National News for August 2011 Insurance Lawsuits to Follow Irene General Star Launches Nutraceutical Binding Authority Program NAS Enhances Tenant Discrimination Insurance Insurer Ratings Unaffected, Stocks Rally As Losses from Irene Look Manageable Irene’s Impact on Private Insurance Markets Judge Blocks Punitive Damages in Fossamax Claim Against Merck Best Affirms Ameriprise Financial and Subs Ratings Irene’s Impact on Fragile U.S. Economy AIG Suit Against Bank of America Raises Disclosure Issues Can Federal Flood Insurance Handle Irene Losses? Moody’s Sees Stable Outlook for Personal Lines Insurers S&P Sees Limited Impact on Insurers from Irene With FEMA Running Low on Funds, Irene Revives Budget Battle Irene Blamed for 38 Deaths; $20 Billion Economic Loss; Worst Flooding in Decades Irene Insured Losses in U.S. at $3-$6 Billion; P/C Pricing Unlikely to Turn Irene Insured Losses Significant But Figures Still Uncertain U.S. to Reimburse States for Most of Irene’s Damage Irene Floods Northeast; Manhattan Spared Worst Unhappy Investors Want Bank of America Mortgage Case Moved to Federal Court Pending Patent Reform May Not Bring Much Lawsuit Relief Judge Allows Punitive Damage Claims for Gulf Oil Spill to Move Ahead Investors Placed Their Bets On Hurricane Irene Irene Damage Assessment Underway; Flood Insurance Losses Could Surge Insurance Industry Mobilizes for Hurricane Irene Claims Hurricane Irene Update: 50 Million People Could Be Affected Chartis Partners with Crisis Management Firm for Kidnap, Ransom Cases LexisNexis Insurance Exchange Connects With Assurex Global’s Technology Platform XL Names Beauregard to Lead E&S Property Unit Is ‘Old’ East Coast Prepared For a Powerful Earthquake? Why Thieves Prefer Cadillac Escalade Top 10 Most, Least Stolen Vehicles and Loss Payments Buffett’s Berkshire Hathaway Shores Up Bank of America with $5 Billion East Coast Cities, Resorts Prepare for Irene East Coast Earthquake: Fear, Damage Mixed with Relief, Teasing Even If Irene Stays Offshore, Insurance Claims Could Be Significant: Willis Glatfelter Launches Program Unit; Seifert Joins as President Ealy In, Young Out as President at Allstate’s Encompass How to Reduce Roof Leak Damage Caused by Hurricanes Earthquake Insurance Premiums by State Is It Time to Consider Earthquake Insurance? Banks in Liability Bind as States Splinter Over Mortgage Settlement Hurricane Irene Batters Bahamas, Threatens Carolinas, Northeast Transatlantic’s Largest Shareholder Opposes Allied Deal Argo Surety Expands Capacity, Establishes Presence in Chicago Ratings Roundup: AMEX Assurance, SeaBright East Coast Earthquake Losses Less Than $100 Million: Eqecat Entire East Coast Placed on Hurricane Alert Earthquake Rattles East Coast; No Deaths or Major Damage Reported Year Old Gulf Oil Spill Claims Fund Has Paid $5 Billion Monitor Liability Managers Introduces Employed Lawyers E&O Insurance Insurance Technology Vendor Vertafore Acquires Kaplan Compliance Unit Judge Allows Investors, Insurers to Intervene in Bank of America Settlement Hurricanes May Be Catalyst for Insurance Rate Increases Abacus Insurance Brokers Launches Online Jewelers Block Program Marsh Executive Sues Spitzer for $60 Million Over Slate Column Last Chance: Complete the Best Agencies to Work For Survey Now NFL Facing Possible Class Action Claim Over Concussions Court Sets October Deadline for Women Suing WalMart Judge Rejects JPMorgan’s Bid to Dismiss Whistleblower’s Retaliation Claim GM Says Bankruptcy Shields It Against Impala Lawsuits Financial Firms Balk at New Law to Help Catch U.S. Tax Evaders Business Risk Partners Launches Lloyd’s-Backed Miscellaneous E&O Form Brownyard Group Launches Landscaper Program Most Doctors Sued Sometime in Career Starbucks Settles Discrimination Suit Over Fired Dwarf Barista AIG Pays Back Another $2B on U.S. Treasury Debt AIR Chief on Cat Models: ‘What’s All The Fuss About?’ AIG, Banks File Motion to Block Class Action Suit Chartis Expands NextGen Protection to Project Contractors Zurich Names Hart Chief Operating Officer for Global in North America Group of Allstate Agents Votes to Unionize Insurer’s New Predictive Model Targets High Cost Workers’ Comp Claims U.S. to Require Consumer Labels on Health Insurance Plans Court Throws Out Writers’ Copyright Settlement with Publishers As Disaster Losses Mount, U.S. Seeks to Make Country ‘Weather Ready’ Allstate Sues Goldman Sachs Over Toxic Mortgage Securities Wright USA Creates Career Protector E&O Plan for Government Personnel Crum & Forster Launches New Service to Protect against Cyber Risk The Truth About Why Independent Agents Love Regional Companies Ratings Roundup: National Group, Fremont Michigan Best Downgrades Ratings of Most Old Republic Subsidiaries XL Names 6 to North America Construction Team European Insurance Regulation Threatens U.S. System, Connecticut Regulator Warns Court Questions Handling of White Firefighters’ Reverse Bias Case Madoff Trustee’s Loss Formula Upheld Unitrin CEO Southwell Sees Growth, Value in New Kemper Name Internet Truckstop Adds Carrier Registration Service Drop in Workers’ Compensation Costs Reflects Recession Ironshore Launches Commercial Crime Coverage Through Pembroke Syndicate AIG Executive Schreiber Assumes Treasurer Role Businesses Complain of .xxx Domain Shakedown, Trademark Infringement Risk Argo Launches Risk Management Program for Grocers Western Heritage, NBIS, Totem to Offer Manufactured Housing Program Unitrin Changes Name to Kemper Nominate the Best Agency to Work For Today 3 Settle Injury Lawsuits Over Martha Stewart Chair Nationwide Mutual’s Profit Down on $1.5 Billion Disaster Losses Investors’ Suits Against News Corp. Directors Face Long Odds U.S. Court Rules Against Obama Healthcare Mandate Transatlantic Opens Buyout Talks with Berkshire’s National Indemnity Banks Seek Liability Shield for Future Home Mortgages Exclusive: Unreported Insurance Mergers First Responder Fees: Insurers Should Expect to Pay More Judge Likely to Give French Shoemaker’s ‘Red’ Trademark Claim the Boot EPA Halts Sale of DuPont’s Imprelis Herbicide Validus Sues Transatlantic; Offers Look at Books Martino Named President of Travelers Ocean Marine Vertafore Realigns; Names Sonders Senior Executive, Drops 2 Others Do Flat Premums in Q2 Signal Soft Market Is Near Bottom? Rockwood Launches the Public Servant’s Defense Agency CNA Launches Enhanced Motor Truck Cargo Legal Liability Form Second Court Allows Damages Suit Against Rumsfeld Over Alleged Torture Goldman Faces Damages Suit Over Failed Credit Unions Agents Say Insurers Out of Touch with Needs of Small Businesses Bids for Transatlantic Tighten But Eyes on Buffett Sovereign Debt Pressure Spreads to Insurers’ Balance Sheets: A.M. Best Are Bounce Houses Too Difficult a Risk? Judge May Allow Soldier’s Claim Against ‘Hurt Locker’ Movie to Go Forward Private Weather Forecasters in High Demand S&P Balks at SEC Proposal to Disclose Rating Errors Don’t Miss This Year’s Best Agencies to Work For Survey Hanover Adds Environmental Coverage for Industrial Manufacturers Diabetes Drug Maker Facing Hundreds of Lawsuits Americans Support National Law on Teen Driving: Survey Transatlantic Says National Indemnity Offer May Lead to ‘Superior Proposal’ Why Wall Street Likes Reinsurance Business S&P Takes Action on Insurance Groups Following U.S. Sovereign Downgrade Bank Insurance Brokerage Income Marks New Record; Up Amost 20% Navigators Expands Online Contractors Pollution Liability Insurance XL Names DeSimone President of U.S. Marine Operation AIG Sues BofA for $10 Billion, Alleges ‘Massive Mortgage Fraud’ Insurance Captives’ Profitability Soars; Dividends Way Up: A.M. Best Berkshire Insurance Loss Offset By Rails, Manufacturing Gains Buffett, National Indemnity Offer $3.2 Billion for Transatlantic Chartis Expands Building Services Contractors’ General Liability Coverage AIG Plans to Keep Mortgage Insurance Unit Wells Fargo to Pay $590 Million to Settle Wachovia Claim April Set U.S. Record for Tornadoes Judge Allows Army Veteran to Sue Rumsfeld for Damages Over Torture Bank of America Says Legal Losses Could Hit $2.3 Billion Asbestos Claims on Rise at MetLife AIG Posts Q2 Profit on AIA Stake Atlantic Hurricane Forecast Revised Hannigan, Farmers’ Longtime Leader of Independent Agency Unit, to Retire The Hartford Q2 Profit Hit by Asbestos Charges, Tornado Losses Latin Jazz Players Sue After Being Cut Out of Grammy Awards Top 10 Most Stolen Vehicles in U.S. U.S. Experts Blame a Government for Cyber Attacks; Is It China? Marsh Reports Revenue Up 12% in Q2 OnStar System Allows Tracking of Vehicle Location Online Health Insurance Exchange Chief, Ario, Steps Down After 1 Year Leisure Industry Tempting Target for Cyber Pirates: Willis Venture Programs Expands Hospitality Program with Zurich Survey: Americans Think They Are Great Drivers; Habits Show Otherwise General Re, AIG Executives’ Convictions Tossed; New Trial Ordered Insurance Journal Searches for the Best Agencies to Work For How Debt Ceiling Politics Impact P/C Insurance Industry Travelers Builds Marine Construction Program for Contractors U.S. Upgrades Safety Probe of Ford, Mercury Models SEC Seeks More Disclosure by AIG on Credit Ratings Large Investors Sue Bank of America Bank of America Loses Bid to Dismiss Fraud Claims Allstate Reports High Catastrophe Losses, Increased Revenues for Q2 XL Insurance, All Risks Form Underwriting Agreement for Open Lot Dealers Program National News Archives
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