National News for January 2007 Allstate Profit Rose 17% in 4th Quarter Judge Reduces State Farm’s Punitive Damages in Miss. Katrina Case Hanover Launches Marine Advantage Underwriting Team Mercator Advises Risk Managers to Prepare for World Without TRIEA Biggest U.S. Companies Fail to Disclose Climate Change Risks to Investors, Study Says Group Urges Legislators to Reintroduce Surplus Lines Reform Bill Health Execs’ Group Disbands Under Antitrust Settlement with Conn. Small Business Owners Could Benefit from New Pension Law Carpenter Moore, USI Southwest Team up for Executive Liability Services Agriprocessors Recalls 2,700 Pounds of Frankfurters Corporate Governance, Capital Drive D&O Liability Prices Down Western Maritime Forms Maritime Central Study: Young Have More Workplace Accidents But Lower Costs Per Claim Bond Insurer MBIA to Pay $75 Million to End Reinsurance Probe Fla. Pols Ready to Lead Lobbying Effort for National Catastrophe Fund Now Is No Time to Ease Up on Loss Prevention, Warns Risk Expert Bank of America Expands U.S. Insurance Operation with Lloyd’s Chicago Aon Acquires Footman James from UK Alchemy Partners Federal Judge Puts Part of State Farm Katrina Settlement on Hold Darwin Enhances Public Entity E&O Products N.H. Researchers Develop Tool to Measure Cyber Attack Threat Bankers Report Fraudulent Purchases Following TJX Credit Data Theft Former Marsh Exec Ryder to Direct Beecher Carlson Liability Team Liberty Mutual Fellowship Backs Workplace Safety Research Regulators Name 2007 Key Committee Chairs N.Y. Firm Promises Weather Risk Management Tools for Corporations Supreme Court to Hear Case on Environmental Cleanup Costs AIG Looks to Acquire Outstanding Shares of Auto Insurer 21st Century Study: Many Teens Tired and Distracted While Driving Court Reverses $20 Million Jury Award to Ex-State Farm Agents Ebix Seeks to Merge with Docucorp A.M. Best Affirms Main Street America Group’s ‘A’ Rating Brown & Brown Elects Kirk Western President; Masters Adds Programs Survey: Commercial Prices Continue Declining in Non-Catastrophe Areas Kingsway Acquires St. Paul Travelers’ Non-Standard Auto Unit, Mendota Even Consumer Reports Fallible As Retraction on Car Seats Shows Partisan Politics Influenced Katrina Response, Says Former FEMA Chief PGI Program Covers Exterior Insulation/Finish Systems Contractors Feb. 12 is ‘Super’ Monday: Super Regional P/C Insurers™ to be Unveiled Insurer Group Applauds Report’s Call for Optional Federal Charter Aon to Cut 500 Jobs in N.Y., Texas, Maryland Mutual of Omaha Enters Banking MySpace Sued by Families of Children Abused by Adults Met on the Site Travelers Launches Customer Risk Control Site Pres. Bush to Propose Health Insurance Tax Break Royal & Sun Alliance Management Buyout Faces Opposition Gardner Joins N.J.-Based Bollinger as Commercial Lines Director Biggest U.S. Property Cat Losses in 2006 Were Away From Coasts Supreme Court Won’t Hear IBM Pension, Worker Retaliation Cases MetLife Auto’s Mullaney Shifts to Institutional; Moore to Head Auto Honda Recalls 81,000 Accord Sedans over Air Bag Warning Light AAIS Files Terrorism Loss Costs in Commercial Properties Report: U.S. Rails with Hazardous Materials Vulnerable to Terrorists AIG Elects Senior Vice Presidents ‘Hank’ Greenberg to Keynote Target Markets Meeting in May Insurance Skills Center Hosts 20th Annual Agribusiness Conference Insurance Journal Names Demotech As Official Research Partner Insurer Trade Group Launches Global Warming Web Site Supreme Court Hears Insurers On Credit Notification Practices MedRisk Workers’ Comp Provider Organization Now in 36 States Grapes, Milk, Fish Guts: Vintners May Have to Label Allergens Booth of Allianz Chairs ACORD Sen. Ensign Introduces Federal Malpractice Award Cap Legislation Industry Charity Names Nazeri as N.Y. Division Leader Nader Group Urges Improving Patient Safety, Removing Dangerous Doctors OneBeacon Signs Trident Managers for Ocean Marine Goldman Sachs to Buy USI Holdings Wanna Get Away? See the USA? Insurance Journal Tracks ’07 Meetings Markel Offers New ‘Follow Form Excess’ Product Casino Magnate Wynn Pokes Lloyd’s Over Damaged Picasso Offer CEO Storms Seeks Bigger Role in Risk Management for Marsh SUA Small Business Workers’ Comp Now Offered by Appalachian Underwriters Anderson Named Principal at William Gallagher Fuhrman Joins Crump as VP of Agency Relations After Record 2006, P/C Insurers See Promising 2007 Ahead Congress Prepares to Tackle Global Warming Legislation D&O Insurers Not Worried About Stock Options Backdating Probes…Yet Catlin US Names Presperin CFO Marsh Facility Delivers Property Cat ‘Sidecar’ Directly to Corporations Key Federal Katrina Ruling Favoring Homeowners Surprises Industry Lloyd’s Chief Says Insurers Must Take Action on Climate Change Issues Shand Morahan Revamps Lawyers Professional Liability Program P/C Execs Expect Terrorism Insurance Renewal, Win in Katrina Suits U.S. Cities to Receive $445 Million to Protect Against Terror Attacks Judge Orders 83 Katrina Claims Cases, Including Sen. Lott’s, to Mediation Sen. Kennedy Urges Universal Health Plan, Solicits Recommendations Markel Global Marine & Energy Launches Onshore Energy Property Division CNA to Offer Small Business EPL Package Miss. Congressman Calls for Federal Probe into Insurers’ Katrina Practices Miss. Jury Hears Opening Statements in Katrina Suit Against State Farm Chubb Introduces Specialized D&O Coverage for Small Public Companies AIX Group Unveils Program for Auto Physical Damage Cover for Trucking S&P: CNA Financial Corp. Units Ratings Withdrawn After Mergers ACE USA Releases D&O Risk Management Podcast Report: Nearly 20% of Customers Consider Switching Insurers After Collision Argonaut Group Adds Vezzosi as Chief Operating Officer Consumer Federation: Insurers Increase Profit Levels by Overpricing Policies National Group Responds to Consumer Federation Study on Insurer Profitability Labor Groups Sue to Force Employers to Pay for Safety Equipment Insurers Build Record-High Surplus, Lower Non-Coastal Rates After Hurricane Respite Sales of Federal Flood Insurance Policies Rose 13% in 2006 Denver-Based Company Recalling Sausage Insurer Warns Some Cyber Policies Leave Gaps in Coverage Purdue Study: Drivers’ Age and Gender Major Factors in Severity of Accident Injuries House Reps. Introduce National Catastrophe Insurance Proposal Regulators to Reduce Committee Meetings; End Meetings on Mondays Donegal Mutual of Pa., Sheboygan Falls Mutual of Wis. Affiliate Consumer Group to Unleash Attack on P/C Insurers for ‘Overcharging’ St. Paul Travelers Agrees to Halt All Contingent Commissions USRisk Brokers Launches Parking and Valet Operators Program Agents, Brokers Set 2007 Legislative Priorities Report: Traffic Accidents’ Share of Workers’ Comp Losses Grows Swett & Crawford Buys N.J. Wholesaler Oxbridge BB&T Completes AFCO, CAFO Acquisitions E. Coli Outbreaks Have Industry, Government Increasing Safety Planning Key to Surviving Avian Flu, Penn State Professor Says Reinsurance Rates Falling or Flat, Except on U.S. Wind Exposures, Willis Reports Despite 2004 Ruling, Mexican Truck Travel Still Limited Venture Insurance Programs Launches Independent Marketing Affiliate MetLife Pays $19 Million to Settle Spitzer Investigation Marsh Reported Selling Putnam to Canada’s Power Company Government, Industry Push to Protect Food Chain National News Archives
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