National News for January 2005 MetLife to Acquire Travelers Life for $11.5 Billion; Firms Also Plan Distribution Partnership Crouse and Associates Chooses Custom Insurance Solutions as Management System Provider Spitzer: All Marsh Funds to Go to Insureds; Not All Insurance People or Contingencies are ‘Bad’ Fitch Affirms Rating for St. Paul Travelers Ratings After Asbestos Charge; Outlook is Stable Marsh Reaches $850M Deal With N.Y. AG Spitzer and Insurance Department Deaths, Injuries Linked to ATVs on the Rise Fire Service Leaders Claim National Fire Academy in Fight to Survive as Funds Go to Law Enforcement NAIC Launches Online Insurance Fraud Reporting The Hartford Sees 37% Gain in Q4 Net Income to $620M Lighthouse Offers New Healthcare Administrators Professional Liability Policy AIMS Society’s 18th Annual Retreat Still Open MMC Announces Organization Changes at Mercer Insurers Blast Consumer Report On Contingent Fees Big ‘I’ Denounces Consumer Group Commission Study Calif. Commissioner Helps Issue $3 Million to Charity; Funds Initiate $20 Million Claim Settlement Insurers Call for Approval of Class Action Legislation Consumer Group Hits Payment of Contingent Commissions in Personal Insurance as Harmful to Buyers AIA Fights for Passage of Strong Class Action Reform Bill Introduced by Senate Republicans Halliburton Finalizes Funding for Asbestos, Silica Settlement; Collection Surpasses $1 Billion in Insurance Farmers Survey: Red Light Running Among Top Causes of Crashes; Men More than Women Feel Need to Run Fitch Affirms Ratings for GE Insurance Study: Injury Claims are Common Despite Lower Auto Accident Rates, Fewer Serious Injuries Arthur J. Gallagher Forms Gallagher RE ACE USA’s Environmental Coverage Logs Online; New Site Provides Product, Claims Reporting Information Heath Turns the Corner as Colemont Insurance Brokers Broker Survey Shows 4Q Premiums Drop Insurance Journal to Publish Top E&S Broker List Coalition Names Top 10 Insurance Swindlers of 2004 Best Affirms National Indemnity ‘A++’ Rating Agents Continue to Oppose Broker Disclosure Model Happy with Your Boss’ New Survey Reports Contempt for Managers Across the Board PCI Has “Significant Doubts” Concerning NAIC’s Agent Disclosure Proposals The Hartford Introduces Universal Excess Policy NHTSA Imposes Civil Penalties for Violations Insurers Regulator’s Broker Dealer Model Laudable But Still Too Broad PCI Restructuring Staff One Year Later Record Cats But Market Discipline Waning Report Says The Hartford Adds Bauer, Campbell, Perry to Golf Roster Study: Consumers Could be Hurt by Federal Regulation of Industry Big ‘I’ Study Shows Growth in Premium, Market Share Tillinghast Tort System Cost Study Under Fire Study: P/C Execs Find It Difficult to Determine Priorities CPCU Society Redesigns Web site Canter Named President of ACE Principal Finance National Agent Legislative Conference Set for April Hull & Co. On Board as Sponsor of Insurance Journal’s Online Seminar Series Patkus Resigns as President/COO of Harleysville; Moves to The Hanover as Regional VP Employers Must Post Injuries Starting Feb. 1 LSRAngel Partners with Quanta to Offer EPLI, D&O for Small to Medium-Sized Companies Spitzer: $750 Million, Apology Will Settle Marsh Lawsuit Warning: Drowsy Docs Danger During Driving 21 States with Primary Seat Belts Laws Saving Lives, Says Insurance Highway Safety Institute Survey: Investigations into Industry Practices to Expand in 2005; Respondents Expect Consolidation to Continue Jenkins Joins PIA as VP of Business Development PCS to Provide CAT Designations, Loss Estimates for Terrorist Acts and Outsized Workers’ Comp Events 2004 Will be Remembered as Beginning of Soft Market Cunningham Lindsey U.S. Adds Account Execs. Markel Announces Management Changes Lloyd’s Chairman Warns Insurers 2005 Will Be Critical For Rebuilding Industry’s Reputation Willis Group Releases Annual Forecast of Marketplace Conning Study: Commercial Automobile Market Marks First Underwriting Profit in 16 Years U.S. Tort Costs Rise in 2003, but at More Moderate Pace Than in Prior Years, According to Tillinghast Study Aon Study: Board of Directors Pay Up 23% in 2003-04 Banking Chief Urges New Approach to Consumer Disclosure on Financial Products CDS Business Mapping Adds District, States to Report AVRECO Serves as Sponsor for Insurance Journal Online Seminar; First in Series Set for Jan. 20 Chubb: Medical Emergencies Top Fear for Travelers Agents, Insurers Claim Proposed Asbestos Legislation Falls Short of Solving the Problem Agent Association Partners to Offer Online Education Insurers Committed to Real Asbestos Reform Impact of Conn. Franchise Ruling May Not Be as Big on Insurance Agents as Claimed Weiss: Insurance Company Failures Decline 48% in 2004 Francis Promoted to President at Trumbull Services Insurers Pleased Bush Will Target Asbestos Litigation Reform in Second Term Guy Carpenter & Co. Report Finds U.S. Reinsurance Market Flat, Slightly Down Western Security Surplus to Sponsor Los Angeles, Dallas Regions for Initial Insurance Journal Online Seminar NAMIC Supports President’s Commitment to Tort Reform American Association of Insurance Services Names Key Speakers for Annual Conference, April 10-12 Marsh Names Gilbert as Chief Compliance Officer General Re Receives Subpoena from N.Y. AG Conference Attendees Get Lots of Information, PLUS Much More at Annual Gathering Shakeup in ACE U.S.A. Management – Rivera Resigns; Dowd New CEO; Lupica, Crosby Named to Key Posts PIA National Will Oppose Broker Compensation Disclosure Model As Passed Marsh Senior Executive Pleads Guilty In Ongoing Spitzer Probe; Complaint Explains Bid Rigging Process ePolicy Solutions, TM Floyd & Co. Note Marketing Deal How Many Times Does the Insurer Pay – Multiple Occurrences’ Trade Group Joins Council to Coordinate Financial Services’ Business Continuity Efforts AIG Raises Cash Dividend by 66.7% Insurers Appear Disciplined but Open to New Program Business Sills at Target Markets: Success Lies in ‘Loose Bricks,’ Treating People Right ACT Reports on How to Boost Sales Safety National Casualty Suspends 2 Employees Following Internal Probe of Dealings with Marsh Study Finds Class Action Securities Fraud Lawsuits Take a 17% Jump in 2004 Leading Insurance Educator Named to Advisory Board of LMC Capital Conning Says P/C Reserve Position Grows in 2003 IJ Online ‘How to Write’ Educational Seminars Kicks Off Jan. 20; Nearly 700 Participants Registered NASDAQ Notes New Ownership Structure for Agency Car Buyers Get No-Charge Insurance in Volkswagen-Nationwide Pilot Program Based on Car Model Risk Former Presidents Bush, Clinton Tapped to Help in Securing Tsunami Disaster Relief Big ‘I’ Unveils Legislative Agenda for 2005 National News Archives
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