National News for June 2010
- Senate Committee Votes to End Oil Spill Liability Cap Retroactively
- If Today’s Bid Fails, Next Likely Vote to Restart Flood Insurance: July 12
- Lexington Extends CrisisResponse Coverage to Healthcare Insureds
- Rockwood Adds General Liability to Life Agents’ Errors & Omissions
- Financial Crisis Panel Hears from AIG’s Cassano, Goldman’s Lewis
- Hurricane Alex Could Reach Land Today in Mexico, Texas
- Special Reuters Report: Oil Spill a Gusher for Lawyers; Litigation May Take Years
- More Oil Spills to Come, Says Professor
- Fireman’s Fund to Offer Discount for Energy Star Labeled Buildings
- Mercer Insurance Group Rating Upgraded to Stable From Negative
- Neal Bill, HR 3424, Proponents and Opponents Trade Salvoes
- Hurricane Alex to Hamper BP’s Gulf Oil Disaster Containment Effort
- Zurich Increases Capacity, Expands Appetite for Specialty E&O Business
- How to Overcome the Hurdles of Hiring to Smaller ‘Big Cities’
- Supreme Court Upholds But Criticizes Business Method Patents Ruling
- Supreme Court Partially Strikes Down SOX Accounting Board
- Homeowners Offered Few Insurance Choices in Hurricane States
- BP Says Storm Waves Will Delay Oil Capture
- AIG’s Cassano, Sullivan and Goldman Excutives to Face Crisis Panel
- State, Maritime Law to Determine BP Oil Claims, Says Feinberg
- Lawmakers Agree on Historic Financial Industry Reforms
- Highlights of U.S. Financial Reforms
- Democratic Governors Defend Healthcare Overhaul
- A Look at the More Than 240 Lawsuits Against BP in U.S.
- A.M. Best: P/C Insurer Financial Impairments Triple Since 2007
- Asterisk Financial Launches Personal Guarantee Insurance
- USLI Expanding with Retail Agent Distribution; No Longer Exclusively Wholesale
- Google, YouTube Beat Copyright Challenge from Viacom
- More U.S. Firms Buying Terrorism Insurance; Prices Decline: Marsh
- Willis Appoints Neborak as Group CFO
- Last Chance: Insurance Journal Top 100 Agencies
- Fireman’s Fund Introduces New Green Insurance Endorsements
- House Passes Flood Insurance Extension; Senate Must Still Vote
- P/C Insurers Return to Profitability in Q1 With $8.9B in Net Income
- Alteris Launches Residential Lease Guarantee Program with Insurent
- Munich Re Expands Admitted Capabilities for Program Administrators
- Gulf Oil Disaster Cleanup Workers Risk Health Problems
- Ratings Recap: Mercer Group, CAMICO, First Jersey
- Safety Concerns Rise As Golf Carts Take to the Streets
- Supreme Court Rejects Pfizer Punitive Damages Appeal
- Lawsuit Fears Lead to Overtesting by Hospital Emergency Rooms
- Judge’s Approach to Curbing Malpractice Suits Gets $3 Million
- Rush to Electronic Health Records Could Increase Liability Risk
- 11 East Coast States Hold BP Responsible for Oil Disaster Claims
- BP Partner Anadarko Places All Blame for Oil Disaster on BP
- BP Looking to Raise $50 Billion to Cover Gulf Oil Disaster Costs
- After Profitable 2009, Reinsurers Face Pricing Pressure from Primary Insurers
- Ratings Recap: Chartis, C.P.A., Electric
- Wholesaler TB&C Joins with CRC Insurance in California
- Navigators Launches E&O Coverage for Contract Research Organizations
- Willis Forms Distressed Assets Practice; Ruane to Oversee
- Oil Fears May Hurt Gulf States’ Economies More Than BP Spill
- NAS Lowers Rates, Minimum Premiums for Insurance Agents E&O
- Neace Lukens Launches New Life Sciences Specialty Insurance Service
- Willis Forms Distressed Assets Practice; Ruane to Oversee
- Avoca Insurance Forms Manchester Specialty Programs
- AIG Puts Dooley in Charge of Asset Management
- Senate Again Rejects Bill Containing Flood Insurance Program Restart
- Irwin Siegel Agency Expands Youth Focused Insurance Program
- SEC Said to Complete Probe of AIG and Executives
- How New Independent BP Claims Process Should Work
- Strong Brand Leads List of Critical Marketing Factors for Agents
- The National Alliance Awards 24 Scholarships
- Progressive Sees Increase in Cat Losses in May
- Zangwill-Infantino Forms Insight Insurance Consulting
- BP Agrees to $20 Billion Claims Fund; Amount Not a Liability Cap
- Insurance Recovery Experts Launch Dedicated Subrogation Division
- Documents Reveal BP Cut Safety on Oil Rig to Save Money, Time
- Obama Demands BP Set Up Independent Account for Oil Claims
- iPipeline Awarded Patent for Computer Method for Insurance Applications
- Federal Judge Approves $72M Insurance Settlement with The Hartford
- Nation’s Flood Insurance Program Remains in Limbo
- Rise in Employer Healthcare Costs Slowing
- Lawyer for Alleged Ponzi Schemer Stanford Accused of Insurance Fraud
- Restaurants Lax on Food Safety, Says Researcher
- S&P Revises Marsh Mac Outlook to Negative; Ratings Affirmed
- Ratings: Toyota Motor, First Mercury, Eastern Alliance, Southern Farm
- BP Oil Spill Claims Hit $1.6 Billion
- Commercial Insurance Prices Stay Level for 5th Straight Quarter
- Best Affirms Liberty Mutual, Subs ‘A’ Ratings; Outlook Negative
- Best Places PMA Capital and Subs Ratings under Review/Positive
- Best Sees No Change in Old Republic’s Ratings from PMA Acquisition
- Statehouse Casualty, Windward Group Offering Umbrella to $5M
- CNA, SeaPass to Expand On-Line Quoting for Small Business Partners
- Obama Seeks BP Escrow Account to Cover Oil Claims
- Possibility of BP Bankruptcy Due to Oil Claims Seen Remote For Now
- Congressional Panel Criticizes Government Over AIG Bailout
- Insurance Software Firm Vertafore Acquired by TPG Capital
- The Competitive Advantage: Opportunity Knocks
- Submit Today: Insurance Journal Top 100 Agencies
- Travelers Adds SolarPak Coverage to Its EnergyPak Products
- Big “I” Markets Introduces Pollution/Environmental Product
- IronPro to Offer Privacy Coverage on Miscellaneous Professional Policies
- BP’s U.S. Shares Plunge on Oil Spill Liability Fears
- Senator Eyes Prison, Compensation for Environmental Crimes
- Chemical BPA Used In Most Food Can Linings Raises Concerns
- And the Best, Worst States for Tort Liability Costs Are…
- Best Affirms NYMAGIC Group, Subsidiaries Ratings; Outlook Stable
- Aon Helps Lenders With Foreclosed Property Through Risk Management
- OnPoint Underwriting Adds Surety Bond Coverage for Tribal Clients
- Insurance Expert to Testify at Hearing on Oil Spill Liability Today
- Best Upgrades Travelers Group Issuer Credit Ratings; Revises Outlook
- FEMA: Insurance Applies if Oil from Spill Mixes with Flood Waters
- Long Named Liberty Mutual President
- Midlands Introduces Public Entity Package
- Navigators, Victor O. Schinnerer Launch Non-Profit Directors & Officers Program
- Aon eSolutions, Aon Global Risk Launch Public Entity Claims Tool
- Swett & Crawford in ‘Advanced’ Merger Talks with UK’s Cooper Gay
- Preferred Concepts Buys Wholesale Broker Mercator
- Foley to Head Berkley Risk Administrators Co.
- State Farm Won’t Add New Flood Policies but Agents Will Still Sell Them
- Risk Management a Low Priority for Small Biz World
- The Hartford Names Awad as Chief Technology Officer
- Chartis Expands XSEnhanced Umbrella Program to Real Estate Industry
- S&P: AIG Ratings Unchanged after AIA Deal Fails; Outlook Negative
- Best Affirms Horace Mann and Subsidiaries ‘A-‘ Ratings; Outlook Stable
- Ratings Recap: Builders Group, FMH Group, MAG Mutual, Nationwide (Fla.)
- Anderson to Head U.S. Construction Practice at Marsh
- Marsh & McLennan Sells Kroll to Providence for $1.13B
- V3 Introduces New Miscellaneous Professional Liability Program
- BP Lowers Containment Cap onto Wellhead But Uncertainty Remains
- Citibank Employee Sues, Says Good Looks Got Her Fired
- Best Affirms Fairfax, U.S. Members Ratings; Upgrades Seneca’s ICR
- BP CEO: Industry Needs to Reassess Deep-Sea Operations, Safety
- Chubb Urges Shareholders to Reject Mini-Tender Offer by TRC Capital
- Oil Rig Tragedies Shock Insurers, Destabilize Market, Says Willis
- AIG CEO Benmosche Looks Safe Despite AIA Deal Failure
- 2010 Atlantic Hurricane Season: 76% Chance Major Storm to Hit U.S.
- Insurance Journal Searches for Top 100 Agencies
- S&P Warns P/C Insurers on Reserving Practices
- Hail Loss Claims Up 61%; Suspicious Claims Up 136%
- Premier Insurance to Offer Hospital Coverage Sponsored by Allied World
- Lexington Introduces Self Storage Facilities Program
- BP Oil Spill Losses Hit Reinsurers; Premiums Jump
- Homebuilder, Manufacturer Worried About Chinese Drywall in 2006
- Chartis Renames Small Business Division as Growth Enterprises
- Brunner to Head Zurich North American Specialty Casualty Group
- Transocean Revises Bid to Limit Liability After U.S. Criticism
- Gulf Oil Spill Threatens Mississippi, Alabama Islands
- Gulf Oil Rug Workers Claim Safety Sacrificed to Save Money
- S&P Lowers State Auto Group’s Ratings to ‘A-‘; Outlook Stable
- Best Affirms RLI Group’s ‘A+’ Ratings; Outlook Stable
- Ratings Recap: Frankenmuth, Oregon Dental, Sooner, Commercial Casualty
- Flood Insurance Program Suspended Until June 7 or Later
- Judge Rejects Fraud Charge, Says Rating Agencies Not Underwriters
- 10 Catastrophe Bonds Closed Before Hurricane Season Opening
- CNA Takes Over Not-for-Profit Directors & Officers Liability Program
- BP Claims Payments Don’t Cover Fishing Season That Got Away
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