National News for April 2005 AIG Reportedly to Delay Annual Report Again Hinkel Joins BrightClaim as National Account Executive ISO: Insurers to Pay Policyholders $2.1 Billion for Q1 Catastrophe Losses Henrikson to Succeed Benmosche as MetLife CEO York Insurance Parent Bexil Receives Delisting Notice from American Stock Exchange Over Late Filing Turning Politics into Green for Favored ‘Blue’ Insurers Aon Risk Services, LMS Launch Risk Management Initiative in Obstetrics The Hartford Notes 17% Gain in Q1 Net Income Nearly Half of Large and Mid-Sized U.S. Businesses Buy Terror Coverage, Marsh Study Finds Sarbanes Oxley Drives Up Large Companies’ Audit Costs by $1.4 Billion PCI Submits Comments to Federal Trade Commission on Credit Scoring Research Travelers Aiding Agents with New Ad Campaign Florida’s Soto Nominated as Big ‘I’ President Elect; Iowa’s Fulwider Named Next VP EQECAT Issues U.S Hurricane Model Challenge Study: Few Americans Maintain Healthy Lifestyle InsurPac Honors Awarded at Big ‘I’ Event U.S. Insurers Back Development of Disclosure Standards by International Association of Insurance Supervisors Best: U.S. P/C Industry Notes First Underwriting Profit Since ’78 Chubb Unveils Q1 Report; Net Income of $470M AIG, Related Units Stay on CreditWatch Negative ‘First Round Draft’ Insurance Policy Winning Over Students, Parents Coalition for Asbestos Reform Opposes FAIR Act Barton, McCormick Join Crawford & Co. AFC Enterprises Arrives at Agreement on Certain Shareholder Lawsuits with Arthur Andersen Markel American Insurance Teams with Elton Porter Marine on Ultra High Performance Program Transportation Secretary Calls Highway Fatalities an Epidemic; 42,800 Die in 2004 Agents and Brokers: Top 10 Reasons to Join the Top 100… and Let Your Success be Known President Bush Addresses The Big ‘I’ AIG Restructures Its Executive Governance, Adds 2 Outside Directors to Board AMSA: Med-Mal Reform Needs to Focus More on Patients, Less on Caps Specialty Underwriters’ Alliance Unveils Collateral Recovery Program Through AEON RemoteScan Now an Option for Agents From Brokers and Risk Managers, Mixed Signals on Compensation and Conflicts of Interest Best Affirms FSR for Travelers PC Pool PCI, NAMIC Voice Opposition to Sen. Specter Legislation Goodyear Flying High with Insurance Settlement St. Paul Travelers Unveils Internet Basic Liability Protection Policy for Certain Tech Businesses AORC Applauds Congressional Effort to Increase Use of Seat Belts for Vehicles Fitch Moves Berkshire Hathaway’s Outlook to Negative PIA National Takes Issue with Plumeri’s Comments Fortress Global Offering ‘Agent Check Plus’ Program in Order to Protect Insurers NAMIC Public Policy Director: ‘Disparate Impact’ Theory Provides No Support for Banning Credit-Based Scoring For Retail Risk Managers, Workplace Violence and Staff Turnover Proving Top Challenges Pet Peeve: Insurance Industry Should Let Sleeping Dogs Lie and Worry About Cat Losses ACE USA Launches Network Risk Policy Willis CEO Plumeri to Open RIMS Conference in Philadelphia with Call for Industry Change Lloyd’s Chief Offers Prescription for Restoring Confidence In Insurance Industry at RIMS Cunningham Lindsey U.S. Expands Property General Adjusters Team Willis CEO Calls for Halt to Contingent Commissions for All Agents, Brokers AIA Urges Senate Committee Approval of Primary Seat Belt Law Incentive NMDA, Universal Underwriters Group Hit the Roads with Motorcycle Garage Keepers and Open Lot Coverage President Bush to Speak at Big ‘I’ National Legislative Conference April 21 Summit Launches ArborMAX Insurance Program Schinnerer Unveils SpecialtyOne E&O Program for Management Consultants, Staffing Firms Former CEO Greenberg Transferred $2 Billion in AIG Shares to Wife Just Days Before Quitting Insurer Insurers Tell Senate Panel of Possible Long-Term Terrorism Insurance Solution; Urge Swift Action Willis Group Finalizes Sale Involving Stewart Smith Group to American Wholesale S&P Assigns AmWINS ‘B’ Rating; Outlook Stable Search for Nation’s Top Independent Insurance Agencies Commences Conning Reports More Mergers and Acquisition Deals for 2004, but Dollar Values Decline AIA Urging Federal Incentive for Primary Seat Belt Laws Cunningham Lindsey International Adds Axis U.S.A. O’Neill Named NBIS VP of Underwriting Big ‘I’ Praises House for Passing Death Tax Repeal Buffett Talks, Greenberg Mum as Investigators Continue Probe of AIG ‘No-Cost’ Insurance Incentive Said to Boost Car Sales PCI Backs Feinstein Consumer Protection Legislation First Underwriting Profit Since 1978, Investment Gains Send Industry’s Net Income and Surplus to Record Highs Study Says Higher Horsepower, Fewer Accidents; Costs Rise Though with More Horses AEC Firms Can Learn from May Webcast Insurance Journal ‘How to Write’ Series Looks at Lawyers Malpractice April 13 Jones to Step Down as HRH’s Chief Financial Officer Fitch Affirms Ratings for HFSG Cochran, Caronia: Insurers to See Major Declines in Core Earnings Power P/C Industry Says Treasury Study Inadequate Gauge of Terrorism Insurance Market COO Miller Exits St. Paul Travelers for OneBeacon Spitzer Claims ‘Powerful’ Evidence Against AIG; Stresses Today’s Witness Buffett Not Subject of Probes Greenberg, AIG and Starr Consent to Court Order Protecting Documents Sought in Investigation Minn. AG, Willis Group Resolve Investigation; N.Y. Also Reports Agreement S&P: Willis Group Holdings Ltd. Ratings Removed from CreditWatch and Affirmed; Outlook Negative S&P Raises Real Legacy Assurance Co. Ratings to ‘BBB+’; Outlook Stable Great Central Notes Partnership with Weber Associates S&P Publishes Comparison Study on U.S. Surplus and Specialty Lines Insurers Hartwig Tells CASRS Seminar Volatile Underwriting Cycle is Back OneBeacon Offers Tailored Solutions to Cultural Institutions, Commercial Real Estate The National Alliance Notes Board Additions Reinsurance Group’s Cohen Named Woman of Year Key Insurers Withdraw Support for Federal Asbestos Trust Fund but Sens. Frist, Specter Push Ahead Industry Veteran Lejfer Opens Environmental Wholesaler IVANS Survey: Independent Agents Concerned About Internet Security; 80% Fear Viruses, Worms Best Assigns Issuer Credit Ratings for AIG’s Insurance Subs; Ratings Status is Under Review Best Comments on Universal Underwriters Group; Downgrades UULIC Rating ACE Expands Disaster Mortgage Distribution Channels Through General Agents S&P Lowers GE Insurance Solutions Ratings; Off CreditWatch; CEO Comments Wachovia to Purchase Palmer & Cay Target Insurance Services Launches 3 New Programs: Home Inspectors, Large Law Firms, Accountants Aon Appoints Case President and CEO Argonaut Group Acquires Renewal Rights of Fireman’s Fund Binding Authority Business The Main Street America Group Names Restrepo Senior VP of Insurance Operations Spitzer Says No Criminal Charges Likely Against AIG; Greenberg’s Lawyer Maintains No Fraud Committed Liberty Mutual Joins Foes of ACE Re, Brandywine Sale AIG Halts Removal of Documents in Bermuda; CEO Sullivan Sends Letter to Shareholders Best Downgrades ERAC Ratings to ‘B++’ Best Announces Rating Actions on Subsidiaries of GE Insurance Solutions; CEO Comments S&P Report Describes Increased Access to Capital Markets for Small, Mid-Sized Insurers One Person’s Slightly Used Auto Insurance Policy is Another Person’s … Treasure? From Detroit and Philly to Chattanooga and Roanoke, City Drivers Pay More or Less Study: Coordinating Care for Chronically Ill Does Not Increase Liability S&P Report Notes Slower Growth in U.S. P/C Surplus Fireman’s Fund Launches Nationwide ‘Identity Theft’ Recovery Service National News Archives
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