National News for November 2004 Study Finds Medical Costs Driving Up Auto Injury Claims $126M Ga. Agreement Could Pave Way for Anthem-WellPoint Merger PCI’s Csiszar: Regulatory Reforms Needed Now More than Ever First Premium Notes Basic Renters Program Bankruptcy Court Approves Halliburton Asbestos Insurance Settlement Agreements AIG Program’s Jordan: Learning from Program Failures FEMA Notes Record Aid for 2004 Hurricane Season Restaurants ‘Slipping and Tripping’ into Financial Disaster AIG Specialty WC Expands Web site Capabilities RAA Survey Says U.S. Reinsurers Wrote $22.3 B in 3Q ACE INA Makes Pair of Appointments in Government Affairs and Legal Unit AIG Forks Up $126 Million to SEC on PNC Deals MBIA Provides Additional Information on Subpoenas S&P Revises Outlook on Hartford PC to Negative; Cites Spitzer Probe ERC’s Internal Investigation Turns Up ‘Isolated’ Bid Rigging Study: LTC Claims Up 415% Since 1996 Marsh ‘Hopeful’ of Quick Settlement But No Timetable Has Been Set S&P Lowers Credit Ratings on MMC AIA Sets Multi-Issue Agenda for NAIC Meeting Speed-to-Market Seminar in January PLUS Announces New Officers, Trustees PCI Asks Regulators to Put Caps on Budget Reserve NAIC Advances ’05 Budget; Vote Set for Winter Meeting Feds Put Brake on More Direct-to-Consumer Crop Insurance Pending Further Review Mutual Risk Management Reports Hancock Motion to Dismiss Lawsuit Denied Insurance Journal Contributor Passes Away The Hartford Purchases Collateralized CAT Reinsurance From Foundation Re Best Study Finds P/C Industry “Well Capitalized;” 21.8% Increase in Surplus PIA Says Hunter’s Remarks During Senate Testimony “Outrageous and Not Constructive” MBIA Acknowledges Subpoenas Regarding ‘Non-Traditional Products’ Best: No Ratings Changes from Finite Reinsurance Probe CNA Financial Corp., Subs Have Ratings Affirmed AHIP Survey Sees Worker Challenges in Disabilities Schinnerer Publishes Risk Management Guide Multi-State, $120M Agreement with UnumProvident Requires Reassessing Claims Back to 1997 Marsh & McLennan Cuts Five Internal Executives from Board; Names Beshar as New Counsel Rated Self-Insurance Pools Outperform Commercial Insurers and Captives, A.M. Best Study Shows Huffert Elected Chairman of AIMU Zurich Financial Receives Subpoena S&P Report Explains Financial-Engineering Probe Sen. Fitzgerald Says Broker Fee Scandal May End Antitrust Exemptions St. Paul Travelers Acknowledges Receipt of Subpoena on Loss Mitigation Insurance Products W.R. Grace Reorganization Includes Asbestos Fund ISO Enhances Policy-Verification Solution Pair of Zurich Underwriters Plead Guilty Euclid Managers Launches Web Log for Internet, Tech and Media Liability Insurance S&P Affirms Liberty Mutual Group Ratings Markel Acknowledges Receipt of Subpoenas Born as Kemper Life, Then Zurich Life, Then OneLife, Now…Chase Insurance under J.P. Morgan In Washington Testimony on Broker Pay, Council Maintains Best Price Not Always Best Policy At Senate Hearings into Broker Pay, NAIC Claims States Get Job Done without Headlines Independent Insurance Agents Defend Themselves at Senate Hearing over Broker Compensation Conn. AG Urges Tougher State Action, Offers Own Insurance Reforms in Testimony Before Senate Panel N.Y. AG Suggests Off-Shore Insurers, Rating Organizations, Insurer Investments Next Targets P&C Insurers Call for Compensation Disclosure State Regulators Reveal Model Disclosure Act Study: Spitzer Probe to Reduce Brokers’ Bottom Line Farmers Survey Says Some Drivers Have the Rage Interns’ Medical Errors Affected by Work Schedules Fitch Reports on Finite Risk Reinsurance; Teleconference for Nov. 17 Nationwide Estimates Florida Hurricane Losses at $850 Million Pre-Tax SEC Probe of Hartford Life Opens Federal Front Spitzer Sues Universal Life Resources over Broker Pay AIG Private Client Group Unveils Flood Coverage for Homeowner Policies in Several States Philadelphia Insurance Cos. Finalizes Deal to Purchase Fireman’s Fund NDO Renewal Rights Trial Lawyers’ Chief Calls for End to ‘Vitriol’ Zurich NA Latest Insurer to Suspend Employees as Fallout from Marsh Probe Continues Senate Hearing Set for Nov. 16 on Commercial Brokerage Controversy The Hartford Releases Pair of Employees From Los Angeles Office as New York AG’s Investigation Continues Accidental Tourist, Cruise Ship Don’t See Eye to Eye NTSB Backs Greater Oversight of Drivers with High-Risk Medical Conditions CIAB Makes Recommendations on NAIC Proposed Compensation Regulation NAAIA Names Branch Its New Chairman PCI Seeks November Vote on Class Action Reform Minnesota, Louisiana at Different Ends of Health Spectrum Following Survey Safety Group Seeks Tire Expiration Date Marsh to Lay Off 3,000 in Cost-Cutting Move Nyce Joins AICPCU/IIA as Curriculum Director PIA National Encouraged by NAIC’s New Task Force Insurance Paid $20 Billion, More Than Half of Total Compensation to 9/11 Victims, Rand Study Finds Hurricane Losses Have $816 Million Impact on Berkshire’s Q3 Earnings Best Says Rating Downgrades Slowed; Still Outpaced Upgrades Once Again PCI Members Identify Top 2005 Legislative Issues MMC Makes Management Changes; Egan, Treanor Out New Reference Guide to Purchasing Groups Released AIG’s Terrorism Protection Portfolio Includes Biological and Chemical Attack Coverage CARH Makes Renewed Call to Action Following Election IBHS Notes Strategic Partnerships at Conference Venture Programs Expands Hartford Banking Program MarketScout: Bid Rigging, Incentive Commissions, Hurricanes and a Presidential Election Impact P/C Market Fitch Affirms Safeco P/C Group Ratings; Outlook Stable EQECAT Releases First Probabilistic U.S. Wildfire and Flood Models for P/C Industry Prudential Financial Subpoenaed In Ongoing Probe Big ‘I’ Congratulates Winners, Looks to Future AIR Analysis Says 2004 Hurricane Season Not So Unusual After All Four More Years for Bush; Kerry Concedes in Phone Call to President National Union Fire Insurance Co. Unveils New EPLI Incumbent Commissioners Join Bush in Return to Office AMA Pleased with Bush Re-election; Looks Forward to Pushing Forward Medical Liability Reform HSB Unveils Portfolio EPL Marsh Moves to Collect Outstanding MSA Fees NAIC Task Force of 13 States to Lead Broker Investigations, Develop Model Disclosure Law S&P Puts USI Ratings on CreditWatch Negative Henriques Joins Guy Carpenter Professional Liability Specialty Practice Republican Candidates Win ‘Big Time’ in Insurance Industry Political Giving in Federal Races S&P to Hold Telephone Conference Today on AIG, ACE S&P Announcement on AIG Ratings; Outlook Negative AmWINS Launches Management Liability Unit Tisdale to Focus on Southeast, Midwest as Newest Member of Insurance Journal Sales Staff PIAA Takes Stand Against Hunter’s Med-Mal Claims National News Archives
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