National News
News for March 2006
March 31, 2006
- Actuaries Estimate Cost of Terrorist Attacks on Cities; N.Y. at $778 Billion; D.C. at $196.8 Billion
- Survey Finds Private Companies Acting More Like Public Companies; At Increased Risk of a Liability Lawsuit
- Liberty Mutual CEO Advocates Long-Term Terrorism Insurance Plan
- Safeco Offers Monoline Workers Compensation Program
March 30, 2006
- Supreme Court Blocks 'Wasteful' Class Actions by Stockholders
- U.S. Chamber Pegs Best, Worst States for 'Legal Fairness'
- His 'Indignation' Rising, Nader Vows to Restart Auto Safety Engine
- Institute's Revamp of Crash Tests Puts Manufacturers in Driver's Seat
- Analyst Sees Low Damage Award If Merck Loses Vioxx Case
- Lighthouse Adds Four New Products to ElderCare Program
- Willis Names Dinallo General Counsel
- American Hobbyist Expands Staff with Tim, Maurer; Relocates to Pa.
March 29, 2006
- Agents Call for Long-Term Terrorism Insurance Solution
- AIG's Lexington Planning on Repeat of 2004, Not 2005
- Insurance Web Sites Benchmarked in New Study
- Walker-Eich Joins WFG Capital Advisors
March 28, 2006
- Fitch: Deterioration in Profits For U.S. P/C Sector At YE2005
Agents and Brokers: Deadline to Submit for IJ's Top 100, March 31- Allstate's Chief Executive's Compensation Cut by 10 Percent
- Stolen Fidelity Laptop Held Sensitive Data on Retirement Accounts
- HCC Names Molbeck President, COO
- Sleep-Deprived Teens Drowsy at School, While Driving
- ACE Westchester Appoints Casey as SVP, Management Liability
- Regulators Launch Consumer Insurance Education Program
March 27, 2006
- Zurich Settles with Conn., Ill. and N.Y. officials for $153 Million
- Insurers Report Progress on Asbestos Liabilities Funding, Says A.M. Best
- Bush Administration Unveils Plan for Safety Regulation of Chemical Plants
- Frankel Resentenced for Nearly 17 Years for $200M Insurance Fraud
- GE Insurance Solutions Unveils New Product for Business Hotels
- A.M. Best Upgrades, Affirms Ratings of United America Indemnity Units
- Argonaut's Great Central Introduces New Businessowners Product
- Chubb Increases Limits on Law Firm Package Policy
March 24, 2006
- Marsh Names Speros to Head Marketing; Perlmutter to Retire
- National Alliance Names 2006-2007 Board Officers
- Britt Paulk Expands with Marine Cargo Coverage Through Beazley USA
March 23, 2006
- NASD, Minn. Department of Commerce to Host Annuity Roundtable, May 5
- Report Ranks Most and Least Expensive Automobiles to Insure
- Risk Management Solutions Predicts Hurricane Activity to Increase Losses by 40 Percent in Florida and Gulf Coast
- Schwab Paid $2.68M to Protect CEO
- R&SA's U.S. Operations Ratings Cut To 'BB'; Outlook Negative
- Top Ten List Names Vehicles Least Expensive, Most Expensive to Insure
March 22, 2006
- Study: Lower Speed Limit for Trucks Increases Accidents
- Hartford Selects Peril Model to Set Pricing for Catastrophe Bonds
- ACE Risk Management Makes Exec Appointments
March 21, 2006
- Consumer Group Accuses Geico of Unfair Underwriting Practices
- Supreme Court Denies Review of $50M Award in Tobacco Case
- Lincoln National Shareholders Agree to Purchase of Jefferson Pilot
- Financial Planners Pay More Attention to P/C Insurance and Risk Management
- S&P to Implement New Way to Assess Insurer Cat Risk
- Travelers: Six More States Eligible for Hybrid Auto Discount
- Insurance Agents Want 24/7 Online Access to Carriers
March 20, 2006
- Independent Agents Grew Market Share by $12 Billion in 2004
- AIG Acquires Travel Guard
- Beazley Commercial Property Team Expands In U.S.
March 19, 2006
- Zurich, 9 States Settle Bid-Rigging Case for $171 Million
- St. Paul Travelers Denies Merger Discussions with Zurich
- Congress Boosts Borrowing Authority for Federal Flood Insurance
March 17, 2006
- Regulators Adopt Model Criminal History Record Check
- Agents Back House Bill on 'Financial Data Protection Act'
- Cat Bonds Becoming a Common Alternative to Reinsurance, S&P Says
March 16, 2006
- House Approves Legislation to Reform Flood Insurance
- U.S. Senate Breathes New Life into Small Group Health Option
- Search for Nation's Top Independent Agencies Continues
- AIG Issues 2005 Annual Report; Net Income for Year was $10.48B
- AMS Acquires FinancePro; Launches Premium Finance Network
- Professional Underwriters Adds 50 School Coverage Enhancements
- ICAT, National Fire and Marine Launch New Catastrophe Product
March 15, 2006
- Hiscox Launches New U.S. Operation
- Agents Support New House Intangible Assets Tax Bill
- Survey Explains Why Drivers Are Not Turned on By Using Signals
- Cohen Appointed President, CEO of Penn Independent Corp.
March 14, 2006
- Regulators Establish Task Force on Climate Change
- Aon Study Reveals Investors More Intolerant of Catastrophe Risk
- Biotech Group Renews Endorsement of Chubb Life Sciences Program
March 13, 2006
- Tillinghast Study: U.S. Tort Costs Reach a Record $260 Billion
- Miss. Wind vs. Flood Lawsuit Remanded Back to State Court
- Few Homeowners Buy Flood Insurance When Not Required, Study Says
- Casualty Actuarial Society Unveils Project on Enterprise Risk Management
- National Insurer Group Announces New Product, Fast Track Plus
March 12, 2006
March 10, 2006
- Insurance Crime Bureau Lists Top 10 Cities for Staged Accident Scams
- Regulatory Risks Burdensome for U.S. Firms Abroad, Aon Experts Say
- IBHS Annual Conference to Focus on Property Loss Reduction
March 9, 2006
- With Eye on Federal Monies, More States Adopting Primary Seat Belt Laws
- Agents and Brokers: Top 10 Reasons to Join the Top 100 ... and Let Your Success be Known
- OneBeacon Enhances Financial Institutions Product
- Target Markets Mid-Year Meeting Set for April 10-12 in Baltimore
March 8, 2006
- Insurers Back in Court Over World Trade Center Coverage
- U.S. Supreme Court Nixes Ethics Challenge to State Farm Ruling
- Merck Defends Vioxx as 'One of Most-Studied' Drugs at Latest Trial
March 7, 2006
- Model Acts, Confidentiality, Cooperation, Key NAIC Concerns
- Solar Storm in 2012 Could Create Blackouts, Affect GPS Systems
- PIA: Federal Proposal Will Be Trojan Horse for Optional Federal Charter
- Ford Fusion Fares Poorly in Side-Impact Crash Tests
- Reinsurance Ruling Reduces Cigna Net Income by $14 Million
- Clarendon National FSR Rating Lowered To 'BBB+'
- Conn.-based eBenefits Group Purchased by Hub International
- Freberg Environmental Launches Excess Auto Liability Program
- AUGIE Extends National Tech Survey Deadline Through March 19
- 'Live From New York,' It's Personal Moments Sponsored by Nationwide
March 6, 2006
- Berkshire's Buffett Still High on Insurance Despite Cat Risk
- FBI Reports Anti-Fraud Efforts to NAIC Task Force
- Court: US Airways Can't Collect Insurance for 9/11 Disruption
- U.S. Regulators Promote Information Exchange with Russians
- Gormley Promoted to Senior VP at Lighthouse Underwriters
March 3, 2006
- Commissioners Face Long List of Topics in Orlando
- Best Downgrades FSR for Atlantic Mutual Companies
- Allstate Adopts New Corporate Policy Regarding Election of Directors
- 60 Minutes Airs Piece on Uninsured Middle Class Overcharged by Hospitals
March 2, 2006
- Survey Reports Katrina Doesn't Move Many Homeowners to Protect Their Investment
- I.I.I. Says Flood-Damaged Cars from Katrina May Surface on Used Car Lots
- Best Affirms FSR for Chubb
- Rep. Jindal to Address Big 'I' Young Agents and InsurPac
March 1, 2006
- NAMIC Focuses Federal Affairs Agenda on Regulatory and Asbestos Reform
- Americans for Insurance Reform Report Says Med-Mal 'Crisis' is Over
- CSC Surveys Report Cost Savings Opportunity with Electronic Payments
- Liberty Mutual Group Chairman Pleased with 2005 Numbers
- Assurex Global Adds Trio of North American Agencies to Group of Partners