National News
News for June 2003
June 30, 2003
- NAII Applauds House for Introducing Legislation to Preserve National Credit Reporting System
- Travelers P/C Appoints Bloom CIO
- Lumbermens Commutes Two Berkshire Hathaway Reinsurance Agreements, Regains Access to $1.6 Billion
June 27, 2003
- A.M. Best Affirms Rating of ING Canada
- NAAIA Expects 300 at Las Vegas Summit
- The Hartford Notes Quote-to-Issue Bridge with Fiserv FSC
June 26, 2003
- Fla. Special Session Expires With Impasse on Medical Liability
- S&P Lowers Atlantic Mutual Ratings to 'BBB'
June 25, 2003
- NAII Calls Recently Ended N.Y. Legislative Session 'Disappointing'
- Swiss Re Economists Say U.S. Economy Entering Slow Patch, Industry Looking At Prolonged Hard Market
- NCOIL to Develop Market Conduct Model Law; Seeks NAIC Input; NAMIC Comments
- General Star to Write Realtors and Accountants E&O Coverage
- The Hartford Names Johnston Chief Actuary for P/C Operations
June 24, 2003
- Maine Adjourns; Legislature Addresses Scoring, Privacy and Workers' Comp
- AIA In Support of Mandatory Arbitration to Hold Down Litigation Costs
- Researchers Study 2.7M Auto Records; Reportedly Find Irrefutable Connection Between Credit History and Risk of Loss
June 23, 2003
- NAIC Urges State Regulators to Streamline Signature Requirements in Uniform Licensing Act
- P/C Q1 Net Income Up 20.6 Percent, Driven by Underwriting Results and Investment Gains
- Q1 Numbers an Improvement, But Concerns Stand on the Horizon
- A.M. Best Says P/C Industry's Combined Ratio Under 100 Despite High Cat Losses, Reserve Development
- W.F. Clayton Licenses FormsPlus XP
- Is the Market Really Turning'
June 20, 2003
June 19, 2003
- IIABA Applauds Apparent Demise of Crop PDP Pilot Program
- S&P Affirms State Farm Group Members Rtgs; Outlook Stable
- Markel Corp. Expands Product Offerings
June 18, 2003
June 17, 2003
- N.H. Governor Vetoes Surplus Lines Tax Increase
- Insurers Ask NAIC to Nix Plans to Extend Pilot Project
- International Marine Insurance Services, Markel American Partner a Program for World Cruisers
- Marketing Promotions Offered to Create High Impact for Special Events
June 16, 2003
June 13, 2003
- Ohio Senate Passes Tort, Asbestos Reforms
- AAI Lauds U.S. House Passage of "Class Action Fairness Act"
June 12, 2003
- AAI Praising Pa. House Passage of Sweeping Tort Reform Measure
- Conning Says Automating Commercial Underwriting Not Automatically Profitable
- Nolan Study Says Executives Counting on Technology But Wary of Results
June 11, 2003
- NICB Says Port, Border Areas Special Targets for Vehicle Theft
- Study: Commercial Insurance Reserves Deficient by $13-$20 Billion
- Travelers Bond Enhances Executive Liability Package Policy
- Associations Tell NAIC Not to Reduce Collateral, Requirements for Alien Reinsurers
- NAIER Announces CSR Award Winners
June 10, 2003
- N.J. Gov. McGreevey Signs Auto Reform Bill; AAI Optimistic Further Changes Can Be Accomplished
- NIP Forms Group Self-Insurance Management Division, Appoints Pair of Senior Executives
- NITF Takes on Pair of New Members
- State National Specialty Gains Authorization in 41 States
June 9, 2003
- AAI Urges NCOIL to Take Initiative in the State Capitols on Market Conduct Reform
- PIAA Says Weiss Study on Tort Reform and Medical Liability Premiums is Flawed
- ICICI Infotech's PREMIA Launched
- A.M. Best Places Ratings of Atlantic Mutual Companies Under Review with Negative Implications
June 6, 2003
- Hartford Survey Says With More at Stake, Small Businesses are Least Ready for Natural Disaster
- AIA Says Fair Credit Act Renewal Will Keep Regulatory Balance
June 5, 2003
June 4, 2003
- NAII Encouraged, Concerned by NCOIL Regulatory Modernization Report
- Majority of U.S. Insurers Reportedly Feel IT to Become More Important
- Aon CEO Says Rates Will Grow Slowly Until Early 2004
June 3, 2003
- Reform Legislation Approved by Texas Legislature
- S&P Revises Navigators Outlook to Stable
- Conning Research Says P/C Outlook Not as Bright as Rising Premium Rates Suggest
- InVEST Awards $40,000 in Scholarships
June 2, 2003