National News for May 2003 Okla. Legislature Sends Tort Reform Measure to Governor The Hartford Group Offers Workers’ Comp Real-Time Quotes NAMIC Tells Washington Legal Foundation That Regulation Best Left to States Ryan Appointed Senior VP of Marketing for ESIS, ACE USA Regional Executive Operations IIABA Applauds Enactment of Tax Relief Bill DOT Must Take Care on CGDL Program, Says NAII Industry Professionals Affirm RIMS Benchmark Survey Results Zurich NA Makes Customer Billing Information Available Online Fair Isaac Releases XML Manager For Insurance Version 2.1 Survey Reveals Agents Seek Cos. with Full Capabilities for Protecting Technology Customers NAMIC Comments on Asbestos Litigation Legislation Minn. Passes Bill Denying W/C Entry to Tax-Advantaged Entities Asbestos Litigation Reform Bill Introduced Risk and Insurance Information Released to Businesses AscendantOne Delivers ISO-Validated Rating for Four Major Commercial Lines of Business Liberty Mutual to Acquire Majority of Prudential’s U.S. P/C Business A.M. Best Says Liberty Mutual Ratings Remain Unchanged AIG Small Business Underwriting Center Unveils New Risk Tool The Hartford’s BMG Agency Survey Finds Employee Shortage Driving Compensation, Education The Seibels Bruce Group Notes Order from S.C. Dept. Lifting Administrative Supervision A.M. Best Downgrades AMERCO Subsidiaries U.S. Risk Group Adds Keane as Executive VP Price, Increased Self-Insured Retentions and Coverage, Top Challenges Facing Public Risk Managers CSC Rolls Out Software Products Compliant CSC e4 Integration Architecture Bluebook Int’l and Basis100 Announce InsureBASE(TM) Attorneys, Legal System Responsible for Surging Medical Malpractice Rates, According to Weiss Survey of Consumers The Hartford Launches Agent Suite of Transactions Using XDTI EMC Insurance Declares 86th Consecutive Quarterly Dividend Cochran, Caronia & Co. Convenes Insurance Investor Conference May 21 Best Releases D&O Market: A Crisis in Remediation Report The Hartford Announces Pricing of Capital Offerings AXIS Increases Capitalization of U.S. Subsidiary ePolicy Aligns with InSystems to Enhance RightRisk™ Technology Insurance Losses From Tornadoes Could Be Most Costly Event Ever, Says I.I.I. Panelists Say Greater Risk Control Measures, Tort Reform Will Improve Hospital Professional Liability Market Thomco Selects, Implements INSTEC Policy Rating, Administration System Travelers Notes Real-Time Billing Inquiry for Agency Directly From Their Applied Systems Agency Mgt. System Exigen Group Unveils Insurance Process Backbone The Hartford Sells its P/C Reinsurance Business to Endurance Specialty Workers’ Comp Market Analysis Shows Remarkable Improvement for Combined Ratio; Fall in Investment Income Innovative Software Solutions Forms Strategic Alliance with Lewis & Ellis INSTEC Notes Deal With Compensation Risk Managers U.S. Marine Insurers Continue Profitability in Highly Competitive Global Marketplace Alliance Praises NAIC Adoption of Strong Asbestos Resolution Tax Credits Not Enough to Counter Med Mal Crisis, Says Reform Group A.M. Best: Asbestos Settlement Won’t Aid Ratings S&P’s Withdraws Markel Corp. Units Ratings Alliance Responds to IIABA Survey on Homeowners Market AIR Estimates $2.2 Billion-Plus Insured Losses to Storms The Hartford Reports Q1 Net Loss of $1.4B Worsening of Med-Mal Market Expected to Continue; Rate Increases Likely S&P’s Hosts 18th Annual Conference June 1-3 Navigators Group Reports 40 Percent Jump in Income IIABA Survey Reports Nearly 2.5 Million Households Lost Homeowners Coverage Past Two Years Fitch Sees P/C Insurers’ Underwriting Results Improving in ’03 Craig Named AIMU President House Shows BiPartisan Efforts to Improve Credit Reporting System The St. Paul Cos. Acquires Renewal Rights for Selected Lines of Kemper’s U.S. Commercial Business The Hartford Cutting Jobs; Releases Asbestos Study Detroit Auto Insurance Fraud Ring Busted, AG Says Travelers Property Casualty, DORIS Insurance Systems Note New Real-Time E-Service Solutions AAIS To Host Web Seminar on Personal Lines Mold Filings State National’s SNIC Authorized Nationwide Med-Mal Insurers Sound Off in Nolan Survey Reform Advances to House Floor in Texas Troy Appointed Executive Director of ACE USA Regional Executive Operations GOP Study: Med Mal Reform Would Save Cash, Improve Care Former Marsh Exec Gets Iraqi Top Spot Aon: Personal Lines Had Lowest Earnings Volatility in 2002 NAMIC Says It Agrees With GAO Assessment Regarding Regulation NAII Supports Mass. Bill to Criminalize Insurance Fraud AIG eBusiness Risk Solutions Expands Coverage Against Cyber Security Threats Report Says U.S. Insurance Industry Loses $13.7B Annually Due to Auto Premium Rating Error N.J. Reform Approved by Assembly Committee AIG Aviation Offering New Coverage for The Civil Air Patrol Charter Partners USA Chooses INSTEC Software NCOIL Credit-Based Scoring Model Reportedly Gaining Momentum ACE Casualty Risk Launches ACE Complete for Web-Based Workers’ Comp IIABA to Launch Summer TV Ad Blitz for Trusted Choice Brief Filed for Sex Harassment Class Action Against Aon Subsidiary GMI Signs with QualCorp Teradata Program Enabling Companies to Cut Hidden IT Costs NAII Says No-Fault Reform Legislation is No Bargain for Colo. Residents American Wholesale Insurance Group Acquires Seaboard Underwriters Inc. Treasury Issues Final Rules Under Sec. 326 of the USA Patriot Act – No Change for P/C Industry A.M. Best Downgrades Kemper Ratings Ohio Commissioner Delivers Med Mal Report Travelers Launches Policy Download Capability for Agents with Boat, Yacht Policies Chubb Notes Record 1stQ Net Income of $224.6M Willis Reports on Global Reinsurance Market; Announces Secondary Share Sales U.S. Risk Insurance Group Adds Keane as Executive VP for U.S. Risk Underwriters National News Archives
Sign up to receive insurance news alerts!
Andrea WellsAgency Compensation Playbook: 2013 Agency Salary Survey
Andrew G. SimpsonHow Process Improvement Drives Agency Profitability
Stephanie JonesThe Acquisition Cycle
Don JerglerIndustry Predictions
Chris BurandReasonable Compensation
