National News
News for February 2008
February 29, 2008
- Berkshire Net Down 18%; Buffett Eyes Successors, Lower Insurance Earnings Ahead
- Credit Crisis Throws AIG into 'Uncharted Waters'; Further Write-Downs Possible
- U.S. Judge Nixes Shareholder Suit Against Pfizer Over Failed Drug
- Pedophile Suspect Death $100M Suit Against NBC's 'Dateline' to Proceed
- AmComp Announces 2007 Fourth Quarter and Year-End Figures
- Willis Renews Pact with CEO Plumeri To 2011; Makes Other Appointments
- IMCA Showcase Calls for Entries
February 28, 2008
- Google to the Rescue with Electronic Medical Records System?
- AIG Financials Due Friday
- Report: Auto Claim Frequency Drops But Claim Severity on the Rise
- Financial Institutions' Directors and Officers Insurance Rates Jump
- Best Puts GMAC's Ratings Under Review/Negative
- Camera, Lights, Action: Chubb Offers New Risk Policy for Film Producers
- Venture Names Dolce, EVP; Teter, Senior Underwriter
- Leadership Switches at Guy Carpenter
February 27, 2008
- Alaska Fishing Town Braces for Court Look at Exxon Valdez Spill
- W. Va. Judge Upholds $196M Award against DuPont
- Sky Is Falling: What's the Chance of Space Debris Hitting Earthlings?
- States Stretch Family Health Policies to Cover Young Adults
- Buffet Shareholder Letter on Friday May Touch on Insurance, Succession
- AIG Expected to Post Rare 4Q Loss on Write-Down
- Nissan Murano Gets Top Rating in New Crash Tests
- Ratings: United Fire, USI Holdings, Public Service Mutual, Berkshire Hathaway, Am. Family, Old Republic, Conseco
- First Auto Policy Sold 110 Years Ago Today
- MetLife Names 2 to Board of Directors
February 26, 2008
- Pension Plans Sue Yahoo Over Spurning of Microsoft Offer
- Investors Relieved as Bond Insurer MBIA Keeps Top Credit Ratings
- U.S. Healthcare Spending Surge Expected in Next Decade
- A.M. Best Predicts Personal Lines Stability in 2008
- OdysseyRe Taps Young to Head Global Insurance, London Market Operations
- Lexington Insurance Co. Adds New Product LexElite Eco-Homeownersm
February 25, 2008
- 5 Execs Found Guilty of Fraud in Gen Re-AIG Trial
- Coastal Growth, Not Global Warming, Blamed for Rising Storm Losses
- Former Marsh Execs to Appeal Conviction in Bid-Rigging Case
- Aon Buying 'Substantially All' of Gallagher's U.S/UK Reinsurance
- Federal Agencies Still Lacking Identity Theft Protections, Says Report
- Buffett Rapidly Grows His New Municipal Insurance Arm
- And the Award for the Riskiest Movie to Insure Goes to...
- The Hartford Promotes 2 Key Execs
- Annotti Leaving Insurer Trade PCI to Head National Fraternal Congress
February 22, 2008
- States Make Progress But Still Unprepared for Pandemic, Says U.S.
- AIG Files to Block ex-CEO Greenberg's Access to Internal Documents
- Two Former Marsh Execs Found Guilty of Bid-Rigging
- Ex-Marsh & McLennan CEO Cherkasky to Get $7.15M Severance
- Aviation Officials Say Kentucky Ruling Could Jeopardize Safety Reporting
- Employers, Lawmakers Push Doctors to Adopt Electronic Prescriptions
- U.S. Court Dismisses 'Agent Orange' Case Against Chemical Firms
- Ratings Roundup: National Automotive, Folksamerica Re, Penn Treaty
Final Call to Participate: Who's Worth What in the Independent Agency System?
February 21, 2008
- IRS Agrees to Drop Captive Insurance Tax Change
- U.S. Treasury Optimistic on Bond Insurance Solution
- Meadowbrook to Acquire Specialty Insurer ProCentury in $273M Deal
- For Anglo-Dutch Reed, Insurance is 'Jewel' in Acquisition of ChoicePoint
- Survey: Industry CEOs Overlook Potential of Technology
February 20, 2008
- IRS Tax Code Change Called Threat to Captive Insurance States
- Consumer Safety Chief Slams Toy Industry Over Poor Safety
- Travelers $500M Asbestos Settlement Overturned
- Report: Free Smoke Detector Distribution Lags in Rural Areas
- U.S. High Court Bars Some State Suits over Medical Devices
- Ratings Roundup: Progressive, Springfield, Aveta, Accident Fund, Financial Guaranty
- Bird Joins Midlands Management as EVP, Chief Operating Officer
- Hayden Joins Specialty Unit of Berkley Net Underwriters
February 19, 2008
- N.C. Poultry Industry Workplace Safety Prompts Federal Hearings Plans
- U.S. Supreme Court to Hear 5 Age Bias Cases This Term
- N.Y. Regulator to Weigh Split of FGIC's Bond Insurance Business
Who's Worth What in the Independent Agency System?- Metal Pieces Found Embedded in Lollipops
February 15, 2008
- Study: Subprime Mortgage Lawsuits Outpacing Savings & Loan Crisis
- U.S. Proposes System to Promote Voluntary Reporting of Medical Errors
- S&P Takes Rating Actions –'Mostly Negative'- on U.S. Mortgage Insurers
- Progressive Receives U.S. Patent for Concierge Claims Service
- RiskMeter Report Now Covers Entire Atlantic and Gulf Coasts
- New A.M. Best Reports Written to Help Consumers Evaluate Insurers
February 14, 2008
- Avid Biker, U.S. Transportation Chief Sends Helmet Legislation to Congress
- Bush's Budget Would Include Millions for Hurricane Research
- Encrypted Laptop with Pornography Poses Constitutional Dilemma
- A.M. Best Places AIG Ratings Under Review with Negative Implications
- Investor Warning: Finance Professors Often Don't Practice What They Preach
- Ratings Recap: PMA Capital, FM Global, American Mining, Discovery, ACE/INA, Argonaut
- Marsh Moves to Declassify Board of Directors
- Darwin Pro Enters into Pact with Marketing Network ASPN
- General Star Consolidates Excess, Primary into New Casualty Unit
February 13, 2008
- Prosecutors Say Gen Re-AIG Execs Knew of Reinsurance Wrongdoing
- Medical Costs for Auto Injury Claims Outpacing Inflation
- Report: Black Market for Computer Vulnerabilities Weakens Web Safety
- Firms Use Employee Codes of Practice to Address Third Party Ethics
- C.V. Starr Adds Allied World's Management Liability to Offerings
February 12, 2008
- AIG Downplays $5B Write-Down; Rating Agencies, Wall Street Concerned
- Survey: Wealthy Americans Still Fret Over Financial Stability, Security Issues
- Quarterly Profit Down 62% at Marsh
- S&P Revises Outlook on AIG
- Ratings Recap: Darwin, First American, CIGNA, First Marine, SUA, Tailwind/Northwind/Unum
- Preferred Club Program Broadens Club Insurance Coverage
- Claims President Out at Progressive
February 11, 2008
- Jurors to Begin Deliberations on Gen Re-AIG Reinsurance Case This Week
- TheStreet.Com's Jim Cramer: AIG Got Cocky, Got Caught
- OSHA Hit for Lack of Safety Rules on Deadly Dust Explosions
- AIG Shares Fall as Insurer Reports Internal Audit Weakness
- Liberty Mutual's Profit Dips Almost 7% in 2007
- W. R. Berkley Corp. Reports Record Net Income of $744M for 2007
- Singer Tom Jones Denies Chest Hair Insurance Report
- Republic Companies Acquires Ariz.-based General Agency
- HCC Insurance Holdings Settles Class Action Lawsuit
- State Auto Offers Enhancements to ID Theft Coverage Program
- Minico Offering Self-Storage Property, Wind Coverage in Coastal States
February 8, 2008
- FEMA Continues To Support States Struck By Recent Tornadoes
Who's Worth What in the Independent Agency System?- Congress Directs Investigators to Analyze NASA Air Safety Data
- Buffett Says Berkshire Won't Invest in Troubled Bond Insurers
- U.S. Bank Regulators See Moderate Risks from Bond Insurers
- Aon Reports 4th Quarter and Full Year 2007 Results
- Report: Banks May Raise Funds For Bond Insurer FGCI
- ACE/INA to Issue $300 Million in Notes; S&P, Fitch Ratings
- Small Businesses May Need to Spend a Little to Cut Expenses
February 7, 2008
- Super Tuesday Tornadoes Tear Through U.S. Mid-South
- Trial Witness Says Buffett Was Told of General Re-AIG Deal
- Willis Reports Q4, FY Earnings; Conference Call Today
- Ratings Roundup: Seven Seas, Great Midwest, CompWest
- Smith Named New President, CEO for Arbitration Forums
- Gramercy Insurance Company Launches Trucking Liability Program
February 6, 2008
- Brutal Tornadoes Lacerate Southern States Killing at Least 48 People
- Uncertainty Over Bond Insurer Downgrades Leaves Investors Wary
- AIR Worldwide Surveys Super Tuesday Tornadoes
- Allstate Defends Property Insurance Rate Proposal to Lawmakers
- CBIZ Acquires Md.-Based NAIS
- NAS Offers Regulatory Business Shutdown Coverage
- New Pooled Members of State Auto Insurance Companies Upgraded
February 5, 2008
- Study: Subprime Crisis Not Materially Affecting D&O or E&O Pricing
- Clinton Suggests Tapping Wages of Those Who Won't Buy Insurance
- Report: D&O Insurance Costs Highest for Financial, Tech, Life Science Firms
- ChoicePoint to Buy Insurance Analytics Firm, Optimal Decisions Group
- Motorists Mutual Adds Employment Liability to Commercial Auto Policies
- Universal North America to Acquire Policies from Houston General
February 4, 2008
- Judge Weighs Dropping Financial Firms from Enron Lawsuit
- U.S. Safety Agency Pushes to Require Nonflammable Home Furniture
- Consumer Group Says U.S. Safety Agency Delays Some Product Warnings
- Mercator Risk Services Acquires Tennant Risk Services
- BancorpSouth Insurance to Buy JMG/IC Insurance of Texas
- Ratings: CUNA/CUMIS, Fremont, National Interstate, Patrons et.al., FGIC, Munich Re (US)
- Jennings Promoted to President for Crump Wholesale Division
- Reinsurance Broker BMS Names Buysse as CEO for North America
February 1, 2008
- GAO Urges Changes in Wind, Flood Damage Determinations
- N.Y. Bond Insurer Rescue Plan Seen as a Tough Sell but Important
- How E&S Brokers Thrive and Survive in Today's Soft Market
- Insurance Industry Run by 'C' Students? Don't Tell CPCUs That
- Insurers Say Property, Flood Insurance, Regulation Top Concerns in '08

