National News for May 2005 S&P: No Rating Action on HRH After Lockhart Resignation AIG 10K Filing and Restatements Shave 2004 Net Income by 11.9% AVRECO Launches Market for Borderline Surgeons and Doctors Ramsey Named VP of National Personal Lines at Hull & Company KFF: Medical Malpractice Claims Stable; FTCR Reports Time to Focus on Insurers’ Practices Ohio AG Moves to Block Greenberg Sale of AIG Common Stock to Wife AIG Accountant PWC Alleged to Have Disregarded Warnings RiskMeter Online Expands Distance to Fire Station Report to Ariz., N.J., N.Y. HRH President Resigns Following Disclosure to SEC Marsh Exploring Options for Wholesalers Crump and Price Forbes Willis Adds Russo to Global IT Team Study: Typical American Family Spends $12K on Medical Annually GMAC Insurance Study: Some 20 Million Drivers are Potential Accidents Waiting to Happen N.Y. AG Spitzer, Supt. Mills File Civil Suit Against AIG NAMIC: Statutory Remedies to Curb Fraud Abuse Spreading Across U.S. SaferCar.Gov Unveils Car Crash Test, Rollover Ratings for 2005 Cars Senate Port Security Hearing Looks at Attention on Need for Federal Terrorism Insurance Mechanism Travel Wallets Expand as Americans Spend More than $1 Billion a Year on Trip Insurance Keynote: Auto Insurance Web Sites Main Consumer Source for Quotes The Hartford Offers Agency eSubmission for Mid-Market Business New Age Brokerage Makes Apartment Program Available in 10 Eastern States Marsh & McLennan to Reprice Some Employees’ Stock Options Hurt by Probes NCPA Study: More Patients Exerting Control over Health Care Delivery XL Professional Lines Offers Insurance for Independent Directors Insurance Journal Salutes Nation’s Top Agencies for 2005 Jury, Spitzer Probing Possible AIG Criminal Indictments The Hartford’s CEO Highlights Record Performance, Future Positioning Senate Backs Linking Federal Safety Funds to States’ Seat Belt Laws MetLife Auto & Home’s GrandProtect Includes ID Theft Cover in Package Best Affirms FSR for United Fire & Casualty; Outlook Stable Allstate Chooses Wilson as President, COO Beginning June 1 Argonaut Group Expands with Launch of Argonaut Specialty AIA Tips Hat to Senate for Approving Bill to Improve Highway Safety Venture Programs Appoints Shaffer, Kearney as Program VPs NAMIC Staff Directors Take ALEC Task Force Roles Tillinghast Defends U.S. Tort Costs Study Against Criticisms General Re, Faraday Execs Placed on Leave Over Reinsurance Probe St. Paul Travelers, Aon Team on New Management Liability Program Tort Crisis Overblown, Tillinghast Studies Faulty, Claims Think Tank Former General Re Execs Reportedly Targeted in SEC Probe MarketStance Web Site Provides Demographic, Economic Data Lloyd’s U.S. Appoints Valdmanis VP-Communications; Moves to New Office PCI’s Csiszar Accuses Spitzer of ‘Corporate Terrorism’ and of Ignoring Own Conflicts The Hartford Unveils Online Insurance Center to Serve Large Businesses Chubb Hit with Subpoena Involving Investigation into Usage of Finite-Risk Insurance, Related Items Fitch Gives Berkshire Hathaway New $1.5B Debt ‘AAA’; Negative Outlook States Address Asbestos Issues as Congress Struggles Conning Research: Look for P/C Underwriting Profit Again in 2005; Concerns for 2006 Sullivan Joins Beazley USA for Specialty E&O PCI: States Need to Take Uniform Approach on Finite Risk Inquiries and Rules St. Paul Travelers Sets Sail with New Shipwright Program Daoussis Joins Countrywide Insurance Group to lead National Construction Insurance Effort AIG Domestic Brokerage Group Unveils Specialized Practice for Financial Institution Risks GE Med-Mal Unit Sold to Berkshire’s National Indemnity; S&P, Best Comment Calabrese Named President at Hull & Company, Will Retain COO Title ABD Insurance to Offer Affordable Housing Insurance Nationwide Darwin Acquires Ulico Indemnity Shell Best: Mercer Group Ratings Remain Unchanged Following FPIG Purchase AIA: On FBI Probe, It Would be Grossly Unfair to Say Entire Industry is Troubled Automotive Aftermarket Alliance of PPG Industries Recognizes CE Instructors Bergan Named Marketing Director at American Collectors St. Paul Travelers Names MacLean Executive VP, COO NCCI State of the Line Report: Workers’ Comp Combined Ratio Best Since 1997 PCI Submits Comments to FTC on Credit Scoring Research A.M. Best Downgrades Ratings for AIG Subs; Ratings Stay Under Review FBI Targets Insurers in Widening Fraud Probe; Industry Responds St. Paul Travelers Q1 Increase Sets Record; Fishman Pleased with Start to the Year Guy Carpenter Publishes Specialty Program Survey Hub International Acquires Reinsurance Intermediary THB MMC Unveils Q1 Numbers; Cherkasky: Steps Taken to Make Us Stronger Response Insurance Gets a Response; Google to Meet Company’s Request Best Affirms Ratings for Safeco Insurance Companies; Outlook Revised to Positive IIHS: New VW Jetta Drives Off with Strong Crash Test Results GE Insurance Solutions Reports It Will Fully Cooperate with SEC Investigation AIG to Restate Past Financials as Internal Audit Continues; Acknowledges Lack of Internal Controls Buffett Expresses Confidence in AIG N.J.’s Mercer to Purchase Calif.’s Financial Pacific National News Archives
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