National News for December 2004 SEC Seeks Gen Re Records on Finite Insurance Big ‘I’ Recognizes NAIC Efforts, Seeks Further Clarity PCI Reacts Cautiously to NAIC’s Partial Producer Licensing Act Adoption Search for Missing Americans Continues in Southeast Asia; 12 Confirmed Dead AXA New Year’s Eve Survey: Most People Stay Home Consumers Warned Over Alleged Loan, Insurance Scam by Jefferson Financial, Watermark Insurance S&P Affirms Toa Re (America) ‘AA-’ Ratings Best Reports P/C Industry Maintains Underwriting Profit, Despite “Unprecedented Cat Events” Best Affirms American Re Ratings; Assigns ICR; Outlook Changed to Negative Berkley Engages Outside Counsel to Conduct Internal Investigation on Information Requests Best Affirms Ratings of Swiss Re America Group MetLife Names Rein to Chief Administrative Officer; Mullaney Succeeds Her at Metropolitan P&C NOAA: U.S. Reported Tornadoes Reaches Record High Spitzer Denies Report of Plan to Cede Probes to Feds; Vows New Action in Early Part of New Year S&P Publishes U.S. P/C Industry ‘Report Card’ A.M. Best Lowers Sompo (U.S.) Ratings to ‘A’ Multistate UnumProvident Settlement Approved HRH Releases D&O Snapshot and Forecast for 2005 RiskProNet International Elects New Officers Saunders to Head Navigators Excess Casualty Unit U.S.I. Holdings Unveils Expense, Staff Reductions and Plans to Sell Certain Operations Insurers Claim Regulators’ Open Meetings Policy Ignored Wells to Head Zurich Workers’ Comp Unit RLI Opens Commercial Auto Unit Fitch Downgrades Senior Debt for Marsh & McLennan S&P Puts ERC, GE Solutions on CreditWatch Negative IJ Online Launches ‘How to Write’ Educational Seminars Chubb Unveils New Travel Accident Policy Reilly Named Big ‘I’ Director of Federal Affairs Mazda 3 Gets High Grades; Kia Spectra Doesn’t Pass Frontal Offset Crash Test Industry Sees First 9-Month Net Gain on Underwriting in Nearly Two Decades Homeowners Insurers Reverse the ‘Curse’ … for Now A Retrospective Look at the Nonstandard Auto Market Insurers Say Compensation Disclosure Amendments to Producer Licensing Model Act Still Lacking Insurance Education Foundation Redesigns Web site Gates to Join Berkshire Board S&P Keeps MMC on CreditWatch Negative Guy Carpenter Unveils Disclosure Doctrine Al Risk Updates ProgramConnect St. Paul Travelers to Shrink Board Is It Time to Sell the Agency’ Third Annual Report Identifies ‘Judicial Hellholes’ HSB Unveils Identity Recovery Coverage for Insurers Serving Home Owners, Small Business Market Judge Offers Decision in GEICO, Google Dispute Aon: More than Half of Companies Studied Decide to ‘Take Up’ Some Kind of Terrorism Insurance Beck Joins Willis as Practice Leader S&P Says WTC Verdict Won’t Affect Insurer Ratings Feinstein to Retire; Farmers Appoints Hopkins CEO Survey Points to Public Blind Eye to Fake Insurance AutoOne Driven to Write in Several New States AAIS Promotes Guevara, Luecke St. Paul Travelers Subpoenaed Again in N.Y. S&P Assigns Ratings to AIG’s $25.1 Billion Debt Issue Progressive Takes ‘Drive’ Online NAMIC: Scope of Change to NAIC Producer Licensing Model Should be Well Defined Actuaries Address Concerns Over Professions Integrity Analysts Predict Slowing of P/C Premium Growth in 2005 S&P Reports Stable Outlook for U.S. Reinsurers St. Paul Travelers Notes New Imported Products Program for Special Exposures Hartford Launches ‘Quote Marine’ eSubmission Tool Big ‘I’ Backs NAIC Compensation Disclosure Amendment IMCA Board Member McClellan Passes Away AIG Environmental Enhances Its Environmental and General Liability Exposures (EAGLE) Program Aon Chief Acknowledges Employee Violations with Business Conduct Code PCI Calls for More Specific Regulatory Modernization Agenda at NAIC Meeting APPEX Adds Five New Members Jury Rules WTC Attacks Were Two Events; Silverstein Recovery May Double to $2.2 Billion P/C Insurers Positioned to Weather Hurricane Losses New Agents Council for Technology Report Outlines Recommendations for Privacy Policies Shimpi Named Practice Leader at Towers Perrin Competition and Investigations Are Squeezing U.S. Commercial Lines’ Earnings, Report Says U.S. Personal Lines Sector Remains Strong With a Stable Outlook, Report Says PCI Says Revised NAIC Producer Licensing Model Makes Progress, But Still Flawed SERFF Use Increases Reports NAIC D&O Premiums Decline for First Time Since 1999; Hard Market to Return by 2006 Predicts Tillinghast Survey Shows Gain in Market Conduct Uniformity NAIC Elects 2005 Officers Arch Subpoena from N.Y. AG Concerns Lawyers Malpractice Insurance Program Aon Steered Clear of Insurance Wrongdoing, CEO Ryan Insists S&P Revises Outlook on HRH to Negative; Cites Contingent Commission Investigations Nov. Composite Rate Increase for P/C Stays at 2% NAIC Hears Testimony on Changes to Producer Licensing Model Act; Broker Disclosure a Big Concern D’Arcy Named CAS President Clarification: Merchants Group Inc. Holding Company Chief Resigns; Merchants Insurance CEO Zak Remains AAMGA Offers Feedback on Proposed Broker Disclosure Amendment to Producer Licensing Model Act CIAB Endorses NAIC Proposed Disclosure Regulation Chubb Receives Subpoena from SEC PCI Supports NAIC Broker Disclosure Provisions, but Recommends Changes in Written Testimony AIG’s Greenberg Predicts ‘Leaner, More Responsive’ Insurance Brokers in Wake of Investigations Bravo to Head Willis Private Client Group North America Court Overturns Ruling on Auto Rate Settings Allstate, Encompass Partner for Agents Insurance Journal Unveils New Stock Feature NAMIC Raises Concerns Over Proposed NAIC Broker Activities Questionnaire Execs Predict Shift in Insurance Brokerage Compensation in 2005 S&P Revises Outlook on WellPoint NCOIL Releases Broker Disclosure Model in Effort to Address to Compensation Issues PCI Opposes NCOIL Market Conduct Model Act National News Archives
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