National News for September 2008
- Bermuda’s Argo Buys lllinois-Based Professional Liability Manager Insight
- President Bush Urges Congress to Act After Bailout Bill Failure
- Wachovia Insurance Services not Included in Citigroup Acquisition
- Equity Risk Partners Opens New York Office; Expands Nationwide
- Congress Extends National Flood Insurance Plan Until Next March
- House Rejects Wall Street Bailout in Surprise 228-205 Vote
- President Clinton Spotlights LeapFrog, First Microinsurance Firm
- President Bush: Bailout Helps Protect Economy from Breakdown
- Wall Street Bailout Bill Leaves Pricing Questions Wide Open
- State Regulators Blast Federal Regulation Advocates Over AIG
- Liberty Mutual Responds to S&P’s Rating Downgrade to ‘A-‘
- House Republicans Offer Insurance Plan to Rescue Wall Street
- Lawmakers to Tackle Wall Street Bailout Plan Again Today
- U.S. Court Sides with Bank to Stop Mortgage Loan Class Action
- Former AIG CEO Greenberg Plans to Sell Some AIG Stock
- Study Shows Increase in Treatments per Workers’ Comp Claims
- Lexington Arranges Reinsurance from Berkshire for Property Policies
- Biden Hits McCain Over ‘Bermuda Loophole’ for U.S. Insurers
- Atlanta-based Ebix Repurchases Shares of Its Common Stock
- Travelers Offers Enhancements for Boat Repairers Policy
- AIG Webcast: Investor Update, Oct. 3
- Best to Hold Conference Today on Ike, AIG Rating, Other P/C Events
- Liberty Mutual Group Completes Safeco Acquisition
- U.S. P/C Insurers’ Net Income Falls More Than 50% in First Half 2008
- Berkshire Hathaway’s Buffett Considering Purchase of AIG Assets
- Rating Roundup: Liberty/Safeco, CAPCO, Service
- Travelers, Chubb Stop AIG Surety Business: Marsh
- Survey: Why Agents Choose Other Markets
- Paulson, Bernanke to Go Before Congress Today on Bailout
- Navigators Increases Directors & Officers Liability Capacity
- Study: Tort Reform Lowers Premiums, Sometimes
- FBI Probing Fannie, Freddie, Lehman, AIG for Potential Mortgage Fraud: CNN
- U.S. Bailout Faces Delays as Goldman Gets $5B Boost from Buffet
- AIG Signs Definitive Agreement with Fed of New York for $85B Credit Facility
- Venture Programs Names DeMarco Preferred Club Executive VP
- Goldman, Morgan Stanley Convert; AIG CEO Forfeits $22M Severance
- Surety One Rolls Out Embezzlement Protection for Cafe Owners
- Insurance Producers Start to Move Business from AIG to Competitors
- U.S Treasury Secretary Calls AIG ‘a Hedge Fund’ With Little Oversight
- AIG CEO Liddy Expects Assets ‘For Sale’ List Next Week
- More to Come in Busy Atlantic Hurricane Season
- Credit Rating Agencies’ Cuts on AIG Signal Downgrades Ahead
- U.S. Financial Rescues Could Approach $2 Trillion
- AIG’s First Half Showed Slump
- Former SEC Head Donaldson Calls for Regulatory Overhaul
- House Bill Would Extend Flood Insurance Program 7 Months
- New AIG CEO Liddy: Insurer’s ‘Mess is Solvable’
- Liberty Mutual Acquisition of Safeco to Close Sept. 22
- Why Flood Policy Should Not Include Wind Coverage
- S&P Says AIG Ratings “Developing;’ Short-Term Ratings Raised
- Hurricane Ike to Cost Insurers $7B to $12B, RMS Says in Revised Tally
- Property Insurer Affiliated FM Offers ‘Green’ Endorsement on All Risk Policy
- AIG Will Sell Assets, But at What Price?
- Fitch On AIG Rating Watch Revision
- AIG Board Accused of Mismanagement by Pension Fund
- AIG Elects Liddy as CEO
- Key Lawmaker Wants AIG Internal Documents on CEO, Board, Pay
- State Regulators: Insurer Groups Must ‘Stick to Facts’ on AIG
- A.M. Best: AIG Ratings Remain Downgraded to ‘A’ and Under Review
- S&P to Hold Teleconference Today on Credit Crisis
- Best Comments on Potential Impact of Hurricane Ike on P/C Industry
- AIG Woes Offer Double Benefit for Insurance Rivals
- The Hartford Names Three Execs to Senior Posts
- AIG Crisis Restarts Debate Over State vs. Federal Insurance Regulation
- U.S. Looks to Former Allstate CEO Liddy to Run AIG
- For AIG, $85 Billion Might Not be Enough
- CNBC Reports Federal Government May Loan AIG Funds
- Greenberg’s C.V. Starr May Try to Take Over Struggling AIG
- Update: AIG Cash Crisis Mounts; Greenberg Explores Buyout; Conservatorship Reportedly Eyed
- States May Help AIG; Also Assure Policyholders Claims Will be Paid
- Democratic, Republican Senate Banking Leaders Cool to AIG Loan
- AIG Rescue at Hand: Government to Take 80% Stake in Exchange for $85 Billion
- Federal Reserve Statement on $85 Billion AIG Loan Plan
- AIG Statement on $85 Billion Federal Reserve Loan
- Feds: AIG Rescue Needed Because of Broad Reach
- S&P’s Analysis of Hurricane Season Finds Mounting Losses
- Best Lowers Most of AIG’s Ratings to ‘A’ from ‘A+’ – Still ‘Under Review’
- Credit Rating Downgrades Hurt AIG Efforts to Raise Cash
- Greenberg Tells CNBC: Saving AIG is in ‘National Interest’
- Auto Insurers Fail to Catch Most New Shoppers: J.D. Power
- 757 Graduates Receive CPCU Designation; Total Now Near 65,000
- S&P Puts AIG’s Ratings On CreditWatch Negative
- For Independent Agents, Carriers’ Claims Service is Top Performance Measure
- AIG Shares Plummet as Investors Await Rescue Plan
- Francavilla to Direct Program Development for AmWins
- Bank Insurance Brokerage Earnings Break Highest Mid-Year Level
- Assurant Offers ID Theft Protection for Financial Institutions
- New York Federal Reserve Hosting Meetings on AIG, Says Official
- AIG Gets New York Governor’s Help in Accessing $20 Billion
- AIG Employees on Edge as Once-Safe Company in Turmoil
- AIG Facing Liquidity Crisis, Seeks $40 Billion Loan from Federal Reserve
- Four Former AIG Execs Including Greenberg Settle Shareholder Suit
- Improved Practice Exams for CPCU, Other Courses Now Offered Online
- U.S. Subprime Lawsuits Outpace S&L Cases, Study Finds
- Ferocious Hurricane Ike in Gulf of Mexico, Headed for Texas
- Wholesaler NIF Adds New Market for Property Risks in 14 States
- Rating Roundup: Response Group
- Insurance Execs See Significant Sub-Prime Impact on 2009 Results
- AIG Loses Its Position as Industry Leader by Market Value
- Surplus Lines Brokers’ Group Launches Awareness Campaign
- Integro’s Egan Resigns; Garvey Assumes Roles as CEO
- InsurBanc Offers Financing for Agencies in Catastrophe Areas
- States Should Raise Driving Age, Says Insurance Safety Group
- AIG Shares Plummet on Fresh Mortgage Market Concerns
- Reinsurers Seeking Sidecars to Ride Out Next Big Storm
- Hanover Adds Employer Liability Insurance to Small Business Policy
- Westrope Expands Capabilities for Life Sciences Industry
- AIG Cos. Introduces Global Supply Chain Distruption Coverage
- Spiro Is Elected CFO of Chubb
- Travelers Unveils Sting Trailer to Combat Cargo Theft
- Gustav Could Cost Insurers $8B, Says Swiss Re
- A.D. Carlton Rolls Out New Market for Artisan Contractors in Ill., Texas
- Online Broker Upgrades Car Crash Safety Ratings Tool
- Speer to Lead National Alliance Business Development Team
- Prosecutors Allege AIG Scheme Cost Investors $1 Billion
- LIU Launches Global Crisis Risk Management Initiative
- Report: Credit, Housing Market Woes Slam Mortgage Insurance Industry
- Crump Launches Exclusive Liability Program for Subcontractor Risks
- Marsh & McLennan Appoints Ashford
- Minn. GOP Convention Officials Bought Liability Coverage in First Time Deal
- GOP Platform Calls for Natural Disaster Insurance Reform
- Colorado Forecasters Call for Four Hurricanes in September
- Ratings Roundup: Am Farm/Ranch, Great Northwest, Business Alliance
- PPIB Offers Tattoo, MediSpa, Tanning and Yoga Programs
- OSHA Offers Gustav Recovery Help
- Hurricane Ike Strengthens Rapidly; Hanna Expected to Hit U.S. Saturday
- Swett & Crawford Offers Hospital Threat and Child Abduction Insurance
- Wholesaler CRC Insurance Acquires Competitor Southern Risk of S.C.
- Hudson Insurance Takes Over CropUSA Agency
- Report: Claims Associated with Violence in the Workplace on Decline
- Unitrin to Acquire Auto Insurer Direct Response Corp. for $220M
- S&P, Best: Gustav’s Impact Minimal – But Storm Losses are Cumulative
- Hallmark Financial Services Acquires Heath Group
- Conning Research: Niche Focus Spells Success in D&O Market
- Goodbye Gustav…Hello Hanna, Ike and Josephine
- National Insurance Crime Bureau President, CEO Bryant Retiring Today
- Hilb Rogal & Hobbs Acquires San Diego’s G.A. Pearson Insurance
- Analyst Sees Gustav Insured Loss Coming In Below Early Estimates
- Hanna Becomes Hurricane Then Stalls; Heads for Georgia, South Carolina
- Report: Highly Satisfied Customers Have Higher Auto Renewal Rates
- Gustav Insurance Losses Significant but ‘Manageable,’ Less than Katrina’s
- U.S. Reinsurers Report Deteriorating Combined Ratio; Decline in Surplus
- Gustav Impact Limited But Losses from Moderate Catastrophes Add Up
- Venture Launches Resort Program
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