National News for March 2004 S&P Affirms AIG’s ‘AAA’ Ratings Commercial Brokers Favor TRIA Renewal Says CIAB AIADA Notes Older Drivers Safety Concerns Chubb Launches New Community Bank Package State Insurance Regulation Harmful to Consumers, Trade Group Tells Congress PIA National Elects 2004-2005 Officers Chubb Launches New Ad Campaign I.I.I. Reports Auto Insurance Rate Increases Dropping By More than Half Study Backs Dual Regulation of Life Industry St. Paul, Travelers to Merge April 1 ACE USA Names McGeehan Prof. Risk Sr. VP-Marketing IIABA Upgrades Big “I” Markets Software Industry Advised on Ethical Multi-Cultural Sales Survey: Health Reform Key Election Issue RGL Continues Expansion Plans with Addition of Offices in Boston, Las Vegas Jewelers Mutual Adds Less Expensive Coverages Amendment to ‘Model Regulation’ Opens Door for Insurance Agents, Consumers, Life Settlement Industry ACE USA Launches Energy Excess Casualty Practice Manulife-Hancock Deal Unopposed at Mass. Hearing Agents Lobby to Renew, Reform National Flood Program MetLife Auto & Home in Alliance with Home Depot AIG’s National Union Launches Mutual Fund IDL Premier Investment in Workplace Safety Keys Positive Bottom Line Results for Businesses, Economy ESIS Appoints Kulbick Sr. VP Product, Service & Delivery Schinnerer Program Offers GL Policy to Educational Institutions in 45 States SCA Enterprises Inc. Opens National Desk Review Company CDA/Corporate Desk Audit Liberty Mutual Reports Net Income Up 67% in Busy 2003 Schinnerer Upgrades Broker Launchpad for Real-time Use Shareholders Approve St. Paul Travelers Marriage Patients’ Right-to-Sue Case Reaches Supreme Court Carter Added as Nominee for Marsh & McLennan Board Report Backs Government Role in Malpractice Insurance St. Paul and Travelers Settle Merger Lawsuits Former U.N. Weapons Inspector, White House Economist Address National Insurance Leadership Symposium Insurers, Agents Back Oxley’s ‘Middle Ground’ Proposal New Resource to Enhance Value of List Management Main Street America Group Chooses Millbrook for Enterprise Needs nuServe Expands Software Services for MGAs CNA Unveils Enhanced BAPP Independent Agents’ Market Share Growing Steadily, Says IIABA Study PCI Outlines State Lobbying Push for 2004 Self-Insured Health Plans Risky, Says Group Best Downgrades Winterthur’s U.S. Subs to ‘A-’ ACE USA Appoints New VP Head of Emerging Issues PCI Urges NAIC to Leave Insurance Scoring to States St. Paul Unveils Property, Liability Cover for Overseas Operations States Campaign Against Bogus Sales Electronic State Filings Proving to be Popular 20 States Considering Compact NAMIC Backs Withdrawal of Sarbanes-Inspired Proposal AIG Unveils Professional Liability Coverages for Homeland Security Department Contractors NAIC Adopts Market Analysis Handbook Grasso Subpoenaed in AIG Share Probe MBIA Board Implements Succession Plan Insurance Journal Promotes Ring to Vice President of Sales & Marketing Credit-Based Scoring Tops AIA Agenda at Spring NAIC Gathering in New York City CIS Notes Availability of Two-Way Integration Between AIM and AMS-Rackley PolicyRater Virginia Senator to Address Agent Legislative Conference in Washington, D.C. Feds See No Harm in Anthem-WellPoint Merger New Workers’ Comp Tool Compares States Aon to Push Middle-Market Captives MarketScout Chairman Notes Rate Reductions Big “I” Markets Adds National Interstate Recreational Vehicle Program to Product Line A.M. Best Report Targets New Company Formations Aon Creates New Practice for Public Entities Consulting Risk and Insurance Management Benchmark Survey Chronicles Turbulent Year for 2003 Chubb Sub Ordered to Pay Ex-Tyco CEO’s Legal Costs P/C Insurers’ Profits Double First Three Quarters of 2003; Industry’s Underwriting Loss Sees Improvement Berkshire Hathaway’s Fourth Quarter Earnings Soar; Profits Driven by Insurance Operations A.M. Best Reports on Financial Strength, Debt Ratings for American Re Fitch Reports Better 2004 for U.S. CCRC’s; Nursing Homes Still Tough NAMIC Claims State Regulators’ Drive to Implement Best Practices for Credit Scoring Use Not Necessary Venture Programs Expands Services through Web-based Underwriting Facility Zurich North America Names Taylor as President of Financial Enterprises Center AIA Addresses Actions Taken by State Commissioners’ Working Group on Credit Scoring Use RIMS, Marsh Crisis Academy Join Forces to Provide Crisis Readiness Courses Online Sales of Variable Annuities Bounced Back in 2003 AIG Higher Education Risk Solutions Unveiled to Meet College and University Risks Congressman Frank Guest Speaker at IIABA National Legislative Conference Conn. Approves Travelers-St. Paul Merger with Certain Conditions ACT Report Cites Benefits of Real-time Technology NAIC, PCI Issue Statements in Response to Consumer Group Criticisms on Regulatory Reform PWC Survey Finds Challenges with Insurer Enterprise Risk Management Implementation S&P Report Examines U.S. Insurer Failures in 2003 Industry Hopes Flex Rating Is Next Step for Restrictive States Increased Insurance Industry Regulation Poses New Challenges, Says LOMA Research Report AIG Private Client Group to Provide Complimentary Background Checks for Policyholders’ Household Staff Visa Expands Auto Rental Insurance Coverage XDimensional Technologies Delivers Business Continuity Operations and Disaster Recovery for its Customers Fitch: Competition May Brake Auto Rate Increases Midsize Cars Earn Poor or Marginal Ratings in Low Speed Bumper Crash Tests HSB Launches InstantQuote for Equipment Breakdown Insurance AscendantOne Awarded Contract by NOVA Casualty Co. National News Archives
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