National News for October 2003 Travelers Unveils Exclusive ‘My Personal Info’ Software Program for Policyholders Kan. Fraud Unit Takes On Battle Against Crime ISO In Agreement with ProcessClaims to Provide Insurers Streamlined Claims Handling Via Web Services PIA National Applauds Senate Vote on Reauthorizing National Flood Program, Calls on House to do Likewise Senate Passes Bill to Reauthorize Flood Program Aon Study Reports Homeowners ROE Still Improving but at Slower Rate CSC Licenses Its Exceed P/C Software to The Hartford Odyssey Re Holdings Corp. Notes Acquisition of Surplus Lines Shell A.M. Best Assigns ‘A-’ FSR to Aspen Specialty Co. Chubb Reports Q3 Net Income of $259.8 Million; Premiums Jump 23%, Combined Ratio is 96.6% AIG Private Client Group Adds to Excess Flood Coverage NAII: Wildfire Damage Estimated at $500 Million W.R. Berkley Corp. Notes 89% Increase in Q3 Net Income PriorityRate.com, AMS 360 System Form Integration A.M. Best Affirms Financial Strength and Debt Ratings for Farmers Insurance Group J.D. Power: Homeowners Customers Satisfied Despite Rising Premiums Texas Supreme Court Rules Against Diminished Value RealLegal Practice Manager 9.0 Adds New Tools, Integrations and Improved Security for Professionals Insurers Raise Concerns About Excessive Growth of the NAIC Surplus Senate Failure to End Class Action Reform Debate Disappoints NAMIC IIABA Tells Senate Panel That State Regulation Should Be Reformed, Not Abolished Alliance Encouraged by Closeness of Vote on Class Action Legislation CIAB: Q3 Marks Return of Competitive Pricing NAMIC Says Federal Regulation is Wrong Answer at the Wrong Time The Hartford Chooses Corporate Systems as Medical Cost Management Solution for WC N.Y. Court of Appeal Rejects Reg 68 Challenge, Praised as Victory Against Fraud NAMIC Urges NCOIL to Exempt Internal Audits A.M. Best Affirms American Re-Insurance Co.’s FSR of ‘A+’ with a Stable Outlook Top Six CPCU Grads Honored by CPCU-Loman Education Foundation and the American Institute Venture Programs Introduces Community Banking Program Fitch Updates Liberty Mutual’s Asbestos Charge MMC Notes Increased Q3 and Nine Month Results Fireman’s Fund Selects MJM Investigations to Handle Claims SIU Munich Re to Raise Over $4 Billion, $300 Million to American Re NITF Director Elected to National Board Travelers P/C Q3 Net Income Rises 28 Percent W.R. Berkley Appoints Gosselink as Senior VP – Risk Management Arthur J. Gallagher & Co. Purchases CAL E&S Companies NAII Hears N.Y. Sen. Seward Cite Fraud as Cause for Auto Premium Increases Donegal Group Notes Improved Results Despite Hurricane Isabel Kane Joins XL’s U.S. Operations Schinnerer Unveils Basic Form Coverage for Technology Firms Advisen Launches New Version of Information Platform for Commercial Industry France Blocks Executive Life Settlement Fireman’s Fund Named Partner of Big ‘I’ Markets ACE Casualty Risk Unveils ACE TankSafe for Web-Based Underwriting of Underground Storage Tank Policies ACE INA UK Eligible to Offer Insurance on E&S Basis for More Than 30 States General Fire & Casualty Unveils New ‘CattleGuard’ Program Alliance Lauds N.Y., Fla. Action on Modernizing State Producer Laws; More is Needed The Hartford Notes Q3 EPS Estimates ISO Reports Insurers’ Q3 CAT Losses Estimated At $2.9 Billion Morris Receives Jack F. Derrickson Award NAIC, NCOIL Address Concerns in GAO’s Market Conduct Report New Risk Retention Group Formed to Insure Companies in the Alarm Industry WTC Claims War of Words Continues as Governor Seeks Settlement PIA National Asking House to Pass Five Year Reauthorization of National Flood Program FERMA Conference Highlights Risk Management Concerns Applied Systems Partners with nuServe to Offer Integrated Web Based Risk Management Services Travelers Implements Automated Sign-On to Web Site for AMS System Users Building Relationships Key at NAAIA’s 2003 National Conference Garamendi Urges Schwarzenegger to Move Forward with WC Reform Asbestos Wave Surges; Crest Still to Come ISO Claims Database Offers Access to Motor Vehicle Reports IEF Mourns Loss of Clanton MedRisk Unveils CERTExpert IIABA Reports Now is the Time For National Agent-Broker Licensing Reform A.M. Best Downgrades Ratings of Atlantic Mutual Companies MarketScout Chairman Sees Softening of the Market Banks Reportedly Earned More Than $1.7 Billion in Insurance Fee Income in First Half of Year Travelers Property Casualty Unveils ‘Hidden Hazards’ Fire Safety Education Program MedPro to Issue Non-Renewal Notices to Fla. Physicians Ala., N.M., N.Y. Associations Honored with McCord National Education Awards Electric Insurance Notes Agency Offering LOMA, AICPCU/IIA Partner to Offer P/C Concentration for LOMA’s Associate, Customer Service Designation Insurance Journal Goes National, Keeps Regional Focus Travelers Estimates $75 Million Loss from Hurricane Isabel ISO Reports Insurers to Pay $1.17 Billion for Hurricane Isabel Claims Royal & SunAlliance USA Names Tighe New President, CEO IIABA Urges Fed to Clarify Reach of Anti-Tying Provisions for Bank Holding Company Act Collins, Watts to Headline 58th NAII Annual Meeting Survey: Fire Chiefs Overmatched By Development INSTEC Notes Integration to ImageRight’s Document Management and Workflow System S&P Rates Berkshire Hathaway Finance Corp. American International Technology Grows Electronic Capabilities for Auto Liability Insurance S&P Report Analyzes Impact of 9/11 Ruling on Insurers CPCU Society to Highlight Results From P/C Survey at Annual Meeting National News Archives
Sign up to receive insurance news alerts!
Andrea WellsAgency Compensation Playbook: 2013 Agency Salary Survey
Andrew G. SimpsonHow Process Improvement Drives Agency Profitability
Stephanie JonesThe Acquisition Cycle
Don JerglerIndustry Predictions
Chris BurandReasonable Compensation
