National News for October 2008
- Fatalities Up 50% in Animal-Vehicle Crashes
- Aon Reports 6% Revenue Boost in Q3
- AIG Pays Down Some of Fed Loan Using Other Government Program
- Ex-CEO Greenberg Warns AIG Running Out of Time to Be Saved
- Former Employees’ Skepticism Cited in Investors’ Lawsuit Against Lehman
- Hanover Insurance Posts Q3 Loss But CEO Sees Positive Trends
- Selective Insurance Posts Profit Despite Storm Claims, Investment Decline
- The Hartford’s Q3 Loss Reported at $2.6 Billion
- Amputee’s Case Asks If FDA Label Immunizes Drug Firms from Liability
- Ace CEO Says Insurers Wrong to Seek Taypayer Funds
- CEO of New Marsh Retail Agency Sees Lean, Nimble Operation
- Wall Street Marks Grim Anniversary of 1929 Crash
- Empathy, Communication Rank High in Auto Claims Satisfaction
- Web Site ‘Bridges’ Relationships Between Insurance Agents, Brokers
- FDIC Could Become Federal Insurance Regulator, Says Chief
- National – Rating Roundup: CNA, Horace Mann, Southland
- Berkley Records Q3 Loss; Sees New Units Benefiting from Market Turmoil
- Best Upgrades Darwin Group’s Ratings after Acquisition by Allied World
- Insurance Affordability: Three East Coast Regulators Weigh In
- Venbrook Establishes National Transportation Division
- A.M. Best, Moody’s Affirm CNA Ratings Following Loews Cash Boost
- Business Income And Dependent Property Coverage Rescues More Than Just Dairy Farmers
- Zurich Names Whitehead to Head Excess Casualty Unit
- Travelers, Chubb Protest U.S. Aid for Insurers; Life Insurers Welcome Help
- Survey: P/C Premiums Decline Again as Industry Enters ‘Uncertain Times’
- U.S. Treasury Mulls Aid Program for Life, Bond, Mortgage Insurers
- Loews to Inject $1.25 Billion Into CNA Insurance; CEO to Step Down Early
- AIG Names DeSantis President, CEO of Personal Auto Group
- Economic Downturn Presents Challenges for Title, Mortgage Industry
- Insurers to Pay $11.5 Billion in Q3 Catastrophe Claims
- Property/Casualty Insurers on Government Rescue Funds: No Thanks
- AIG Has Drawn $90.3 Billion of $123 Billion Government Loans
- Experts Warn Businesses of Financial Impact of Cyber Risk
- AIG Names Two to Lead Restructuring; Firm May Need More Cash
- Hurricane, Investment Losses Cut Into Chubb’s Q3 Profit
- How Employers, Agencies Are Responding to the Financial Crisis
- Marsh Forms Agency to Serve Small U.S. Businesses
- Liberty Mutual Serves Up Loss Control Unit for Insurance Agents, Buyers
- SEC’s Cox Calls for Closing Financial Services Regulatory Gaps
- Aon Consulting Names Longiotti as Central West Regional Director
- Venture Launches Coastal Property Coverage Under New Facility
- Risk Managers Report Price Softening Despite Cat Losses, Financial Crisis
- Lawmakers Blast Rating Agencies for Role in Financial Crisis
- Ratings: Hartford, Standard Casualty, American Road, Lawyers Mutual
- BRP, QBE Offer Packaged Liability Policy for Small, Mid-Sized Firms
- SEC Reports Big Jump in Enforcement Actions
- Texas Exec Named to The Council of Insurance Agents & Brokers Board
- Allstate Posts $923M Net Loss for Q3
- Antilock Brakes Could Save Motorcyclists, Says Insurance Group
- Travelers Takes Q3 Hit from Hurricanes
- Towers Perrin Sees P/C Insurer Surplus Decline of 8% for Q3
- Delaware Court Approves $115M Settlement with Former AIG Execs
- Travelers Soothes Investors; Cites Opportunities in AIG Debacle
- New York AG Confirms Pay Freeze for Ex-AIG Execs Sullivan, Cassano
- What Keeps Independent Agents Awake at Night? Commissions Just One of Several Concerns
- Fireman’s Fund, Leavitt Recreation Offer Campground Coverages
- U.S., New York Officials Probe Credit Default Swap Market
- DarwinPro Merger with Allied World a Done Deal
- Brown & Brown: Revenues Up Even as Insurance Prices Falling
- Survey: U.S. Firms Prepare for Rise in Litigation After Two Years of Declines
- Reputational Risk: Is It Time for Bankers to Risk an Apology?
- The Era of Re-Regulation is Upon Us
- AIG Environmental Enhances Pollution Legal Liability Coverage
- Annual Survey Lists Top 10 Ease of Doing Business P/C Insurers
- Lawmaker Wants Details on How AIG is Spending U.S. Loan
- The Hartford Closes on $2.5 Billion Investment from Allianz SE
- W.R. Berkley Estimates $41M Storm, $143M Investment Losses for Q3
- $18B National Flood Insurance Debt Does Not Add Up!
- AIG Agrees to to Recover Top Executives’ Pay, Cancel Conferences
- AIG Hires Firms to Advise on Sale of Assets Including Hartford Steam
- Drug Manufacturer Pfizer to Pay $894 Million to Settle Lawsuits
- Six Independent Agencies Named as Best Practices Top Performers
- New York AG Goes After AIG Exec Compensation, Event Expenses
- McGovern, Duggan Join National E&S Insurance Brokers
- Fitch: Insurers Face Mounting Pressure on Ratings Worldwide
- Bank Holding Companies’ Insurance Revenue Jumps 9.5%
- Top U.S. Lawmaker, Ex-SEC Chief Blast Lax Regulators
- W. R. Berkley Forms BerkleyPro; Benedetto Named President
- Aon Selling Auto Insurance Broker in California to Mercury General
- Wells Fargo Seeks to Block Citigroup Damages
- AIG Commercial Insurance Unit Financially Fit and Fighting Back
- House Leader Frank Vows to Regulate Credit Default Swap Market
- Law Firms Anticipate Boost in Business from Economic Crisis
- Ex-CEO Greenberg Urges AIG to Renegotiate $85B Loan or Perish
- AIG Has Drawn $70 Billion of Government Loan
- Lehman Failure Seen as Straw that Broke Credit Market, AIG
- Lehman Debt Auction Gives Clue to Potential Insurance Payouts
- AIG Crisis Highlights the Need for Insurance Professionalism
- Independent Agent 2.0: Branding Through Blogging and Beyond
- Greenberg: AIG’s Risky Subprime Activity ‘Exploded’ After He Left
- Insurers See Lower 3Q Income, S&P Revises Life Insurer Outlook
- Study Shows Unintended Consequence of 1st-Party Bad Faith Liabiity
- Is ID Theft Insurance Worth Recommending to Agency Clients?
- Reflections on the Fate of AIG
- Rating Roundup: Sedgwick, Penn Treaty (Subsidiaries), Aviva
- Wells Fargo Wins Battle for Wachovia; Citi to Seek Damages
- SEC Chief Cox Urges Congress to Regulate Credit Swaps
- Citi, Wells Fargo Extend Cease-Fire Over Wachovia Deal
- Former AIG Executives Draw Fire from U.S. Lawmakers
- Conning Research: Challenges Looming for Homeowners Insurance
- AIG’s CEO Says ‘Exec Retreat’ Not for Employees
- AIG Domestic Life Units Get $37.8 Billion Cash from Federal Reserve
- Travelers Aviation Adds New Coverages, Risk Control Services
- Satisfaction with Home Insurance Flat But Gains with Auto
- House Committee to Hold Hearing on AIG Bailout Today
- Pressure Rising for Tighter Regulation of Insurance, Financial Services
- AIG Had Early Warning from Government Regulators on Risk, Says House Chairman
- Why The Hartford Took a Hit on Wall Street
- Allianz Agrees to $2.5 Billion Investment in The Hartford
- Sullivan Group Forms Sullivan Brokers Wholesale Insurance Solutions
- S&P, A.M. Best Watching The Hartford’s Ratings
- Wachovia, Citi, Wells Fargo to Halt Litigation
- PWC Accounting Firm Reaches $97M Settlement with Ohio in AIG Case
- AIG in Talks to Sell Personal Lines; Transatlantic, Hartford Steam on the Block
- Best, S&P Keep Most AIG Ratings under Review/Negative
- As Financial Crisis Continues, Blame Game and Lawsuits to Begin
- AIG to Keep Its Commercial Property/Casualty Insurance, Sell Some Other Units
- In Focusing on Customer Retention, AIG Vows to Maintain Pricing Discipline
- Wells Fargo Agrees to Buy All Wachovia Operations; Citi Deal Off?
- Regulators Seek to Resolve Rival Citi, Wells Fargo Bids for Wachovia
- State Regulators See No Trickle-Down from AIG Parent to Insurance Units
- President Bush Signs $700 Billion Wall Street Bailout Bill
- Wall Street Looks to House After Senate Approves Rescue Measure
- AIG Soccer Team, Wachovia Arena Among Sponsorships with Identity Crisis
- Blues’ Study: Health Insurance Purchasing Groups Drive Up Costs
- First Guard Insurance Offers Coverage for High Value Tractors
- Investors Jittery After Sen. Reid Insurer Comment
- Willis Completes HRH Acquisition
- Toyota Develops Rear Window Air Bag
- Senate to Vote Tonight on Revised Wall Street Bailout with Tax Cuts
- Greenberg Seeks Chance to Bid on AIG Assets Put Up for Sale
- Real Estate Lawyers Face Rising Malpractice Claims
- Financial Crisis Spurs CFOs to Weigh Risk Management Practices
- Allstate Launches Brain Fitness Program to Improve Older Driver Safety
- P/C Insurers’ Net Income, Profitability Fall Sharply in First-Half 2008
- Insurance Institute for Highway Safety Says Booster Seats Not Doing Job
- Broker Uses AIG’s Problems to Create a ‘Super’ Product
- N.Y. Insurance Chief Would Vet Greenberg Bid for AIG Units
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