National News for October 2004
- CIAB Issues Statement on Broker Compensation
- Ethics Called Bottom Line Issue for Entire Insurance Industry
- American Driving Records Delivers Instant Motor Vehicle Records Through Ivans Transformation Station
- Study Lauds Driver Stability Systems for Reducing Single Car Crashes by 35%, SUV Accidents by 67%
- Conning: Group Insurance Lines Outpace Individual
- Fitch Drops Marsh & McLennan’s Senior Debt
- Conn. AG Subpoenas Allstate
- Insurance Treat: Halloween Candy Liability Waiver
- Conn. AG Subpoenas U.S.I. Holdings Corp.
- S&P Announces Reaction to Recent MMC Developments
- AIG Private Client Creates Loss Prevention Unit
- Pierce Elected PCI Chairman; Whitburn, Tierney Appointed to Vice Chair Positions
- Guy Carpenter Unveils Reveal for Workers’ Comp Risks
- Aon Re’s 3rd Annual Study: Improvement in Homeowners Prospective ROE Keeps Up
- Greenberg Out, Cherkasky In, at Marsh; Broker Vows to Unveil ‘Significant Reforms’ Today
- AIG Seeking Resolution of SEC, DJ Investigations
- AIG Launches Equipment Finance, Leasing Company
- ISO: Insurers Will Pay Estimated $3.245 Billion on Hurricane Jeanne Claims
- Spitzer: Corporate Criminal Prosecution for Marsh Not Necessary Following Greenberg Resignation
- Chubb Sees Growth in Q3
- W.R. Berkley Sets Q3 Record
- CPCU Society Board of Governors Issues Ethics Policy Statement During Meeting
- RMS Updates U.S. Terrorism Risk Model
- Schinnerer’s Public Entities Department Adds More Coverages For All Types of PE
- SNL Financial Broker Index Loses More Than Quarter of Value Since N.Y. AG Announces Investigation
- Marsh Directors Reportedly in Negotiations with N.Y. AG; CEO Greenberg Said Pressured to Resign
- Patterson Named Exec VP at First State Management
- Sloan Mason Notes MGL Product
- Dunn Elected President of ASCnet
- A.M. Best: Cycle Management Key to Reinsurance Industry Financial Strength
- S&P Says Insurance Brokers Have Resources to Manage Through Current Crisis
- S&P Revises Overall P&C Outlook to Negative
- PCI Says Industry Unfairly Painted in Light of Alleged Illegal Practices
- Marsh Pegs Contingency Payments at Center of Probe at $1.2 Billion in Past 18 Months
- Willis Abolishes Contingency Pacts; Sees Opportunity in New ‘Level Playing’ Field Among Insurance Brokers
- Rockwood Expands E&O Program for P&C Agents
- AIG Target of Federal Grand Jury Investigation
- AIG Unveils Q3 Numbers, Notes Storm Impact
- S&P Drops Ratings on Marsh & McLennan Cos., Aon
- State Farm Partners with HFSC’s Steering Committee to Increase Home Safety
- PCI Praises President’s Commitment to Legal Reform
- U.S.I. Holdings Corp. Targeted in Class Action Suit
- ACE USA’s International Advantage(R) Now On-line
- Evaluating Overcharges: Should Your Company Pursue Claims Against Brokers and Carriers’
- Q3 Commercial P/C Premiums Continue Fall
- ‘No Immediate Rating Actions’ on AIG, ACE, Hartford, Says S&P
- St. Paul Travelers Estimates Approximately $93 Million in Jeanne Losses
- PCI Cites State Trade Group’s ‘Crucial Role’ in Regulatory Reform Debate
- GAB Robins to Provide Workers’ Comp Claims Services for Folksamerica
- Complete Text of N.Y. AG’s Complaint Available Online
- Spitzer Invites Health Insurer into Expanding Broker Compensation Probe
- WFG Capital Advisors: Agency Consolidation Gaining Momentum; Outlook Remains Cloudy
- Impact of Spitzer Broker Fraud Charges Felt at Marsh and Beyond
- Evan Greenberg Issues Statement to ACE Employees on Spitzer Investigation
- Fitch Downgrades Marsh & McLennan’s Senior Debt, S-T Ratings Following Probe
- Life Insurers Get Taste of Spitzer Probe
- MMC Names New Chairman, CEO at Marsh Inc.
- NAMIC: Post-Election Priority – Extension of TRIA
- Insurers to Pay $6B on Claims for Hurricane Ivan
- United National, Penn-America, Penn Independent Join Forces to Become United America Indemnity
- AIG’s Greenberg Expects More Transparency, Not Material Impact from Brokerage Charges
- Marsh Halts All Controversial Brokerage Agreements
- S&P Lowers FSR for Fireman’s Fund, Some Subs
- Big ‘I’ Condemns Illegal Bid-Rigging, Steering
- Hagerty to Write Lowriders
- New York AG Sues Marsh Over Contingent Commissions, Cites Insurers Over Alleged Bid-Rigging
- Ins. Rates for Hospital Professionals, Physicians May Slow in 2005
- ACORD Ad Campaign Puts Humor into Data Standards
- TRIA Extension Uncertain, Insurers Advised to Prepare
- Assurex Global Adds Four New Partners
- According to Study, Insurers Continue to Price-Gouge Doctors Despite Falling Med-Mal Payouts
- Hales & Co. Purchased by Management Group
- ASCnet Honors Litwin with Leadership Award
- Supreme Court Debates Pollution Lawsuits
- AIG’s Greenberg: Industry Faces Trouble with Congress on TRIA; Some Pursue ‘Graveyard’ Strategy
- Disaster Recovery Planning Heads Report Partnership to Help Businesses Prevent Loss
- NAMIC Promotes Three to Senior VP
- Travelers Integrates Auto Report Ordering into Agent Web Site
- Hopes Fade for Terror Insurance Renewal This Year as House, Senate Prepare to Recess
- PCI: Civil Justice Reform Important to Insurers
- Four Companies Honored with Best Practices Award at Big ‘I’ Conference
- Big ‘I’ Concerns: Insurance CEOs Cite Terrorism, Asbestos, Tort Reform
- PIAA: Both Presidential Tickets Recognize Medical Crisis; Kerry-Edwards Fails to Embrace the Solution
- PIA National Unveils Grassroots Action to Ensure Passage of Terrorism Insurance Extension
- W.R. Berkley Ratings Affirmed From Fitch
- AIG Excess Casualty Introduces New Broker Initiative for Commercial Umbrella Producers
- Brown Elected Chairman of CIAB
- Disney Facilitator Emphasizes “Magical Interaction” to ASCnet
- APPEX to Hold Executive Symposium Oct. 20-22
- St. Paul Travelers Ivan Losses Around $94 Million
- Fitch Affirms Chubb’s ‘AA’ IFS Ratings
- AMS-Rackley Rolls Out SETWrite in 15 States
- P/C Insurers’ Loss Reserves “Remain Deficient” Says Best Report
- Zurich Names Kaplan Chief Underwriting Officer – North America Commercial
- Best Assigns Aioi America “A” Rating
- Hartford Authorizes $1 Billion Share Repurchase
- R&M Report Says U.S. Insurers Distribution Expenses May Double
- Najjar Takes Helm at Clarendon Insurance Group
- Congress Debates Reforms to Nuclear WC Program
- Cheney, Edwards Spar Over Medical Liability Issue During VP Debate
- Lighthouse Offers New E&O/EPLI Policy for Agents
- S&P Affirms Zenith National Ratings
- Big ‘I’ Applauds Countersignature Trends
- Underinsurance Problem Improves, Says MS/B
- NAIC Releases 2005 Budget; Expenses Cut by $1.8M
- SEC Alleges AIG Press Releases on PNC Affair Could Violate Securities Laws
- Berkley Updates Q3 Hurricane Loss Estimates to $20 Million, Including Jeanne
- Ambassador Bremer Tells Agents Saddam Ouster Was Right to Do But U.S. Troop Levels Were Wrong
- Markel Estimates $80 Million in Hurricane Losses
- National Flood Insurance Program Launches Agent Co-Op Program
- The Hartford FSG to Sell Crop Business to Wells Fargo’s Rural Community Insurance Co.
- The Increased Difficulty of Successfully Challenging the Arbitration Award
- Insurance Is Fun! Declare Grizzled Industry Veterans
- Emerging Markets Executives Share Success Strategies
- At $22 Billion, Insured Losses from Four Florida Hurricanes Will Exceed Andrew’s Record
- PIA Survey Shows Strong Support for State Regulation
- MarketScout: Property Market Halts Rate Reductions
- CIAB Expands Global Market Opportunities
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