National News for February 2005 Hot Wheels for Sale! Insurer Trade Group Reports Growth in 2004 Weiss: Insurers Earn $28B in First Three Quarters of 2004 NCOIL March 5 General Session to Address Broker Compensation, Disclosure Marshall & Swift Names Thornton COO Pa. Officials Reach $85 Million Settlement with Former Reliance Insurance Directors U.S.I. Chief Operating Officer O’Neil Resigns Municipal Workers Pension Plan Sues AIG to Alter Board Nominating Process N.Y. Equity Firm Buys Insurance Auto Auctions Graduated Licensing Laws for Teen Drivers Reduced Fatalities by 26%, Study Finds ACE Appoints Clabby to Lead Field Operations Prism Introduces New Habitational Program Another Marsh Exec Pleads Guilty to Bid Rigging in Spitzer Probe HRH Reports 4Q, Year-End Results Wholesale Brokers Become Hot Potatoes and Hot Properties for Mergers & Acquisitions Willis Acquires CGI Consulting Group Hub Revenue Jumps, But Earnings Decline in 4Q, 2004 Donegal Group Reports ‘Solid’ 2004 Results CPCU Society Gets Ready for Ethics Awareness Month 2004 Hurricane Season White Paper Says Cat Models Need to be Improved Aon in Settlement Talks with N.Y., Conn. and Ill. Attorneys General OneBeacon Offers OnePac P&C Via InsuranceNoodle AIR Introduces Updates to Modeling System Technology Insurers Claim Mitigation Efforts Complement, But Do Not Replace the Need for TRIA Report: Association Plans Could Harm Small Business Stephens & Hobdy Join the Leavitt Group IVANS Lauches AgentExpress Program More than 600 Catholic Clerics Accused of Sex Abuse of Minors, Incidents Date Back Decades Allstate, AIG, Chubb, St. Paul/Travelers Ask Pa. Commissioner to Examine ACE Brandywine Sale ChoicePoint Notifies 144,778 of Theft; Nigerian Perpetrator Sentenced to 16 Months And the Oscar Goes to …. Fireman’s Fund Main Street America Group to Serve on Coalition Against Insurance Fraud Board Best Affirms FSR for Unitrin’s P/C, Life Companies Saltzman Resigns as President of United America Indemity Effective Sept. 1 Senators Reintroduce Two-Year TRIA Extension Bill NAMIC Applauds Natural Disaster Legislation to Provide Affordable Insurance After House OK, President Bush Signs Class Action Reform into Law Insurer Disputes WebMD Crime Coverage Insurers Hail Federal Med-Mal Reform Legislation; Continue to Support State Reforms S&P Sees “No Action” on AIG Ratings ChoicePoint: ‘Insurance Industry Databases Were Not Compromised’ Schinnerer Offers New Property Program for Public Entities in Most States Trusted Choice Back on the Tube in March In Front of Congress, Greenspan Questions Ability of Private Market Alone to Insure Against Terrorism ACORD Names Chubb’s McCaig as Board Chair Aon Exploring Alternatives for Swett & Crawford Vertafore (AMS) Merges Allenbrook and AMS-Rackley As Motorcycle Theft Rate Accelerates, LoJack Offers Global Motorcycle Recovery System Zurich Names Casey Sr. VP – No. American Commercial Gen Re Reorganizes Genesis Unit by Product Lines McDonald’s Settles Fat Lawsuit for $8.5 Million Abacus Insurance Brokers Unveils Event Cancellation Program; Available in All States Lighthouse Turns On Second ‘Hard to Place’ Workers’ Comp Program AIG, Marsh Execs Plead Guilty in Spitzer Probe, Bringing Total Pleas to 9; AIG Offers Response AmWINS to Acquire Willis’ Stewart Smith Group W.R. Berkley Reports Q4 Net Income of $116M Insurance Journal’s Yellow Pages Dial Up Success New York AG’s, SEC Subpoenas Target AIG ‘Non-Traditional’ Insurance Insurance Industry, Republicans See Big Win in Senate Bipartisan Approval of Class Action Reform DiMuccio Takes Over at Amica Mutual Insurance NAIC Waives $790,000 Industry Assessment Fee Lawmakers Tell Brokers Class Action Will Pass But TRIA Renewal Far from Certain Alliance: Patient Care Affected as Battle with Medical Liability Reform Continues ACEC Backs Senate Passage of Class Action Reform Bill; First Step to Bringing Help to Legal System MarketScout Reports Jan. Rates Up PIA to Hold National Legislative Summit, April 7 APPEX Adds Four New Members Markel Unveils New Program for B&B’s, Country Inns ISO: Insurers Pay a Record $27.3B in 2004 Cat Losses Auto Insurance Rates to Climb Slightly in 2005; 1.5% Estimate Will Mark the Smallest Increase in Five Years InVEST Offers Speaker’s Kit on Industry Careers Insurers Oppose Sarbanes-Oxley ’404′ Proposal S&P: U.S. Property/Casualty Insurers Continue To Boost Loss Reserves For Old Business AIG Aviation Grows Specialty Workers’ Comp Program; Risks for Fixed Base Operators Covered Commercial Insurance Posts Full Year in Soft Market, Reports RIMS Benchmark Survey ACE USA Unveils ACE Spectra Insurance Journal Presents Second in the ‘How to Write Series’ on Feb. 10 HUD to Accept Demotech’s ‘A’ Rating or Higher on Professional Liability Insurance Providers Willis D&O Index Reports Rates to Decrease Even More Judge Gives Enron Settlement Preliminary Approval Conn.’s Vertfaore Acquires Custom Insurance Solutions NAMIC Names Detlefsen to Public Policy Post Man Blinded Four Times in Same Eye Sees Way to Plead Guilty to Insurance Fraud Rockwood Programs Notes Changes to EPLI Market Schinnerer’s Not-for-Profit D&O Program Adds Stand-Alone Fiduciary Coverage RiskMeter Online Now Offering Manual Flood Determinations, Certifications ACE to Seek Dismissal of Connecticut AG’s Lawsuit Personal Liability Deal with Worldcom Directors Breaks Down Following Court Ruling on Effect on Jury Award Hearn Named CEO of Willis RE US Big ‘I’ Pushes Class Action Legislation S&P: Without Terrorism Coverage, Big Changes Loom Premiums Decline But Combined Ratio Holds Steady Reports Groundhog Day Forecast Chubb Reports Year-End, 4Q Results Up; Premium Volume Grows 5% for 2004 Poll Says Most Americans Back Medical Liability Reform Study: Illness, Medical Bills Cause Half of Bankruptcies Best Publishes P/C Special Report; 2005 Trends No-Charge Auto Insurance Pioneer Out to Sell More VWs, Convince Skeptics Rating Model Works Venture Programs Unveils New Wholesale Division National News Archives
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