National News
News for March 2009
March 31, 2009
- Supreme Court Lets Stand Tobacco Firm's $80 Million Punitive Damages
- U.S. Mining Safety Officials Look to Reduce Number of Contested Cases
March 30, 2009
- Lawsuit Against AIG Seeks Return of Bonuses, Perks
- CNA Offers New Programs for Campgrounds, Tattoo Artists
- ISO's Cadorine Receives Legends Award
March 27, 2009
- Insurers Find Geithner Regulatory Plan Unclear on Federal Role
- Obama Plan Would Tighten Regulation of Large Financial Firms
- Obama Plan Retains Their Insurance Role, Say State Regulators
- Great American Insurance Introduces Cyber Risk Policy
- S&P Cuts Outlook on Berkshire to 'Negative'
- Sonnichsen to be Chief Contact in D.C. on State Insurance Regulation
March 26, 2009
- Corporate Directors Push New Governing Principles, Better Oversight
- Study: Agency Satisfaction Linked to Amount of Business Sent to Insurers
- Democrats' Bills Would Create U.S. Financial Product Safety Commission
- Abacus Expands Online Entertainment Programs
- The Hanover Launches Wholesale Distributors Program
March 25, 2009
- Allstate Agents Back in Court over Claims of Age Bias by Insurer
- Obama Team Seeks Powers to Wind Down Non-Banks Like AIG
New Insurance Agencies Defy Hard Economy, Soft Market- N.H. Receives Lowest Crime Ranking; Nevada Ranks as Worst State
- AIG, Credit Default Swaps and the Lack of Regulation
- Travelers Agribusiness Introduces New Automated System for Agents
March 24, 2009
- Spring Weather Warnings: Midwest Floods; Droughts in South, West
- Job Bias Charges Hit Record High
- Treasury's Geithner, Fed's Bernanke Testify on AIG, Need for Reform
- New York Federal Reserve Chief: U.S. to Get Back All Funds Given to AIG
- Senate Push Over AIG Bonuses Appears to Lose Steam
- 15 AIG Employees Give Back Bonuses
- Insurance Agents 40-and-Younger: What Are YOU Thinking? Exclusive Young Agents Survey
March 23, 2009
- AIG Begins Name Change to AIU, Starting with N.Y. Building
- AIG, Countrywide in Legal Feud Over Insurance for Subprime Loans
- State Regulators Say AIG Insurance Policyholders Still Protected
- Ratings Roundup: American Family, Battle Creek, Central Co-op
- Deutsch Departs Ironshore; Kelly to Succeed as President
- 'Claims Made" Coverage Pushed Far From Its Simple Goal
- Swett & Crawford Names Peterson to Head New Auto Program
March 20, 2009
- Billionaire Investor Ross Interested in Reinsurance Sector, Waiting on Pricing
- Anti-AIG Protests Draw Small Crowds
- Consumer Confidence in Financial Firms Influenced By Advertising
- Ironshore Names Kostro as Vice President of New Underwriting Unit
- Name That Group - Economic Crisis Could Revive 19th Century Pastime
March 19, 2009
- U.S. House Passes Measure to Recoup AIG Bonuses
- U.S. House to Vote on Tax on AIG Bonuses
- AIG CEO Liddy: 'I Need All The Help I Can Get'
- Vioxx Class Action Dismissed Again
- Obama Financial Regulatory Reform to Target Ailing Firms
- NIP Specialty Launches New Facility for Businesses in Bankruptcy
- Professional Liability Insurance Enhances Real Estate E&O Program
March 18, 2009
- Regulators: AIG Not Using Bailout Funds to Underprice Insurance
- AIG Asks Financial Products Employees To Give Up Half of Bonuses
- Democrats Agree Health Reform Must Include Medical Liability Changes
- U.S. to Claw Back AIG Bonuses, Congress Eyes Taxing Recipients
- AIG's Liddy Says Taxpayers Will Be Repaid
- Auto Loan Delinquency Rate Up Nearly 9%
- AIG CEO Liddy to Appear Before House Committee Today
- Testimony of AIG CEO Liddy on Capitol Hill
- AIG Employee Contracts Detailed
- Insurance Agents 40-and-Younger: What Are YOU Thinking? Exclusive Young Agents Survey
- State Farm Recalls Promotional Teddy Bears Made in China
March 17, 2009
- Insurers' Use of Credit Scores Faces Renewed Scrutiny by Regulators
- U.S. Treasury Readies Systemic Risk Financial Regulation Blueprint
- 400 AIG Financial Unit Employees Promised $650 Million in Bonuses
- U.S. Modifying AIG Aid to Recoup Financial Products Unit Bonuses
- AIG Bonuses Should Be Delivered By FBI, Says Consumer Group
- Obama Wants to Distance Economic Plan, AIG Rescue
- Ratings Roundup: Zenith, State Farm, Restoration RRG
- Demaret to Chair World Federation of Insurance Intermediaries
- Cawley Named Chief Actuary at Valiant Insurance Group
March 16, 2009
- Obama's FEMA Director Brings Hurricane Experience from Florida
- AIG's European Bank Payments, Bonuses Spark Political Outrage
- AIG Bank Payments - Is the Media Missing the Point?
- Rep. Frank: Might Be Time To Fire Some People At AIG
- Timeline: AIG Developments Since U.S. Bailout
- Obama Urges All Legal Means to Stop AIG Bonuses
- Main Street America Reports $44 Million Underwriting Profit in 2008
- Insurance Agents 40-and-Younger: Where Are You? What Are YOU Thinking? Exclusive Survey
- Survey: Commercial Lines Pricing Drops Just 3% in Q4
- Translators' Liability Covered By Professional Program Insurance
- Buffett's Compensation Remained $175K for 2008
March 15, 2009
March 13, 2009
- AIG Collapse Effect on Life Insurance Sector Overstated: Analysts
- Taxpayer, Green Groups Oppose Adding Wind to Flood Insurance
- Congress Gives U.S. Official 3 Weeks to Revise Mark-to-Market Accounting
- Beazley Group Adds U.S. Builders Risk, Engineered Risk Capabilities
- U.S. Firms Seek Trade Credit Insurance to Protect Revenues
- Ratings Roundup: Great Western, Connecticut Life & Casualty Insurance
March 12, 2009
- Salmonella Recall Could Cost Peanut Producers $1 Billion
- Study: General Liability Losses, Expenses Likely to Rise Rapidly
- CCC-Mitchell Cancel Merger After Court Grants Injunction Sought By FTC
March 11, 2009
- National Flood Insurance Program Gets Short-Term Extension
- AIG Bailout Good For Goldman Sachs, Other Banks But Not For Investors
- Study: Safety Modifications Important for Aging Workforce
- IMCA Showcase Awards Call for Entries
March 10, 2009
- Corporate Directors Finding Time in Boardrooms Not Worth Trouble
- Journalists, Bloggers Watching Libel Case Involving Staples' E-mail
- AIG Loses Reinsurance Executive to Greenberg's Starr Company
- Ratings Roundup: GMAC Direct, MEEMIC, Eastern Alliance, Grain Dealers
- Captive Insurance Industry Honors Westover of ICS
March 9, 2009
- Independent Agents Hold P/C Market Share Despite Falling Prices
- Who Got AIG Bailout Funds? Partial List of Firms Published
- Peanut Plant Says It Has No Insurance for Consumer Injuries
- Wyeth Ruling Could Bring Improved Drug Safety, More Lawsuits
- Medical Device Makers Could Face Increased State Liability Claims
- How AIG Fell Through the Regulatory Cracks
March 6, 2009
- National Flood Insurance Program Gets 5 Day Extension
- National Flood Insurance Expected to Get 5 Day Extension Today
- Doctors' Flat Fee Plans Give Insurance Regulators Headaches
- Senators Demand Details, Officials Admit Regulatory Gaps on AIG
- U.S. Federal Reserve Won't Name Firms Helped By AIG Bailout
- Top 5 Reasons Insurance Consumers File Complaints Against Insurers
- The Hartford Reported In Talks to Sell Life Insurance Unit
- Continental Marmorstein & Malone's Rozzell Passes Away
March 5, 2009
- National Flood Insurance Program Set to Expire Tomorrow
- Judge Says AIG Claim Against Ex-CEO Greenberg's Firm Can Proceed
- Supreme Court Weighs When Elected Judges Should Step Aside
- New York Insurance Chief Dinallo's U.S. Senate Testimony on AIG
- New York Regulator Says AIG Securities Lending Losses Manageable
- AmWINS Acquires 3 Medical Stop Loss Insurance Wholesale Brokers
- Chubbdog Millionaires: 10 Insurance IT Employees Hit the Jackpot
March 4, 2009
- U.S. Supreme Court: Drug Makers Liable Even With Warning Labels
- Bernanke Defends AIG Rescue, Says U.S. Had No Choice
- Despite Soft Market, Commercial Insurance Outlook Stable: A.M. Best
- Best Maintains Stable Outlook on U.S. Personal, Commercial Lines Sectors
- S&P Affirms State Farm Ratings, But Revises Outlook to Negative
- S&P Downgrades Hartford and Subs; Negative Outlook Assigned
- IMA Forms Unit to Focus on Small Commercial, Personal Lines Business
- RLI Launches Network Security, Privacy Breach Coverage
March 3, 2009
- AIG Restructuring Chief Reynolds Has Tough Job in Tough Market
- Analysis: AIG Meltdown Has Roots in Greenberg Era
- Federal Reserve in Uncharted, Risky Territory with AIG Investment
- Best, S&P See No Change in AIG's Ratings, But Outlook Remains Negative
- Best Downgrades Hartford's Life and P/C Ratings; Outlooks Mostly Negative
- Ratings Roundup: Tower, Magna Carta, Wolverine
March 2, 2009
- AIG to Form Holding Company for P/C Business; Sell Minority Stake
- AIG Reports $62B Loss for Q4; $99B for Year
- Ex-CEO Greenberg Sues AIG, Alleges Securities Fraud
- Global Markets Fear Disaster If AIG Is Allowed to Fail
- Obama Budget Would Boost Funds for Workplace Safety Programs
- Reinsurance Broker Guy Carpenter to Acquire Collins
March 1, 2009