National News
News for August 2007
August 31, 2007
August 30, 2007
- Trial Bar Report: Insurers Still Denying Claims 2 Years After Katrina
- U.S. Insurers' Subprime Exposure 'Minimal,' Says Fitch Ratings
- Ratings Recap: Sompo (U.S.); Clarendon, Kentucky National
August 29, 2007
- NCCI Proposes Reduction for Workers Compensation Rates in Florida
- Insurer's Civil Suit Warning Halts Probe of N.C. Lacrosse Rape Case
- U.S. Reinsurers' Report Premiums Dropped in 2d Quarter
- OneBeacon Pro Offers Admitted Managed Care E&O Coverage
- National Hurricane Center Hires Acting Deputy Director
August 28, 2007
- P/C Insurers Must Diversify Products, Distribution, Says IBM Study
- Flood Insurance Reform Stalls in Congress
- Mich. Accident Fund Acquires CWI Holding Inc.
- Accident Fund Signs Agreement to Purchase CompWest
- U.S. Risk Names Stringer to Head Brokerage Operations
August 27, 2007
- Liberty Mutual Realigns Agency Companies to Welcome Ohio Casualty
- NCCI: Workers' Compensation Claims Frequency Continues to Fall
Living, Breathing and Insuring Golf- Quaker Special Risk Enhances High Value Home Coverage
- Berkley Names Standen President of Workers' Comp Writer Key Risk
August 26, 2007
August 24, 2007
- Insurance Crash Test Videos Becoming Popular on the Internet
- Progressive President Apologizes for Wrongful Investigation Tactics
- Governors Urged to Back OFC Legislation
- Fitch to Update U.S. Mortgage Insurance Capital Model to Reflect Recent Default Experience
August 23, 2007
- Rating Recap: LandAmerica
- 'Smart' Cars Could Make Driving Safer, Researchers Say
- Fireman's Fund Introduces Coverage for Collector Cars
- Wal-Mart: Tests Show Traces of Melamine in Dog Treats
August 22, 2007
- The Blame Game and the Subprime Mortgage Lending Meltdown
- Best Upgrades and Affirms Berkley Group Operating Companies
- Ratings Recap: Park, Fidelity National, Nationwide Mutual, Universal American
- Federal Officials Release Data on Drunken Driving Fatalities
- Report: Fires on College Campuses on the Rise
- Wal-Mart Quietly Pulled Dog Treats But Didn't Issue Recall
- American Family Agents Recognized For Excellent Customer Service
August 21, 2007
- Ratings Recap: Employers Direct, Penn Treaty Network, Allstate Floridian
- Liberty Mutual Receives Regulatory Approvals for Ohio Casualty Acquisition
- Liberty Mutual Agency Announces Two Executive Appointments
- Wilbur Joins American Collectors Insurance
August 20, 2007
- States, Federal Agencies Try to Keep Up With Wildfires
- Storm Damages Pa.'s Carnegie Science Center
- Northland Adds Identity Theft Coverage to Transportation Policies
- Mammone Joins Professional Underwriters
August 17, 2007
- Bush Administration Opposes 'Scheme Liability' in Key Investor Lawsuit
- Insurance Safety Group Labels Acura, Kia, Volvo Best for Side Crashes
- Law Firms Target Subprime Hedge Funds
- Best Places Balboa Group Ratings under Review - Negative
- IISI Offers Courier/Package Delivery Program
- Hold the Kibble: Fat Cats and Dogs Cost Pet Insurer $14 Million
- ACE Stand-Alone Product Protects Retired Directors' Personal Assets
August 16, 2007
- Interim Report: No Proof Insurers Labeled Katrina Wind Claims as Flood
- Ratings Roundup: Dongbu (Hawaii); SPARTA; Benicorp
- Smith to Retire as President of Arbitration Forums
August 15, 2007
- White House Urged to Back SEC's 'Scheme Liability' Position
- FedEx Settles Race Bias Class Action for $55 Million
- Official Blames Safety Flaws in U.S. Aviation System for Comair Crash
- Mattel Could Announce Second Recall of Chinese-Made Toys
- Chubb 'Green Team' to Further Develop Renewable Energy Sector
August 14, 2007
- GAINSCO Sells E&S Writer General Agents Insurance Co. to Montpelier Re
- Hurricane Modeling Pioneer Clark Forms Consulting Company
- Venture Expands Golf Club Program with OneBeacon
- Hanover Expands Small Business Suite with Professional Liability
- Hanover Names Albright Chief Actuary
August 13, 2007
- AIG Reassures Investors About Subprime Mortgage Loan Exposure
- C.V. Starr Among Investors in Goldman Sachs Hedge Fund
- Swiss Re Names Matt Leming Sales Leader for Stop Loss Products
August 10, 2007
- Government Forecasters Join in Lowering Atlantic Hurricane Estimate... Slightly
- Fatal Workplace Injuries Drop Slightly, Census Reports
- U.S. Warns States After Potential Flaw Found in Minn. Bridge Design
- Gore: Polluters Finance Research to Cast Doubt on Global Warming
- Best Reviews National Financial Rating
- Ratings: R.V.I. Guaranty, Conseco
August 9, 2007
- Utah Cave-in Happened too Soon for W. Va. Safety Reforms
- Sloan Mason Offers Street, Road, Paving Contractors Program
- Lawmakers: Former Hurricane Center Head Should Get Old Job
- 8 More Insurers Sign Up as Sponsors for Agent Branding Program
- Study: More Consumers to Purchase Auto Coverage Without Agent
August 8, 2007
- U.S. May Join Lawsuit Claiming Insurers Defrauded Government Over Katrina Claims
- Gray Lowers Hurricance Forecast to 4 Intense Storms
- Parents, Toy Companies Stressed Over Major Toy Recall
- Marsh Cleared to Accept Insurer Fees
- S&P Report Analyzes U.S. Insurers Hurricane Readiness
- Best, S&P Lower Conseco's Ratings as Run-off Losses Continue
- Rating Roundup: General Re
- S&P Lowers Kanawha Ratings to 'BBB;' CreditWatch Positive
- K&K Group Offers Enhancements to Fitness, Dance Instructor Program
- For 2Q, AIG Profit Jumps 34%
August 7, 2007
- Katrina at Two Years: $40.6 Billion Paid on 1.7 Million Insurance Claims
- Marsh Revenue Up 2% in 2d Quarter
- Best Makes Esurance Ratings Changes
- Rating Announcement: Erie Indemnity
- AIR Reports Modeling $3 Billion in Catastrophe Bonds To Date in 2007
August 6, 2007
- Best Bridge Inspections Involve More Than Meets the Eye, Say Experts
- U.S. House Bill Seeks to Stabilize Property Insurance Market
- Berkshire Hathaway Insurance Earnings Exceed Expectations in 2d Quarter
- Hub Acquires N.Y.'s Jacobs & Jacobs
- Marsh Completes Sale of Putnam Investments to Great-West Lifeco
August 3, 2007
- Insurers Prepared for Claims from Fatal Minneapolis Bridge Collapse
- Ratings Recap: LandAmerica, Jefferson Pilot Financial
- Former National Hurricane Center Director Asks for Job Back
- Liberty Mutual Names Meuret VP for Regional Markets Field Operations
August 2, 2007
- House Committee Advances Bill to Extend Terrorism Reinsurance Backstop for 15 Years
- Net Income Up 8% for Willis in 2d Quarter
- Citi Completes Acquisition of BISYS; Resells Retirement Unit to J.C. Flowers
- Specialty Lines, Investment Results Highlight OneBeacon 2d Quarter
- Best Places Aon's Life Subsidiaries on Review/Negative
- Officer Assigned to The Hanover's Southeast and Central Regions
August 1, 2007
- Senate Banking Panel to Hear Natural Disaster Commission Bill Today
- Shand Morahan Buys Investment E&O Specialist Cambridge Alliance
- Hanover Reports Improved 2Q Earnings
- Consumers Urged to Learn Credit Scores and How to Improve Them
- NSM Acquires Fla. Hotel Program Administrator Target Insurance Group
- Hilb Rogal & Hobbs Acquires Colorado's Brown/Raynor Agency
- Hub Buys Texas-Based Rigg Group's Retail, Wholesale Operations
- Ratings Recap: Ohio Casualty; Unum; CICA; Converium (No. Am.); MGIC; Wisconsin Mutual
- Aon Eyes Sale of Life Unit; Reports 2d Quarter Net Up 24%
- Chubb Names Commercial Lines Market Segment Manager
- Feuer Named to New Post as CEO of Marsh U.S. Business