National News for April 2003 SIS, Rackley Systems Note Certified Integration Lexington’s Kelley to Keynote at Target Markets Summit AAI Warns Mass. Budget Proposal Would Cost Insurers Gross Elected a Director of NBIS Inc. PIP Reform, Workers’ Comp on Table as Fla. Session Nears End Conning Study Says Workers’ Comp Market Faces Major Shift as State Funds Swell Arch Insurance Group Now Offering New Environmental Coverage W.R. Berkley Corp. Reports 1stQ Net Income Doubles to $71.7M Tillinghast Study Says D&O Liability Premiums Skyrocket as Shareholder Claims Increase Safeco Posts First Underwriting Profit in Four Years AIA Says Newly Revised Federal Hours-Of-Service for Truckers Don’t Go Far Enough ISO Says Insurers Will Pay $1.2B in Storm Claims in 10 States Senate Bills Reportedly Increasing Choice, Lowering Premiums in La. Passes Committee VFS Insurance Group’s Reach Expands Across the U.S. Kemper, Investors Discontinue Negotiations on New Venture FNF Acquires Mutual of Omaha Flood Business NAII Urges Early Adoption of Proposal to Enhance SVO Process RenRe Posts $126.9 Million Q1 Operating Profit ISO’s New Services Now Connects Insurers’ Extranets to Risk-Management, Loss-Control Info. Database International Insurance Group Unveils New Products Premiums for Commercial P/C Moderate; Signs Market May Be Stabilizing Insurity Upgrades Policy Processing System Functionality NAII Pleased with Latest Treasury Rules on TRIA Surplus Lines Certification Program Offers Number of New Completion Options Kemper Auto and Home Enhances Collectibles Program Miller-Richards Promoted to Vice President of Agency Development at IIABA A.M. Best Says Growth in Number of Active Captives Remained Flat in 2002 Markel Corp. Ratings Affirmed; Outlook Positive Institute President Reacts to Full Year 2002 Results Prudential Turns Focus to Captive Agents Alliance Pleased With New Treasury Department TRIA Regs Taking a look at 2002 Results P/C Industry’s Surplus Falls Despite Improvement in Net Income After Taxes Loss Prevention Partnership Releases Mid-Program Report Alliance Study Says P/C Guaranty Fund Assessments Hit 15-Year High Gulf Partners with Corpedia to Reduce D&O Risk of Loss A.M. Best Reports: P/C Premium Growth Solid Navigators Pro Introduces IDL InNAVation Coverage for Independent Directors Privacy Regulations Under HIPAA Raise Concerns for P/C Insurers Markel Co. Expands Private School Coverage Trenwick to Cease Reinsurance Underwriting in U.S. CAS Members Hear Direction of Credit Scoring S&P’s Cuts Attorneys Liability Protection Soc. RRG Ratings; Off Negative Watch N.Y. Ind. Agents Push for Swift Leg. Action to Avert Looming Crisis in State’s Property Market PIA National Board Endorses NAIC ASSURE Initiative Senate Judiciary Comm. Passes Class Action Reform U.S. Congress Hears of N.J. Auto Insurance Crisis PIA National Board of Directors Names New Officers Big ‘I’ Markets and The St. Paul Announce National Unveiling of Three Flagship Products Swiss Re CEO Says Reinsurance Prospects Favorable Despite Current Capital Market Weakness Medical Liability Crisis Not a Hit with America’s Pastime Fiserv, Inc. Pens Definitive Agreement to Purchase Insurance Mgt. Solutions Group, Inc. Travelers Bond Launches Online Premium Indication Tool Risk Managers Don’t See Increased Risk from War With Iraq InsureVianet Expands State Availability for Exec. Liab. Suite U.S. Property Insurance Premiums Beginning to Fall, AON Report Finds Chubb Survey Says Loss Control Spending Increases 17 Percent Health Net Plus Partners with Qmedtrix to Offer New WC Solution ACE Casualty Risk Offers New Products for Environmental Risk Market National Interstate Offering Flood Insurance Alliance Applauds Introduction of Rep. Cannon’s Asbestos Bill Ullico Directors Claim: Actions Perhaps Unethical, But Not Illegal Supreme Court Rules in Important Insurance Legal Case ACE Risk Management to Unveil New Web Site at RIMS Mercator and IVANS Partner to Deliver Automated P/C Transaction AIA Says Asbestos Summit Hopeful for Reform in 2003 RMS Releases Regional Weather Index Values for 2002-2003 Winter Season NAMIC Comments on Interim Rules of Terrorism Risk Ins. Act Afni to Develop West Bend’s Interface for IVANS Tran. Station NAII Comments on Terrorism Risk Ins Act Interim Final Rule IIABA’S Willey Testifies Regarding National Flood Ins. Program Travelers P/C Announces First Quarter 2003 Reserve Actions Industry Must Improve Regulatory Procedures, Ethics Group Says Agents, Brokers Gather in Washington, D.C. Ky. DOI Warns of Fraudulent Billing Scheme S&P’s Report Says Asbestos Driving Rift Between Insurers/Reinsurers SAS Launches New Insurance Industry Solutions Applied Systems Appoints Morgan VP of Business Development National News Archives
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