National News for January 2006 Chubb Sees Q4 Net Income of $614M; Up from 2004 Performance Live Today on IJ: Watch Professional Liability Underwriters Ring Closing NASDAQ Bell at 3:50 PM EST Buoys to Detect Tsunamis to be Placed Off East Coast Opponents Claim USG Deal Exposes Fortune 500 ‘Windfall’ from Asbestos Bill AIG, Greenberg Battle Over Starr MGA Accounts Cincinnati Financial Corp. Ends 40-Year Relationship with Alltel Corp. Argonaut’s Great Central Partners with Minn. Restaurant Association Specialty Global Unveils Miscellaneous E&O Program with Everest MetLife Study: Almost One-Quarter of Workers Changed Jobs Last Year IICF Hosts Dinner for Insurance Studies on March 4 Is Seeding Hurricanes the Answer to Less Destruction? Arbitrator Impartiality – An Elusive Standard? USG Settles Asbestos Claims for $4 Billion; Could Now Exit Bankruptcy Lexington Enhances Online Risk Management Tools for Employers Survey Confirms 4th Quarter Spike in Property Insurance Rates Due to Hurricanes Philadelphia Insurance Cos. Offering Product for Fitness & Wellness Studios ‘Big I’ Calls for Implementation of Real-Time Multiple Company Rating Older Adults More Likely Victims of Fires Than Others NFIP Seeks $5.6B Loan; Sen. Shelby Vows Rating Overhaul ISO: Insurers to Pay $56.8B in 2005 Catastrophe Claims AIG’s National Union Fire Insurance Co. of Pittsburgh Unveils AIG ePro The Hartford Sees Q4 2005 Net Income of $474 Million Feds Seek to Prevent Air Ambulance Crashes But Question is How Noy to Succeed Leamon as Chief of Liberty Mutual Safety Institute D&O Liability Premiums Fall for Second Straight Year, Tillinghast Survey Says RLI Sets Record Year; Exits Construction Market Allstate Releasing 700 Employees Fireman’s Fund Specialty Expands Freight Forwarders Program Hudson Adds Environmental Program to 50 States, D.C. NAIC Praises Life Insurers Group in Backing More Consumer Protections Venture Insurance Programs Hits a Winner with ‘Errant Ball’ Commercial Agents Group to Support Terrorism Backstop Study Americans More Fearful of Car Crashes, Terrorist Hits than Avian Flu CAIF Dishonors 2005′s Worst Insurance Con Artists Driving Scents: A Dash of Cinnamon or Peppermint Keeps Drivers Alert CIAB Survey Shows Wind, Flood Coverage Issues for Coastal Property EPI Study Says Premium Jumps Mean Job Loss for Low-Skilled Employees Specialty Global Unveils Travel Agents E&O Program White House to Revisit Mine Equipment Safety; Head of Agency Quits $101M Puts Progressive’s Lewis on Top Among Princeton Donors United America Indemnity Consolidates Subsidiaries; Morris New President AIG Appoints New Executives in Private Client Group, Domestic General Units N.Y. Officials Said to Approve Multi-Year Reinsurance Contracts Royal & SunAlliance USA Names Former Regulator Muhl as Director Beacon Hill Offers Environmental Product for Main Street Risks St. Paul Travelers Weighing Apparent Setback in Asbestos Litigation Brown & Brown Lawyer Plan Now Accepting Competitors’ Apps Fitch Predicts Stable Outlook for Broker Industry in 2006 AUGIE Launches Agency Survey 11 Defendants Indicted on Domestic Terrorism Charges; Blamed for Arsons Former FEMA Director Witt Advocates Need for National CAT Fund Philadelphia Insurance Cos. Offering Office Condominium Associations RLI Promotes Denzer, Berberich SEC Readies Disclosure Rules on Executives’ Perks and Pay Nickelodeon, Kellogg Targeted in Suit to Stop Junk Food Marketing to Kids Treasury Clarifies Farm, Liability, Umbrella Issues Under Terrorism Reinsurance Program GE Insurance Solutions: Challenge Industry Norms, Upgrade Compliance Agents’ Game Plan Helped Save Contingent Commissions AAA Study: Teen Driver Crashes Top Threat to Passengers, Other Drivers FBI: 90% of Organizations Face Computer Attack; 64% Incur Financial Loss Best Affirms FSR for Clarendon Group ISO Providing New Service for Insurers to Access Natural CAT Information AIG Executive Kanak Resigns Estee Lauder’s Langhammer, Citigroup’s Willumstad Join AIG Board Lexington Insurance Offering Recall Response for Product Recall Expenses, Liability Newly Formed Mercator Risk Services Names Executive Appointments Despite Hurricanes, Fewer Insurers Failed in 2005, Reports Weiss Ratings Severe Avian Flu Pandemic Could Generate $133 Billion in New Claims, I.I.I. Says NBIS Expands Wrap Product to Condominiums in All But New York NAIC: Standards for Sale of Life and Annuities Should Protect “All Ages” Zurich, Hellman & Friedman Call Off Universal Underwriters Sale Casey to Lead Duane Morris Insurance Practice Group Allstate Backs National Disaster Fund But Other Insurers Balk States Claim FDA Drug Labels Would Undermine State Product Liability Laws Allstate Names Encompass President MarketScout Reports Availability of New Capital Softening Market Study: 7% of American Workers Drink on the Job Actuaries Complete Liberty Mutual Asbestos Review XL Reinsurance America Names Welch President, COO AMC Now Offering Bundled Coverage for Farm Operations Insurance Skills Center Offers Classes on Katrina, Disaster Planning AIA: Paper on Insurance Claims Handling is Reckless DVUA Promotes Ocheltree State Farm Works with “Thieves” to Prevent Auto Thefts Lloyd’s Urges U.S. to End Foreign Insurers’ Trade Barriers PGI Commercial Partnership to Serve Habitational Risks Allstate Announces Rate Hikes Likely in Disaster Prone States Marsh Names 3 Senior Execs St. Paul Travelers, ICBA Partner to Offer Identity Theft Insurance RiskProNet Elects New Officers Personal Lines Doing Fine, Even Without Price Changes, Suggest P&C Analysts Forstenzer Named EVP, General Counsel at Crump Group HCC Expects Earnings Growth in 2006 Why Terrorism Insurance Renewal Was So Difficult Allstate Announces New Reinsurance Program for Property, Auto Conning Wins Citigroup $8 Billion Insurance Asset Management Account Broadspire Selling Risk and Safety Division to Bureau Veritas Calif. Firm to Pay $2 Million to Settle Insurance Probe Regulators Release 2005 Market Analysis Scorecard Stone Point Notes Formation of Mercator Risk Services National Advantage Offering Monoline Truck Physical Damage Coverage FEMA Flood Insurance Program Launches Agent Web Site CRM Holdings Prices Initial Public Offering Conning: Exit Imminent for Personal Lines Insurance ‘Also-Rans’ NAMIC Warns Regulators All-Perils Policy Could Worsen CAT Problems C.A.R. Backs President’s Call in Speech for ‘Good Asbestos Reform’ AIA Backing Safety Design Improvements of Seat, Head Restraints in SUV’s Hilb Rogal & Hobbs Names Controller W. R. Berkley Forms Web-Based Underwriting Company Commercial Insurance Buyers Report Productivity Savings Across all Lines Guy Carpenter Issues Report on U.S. Reinsurance Renewals Nevada Men to Face Katrina-Related Fraud Charges in La. Heat Gun ‘Not Hair Dryer’ Label Wins Wacky Warning Contest Hearn Joins MarketStance Enhanced IJ Broadcasting Enlivens Insurance News with Videos, Interviews, Ads and More Feds Promise Full Probe of Mine Disaster; Democrats Seek Hearings How Producers Build Up Construction Insurance Business Analysts Predict Faster P/C Premium Growth, Underwriting Profit in 2006 Universal Life Resources Settles Commission Charges with N.Y. Hybrid Car Owners Get Premium Break from Travelers Crutchley Named President of W.R. Berkley’s Facultative ReSources Targets Markets Program Administrators Studying Program Business Seattle Firm Chosen to Evaluate Hanford Injured-Worker Claims Crawford & Co. Unveils Service Delivery Model to Manage Comp Claims Analysts Predict Surge in Insurance Company Mergers in 2006 Treasury Issues Guidance on 2005 Terrorism Insurance W. R. Berkley Forms Accident and Health Company Markel Re Appoints Dunn, Beall Hub International Reports Management Buyout of Talbot Financial RMS: New TRIA Structure Shifts Risk Burden to Insurance Industry WellPoint and WellChoice Complete Major Merger SUVs Not Safer Than Passenger Cars for Kids, Study Finds Sam’s Club To Sell Tailored Health Plans for Small Firm Members AAIS Says Policy Forms OK for Use Under Terrorism Extension W.R. Berkley Corp. Names Horvath to External Financial Communications Post NAMIC: Rate Modernization Initiatives Likely in 6 States in 2006 W. Va. Coal Mine Had High Injury Rate, Multiple Safety Violations Agents, Brokers, Carriers: Insurance Outlook Good for 2006 Boat Buyers Warned to Avoid Hurricane-Damaged Vessels National News Archives
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