National News
News for April 2004
April 30, 2004
- Jury Renders Partial Verdict in WTC Recovery Case
- Highway Deaths Rose Slightly in 2003
- Alliant Acquires Gaddy Ward in Calif.
April 29, 2004
- RMS Study Shows Risk From CAT Events for WC, Life, Health Insurers
- St. Paul Travelers Issues Q1 Earnings Report
- AIG Launches BusPlus for School Bus Operators
- U.S. Treasury Department Selects Benfield's Paragon to Administer Terrorism Risk Insurance Program
- Congress Urged to Make Workplace Deaths Due to Employer Negligence a Felony
April 28, 2004
- Industry Asks House to Extend TRIA
- IVANS Updates Expansion with State DMV Offices
- Supreme Court Allows Discrimination Suit Over Allstate's Use of Credit Scoring
- WTC Jury Ends 6th Day of Deliberations
- Manulife and John Hancock Complete Merger
- Industry Marketing Trade Group Membership on the Rise
April 27, 2004
- AIG Cos. Offers Venue Liability Protector
- Judge Tells WTC Jurors They Can Render Separate Decisions on Four Lloyd's Insurers
- Chubb Posts $360.7 Million Q1 Net
- Feds Stymie Insurers' Claims Against Alleged Terrorists
- Canadian Firm to Acquire Marshall & Swift/Boeckh
April 26, 2004
- NAMIC Backs Asbestos Reform Bill
- PIA Lauds Legislators' Support for TRIA Extension
- American Re Issues Statement Reinforcing Commitment to U.S. Casualty Business
- PCI Insurance Fraud Expert Addresses NY Conference
- Retiree Health Plans Exempt from Age Bias Act
- Despite N.Y. Attorney General Concern, CIAB Says Placement Service Agreements Not an Issue
April 23, 2004
- N.Y. Attorney General Spitzer Targets Insurance Broker Compensation Agreements
Mass. Rep. Barney Frank Covers a Flood of Issues on Final Day at National Legislative Conference- WTC Jury Continues Deliberations
- PCI Responds to CFA Opposition to TRIA Extension
- AIG Reports Q1 Net Earnings of $2.66 Billion
- PCI Disappointed as Senate Blocks Consideration of Asbestos Bill
April 22, 2004
- Agents Hear Updates on Regulatory Reform, 2004 Senate Races
- AMS to Roll Out Quote-and-Issue Capability at Users' Group Conference
- Pru Employee Agents Vote to Join Union
- Putnam Settlement Weighs on MMC's Q1 Results
- Consumer Study Disputes Need for Renewal of Terrorism Reinsurance
- Best Affirms Ratings of State Farm Group
- Sen. Lautenberg to Hold NYC Briefing on Doing Business with States that Sponsor Terrorism
- CNA, Aon Launch Professional Liability Program for Property Casualty Agencies
April 21, 2004
- Bush Campaign Manager Tells Agents Participation in the Process Important
- Conning: Bigger Dollars, Fewer Insurance Industry M&As
- AIA Praises New Labor Regulations
- AXIS U.S. Expands Professional Liability Coverage; Builders' Risk Capabilities
- Study Shows Commercial Property, GL Rates Falling
- Workers' Comp Association Urges TRIA Extension
- Trade Association Elects Hammond as Chairman
- AIMS Society Announces New Officers
April 20, 2004
- CIAB Survey Shows Q1 Commercial P/C Easing
- Joint Letter from Six Insurance Associations Urges Congressional Leaders to Reauthorize TRIA
- Asbestos Bill to Reach Senate Floor
- Aon Reports US Commercial Property Rates Drop 10%
- XL Launches U.S. Primary Casualty Risk Management Program, Excess Workers Comp Division
- Willis Reports on Insurance Marketplace Conditions
- SIAA Network Eyes Major Growth
- Most Midsize Cars Fail Side Impact Safety Test
April 19, 2004
- WTC Coverage Case to Go to Jury
- InsurBanc Looks to Break Even This Quarter
- NAMIC Announces New Federal Affairs Team
- ACE USA Unveils International Kidnap, Ransom Coverage for Companies Operating Overseas
April 16, 2004
- Industry Trade Groups Promote Progress on Asbestos
- PIA National Holds Meetings with Senate Committee Staff on Flood Insurance Reauthorization Bill
April 15, 2004
- Study Says Workers' Comp Terrorism Reinsurance Pool Not Enough
- New Low Cost Commercial, Renters Flood Insurance Policies Available
- Loss Reserve Adequacy, Fair Value Accounting Among Topics at CAS Spring Meeting
- Fireman's Fund Arranges Special Training Package for Those in the Hospitality Industry
- U.S.I. Holdings Announces Pricing of Shares
April 14, 2004
- Fitch Affirms Marsh & McLennan's Ratings; Takes Off from Rating Watch
- P/C Net Income Propels Surplus
- ACE Casualty Risk Offering New Casualty Premises Pollution Policy for Single Primary Policy
- Digital Insurance Inks Five Agreements with Employee Benefits Brokers Nationwide
- 1,000 Die Each Year in Highway Construction Accidents
- A.M. Best Affirms OneBeacon's 'A' Rating
- IVANS Wireless Option Speeds Claims
- HSB Introduces Packaged Equipment Breakdown Coverage for Insurers Serving Farm and Ranch Owners
April 13, 2004
- Hall of Fame QB Terry Bradshaw Keynote Speaker for Big ''I" Annual Convention in Orlando
- Checks on Workers' Comp Claims Rise to 10 Percent in Annual ADP Hiring Index
- Liberty Mutual, BMW Car Club of America Foundation, and BMW Dealers Seated Together to Save Teen Lives
- GE Unveils New Tool for Risk Managers
- AIMS Society Announces New Directors
- ACE USA Announces Executive Appointments
April 12, 2004
- Rates Hold Steady at 9 Percent for March
- ACE USA Unveils Storm Tracker
- A.M. Best: Operating Results Improved Dramatically
- Extended Deadline to Submit P/C Agencies for Insurance Journal's Top 100 Special Report
- Brevik Named to Head PIA National
April 9, 2004
April 8, 2004
- GOP Introduces Asbestos Litigation Reform in U.S. Senate
- Afni Insurance Services Unveils CSR24 Customer Service Intranet
- S&P Affirms Chubb's 'A' & 'AA' Ratings
- Zuraitis Named Allmerica Personal Lines President
- IVANS Announces Management Changes
- Big I, Fireman's Fund Offer Nonprofit D&O Market
- Insurer Group Voices Concerns Again Over Proposed Changes to Market Conduct Suveillance Act
- Three New Wholesale Brokerages Join IMK Environmental Insurance Network
April 7, 2004
- CDI Files Lawsuit Against State Fund
- Regulators Urge Congress to Act Before TRIA Expires in December of 2005
- RMS Final Winter Regional Weather Index
- S&P Affirms, Withdraws Atlantic Specialty Ratings
- Report Explores the New Frontier of Catastrophic Risk Exposures for the Insurance Industry
- Prime Unleashes New Animal Liability Line
April 6, 2004
- AIG Launches 'Sports Risk Solutions'
- Zurich Introduces Medallion Agent Program
- Conference on Asbestos Scheduled in D.C.
- ACE USA Appoints Riegler for Business Development
- Bush Campaign Manager to Address Young Agents
- Report Estimates Potential Costs to U.S. Insurance Industry from a Repeat of 1974 Tornado Super Outbreak
April 5, 2004
- Fitch Affirms 'BBB-' IFS Rating for Sierra Insurance Group; Withdraws Rating
- Best Acts on Travelers/St. Paul Ratings
- USI Holdings Acquires Bertholon-Rowland
- Antonopoulos to Head Crum & Forster
April 2, 2004
- Allstate Agents Pin Hopes on ERISA Charges Following Dismissal of Age Discrimination Complaint
- Actuaries Told: No 'Duct Tape Solution' to the Current Med-Mal Crisis
- PCI Study Examines State Residual Auto Markets
- AIG Added to the Dow
- Study Shows Med-Mal Jury Awards Up Slightly, Compensatory Awards Down Substantially
- S&P Lowers Travelers Ratings to 'A+'
April 1, 2004
- ATRA Survey Reports Frivolous Lawsuits Undermine Healthcare System, Prove Negative to Patients
- New ISO Symbols Rate Cars By Make and Model for Liability, No-Fault/Medical Payments Insurance
- Former CIAB Head Supports Federal Reforms
- PCI Supports Oxley/Baker Proposals
- Moody's Lowers Travelers P/C Debt Ratings
- S&P Revises Nationwide Outlook to Stable
- FM Global Moves up on FORTUNE 1000 List
- National Flood Program Renewal Targets Repeat Victims
- Brokerage Growth Slowing, Study Claims