National News for December 2005 FTCR: Insurers Inflated Med-Mal Claims to Justify Rate Hikes Western Security Surplus Taps Stevens for COO The Hanover Plans $200M Repurchase Insurers Can Use ISO Terrorism Forms Under TRIA Extension White Paper Analyzes Loss Retention Under Terrorism Extension Act Take Insurance Journal’s Agency Automation Survey State Auto Financial Named “Best Managed” by Forbes La., Miss. Relief Agencies to Share $125K in Aid from Council Foundation As Tax Season Approaches, Accountants Reminded of Liability Risks Insurers’ Income, Surplus Rise Despite Record Catastrophe Losses NAIC Announces New Staff in D.C. 2005 Hurricane Losses to Top $57 Billion, Advisen Reports Odyssey Investments Buys Stake in York Insurance Services Fidelity National Financial to Acquire Claims Firm Sedgwick States Balk at Automakers’ Liability Shield Under New Roof Standard Burns & Wilcox Offers New Contractors’ Environmental Market Patterson to Lead ACE Risk Management Subsidiary ‘Twas Risky Night Before Christmas…an Insurance Holiday Tale The Hartford Marks 10 Years as Public Company and Its Split from ITT Federal Vioxx Retrial Set for Feb. in New Orleans W.R. Berkley Names Hewitt, Kamford and Stone to Top Posts Ho-Ho-Ho: Liability Waiver Promises to Shield Americans from Santa’s Fat Suits ICAT Launches Commercial Builder’s Risk Cat Product Fed Study Raises Doubts About Proposed Asbestos Trust Fund Farmers Offers Tips on Keeping Homes Safe During the Holidays Update: Businessman Found in Chicago River NAMIC Unveils New Legislative Information Service House Advances Liability Protection for Bird Flu Vaccine Makers Financier Frankel Gets Prison Deal in Exchange for Assets Recovery Aon Clients Accept Claim Settlements Northland Rolls Out Non-Fleet Coverage Enhancements Marsh Names Burns as CFO GMAC RE Establishes New Excess & Surplus Lines Unit A.M. Best Report: Terrorism – Too Risky Without TRIA Guy Carpenter Study: U.S. Tort System Less Hostile to Corporate Defendants, Their Insurers Liberty Mutual Hires Former 9/11 Fund Head to Mediate Hurricane Claims Insurance Actuaries Prepared for Even More Damaging Hurricanes Congress Passes TRIA Renewal; Legislation Sent to President’s Desk Patriot Act Re-authorization Nixed by U.S. Senate N.Y. AG Spitzer Claims Greenberg Shorted Charity 35 Years Ago Katrina & Rita Opened a “Pandora’s Box” for P/C Industry, Says S&P CNA Launches New Small Business Product Combining Former Policies OSHA Responds to Gulf Coast Cleanup with New Guidelines Wells Fargo Chooses Wissinger to Lead Acordia Inc. Csiszar Urges Support for Gov. Barbour’s Flood Grant Proposal Harvard Study: Carpal Tunnel Not Caused by Computer Use Brokers in Pursuit of Professional Liability Coverage With Only Few Days Left, Industry Presses on Terrorism Insurance Litzky Chosen as Vice President for AIG Corporate Governance Hallmark Financial Services to Acquire Aerospace Holdings National Producer Registry Appoints Big ‘I’ Exec as Vice President National Union Fire’s Hedge Fund Protector Targets $875 Billion Industry Texas, Illinois Lead in Latest ‘Judicial Hellholes’ Ranking Colemont Launches Recall Risk Management Program Virginia Authorizes Partial Payments on Reciprocal of America Claims W.R. Berkley Launching Aviation Underwriting Facility Federal Vioxx Trial Ruled Mistrial Hurricane Katrina: The Long Road to Recovery Agents Exercise Skills to Build Insurance Program Muscle Personal Lines 2006 Outlook Stable, S&P Report Says Best Reacts to ProAssurance Corp.’s Planned Purchase of PIC Wisconsin U.S. Transportation Dept. Provides $40M for Katrina-Damaged Roads Insurer Downgrades Possible Without Terrorism Insurance Renewal National Assoc. of Insurance Commissioners Elects Officers Regulators Hear Industry Concerns on National Insurance Catastrophe Plan Fitch Reviews U.S. Insurance Industry in 2005; Looks Ahead to 2006 Insurers Urge Regulatory Modernization, Study of Cat Risk Insurers Reject Alternate SOX Proposal House Floor Vote on Terrorism Insurance Expected Today Regulators Award Accreditation to Indiana, Michigan and D.C. Fitch Revises Aon’s Outlook to Stable House of Representatives Passes Terrorism Insurance Bill Rosput Reynolds Named Safeco President; Brown Elected Non-Executive Chairman of the Board PIA Supports House Passage of TRIA Renewal for Two Years GAB Robins Names Mansfield as CFO Willis Buys N.Y.-Based Armored Car Insurance Specialty Broker GMI of Pa. Named Managing General Underwriter for XL Insurance Ohio Casualty Renews CEO Carmichael Pact for 5 Years XL Announces Changes in Leadership at Specialty Marine and Energy Unit Blue Cross to Open Bank to Manage Consumer Directed Health Plans Drivers Living Near Restaurants Pose Higher Risk Than Church Neighbors U.S. Marines Begin Offering Traumatic Injury Insurance Program America’s Actuaries: Permanent Government Role in Terrorism Insurance Necessary Insurance Industry Ranks Safest Cars Maike Joins ACORD as Director of Standards Planning Venture Hospitality Adds Workers’ Comp Market Thinking of Some Office Holiday Party Hanky Panky? Think Again Insurance Regulators Approve 2006 Budget at Winter Meeting Liberty Mutual Captive Management Now in Montana, Cayman Islands HCC Closes Acquisition of Perico The Hartford Adds Identity Recovery Coverage to Business Owners Policies John B. Collins Adds 4 Facultative Reinsurance Brokers Segal Sentenced to More Than 10 Years in Prison XL Capital Forms Excess Surplus Unit Camelback Captive & Risk Management Services Form Alliance Supreme Court Sides With Va. Landlord Over Renters in Toxic Mold Lawsuit Investors Turn Up Heat on Insurers to Disclose Risk from Climate Change National News Archives
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