National News for November 2003 A.M. Best Affirms Rating of QBE Re Group – U.S. PIA National Applauds Three-Month Reauthorization of National Flood Insurance Program New Approaches by Physicians, Underwriters and Actuaries Reportedly Needed to Address Med-Mal Crisis United National Opts for IPO at $16-$18 Monteleone, Mullin Receive PLUS Awards at Annual Conference NCMIC Insurance Co. to Become New Carrier for Lawyer’s Protector Plan Federal Terrorism Insurance Issues Examined at CAS Annual Meeting ACE Risk Management Appoints Apriceno as Senior VP and Director of Field Operations AIG Private Client Group Unveils Collector Car Insurance ILCA Elects Executive Committee for 2003-2004 Fitch: Reserves At Least $46 Billion Short U.S. Marine Insurers Predict Continued Profitability NAMIC Applauds Passage of Flood Reform InVest Unveils New Web Site Design Targeting Agents Among Others Independent Survey Reveals Good News for NGM MexiPass Notes 30% Commission Rate for Personal Auto Program Progressive Survey Says Teens, Adults Both Confused About Auto Insurance Basics Insurers Urge NAIC to Openly Discuss Market Conduct Pilot Project Before Moving On ACORD Details 2004 Awards Program Guy Carpenter Unveils New Model for Studying Insurers’ Quota Share, Surplus/Trust Preferred Note Options ISO Claims DataBase Provides Enterprisewide Search Solution to U.S. Treasury’s OFAC Watch List V Unveils Call Center Solution for Detecting Fraudulent Workers’ Comp and Car Claims ACE USA Appoints Riegler to Lead ACE Risk Management’s Excess Workers’ Comp Unit Applied Systems Partners with BenefitPoint to Offer Customers Integration with Web-Based Benefits Package Fitch Places Travelers on Rating Watch Negative Following Merger Notification U.S. P/C Industry’s Profitability Continues Downward Slide Despite Recent Premium Growth State Regulator, Former Congressman Caution Insurers on Federal Regulatory Intervention PLUS Elects New President Fitch Places St. Paul’s Debt on Rating Watch Positive Deloitte Survey Says 80% of Insurance Execs Report Industry is Overdependent on Investment Returns XL America Obtains Renewal Rights for Professional Liability Policies from Royal & SunAlliance USA’s DPIC Unit Schinnerer Unveils New Professional Liability Program for Graphic Designers AAIS Members Qualify for Discount on RSMeans Valuation Service Loews Mourns Death of Co-founder Laurence A. Tisch Kenning to Manage Kemper, Trenwick Runoff S&P Announces: St. Paul Cos. Inc. Ratings Placed on CreditWatch Positive Pending Merger With Travelers The St. Paul Cos. and Travelers Property Casualty to Merge CARFAX Sends Out Alert on Auto Fraud Scam Fitch Reports Insurance CDOs Allow Smaller U.S. Insurers to Access Capital Markets Fitch Reports P/C Insurers’ Credit Exposure from Reinsurance Increases; Disputes Grow but Stay Small Relative to Surplus Putnam and SEC Reach Agreement N.Y. Department Notes 5% Overall Auto Rate Reduction by State Farm Mutual Pollard Re-elected 2004 NAII Chairman Venture Programs Partners with Discover Re for Technology and Life Sciences Connective Technologies Notes TEAM-UP Download with Grange Insurance Insurance Auto Auctions Appoints Nordin as Chief Information Officer Moody’s: Wildfires Will Hurt Insurers’ Bottom Line NAII: Merged Trade Assn. Would Provide Unity, Stronger Industry Voice Applied Systems, State Auto Team to Provide Agencies with Real-Time Inquiries via Web Bridge Argonaut Group Obtains Renewal Rights of Coregis Group INSTEC Expands QuickSolver Software with Web Client and Web Services Maine Gov. Hails Proposed Reduction in WC Rates ATRA Names U.S.’s 13 ‘Judicial Hellholes’ Insurers Interested in Potential Safety Advantages of Black Boxes Alliance Urges Congress to Settle Differences on FCRA Before it Expires CEI Selects ADP’s Web-Based Management Application NAMIC Names New VP of Public Affairs IEF Approves Pair of Sites for Teachers Institutes Agents Tout Pragmatic Reforms During House Hearing States Can Reportedly Achieve Competitive Markets; Federal Push Should Motivate State Action The Hartford Reports Q3 Net Income of $343 Million Alliance Recommends NAIC Return Some Fees to Companies Marsh & McLennan Cos. Outlook Revised to Negative; Ratings Affirmed Commercial Buyers Report Hard Market May Be Softening; Recent Jumps Subside in Q3 ACORD, MBA Release New Form: “Evidence of Commercial Property Insurance” A.M. Best Rating Downgrades Ahead of Upgrades for 3rd Straight Year AAMGA Reflects on Prosperous Year, Plans for the Future ISO HomeValue Offers Insurers a New Method to Estimate Residential Replacement Values Allied World Reports $71.6 Million Q3 Net U.S. Marine Insurers Respond to Post-9/11 World of Domestic Security Rules and Regulations AscendantOne, RebusIS to Deliver Comprehensive Processing Solution Zurich N.A. Improves Small Biz Web Site National News Archives
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