National News for November 2009 Specialty Underwriting Firm Naxos Avondale Launches AIG, Ex-CEO Greenberg Settle Disputes Supreme Court to Decide Reach of Securities Law Outside U.S. Best Downgrades Kingsway and Several Subsidiaries Ratings Benmosche Agrees to Stay As AIG Board Approves His $7 Million Pay Stanford Sues Lloyd’s of London for Defense Fees Under D&O Policy NIP Expands with Acquisition of San Diego Executive Benefits Firm Feldhaus Wins Founders Award from PLUS U.S. Finds Strong Link Between Chinese Drywall and Corrosion Changes to Federal Insurance Office Act Supported by State Regulators Doyle Wins PLUS1 Award One Insurer Bets on Political Campaigns While Another Drops Out Winners, Losers in Senate Health Bill Jury Rules Against Fair Isaac in FICO Credit Score Trademark Case M&A Wrap-Up: Insurance Brokerage Mergers Took a Third Quarter Vacation S&P Upgrades Crum & Forster Ratings to ‘A-’; Fairfax ‘BBB-’ Rating Affirmed Best Affirms Ratings of Assurant and Its Subsidiaries; Several Upgraded U.S. Senate Gears Up for First Key Healthcare Reform Vote Best Affirms Balboa and Group Members ‘A’ Ratings Most Americans Want Congress to Address Cost of Malpractice Lawsuits Health Care Reform Dominates Trade Group’s Lobbying Agenda Ohio AG Sues National Ratings Agencies Over Securities Information AIG CEO Benmosche Frustrated with Degree of Government Oversight Best, S&P Assign Ratings to Transatlantic $350 Million Debt Issue Ex-Parmalat Auditors Settle U.S. Investor Lawsuit for $15 Million House, Senate Healthcare Bills Have Major Differences Private Equity Firm Sees Opportunities in Insurance Insurance Top Picks for Safety: Ford, Subaru, Volkswagen Did Government Overpay to Bail Out AIG? Munich Re America Offers ‘Local’ Nat Cat Frequency Coverage Chartis Introduces Environmental Risk Exposure Endorsement AXA Art Insurance Appoints Pittinger as Director of Underwriting Ratings Roundup: Employers, Germania Mutual, Lakeview Zinno Named Vice President and Head of GEICO Insurance Agency Insurance Associations Concerned on Financial Stability Improvement Act Lacher to Head Allstate’s P/C Division Beazley Launches Two Environmental Insurance Products Navigators to Repurchase Shares Arch Re Makes Management Changes; Promotes Olson to President, CEO Unicare to Exit Group, Individual Healthcare Market in Illinois, Texas New Insurance Program for Amusement Rental Industry Now Available Willis North America Names Joost as National Partner in New York AAU Offers Retail Furniture Store Insurance Program Senate Financial Regulation Bill Hikes Credit Rating Firms’ Liability ISO ProMetrix Offers Access to Data on 3 Million Commercial Buildings Marsh & McLennan Settles Pension Plans’ Suit for $400 Million Abacus Insurance, National Specialty Underwriters Recognized for Best Practices American Alternative Insurance Partners with PersonalUmbrella.com Chartis CFO Says Insurer Isn’t Seeing Employee Exodus Business Roundtable Says Health Reform Must Contain Employer Costs Bear Stearns Acquittal May Force Government to Rethink Fraud Cases Ratings Recap: ProAssurance, Lawyers Mutual AAIS Introduces ‘Green’ Coverage Option For Commercial Output Program Murphy Joins InStrategy as Managing Director, Operations Practice Benmosche Denies He Might Leave AIG; ‘Totally Committed’ Says CEO Chemical BPA in Workers Linked to Sex Problems Irwin Siegel Agency Offers Enhanced Workers’ Comp Program Marsh & McLennan Agency Acquires Insurance Alliance of Texas Senate Bill Calls for New Financial Stability Agency, Insurance Office Lundy to Head Zurich’s Energy Business in North America The Hartford Enhances Cyber-Liability Policy Senator Kerry, UN’s Ban Ki-moon Upbeat on Climate Bill Prospects Insurance Trades Cast Wary Eyes at Senate Financial Services Bill CEO Benmosche Believes AIG Employees’ Compensation Too Low Essentials: A Reminder on Managing Agency E&O Risk Moody’s: AIG Likely Able to Repay Government Bailout Funds Employers Cautioned to Beware of ‘Hostile’ Employees When Downsizing Supreme Court Justices Question Patents for Business Methods Greenberg: Story Line Shifts to His Private Company, C.V. Starr Tropical Storm Ida Pounds Gulf States with High Winds, Heavy Rains Provisions of House Healthcare Bill Insurance Agents Hit House Health Bill As Bad for Small Business OneBeacon Targets Design Professionals Hurricane Ida Shuts Gulf Refineries; Downgraded to Tropical Storm Ratings Roundup: Upland Mutual, American Community Best Puts Berkshire’s Subsidiaries Ratings under Review/Negative Supreme Court to Hear Key Case on Patents For Business Methods House Narrowly Approves Major Overhaul of Healthcare System AIG Draws $2.1 Billion to Buy Aircraft Leasing Firm Shares Fitch May Cut Berkshire Rating on Burlington Buy Allstate Reports Q3 Profit Close House Vote on Healthcare Expected Tomorrow U.S. Senate Passes Tax Loss Credit for Business British Study Raises Fresh Questions About Safety of Nanoparticles AIG Posts $455 Million Q3 Net Income; Stabilization Continues Military Insurer USAA Expands Reach by 35 Million to All Veterans Kronenberg Touts Innovation in Partnerships, Program Manager Role Recovery Could Depend on Companies’ Savvy Use of Temporary Workers S&P Puts Berkshire Hathaway on Credit Watch – Negative Chartis Forms Marketing Alliance with PowerGuard for Wind & Solar Vie to Step Down as Unitrin’s Chairman; Southwell Named Successor Trillium to Acquire Geneva Insurance State Insurance Chiefs Urge Steps to Control Health Costs for Small Business Survey: Despite Slow Growth, Carriers Still Upbeat About Program Market U.S. Rep. Kanjorski Favors Curbing Size of Financial Firms W.R. Berkley Elects New President, Chief Operating Officer The Hartford Reports 3Q Loss Ratings Recap: Arbella, Wayne Mutual, Arrowhead, Unique, Oswego County Main Street Group Adds 5 States for Business Owners Policy Marsh Q3 Revenue Down But Profit Up U.S. Pay Czar to Decide on Clawback House Republicans Plan Own Healthcare Reform Bill IRS to Audit Large Companies on Tax, Independent Contractor Issues Vertafore Releases Version 4.0 of AMS360 Agency Management System Travelers New Product Targets Medium-Sized Health Care Firms International Association of Claims Professional Elects New Leadership A.M. Best Study: P/C Industry’s Risk-Adjusted Capital Fell in 2008 TimeWise: How to Tame Your E-mail MonsterU.S. Appeals Panel Hears ‘Clawback’ Claims in Stanford Fraud Case Delaware Beats Switzerland As Most Secretive Financial Center Documents Reveal How SEC Botched Madoff Securities Investigations Firms Fight Flex Spending Account $2,500 Cap Under Health Reforms House Health Bill Boosts FTC Authority Over Health Insurers Groups Call for Balance in Immigration, Worker Protection Law Enforcement Q3 Profit Rises at CNA; CEO Motamed Sees ‘Encouraging’ Rate Trends Small Business Owners See Their Firms Leading Recovery Next 2 Years Louisiana Researcher: Recent Sex Scandals a Lesson for Managers 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
