National News for July 2004 Prime Earns ‘A’ Financial Stability Rating NAMIC Encourages Legislators to Back TRIA Extension USI Releases 2Q Financial Report Bank Holding Insurance Underwriting Income Up 2% to $25 Billion in 2003 MMC Releases 2Q Results; Net Income Up 7% Arthur J. Gallagher Posts 2Q Results Bremer, Gorbachev, Bacall to Address Leadership Forum Consumer Agency Targets Swimming Pool Safety St. Paul Travelers Unveils Results from Study on Equipment Rental Industry Mishaps Trusted Choice Ads to Return to Airwaves PCI Appoints McKay as Federal Affairs Director Chubb Reports ‘Strong’ Second Quarter Berkley Says Second Quarter Shows Progress Penn-America Says Second Quarter Record Results Reflect Firm Pricing in E&S Lines Four ACE Members Agree to $14 Million Settlement Philbin Chosen as New Trusted Choice Exec. Director ACE USA Unveils Hurricane Spin-down Coverage for Chemical Plants, Refineries, Related Industries Gentile Joins Tillinghast as National Director Senate Passes Confidential Medical Error Reporting System Study: Employers Ignoring Workplace Violence CalSurance Unveils National E&O Coverage for Broker-Dealers with 75 or Less Registered Reps Castle Replacement Cost Services Integrated into the RiskMeter Online St. Paul Travelers to Cut 3,000 Jobs NAAIA Announces 2004 Conference and Summit A.M. Best Downgrades Debt Ratings of St. Paul Travelers; Affirms Financial Strength Ratings Mandatory Auto Insurance Does Not Reduce Number of Uninsured Drivers, Says Insurer Trade Group AAIS Appoints Maka to Director of Marketing PCI: Senate Bill Reflects Importance of TRIA Extension to American Economy A.M. Best Sees Stable Ratings for Reinsurers Association of Professional Insurance Women Elects Board, Advisors Aon, CSC Ink $600 Million IT Outsourcing Deal AIA: Senate Bill Boosts Momentum to Extend Terrorism Insurance Law Atlantic Mutual Reducing Deductibles to Reward Claim-Free Homeowners and Drivers Big I Announces Best Practices Symposium ATRA Urges Enactment of Lawsuit Abuse Reduction Act National Insurance Task Force Makes Name Change Quanta US Names Fishman President Darwin, Target Markets Partner to Offer E&O PCI Says Lack of “Due Process” Still an Issue with Market Conduct Model Act NAMIC Says NCOIL Market Conduct Model Amendments “No Better, No Worse” Axis Introduces New Commercial Property Capabilities Survey: Carrier Performance Falls Short of Expections Survey: Market Index Shows Continued Softening for Commercial P/C Market NAMIC Addresses NCOIL Regarding Sarbanes-Oxley State Fraud Laws Need to Be Tougher, Group Says Fair Isaac Launches New Decision Making Software for Insurance, Financial Services Industries Crop Insurers, Agents Unhappy With New SRA Fitch Revises Outlook on U.S. Commercial Lines Sector to Stable Conning Study: Estimates $14 to $24 Billion Gap in P/C Reinsurance Recoverables Expectations Is Growing PCI Tells NCOIL That Restrictions on Loss History Are Unnecessary NCOIL Task Force Backs TRIA Extension; Market Conduct Model Next on Agenda ACE Launches Hurricane Cancellation Product Nominations Now Being Accepted for AICPCU/Wharton Insurance Executive Development Program MarketScout: Market Holds Steady at 7% for June RIMS: Soft Market Takes Hold as Commercial Premiums Decline 15% Industry Ethics Executive to Participate in National Conference of State Legislatures Discussion Kemper Auto & Home Names McDaniel as President Weiss Report: P/C Insurers Earn $32.3 Billion in 2003, Industry Reports $48 Billion Investment Gain Actuaries Look at TRIA Assurex Global Re Forms Cell for Risk Management Needs for Construction Clients Insurers Must Go Paperless in Right Way, Group Says Loss-History Data Under Scrutiny in 31 States Chubb Warns Homeowners to Make Hurricane Preparations as Percentages Increase Bank Holding Companies’ Insurance Agency Fee Income Rises to Record $8.4 Billion in 2003 S&P: Mercury Casualty Co., Affiliates Ratings Affirmed ACE Risk Management Introduces Corporate Risk Solutions for Mid-Sized Companies Study: MICRA Cuts Malpractice Awards by 30% NCOIL to Investigate Corporate Governance Issues House Approves Wind Damage Reduction Program Cybersettle to Assist in Claims Handling for CNA IIABA Testifies on Gramm-Leach-Bliley Act; Says Legislation Reaffirmed State Authority Actor, Writer Stein to Speak at CPCU Ceremony NAMIC Responds to Senate Class Action Vote IMMS Launches Online Market Service ISO Unveils New COA Claims-Handling Solution Commentary: Farewell Reflections Conclusion PCI Urges NAIC to Drop Insurance Scoring “Best Practices;” Focus on Consumer Education AXA Closes MONY Acquisition; Best Notes ‘A+’ Rating NAMIC Responds to CEJ Comment on Credit Scoring Consumer Group Claims NAMIC Study on Credit Scoring ‘Flip-Flops’ Earlier Positions AIA Responds to Senate Class Action Vote NAMIC Issues Policy Paper on ‘Disparate Impact’ Theory for Credit Scoring Flat Caps on Damages Unfair, Says Harvard Study ISO: Insurers to Pay Policyholders $1.65 Billion for Q2 CAT Claims Zurich Appoints Political Risk Underwriter for Washington AIA: Momentum Reportedly Growing to Extend Terrorism Insurance Law Commentary: Farewell Reflections Continued S&P Lowers MarshMac’s Ratings to ‘A+’ from ‘AA-’ Gen Re Announces Richter to Retire as Genesis Chairman, CEO; General Star’s Roberts to Head Combined Group Commentary: Farewell Reflections ESIS Unveils New Risk Management System Coalition of Doctors Call on Kerry, Edwards to Support Med-Mal Reform AIA Urges Senate to Complete Work on Long Overdue Major Legal Reform ATRA: Kerry-Edwards Victory Will Raise Tort Tax Best’s P/C Center Adds Access to Financial Statements Survey: Pricing Surpasses Terrorism as Top Concern PCI Stresses Importance of Postal Service Reform Insurance Associations’ Letter to Rep. Oxley on TRIA Berkshire Completes Exercise of Warrants to Acquire White Mountains Common Shares CSC Expands BPO Relationship with Clarendon W. R. Berkley Forms New Specialty Company, Acquires Gulf Renewal Rights; Zeitman to Head Unit Agent Groups Express Appreciation as President Signs Flood Insurance Extension Bill ACE Financial Solutions Names Dove President PCI Hears Rep. Baker Describe SOX Regulatory Reform The National Alliance Names Outstanding CSRs for 2004 IMCA Announces Showcase Award Winners National News Archives
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