National News for March 2005
- S&P Lowers AIG Ratings to ‘AA+’; To Hold Conference
- High Court Allows ‘Disparate Impact’ Age Bias Suits
- National Safety Council Honors Liberty Mutual; Says on Workplace Issues, CEO Kelly ‘Gets It’
- New GAO Study: U.S. Needs Government Help to Insure for Catastrophes and Terrorism
- Hartoch in as Swett & Crawford CEO
- Berkshire Hathaway’s Buffett Responds to Press Reports Over General Re and Other Probes
- AIG Again Delays Filing of 10-K Annual Report; Discloses Details About Gen Re, Offshore, Starr Dealings
- Wake Up Call: Poll Reveals Millions of Americans Asleep at the Wheel, Even Too Tired for Sex
- Assurex Global Appoints Three Senior Executives
- Fitch Says P/C Views Record U.S. Catastrophe Losses in 2004, However Profitability Moves Up
- NationsBuilders Appoints Griggs to Senior Vice President
- Greenberg to Retire as AIG Chairman
- Copy of AIG Chairman Greenberg’s Retirement Letter
- Marema Joins Surety Association of America
- Bank Insurance Brokerage Fee Income Jumps 22% to Record $3.6 Billion
- St. Paul Travelers Sets Plan to Sell Stake in Nuveen
- Insurers Consider NAIC Broker Compensation Disclosure Amendment Overbroad
- PCI Announces Staff Hires, Promotions
- AIG Launches Real Estate Solutions Unit
- SEC Subpoenas as Many as 12 AIG Senior Executives in Probe
- ACE Forms Logistics Industry Practice Division
- Fireman’s Fund to Offer ID Theft Restoration Services
- Glencoe Acquires Savannah Re from Palmer & Cay
- S&P Takes MMC off CreditWatch; Affirms ‘BBB’ Rating, Negative Outlook
- Questions over AIG Accounting Mount; Restatements Reportedly Could Reach Billions; Delay in Annual Report Possible
- Amore to Serve as AIA 2005-06 Board Chairman
- Big ‘I’ Names Crane as Media Relations Manager
- Survey: Consumer Driven Health Plans Making Headway in U.S. Companies
- Chubb Creates Specialist Network for Customers
- New Zurich Endorsement Aims to Combine Coverages for Hospitality and Leisure Companies
- Alldredge Named to Coordinate Mutual Insurers’ State Advocacy Strategies
- Final WorldCom Board Member Settles
- Supreme Court Refuses to Reduce Smoker’s Award
- Lexington Offers New Property Terrorism Endorsement
- Filmmaking Becomes a Riskier Business
- InsurBanc Expands Its National Branch Delivery System
- ACE Appoints Brosnan as President of Casualty Division
- Leavitt Sells Interest in Leavitt Group
- Maryland’s NAIS Partners with GE Insurance Solutions for its Nationwide Innkeepers Program
- Marsh Co-President Resigns; Malloy Takes Over as President; Moyles to Lead North America Region
- Argonaut Group Announces Changes to its Board
- Survey: Nearly One-Third of Second Medical Opinions Result in Different Treatments
- Society of Insurance Research Announces Spring Workshop Series, May 11-13
- CPCU Society Weighs Self-Regulatory Option for P/C Industry to Help Restore Public Image Hurt by Brokerage Issues
- Brown Joins MarketScout
- PLUS Symposium: Greater Transparency Will Change the Way Industry Does Business
- Study Questions Whether Med-Mal Caps on Only Non-Economic Damages Reduce Total Awards
- Primary Group Buys New Age Program Administrator
- CNA to Sell Med-Mal Claims Service Division
- OneBeacon Launches New Web Site
- Business Leaders Warn of ‘Rolling Crisis’ As Federal Terror Insurance Program Nears Expiration
- Horton China Desk Offers U.S. Brokers an Option When Placing Coverage in China
- Democrats Hit Republicans for Delaying Terror Insurance Bill Renewal
- Marsh McLennan Names Erburu Non-Exec Board Chair
- IRMI Launches New Online Certification for Construction Risk Professionals
- A.M. Best Places AIG Ratings Under Review; Other Agencies Respond to Changes at the Top
- St. Paul Travelers Revamps Its Small Commercial Insurance Offerings
- National Web Portal for Insurance Regulatory Information Now Available
- Got Mold? Survey Says Consumer Concern Increases Regarding Mold in the Home
- Ace Reportedly Hit with 43 Subpoenas
- Regulators Name Consumer Liaison Reps for 2005
- CEO of Aon’s Insurance Wholesaler Swett & Crawford Leaves the Company
- AIA: House Hearing on Port Safety Offers Rationale for Extension of Federal Terrorism Insurance Backstop
- Berkley Announces 3-2 Stock Split; Dividend Increase
- HCC Holding’s CEO to Speak at Target Markets
- AIG Forms One-Stop Construction Insurance Unit
- NAMIC Supports NCOIL Against Proposed SOX Regs
- Delay Outlines TRIA Expectations for PCI Members
- Velasquez Named VP/Director of American Insurance Association’s State Affairs
- Chubb Redesigns Web site
- More Spitzer/SEC Fallout: AIG’s Greenberg Out; Sullivan Named CEO; Annual Report Delayed
- Four More Banks Settle Worldcom Claims
- AIA: Recent Security Breaches Increase Spotlight on Protection of Consumer Information for Insurers
- Insurer Trade Group Announces 2005 Legislative Agenda
- Labor Department Subpoenas Marsh & McLennan Over Benefit Services; Sale of MMC Capital Progresses
- Biker’s Choice of Motorcycle Reveals Taste in Body Art, Food and Employment Habits, Insurer Finds
- Lighthouse Expands Entertainment Program
- American Wholesale Insurance Group Adds Pritchard to Financial Risk Specialist Team
- OSHA Identifies 14,000 Workplaces with High Injury, Illness Rates; Letter Looks to Proactive Steps
- LexisNexis Reports Customer ID Theft
- Unions Oppose Efforts to Stretch Trucker Workday
- New House Bill to Extend TRIA Introduced as Deadline Looms
- DVUA Announces Management Reassignments
- Insurance Journal ‘How to Write’ Series Focuses on Medical Malpractice March 10
- NCOIL Reconsidering Crash Parts Model Act, Special Hearing Slated
- Key Items Still Need to be Resolved in NCOIL Claims History Info Use Model
- Veteran Marketer Launches Insurance Leads Firm
- Berkshire Hathaway Chairman Warren Buffett on Insurance Economics and 2004 Results
- NAMIC SOX, Loss History Positions Sway State Insurance Legislators; NCOIL Adopts Broker Compensation Model Act
- MarketScout: February Doldrums/Market Flat
- Levy, Waksman Promoted at Penn Independent
- Travelers Assists Employers Offering Auto, Home Insurance Benefit from Multiple Carriers
- Deals for $460M from Bank of America, $100M from 4 Underwriters Reached in Worldcom Case
- NCOIL Approves Revised Producer Compensation Disclosure Model Act
- ASCnet Unveils 2005 Calendar of Education Programs
- WSJ Report: Officials Probing AIG CEO Greenberg’s Role in Reinsurance Products
- NCOIL Task Force on Terrorism Backs TRIA’s Reinstatement
- Aon Settles Corruption Probe with 3 States for $190 Million; Complaint Cites Involvement of Top Execs
- Researchers Find Dust to be Primary Lead Poisoning Source; Develop New Tests for Children
- FEMA Encourages States to Implement Flood Training Program for Agents
- Aon Responds: Apologizes but Admits No Wrongoing; Notes No Criminal Charges Filed
- Bank of America Settles Worldcom Class Action
- ChoicePoint Reported to Have Had Previous ID Theft
- NCOIL Resolution Supports OSHA Ergonomics Guidelines; Hopes for Reduction in Workers’ Compensation Claims
- Feds Urge Improved Fire Safety at Nation’s Nightclubs in Report on 2003 Deadly Fire in R.I.
- Academy to Study High-Performance Agencies
- Liberty Mutual Opens First On-Shore Rent-A-Captive
- Chubb Offering Travel Accident Policy in 12 More Areas
- Liberty Mutual Group Sees Net Income Rise
- Arson Rate Reported at Historic Low
- General Re Under Scrutiny for Reinsurance Dealings with Failed Virginia Liability Reciprocal
- Target Markets Plans Program Benchmark Survey
- MMC Downsizing Plan Includes Dropping ‘Unprofitable’ Marsh Accounts But Not Selling Putnam or Mercer
- Beazley Opens Up Shop in U.S. for Specialty Lines
- Nonprofits’ Panel Urges Enhanced Oversight of Charities, Increased Transparency
- Lexington Launches Tax Interruption Coverage
- U.S.I. Holdings Reports on Busy 2004, Cites Plans to Lower Expenses and Boost Profitability in 2005
- Marsh Mac Reports 4th Quarter Loss; Says Restructuring Plan Could Affect 2,500
- Willis Forms Agri-Business Practice
- Homeowners Insurance Costs Up by 2.5% in 2005; Smallest Increase in 6 years
- ACE USA Unveils Online Platform for Contractors Pollution Liability Coverage
- Drivers Dialed Into an Accident’
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