National News for February 2006 Fireman’s Fund Chooses Bussman as Chief Information Officer Greenberg’s Starr Agency to Offer ACE and Berkshire Hathaway Products Broker Lockton’s N.Y. Retail Office to be Run by Former Aon, Willis Execs Guy Carpenter and MMC Securities Unveil Review of CAT Bond Market AIG Forms Specialty Excess Unit to Handle C.V. Starr, Other Business NCOIL Panel Emphasizes Up-to-date Building Codes, Disaster Mitigation Six Months After Katrina, New Orleans Far From Whole U.S. State Regulators Reaching Out to Foster International Standards Aetna Buys Broadspire Disability Business, Aiding Cross-Sell Strategy Navigators to Acquire D&O, EPL Portfolio from Genesis Sarbanes-Oxley Oversight Board Facing Constitutional Challenge Capsized N.Y. Tour Boat’s Insurance Broker Focus of 3-State Probe Industry Hid Risks to Workers of Chromium, Watchdog Group Charges Hurricanes Drive 39% Decline in Net Income for Giant State Farm S&P: Insurer Reserving For Soft Market Years Remains Problematic The Hartford’s Life Operations Creates Two New Units NCOIL Resolution Supports State Regulation of Insurance Legislators Considering Resolution Opposing Federal Preemption GE Insurance Solutions: Are Insurers Prepared for the Perfect Storm? Christie Joins Euler Hermes ACI as Regional Vice President Preferred Club Program Adds D&O Market from RSUI Postal Customers Gain Right to Sue for Tripping Over Mail New Book from PERI, Natural Hazards Center Assists in Disaster Recovery White House Says It Learned Lessons from Hurricane Katrina Supreme Court Blocks Individual Civil Rights Suit Against Firm Lawmakers Question Arab Company Takeover of Major U.S. Ports Financial Summit to Discuss Federal Insurance Charter Options Insurity Names Oyola as Regional VP, Menard as Client Executive Report Details Injured Nuclear Workers’ Frustrations with U.S. Benefits System Jury Clears Drug Maker Merck in First Federal Vioxx Case The National Law Journal: Top Verdicts, Punitive Damages Fall in 2005 Travelers Offers Hybrid Owners 10% Auto Discount Legislators to Examine National Mega-Cat Plan at Spring Meeting Actuaries to Research Avian Flu Pandemic Impact on Industry comScore: 24% Growth in Auto Quotes and 29% Gain in Online Policy Purchases in 2005 Mid-Continent Expands New Med-Mal Program Nationwide GE Insurance Remains On Watch Pos Pending Completion Of Acquisition Association Execs Endorse Aon’s Employee Theft Insurance Program Safety Advocates Urge Back Seat Belts for ‘Tweens’ Fitch Affirms Ratings for CNA National Auto Agents Alliance Gathers for Semi-Annual Board Meeting Former Gen Re, AIG Execs Plead Not Guilty to Reinsurance Fraud Charges Former GE VP Smyth Joins Willis of North America as CFO Best Continues Negative Outlook on U.S. Commercial Sector AIG Severs Ties with C.V. Starr; Expands Own Global Energy Unit Best Maintains Stable Outlook on Personal Lines Market Segment CNA Sees Q4 Net Loss of $217M Survey Says Men and Women Differ on Bad Weather Driving Expertise Former FEMA Director Witt to Address Insurers Group, April 9-11 Terrorism Insurance: Pricing Steady, But Long Term Solution Needed, Says Expert Senate Kills $140 Billion Asbestos Fund Over Budget Rule U.S. Risk Insurance Acquires Lighthouse Underwriters Insurers Face Challenges as Injured Veterans Return from War Iowa, Minn. to Host Free Life/Annuity Products Seminar at NAIC Meeting GAO: FEMA’s Weaknesses Exposed Government in Hurricane Responses Congress Backs Further Flood Insurance Borrowing; Sends Bill to Bush NTSB Acting Chairman Emphasizes Board’s Role in General Aviation Safety Beazley Unveils Wage and Hour Coverage as Extension to EPL Venture Technology Expands with Package from OneBeacon ‘Snowfall Predictions’ Next Big Trade at the Chicago Mercantile Exchange Diamonds are Forever? Adjusters Say Wait a Minute Marsh Posts 4th Quarter Profit Hanson U.S. Reaches Asbestos Coverage Agreement with Insurers St. Paul Travelers CEO to Speak at Merrill Lynch Investors Conference Pinkes to Lead The Hartford’s P/C Run-Off Operations Aon’s Agency Specialty Product Network Forms LifeSource Alliance Al RiskSM Unveils Special Events Liability Insurance with AD&D Coverage A.M. Best: P/C Industry Reports Underwriting Loss 9 States Added to RiskMeter’s Distance to Fire Station Report Heidrick, Fouche Take on Marketing Roles with Fireman’s Fund Liability Law Blocks Federally Insured Doctors from Helping in Disasters W.R. Berkley 2005 Net Income Up 24%; Sees New Units Having Impact in 2006 AIG Settlement Includes $343 Million to States for Workers’ Comp Errors Houston Brother, Sister Arrested in Multi-Million Dollar Medical Fraud Case GE Insurance Solutions: Legal Reform Momentum Continues Big ‘I’ Supports Senate Action on Flood Borrowing Authority Mission Insurance Estate Liquidated, Claimants To Receive $530 Million Evergreen Re Adds Sites Best Reacts to AIG Settlement Best Report: What Price is Right? Who Will Blink First? Asks Industry Judge Grants AIG Restraining Order Against Ex-CEO’s Starr Agency Best Places FSR of North American Casualty Under Review Bush Highway Safety Nominee Vows to Address Rollovers, Teen Crashes Chubb Amends Director Rules Beneducci Named President at Fireman’s Fund Insurance JPMorgan Chase & Co. Sell Life and Annuity Business to Protective Life AIG Settles Fraud, Bid-Rigging and Improper Accounting Charges with SEC, N.Y. Travelers Introduces Indian Tribal Workers’ Compensation Product Outlook Good For U.S. Workers’ Comp; State Reforms, Strong Results Factors Insurers Urge Senate to Oppose Asbestos Trust Fund Bill NAMIC Opposed to NAIC as Industry Database Czar Berkshire Hathaway Purchasing Applied Underwriters Motorists Often Overpay for Towing, PEMCO Says St. Paul Travelers Enhances Coverages for Community Banks and Credit Unions Off-the-Job Worker Injuries Outpacing Safety Gains, National Council Says Vioxx Federal Retrial Could Turn on Medical Journal Critique of Study National Union Fire Launches Management Liability Package Study: Primary Enforcement Laws, Bigger Fines Boost Seat Belt Use Eastbridge: Voluntary Insurance Organizations Expect Growth in 2006 PCI Hosting Seminar for Marketers, Underwriters March 26-28 Assurex Global Names New Chairman, Board Members CAS Ratemaking Seminar March 13-14; TRIA’s Future Among Topics CNA Pro Enhances Its Fiduciary Liability Solutions Policy Cooper Gay & Cashman Names Sandercox SVP Hannover Re Taps Rod Fox as Clarendon’s New CEO Insurer Sues to Rescind Environmental Coverage for St. Louis Cardinals U.S. to Fine Nuclear Contractors for Safety Violations for First Time Travelers’ Profits Drop in Fourth Quarter, Asbestos, Cat Losses Listed SEC Files Enforcement Action Against 5 Former Senior Executives of Gen Re, AIG Nationwide Insurance, ID Theft Assist Grows Availability of Coverage Big ‘I’ Seeks Comprehensive Flood Reform as Committee Holds Hearing Allstate Earnings Drop 9% on Hurricane Damages from 3 Storms New Database Tracks Management Liability Claims; Finds Lawsuits Up 33% Insurance Skills Center Hosts Agribusiness Conference I.I.I. Says Nearly 70% of Katrina Homeowner Claims Settled in Louisiana, Mississippi New Orleans Levee Board Questions Premium Increase from St. Paul ‘Big I’ Says Survey Will Help Strengthen Independent Agency System OSHA Reminds Employers to List Injury/Illness Summaries Starting Feb. 1 Financial Institutions Face Significant Security Breach Costs Tillinghast Notes New Appointments NAMIC to NAIC: ‘Alternate SOX Proposal Still Too Much’ National Hurricane Director to Speak at Windstorm Conference Study Examines Non-Profit Exposures and Legal Risks National News Archives
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