National News for April 2010 Beyond the Flood Zone: Storm Surge Multiplies Coastal Vulnerabilities W.R. Berkley Launches Virginia-Based E&S Unit PartnerRe Oil Platform Disaster Loss Estimates Put at $60-$70 Million The Hartford’s P/C Income Jumps $145M in Q1 AIR Enhances Catastrophe Risk Model for Industrial Facilities Chartis Updates Pollution Legal Liability Select Form Gulf States’ Wildlife Reserve, Tourism, Fisheries at Risk from Oil Spill Did Its Timberwolf Deal Give Goldman Early Clue to Later AIG Woes? Gulf Coast Shrimpers Sue Oil Firm BP, Drilling Platform Owners Over Spill ASI Healthcare Offers Pollution Liability for Nursing Homes, Assisted Living BP Vows to Pay All Gulf Coast Oil Spill Damage Claims Gulf of Mexico Leak Grows, Oil Slick Near Shore Schinnerer Offers Kidnap, Ransom Coverage for Houses of Worship Goldman Puts Berkshire’s Buffet in Tough Ethical Spot Chartis Introduces Premier Excess II to Ease Placement of Financial Coverage Spitzer: Wall Street Should Avoid ‘Frankenstein’ Financial Products Rockhill Introduces Lead Safe Contractors Pollution Coverage U.S. Targets Crop Insurers’ Profits Ratings Roundup: Reserve National, Alaska Timber, State Farm (NJ) Senate Ends Stalemate Over Financial Reforms; Debate to Begin House Commitee Advances 5-Year Flood Insurance Extension Republicans Release Own Financial Services Regulation Proposal Stabilization of AIG Continues, Government Reports Chartis Introduces Next Generation D&O Policy for Public Companies Gallagher Reports Jump in Revenues for Q1 2010 Harleysville Reports $8.1M Profit, Ratings Upgrade Directors & Officers Liability Renewals: A Tale of Two Markets Hiscox USA Launches Healthcare Information Privacy Protection ACE USA Creates Data Breach Team, Enhancement Options Willis Urges Risk Managers to Fight Against Contingent Commissions Financial Reform Bill Stumbles in U.S. Senate Federal Court Strikes Blow to Wal-Mart in Sex Discrimination Suit Survey: More U.S. Businesses Anticipate Payroll Growth Shareholders File Suit Against Goldman CEO Over Abacus A.M. Best: U.S. P/C Industry Results Rebound Mixed Ruling in Connecticut Contingent Commissions Case IronPro to Offer Architect, Engineers Program Through All Risks Financial Reform Hits First Hurdle in U.S. Senate Zurich Unveils Supply Chain, Risk Assessment Products Chubb Profits Rise 36 Percent in First Quarter Travelers Reports Catastrophe Losses Hurt Profits in Q1 Why Captive Solutions Might Grow Your Hospitality Book, and Revenue Too Chartis Introduces Crisis Management Tool: CrisisResponseXS Fiesta Auto Insurance Opens 20 Locations Nationwide Senate Panel Sought Action Against Goldman Before SEC Suit Obama: U.S. Faces Another Financal Crisis If Lessons Aren’t Learned Earth Day: How Insurance Works with Recyclers AAIS To File Homeowners By-Peril Rating Plan Countrywide This Summer Liberty Mutual Surety Introduces Liberty SuretyFirst Zurich Enhances Healthcare Primary Policy for Medical Facilities Earth Day: How Insurance Coverages Respond to Greening of America Hospitals Shifting Costs to Auto Insurance System, Study Finds Progressive Launches Car Insurance App for Google’s Android Smart Phone Judge: Fraud Case Against Ex-AIG CEO Greenberg ‘Devastating’ Bank Style Regulations Would Raise Insurance Costs, Analyst Says Financial Crisis Handing Spitzer Chance at Political Comeback: Author Auto Insurers Begin Process of Recouping Losses from Toyota A.M. Best Affirms ‘A’ for Main Street America; Upgrades Grain Dealers Willis Selects ASI for DealerGuard Open Lot, Hail Programs Insential Partners with Vela Insurance to Expand Liquor Liability Program Toyota Pays $16.4 Million Fine But Says It Acted in Good Faith Charges Against Goldman Could Unleash Torrent of Lawsuits Some Health Insurers Shifting Costs Ahead of New Loss Ratio Mandate Lockton: Soft Market Pricing Continues to Benefit Insurance Buyers Sexton Joins Norman-Spencer and Western Marine Insurance Services MetLife Pays $13.5 Million to Settle U.S. Contingent Commission Case SEC Charges Goldman Sachs with Civil Fraud How Agency Helps Preserve Historic Homes, Business Districts Correction: Crump Group No. 1 Overall Wholesaler Sweethearts in Crime: Rise in Married Couples in Securities Fraud President Obama Signs Jobless Aid, Flood Insurance Extension Senate Hearings to Explore Federal Mine Safety Regulation Flaws Toyota’s Legal Tactics on Claims Questioned St. James Insurance Group Re-Enters Commercial Lines, Appoints New SVP P/C Industry’s Net Income Up $25B in 2009; Combined Ratio Improves Risk Managers Continue to Report Soft Market Pricing Securities Lawsuits Drop as Global Credit Crisis Eases: Advisen Starr Indemnity Forms General Casualty Excess Group Bill Restoring Jobless Aid, Flood Insurance Clears Senate Hurdle Malpractice Concerns Lead to Unnecessary Health Tests, Study Says AIG Aircraft Leasing Unit Raises $2 Billion with Sale of Jets How to Handle Firms ‘Too Big To Fail’ Divides Democrats, Republicans Insurance Industry Urged to Explore Alternatives to Credit Scoring AmWINS CEO DeCarlo on Colemont Merger, Texas and Going Global AIG ‘Strongly Objected’ to Pay Czar’s Cuts Greenberg Seeks Dismissal of New York AG’s Reinsurance Case Senate Ends Fillibuster on Jobless Benefits, Flood Insurance Program AMS Users Group Re-Brands As NetVU Penn National Insurance Makes Management Moves Motorcycle Thefts Drop by 13% in 2009 CNA Select Risk Enhances Transportation Unit, Adds Underwriters AIG Financial Products, Goldman Sachs Unwind Credit Default Swaps Lawsuits Against Toyota Consolidated Under Federal Judge in Los Angeles Crop Reinsurers’ Profit Could Fall 30% Under USDA Changes, Says Aon Senate to Consider Restarting Flood Insurance Program Today Chartis Offers Policyholders Storage of Electronic Health Records Nestle Launches Ad Campaign, Insures Butterfinger With Lloyd’s Starr Aviation Acquires International Aerospace Insurance of California West Virginia Mine Accident Could Spur New Regulations Older Workers Sticking with Jobs; Employment for Youngest Falls Wholesale Insurance Brokers AmWINS, Colemont Merge Marsh Service Enables Clients to Monitor Insurers’ Financial Strength Hanover Specialty Industrial Expands to New High-Hazard Classes 5 More States Join Lawsuit Against New Healthcare Law Fireman’s Fund Introduces New Crisis Management Products Forecasters Predict Above-Average Hurricane Season in 2010 Traditional Property Policies Can Leave Green Buildings Exposed Young Joins Big ‘I’ Agents’ Lobbying Staff Insurance Mergers Dropped in 2009, Reports Conning Federal Judge in New Orleans Awards $2.6M in Chinese Drywall Case Chartis Brokerage Launches Web Site for Brokers with Small and Mid-sized Risks Property Firm Purchases Infamous AIG Party Hotel International Insider: Multinationals and Money Laundering When Main Street Met Washington Green Building Movement Raises Some Construction Defect, Claims Concern CNA Appoints New Commercial Underwriting Officers AIG to Pay $9M in Ohio Antitrust Case Advisen: Wage-and-Hour Lawsuits Rising But Coverage Hard to Find AIG Financial Products Executive Cassano Still Faces SEC Probe Munich Re America Changes Brand Name to Munich Re IronPro, JLT Partner to Provide Liability for Small to Mid-Size Law Firms Liberty Mutual Offering Interactive Advertising on iPad U.S. to Make Trucking Firm Repeat Violators Install Electronic Recorders The Hartford Executive Andrade Explains Restructuring Impact on Agents MarketScout’s New Wholesaler Aims to Be ‘Full Service Partner’ to Agents Homeowners Advised to Gut Homes Built with Chinese Drywall Lawsuit Over Ratings of Mortgage-Backed Securities Dismissed Insurer’s Study Shows U.S. Refineries Plagued by Deadly Accidents 10 Technologies with Biggest Impact on P/C Insurance Companies U.S. Fines Toyota $16M for Not Reporting ‘Sticky Pedal’ Defect Court-Side Lessons: Insurance Agency Management Tips Before Tip Off Soft Market, Weak Economy Will Challenge Insurers, Brokers in 2010 AIG Expects to Repay Government Before 2013, Says CEO The Hartford to Restructure for Growth, Target Small to Medium Accounts U.S. Treasury Appoints E-Trade, EDS Executives to AIG Board S&P Affirms AIG’s Ratings; Outlook Still Negative Federal Reserve Discloses Toxic Assets It Bought to Rescue Banks, AIG Best Affirms Tower Group’s ‘A-’ Ratings ACE Appoints Capparelli in Midwest, Zelickman in Northeast National Hurricane Center Considers Issuing Storm Surge Warning Ratings Roundup: Victoire, Merna Re II, Utica Mutual Victor O. Schinnerer Acquires HSBC Insurance’s Energy Brokerage MetLife Auto & Home Adds Tax-Related Identity Theft Service Woodruff-Sawyer Protects Independent Directors with Personal Policy KPMG Wins Dismissal of Madoff Feeder Fund Lawsuit The Hartford Returns Taxpayers’ Funds National News Archives
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