National News for October 2008 Fatalities Up 50% in Animal-Vehicle Crashes Aon Reports 6% Revenue Boost in Q3 AIG Pays Down Some of Fed Loan Using Other Government Program Ex-CEO Greenberg Warns AIG Running Out of Time to Be Saved Former Employees’ Skepticism Cited in Investors’ Lawsuit Against Lehman Hanover Insurance Posts Q3 Loss But CEO Sees Positive Trends Selective Insurance Posts Profit Despite Storm Claims, Investment Decline The Hartford’s Q3 Loss Reported at $2.6 Billion Amputee’s Case Asks If FDA Label Immunizes Drug Firms from Liability Ace CEO Says Insurers Wrong to Seek Taypayer Funds CEO of New Marsh Retail Agency Sees Lean, Nimble Operation Berkley Records Q3 Loss; Sees New Units Benefiting from Market Turmoil Best Upgrades Darwin Group’s Ratings after Acquisition by Allied World Wall Street Marks Grim Anniversary of 1929 Crash Empathy, Communication Rank High in Auto Claims Satisfaction Web Site ‘Bridges’ Relationships Between Insurance Agents, Brokers FDIC Could Become Federal Insurance Regulator, Says Chief National – Rating Roundup: CNA, Horace Mann, Southland A.M. Best, Moody’s Affirm CNA Ratings Following Loews Cash Boost Business Income And Dependent Property Coverage Rescues More Than Just Dairy Farmers Zurich Names Whitehead to Head Excess Casualty Unit Travelers, Chubb Protest U.S. Aid for Insurers; Life Insurers Welcome Help Insurance Affordability: Three East Coast Regulators Weigh In Venbrook Establishes National Transportation Division Survey: P/C Premiums Decline Again as Industry Enters ‘Uncertain Times’ U.S. Treasury Mulls Aid Program for Life, Bond, Mortgage Insurers Loews to Inject $1.25 Billion Into CNA Insurance; CEO to Step Down Early AIG Names DeSantis President, CEO of Personal Auto Group Economic Downturn Presents Challenges for Title, Mortgage Industry Insurers to Pay $11.5 Billion in Q3 Catastrophe Claims Property/Casualty Insurers on Government Rescue Funds: No Thanks Experts Warn Businesses of Financial Impact of Cyber Risk AIG Has Drawn $90.3 Billion of $123 Billion Government Loans AIG Names Two to Lead Restructuring; Firm May Need More Cash Hurricane, Investment Losses Cut Into Chubb’s Q3 Profit How Employers, Agencies Are Responding to the Financial Crisis Marsh Forms Agency to Serve Small U.S. Businesses Liberty Mutual Serves Up Loss Control Unit for Insurance Agents, Buyers SEC’s Cox Calls for Closing Financial Services Regulatory Gaps Aon Consulting Names Longiotti as Central West Regional Director Venture Launches Coastal Property Coverage Under New Facility Risk Managers Report Price Softening Despite Cat Losses, Financial Crisis Allstate Posts $923M Net Loss for Q3 Antilock Brakes Could Save Motorcyclists, Says Insurance Group Lawmakers Blast Rating Agencies for Role in Financial Crisis Ratings: Hartford, Standard Casualty, American Road, Lawyers Mutual BRP, QBE Offer Packaged Liability Policy for Small, Mid-Sized Firms SEC Reports Big Jump in Enforcement Actions Texas Exec Named to The Council of Insurance Agents & Brokers Board Travelers Takes Q3 Hit from Hurricanes Towers Perrin Sees P/C Insurer Surplus Decline of 8% for Q3 Delaware Court Approves $115M Settlement with Former AIG Execs Travelers Soothes Investors; Cites Opportunities in AIG Debacle New York AG Confirms Pay Freeze for Ex-AIG Execs Sullivan, Cassano What Keeps Independent Agents Awake at Night? Commissions Just One of Several Concerns Fireman’s Fund, Leavitt Recreation Offer Campground Coverages U.S., New York Officials Probe Credit Default Swap Market DarwinPro Merger with Allied World a Done Deal Brown & Brown: Revenues Up Even as Insurance Prices Falling Survey: U.S. Firms Prepare for Rise in Litigation After Two Years of Declines Reputational Risk: Is It Time for Bankers to Risk an Apology? The Era of Re-Regulation is Upon Us AIG Environmental Enhances Pollution Legal Liability Coverage Annual Survey Lists Top 10 Ease of Doing Business P/C Insurers Lawmaker Wants Details on How AIG is Spending U.S. Loan The Hartford Closes on $2.5 Billion Investment from Allianz SE W.R. Berkley Estimates $41M Storm, $143M Investment Losses for Q3 $18B National Flood Insurance Debt Does Not Add Up! AIG Agrees to to Recover Top Executives’ Pay, Cancel Conferences AIG Hires Firms to Advise on Sale of Assets Including Hartford Steam Drug Manufacturer Pfizer to Pay $894 Million to Settle Lawsuits Six Independent Agencies Named as Best Practices Top Performers Fitch: Insurers Face Mounting Pressure on Ratings Worldwide Bank Holding Companies’ Insurance Revenue Jumps 9.5% Top U.S. Lawmaker, Ex-SEC Chief Blast Lax Regulators New York AG Goes After AIG Exec Compensation, Event Expenses McGovern, Duggan Join National E&S Insurance Brokers W. R. Berkley Forms BerkleyPro; Benedetto Named President Aon Selling Auto Insurance Broker in California to Mercury General Wells Fargo Seeks to Block Citigroup Damages AIG Commercial Insurance Unit Financially Fit and Fighting Back House Leader Frank Vows to Regulate Credit Default Swap Market Law Firms Anticipate Boost in Business from Economic Crisis Ex-CEO Greenberg Urges AIG to Renegotiate $85B Loan or Perish Lehman Failure Seen as Straw that Broke Credit Market, AIG Lehman Debt Auction Gives Clue to Potential Insurance Payouts AIG Has Drawn $70 Billion of Government Loan AIG Crisis Highlights the Need for Insurance Professionalism Independent Agent 2.0: Branding Through Blogging and Beyond Greenberg: AIG’s Risky Subprime Activity ‘Exploded’ After He Left Insurers See Lower 3Q Income, S&P Revises Life Insurer Outlook Study Shows Unintended Consequence of 1st-Party Bad Faith Liabiity Is ID Theft Insurance Worth Recommending to Agency Clients? Reflections on the Fate of AIG Rating Roundup: Sedgwick, Penn Treaty (Subsidiaries), Aviva Wells Fargo Wins Battle for Wachovia; Citi to Seek Damages SEC Chief Cox Urges Congress to Regulate Credit Swaps Citi, Wells Fargo Extend Cease-Fire Over Wachovia Deal Former AIG Executives Draw Fire from U.S. Lawmakers Conning Research: Challenges Looming for Homeowners Insurance AIG’s CEO Says ‘Exec Retreat’ Not for Employees AIG Domestic Life Units Get $37.8 Billion Cash from Federal Reserve House Committee to Hold Hearing on AIG Bailout Today Pressure Rising for Tighter Regulation of Insurance, Financial Services AIG Had Early Warning from Government Regulators on Risk, Says House Chairman Travelers Aviation Adds New Coverages, Risk Control Services Satisfaction with Home Insurance Flat But Gains with Auto S&P, A.M. Best Watching The Hartford’s Ratings Wachovia, Citi, Wells Fargo to Halt Litigation PWC Accounting Firm Reaches $97M Settlement with Ohio in AIG Case AIG in Talks to Sell Personal Lines; Transatlantic, Hartford Steam on the Block Best, S&P Keep Most AIG Ratings under Review/Negative Why The Hartford Took a Hit on Wall Street Allianz Agrees to $2.5 Billion Investment in The Hartford Sullivan Group Forms Sullivan Brokers Wholesale Insurance Solutions Regulators Seek to Resolve Rival Citi, Wells Fargo Bids for Wachovia State Regulators See No Trickle-Down from AIG Parent to Insurance Units President Bush Signs $700 Billion Wall Street Bailout Bill As Financial Crisis Continues, Blame Game and Lawsuits to Begin AIG to Keep Its Commercial Property/Casualty Insurance, Sell Some Other Units In Focusing on Customer Retention, AIG Vows to Maintain Pricing Discipline Wells Fargo Agrees to Buy All Wachovia Operations; Citi Deal Off? Wall Street Looks to House After Senate Approves Rescue Measure AIG Soccer Team, Wachovia Arena Among Sponsorships with Identity Crisis Blues’ Study: Health Insurance Purchasing Groups Drive Up Costs First Guard Insurance Offers Coverage for High Value Tractors Investors Jittery After Sen. Reid Insurer Comment Willis Completes HRH Acquisition Toyota Develops Rear Window Air Bag Senate to Vote Tonight on Revised Wall Street Bailout with Tax Cuts Greenberg Seeks Chance to Bid on AIG Assets Put Up for Sale Real Estate Lawyers Face Rising Malpractice Claims Financial Crisis Spurs CFOs to Weigh Risk Management Practices Allstate Launches Brain Fitness Program to Improve Older Driver Safety P/C Insurers’ Net Income, Profitability Fall Sharply in First-Half 2008 Insurance Institute for Highway Safety Says Booster Seats Not Doing Job Broker Uses AIG’s Problems to Create a ‘Super’ Product N.Y. Insurance Chief Would Vet Greenberg Bid for AIG Units National News Archives
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