National News for August 2004 Weiss Ratings Names Fador CEO The Hartford Estimates $140M in Charley Losses Eastbridge Report Redefines Benefits Business Weiss: P/C Insurers Report First Underwriting Profit Since 1997 CitiGroup, Wells Fargo and BB&T Lead Bank Holding Cos. in Insurance Brokerage Fee Income NAMIC Names Anderson as SVP of Member Services Guaranty Fund Reforms Passed in Legislative Sessions Hearings on Motor Carrier Safety Scheduled Tropical Storm Hermine Heads for Northeastern U.S. PCI to Hold Inaugural Annual Meeting in October Web Site Advises Homeowners on Oil Tank Safety Hudson Insurance Group’s Environmental Program Expands to 46 States, D.C. SEER Insurance Inspections Appoints Wilson PIA Encouraged, But Will Not Endorse SMART Bill Crump Insurance Services Names Hargrove COO PCI Plans High Profile Presence at Republican National Convention St. Paul Travelers Hit With Class Action Suit Over $1.6 Billion Reserve Charge CNA’s Revised D&O Product Includes Personal Asset Coverage NIF Launches Series of Financial Weather Products NAMIC to Hold 109th Annual Convention S&P Revises Clarendon Outlook to Stable Chubb Estimates Pre-Tax Losses from Hurricane Charley at $35 to $40 Million; Contributes to Relief Efforts AMS Holding Group Announces New Corporate Name PCI Comments on Federal Regulatory Reform Proposal TV’s ‘Apprentice’ Now Life Insurance Star AIG Offers Corporate Flight Workers’ Comp Coverage Federal Oxley-Baker Bill Would Require Competitive Rating and Uniform Regulation by States City of Hope, California Insurance Council Honors Scottsdale Insurance President Williamson ACE USA Forms ACEONLINE; Benson Named President Starr Foundation to Donate $1 Million to Hurricane Charley Relief Efforts Workers’ Comp Payments Grew Faster Than Wages for the Second Year in a Row, Study Says Venture Programs Adds New Restaurant Package National Union Fire Introduces New Professional Liability Policy for Consultants Nationwide Estimates $400 M in Losses from Charley Hurricane Insurance Information Center Opens in Florida Berkley to Offer $150 Million in Senior Notes; S&P Rates Issue ‘BBB’ AIG Estimates Charley Losses at $80 to $100 Million Judge Dismisses Suit Against OxyContin Maker Panel Takes Fresh Look at Terrorism Best Assigns ‘bbb’ Debt Ratings to Markel Notes IAB Issues Research Findings on “How Insurers Can Recapture the Mass Market Profitably” NAMIC Strongly Opposes IASB Merger Proposals for Mutual Companies NAMIC Reviews State Efforts on Legal Reforms J.D. Power Study: Satisfaction High for Auto Insurance Consumers Using the Internet A.M. Best Announces Update of Rating Methodology: Rating Members of Insurance Groups U.S. Bankruptcy Court Approves $500 Million St Paul Travelers Asbestos-Related Settlement Aspen Specialty to Open Ga., Ariz. Offices I.I.I. Estimates Insurers Will Pay $7.4 Billion for Charley INAMAR Launches Personal Watercraft Program Csiszar Named President of PCI; Resigns as S.C. Insurance Regulator, President of NAIC The Hartford Recognizes Top Agencies Insurers Say Charley Not as Devastating as Andrew ACE Forms Financial Services Industry Practice Fitch Sees Improving Workers’ Comp Market, But Warns Earnings May Be at Cyclical Peak NSU Chooses Miller to Lead Healthcare Division Lee, Moon Capture IIAJC Titles W. R. Berkley Forms Entertainment/Sports Division RMS Revises Hurricane Charley’s Insured Loss Estimate to Around $5 Billion Charley Represents Material Loss, Fitch Says Best: Majority of Insurers Will Meet Charley Commitments; Industry Not to Be Significantly Weakened Insurers Say Andrew Prepared Them for Charley ACE USA Offers Evacuation Coverage While Others Flee Dangerous Charley, Crews from MacDill Air Force Base Head Directly for the Storm Storm Bonnie Spawns Tornadoes from Fla. to Va. RMS: Hurricane Charley Insured Losses Could Top $15 Billion as Storm Moves PCI Supports NAIC Drafting Note Change; Criminal Background Check Model Should Be Delayed PCI Rebuts Wall Street Journal TRIA Article GreenWood International Promotes Pair RMS: Direct Charley Hit Losses Could Top $10 Billion St. Paul Travelers Forms Entertainment Unit DOT Reports Low Highway Fatality Rate for 2003 Summer in the City: Unconventional Insurance and Olympian Security in Age of Terrorism Risk Prime Offers Insurance Coverage for Contractors Group for Black Insurance Pros to Convene in Chicago Visitors to U.S. Offered Health Coverage Liberty Mutual/SADD Teen Driving Study Reports Kids Follow Lead of Parents IBM Presents Tech Lecture at Annual Meeting Farmers Insurance Cautions Vehicle Owners on Windshield Replacement Scams DRI Calls on Congress for 2-Year Extension of TRIA Judge Rules OSHA Must Disclose Safety Violators AIR Releases 2004 U.S. Storm, Terrorism Models SUV Group Credits NHTSA System Improvements OSHA Urges Federal Employees to Buckle Up American Re Unveils Q2 Report NAIC Agrees to Changes in Public Adjuster Licensing Model Act The Hartford Reports Q2 Net Income of $433 Million Multi-State Study of Credit Scoring Called Off Survey: No Relief from Litigation for Big Firms Aetna Launches Specialty Pharmacy The Expanding Ability of an Insurer to Recoup Costs Expended for Uncovered Claims CPCU Annual Conference Set for October Three Unitrin Companies Join Trusted Choice Insurance Provider Finds Patent Risks in Linux CNA Surety Posts 2Q Results Amid Heightened Security, Financial Firms Including Citigroup, AIG, MetLife and Pru Tend to Business Defense Counsel Elect Lawler as President Allstate Workplace Division Unveils New Worksite Application for Independent Agents Quality Customer Service Vital for Satisfaction, Progressive’s Survey Says U.S. Places Financial Centers in N.Y., N.J. and D.C. on High Terror Alert St. Paul Travelers Reports Q2 Loss Following SEC Guidance on Loss Reserves Penn National Joins PCI NAMIC Issues P/C Legislative Analysis National News Archives
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