National News for August 2010 University Study of P/C Insurers Finds Bad CEOs Can Wreck Companies East Coast Advised to Keep Eye on Category 4 Hurricane Earl Lexington to Insure Tax Credits on Low Income Housing BP Claims Fund Pays Out $10 Million in First Week Under Feinberg Fireman’s Fund Expands Green Insurance to Educational Institutions U.S. Risk Acquires Workers’ Compensation Wholesaler Unisource AIG Settlement Covers $60 Million of Ex-CEO, Ex-CFO Costs Earl Now Major Hurricane, Headed Toward East Coast Stanford, Execs Deny Key Role in Alleged Fraud Cited by Lloyd’s Judge Allows Lawsuits Against Bank of America Executives Over Merrill Deal CNA Adds Nine Endorsements for Small Business Customers Payouts to Injured Nuclear Weapons Workers Reach $6 Billion K&K Insurance Names Bixler as President, CEO Settlement Deadline Extended for Ground Zero Responders Stormy Danielle, Earl, Frank Strengthen But No Landfall Expected Motor Vehicle Crash Injuries Costing $99 Billion a Year, or $500 per Driver Breckenridge to Manage CNA West, Midwest Public Entity Program FEMA Chief Sees Progress 5 Years After Katrina Disaster 8% of Drivers Have Driven Drunk in Past Year Report: Insurers Probed Over Baseball Teams’ Financial Data Leak S&P Affirms Markel’s ‘BBB’ Ratings; Outlook Negative Fitch: Profits Decline for Most U.S. P/C Insurers in First-Half of 2010 Buffett’s Berkshire May Buy Rest of Wesco Financial, National Indemnity Wal-Mart Asks Supreme Court to Nix Massive Sex Bias Lawsuit Travelers Wins $262M Asbestos Reinsurance Judgment Commission Weighs Self-Governing Body for Oil Drilling Safety Ex-Stanford Executive Settles with Lloyd’s Over Defense Fees Under D&O P/C Insurance Brokers Profitable Despite Tough Economy, Soft Pricing 6 Ways Agents Fail Their Workers’ Comp Customers Beazley Launches Fixed Site Environmental Cleanup Coverage Ratings Roundup: AMEX, Castle Key, Torus, Hartford (debt) K&K Insurance Adds New Regional Sales Staff Across U.S. New Tropical Depression Forms in Eastern Atlantic The Next Big Thing at the Entrepreneurial Insurance Symposium Homeowners Coverage Knowledge Gap Wide Among Consumers Church Fraud Hurts Both Congregation and Insurers Stolen Wallets, IDs Most Common Causes of ID Fraud M&A Wrap Up: Year-over-Year, M&A Activity Sustains a Moderate Pace Insurance Journal Seeks Nominations for Best Agencies to Work For All Risks Launches Mental Health Program Through Rockhill Insurance AIG Pays Back $4B of Federal Loan BP Compensation Fund Opens for Business S&P: The Worst Not Over for U.S. Commercial Property Markets Ironshore Environmental Expands Oil Spill Program to Hospitality Sector All Risks Ltd. Launches Home Health Product Through Rockhill Insurance Argo Group Appoints Fleischer as E&S Segment Chief Underwriting Officer U.S. Risk Names Mullens VP, Senior Underwriter BP Settlements May Shield Top Defendants, New York Times Reports Workplace Fatalities Decline in 2009 Over 2008 Judges Reopen Portions of Bid-Rigging Civil Suit Zurich Introduces Enhanced Professional Liability Coverage for Contractors Goss Re Names Brock as CEO; Fox as VP, Senior Broker 8 Traits Top 100 Agencies Have in Common P/C Industry Shows Slight Premium Growth in Q2, But No Gain in Profits How to Establish an Agency Growth Culture Chartis Enhances Coverage for Network Security, Privacy Risks Dog Bite Claims Top $400M in 2009; Rise 30% in Last 6 Years Report Suggests Gulf Coast Properties Not Much Safer Since Katrina Survey: Health Reform Leading to Changes for Large Employers Insurance Institute Names 2 Luxury Cars Top Safety Picks U.S. Gives States Cash to Police Health Insurance Rate Hikes Medical Protective Launches Insurance for Facial Plastic, Reconstructive Surgeons Insurers Refute Oil Spill Rumors, Prepare for Consequences Kim Named Project Management Head for Torus The Hartford Names Napoli as Consumer Markets Head 4 Steps to Better E-mail Marketing Results 101 Sales & Marketing Ideas General Star Launches Occurrence Coverage for Ambulance Program Smart Agents’ Growth MyNewMarkets: New Markets People 3 Keys to Establishing a Total Agency Growth Culture Business Moves 3 Imaginative Approaches to Agency Marketing in the Entertainment Age Travelers Introduces Liability Package for Medical Technology Snapshot: It Figures Agency Marketing Must Move Online and Beyond Yellow Pages Snapshot: Declarations Why Carriers’ Producer Bulletins Are Like Greyhound Buses How to Improve Your Agency’s Marketing Materials Insurance Journal Seeks Nominations for Best Agencies to Work For Main Street America Promotes Peeters to SVP How to Maximize Your Book with Personal Umbrellas M&A Wrap Up: Year-over-Year, M&A Activity Sustains a Moderate Pace How To Use Compensation to Boost Sales Pension Fund Sues Hewlett-Packard Directors Over CEO Hurd Exit Tropical Cyclone Heads for Northern Gulf of Mexico Chartis Introduces Industry-Specific Environmental Liability Products NAS Expands Regulatory Business Interruption Coverage AIG Still a Risky Bet for Investors Avizent Introduces New Risk Sharing Captive for Restaurant Industry BP Oil Spill Disaster Creates Some Opportunities Fortress to Buy Majority of AIG Consumer Finance Unit E&S Wrap Up: Broker Mergers, Expansions and Start Ups Chartis Expands General Liability Policies Rising Price of Gold Leaving Jewelry Collections Underinsured Zurich Enhances Professional Liability Coverage for Architects, Engineers Petersen International Underwriters Expands Medicare Bridge Plan U.S. Review of Toyota Recorders Finds No New Defects Chartis Increases Offshore Energy Property Capacity to $200 Million Hallmark Financial to Acquire State Auto’s Non-Standard Auto Unit Artwork, Antiques Feel The Heat, Too; Insurer Offers Tips Travelers Introduces New Suite of Management Liability Products How Oil in Gulf Region Could Complicate Hurricane Recovery August Begins Busiest Phase for Hurricane Season Stopping Workplace Violence Difficult But Risk Can Be Reduced: Experts State Insurance Commissioners Warn on Keeping Vacant Homes Insured U.S. Captive Insurers’ Underwriting Income Drops; Investments Improve CNA Names Ryszetnyk, Ecoff to Ocean Marine Unit BP Deposits Initial $3 Billion in $20 Billion Gulf Claims Trust Willis Launches PatentWize to Help Manage Intellectual Property Risk Marsh Launches New Collateral Solutions Group Markel Underwriting Loss Tied to Chile Earthquake, Deepwater Horizon Cruise Ships Traveling In Changing Legal, Security Climate Berkshire Hathaway Profit Down on Derivatives But Insurance Way Up NAS Managed Care Errors & Omissions Adds Cyber Liability AIG Posts Q2 Loss; Chartis Insurance Stable Despite Flood, Oil Spill Claims AIG Starts Talks to End Government Ownership Liberty Mutual Profit Falls in Q2 Business Risk Partners Buys Renewal Rights from ProAssurance Allstate Operating Income Rises in Q2; Capital Losses Hurt Net Income Investors Seek Oil Firms’ Safety Plans, Insurers’ Underwriting Plans Almost 1 Medical Malpractice Claim Filed for Every Physician, Reports AMA 75% Chance of Major Hurricane Hitting Atlantic Coast, Says Forecaster The Hartford Posts 2Q Profits Great American Launches Contractors Environmental Liability Product CNA Expands Construction Resources to Renewable Energy Contractors U.S. Says Vast Majority of BP Oil Gone, Remainder Not Serious Threat MMC Completes Sale of Kroll to Altegrity How Claims Service Cultivates Insurance for Trees, Landscapes Schinnerer Enhances Construction Management Program BP Speeds Up Claim Payments to Businesses Affected by Gulf Oil Zurich Introduces Insurance Policies for Defendants in Contract Litigation Argo Group U.S. Forms Management Liability, Professional Lines Platform Conn. AG Barred from Releasing Agents’ Commission Data Some States Cheered by Virginia Healthcare Decision Marsh Revenue Up 9% in Q2 Customers Significantly Less Satisfied With Auto Insurance Companies Insurers Report Rise in Questionable Claims Led By Hail, Auto Glass Marsh Names 59 Managing Directors in U.S., Canada Federal Judge Lets Virginia Challenge to Obama Healthcare Law Proceed Towers Watson: Gulf Oil Spill not a Major Event for P/C Insurers NIP Launches Insurance Program for PetCare Professionals Senate Eyes Guaranteed Lump Sum Benefit for U.S. Soldiers, Workers Threat from BP Oil Disaster Recedes for East Coast, South Florida National News Archives
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