Business Insurance articles from June 2005

Business Insurance archives from June 2005

On the Move.(Industry News)
June 1, 2005... The St. Paul Travelers Cos. Inc. has named Brian MacLean executive vp and chief operating officer. Mr. MacLean and Mike Miller previously served as co-chief operating officers of the St. Paul, Minn.-based insurer. Mr. Miller recently left to...

Online systems raising bar for benefits client service.(Cover Focus: Benefits & Financial Services)
June 1, 2005... Byline: Rupal Parekh With many companies scrapping paper in favor of Web-based systems, the health benefits industry is raising the bar for client service higher than ever before. Agents, brokers and consultants who use the latest...

Securian combines retirement, annuity divisions into one unit.(Industry News)(Brief Article)
June 1, 2005... ST. PAUL, Minn.-Securian Financial Group is consolidating its retirement plan and individual annuity businesses into a single unit called Securian Retirement Savings. The new unit will include what had been known as Securian Retirement...

AIR adds hurricane risk features to ALERT Web site.(Industry News)(AIR Worldwide Corp)(Brief Article)
June 1, 2005... BOSTON-AIR Worldwide Corp. has added new features to its ALERT Web site intended to improve insurers' ability to manage hurricane risks as events occur. ALERT-AIR Loss Estimates in Real Time-is a Web-based service providing insurers with...

Aetna, LifeMasters extend program.(Industry News)(Brief Article)
June 1, 2005... SOUTH SAN FRANCISCO, Calif.-LifeMasters Supported SelfCare Inc. and Aetna Inc. unit Aetna Health Management have renewed and extended their contract under which the companies have worked together on the Aetna Healthy Outlook Program. The...

Finely tuned reputation can end on a sour note.(First Word)(Column)
June 1, 2005... Byline: Rodd Zolkos I've been thinking a bit about reputation lately. Not my own, or that of anyone near to me, but brand reputation. Obviously, for a company, there's tremendous value in a good reputation. But reputation can be a...

Mickey not the only mouse at Disney tech fest.(Feature)
June 1, 2005... LAKE BUENA VISTA, Fla.- Techies were swarming the Magic Kingdom in May as the Assn. for Cooperative Operations Research & Development teamed with the Life Office Management Assn. for their annual conference. The ACORD/LOMA Insurance...

Hurricane site offers insurance information.(Industry News)(www.flains.org)(Brief Article)
June 1, 2005... TALLAHASSEE, Fla.-With the start of the new hurricane season, the Florida Insurance Council Inc. set up a new hurricane Web site. The council created the new Hurricane Central Web site at www.flains.org as part of an industry response to...

Procrastination, lack of enthusiasm seen in replacement of legacy systems.(impact of legacy computer systems on insurance industry)
June 1, 2005... Byline: Michael Bradford LAKE BUENA VISTA, Fla.-Legacy computer systems have become a big problem for insurers that is not going to be solved soon, a panel of insurance company technology experts contends. "This is a real nightmare for...

ERM success depends on balance of expertise throughout the team.(Feature)(Enterprise Risk Management Symposium)
June 1, 2005... Byline: Regis Coccia CHICAGO-Success in managing enterprise risks facing insurance organizations hinges on the ability of chief risk officers to leverage expertise, a panel of experts said. Speaking at the 3rd Annual Enterprise Risk...

The Hartford takes to the road on TRIA mission.(Feature)(Hartford Financial Services Group Inc)(Terrorism Risk Insurance Act)(Brief Article)
June 1, 2005... Seeking to draw attention to the need to extend the federal Terrorism Risk Insurance Act, Ramani Ayer, chairman and chief executive officer of the Hartford Financial Services Group Inc., and a group of executives left the company's Hartford,...

In area of commercial risks, standards are far from being usual or customary.(Feature)
June 1, 2005... Byline: Michael Bradford LAKE BUENA VISTA, Fla.-Data standards for commercial risks could make core risk management functions faster and more efficient and provide insurance buyers' business partners with an opportunity to expand their...

The Quote.(Industry News)
June 1, 2005... `Employers can save a ton of money but also do their employees a disservice at the same time. That's not the kind of client I want to work for.' James J. Scholl Owner Scholl Associates

ABA honors colleague with award.(Industry News)(American Bar Association)(Brief Article)
June 1, 2005... NEW YORK-Francine Semaya, chair of the insurance corporate and regulatory practice group at the Cozen O'Connor law firm in New York, will be the first recipient of the Kirsten Christophe Memorial Award for Excellence in Trial and Insurance Law....

Sapiens International offers INSIGHT for Reinsurance.(Industry News)(new software)(Brief Article)
June 1, 2005... RESEARCH TRIANGLE PARK, N.C.-Sapiens International Corp. N.V. has introduced INSIGHT for Reinsurance-a new component of its Sapiens INSIGHT suite of business rules technology-based insurance solutions-in the U.S. market. INSIGHT for...

Software targets insurance fraud.(Industry News)(Brief Article)
June 1, 2005... CHICAGO-Predictive analytics software company SPSS Inc. has released a new application intended to reduce insurance fraud, improve the claims process and reduce insurers' costs. Based on real-time predictive analytic technology,...

Gold Seal launches U.S. consulting services unit.(Industry News)(Brief Article)
June 1, 2005... YORK, Pa.-Gold Seal Management Services has launched a U.S. operation, Gold Seal Risk Management Ltd. Gold Seal was formed in Australia in 1995 to provide risk management and advisory consulting services to general insurance...

Insurers must adapt to older workers.(Last Word)
June 1, 2005... A couple of statistical trends are coming together in a way that may already be bringing new opportunities and new challenges to the group life insurance market. The U.S. Bureau of Labor Statistics projects a shortfall of 10 million...

Debate over the debate; Industry mulls the effect of proposed Social Security reform.(Cover Focus: Benefits & Financial Services)
June 1, 2005... Byline: Rodd Zolkos The attention being paid in the press to President George W. Bush's push for Social Security reform appears not to be spurring much public interest in retirement and financial security products. But while some say...

Chubb Group offering electronic applications.(Industry News)(Chubb Group of Insurance Cos)(Brief Article)
June 1, 2005... WARREN, N.J.-The Chubb Group of Insurance Cos. are now providing electronic applications for their professional and management liability insurance products at www.chubb.com. Agents, brokers and customers can download and save editable files...

Trusted Choice adds its name to tournament.(Industry News)(Brief Article)
June 1, 2005... WEST LAFAYETTE, Ind.-A prestigious junior golf tournament twice won by Tiger Woods during the 1990s has taken on a new name, recognizing the more than 4,500 Trusted Choice insurance agencies across the country. This year's 37th annual...

S&P revises outlook on P/C industry; Almost all rated companies are making an underwriting profit.(Industry News)(Brief Article)
June 1, 2005... NEW YORK-Standard & Poor's Corp. has revised its ratings outlook on the U.S. commercial lines property/casualty insurance industry to stable from negative. In a report released earlier this month, the New York-based ratings agency cited...

ICCIE confers first industry designation.(Industry News)(International Center for Captive Insurance Education)(Brief Article)
June 1, 2005... BURLINGTON, Vt.-The International Center for Captive Insurance Education has conferred its first Associate in Captive Insurance industry designation. David Lippa of Lippa Insurance Services Inc. in Laguna Niguel, Calif., completed the...

Sarbanes-Oxley Act targeted; Rules shouldn't apply to nonpublic companies: NAMIC.(Industry News)(National Assn. of Mutual Insurance Cos.)
June 1, 2005... INDIANAPOLIS-Applying federal Sarbanes-Oxley Act standards to nonpublic insurance companies as an element of insurance regulation would be an unnecessary and overly burdensome step, according to a newly released report from the National Assn....

RMS monitors surge for labor, materials after hurricanes.(Industry News)(Risk Management Solutions Inc.)(Brief Article)
June 1, 2005... NEWARK, Calif.-Elevated labor and material costs in the Southeastern United States resulting from last year's hurricane season are likely to continue through the 2005 season, according to risk modeling firm Risk Management Solutions Inc. ...

Three Questions.(Scott A. Meyer of American International Group Inc.)(Interview)
June 1, 2005... The domestic brokerage group of New York-based American International Group Inc. formed a unit last month to cater exclusively to the insurance and risk management needs of financial institutions. Scott A. Meyer, senior vp of National Union...

Benefiting from the long view; Time, touch and teaching the keys to consumer-driven sales success.(Cover Focus: Benefits & Financial Services)
June 1, 2005... Byline: Roseanne White Geisel Consumer-driven health plans should never be sold as an end in themselves, brokers, consultants, administrators and even plan executives say. Such a sales approach, these experts say, assumes that adoption of...

Keep a critical eye on vendors.(Perspective)(practices of risk managers )
June 6, 2005... Byline: Corby Pelto Risk managers deliver a valuable service for their employers in the prevention and management of risk. But in the wake of the recent insurance industry scandals, one has to question whether they have done their part in...

Products & Services; Philadelphia Insurance offers public entity cover.
June 6, 2005... BALA CYNWYD, Pa.-Philadelphia Insurance Cos. is offering an insurance program for public entities. The Public Entity Program policy provides automobile, boiler and machinery, crime, general liability, inland marine, property and umbrella...

Excessive force, false arrest also areas of potential liability.(Spotlight: Government Risk Management)
June 6, 2005... Byline: Gloria Gonzalez While "hot pursuits'' by law enforcement officials receive a lot of attention, risk managers and insurers say that claims related to allegations of the excessive use of force and false arrests are far more common....

In hot pursuit of better risk management; Police departments seek to chase down best practices.(Spotlight: Government Risk Management)
June 6, 2005... Byline: GLORIA GONZALEZ High-speed car chases involving police officers and fleeing suspects often make for fascinating television, but they can be a real headache for the organizations that insure law enforcement agencies. While the...

Public entities search below the news radar.(Spotlight: Government Risk Management)(several government insurance pools start environmental scanning)
June 6, 2005... Byline: DAVE LENCKUS Top executives at several government insurance pools are looking at the world and risks around them a little differently these days. Inspired by a presentation held during a two-and-a-half-day conference last...

Don't trust this fund to solve the problem.(Commentary)(Fairness in Asbestos Injury Resolution Act of 2003 (Draft))
June 6, 2005... Byline: Mark A. Hofmann It has taken the U.S. Senate Judiciary Committee several years to come up with an asbestos trust fund plan that has the support of lawmakers-but by no means all lawmakers-from both parties. There's been a lot of...

It's a wrap-up.(Spotlight: Government Risk Management)(owner-controlled insurance programs)(Brief Article)
June 6, 2005... Owner-controlled insurance programs can bring significant benefits to large construction projects, but they are not for everyone. Benefits: Lower costs. In some cases, premiums can be cut in half. Better coverage. All participants...

L.A. cuts school building costs with OCIPs.(Spotlight: Government Risk Management)(Los Angeles)(owner-controlled insurance programs)
June 6, 2005... Byline: ROBERTO CENICEROS Los Angeles residents could have more money to spend on schools if the goal of cutting insurance costs for a massive school construction program through a wrap-up program is achieved. Predicted insurance cost...

Guidance eases compliance with Medicare notification rule.(News)
June 6, 2005... Byline: JERRY GEISEL WASHINGTON-Federal guidance released last week will make it easier for employers to comply with a requirement that they notify Medicare-eligible employees and retirees about how their group prescription drug coverage...

Pools tap captive for health care stop-loss coverage.(Spotlight: Government Risk Management)
June 6, 2005... Byline: MICHAEL BRADFORD A group of municipal insurance pools is getting some health care cost relief from its captive reinsurer. Government Entities Mutual will begin offering health care stop-loss insurance this summer to its 16...

HealthSouth, excess D&O insurer trade lawsuits.(directors and officers)
June 6, 2005... Byline: DOUGLAS McLEOD BIRMINGHAM, Ala.-HealthSouth Corp. and one of its excess directors and officers liability insurers are suing each other in the latest twist in the troubled company's long-running D&O litigation. Houston Casualty...

Safe harbor requirements issued for establishing 'creditable' status.(News)(prescription drug plans)(Brief Article)
June 6, 2005... Byline: Jerry Geisel WASHINGTON-The U.S. Centers for Medicare and Medicaid Services has issued guidance to employers on safe harbor requirements relating to Medicare Part D prescription drug coverage, which will be implemented next year....

World Updates; Alexander Forbes revenues rise.(international)
June 6, 2005... South African brokerage Alexander Forbes Ltd.'s total revenues increased 4%, to 4.62 billion rand ($743.3 million), for the year ended March 31. Alexander Forbes, based in Johannesburg, said it saw growth from its African operations and...

Excess insurers can't deny claims for late notice absent policy clause.(International)
June 6, 2005... Byline: BARBARA COCKBURN LONDON-Excess insurers must pay claims that penetrate their layers of coverage even if the insurers are made aware of the claims years after the primary insurers are notified, the U.K. Court of Appeal has ruled....

U.K. court snuffs out smoker's claim.(international)
June 6, 2005... Byline: SARAH VEYSEY EDINBURGH, Scotland-The ruling in a landmark smoking case reduces the likelihood of successful negligence claims against tobacco firms in the United Kingdom, legal experts said last week. The long-awaited judgment...

Defined benefit pension plans closing: U.K. study.(international)(Brief Article)
June 6, 2005... Byline: SARAH VEYSEY LONDON-More than two-thirds of defined benefit pension plans in the United Kingdom are now closed to new entrants, according to the results of a survey conducted by the London-based Assn. of Consulting Actuaries. ...

Marsha Cohen named APIW Women of the Year.(Marsha A. Cohen, Association of Professional Insurance Women Inc.)
June 6, 2005... Byline: GLORIA GONZALEZ NEW YORK-Early in her career, Marsha A. Cohen was interviewing for a position with an insurance company, when the president of the company asked who her father was. He was curious to know whether Ms. Cohen was...

Reserve boost raises concerns; But AIG's restated results allay some fears.(American International Group Inc.)
June 6, 2005... Byline: JUDY GREENWALD NEW YORK-American International Group Inc.'s filing of its long-delayed 10-K with the Securities and Exchange Commission last week settled some questions about the insurer's finances but raised many others. In...

Garamendi calls for 18% reduction in workers comp rates.(John Garamendi)
June 6, 2005... Byline: ROBERTO CENICEROS SAN FRANCISCO-California Insurance Commissioner John Garamendi last week complained that workers compensation insurers have been slow to pass on reform-related savings and called for them to reduce pure premium...

Asbestos trust fund draws insurer fire; Senate bill would not shut the door on tort claims, insurers say.(News)
June 6, 2005... Byline: MARK A. HOFMANN WASHINGTON-More than a week after a key Senate committee approved a bill that would create a $140 billion trust fund to replace the current litigation-based system for compensating victims of asbestos-related...

On risk, opportunity and responsibility.(Commentary)(advice for graduates)
June 6, 2005... Byline: Paul Winston Paul Winston is on vacation. This commentary from the BI archives originally appeared in May 2003. It's that time of year when colleges and universities across the country hold their commencement ceremonies, award...

Regulatory reform bill expected despite commissioners' concerns.(News)
June 6, 2005... Byline: MEG FLETCHER WASHINGTON-Insurance industry observers are wondering how quickly action will follow words, now that an intensive, two-month review of a federal regulatory modernization proposal is scheduled to end this week. Some...

News highlights duty owed by insurers...(civil suit against American International Group Inc. )(Editorial)
June 6, 2005... now that the other shoe has dropped on American International Group Inc., insurance buyers and investors can breathe a sigh of relief. New York Attorney General Eliot Spitzer and Superintendent of Insurance Howard Mills' recent civil suit...

...as well as by brokers.(investigations of hiring subsidies of brokers )(Brief Article)(Editorial)
June 6, 2005... Insurance buyers also deserve to be serviced by brokers that are unencumbered by potentially compromising financial ties with insurers. In the same way that contingent commissions have been jettisoned, at least by the major brokers,...

'Hiring subsidies' may be terminated amid investigations.(News)
June 6, 2005... Byline: SALLY ROBERTS State prosecutors' investigations into broker compensation practices, which have curtailed the use of contingent commissions, may end another form of undisclosed compensation from insurers: hiring subsidies. For...

Port Authority seeks double WTC limits.(News)
June 6, 2005... Byline: DOUGLAS McLEOD NEW YORK-Only months after a jury found a handful of World Trade Center insurers liable to leaseholder Silverstein Properties Inc. for two policy limits in the WTC's destruction, a similar dispute is shaping up...

S&P lowers credit, debt ratings of AIG.(Standard & Poor's Corp., American International Group Inc.)(Brief Article)
June 6, 2005... Byline: Mark A. Hofmann NEW YORK-Standard & Poor's Corp. on Friday lowered American International Group Inc.'s long-term counterparty credit and senior debt ratings to AA from AA+, but it affirmed its AA+ credit and financial strength...

URAC program's goal is to make CDHC information accessible.(News)(Utilization Review Accreditation Commission (health care accreditation & certification))(Consumer Driven Health Care)
June 6, 2005... Byline: GLORIA GONZALEZ WASHINGTON-Health care accreditation organization URAC has developed a program designed to analyze the quality of support tools and information related to consumer-driven health plans. The goal of the new...

Late News; Sinnott to return to MMC as vice chair.(John T. Sinnott to join Marsh & McLennan Cos. Inc.)
June 6, 2005... John T. Sinnott is returning to Marsh & McLennan Cos. Inc. as vice chairman. Mr. Sinnott, who worked at MMC brokerage unit Marsh Inc. for 40 years, retired as chairman of the unit in July 2003. On his retirement, he became a senior adviser to...

Errors and omissions.(News)(Correction Notice)
June 6, 2005... Due to incorrect information supplied to Business Insurance, a story and chart on risk manager compensation in the May 30 issue contained inaccurate information. The correct salary and year-over-year changes are: claims manager, up 11.0% to...

AIG increases asbestos reserves, further boost expected.(American International Group Inc.)
June 6, 2005... Byline: JUDY GREENWALD NEW YORK-A major focus of American International Group Inc.'s 10-K filing with the Securities and Exchange Commission last week was the unexpected announcement that it would boost its asbestos and environmental...

World Updates; Alexander Forbes revenues rise.(International)
June 6, 2005... South African brokerage Alexander Forbes Ltd.'s total revenues increased 4%, to 4.62 billion rand ($743.3 million), for the year ended March 31. Alexander Forbes, based in Johannesburg, said it saw growth from its African operations and...

Greenberg, Smith resign from AIG's board.(News)(Brief Article)
June 13, 2005... Byline: JUDY GREENWALD NEW YORK-In a move observers describe as unsurprising, former American International Group Inc. Chairman and Chief Executive Officer Maurice R. Greenberg resigned from the company's board of directors last week. ...

'Health courts' touted as malpractice claim option; Setup would resemble workers comp system.(News)(Column)
June 13, 2005... Byline: MARK A. HOFMANN WASHINGTON-Using special health courts to resolve medical malpractice disputes would provide greater certainty and fairness to victims of medical errors, say supporters of a proposed new type of jurisprudence. ...

U.K. to let Lloyd's names convert liability status.(International)
June 13, 2005... Byline: Sarah Veysey LONDON-The U.K. government has approved plans to let individual investors at Lloyd's of London convert to limited liability partnerships without losing what they see as key tax benefits. Michael Deeny, chairman of...

Equitas watching FAIR Act effort to gauge impact of potential protection.(Fairness in Asbestos Injury Resolution Act of 2003)
June 13, 2005... Byline: Sarah Veysey LONDON-Equitas Ltd. is closely watching the legislative effort in the United States to replace the current litigation-based system for compensating victims of asbestos-related disease, according to its chief executive....

Compliance demands captive adjustments.(International)(Brief Article)
June 13, 2005... Byline: Sarah Veysey Risk managers who operate reinsurance captives in the European Union may have to make financial adjustments to the captives to comply with the European reinsurance directive approved last week. Thierry Van Santen,...

Eastern Europe gets West's help in developing risk management.(News)
June 13, 2005... Byline: BARBARA COCKBURN Western organizations are making headway in efforts to improve risk management education in Eastern Europe, but they still have some distance to go. As part of an education drive, risk management organizations...

E.U. chemical makers fight proposed rule changes; But authorities say legislation would improve risk management, promote innovation.(Spotlight: Global Risk Management)
June 13, 2005... Byline: CAROLYN ALDRED BRUSSELS, Belgium-Proposed chemical safety regulations under consideration by European Union authorities would hinder rather than enhance risk management efforts in the chemical industry and hamper companies' ability...

E.U. cleanup laws may spur demand for stand-alone pollution coverage.(Spotlight: Global Risk Management)
June 13, 2005... Byline: ROBERTO CENICEROS Few companies purchase stand-alone pollution coverage for risks outside of North America because the threat of liability diminishes beyond the continent's borders. But change is afoot in some regions of the...

Medical courts a worthy idea.(Editorial)
June 13, 2005... There's no question that experimentation has driven great breakthroughs in medicine. Laboratory work translated into practical treatments has saved millions of lives. But experimentation isn't confined to the lab. That's why we hope that a...

E.U. plans to extend REACH of regulation.(Spotlight: Global Risk Management)(Registration, Evaluation and Authorization of Chemicals)(European Union)(Brief Article)
June 13, 2005... In an effort to improve risk management and safety processes, European authorities have proposed regulatory changes for the European chemical industry. The Registration, Evaluation and Authorization of Chemicals legislation drafted by the...

Nevada cuts RRG charges, expands offerings; Governor likely to sign bill designed to attract more insurance business to the state.(News)(Risk Retention Groups)
June 13, 2005... Byline: JERRY GEISEL CARSON CITY, Nev.-The fees and premium taxes paid by risk retention groups operating in Nevada would be slashed under a bill awaiting the governor's signature. The measure, put together by the Nevada Division of...

Between the Lines; Earnhardt policy hinges on physical.(News)(Column)
June 13, 2005... Byline: Compiled by Joanne Wojcik More than four years after NASCAR legend Dale Earnhardt's fatal crash, his widow and racing team are still trying to collect on a $3.7 million life insurance policy bought just weeks before his final race....

GOP plan offers hope for PBGC solvency.(Pension Benefit Guaranty Corp.)(Grand Old Party)(Editorial)
June 13, 2005... It would be relatively easy to insulate the Pension Benefit Guaranty Corp. from future big losses and prevent the federal pension insurance agency's $23.3 billion deficit from getting any larger. All Congress would have to do is to tighten...

E.U. measure sets reinsurance standards.(International)
June 13, 2005... Byline: SARAH VEYSEY STRASBOURG, France-European reinsurers welcomed the European Parliament's approval last week of a directive designed to harmonize regulation across the European Union. The reinsurance directive would impose a...

Equitas shows small increase to surplus; Asbestos reserves rise to $6.42 billion.(International)
June 13, 2005... Byline: SARAH VEYSEY LONDON-The year ending March 31, 2005, was one of "good progress'' for Equitas Ltd., but serious challenges still lie ahead for the runoff reinsurer, according to its chief executive officer. Last week, Equitas,...

Startup broker Integro takes on five more former Marsh executives.(News)(appointments)(Brief Article)
June 13, 2005... Byline: Sally Roberts NEW YORK-Recently launched insurance brokerage Integro Ltd. continues to lure away key executives from Marsh Inc. as it builds its team of professionals to service large-account business. The New York-based...

Physician networks top Texas comp reforms; Changes implemented to stop the best doctors from fleeing the system.(compensation)(Column)
June 13, 2005... Byline: ROBERTO CENICEROS AUSTIN, Texas-Employers and insurers are hoping that Texas' recently adopted workers compensation reforms will reduce costs and improve return-to-work results, while enticing good doctors back into a system that...

World Updates; E.C. to investigate insurance competition.(International)(Brief Article)
June 13, 2005... The European Commission is set to launch a probe into commercial insurance to check whether there has been any anticompetitive behavior. An EC spokesman said that the September 2004 decision to launch these inquiries in several sectors,...

Comings & Goings - Industry.(News)(appointments)(Brief Article)
June 13, 2005... Insurers: New York-based Mutual of America Life Insurance Co. has made three senior-level appointments: * Joan M. Squires was appointed executive vp, office of technology. Before her promotion, she was executive vp, office of...

Diocese settlement sparks claims dispute.(News)
June 13, 2005... Byline: DOUGLAS McLEOD ERLANGER, Ky.-The Roman Catholic Diocese of Covington, Ky., is suing its principal liability insurer, a Catholic mutual self-insurance program, after agreeing to pay $120 million to settle a class action complaint...

Pension reform bill introduced in House.(News)
June 13, 2005... Byline: JERRY GEISEL WASHINGTON-Comprehensive pension reform legislation backed by House Republican leaders will-through stiffened funding rules-reduce the likelihood of future multibillion dollar plan failures without triggering an...

Anonymous tipster controversies will not curb media liability cover.(News)(Column)
June 13, 2005... Byline: GLORIA GONZALEZ and RUPAL PAREKH News organizations that print or broadcast information obtained from anonymous sources will still be able to find media liability insurance, but publications that suffer significant claims as a...

Bill would dispel cash balance doubts.(News)(pension legislation)(Brief Article)
June 13, 2005... Byline: Jerry Geisel WASHINGTON-Pension legislation introduced in the House of Representatives last week would eliminate the legal uncertainty that has surrounded cash balance plans and dimmed their once-bright future. The legislation,...

Market for political risk cover broadens, softens.(Spotlight: Global Risk Management)
June 13, 2005... Byline: MICHAEL BRADFORD Risk managers are taking a more global approach to their political risk exposures and are finding insurers eager to accommodate them with favorable prices and coverage conditions. "What we've seen from the...

Indictments seen as basis for more action by prosecutors.(News)
June 13, 2005... Byline: JUDY GREENWALD Criminal indictments of two former General Re Corp. executives reflect a strategy of seeking leverage in an attempt to reach principal players in an alleged fraud between the reinsurer and American International...