Business Insurance articles from April 2004

Business Insurance archives from April 2004

Incoming president giving something back to RIMS; Chambers' history with the society began with a tip from her broker.(San Diego RIMS 2004)(Nancy L. Chambers)(Risk & Insurance Management Society Inc.)
April 5, 2004... Byline: MICHAEL BRADFORD Nancy L. Chambers' path to the presidency of the Risk & Insurance Management Society Inc. began as an unmarked trail. Knowing little about the organization, she "fell into it'' by taking the advice of a broker...

RIMS focused on meeting members' needs.(San Diego RIMS 2004)(Risk and Insurance Management Society Inc.)
April 5, 2004... Byline: MICHAEL BRADFORD Leaders of the Risk & Insurance Management Society Inc. asked themselves some tough questions over the past year to sharpen the society's focus on providing meaningful services to its members. Lance J. Ewing,...

Structure, spirit key to chapter's success; Fun a focus of RIMS' San Diego chapter.(San Diego RIMS 2004)(Risk and Insurance Management Society Inc.)
April 5, 2004... Byline: ROBERTO CENICEROS Ask members what makes the San Diego chapter of the Risk & Insurance Management Society Inc. a success, and two factors emerge. One is the chapter's reliance on about a dozen committees. The committees handle...

There's plenty to see in San Diego's communities.(San Diego RIMS 2004)
April 5, 2004... Byline: ROBERTO CENICEROS The San Diego Convention Center's proximity to the Gaslamp Quarter helps make the city a great conference destination. San Diego's historic Gaslamp district is a thriving, 16-block area of renovated...

Spencer Educational Foundation 2003 donors.(San Diego RIMS 2004)(Risk and Insurance Management Society Inc. administers program)(scholarships and grants for student internship and risk-manager-in-residence programs)
April 5, 2004... Now in its 25th year, the Spencer Educational Foundation is providing more financial support than ever to students in risk management. The foundation issued scholarships and grants totaling $500,000 in 2003 to both undergraduate and...

RIMS expecting increased attendance at its annual conference and exhibition.(San Diego RIMS 2004)(Risk and Insurance Management Society Inc.)(discussion topic focus on California workers compensation market)
April 5, 2004... Byline: GLORIA GONZALEZ Sun, fun and hot topics such as California workers compensation are all on the agenda for the Risk & Insurance Management Society Inc.'s 2004 Annual Conference & Exhibition in San Diego April 18-22. RIMS is...

Popular sessions return to meeting.(San Diego RIMS 2004)(Brief Article)
April 5, 2004... Byline: Gloria Gonzalez Some sessions never get old. Although the Risk & Insurance Management Society Inc.'s conference programming committee updates the agenda every year to address the latest issues and trends, some old favorites are...

Golfers to tee up in San Diego to help Spencer Foundation.(San Diego RIMS 2004)
April 5, 2004... Byline: Joe Walker After a cold outing last year in Chicago, the Annual Spencer/Gallagher Golf Tournament should get a warmer welcome in San Diego. Still, despite the improved climate, tournament spots have not been disappearing as...

Check out the Web before heading to San Diego.(San Diego RIMS 2004)
April 5, 2004... Before planning your trip to San Diego and the Risk & Insurance Management Society Inc.'s 42nd annual conference, you may want to check out these handy Web sites. The San Diego Convention and Visitors Bureau, www.sandiego.org, offers a...

Risk of inclement weather low in San Diego in April.(San Diego RIMS 2004)(upcoming conference of Risk and Insurance Management Society Inc.)(Brief Article)
April 5, 2004... Byline: Amy Kepka Beautiful, mild, near-idyllic, paradisiacal... San Diego is well known for its wonderful weather. And that should hold true for the time the city plays host to the Risk & Insurance Management Society Inc.'s Annual...

Vast array of appealing options awaits visitors in Balboa Park.(San Diego RIMS 2004)(Risk and Insurance Management Society Inc.)(San Diego park is a destination for conference attendees)
April 5, 2004... Byline: MATT SCROGGINS In San Diego, a walk in the park can become a journey through time, an art history lesson or even a safari. Balboa Park, which occupies roughly 1,200 acres in the heart of San Diego, is a lush expanse that...

San Diego offers diners eclectic menu of restaurants.(San Diego RIMS 2004)(restaurant destinations for conference attendees)(Risk and Insurance Management Society Inc.)
April 5, 2004... Byline: MATT SCROGGINS and ROBERTO CENICEROS Hungry visitors to San Diego should be able to find something to suit just about every taste. With hundreds of restaurants featuring cuisines from around the world--and several emphasizing the...

Take a look under the sea at the aquarium; Birch Aquarium at Scripps.(San Diego RIMS 2004)(Risk and Insurance Management Society Inc, destination for conference attendees)(Birch Aquarium at Scripps Institution of Oceanography)
April 5, 2004... Byline: ROBERTO CENICEROS If you found yourself dazzled by the ocean world in "Finding Nemo,'' then the Birch Aquarium at Scripps is certain to mesmerize you with real marine life whose color rivals the animated screen version. More...

A few keys to seeing animal attractions.(San Diego RIMS 2004)
April 5, 2004... Byline: Matt Scroggins In addition to featuring a host of museums and other cultural attractions, San Diego's Balboa Park is home to the city's most famous residents. Their digs? The San Diego Zoo's Giant Panda Research Station, where...

Exhibitor list.(San Diego RIMS 2004;Risk & Insurance Management Society Inc.)(Brief Article)
April 5, 2004... The Risk & Insurance Management Society Inc. 2004 Annual Conference & Exhibition takes place in San Diego April 18-22, and more than 450 exhibitors are expected to take part. Exhibitors will include insurance and reinsurance companies, brokers,...

Raising funds main goal of hockey game.(San Diego RIMS 2004)(Brief Article)
April 5, 2004... Byline: Joe Walker For conference goers who prefer pucks to putts, the annual Spencer Cup hockey game will be played April 18 at the San Diego Ice Arena, located at 11048 Ice Skate Place. Once again, Team Canada and Team U.S.A. will...

Tennis event aims to serve Spencer right.(San Diego RIMS 2004)(Brief Article)
April 5, 2004... Byline: Mary B. Nick Tennis players will once again be able to show support for risk management education through their participation in the Spencer/Logic Tennis Tournament in San Diego. The 10th annual tournament will begin at the...

Restaurants by cuisine.(San Diego RIMS 2004)(Directory)
April 5, 2004... American The Brigantine Broken Yolk Cafe Cafe 222 Cheese Shop Restaurant & Delicatessen Corvette Diner Crest Cafe Crush Dick's Last Resort Harbor's Edge Hash House A Go Go Hazelwoods on the...

Restaurants by locale.(San Diego RIMS 2004)(Brief Article)(Directory)
April 5, 2004... Balboa Park The Prado Restaurant Carlsbad California Bistro Neimans Coronado The Brigantine Coronado Boathouse 1887 Restaurant L'Escale Peohe's The Prince of Wales Rhinoceros Cafe & Grill ...

Restaurants by cost.(San Diego Risk and Insurance Management Society Inc 2004)(Brief Article)(Directory)
April 5, 2004... Cost is based on the average price of dinner for two including gratuity and a bottle of wine. Under $25 Bahia Cafe Broken Yolk Cafe Cafe 222 Canes Bar & Grill Cheese Shop Restaurant & Delicatessen Ciro's...

RIMS heads to Philly for 2005 event.(San Diego RIMS 2004)(Risk & Insurance Management Society Inc.)(Brief Article)
April 5, 2004... In 2005, the Risk & Insurance Management Society Inc. Annual Conference & Exhibition will head east. Next year's conference is scheduled to be held April 17-21 in Philadelphia. Future RIMS conferences are: * RIMS 2006 in Honolulu,...

San Diego offers varied choices for dining.(San Diego RIMS 2004)(restaurant guide for attendees of Risk and Insurance Management Society Inc. conference)
April 5, 2004... Business Insurance's guide to selected restaurants in the San Diego are was compiled by Carrie Brittain. A Alambres 756 Fifth Ave., San Diego 619-233-2838; Fax: 619-234-2326 Atmosphere: Casual dining experience. Cuisine:...

Walk-run has overarching goal: support for Spencer Foundation.(San Diego RIMS 2004)(Brief Article)
April 5, 2004... Byline: Mary B. Nick According to the organizers of this year's Spencer/Aon Bayfront Boogie 5K Walk-Run, participants in the annual charity event could find themselves in some unusual company along the racecourse in San Diego. If...

Much has changed since last San Diego conference.(San Diego RIMS 2004)
April 5, 2004... Byline: REGIS COCCIA A great deal has changed for risk managers in the six years since the Risk & Insurance Management Society Inc.'s Annual Conference & Exhibition was last held in San Diego. Take, for example, the insurance market....

San Diego development adds to allure since city last hosted RIMS conference; New construction adds to downtown's vibrancy while retaining link with the past.(San Diego RIMS 2004: Risk and Insurance Management Society, Inc)
April 5, 2004... Byline: ROBERTO CENICEROS San Diego has undergone some changes since hosting the Risk & Insurance Management Society Inc.'s annual conference six years ago. Yet California's second-largest city still maintains its beauty, charm and...

Products & Services; Online risk tool assesses real estate risks.(News)(Protective Countermeasures & Consulting Inc.,)(Security Management by Assessing Risks )
April 5, 2004... WHITE PLAINS, N.Y.-Protective Countermeasures & Consulting Inc., a security company specializing in threat and vulnerability assessment services, has launched an online risk evaluation tool for the commercial real-estate industry. The...

Injury results in major lesson; American Society of Safety Engineers.(News)
April 5, 2004... Byline: MICHAEL BRADFORD NEW ORLEANS-While it was a minor accident that caused Bechtel Corp. to reassess everything it believed about workplace safety, what the company learned from that incident could provide lessons for other employers...

Between the Lines; Climber taking coverage to new heights.(News)
April 5, 2004... Byline: Compiled by Joanne Wojcik As Seattle mountaineer Ed Viesturs makes his sixth assault on the 29,028-foot summit of Mount Everest this week, he won't be using bottled oxygen, but he will be protected by accident and health coverage...

BI daily to cover RIMS conference.(San Diego RIMS 2004)
April 5, 2004... Business Insurance is expanding its coverage of the annual Risk & Insurance Management Society Inc. conference. BI will publish a new show daily edition for attendees of RIMS' 2004 Annual Conference and Exhibition in San Diego next month....

Reserve statements give best possible forecast; Ask a Casualty Actuary.(Perspectives)(statement of actuarial opinion)
April 5, 2004... Byline: Richard E. Sherman Q: How much confidence should be placed in the insurer loss reserve opinions signed by casualty actuaries? A: The statement of actuarial opinion, or SAO, provides the public with the assurance that a highly...

Guaranty fund must cover claims by commercial policyholders.(International)
April 5, 2004... Byline: SARAH VEYSEY LONDON-The U.K. policyholder guaranty fund should pay commercial policyholders' claims in addition to its traditional role as a safety net for individual policyholders, the nation's highest court confirmed late last...

Book review; Book a valuable resource on U.K. insurance law.(Perspectives)(Insurance Disputes)(Book Review)
April 5, 2004... Byline: Carolyn Aldred "Insurance Disputes'' Edited by Rt. Hon. Lord Justice Mance, Iain Goldrein and Robert Merkin LLP Professional Publishing Mortimer House, 37-41 Mortimer St. London W1T 3JH, England ...

Legal briefs; Computer virus release an 'accident' under policy.(Perspectives)
April 5, 2004... An alleged invasion by a hacker into an insured business' computer system and the release of a virus that caused the system to fail was an "accident'' for purposes of coverage under a business insurance policy, according to the Court of Appeals...

500 attend conference; American Society of Safety Engineers.(News)(Brief Article)
April 5, 2004... NEW ORLEANS-The challenges of achieving world-class safety were on the minds of around 500 people attending a seminar last month sponsored by the American Society of Safety Engineers. The society held its Achieving World-Class Safety...

LETTERS TO THE EDITOR; RIMS ready to answer call for TRIA renewal push.(Opinions)
April 5, 2004... To the editor: The Risk & Insurance Management Society Inc. will answer the call to play a key role in determining the Terrorism Risk Insurance Act's fate as charged in "Efforts to Renew TRIA Begin'' in your March 22 issue. The leadership that...

Change in ownership hits treaty; Reinsurer seeks to trim American Centennial obligation.(News)
April 5, 2004... Byline: DOUGLAS McLEOD NEW YORK-A unit of Gerling Global Re has asked a federal court to affirm an arbitration award cutting its reinsurance obligations to a U.S. insurer in runoff to reflect the impact of the insurer's acquisition by...

Benefits directory deadline nears.(News)
April 5, 2004... Business Insurance will publish its online Directory of Employee Benefit Consultants and Benefit Outsourcing Providers in conjunction with the May 31 issue. That issue will include a Benefits Management Take-Out section on benefits consulting...

BI adds to sales staff with West Coast hire.(News)(Business Insurance)(Brief Article)
April 5, 2004... Business Insurance has added to its West Coast sales staff. Laura Booth has joined the magazine as a district manager based in Irvine, Calif. Ms. Booth will be responsible for advertising sales on the West Coast, the mountain states...

Health care needs innovators; Employers Council on Flexible Compensation.(News)
April 5, 2004... Byline: JOANNE WOJCIK WASHINGTON-Large-deductible health plans and health savings accounts are just the beginning of the move toward consumer-driven health care, according to an economist researching the nation's health care system. ...

Broad support for regulatory reform proposal; Legislation to be drafted.(News)
April 5, 2004... Byline: MARK A. HOFMANN WASHINGTON-A key lawmaker hopes to move quickly on federal legislation intended to improve the quality of state insurance regulation. The legislation, which has yet to be drafted, would retain state oversight...

Keep state reform on course.(Opinions)
April 5, 2004... A PROPOSED "road map'' to insurance regulatory reform from members of Congress is a welcome development in the seemingly endless struggle to improve the current system of state regulation. We praise this effort at improving the regulatory...

Standard requires fuller accounting of insurer finances.(International)
April 5, 2004... Byline: SARAH VEYSEY LONDON-An international accounting standard for insurers and reinsurers is expected to bring greater transparency and comparability to those companies' accounts. The International Accounting Standards Board last...

Hard sell for new benefit plans; Employers Council on Flexible Compensation.(News)
April 5, 2004... Byline: JOANNE WOJCIK WASHINGTON-Employers face an uphill battle persuading their employees to accept consumer-driven health care because employees are understandably skeptical due to the failure of managed care, benefit communication...

U.S. under pressure to enact stronger work safety standards; American Society of Safety Engineers.(News)
April 5, 2004... Byline: MICHAEL BRADFORD NEW ORLEANS-Safety standards in the United States are lagging behind those set by other countries, and the United States is feeling some pressure to catch up, according to a union safety official. The United...

HSAs set new standard of plan; Employers Council on Flexible Compensation.(News)(Health savings accounts)
April 5, 2004... Byline: JOANNE WOJCIK WASHINGTON-Health savings accounts tied to high-deductible health plans will become the next generation of consumer-driven health plans, one benefit expert predicts. And because they are portable, they may also...

Harkin seeks employer input on cash balance conversions.(News)
April 5, 2004... Byline: JERRY GEISEL WASHINGTON-A letter sent to employer and participant groups by a U.S. senator who is influential on cash balance plan issues could be the first step to resolving the legal status of by the plans. Sen. Tom Harkin,...

Editorial: New rules make HSAs more attractive.(Opinions)(Editorial)
April 5, 2004... WILL HEALTH SAVINGS ACCOUNTS linked to high-deductible insurance plans do a better job of controlling costs than more-traditional designs? The answer to that question won't be known for several years, but we do know that new guidance from...

ECFC event attracts 300; Employers Council on Flexible Compensation.(News)(Brief Article)
April 5, 2004... WASHINGTON-Nearly 300 health plan sponsors and administrative service providers attended the 2004 Employers Council on Flexible Compensation Annual Conference, held March 25-26 in Washington. During this year's conference, new officers were...

World Updates; Bahrain eases rule on foreign brokers.(International)
April 5, 2004... The Bahrain Monetary Agency late last month lifted a requirement that foreign brokers and loss adjusters have local partners. In a statement, H.E. Shaikh Ahmed bin Mohammed Al Khalifa, governor of the BMA, said the move was intended to...

Errors & omissions.(News)(Correction Notice)
April 5, 2004... * Due to a production error, an article in the March 29 issue incorrectly reported that Opes Group L.L.C. manages six small physician-owned captives. None of the six captives is physician owned. * Due to an editing error, an article in the...

Feds give health savings accounts a boost; New guidance resolves many employer questions.(News)
April 5, 2004... Byline: JERRY GEISEL WASHINGTON-Treasury Department and Internal Revenue Service guidance issued last week resolves several key concerns employers and others have raised about health savings accounts, with government officials pledging...

Brake applied to recall cover; Exit forces auto parts industry to shift gears.(News)
April 5, 2004... Byline: CAROLYN ALDRED As automobile manufacturers increasingly require their component suppliers to bear the risk of recalls due to product defects, many suppliers are carrying this massive exposure without insurance. Product recall...

Company accuses investigators of bias in Australian probe.(International)
April 5, 2004... Byline: ELIZABETH FRY SYDNEY, Australia-The Commission of Inquiry into the asbestos compensation fund set up by James Hardie Industries N.V. has become steeped in controversy even before the formal hearing begins this week. James...

Workers comp reform gaining momentum in several states.(News)
April 5, 2004... Byline: ROBERTO CENICEROS Reform movements are under way in several states as employers seek to change benefit delivery systems that they blame for high workers compensation costs. Most of the states where employers are urging such...

Near North owner Segal preparing defense; Legal team argues that no insurers were harmed by alleged fund deficit.(News)
April 5, 2004... Byline: SALLY ROBERTS CHICAGO-Near North Insurance Brokerage Inc. and its owner, Michael Segal, had no intent to defraud anybody because no insurer suffered any loss due to Near North's alleged premium fund trust account deficit, Mr....

Lloyd's underwriters waived right to agree to WTC terms: Broker; Testimony contradicts claim underwriters bound by 'Wilprop'.(News)
April 5, 2004... Byline: DOUGLAS McLEOD NEW YORK-Lloyd's of London underwriters waived their right to agree to policy wording on the World Trade Center property insurance placement, and their binders are not governed by a Willis Group Holdings Ltd. form...

House OKs pension bill; Funding reform compromise passes by wide margin.(News)(Pension Funding Equity Act)
April 5, 2004... Byline: Jerry Geisel and Gavin Souter WASHINGTON-The House of Representatives on Friday passed a stop-gap pension funding reform bill, one day after House and Senate conferees adopted the compromise measure. The Pension Funding Equity...

Late News; Gray team predicts active hurricane season.
April 5, 2004... The Atlantic basin's 2004 hurricane season will see a total of 14 named storms, eight of which will become hurricanes, according to projections by the hurricane forecast team at Colorado State University. The Atlantic hurricane season begins...

Path to promotion not always through classroom; Ask a Risk Manager.(Perspectives)
April 12, 2004... Q: With all the educational options available today, what educational strategies should risk managers use to optimize their careers? A: Money, power and fame. These are three usually unspoken but often-sought-after things in life that...

Errors & omissions.(Corrections)(Correction Notice)
April 12, 2004... * Based on erroneous information supplied to Business Insurance, a March 29 article incorrectly stated that Resources for Living, an employee assistance program provider, was founded by Sam Walton, the founder of Wal-Mart Stores Inc. RFL is a...

Iraq violence adds risk; Accident cover hardens as tension escalates.(News)
April 12, 2004... Byline: PETA MILLER LONDON-Personal accident coverage for civilians working in Iraq is growing more expensive and restrictive following a surge in violence over the past several weeks. Insurers are becoming increasingly cautious...

Canada mulls M&A change; Government reviewing policy on big bank/insurer deals.(News)
April 12, 2004... Byline: GLORIA GONZALEZ OTTAWA-Canadian risk managers are divided on whether they would benefit from a proposal to lift a federal ban on mergers between large banks and insurance companies. While some risk managers say such...

School rule's a joke, but no one's kidding.(Commentary)
April 12, 2004... Byline: Dave Lenckus Junior came home from school the other day with a fascinating story. Nothing unusual about that, per se. Junior often regales me with accounts of his exploits at school. But he broke new ground when he passionately...

Comings & Goings.(News)(insurance industry)
April 12, 2004... Insurers New York-based Mutual of America Life Insurance Co. has made two senior-level appointments. JoAnn McGrane has been named senior vp, marketing. Previously, Ms. McGrane was senior field vp, national accounts. James...

Injury at tournament of client ruled compensable.(Perspectives)
April 12, 2004... An employee injured while golfing at a tournament sponsored by the employer's client did not forfeit workers compensation benefits, according to the Missouri Court of Appeals. Kenneth Graham worked for La-Z-Boy Chair Co. as a supervisor...

Hard market, soft losses fuel $3.38 billion profit at Lloyd's of London.(News)
April 12, 2004... Byline: SARAH VEYSEY LONDON-Lloyd's of London reported a marketwide profit of L1.89 billion ($3.38 billion) for 2003, as insurers in the market continued to benefit from higher rates. The 2003 result was more than double the L834...

World Updates.(International)
April 12, 2004... Zurich names execs of Global Corporate unit Zurich Financial Services Group has named a management team for its Global Corporate business unit. The unit is headed by Geoff Riddell, who previously was CEO of the insurer's general business in...

DC plan participation low: Study; U.K. employers taking steps to boost enrollment.(International)(defined contribution )
April 12, 2004... Byline: SARAH VEYSEY Employee participation in defined contribution pension plans is relatively low in the United Kingdom, despite the growing popularity of such plans among U.K. employers, according to a survey. The survey of 233...

Workers comp surcharge for terrorism risks sparks debate.(News)(workers compensation)
April 12, 2004... Byline: ROBERTO CENICEROS Several states are disputing American International Group Inc.'s method of calculating rates for terrorism exposure under workers compensation policies, charging that the insurer's approach leads to excessive or...

Defined benefit plans frozen; Aon Consulting finds 21% of reviewed plans affected in 2001-03.(News)
April 12, 2004... Byline: VINEETA ANAND More than 20% of corporations have frozen their defined benefit plans, and many others are expected to follow suit. The definition of a "frozen'' pension plan is fuzzy. Some companies consider their plans frozen...

In for a penny, in for a pound.(News)(Column)
April 12, 2004... Byline: Paul Winston I miss the good old days, when people's diets were their own business; unless they insisted on eating sauerkraut in the office, in which case it pretty soon became everyone else's business. But I digress. These...

Pension change overdue.(Opinion)
April 12, 2004... CONGRESSIONAL PASSAGE last week of a stop-gap pension funding measure, while critically important, is only a first step on the path to fundamental reform of the nation's pension rules. The importance of the bill legislators passed last week...

Investment returns boost funding level of pension plans.(News)
April 12, 2004... Byline: JERRY GEISEL Better-than-expected investment returns helped boost the average funding level of large U.S. employers' pension plans in 2003, but that level remains well below where it stood a few years ago. On average, defined...

Insurers look ahead in Iraq.(Opinion)(Brief Article)
April 12, 2004... AMID ALMOST DAILY reports of attacks by insurgents, we think the insurance industry deserves credit for continuing to underwrite risks in Iraq. As we report on page 1, personal accident coverage for the approximately 15,000 foreign...

HSA deductible rules may lessen plans' appeal; Backlash over family coverage a concern, some say.(News)(health savings accounts)
April 12, 2004... Byline: JERRY GEISEL Deductible arrangements for insurance plans linked to new health savings accounts could reduce the appeal of the plans for some employers. Central to the issue are the so-called "embedded deductibles'' in family...

Many employers still not ready to meet HIPAA deadline.(News)(Health Insurance Portability and Accountability Act)
April 12, 2004... Byline: JOANNE WOJCIK Many small and midsize employers likely will not meet the April 14 deadline for complying with the privacy standards of the federal Health Insurance Portability and Accountability Act, health plan experts say. ...

Willis buys 50% stake in Shanghai broker.(International)(Willis Group Holdings Ltd.)(Shanghai Pudong Insurance Brokers Ltd.)(Brief Article)
April 12, 2004... Byline: Sally Roberts NEW YORK-Willis Group Holdings Ltd. will purchase a 50% equity stake in Chinese insurance broker Shanghai Pudong Insurance Brokers Ltd., the broker announced last week. The Shanghai-based broker is licensed to...

Expansion of liquor liability sobering trend for employers; Canadian courts drawing hard line.(News)
April 12, 2004... Byline: GLORIA GONZALEZ Canadian risk managers say a spate of court rulings holding employers responsible for alcohol-related incidents involving their employees has broadened their liability and made it tough to obtain related coverage....

Congress passes pension funding reform; Changes likely to shave billions in contributions.(News)
April 12, 2004... Byline: JERRY GEISEL WASHINGTON-Stop-gap legislation changing the way employers measure their pension plan liabilities is on its way to President Bush for his signature. Ending a nearly one-year legislative effort, the Senate last week...

Senate bill would legalize Canadian drug reimports.(News)(Brief Article)
April 12, 2004... Byline: GLORIA GONZALEZ WASHINGTON-Sen. Charles Grassley, R-Iowa, has introduced legislation that would allow U.S. consumers to legally buy prescription drugs from Canada. The bill, the Reliable Entry for Medicines at Everyday...

Broker says he was told of policy switch in July; Coverage dispute likely to go to jury April 19.(News)
April 12, 2004... Byline: GLORIA GONZALEZ NEW YORK-The final witness in the World Trade Center insurance coverage trial testified last week that he was told in July 2001 of a switch of the WTC property program to a Travelers Property Casualty Corp. form...

Late News.
April 12, 2004... Revised asbestos reform introduced in Senate Senate Majority Leader Bill Frist, R-Tenn., and Sen. Orrin Hatch, R-Utah, introduced an asbestos liability reform bill last week that would create a $114 billion trust fund to compensate victims...

Calling all hot shots; BI seeks nominations for 40 under 40.(News)
April 12, 2004... CHICAGO-Business Insurance is seeking nominations for its upcoming "40 Under 40: People to Watch" feature, a roundup of men and women who are doing extraordinary work in the commercial insurance industry before celebrating a 40th birthday. ...

Business Insurance SERVICES.(News)
April 12, 2004... REPRINT SERVICES BI's Reprint Department can provide reprints, in quantities of 100 or more, of any article that has appeared in the magazine. Legal permission complying with U.S. copyright laws also can be provided to companies that seek...