National News for May 2009 Obama Financial Reform Plan Faces Tough Road Ahead USG Insurance Offers Auto Dealerships in Liquidation Program New Director Leads AIG CEO Search Obama Regulatory Overhaul Features Fed Reserve, FDIC, Consumer Agency Office Oddballs Make Everyone Better Ratings Roundup: Hermitage/Kodiak, Catholic Order, Stonebridge Administration Debating Powers of Proposed Systemic Risk Regulator Best Revises Selective and Subs Outlook to Negative; Affirms Ratings AIG Selling Part of Stake in Reinsurer Transatlantic Via Secondary Offering Surplus Lines Brokers Report No Change in Capacity; Increase in Submissions WorkComp Institute Names Long as Agency Services Director Supreme Court Nominee Sotomayor Has Record in Business Cases U.S. Supreme Court to Hear Merck Appeal on Reinstated Investor Lawsuit The Hanover Bets Big on Specialty Lines Top 100 Agencies: Deadline to Submit, June 1 Finding New AIG CEO Won’t Be Easy, Say Consultants FDIC: New Fee System to Replenish Insurance Fund InsurBanc Offers Information on FDIC Changes Ratings: Rep. Western, Workmen’s Auto, Farmers Union, Town and Country, Sequoia, No. Am. Casualty Top 100 Profile: A Quiet Giant in The Leavitt Group Surplus Lines Regulation Reform Legislation Reintroduced in Congress National Insurance Producer Licensing Bill Reintroduced in Congress Obama Curtails Bush-Era Federal Preemption of States By Regulation Personality, Good Time Management Are Key to Claims Success Fire Departments Feeling Effects of Recession Forecasters Predict Average 2009 Hurricane Season Chubb Names Spencer COO, Accident & Health AIG CEO, Chairman Liddy Calls It Quits; Search On for 2 Replacements American Bar Association Endorses Navigators’ New Personal Umbrella Cunningham Lindsey U.S. CEO: Market Conditions Not Slowing Growth Republicans Explain Their Health Care Reform Plan Republican Health Care Reform Nixes Public Option, New Taxes Court Approves $843 Million for AIG Investors Hurt By Alleged Fraud U.S. Financial Product Safety Commission Proposal Still on Table AIG Names 6 Independent Directors Marsh Partners with Executive Search Firm to Increase Diversity Ratings Recap: Georgia Farm, Okla. Farm, State Auto, Premier, Medmarc AIU’s New ReBuild Insurance Serves Large Public Works Projects The Hartford’s Wolin Confirmed as U.S. Treasury Deputy Secretary Supreme Court to Hear Challenge to Sarbanes-Oxley Best Affirms Travelers Ratings; Changes Outlook to Positive Allstate Declines TARP Bailout Funds Economy Forcing Changes in Carrier Investments Bank of America Seeks Lawsuit Immunity from Fired Employees AAMGA Conference Update : What Does Washington Know About Surplus Lines Insurance?Forecaster AccuWeather Cuts 2009 Atlantic Hurricane Season Forecast Britt/Paulk Named Best Practices Program Administrator AAMGA Meeting LIVE : Dealing With Ups and Downs; IJ Reports on Twitter, Facebook Report Analyzes Threat to U.S. Coastlines Some Insurers Including Allstate Might Not Need Federal Funds Best Affirms American Modern and Subsidiaries ‘A+’ Ratings P/C Insurance Agents Battle Public Health Care Reform Option The Hartford Says It Will Not Sell P/C or Life Insurance Units Ratings Recap: Medical Mutual, Eastern, Kaufmann, Seaworthy Which Members of Congress Got Insurance Money In Last 2 Elections? Best Affirms AXA (US) ‘A-’ Ratings Hartford, Prudential Among Life Insurers Approved for Treasury Funds Insurance Exchange, Mandate, Public Option Among Democrats’ Health Ideas AAIS Filing New Forms, Loss Costs for Personal Inland Marine Insurance Top 100 Agencies: Deadline to Submit, June 1 Agents: Last Chance to Rate Regional Carriers in Insurance Journal-Sponsored Research U.S. Hurricane Center Applying Storm Surge, Other Lessons Learned Top 100 Profile: Locked into the Customer at No. 1 Lockton Obama Opposes Expanding Flood Insurance Program to Cover Wind Damage AIG Leaders Grilled on Bailout Repay at Congressional Hearing Brown & Brown, Navigators to Partner on Lawyers Liability Insurance Program USG Insurance Offers Miscellaneous Errors & Omissions Program Ratings: Allstate, Arrowhead, Nat’l. Lloyd’s/Summit, ISMIE Mutual, Greenville Casualty, Un. Farm Indiana Best Affirms Transatlantic’s ‘A’ Ratings State Insurance Regulators Say Health Care Reform Must Address Costs Health Groups Hope Savings Vow Wins Them Say in Obama Reforms HCC Insurance Holdings Names Donovan President of Aviation Division Mild Solar Storm Season Predicted But Major Damage Still Possible U.S. Justice Department Plans New Antitrust Effort Travelers Launches New Product for Building Services Contractors U.S. to Require Ships Sailing Off Somalia to Post Guards Kania Joins Liberty International Underwriters SEC Chief Backs ‘Systemic Risk Council’ Idea An Awakened Washington Promises More Stress for Directors & Officers 6 Steps For Agents to Take Before Soft Market Hardens Obama to Propose Changes to Taxes on Estates, Punitive Damages Ratings Roundup: DTRIC, Utica, Atradius NJ Professional Program Insurance Offers Beauty Shop Program The Hanover Gets Upgrade, Despite Lower Q1 Earnings Insurance Journal Launches Online Ad Showcase Elder Joins All Risks’ New REO/Foreclosure Property Program Louisiana, Alabama, Alaska, Mississippi, Nevada Rank Highest in Gun Death Rates No New Government Funds for AIG SEC Eyes Changes in Reporting of CEO Pay, Risk Management Practices U.S. Weighs Government Health Plan to Compete With Private Insurers AIG Reports $4.35 Billion Q1 Loss Best Removes Torus Specialty (Praetorian) Ratings from Under Review OneBeacon Launches Health Care, Non-Profit Management Liability Products HCC Insurance Holdings Names Molbeck as CEO Marsh Posts Q1 Profit As Lower Costs Offset Revenue Drop AIG to Post $5 Billion Q1 Loss FDIC’s Bair Says U.S. Needs Systemic Risk Council as Regulator AIG Performance Bonuses of $454 Million Disclosed Survey: Americans Keeping Cars Longer in Struggling Economy Berkshire’s Buffett: Life Insurers Took ‘Crazy’ Financial Risks AIG Rebranding Faces Challenges of 3 R’s and 4th, Recession Baio Named Treasurer of W.R. Berkley Corp. The Woodlands Financial Group Opens Branches in Florida, Maryland Ratings Roundup: Harford Mutual, Hallmark, Rural Mutual, Salem Whamond Elected Chief Financial Officer of HCC Insurance Holdings Agents and Brokers: Deadline to Submit for IJ’s Top 100, June 1 AIG Expected to Post Q1 Loss But Not Need More Bailout Funds Buffett Criticizes Bank Stress Tests; Eyes Insurance for Flu Pandemic Insurance ‘Relatively Unaffected by Recession,’ Boasts Berkshire’s Buffett Buffett Says Bond Insurance Pricing Inadequate Florida’s Soto Honored with Top Insurance Agent Award Rader Elected American Association of Insurance Services Chairman AIU Launches Contractor’s General Liability Endorsement Travelers’ Earnings Fall; Premiums Up Slightly; Combined Ratio at 90.6% Former Gen Re Exec Gets 1-Year Sentence Aon Q1 Revenue Drops 3%; Commissions, Fees Up 1% National News Archives
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