National News for October 2012 Hurricane Sandy Losses Should Not Affect Most Insurer Ratings or Premiums: S&P Bank Holding Cos. Set Record in Insurance Brokerage Fee Income: Report Supreme Court Weighs Key ‘Gray’ Market Copyright Case Insured Losses From Hurricane Sandy $7-$15 Billion: AIR Worldwide Preparis, Wells Fargo to Provide Emergency Preparedness Services to Businesses Hurricane Sandy Losses Expected to Top Irene’s P/C Insurers Can Handle Sandy Losses; Flood Program to Bear Brunt Supreme Court Rejects John Hancock Appeal Over Retirement Plan Lawsuits Health Insurers Nervous Over Prospect of Romney Victory Stock Markets Remain Closed Tuesday; Expected to Reopen Wednesday Month End Hurricane Sandy Delivers Severe But Short-Term Economic Blow: Economists Stock Markets Expected to Remain Closed Tuesday Starr Companies Launch Aviation Broker Portal ASI Environmental Enhances Site Pollution Impairment Legal Liability Package FDA Needs New Authority Over Compounding Pharmacies: Report BP Oil Spill Settlement Unlikely Before Election Hurricane Sandy Doesn’t Worry Safety-Conscious ‘Preppers’ Homeowners Insurers Prepare for Hurricane Sandy Update: Hurricane Sandy Could Affect 50 Million People on East Coast Update: Hurricane Sandy Death Toll at 41; ‘Super Storm’ Eyes East Coast Aon to Target Small Acquisitions in 2013 Hotel Shortage Means Delay in BP Oil Spill Trial Until February Chubb’s Q3 Profit Jumps 79%; Commercial Renewal Rates Up 8% Aon Reports 3% Net Income Growth in Q3 Businesses Call for Controls on Litigation Funding Firms Bank of America Employees Could Face Charges in Mortgage Fraud Case Hurricane Sandy Could Cause More Damage Than Irene: Experts Major Hurricane Sandy —Frankenstorm— Threatens East Coast Caffeine Levels in Energy Drinks Don’t Always Match Labels: Study Child Boosters Improve: Insurance Institute for Highway Safety Will Regulatory Reform Trigger Doomsday for Captives? Insurance Software Firm Ebix Partners With E-Signature Provider Silanis Cypress Benefit Administrators Adds Captive Health Insurance for Employers U.S. Sues Bank of America Over Alleged ‘Hustle’ Mortgage Fraud Activist Chairmen, Independent Directors Challenge CEOs, ‘Country Club’ Boards Verisk Insurance Solutions Enhances Foreclosure Alert Product Car and Deer Collisions Cause 200 Deaths, Cost $4 Billion a Year ADP Reworks Monthly Private Jobs Report Meningitis Lawsuits: Product Liability or Medical Malpractice? ISO Updates Businessowners Program Coverage Form W.R. Berkley Posts $101M Q3 Profit; Rates on Renewed Policies Up 7% 8 Lessons to Learn from the Upcoming Presidential Election Rep. Frank Defends JPMorgan Against Lawsuit Over Bear Stearns FDA Investigating 5 Deaths for Possible Tie to Monster Energy Drink F.I.D.O.’s Dog Bite Liability Insurance Fills Coverage Gap AIG to Pay $11M Multi-State Settlement Over Life Policies OSC Launches Tenant Protection Program for Rental Property Owners What Makes a Marginal Producer? Lower Catastrophe Losses, Better Rate Environment Increase P/C Net Income: A.M. Best Demand For Transactional Risk Insurance Jumps by 35%: Marsh Liberty International Underwriters Expands U.S. Global Crisis Management Unit Meningitis Toll Rises; Pharmacy Owners Sued Financial Oversight Panel Eyes Prudential As ‘Systemically Important’ Aon’s Affinity Healthcare Opens PL Programs to Independent Agents Travelers Will Continue to Seek Improved Pricing: CEO Fishman U.S. Weather Forecast: Winter to Continue Hot Weather Trend Independent Agencies Continue Growing in Number, Revenues: Study Express Scripts Tackles Physician-Dispensed Drug Costs Under Workers’ Compensation Travelers Profit Soars to $864M in Q3 as Catastrophe Losses Fall CISR Insurance Designation Program Expands Options Weak El Nino Could Affect U.S. Weather in Coming Months Nissan Unveils Electronic Steering, Automatic Parking Car Safety Features Ally Financial to Sell Mexican Insurance Business to ACE Hartford Steam Boiler Launches Energy Saving Tool for Homeowners Policies Philadelphia Insurance Names Bayer as Senior VP of E&S, Promotes Angelo in Southeast Non-Financial Risks Are Real for Technology Firms: Survey Last Chance: Be a Part of This Year’s Agency E&O Survey Towers Watson to Enhance Long-Term Care Insurance Capabilities WorkCompOne Launches Coverage Website for Small Business Owners Insurers Should Face Capital Charge on Risky, Non-Core Activities: Regulators OneBeacon Cuts Ties with Hagerty Agencies, Selling Essentia to Markel High Risks Seeing Double-Digit Hikes in Excess Casualty Rates: Marsh Hospital, Physician Professional Liability Undergoing Major Change: Aon Top 25 Workplace Harassment, Bias Settlements Chartis Adds CrisisResponse Coverage to Corporate Aviation Policies Mobile Device Explosion in the Workplace Creates Need for Heightened Security Meningitis Outbreak, Already in 15 States, Far From Over: Health Expert Brown & Brown Boosts Earnings in Q3, Sees Middle Market Improving Insurance Industry’s Text-to-Give Campaign Supports 4 Charities Uncertainty Marks Federal Regulation of Compounding Pharmacies ACE USA’s Excess Casualty Unit Expands Catastrophe Management Coverage General Star Adds Risk Management Hotline to A&E Program Nichols Named President of Surplus Lines Group, NAPSLO Civil Liberties Group Suing Morgan Stanley Over Mortgages Banks Say Settlements Aren’t Slowing Financial Crisis Liability Suits Aon Launches Risk Pooling Practice for Public, Private Sector Groups Hiscox Launches Solo Strike Liability Protection for US Healthcare Institutions Nationwide to Settle Harleysville Policyholder Class Action for $26M Business Groups Sue SEC Over Dodd-Frank Anti-Bribery Rule OneBeacon Launches Non-Admitted Lawyers E&O Product Wal-Mart to Pay for Heart, Spine Surgery for Employees 2012 Agency E&O Survey: Participate Now BP, Justice Department Close to Oil Spill Settlement: WSJ Schinnerer Adds Small Business Miscellaneous E&O Policy Paychex, Employers to Provide Work Comp to Small Businesses P/C Sector Expected to Post Strong Q3 Earnings: KBW Zurich in North America Names New CFO US Safety Regulator Warns about Counterfeit Airbags U.S. Sues Wells Fargo in Civil Mortgage FIRREA Fraud Case Allstate: Overweight Drivers, Passengers Hurt Vehicle Fuel Efficiency Nationwide: Average Cooking Fire Claim Tops $30,000 U.S. Insurers Say Fraud Costs on the Rise: Survey Supreme Court Refuses Review of Telecom Immunity Surveillance Case Slow and Steady: Optimism Good for Surplus Lines Market in 2012 State Auto Estimates $6.5 – $7.5Mn Q3 Cat Losses; RED Reserves Increased Markel Updates IT Professional Policy Ratings Recap: Sirius (US), HDI-Gerling (US), Permanent General, Lexon/Bond Safeguard, Selective(NJ) Best Affirms OneBeacon and Subs Group Ratings; White Mountains Gulf States Pressure Obama Over BP Spill Settlement Funds ACE USA Expands Health, Managed Care Privacy Protection Facebook IPO Lawsuits to Be Heard in Court in New York Lawmaker Warns of New Cyber Threats to U.S. Financial Networks Surplus Lines: Regulators Vetting of Alien Nonadmitted Insurers Insurance Noodle Expands Online Quoting to Personal Lines P/C Insurers’ Profits Jump in First Half as Catastrophe Losses Drop Best Agency to Work For: Overall Insurance Institute Names 4 Car Models Top Safety Picks Alteris, Allied World to Offer New WaterPlus Program IronHealth Launches Financial Risk Products for Healthcare Organizations Health Plan Cost Rate Hikes Lower for Large Employers in 2012: Aon New York’s Fraud Suit Against JPMorgan May Aid Private Lawsuits Supreme Court Weighs Government Liability Under Credit Reporting Law Equity Risk Partners Launches Defense, Government Contractor Practice Group AIG Unveils New ‘Refreshed’ Logo Best Affirms QBE’s U.S. Subsidiaries Ratings; Upgrades Some ICR’s Physicians Failing to Treat Narcotics Abuse by Injured Workers: Study AIG Targeted as Likely ‘Systemically Important’ Financial Firm Supreme Court Lets Black Brokers’ Bias Case Against Merrill Proceed Challenges, Opportunities of Health Exchanges, New Insureds ISO Enhances Wind Rating Program for Underwriting, Pricing Wind Exposure States Ranked Highest, Lowest for Teen Driver Deaths Supreme Court to Hear Employer Liability, Class Certification in New Term Alteris Acquires Sonoma Risk, Contract Litigation Insurance Program National News Archives
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