National News for March 2006 Safeco Offers Monoline Workers Compensation Program Liberty Mutual CEO Advocates Long-Term Terrorism Insurance Plan Actuaries Estimate Cost of Terrorist Attacks on Cities; N.Y. at $778 Billion; D.C. at $196.8 Billion Survey Finds Private Companies Acting More Like Public Companies; At Increased Risk of a Liability Lawsuit Lighthouse Adds Four New Products to ElderCare Program American Hobbyist Expands Staff with Tim, Maurer; Relocates to Pa. U.S. Chamber Pegs Best, Worst States for ‘Legal Fairness’ Analyst Sees Low Damage Award If Merck Loses Vioxx Case Institute’s Revamp of Crash Tests Puts Manufacturers in Driver’s Seat Willis Names Dinallo General Counsel His ‘Indignation’ Rising, Nader Vows to Restart Auto Safety Engine Supreme Court Blocks ‘Wasteful’ Class Actions by Stockholders AIG’s Lexington Planning on Repeat of 2004, Not 2005 Insurance Web Sites Benchmarked in New Study Agents Call for Long-Term Terrorism Insurance Solution Walker-Eich Joins WFG Capital Advisors Agents and Brokers: Deadline to Submit for IJ’s Top 100, March 31 Allstate’s Chief Executive’s Compensation Cut by 10 Percent Fitch: Deterioration in Profits For U.S. P/C Sector At YE2005 Sleep-Deprived Teens Drowsy at School, While Driving Stolen Fidelity Laptop Held Sensitive Data on Retirement Accounts HCC Names Molbeck President, COO Regulators Launch Consumer Insurance Education Program ACE Westchester Appoints Casey as SVP, Management Liability Frankel Resentenced for Nearly 17 Years for $200M Insurance Fraud Chubb Increases Limits on Law Firm Package Policy Argonaut’s Great Central Introduces New Businessowners Product A.M. Best Upgrades, Affirms Ratings of United America Indemnity Units Insurers Report Progress on Asbestos Liabilities Funding, Says A.M. Best GE Insurance Solutions Unveils New Product for Business Hotels Zurich Settles with Conn., Ill. and N.Y. officials for $153 Million Marsh Names Speros to Head Marketing; Perlmutter to Retire Britt Paulk Expands with Marine Cargo Coverage Through Beazley USA National Alliance Names 2006-2007 Board Officers Schwab Paid $2.68M to Protect CEO Risk Management Solutions Predicts Hurricane Activity to Increase Losses by 40 Percent in Florida and Gulf Coast Report Ranks Most and Least Expensive Automobiles to Insure R&SA’s U.S. Operations Ratings Cut To ‘BB’; Outlook Negative NASD, Minn. Department of Commerce to Host Annuity Roundtable, May 5 ACE Risk Management Makes Exec Appointments Study: Lower Speed Limit for Trucks Increases Accidents Hartford Selects Peril Model to Set Pricing for Catastrophe Bonds Financial Planners Pay More Attention to P/C Insurance and Risk Management Supreme Court Denies Review of $50M Award in Tobacco Case Travelers: Six More States Eligible for Hybrid Auto Discount S&P to Implement New Way to Assess Insurer Cat Risk Consumer Group Accuses Geico of Unfair Underwriting Practices Lincoln National Shareholders Agree to Purchase of Jefferson Pilot Independent Agents Grew Market Share by $12 Billion in 2004 Beazley Commercial Property Team Expands In U.S. AIG Acquires Travel Guard Zurich, 9 States Settle Bid-Rigging Case for $171 Million St. Paul Travelers Denies Merger Discussions with Zurich Congress Boosts Borrowing Authority for Federal Flood Insurance Regulators Adopt Model Criminal History Record Check Agents Back House Bill on ‘Financial Data Protection Act’ Cat Bonds Becoming a Common Alternative to Reinsurance, S&P Says U.S. Senate Breathes New Life into Small Group Health Option Professional Underwriters Adds 50 School Coverage Enhancements AMS Acquires FinancePro; Launches Premium Finance Network House Approves Legislation to Reform Flood Insurance ICAT, National Fire and Marine Launch New Catastrophe Product AIG Issues 2005 Annual Report; Net Income for Year was $10.48B Search for Nation’s Top Independent Agencies Continues Cohen Appointed President, CEO of Penn Independent Corp. Hiscox Launches New U.S. Operation Survey Explains Why Drivers Are Not Turned on By Using Signals Agents Support New House Intangible Assets Tax Bill Biotech Group Renews Endorsement of Chubb Life Sciences Program Regulators Establish Task Force on Climate Change Aon Study Reveals Investors More Intolerant of Catastrophe Risk Miss. Wind vs. Flood Lawsuit Remanded Back to State Court Casualty Actuarial Society Unveils Project on Enterprise Risk Management Few Homeowners Buy Flood Insurance When Not Required, Study Says Tillinghast Study: U.S. Tort Costs Reach a Record $260 Billion National Insurer Group Announces New Product, Fast Track Plus At Congressional Silicosis Hearing, Doctors Refuse to Testify on Diagnoses Insurance Crime Bureau Lists Top 10 Cities for Staged Accident Scams IBHS Annual Conference to Focus on Property Loss Reduction Regulatory Risks Burdensome for U.S. Firms Abroad, Aon Experts Say OneBeacon Enhances Financial Institutions Product Agents and Brokers: Top 10 Reasons to Join the Top 100 … and Let Your Success be Known Target Markets Mid-Year Meeting Set for April 10-12 in Baltimore With Eye on Federal Monies, More States Adopting Primary Seat Belt Laws Insurers Back in Court Over World Trade Center Coverage U.S. Supreme Court Nixes Ethics Challenge to State Farm Ruling Merck Defends Vioxx as ‘One of Most-Studied’ Drugs at Latest Trial Model Acts, Confidentiality, Cooperation, Key NAIC Concerns Ford Fusion Fares Poorly in Side-Impact Crash Tests PIA: Federal Proposal Will Be Trojan Horse for Optional Federal Charter Solar Storm in 2012 Could Create Blackouts, Affect GPS Systems Reinsurance Ruling Reduces Cigna Net Income by $14 Million AUGIE Extends National Tech Survey Deadline Through March 19 Clarendon National FSR Rating Lowered To ‘BBB+’ Freberg Environmental Launches Excess Auto Liability Program Conn.-based eBenefits Group Purchased by Hub International ‘Live From New York,’ It’s Personal Moments Sponsored by Nationwide U.S. Regulators Promote Information Exchange with Russians FBI Reports Anti-Fraud Efforts to NAIC Task Force Berkshire’s Buffett Still High on Insurance Despite Cat Risk Court: US Airways Can’t Collect Insurance for 9/11 Disruption Gormley Promoted to Senior VP at Lighthouse Underwriters 60 Minutes Airs Piece on Uninsured Middle Class Overcharged by Hospitals Allstate Adopts New Corporate Policy Regarding Election of Directors Best Downgrades FSR for Atlantic Mutual Companies Commissioners Face Long List of Topics in Orlando Survey Reports Katrina Doesn’t Move Many Homeowners to Protect Their Investment Best Affirms FSR for Chubb I.I.I. Says Flood-Damaged Cars from Katrina May Surface on Used Car Lots Rep. Jindal to Address Big ‘I’ Young Agents and InsurPac Liberty Mutual Group Chairman Pleased with 2005 Numbers CSC Surveys Report Cost Savings Opportunity with Electronic Payments NAMIC Focuses Federal Affairs Agenda on Regulatory and Asbestos Reform Assurex Global Adds Trio of North American Agencies to Group of Partners Americans for Insurance Reform Report Says Med-Mal ‘Crisis’ is Over National News Archives
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