National News for March 2012 Argo Group to Reorganize Argo Pro XL Insurance Operations Enhances ‘Side A’ D&O Coverage BP Claims U.S. Hiding Evidence on Size of Gulf Oil Spill MasterCard Reports Possible Security Breach 30% of Teen Drivers in Crashes Suffer Head Injuries: Study Judge Won’t Dismiss Massey Shareholder Suit Over Safety FDA Steps Up Scrutiny of Metal Hip Implants Judge Throws Out Investor Lawsuit Against Bank of America Over Mortgages Willis Announces Accountable Care Organization Insurance Liability Policy Insurance Claims Firm Cunningham Lindsey Put Up for Sale Liberty Mutual Acquires KIT Finance, Enters Russian Auto Insurance Market Ratings Roundup: Michigan Professional, Bancinsure, Maiden NA Look Out Gecko and Flo, ‘Mayhem’ Man, QB and Professor Are Gaining On You! Nix the Tape on Home Windows, Say Hurricane Officials Hospital Pay Incentives Not Improving Patient Outcomes: Study Supreme Court Limits Pilot’s Damages in HIV Privacy Claim vs. Government PPIB Launches Network Security Program for Retail, Healthcare Segments Young Agents: What Are YOU Thinking? Exclusive Survey Supreme Court Hears More Healthcare Law Arguments National Ethics Association Expands E&O Program for Low-Risk P&C Agents FEMA Director: Private Sector Needs ‘Seat at the Table’ in Disaster Response Hartford’s Money-Losing Brokerage Unit Expected to Attract Bids How AIG Will — or Won’t — Generate a Bailout Profit for Taxpayers Glatfelter Public Practice Adds Cyber Liability Coverage Southwest Risk Launches New Habitational Program Applied Systems to Release Epic 6 Agency Program in April Facebook Says Emails Show New Yorker’s Lawsuit a Fraud FTC Wants Voluntary Online ‘Do Not Track’ System AIG CEO Benmosche Says Taxpayers Will Profit on Bailout Washington Mutual Sues Its D&O Insurers, Seeks Up to $250M Beazley Launches Healthcare Regulatory E&O Policy Supreme Court Begins Healthcare Law Debate WellCare $137M Whistleblower Deal Now Official Facebook, Lawmakers Warn Employers Not to Demand Passwords Travelers Exec Joins XL Group as VP for Ocean Marine Unit in New York Study: Access to Local Underwriters Critical for Small Commercial CSRs Morgan Stanley Directors Win Pay Lawsuit Dismissal Judge Orders Feds to Begin Proceedings to Remove Antibiotics in Animal Feed AIG Makes Final Payment for AIA Aurora Stake Ratings Roundup: Missouri Valley, Berkley (Notes), Old United, Blue Whale (Pfizer), Zale, Infinity HSB to Offer Equipment Breakdown, Data Breach Product Paulson Says Hartford’s Plan Is Just ‘A First Step’ Best Puts The Hartford and Subs Ratings Under Review Legality of Employers Asking Job Applicants For Facebook Passwords Questioned 6 Ways Supreme Court Could Rule on Healthcare Law Brokerage’s Strategy Could Redefine ‘Customer’ in Securities Arbitration Cases Hartford Moving Closer to Its P/C Roots But Not Severing All Life Ties U.S. Treasury’s Geithner Put on Spot for Delayed Insurance Report HCC Insurance Holdings Names Burke as Chief Operating Officer Great American Launches FleetFusion Program for Motor Carriers Ratings Agencies Respond to The Hartford’s Plan to Exit Life Insurance Cargo Theft Reporting Improves, Says Insurers’ CargoNet Cisco Enables Employers to Secure Employees’ Personal Mobile Devices Hartford Bows to Shareholder Paulson, Sells Most Life Insurance Units Municipal Defaults — Already 21 in 2012 — Another Blow for Bond Insurers House Plan Would Cut Crop Insurance Cost 4 GOP-Appointed Justices Control Obama Health Law’s Fate Willis Among Targets of Stanford Third Party Class Actions Lawsuit Against Berkshire Hathaway Over Sokol Trades Dismissed Cost Containment Tops Employer Concerns on Workers’ Comp: Survey Supreme Court Readies for Healthcare Debate Aon Shareholders Approve Domicile Move to London Oil Spill Panel to Issue Drilling Safety Report Towers Watson Receives Patents for Risk Modeling Technique MBIA Reportedly Ready to Settle with UBS Over Restructuring SEC, Citgroup May Win Appeal in Mortgage Fraud Case Lexington Offers New Coverage for Conservation and Mitigation Banks Millions in U.S. at Risk from Rising Sea Levels: Report Whistleblowers Reaping Rewards in U.S. Mortgage Suits Departing Goldman Sachs Banker Slams ‘Rip-Off’ Culture Catastrophe Frequency, Tornadoes Test Insurers in U.S.: A.M. Best Bailout Watchdogs Criticize AIG Tax Deal Liberty Mutual ‘Disappointed’ at $450M AIG Workers’ Comp Settlement FastComp.com Adds Workers’ Compensation Coverage in Ten States Securities Fraud Settlements in 2011 Were Lowest in Decade Chartis Teams Up with Sterling & Sterling to Offer Total Body Pac Cost of Obama Healthcare Law Lowered Under Latest Congressional Analysis After Failure, MetLife Criticizes Federal Reserve Stress Test As Flawed for Insurers Update: Insurance Wholesaler AmWINS Is Recapitalizing: CEO DeCarlo Tetrault Named Counsel for Insurer Group NAMIC’s State, Policy Affairs ‘Super Losses’ in Healthcare Sector Growing in U.S.: Hiscox Yahoo Sues Facebook Over 10 Patents Administration Issues Rules for State-Run Health Insurance Exchanges Do Agency Management Benchmarks Work? Hiscox Appoints Walter as U.S. CEO; Head as Chief Underwriting Officer Commercial Lines Prices Up for 4th Straight Quarter: Survey Gulf Oil Spill: Tales of 3 Plaintiffs U.S. to Seek Court Approval for $25 Billion Mortgage Deal with Big Banks Largest Shareholder Presses The Hartford to Decide Soon on Split-Up Toyota Recalling Some Tacomas, Camrys And Venzas Kitchen Appliances Rank No. 1 in Product Safety Complaints ACE Expands Public Entity Product Lawyers in Gulf Oil Spill Settlement Prepare for Fight Over Fees BP Settlement Relieves Feinberg of Duties; New Claims Process to Start La Nina to Fade But South Should Expect Dry Conditions Alleghany and Transatlantic Complete Merger AAIS and Hartford Steam Boiler Team up for Data Compromise Coverage Fannie Mae Changing ‘Forced-Place’ Home Insurance Rules U.S. to Sell $6 Billion in AIG Stock; AIG to Pay More to Taxpayers Whistleblower Says BofA Defrauded Home Loan Remodification Program 7-Day Advance Hurricane Forecasts Not Far Away, Says Storm Center Chief K&B Introduces Workers’ Compensation Program PPIB Introduces Professional Lines Program SEC Weighs Exempting Insurance Companies from Volcker Rule Tokio Marine Buyout of Insurer Delphi Allowed to Proceed Wealthy Americans Fear Costly Lawsuits BP Gulf Oil Spill Settlement Includes Medical Claims Process Protective Specialty Launches E&O Products for Insurance Agents Supreme Court Weighs If Firms Can Be Sued Over Human Rights Abuses Abroad Marsh & McLennan CFO Wittman Resigns for Senior Role at Google Three Mull Lawsuits in U.S. Against Murdoch’s News Corp. BP’s Potential Pricetag for Gulf Oil Spill BP’s $7.8 Billion Deal May Speed Gulf Spill Payments AIG Sells $500 Million Stake in Blackstone Insurers Face Huge Losses from Latest Deadly Tornadoes BP Reaches $7.8 Billion Deal Over Gulf of Mexico Oil Spill Death Toll, Damage Mount from Tornadoes in Midwest, South U.S. Regulators to Issue Post-Fukushima Safety Rules Chartis Enhances Fiduciary Liability Coverage Court Revives Securities Case Involving Foreign vs. Domestic Transactions CFC Introduces Tailored Policy for PEOs U.S. Seeks Dismissal of Ex-CEO Greenberg’s $25B Lawsuit on AIG Takeover Driving on ‘High’-way: Many Teen Drivers Admit Having Driven After Pot States Won’t Oppose Honda Hybrid Settlement State Farm Profit Took Hit in Stormy 2011 5 Startup Businesses Agents Should Watch Sentry Insurance Group Names McPartland as CEO Companion P&C Names Rhodes Chief Operating Officer Ex-Security Chief at West Virginia Mine Gets 3 Years in Jail K&K Insurance Expands Skating Program Insurance Journal Co-Sponsors Study on Agents’ Views on Carriers National News Archives