National News for December 2009 Philadelphia Insurance Cos.’ Founder, Maguire, to Retire U.S. Risk Opens New Reinsurance Broker Goss Re Has to Get Better Captives Fuel Growth and Income for Agency Owners Workers in Cold Climates Advised to Take Special Safety Precautions Special Reuters Report: America’s Route to Recovery Study: Narcotic Drugs Major Cost in Workers’ Compensation Claims States Get Tough on Distracted Drivers in 2010 Rocky 2009 Leaves P/C Agents Hoping for a Better 2010 Pay Czar Approves Retention Pay Raise for AIG Executive Settlement for Countrywide Financial ID Theft Victims Advanced Aon Realigns Global Brokerage Services to Enhance Client Access Best Affirms USAA’s ‘A++’ Ratings Ratings: Catholic Knights, Direct General, Progressive Motor, Prime, Pathfinder, National Contractors, Seven Seas 5 Years After Deadly Indonesia Tsunami, Communities Better Prepared Top 7 High-Growth Industries and Their Unique Insurance Needs Best Affirms Allstate New Jersey ‘A-’ Ratings; Outlook Stable Insurance Agents Move to Beat of Rock ‘n Roll Marketing AIG Halts Efforts to Sell Chartis Shares to Focus on P/C Unit’s Growth Aon Consulting Hires Matson as Large Market Business Developer Study: Homeowner Insurance Claimants Less Satisfied Than Auto Claimants P/C Industry’s Net Income Up; Combined Ratio at 100.7 for Q3 Health Bill Passes Key Senate Vote What Senate Health Bill Would Do AAIS Offers New Homeowners Rating Plan for Earthquake Coverage Best Analyzes AIG; Affirms Most P/C, L&H Ratings; Outlook Negative Austin-Round Rock, Texas, Most Secure Large Metro Area NOAA: United States Better Prepared for Tsunamis Judge Sets Stanford Trial for 2011; Again Asked to Compel Insurance Superior Access Introduces Aviation Insurance Services Fireman’s Fund Offers Allianz Brand Personal Auto Insurance in 11 States Congress Weighs Restoring Wall Between Banking, Insurance Judge Rules for Lloyd’s In Dispute Over Stanford’s Insurance Supreme Court Lets Stand Immunity for Gun Makers ASPN Agency Forms Alliance with InStrategy Group National Flood Insurance Program to Expire Dec. 18 Health Care Reform To Have Major Impact on Workers’ Compensation U.S. Mine Safety Chief Vows to End Black Lung Disease Medicare Expansion May Not Survive in Senate Healthcare Bill Insurance Industry Foundation Grants for 2010 Support Children’s Charities Prible Named VP, Federal Affairs; Cialone, Sr. Director for Big ‘I’ Ratings Roundup: First Colonial, Mount Carroll, Cherokee Goldman Played Bigger Role in AIG Trades, WSJ Reports Watchdog Criticizes Bailout Loans to Insurers The Hartford, Lincoln National Agent Agrees to Plead Guilty in Nude Videotaping Case House Passes Financial Services Reform Bill Professor Says Divorce Insurance Possible But Others Won’t Commit One-Fourth of U.S. Adult Healthcare Costs Tied to Disabilities Forecasters Expect More Active Atlantic Hurricane Season Next Year BRP Launches Tech General Liability, Errors & Omissions Coverage Is There a Doctor In the Firm? Businesses Hope Wellness Plans Save $7 Million Awarded to 1 Victim’s Family in 2006 Comair Plane Crash Aon: P/C Market and D&O Market to Further Stabilize in 2010 National Specialty Underwriters, Ace Westchester Launch Hospitality Program Lexington Launches New Claims-Made Casualty Coverage Karen Clark Launches New Catastrophe Management Service Ratings: Lincoln, Grain Dealers, National States, Hanover, Atradius, WRM America, Michigan Commercial Democrats Weigh Replacing Public Option, Expanding Medicare Drunk Driving Death Rates Decline in 40 States New NIP Program Targets Funeral Homes Nationwide Supreme Court Justices Question Audit Board Under Sarbanes-Oxley State Securities Regulators Blast SEC for ‘Madoff Culture’ Online Agency Says Auto Insurance Rates Fell 3.5% in 2009 States with High Homicide Rates Also Report More Traffic Deaths One Thing Is Certain for Insurance Industry in Near Term: Uncertainty SEC Settlements Declined in 2009 For Second Straight Year Chartis Expands Personal Security Services for High Net Worth Clients National Association of Insurance Commissioners Elects New Officers Wells Fargo Insurance Buys Agencies in Florida, Washington S&P Revises Ratings Outlook on White Mountains, OneBeacon to Stable AIG Solicits Offers for Aircraft Unit AIG Looking for New HR Chief to Handle Pay Challenges Supreme Court Audit Board Case Could Reopen Sarbanes-Oxley Debate P/C Insurers’ Asbestos Losses Down Aon Acquires Major Construction Insurance Broker Allied North America Ironshore Adds Crisis Management Coverage House Extends Estate Tax But Senate Likely to Change Insurance Agents Urge Reform of Estate Tax The Hanover Forms Agreement With OneBeacon, Expands in West Health Insurers, White House Spar as Healthcare Debate Heats Up Passionate About Insurance and Writing? This May Be Your Opportunity W.R. Berkley Names James Senior VP of Enterprise Risk Management House Advances Sweeping Overhaul of Financial Services Regulation Unemployed Face Higher Healthcare Premiums Without COBRA Extension TAPCO Underwriters Expands Into Alabama and Louisiana Supreme Court Hears Vioxx Arguments on Investor Lawsuits Markel Acquires Majority Stake in Dredging Equipment Maker House Committee Passes Federal Insurance Office Act Beecher Carlson Appoints Kearns as SVP, National Energy Practice Quietest Atlantic Hurricane Season Since 2006 Ends AIG Further Cuts Debt Owed U.S.; Readies Global Life Units for Sale Foremost Insurance Expands Dwelling Fire Program in 3 States National News Archives
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