National News
News for November 2004
November 30, 2004
- $126M Ga. Agreement Could Pave Way for Anthem-WellPoint Merger
- Bankruptcy Court Approves Halliburton Asbestos Insurance Settlement Agreements
AIG Program's Jordan: Learning from Program Failures- Study Finds Medical Costs Driving Up Auto Injury Claims
- PCI's Csiszar: Regulatory Reforms Needed Now More than Ever
- FEMA Notes Record Aid for 2004 Hurricane Season
- First Premium Notes Basic Renters Program
November 29, 2004
- RAA Survey Says U.S. Reinsurers Wrote $22.3 B in 3Q
- AIG Specialty WC Expands Web site Capabilities
- Restaurants 'Slipping and Tripping' into Financial Disaster
November 26, 2004
November 24, 2004
- ERC's Internal Investigation Turns Up 'Isolated' Bid Rigging
- AIG Forks Up $126 Million to SEC on PNC Deals
- S&P Revises Outlook on Hartford PC to Negative; Cites Spitzer Probe
- MBIA Provides Additional Information on Subpoenas
November 23, 2004
- Marsh 'Hopeful' of Quick Settlement But No Timetable Has Been Set
- Study: LTC Claims Up 415% Since 1996
- S&P Lowers Credit Ratings on MMC
- AIA Sets Multi-Issue Agenda for NAIC Meeting
November 22, 2004
- Mutual Risk Management Reports Hancock Motion to Dismiss Lawsuit Denied
- Feds Put Brake on More Direct-to-Consumer Crop Insurance Pending Further Review
- NAIC Advances '05 Budget; Vote Set for Winter Meeting
- PCI Asks Regulators to Put Caps on Budget Reserve
- PLUS Announces New Officers, Trustees
- Speed-to-Market Seminar in January
- Insurance Journal Contributor Passes Away
November 19, 2004
- Best: No Ratings Changes from Finite Reinsurance Probe
- PIA Says Hunter's Remarks During Senate Testimony "Outrageous and Not Constructive"
- Best Study Finds P/C Industry "Well Capitalized;" 21.8% Increase in Surplus
- The Hartford Purchases Collateralized CAT Reinsurance From Foundation Re
- CNA Financial Corp., Subs Have Ratings Affirmed
- MBIA Acknowledges Subpoenas Regarding 'Non-Traditional Products'
November 18, 2004
- Marsh & McLennan Cuts Five Internal Executives from Board; Names Beshar as New Counsel
- Rated Self-Insurance Pools Outperform Commercial Insurers and Captives, A.M. Best Study Shows
- Multi-State, $120M Agreement with UnumProvident Requires Reassessing Claims Back to 1997
- AHIP Survey Sees Worker Challenges in Disabilities
- Huffert Elected Chairman of AIMU
- Schinnerer Publishes Risk Management Guide
November 17, 2004
- Sen. Fitzgerald Says Broker Fee Scandal May End Antitrust Exemptions
- S&P Report Explains Financial-Engineering Probe
- St. Paul Travelers Acknowledges Receipt of Subpoena on Loss Mitigation Insurance Products
- Zurich Financial Receives Subpoena
- W.R. Grace Reorganization Includes Asbestos Fund
- ISO Enhances Policy-Verification Solution
November 16, 2004
- Pair of Zurich Underwriters Plead Guilty
- N.Y. AG Suggests Off-Shore Insurers, Rating Organizations, Insurer Investments Next Targets
- Independent Insurance Agents Defend Themselves at Senate Hearing over Broker Compensation
- State Regulators Reveal Model Disclosure Act
- At Senate Hearings into Broker Pay, NAIC Claims States Get Job Done without Headlines
- In Washington Testimony on Broker Pay, Council Maintains Best Price Not Always Best Policy
- Conn. AG Urges Tougher State Action, Offers Own Insurance Reforms in Testimony Before Senate Panel
- Markel Acknowledges Receipt of Subpoenas
- P&C Insurers Call for Compensation Disclosure
- Study: Spitzer Probe to Reduce Brokers' Bottom Line
- Born as Kemper Life, Then Zurich Life, Then OneLife, Now...Chase Insurance under J.P. Morgan
- S&P Affirms Liberty Mutual Group Ratings
- Euclid Managers Launches Web Log for Internet, Tech and Media Liability Insurance
November 15, 2004
- SEC Probe of Hartford Life Opens Federal Front
- Spitzer Sues Universal Life Resources over Broker Pay
- Interns' Medical Errors Affected by Work Schedules
- Fitch Reports on Finite Risk Reinsurance; Teleconference for Nov. 17
- Nationwide Estimates Florida Hurricane Losses at $850 Million Pre-Tax
- AIG Private Client Group Unveils Flood Coverage for Homeowner Policies in Several States
- Philadelphia Insurance Cos. Finalizes Deal to Purchase Fireman's Fund NDO Renewal Rights
- Farmers Survey Says Some Drivers Have the Rage
November 12, 2004
- Senate Hearing Set for Nov. 16 on Commercial Brokerage Controversy
- Zurich NA Latest Insurer to Suspend Employees as Fallout from Marsh Probe Continues
- Trial Lawyers' Chief Calls for End to 'Vitriol'
November 11, 2004
- The Hartford Releases Pair of Employees From Los Angeles Office as New York AG's Investigation Continues
- NTSB Backs Greater Oversight of Drivers with High-Risk Medical Conditions
- Accidental Tourist, Cruise Ship Don't See Eye to Eye
November 10, 2004
- Minnesota, Louisiana at Different Ends of Health Spectrum Following Survey
- PCI Seeks November Vote on Class Action Reform
- CIAB Makes Recommendations on NAIC Proposed Compensation Regulation
- Big I Weighs In on NAIC Proposed
- NAAIA Names Branch Its New Chairman
November 9, 2004
- Insurance Paid $20 Billion, More Than Half of Total Compensation to 9/11 Victims, Rand Study Finds
- Marsh to Lay Off 3,000 in Cost-Cutting Move
- Safety Group Seeks Tire Expiration Date
- PIA National Encouraged by NAIC's New Task Force
- Nyce Joins AICPCU/IIA as Curriculum Director
November 8, 2004
- MMC Makes Management Changes; Egan, Treanor Out
- Hurricane Losses Have $816 Million Impact on Berkshire's Q3 Earnings
- PCI Members Identify Top 2005 Legislative Issues
- Best Says Rating Downgrades Slowed; Still Outpaced Upgrades Once Again
November 6, 2004
November 5, 2004
- CARH Makes Renewed Call to Action Following Election
- AIG's Terrorism Protection Portfolio Includes Biological and Chemical Attack Coverage
- Venture Programs Expands Hartford Banking Program
- IBHS Notes Strategic Partnerships at Conference
November 4, 2004
- Prudential Financial Subpoenaed In Ongoing Probe
- MarketScout: Bid Rigging, Incentive Commissions, Hurricanes and a Presidential Election Impact P/C Market
- Big 'I' Congratulates Winners, Looks to Future
- EQECAT Releases First Probabilistic U.S. Wildfire and Flood Models for P/C Industry
- Fitch Affirms Safeco P/C Group Ratings; Outlook Stable
November 3, 2004
- Four More Years for Bush; Kerry Concedes in Phone Call to President
- Democrats Appear to Make Gains in State Legislatures
- AMA Pleased with Bush Re-election; Looks Forward to Pushing Forward Medical Liability Reform
- Incumbent Commissioners Join Bush in Return to Office
- AIR Analysis Says 2004 Hurricane Season Not So Unusual After All
- National Union Fire Insurance Co. Unveils New EPLI
November 2, 2004
- NAIC Task Force of 13 States to Lead Broker Investigations, Develop Model Disclosure Law
- Republican Candidates Win 'Big Time' in Insurance Industry Political Giving in Federal Races
- Marsh Moves to Collect Outstanding MSA Fees
- S&P Puts USI Ratings on CreditWatch Negative
- Henriques Joins Guy Carpenter Professional Liability Specialty Practice
- HSB Unveils Portfolio EPL
November 1, 2004