Acquire P/C, Life Insurance Units of Wholesaler Crump Group Coal Mines Becoming Safer But Some Still ‘Don’t Get It,’ Says U.S. Regulator Insurance Fund Would Aid Farmers, Ranchers Still Owed $100M by MF Global Senate Bill on Iran Sanctions Targets Banks, Subsidiaries, Insurers XL and Affinity Team up to Cover Golf Clubs Federal Insurance Office Says Overdue Regulation Report Still Weeks Away Allstate Doubles Q4 Profit Brokerage Schwab Hit with Complaint Over Client Lawsuit Waivers Major Companies Keeping Cyber Attacks Secret from SEC, Investors: Report Super (Insurance) Coverage for the Super Bowl Nuclear Accidents Pose Little Risk to U.S. Health, Say Regulators AMS RRG Launches Plastic and Aesthetic Surgery Program New Tool Helps P/C Insurers Manage Volatility of Catastrophe Models Willis Exec Touts Captives As Key Tool in World of Changing Risks Office Super Bowl Pool? 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