National News for September 2003 ACE Westchester Specialty Group Program Division Forms New Umbrella/Excess Liability Unit Tailgating the Most Common Driving Error, Study Finds $14.5 Billion First Half Profit for P/C Industry Travelers Inks Deal for Most of Atlantic Mutual’s Marine Biz A.M. Best Downgrades Royal & SunAlliance USA Calif. Legislative Session Adjourns With New Privacy Law, Work Comp Reform Industry Adopting Enhanced RMS Risk Models for U.S. Catastrophe Risk CDS Releases Updated Version of Hail Model Ore. WC Rates Flat for 2nd Straight Year ISO’s New Policywriting Support Forms to Help Insurers Comply with Legal, Regulatory Requirements Igneous Deploys Internet Strategy to Enable Greater Efficiencies Between NIA Brokers, Members Farmers Group to Leave Med-Mal Business Canter to Rely on Established Big “I” Programs in Meeting New Challenges Do Not Call’ Do Not Bother Uniform National Standards Necessary in FCRA Reauthorization BISYS Announces James L. Fox Promoted to CFO Do Not Call Blocked by Okla. Fed Court Chubb Offers Insurance to Defray Emotional, Financial Impact of Crime Congressional Review of Punitive Damages Welcomed by Alliance RMS Updates Insured Loss Estimate for Hurricane Isabel to $600M S&P Raises Willis Group Counterparty Credit Rating IIABA Tackles Mold Issue at INFOXCHANGE Chubb Backs Federal Employment Non-Discrimination Bill Target Insurance, Lloyd’s of London Team Up to Offer Professional Liability Program Claims From Isabel Expected to Approach $1 Billion ACE USA Creates New Construction Group NAIC Releases Proposed 2004 Budget NAPSLO Special Coverage S&P Issues Report on Isabel and Insurance Rtgs Lloyd’s CEO Tells Industry Time is Ripe For Transformation The St. Paul Introduces New Management Liability Products for Ins Cos U.S. Chamber, AIG Join in Launch of Web Site to Help Small Businesses Terrorism Still a Concern, Alliance Says Underwriting Discipline Needed to Restore Profitability to Homeowners Market Broker-Dealers as Custodians Get Qualified OK in Close NAIC Vote RMS Estimates Industry Losses of $500M from Hurricane Isabel Luxury Vehicles on East Coast Targeted for Theft, Export to Nigeria To Avoid Liability, Companies Advised to Protect Computer Systems Poll Tabs American Re as ‘Best Overall Reinsurer in the U.S.’ Conning Says Car Owners Subsidizing Premiums for Light Truck and SUV Owners New Survey Reportedly Highlights Need for Class Action Reform CAT-i, RISK-i Reports Offer Information on Losses A.M. Best Says P/C Industry Maintains Improving Results, Staying Power Questioned American Collectors Makes Available Interactive CD-ROM Presentation Travelers Receives Awards for Achievements in Technology NAII Supports NCOIL’s Draft Market Conduct Model Law; Specific Concerns Linger Mich. Auto Rates Up 7% This Year Durland Elected President of ASCnet Fla. Moving Ahead on Tightening PIP Requirements Workers Compensation Nationwide in Latest Release of AQS’ V3 Galileo Travelers P/C Adds Real-Time Billing Inquiry and On-Line Policy Summary for Personal Lines NAII Applauds House Passage of FCRA Reauthorization National PIA Recognizes GMAC Insurance’s Pierce Sales Management Consulting Added to MarshBerry’s Services S&P Cuts R&SA’s Ratings, Reports RSA USA Outlook’s Negative Aon Fund Assists Children of Employees Lost on 9/11 NAMIC Reacts to House Passage of FCRA Legislation Homeowners Insurance Expects 8% Jump in 2004 Aspen Expands Into U.S. E&S Business; Acquires Dakota Specialty Insurance Co. Insurers Sue Terror Supporters for 9/11 Losses Schinnerer Unveils Educational Coverage for Colleges and Universities NACE 2003 Conference Offers 45+ Educational Sessions Applied Systems Selects LiveVault to Ensure Data Protection for Agencies Supreme Court’s Decision Could Impact Quality of Nursing Home Patient Care Rating Agencies Take Action on R&SA USA ACE USA Professional Risk Announces New Leadership Risk-Based Capital, Scoring Will Highlight NAIC Meeting Mold Legislation Slows to a Crawl in Statehouses, Alliance Says Travelers Buys Renewal Rights To Comm. and Pers. Lines Businesses of R&SA AMS to Provide Employee Benefits Automation Weiss Ratings: U.S. Insurers’ 9/11 Losses Reach $9.3 Billion Calif. Commissioner Pushes for WC Reform DHS Offering Special Liability/Immunity Protections for Companies CPCU Society’s 59th Annual Event Set for Oct. 11-14 Cocke New IIABA CFO AMS Adds State Auto to List of TransactNOW Clients Report R&SA to Post Good 1st Half Profits; May Revive Rights Offer Mass. Workers’ Comp Bureau ‘Regrets’ Commissioner’s Decision to Cut Rates Fraser to Address NAAIA’s National Conference XL America, ICAT Form Partnership to Underwrite CAT Risks for Small and Mid-Size Businesses National News Archives
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