National News
News for October 2007
October 31, 2007
- Supreme Court to Decide on Exxon Valdez Punitive Damages
- Feds Require Financial Firms to Take Identity Theft Prevention Steps
- S&P Affirms Commerce, Mapfre Ratings; Few Concerns Over Merger
- Congressional Hearing Again Targets Regulatory Reform
- Ratings Roundup: Doctors Company, Old Republic Financial, 21st Century
- Baby Seats Recalled after Reports of Three Skull Fractures
- Insurer Trade Group PCI Elects New Officers: Joyce, Blackburn, Abraham
- ARA Insurance Services, NIP Programs Receive TMPAA Awards
October 30, 2007
- Senators Slam Delay in Nuclear Workers' Compensation Payments
- Spain's Mapfre to Buy Mass.-Based Commerce Insurance for $2.2 Billion
- Hanover Insurance Profit Soars 61% in 3d Quarter
- Guy Carp Partners with WSI Corp. to Assess U.S. Hurricane Risks
- HCC Appoints Pessin President of American Contractors Indemnity
- ACE Rebrands INAMAR as ACE Recreational Marine Insurance
October 29, 2007
- House Leader: 120-Day Extension for Federal Terrorism Insurance Possible
- Ratings Roundup: Assurant, Dongbu (U.S.), Home Pointe
- Brownyard Adds Admitted Carrier to Private Investigator Program
- Insurance Industry Charitable Giving Leaders to Gather in N.Y.
- Polk and ISO to Integrate ISO Liability Symbols
October 26, 2007
- ACE Insurance Pays $4.5 Million to Settle Multi-state Bid-rigging Claims
- Insurers Support Bipartisan National Flood Reform Legislation
- Ratings Roundup: Triad Guaranty, Allstate and Affiliates
- Feds Considering Imposing Safety Rules for Leafy Greens
- Chubb Reports 3d Quarter Net Income Up 22%
- British Petroleum to Pay More Than $370M for Violations in U.S.
- Lauerman Named President of HCC's Avemco Insurance Co.
- Burns & Wilcox Names New National Managers
October 25, 2007
- N.Y. Proposal Prompts States to Rethink Regulation of Reinsurers
- Banks Allege TJX Under-reported Number Affected by Data Thefts
- House Panel Calls for Holocaust Insurance Policy Disclosure
- InVEST Introduces New Board Members
October 24, 2007
- Homeowners Insurers Not Earning Cost of Capital Despite Rate Increases
- Zurich Commercial Expands Group Captive Product
- Feds Push for Airline Safety Yields Runway and Training Upgrades
- Report: Meat Plant Reduced Inspections Prior to Recall
- New GAINSCO Marketing Unit to Focus on Motorsports Insurance
- De Blasio to Lead Kinloch's Healthcare Practice
October 23, 2007
- Brown & Brown Posts 14.8% Third-Quarter Increase
- Survey: MMG of Maine Named Best Ease of Doing Business Performer
- Philadelphia Offers New Zoo Product
- Lexington Waives Deductible for NER Registered Losses
- Bauman Joins Zurich to Lead Captive Strategy Unit
October 22, 2007
- Insurers Oppose N.Y. Reinsurance Collateral Changes
- AIG Opens Trucking Unit
- Ironshore Launches Specialty Construction Division
- AT&T Sues Web Phone Company Vonage for Patent Infringement
October 19, 2007
- House Joins Senate in Passing Rail Safety Bill with Hour Limits
- Best Announces Rating Actions on Munich Re/Midland Acquisition
- Advisory Organization Issues State Filing Compliance Guide
October 18, 2007
- N.Y. Moves to Level Playing Field on Collateral for All Reinsurers
- Report: Insurance Initiatives Tackling Climate Change Reach New High
- Survey: Satisfied Buyers of Homeowners Coverage Subscribe to More Than One Policy
- Wholesaler AmWINS Buys Calif.'s London American General
- Fireman's Fund Adds Green Amendments to Builders Risk Policy
- Service Allows Insurance Agency Websites to Go Mobile
October 17, 2007
- Senate Flood Insurance Bill Keeps Current Limits, Omits Wind Coverage
- Senate Panel Releases Compromise Terrorism Insurance Bill
- Captive Insurance Industry Fears IRS Rule Change on Reserves
- Bottom Line: Allstate's Aggressive Personal Lines Strategy Paying Off
- Top Lawyers Plead Not Guilty to Class Action Kickback Charges
- Pension Funds Get $117.5 Million in Options Backdating Claim
- The Doctors Co. to Grow by Acquiring Calif. Medical Liability Insurer, SCPIE
- Mattel Says Fallout from Recalls Could Continue into Holiday Season
- Ratings Roundup: National Financial, HCC, CUNA Mutual
October 16, 2007
- Feds Drawing Up Plans for Major Disasters in 4 Key States
- In War for Talent, More Employers Turning to Voluntary Benefits
- Families of Slain Iraqis Sue Military Contractor Blackwater
- Total Bank Insurance Revenue Up in First Half of 2007
- Liberty Mutual Enhances Commercial Property Policy
October 15, 2007
- Survey Reports Drop in New Lawsuits, Actions Filed Against U.S. Companies
- Rating Recap: Valiant, AXA Insurance
- Hiscox Opens U.S. Global Markets Division; Bolton to Lead Unit
- AIR Service Assesses Insurers' Residential Replacement Values
- DiBlanda Joins New Insurer, Valiant
October 14, 2007
October 12, 2007
- Evidence v. Emotion: How Medical Malpractice Screening Panels Work
- Insurance Lines More Volatile Than S&P 500, Aon Re Study Finds
- Crash Tests: Some Midsize SUVs Perform Worse than Cars
- Workplace Woe: Are Abusive Bosses or Inferior Employees to Blame?
October 11, 2007
- Actuaries Challenged by Terrorism, Natural Catastrophe Insurance Plans
- Property/Casualty Insurers to Pay $1.13 Billion in 3Q Cat Claims
- Judges Clear Way for Wrongful Death Suit Against Blackwater Unit
- SEC Wants More 'Meaningful' Executive Compensation Disclosure
- Swiss Re Opens U.S. Affiliate of Insurance Run-Off Firm
- La. Agent to Lead National Assoc. of Professional Insurance Agents
October 10, 2007
- Actuaries Urged to Watch for Emerging Benzene, Lead, Welding Rod Torts
- RAND Study Finds Taxpayers, Policyholders Benefit from Terrorism Insurance Backstop
- Rating Recap: Guy Carpenter
- Progressive Goes Paperless
October 9, 2007
- Conn. AG Alleges Reinsurance Antitrust Conspiracy Drives Up Consumer Prices
- Corporations Await Supreme Court Ruling on Reach of Securities Lawsuits
- Vehicle Theft Drops Again in 2006
- Merck Says First Fla. Jury Finds Vioxx Not Liable for Heart Attack
- Ratings Roundup: CNA, Lincoln, First Protective, Fidelity Fire
- Broker Kinloch Taps Corrigan as Chief Financial Officer
- Rochman to Succeed Ryland as IBHS President/CEO
- Western Security Surplus Names Stevens President
October 5, 2007
- Congressional Report Questions Germ Labs' Security
- W.R. Berkley Completes Acquisition of American Mining Insurer
- How Men and Women Differ in Running Family Businesses
- Possible Salmonella Prompts Kraft to Recall White Chocolate
- Ratings Roundup: Symetra, Fireman's Fund, Lincoln National
- Harleysville Looks to Boost Benefits Sales Through Commercial P/C Agents
- Kraft Recalls White Chocolate for Possible Salmonella Contamination
October 4, 2007
- Colorado Forecasters Predict Two Hurricanes in October-November
- Ratings: Atlantic American, Safeco
- Affluent Individuals More Concerned Over Estate Tax, Survey Shows
- Big 'I' Installs New Officers; Fulwider Named Chair
- Anderson Appointed President of Argonaut Specialty
October 3, 2007
- Report Finds Accidents at Nation's High-Risk Biolabs Increasing
- House Panel to Begin Airing Insurance Regulatory Reform Proposals Today
- Holocaust Settlement Delayed by Court Until Class is Notified
- States Sue Bush Over Limits on Children's Health Insurance
- Starr International Buys Texas-based P/C Insurer from Berkshire Hathaway
- Dear Taxpayers: IRS Launches Special Audit to Close 'Tax Gap'
- Ratings Round Up: Travelers, Atlantic American
- Sloan Mason Offers Contractor's Pollution Liability
October 2, 2007
- Judge Dismises Corruption Charges Against Marsh, Brokers, Insurers
- D&O, Business Insurance Prices — Except Property — Continue to Drop
- Insurance Commissioner Group's 2008 Budget Anticipates Revenue Growth
- Insurers' Use of Credit Scores on Agenda on Capitol Hill Today
October 1, 2007