National News for January 2008 Lawmakers Want Answers from Mine Administration on Penalties Stuckey & Co. Answers When Business is Liable for Blogs, Email, RSS Feeds Judge Sentences Milberg Weiss Lawyer for Class-Action Kickbacks S&P: P/C ‘Reserve Adequacy’ Criteria Allstate 4Q Profit Falls 37% as Calif. Wildfire Losses Top $300M Donegal Mutual and Subsidiary Atlantic States to Change Pooling Agreement Chubb Joins Renewable Energy, Green Building Groups General Star Offers Automated Quotes on Excess Auto Liability Chubb 4Q Profit Stayed About Even; U.S. Premiums Down 2% Former Ohio Casualty CEO Carmichael Joins Atlanta Consulting Firm Ratings Recap: Liberty Mutual, Unum, Baldwin & Lyons ACE’s Duperreault Named CEO of Marsh & McLennan Arthur J. Gallagher to Sell Reinsurance Unit, Ireland Brokerage; Layoff 400 For 2007, Hanover Reports P/C Earnings Up 20%; Premiums Up 5% Travelers Reports Combined Ratio for 2007 at 87.4%; 4Q Profit Dips Beecher Carlson Names Pierpont Managing Director, Energy Practice Insurance Journal’s Wells Publishing Named a Top Company to Work For AIG Introduces Package Policy for Management, Professional Liability AIG Pays $12.5M to Settle with States Over Bid-Rigging Allegations Gender-Bias Class Action Against GE by Former Counsel Advances U.S. Proposes Stronger Car Roofs to Withstand Rollovers Federal Study Backs Installation of Shelters in Nation’s Mines Markel Reports Another Good Year; Combined Ratio at 88% Bond Market Woes Could Endanger Municipal Construction National Hurricane Center Names New Director List of Defendants Growing in Suit Against Countrywide Financial As Stocks Fall, Small Businesses Urged to Start Retirement Plans Shares in US Bond Insurers Rise on Bailout Hopes Democrats Blast FDA Labeling Rule as Product Liability Shield for Drug Makers Ratings Recap: Concord Re, Doctor’s Co., ACUITY, Alfa Group Ward Group to Benchmark Insurers’ Finance Operations Chartier to Head Safeco’s Marketing and Distribution House Passes Flood Insurance Reform Legislation Atlanta’s Beecher Carlson Partners with Old Lane Supreme Court Turns Away Suit Against Banks by Enron Investors Insurers Must Focus on Opportunities, Avoid Price Wars to Stay Profitable AIG Enhances Corporate Counsel Policy U.S. Releases New Disaster Response and Recovery Plan Markel American to Sell Collector Car Coverage Supreme Court to Rule Whether Disability Insurer in Conflict of Interest AAA Says Many Children Still Not in Safety Seats AI Risk’s LexExpress Delivers Excess Auto Liability for Truckers Teacher, Gypsy, Even an Insurance Agent Make Fraud Hall of Shame List Ratings Roundup: Ambac, Prospect Medical, First American Title House Democrats Pass Mine Safety Bill Despite Bush Veto Threat CFO Johnson to Leave The Hartford Supreme Court Stoneridge Ruling Adds to Setbacks for U.S. Investors AAA Calls Child Safety Laws Inadequate Ratings Recap: Harleysville, TIG Specialty, Co-Operative, Crusader, Pacific Star Former Hilton CEO Joins AIG’s Board New Federal Mine Safety Legislation up for Vote Commercial Lines Pricing Shows Modest Decrease from 2006 to 2007 Conning Research: Medical Malpractice Poised for Long-Term Stability S&P: Allstate’s Ratings Unaffected by Florida Suspension Despite Woes, Big Insurance Brokers Still Make the Grade, Says Fitch The National Alliance Adds Employee Benefits Course Fitch Affirms AIG, Subs ‘AA’ Ratings S&P Affirms, Withdraws Westport Ratings after Merger with Employers Re Tort Trends Likely to Remain Stable in 2008, Finds I.I.I. Survey Who Is Best Prepared for a Disaster? States Prevail Over Industry with Tougher Chemical Security Laws Advisen: Subprime Writedowns Trigger Avalanche of Lawsuits Ratings Recap: Verlan, ACMAT, Heritage, Alfa, Petroleum Marketers, Berkshire (Debt), Consumers, ACA Financial Supreme Court Limits Investors’ Securities Lawsuits Pickups, Hybrids Most Expensive Vehicles to Insure Beecher Carlson Names Denton as President OneBeacon’s Medical Technology Insurance Includes Products Liability Information Firm First American to Spin-Off Insurance Divisions Hanover Insurance to Acquire Chemical Industry Insurer Verlan ISO: Insurers to Pay $6.5 Billion in 2007 Catastrophe Claims Republican Giuliani Tells Fla. He Backs National Catastrophe Plan Study: Making Workers’ Comp Medical Fee Schedules More Effective Executives See Moderate P/C Insurance Growth in 2008 Survey: Prices Continue to Drop for Commercial Lines Market Genstar Capital, Execs Create National Brokerage for Hispanic Consumers N.Y. Judge Rules Evidence in Celebrex Case Unreliable Regulators Address The Politics of Underwriting Workers’ Comp Writer Employers Holdings to Acquire AmCOMP Insurers Defend Profits; Deny They Overcharge, Under-deliver on Home, Auto Policies Ratings Roundup: Tailwind/Northwind – Unum Group, GMAC Progressive Buys Naming Rights to Cleveland Indians’ Ballpark GAO Report Cites Weaknesses in IRS Information Security Systems $175M Holocaust Insurance Settlement with Generali Moves Forward Main Street America Gives Agents Electronic Bond Issuance Lighthouse Underwriters Sells Retail Non-Profit Book to Cooley and Darling Best Places North Pointe Subsidiaries Ratings Under Review/Positive Despite Higher Costs, Insurers Encourage ‘Green’ Rebuilding of Homes AIG Insurer to Pay $42.5M to Cleanup Sites of Bankrupt Underwear Company Safeco Names Northeast Regional Exec, Sales and Marketing VP Trial Opens for Five Former Gen Re, AIG Executives LMC Capital Names Vaughn Managing Director A.M. Best Affirms Ratings of Allstate and Subsidiaries Proformance Insurance Appoints Glowacki as V.P. of Claims Ratings Roundup: Transcontinental, Great Lakes Stanard, Fox Partner With Insight Catastrophe Group S&P: TRIPRA’s Passage Keeps U.S. Commercial Lines Outlook Stable Swiss Re’s Westport Insurance Announces Two Mergers S&P Revises Swett & Crawford’s Rating Outlook to Negative Bush Retains U.S. Mine Safety Chief CSX Railroad Charged with 199 Safety Violations in 23 States Swett & Crawford Names Dyson Sr. VP Buffett’s Role Disputed As Former Execs Head To Trial S.C. Dog Food Maker to Pay $3.1 Million Settlement after Pet Deaths Statistics Based on Atlantic Hurricane Activity Can Overestimate Risk QBE Americas to Acquire North Pointe Arthur J. Gallagher Acquires Wholesaler AVRECO PPIB Has New Inhouse Excess Facility Insurance News Looks to be Out of Control in 2008 Minnesota RJF Agency’s Jeatran Becomes Assurex Global Chairman CarInsurance.com Adds Insurance Carriers for 2008 Ironshore Completes Acquisition of Excess Surplus Shell; Plans Expansion Travelers Settles with States over Brokers’ Contingent Commissions Experts Forsee Volatile Investment World in 2008 U.S. Offers Employment Screening ‘Best Practices’ to Prevent Bias Federal Figures Show 32 Coal Miners Killed in 2007 Marsh Reorganizes into U.S./Canada and International; New Executives Named IRISK Solutions Targets Risk Management Services to Middle Market National News Archives
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