National News
News for October 2003
October 31, 2003
- Kan. Fraud Unit Takes On Battle Against Crime
- ISO In Agreement with ProcessClaims to Provide Insurers Streamlined Claims Handling Via Web Services
- Travelers Unveils Exclusive 'My Personal Info' Software Program for Policyholders
October 30, 2003
- Senate Passes Bill to Reauthorize Flood Program
- PIA National Applauds Senate Vote on Reauthorizing National Flood Program, Calls on House to do Likewise
October 29, 2003
- Aon Study Reports Homeowners ROE Still Improving but at Slower Rate
- CSC Licenses Its Exceed P/C Software to The Hartford
- A.M. Best Assigns 'A-' FSR to Aspen Specialty Co.
- Odyssey Re Holdings Corp. Notes Acquisition of Surplus Lines Shell
October 28, 2003
- NAII: Wildfire Damage Estimated at $500 Million
- Chubb Reports Q3 Net Income of $259.8 Million; Premiums Jump 23%, Combined Ratio is 96.6%
- W.R. Berkley Corp. Notes 89% Increase in Q3 Net Income
- AIG Private Client Group Adds to Excess Flood Coverage
October 27, 2003
- J.D. Power: Homeowners Customers Satisfied Despite Rising Premiums
- A.M. Best Affirms Financial Strength and Debt Ratings for Farmers Insurance Group
- PriorityRate.com, AMS 360 System Form Integration
October 24, 2003
- Texas Supreme Court Rules Against Diminished Value
- Insurers Raise Concerns About Excessive Growth of the NAIC Surplus
- Senate Failure to End Class Action Reform Debate Disappoints NAMIC
- RealLegal Practice Manager 9.0 Adds New Tools, Integrations and Improved Security for Professionals
October 23, 2003
- CIAB: Q3 Marks Return of Competitive Pricing
- IIABA Tells Senate Panel That State Regulation Should Be Reformed, Not Abolished
- Alliance Encouraged by Closeness of Vote on Class Action Legislation
- NAMIC Says Federal Regulation is Wrong Answer at the Wrong Time
October 22, 2003
- N.Y. Court of Appeal Rejects Reg 68 Challenge, Praised as Victory Against Fraud
- The Hartford Chooses Corporate Systems as Medical Cost Management Solution for WC
October 21, 2003
- MMC Notes Increased Q3 and Nine Month Results
- Venture Programs Introduces Community Banking Program
- Fitch Updates Liberty Mutual's Asbestos Charge
- Top Six CPCU Grads Honored by CPCU-Loman Education Foundation and the American Institute
- A.M. Best Affirms American Re-Insurance Co.'s FSR of 'A+' with a Stable Outlook
- NAMIC Urges NCOIL to Exempt Internal Audits
October 20, 2003
- Munich Re to Raise Over $4 Billion, $300 Million to American Re
- Fireman's Fund Selects MJM Investigations to Handle Claims SIU
- NITF Director Elected to National Board
October 17, 2003
- NAII Hears N.Y. Sen. Seward Cite Fraud as Cause for Auto Premium Increases
- Travelers P/C Q3 Net Income Rises 28 Percent
- Arthur J. Gallagher & Co. Purchases CAL E&S Companies
- W.R. Berkley Appoints Gosselink as Senior VP - Risk Management
October 16, 2003
- France Blocks Executive Life Settlement
- Advisen Launches New Version of Information Platform for Commercial Industry
- Schinnerer Unveils Basic Form Coverage for Technology Firms
- Kane Joins XL's U.S. Operations
- Donegal Group Notes Improved Results Despite Hurricane Isabel
- Fireman's Fund Named Partner of Big 'I' Markets
October 15, 2003
- Alliance Lauds N.Y., Fla. Action on Modernizing State Producer Laws; More is Needed
- Management Cybernetics Hires Hankey
- General Fire & Casualty Unveils New 'CattleGuard' Program
- ACE INA UK Eligible to Offer Insurance on E&S Basis for More Than 30 States
- ACE Casualty Risk Unveils ACE TankSafe for Web-Based Underwriting of Underground Storage Tank Policies
October 14, 2003
- ISO Reports Insurers' Q3 CAT Losses Estimated At $2.9 Billion
- The Hartford Notes Q3 EPS Estimates
- Morris Receives Jack F. Derrickson Award
October 13, 2003
- WTC Claims War of Words Continues as Governor Seeks Settlement
- NAIC, NCOIL Address Concerns in GAO's Market Conduct Report
- New Risk Retention Group Formed to Insure Companies in the Alarm Industry
October 10, 2003
- FERMA Conference Highlights Risk Management Concerns
- PIA National Asking House to Pass Five Year Reauthorization of National Flood Program
- Applied Systems Partners with nuServe to Offer Integrated Web Based Risk Management Services
October 9, 2003
- Garamendi Urges Schwarzenegger to Move Forward with WC Reform
- Building Relationships Key at NAAIA's 2003 National Conference
- Travelers Implements Automated Sign-On to Web Site for AMS System Users
October 8, 2003
- Asbestos Wave Surges; Crest Still to Come
- ISO Claims Database Offers Access to Motor Vehicle Reports
- IEF Mourns Loss of Clanton
October 7, 2003
- IIABA Reports Now is the Time For National Agent-Broker Licensing Reform
- MarketScout Chairman Sees Softening of the Market
- Banks Reportedly Earned More Than $1.7 Billion in Insurance Fee Income in First Half of Year
- MedRisk Unveils CERTExpert
- A.M. Best Downgrades Ratings of Atlantic Mutual Companies
October 6, 2003
- MedPro to Issue Non-Renewal Notices to Fla. Physicians
- Travelers Property Casualty Unveils 'Hidden Hazards' Fire Safety Education Program
- Ala., N.M., N.Y. Associations Honored with McCord National Education Awards
- Electric Insurance Notes Agency Offering
- LOMA, AICPCU/IIA Partner to Offer P/C Concentration for LOMA's Associate, Customer Service Designation
October 3, 2003
- ISO Reports Insurers to Pay $1.17 Billion for Hurricane Isabel Claims
- Insurance Journal Goes National, Keeps Regional Focus
- Travelers Estimates $75 Million Loss from Hurricane Isabel
October 2, 2003
- Collins, Watts to Headline 58th NAII Annual Meeting
- IIABA Urges Fed to Clarify Reach of Anti-Tying Provisions for Bank Holding Company Act
- Royal & SunAlliance USA Names Tighe New President, CEO
- Survey: Fire Chiefs Overmatched By Development
- INSTEC Notes Integration to ImageRight's Document Management and Workflow System
October 1, 2003