National News for June 2008
- Chinese Fund Manager Pays $2.1 Million for Buffett Lunch; Tip Included
- High-Profile U.S. Trial Lawyer Scruggs Sentenced to 5 Years
- Condo Insurance Requirements Not Cookie-Cutter
- Stephenson Named COO of ISO
- Markel American Introduces Renter’s Protection Insurance
- Allied World Assurance to Acquire Darwin Professional Underwriters
- Reagan Joins Aon Construction Group, Focusing on Europe, Asia
- NIF Goes Beyond Insurance With Advisory Services for Nonprofits
- N.Y. Governor Supports Easing Rules for Foreign Reinsurers
- Typical Couple Needs $85K to Pay for Long Term Care Insurance
- Flood Insurance, Public Aid Leave Gaps for Midwest Disaster Victims Looking to Rebuild
- Nationwide Insurance Pushes to Include Flood Coverage in Home Policies
- UAI Taps DeGraw as V.P. Professional Liability for Diamond State
- AIG Decides to Hang Onto and Grow Aircraft Leasing Unit, ILFC
- N.Y. Appeals Court: Contingent Commissions Not Illegal
- Insurers, Tech Firms, Consumers Agree on Electronic Health Record Rules
- States Back House Holocaust Insurance Act
- Hurricane Chief: Funds, Research Can Improve Hurricane Forecasting
- Everest Opens Up Distribution of its Environmental Insurance Products
- Home Insurers Bitten by $350M in Dog Claims; Average Claim Tops $24K
- Captive Ratings: American Road, First Beacon, Toyota Motor, Agrinational
- Ratings: Old Republic Group, Clarendon, Associated Gen’l. Contractors, ECM, Bankers, Titan, Cumberland
- P/C Insurers’ Underwriting, Investment Results Deteriorate in First Quarter
- Fleischman Joins Phoenix as Division President; Roberts Joins as EVP
- Supreme Court Rules $2.5 Billion Exxon-Valdez Damages Excessive
- AIG Introduces Public Entity, Trustee Protector Coverage
- Strengths and Weaknesses, Part 1: What Agents Think of Regional, National P/C Insurers
- Arrowhead General Insurance Agency Offers Motorcycle Coverage
- ICW Offers DIC Program for Condo & Homeowner’s Associations
- New Consortium Plans Strategies to Combat Medical Fraud
- Feds Extend Reporting Time for Crop Insurance in Flood Areas
- Demotech, IJ Salute 152 Super Regional P/C Insurers
- Report: Workplace Injuries Unreported
- U.S. Scientist Urges Emmissions Tax to Cut Greenhouse Gasses
- Best Affirms Markel’s ‘A’ Ratings
- OneBeacon to Acquire California’s Entertainment Brokers
- Insurance Agents Advised to Learn from Professional Employer Organizations
- Specialty Underwriters Reports Acquisition Offer from Hallmark
- U.S. Medical Device Makers Fear Rise in State Lawsuits
- Lockton Affinity Names Ziegler Chief Operating Officer
- Feds Warn 16 Mining Companies over Safety Issues
- MBIA Says Moody’s Downgrade May Force $7.5 Billion in Payments
- Nursing Homes Battle to Retain Mandatory Arbitration Clauses
- Ratings: Argonaut, MAPFRE (Fla.), Pekin, Penn National, AXA Art, Tennessee Farmers, ALPS, BancInsure
- Oracle to Buy Another Insurance Software Maker: Skywire
- Despite Slowed Economy, Employee Benefits Remain Stable in 2008
- HCC Forms Earthquake Division and Crime Coverage Bond Unit
- Reinsurers Wary of Low Returns, Reserving Trends, Storms to Come
- Parents Sue Companies Over Baby Bottles
- Maryland Court Wrong in Condo Ruling
- Judge Approves $11M Settlement in Virginia Tech Shootings
- Supreme Court Says Conflict Exists in MetLife Benefits Case
- ACE USA Launches Supplemental Property Coverage
- Chubb Announces Executive Promotions
- XL Insurance Adds New Green Building Product
- McCarthy to Lead Willis’ Construction, Real Estate Claims
- Ratings Roundup: Agri-Business, Vantapro, Sooner, Intrepid, Columbia
- PCI Hires Gordon as Senior VP of Policy Development and Research
- Analyst Sees U.S. Insurers’ Q2 Hurt by Flood Claims
- McCain, GOP Governors Split Over Disaster Fund
- Flood Damage Not Limited to ‘Flood Zones’
- Feds Hire More than 300 New Coal Mine Inspectors
- Best Lowers Some AIG Ratings; Comments on Management Changes
- S&P: Pros And Cons of a U.S. Federal Natural Catastrophe Backstop
- AIG Ex-CEO Severance Seen As High As $68M
- Trade Group Names Senior Vice President, Policy Development
- The Hartford, Whalen Insurance Offer Brew Pub Program
- U. S. Department of Agriculture Mulls Over Options on Midwest Flood Aid
- AIG Chief Sees ‘No Sacred Cows’ in Turnaround Plan
- Insured Property Value in Hurricane-Prone States to Double in 10 Years
- Insurers Could Be Hit by U.S. Midwest Crop Loss Claims
- U.S. Risk Offers In-Store Medical Clinic Coverage
- Bank Insurance Brokerage 1Q Earnings Hit Second-Highest Level Ever
- Willumstad Replaces Sullivan as AIG CEO
- Travelers Hires Woodward
- Feds to Require Airtight Refuge Chambers in All Coal Mines
- Survey: Despite Need Only 17% of Americans Have Flood Insurance
- Ratings: Commerce, Aspen, Med Mutual, Kodiak, Hermitage, ProAssurance, US Liability, Provident, Hereford, Polish Roman
- Best Affirms Berkshire Hathaway’s Homestate ‘A++’ Ratings
- AMS Parent Vertafore to Acquire Licensing, Compliance Vendor Sircon
- S&P Comments on Potential Impact of Ambac, MBIA Downgrades
- Philadelphia Cos. Launches New Apartment Product
- Fitch: U.S. P/C Industry Shifts To Modest Underwriting Loss In 2008
- State Insurance Regulators Lend Conditional Support to Federal Office
- Best Affirms Am Trust Group Ratings; Revises Outlook to Positive
- Best Affirms Hanover Group’s Ratings
- Judge Rules for Insurer Allianz in WTC Subrogation Dispute
- Travelers Promotes MacLean to President
- U.S. Risk Promotes Schwartz, Hobbs
- Analysts: Insurers Equipped to Weather Subprime Mortgage Crisis
- Ratings: Willis, Erie, Farmers-Flemington, Am. Resources, Am. General, Stnd. Mutual, Wisconsin County
- Midwest Flooding Forces Evacuations, Bridge Closings, Business Shutdowns
- Mold: Underwriters Endorsing CGL to Remove Coverage
- Food Safety Fears Rising in U.S. as Tomatoes Become Latest Scare
- AmWINS Introduces Commercial Auto, Trucking Programs
- Navigators Group Launches Umbrella Unit; Jonas Named V.P.
- HSB InSight Addresses Inadequate Business Property Valuations
- As Gas Prices Soar, Drivers Urged to Seek Insurance Rate Relief
- S&P: Investment Opportunities Still Exist For Insurers, Despite A Troubled Market
- Liberty Mutual, Negley Offer Behavioral Health Care Agency Package
- S&P Lowers Willis Ratings to ‘BBB-‘; Outlook Negative
- Ratings Roundup: Commerce, So. Carolina Farm Bureau, Employers Re, American Sterling
- U.S. Supreme Court to Hear Philip Morris $79M Damages Appeal
- AIG Offers Pollution Liability Insurance for Contractors
- Hispanic Workers Have Higher Risk of Death on the Job
- Willis Buying HRH for $2.1 Billion; Conference Call Today
- Crane Industry Groups Push for National Standards
- Study: Teen Drivers Often Ignore Bans on Using Cellphones and Texting
- Safeco Teen Driver Program Rolled Out Nationwide
- Willis Sees Deal to Buy HRH Raising U.S. Revenue
- U.S. Risk Relocates Lighthouse Programs; Mordarski Named Manager
- Fireman’s Fund Offers Green Auto Insurance for Commercial Fleets
- Domestic Workers Organizing, Suing to Win Workplace Benefits
- Court Affirms AIG Must Give Ex-CEO Greenberg Access to Files
- Ratings: Mercer, Hallmark, Auto Club, Southern States, Meadowbrook, Iron Horse, Courtesy, Alabama Muni, Am. Millers
- Max Specialty Acquires Guaranty Casualty to Write Admitted Business
- Analysts: U.S. Insurers Sitting with Excess Capital Face Rocky Road
- Final Call: Rate Your Regional vs. National Insurers
- Hanover Extends School Insurance Program to 4 More States
- Swett & Crawford Introduces Claims Dispute Coverage
- Insurance Commissioners Aim to Alleviate Insurance Misperceptions
- HRH Promotes Crowley to New Role as President, Chief Operating Officer
- U.S. Lawmakers Question Regulators on Vehicle Roof Strength Rules
- House Panel to Hear Federal Insurance Office Proposal June 10
- Study: Businesses Making Early Offers for Injury Claims Save
- Liberty Mutual-Safeco Deal Clears Antitrust Hurdle
- SignagePro from NIP Programs Targets Sign and Display Industry
- HSB Offers Data Compromise Coverage for Small to Mid-Size Firms
- States Allow Firms Purchased by Aon to Phase-Out Contingent Commissions
- FEMA Draft Plan Revisits Use of Trailers for Disaster Victims
- Colorado Researchers Predict 8 Atlantic Hurricanes, 4 Major
- Fitch Affirms State Farm’s ‘AA+ Ratings; Stable Outlook
- Best Affirms Travelers ‘A+’ Ratings
- The Hartford, Allianz, Aflac Named Among World’s ‘Most Ethical’ Firms
- How Hartford-Progressive Alliance for Banks Works
- Property Casualty Insurers Association Hires Sr. VP of Public Affairs
- Insurers Blast Insurance Regulators as Closed to Open Dialogue
- RMS Launches New U.S. Hurricane Loss Index
- Survey: Nearly Half of Americans Unprepared for Disasters
- HRH Risk Consultant Authors ‘Idiot’s Guide’ to Students’ Safety on Campus
- U.S. Class Action King Weiss Sentenced to 30 Months in Jail
- U.S. Risk Names Stanislaw to Manage StaffPak Program
- Burns & Wilcox Launches Green Impact Products
- Agents and Brokers: Rate Your Regional vs. National Insurers
- Why Cell Phones and Driving Don’t Mix
- MetLife to Split Off Its 52% Stake in Reinsurance Group
- State Insurance Regulators Approve Municipal Bond Credit Rating Reform
- Ratings Recap: Safe, Philadelphia, Premier, Starr Indemnity, Hanover, LUBA, Premier, American Underwriters
- S&P Keeps Nationwide on CreditWatch
- Insurance Commissioners, Fireman’s Fund Execs Address Climate Change
- Highway Crash Injuries in U.S. Continue to Decline Every Year
- U.S. Judge to Sentence Class Action King Weiss
- U.S. Court Approves Pet Food Maker’s $24 Million Lawsuit Fund
- Diorio, Majsak Named to Top Posts at General Star
- Chief Financial Officer Bartley Leaving Marsh & McLennan
- New IMARC Data Score Rates Insurers’ Hurricane Risk Assessment
- PPIB Offers Cosmetic Products Liability Program
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