National News for March 2008 Bush Financial Regulation Overhaul Includes Federal Insurance Regulator Main Street America Announces Officer-Level Promotions, Appointments Feds Offer Safety Plan for Rail Tank Cars with Hazardous Materials Industry Lines Up ‘Pro and Con’ on Bush Plan for Federal Insurance Regulator U.S. Risk, The Colony Group Offer Criminal Justice Coverage Ratings Recap: Allied World Re, Computer, FGIC U.S. Sen. Schumer Urges U.K.-Like Single Financial Regulator Allied World Officially Launches Reinsurance Operation Banks Saddled with Costs to Replace Cards Compromised by Security Breach California May Create New Bond Insurer to Rival Buffett’s Insurance Journal Sponsoring Survey on Agent-Carrier Relations UPS Brand Exec Bloomenkranz to Head Progressive Insurance Marketing SEC Official Says More Subprime Fraud Could Surface Riskier Drugs Tied to Faster U.S. Approval, Industry Financing Ratings Recap: Farmers Home, Grain Dealers, Affirmative, CAPCO, Cincinnati Companies AIG Sues Former CEO Greenberg and 6 Ex-Directors U.S. Capital Markets Seen Losing Ground to Global Competitors Supreme Court Permits Health Benefit Offset for Retirees on Medicare Thinking the Unthinkable: What If Credit Crisis Isn’t that Bad? Citigroup to Pay $1.66 Billion to Settle Enron Creditors’ Claims Kellems Promoted to VP of Enterprise Risk Management for HCC NOAA: Major U.S. Flooding A Sign Of Things To Come S&P Sees Improved Insurer Enterprise Risk Management in 2008 Trial Lawyers Say Recent Study Proves Tort Reform Doesn’t Work Agents and Brokers: Deadline to Submit for IJ’s Top 100, April 4 Ratings Recap: Financial Guaranty, American Physicians, United National, Centene, Great Western Who’s Worth What in the Independent Agency System? Feds Hint at Compromise with States over Real ID National License How to Integrate Generations X, Y and Baby Boomer Employees Market Share Report: Top 25 Property/Casualty Insurers Hiscox USA Adds 2 Experts in Kidnap and Ransom Coverage Progressive Insurance Sponsors $10M X-Prize for Fuel Efficient Vehicle RLI Transportation Now Covers Fleets of Driver Training Schools SCA Defends XL’s Terminating Merrill Lynch Guarantee Contracts Urban Sprawl Poses Extra Risk for Teen Drivers, Virginia Study Finds Grocer Hannaford Hit with Class Action Suit over Data Breach Food Makers Say They Won’t Overreact to Safety Scares Arthur J. Gallagher Acquires Healthcare Risk Solutions of Pa. Feds Propose Changes to Flood Insurance Q&A for Lenders Fireman’s Fund Offers Uninsured/Underinsured Protection Grocery Chain’s Data Breach Shows Even Protected Systems Vulnerable House Financial Chair Frank Calls for U.S. Financial Risk Regulator Aon Founder Ryan to Retire Aug. 1 NSM Offering Wind Insurance with Its Express Hotel Program South Can Expect Warmer Weather through June, Say U.S. Forecasters ASPN Expands Regional Territories, Names 5 New Vice Presidents Regulators Release Updated Top 25 P/C Insurers’ Market Share Report Ratings Recap: Celtic, Farmers Home, Conemaugh, Allegany Co-Op, Housing Authority, Monroe, CAPCO, MGIC Google to Make Hurricane Flood Threat Data Available to Public U.S. Class Action King Weiss Agrees to Plead Guilty Insurers Settle Lawsuits over Philippines Crash for $165M For W.R. Berkley, Exiting Personal Lines Proved ‘Great’ Decision Ratings Recap: Travelers, Am. Capital, Fairmont, Univ. American, Fireman’s Fund (Mo.), ACE (Ill.) CIGNA, Conseco Merrill Lynch Files Suit Against Security Capital’s XL Credit Card Data Stolen from U.S. Supermarket Chain Firm Estimates $11B in Mortgage Applications Misrepresented Income USGS Offers Earthquake Research Grants Best Affirms GEICO’s ‘A++’ Ratings Abacus, ACE USA Partner for Online Foreign Event Program U.S. Court Rules Against Bear Stearns in Insurance Case Worldwide Facilities Offers Social Services Market Alabama-based Alfa Corp. Reports 2007 Results Max Cap to Buy U.S. Admitted Insurer Municipalities Sue Financial Firms, Allege Price-Fixing in Derivatives Study Finds Using Airbags without Seatbelts Increases Injury Risk Florida’s Main Street America Group Reports Results for 2007 Craigslist Web Site Not Liable for Illegal Ads, Federal Court Says Ratings Roundup: COUNTRY, Proformance, Palisades Group Stunned Bear Stearns Investors Eye Legal Claims S&P: U.S. Workers’ Comp Insurers Face Weakening Rates Ratings Recap: KFB, Combined, Ambac, Countrywide, Echelon Property 2008 State Rankings: Sinners and Saints Among Tort Systems Buffett Succession Plan at Berkshire Gets a Twist Lawyer: New Questions Raised About Toxins in Katrina Trailers Lexington Insurance Hikes Capacity for Commercial Property to $1.5 Billion Hanover Insurance Sheds Premium Finance Unit, AMGRO Population Growth, Part-Time Practices Contribute to Physician Shortage AIG Shares Fall Sharply on Concerns Over Possible Bigger Credit Losses Zurich Services Corp. Partners with OSHA Fast Fix for Workplace Safety Ratings Roundup: Motor Club, CIFG, Nationwide, Medical Savings Gates Joins The Leavitt Group as Senior Executive Congress Examines Municipal Bond Ratings, Bond Insurance Industry Climate Change No. 1 in Top 10 Risks Facing the Insurance Industry S&P Revises Cunningham Lindsey Outlook to Stable; Affirms ‘B-’ Rating Time, Markets to Seal U.S. Municipal Insurance Fate, Says N.Y. Regulator Reuters Poll: U.S. Economy Faces Recession, Probably in Q1 Best Affirms Nationwide’s ‘A+’ Ratings Best Affirms Nationwide Financial’s Ratings; Comments on Acquisition Last Call for Young Agents: What Are YOU Thinking? 40-and-Under Survey Wants to Know Skin in the Game: How Insurance CEOs Fare and Why Buffett is a Bargain N.Y. Gov. Spitzer Resigns; Paterson to Assume Post Ratings Recap: CIFG, Tall Pines, Conn. Medical, Nationwide, Wolverine EQECAT, ABS Update U.S. Offshore Energy Model Truckers to Review Snow-Removal Ideas in Wake of Connecticut Concerns Expect Consolidation in Nonstandard Auto Insurance Market, Conning Says ISO Granted Patent for Rating and Policy Processing Method AIG Expands Hurricane Service for High Net Worth Clients Regulators Release Report on Top 25 P/C Insurers’ Market Share Nationwide Financial Parent Offers $2.2B Buyout W.R. Berkley: Running a $5 Billion ‘Family’ Business New York Gov. Spitzer Linked to Prostitution Ring Gov. Spitzer Apologizes; Calls Reports a ‘Private Matter’ Spitzer’s Targets Included Greenbergs, Analysts and Stock Exchange CEO Wall Street Relishes ‘Sheriff’ Spitzer’s Fall from Grace Darwin Offers Liability Insurance for Managed Care Firms Berkshire Hathaway to Sell White Mountains Insurance Stake PIA National Honors Texan Markwell as Customer Service Rep of Year Senate Confronts Product Safety S&P Lowers Alleghany Ratings to ‘BBB’; An ‘Arbitrary’ Decision Says CEO Best Affirms Liberty Mutual’s ‘A’ Rating; Outlook Stable iCrime Wave? Researchers Suggest iPods Linked to Rise in Robberies Feds to Holdout States: Adopt National Real ID License Program Now Arbitration Resolves Record $2B in Inter-Insurance Company Disputes CDC Official: Reaction to Formaldehyde in Emergency Trailers Too Slow Wisconsin’s Straka Named Young Agent of Year by PIA National Study: Traffic Crashes Cost American Drivers $1,051 per Person 1 Minute Please: Insurance Journal Newsletter Ideas Wanted Storms’ Intensity Remains Tough to Predict, Says U.S. Hurricane Chief S.C. Manufacturer Recalls 67,000 Car Seats for Safety Reasons Train Accidents Fell 14% in 2007; Hazmat Incidents Rose As Actors Strike Looms, Insurance for Studios Assumes Lead Role Tenn.’s Bowles Honored as 2008 Agent of Year by PIA National Legislators Adopt Resolution in Support of Agent Licensing Registry Travelers Adds Workers’ Compensation to Aviation Unit Farmers Insurance Unit to Assume Zurich Small Business Renewals W.R. Berkley: Still Smart, Successful and Smiling After 40 Years of Decisions Wake-Up Call: One-Third of American Workers Sleeping on the Job Argo Group’s Trident Buys New England’s Massamont Agency XL Insurance Offers Excess Professional Liability with $25M Limits Study: Car Crash Deaths Increase Starting at Age 12 Merck Says 44,000 Could Qualify for Vioxx Settlement Ratings: Northwind/Tailwind, Meadowbrook, Hartford, Farm & City, AIG Buffett Says U.S. in a Recession; Pulls Back on Muni Bond Offer Siegel Agency Enhances Social Services Insurance Program Lexington Insurance Adds Eco-Friendly Building Coverage Feds Toughen Limit on Asbestos Exposure in Nation’s Mines States Urged to Lower Drinking Age to Reduce ‘Underground’ Drinking National News Archives
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