National News for April 2012 Regulation, Reputational Risk Top Concerns of Risk Managers: Lloyd’s U.S. E&S Market Premiums Increase in 2011: SNL Financial Victims of Cyberbullying Fighting Back in Libel Suits Consumer Rebates Under Medical Loss Ratio Estimated to Be $1.3 Billion As America’s Waistline Expands, Costs Soar Big ‘I’ Chairman Donohoe Extols Association’s Value in Fast-Changing Times ACE USA Enhances Hospice Insurance Products Best Affirms Horace Mann Educators and Subs ‘A-’ Ratings Liberty Mutual Profit Soars 26% in Q1 10 Miners Have Died in Job-Related Accidents Thus Far in 2012 Transportation Chief Calls for National Ban on Cell Phone Use While Driving Senate Committee Votes to End Direct Farm Subsidies, Backs New Insurance Plan Hartford Sells Individual Annuity Unit IronHealth, The Sullivan Group to Offer Obstetrics Risk Management Services 1,000 Independent Agents Lobbying Lawmakers in Washington D&O Liability Rates Firmed in First Quarter: Marsh Selective Reports $18.1M Q1 Profit; Commercial Lines Price Up 5.1% Fewer Storms Forecast for 2012 Hurricane Season OneBeacon Forms New Specialty Program Group Wal-Mart Shareholder Sues Over Mexican Bribery Scandal Petersen International Releases Extended Benefit Supplemental Income Plan Argo Insurance Forms New Partnership for Watercraft Program FEMA Urges Renewal of Flood Insurance Program Set to Expire Next Month What to Expect If Supreme Court Strikes Down Obamacare Goldman Must Defend Bond Insurer’s Fraud Claims AIG Alleges Ex-Air Lease CEO, Employees Stole Trade Secrets Suspect Air Packs Still Being Used at Coal Mines Norman-Spencer Launches P&C Program for Recreational Marine Market Great American to Offer New Abuse or Molestation Insurance Option W.R. Berkley Q1 Income Up 17%, Sees Price Hikes ‘Accelerating’ Shrimp Processors Object to BP Oil Spill Settlement Returning Soldiers Involved in More Car Crashes: Study MetLife to Pay States $500 Million in ‘Death Master’ Probe Progressive Expands Commercial Auto Coverage Limits Current Market Not Yet a ‘Classic’ Hard Market: P/C Executives Best Affirms Chubb Corp. and Subs ‘A++’ Ratings Travelers Enhances Cyber Product for Tech Firms Citigroup CEO, Directors Sued Over Executive Pay U.S. Tells Industry to Further Test Safety of Nanotechnolgy Products Senate Bill Would Revamp Federal Crop Insurance Program Republicans Prepare Should Supreme Court Overturn Healthcare Plan OSHA Hit for Taking Too Long to Adopt Workplace Safety Rules Some Acceleration Claims Against Toyota Dismissed AIG Adopts FASB Accounting Update, Revises Up 2010-11 Income by $5.1B QBE Expands Employment Practices Liability Insurance PPIB Launches Home Health Care Program Earth Day a Veritable Field of Green Opportunity Lawyer Pursuing U.S. Claims in News Corp. Phone Hacking Scandal Audit of Gulf Oil Spill Claims Fund Finds $64 Million in Underpayments Chubb: $506M Q1 Income, Business Insurance Renewal Prices Edge Up Travelers Has $806M Q1 Income; Business Insurance Renewal Price Up 8% N.Y.-Based USI Buys Assets of Compass Insurance, Expands in Southwest Gulf Oil Spill Commission Criticizes Congress for Inaction Zander Insurance, Answer Financial to Offer Home, Auto Insurance Nationwide Swiss Re Expands Foreign Coverages Through New Partnership The Hartford to Offer Electric Vehicle Discount AIR Offers Supply Chain Risk Service Travelers Updates Risk Management Tool with Risk Analyzer Dashboard Berkshire’s Warren Buffett Reveals Stage I Prostate Cancer Diagnosis Hedge Funds Face ‘Make or Break’ Year, Warns Insurance Investor Twitter to Limit Use of Patents in Lawsuits Russell Program Managers Expands PoolPro Program Risk Managers, Senior Executives Don’t See Eye-to-Eye on Risk Management RIMS Honors Accordino, Lassaw, Berman, Collins, Chan and Marren Data Show Risk Highest for New Motorcycle Riders U.S. Re Analytics Launches Cost-Saving Tool for Cat-Exposed Insurers Private U.S. P/C Insurers’ Income Fell to $19.1B in 2011: ISO, PCI Aon Risk Solutions Launches $50 Million-Limit Wage & Hour Product NAS Allied Medical Facility to Offer GL on Occurrence Basis Wholesale Broker AmWINS Agrees to $1.3 Billion Recapitalization with New Mountain Only 1 Out of 4 Companies Buying Cyberinsurance Corporate Insurance Buyers Preparing for Hardening P/C Market: Survey Judge Extends Deadline for BP Oil Spill Settlement ACE USA, RPS Healthcare Expand E&O Coverage for Podiatrists Now Is Time to Learn Lessons from 2011 Catastrophes: Marsh 15 Trends in P/C Insurance Employment Fed Chairman Bernanke Defends AIG, Bear Stearns Bailouts Insurance Employment Report: Jobs Outlook Improving, Slowly Irene Retired from Tropical Storm Name List DriveFactor Expands Usage-Based Auto Insurance Programs Great American Environmental Division Expands Capacity Cap on Subsidy of Crop Insurance Premiums Would Save $1 Billion: GAO Justice Department Testing Little-Used Law in Financial Crisis Cases Safety Regulators Recommend Brake Override on All New Cars MF Global Trustee May Sue Company Employees Special Agent Agency Management System Now Available Nationally Survey: Why Agents and Customers Choose Higher-Priced Insurers Grim Statistic: Auto Fatalities Spike on Tax Deadline Day 40 Million U.S. Jobs Tied to Intellectual Property Protection: Report U.S. to Give BP Evidence on Size of Gulf Oil Spill Veracity Insurance Solutions Launches Food Liability Insurance Program Actuary Analyzes Insurance Twitter Messages, Wins Prize CNA Announces New Kidnap, Ransom & Extortion Product Court Narrows Federal Law on Computer Fraud MF Global Executives Win Access to Insurance Monies for Defense Severe Weather Has Home Insurers Rethinking Coverages Chartis Introduces Package Policy for Schools, Associations, Public Entities XL Group Launches New Umbrella Casualty Form Property Insurance Rates Continue to Firm: Marsh Obesity Now Accounts for 21% of Healthcare Costs: Study Rondeau, Moreno Join Atlantic Casualty Healthcare Law Could Worsen Deficits: Study Wells Fargo Upgrades AIG on Likely Exit from Government Bailout CRC’s CEO Hopes to Create ‘Best of the Best’ With Crump Merger Kemper Changes Name for Specialty Business Unit Treasury Freezes Pay for CEOs at Bailed Out Firms AIG, Ally, GM New Jobs Act Does Not Reduce Management Liability March’s Severe Weather Proved Deadly, Costly in U.S., Globally New Federal Safety Rules for Mines Finalized U.S., Europe Urged to Offer Product Safety Training to Importers Viacom Wins Reversal in Landmark Copyright Case vs. Google’s YouTube U.S. Summer Forecast: El Nino Adverse Weather May Return Federal Healthcare Law to Aid Black Lung Victims PPIB Launches Medical Directors Program National Interstate Expands Transportation Program to Taxi Operations AIG May Take Airplane Leasing Unit Public in Q2: CNBC Berkley Corp. Forms Berkley Public Entity Managers Chartis Introduces CyberEdge Tower P/C Insurance Technology Vendor FirstBest Gets $10 Million Facebook Launches Patent Counterclaim Against Yahoo Large Insurers Anxious As Financial Council Finalizes Systemic Risk Rule 160-Year Old Hanover Retaking Its Place as P/C Industry Leader ACE Risk Management Launches Portal for Uninsured, Underinsured Motorist Issues BB&T Completes $570M Acquisition of Crump Insurance Units Football Turns to Helmet Technology to Tackle Head Injuries Hartford to Repay Allianz’s $2.4 Billion of Crisis Aid Path Set for Accountable Care Organizations in Healthcare Delivery Judge Weighs Release of Insurance Monies for MF Global Defense MetLife Auto & Home “Combo” Package Policy Expands into Three New States Ratings Roundup: First Nonprofit, Central Marsh Acquires Cosmos Services, a U.S. Brokerage Unit of Itochu Corp. MMC’s Duperreault Named Chairman of Federal Advisory Committee Top Reasons Happy Couples File Wedding Insurance Claims Bond Insurer Ambac Sues JPMorgan Over Mortgage Losses FDA Denies Ban on Chemical BPA Used in Baby Bottles, Food Packaging Appeals Court Hears Fraud Claim Against Goldman, TCW Over CDOs Special Report: Top 10 Innovative P/C Insurance Products National News Archives
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