http://www.property-casualty.comhttp://www.property-casualty.com/News/2010/2/Pages/MarketScout--Finds-Composite-PC-Rates-Fell-4.aspxMarketScout electronic insurance exchange reported finding no end to the soft market last month with the composite U.S. property and casualty sector down 4 percent.Mon, 08 Feb 2010 00:00:00 GMThttp://www.property-casualty.com/News/2010/2/Pages/MarketScout--Finds-Composite-PC-Rates-Fell-4.aspxCustomerService@sbmedia.com (NU ONLINE NEWS SERVICE)E&S/Specialty MarketsCommercial Insurance & ReinsurancePersonal Insurancehttp://www.property-casualty.com/News/2010/2/Pages/Agent-Disclosure-Rule-Revisions-Secured-Says--IIABNY-.aspxThe Independent Insurance Agents and Brokers of New York (IIABNY) said its negotiations with the New York State Insurance Department have resulted in some revisions to a proposed producer compensation disclosure rule.Mon, 08 Feb 2010 00:00:00 GMThttp://www.property-casualty.com/News/2010/2/Pages/Agent-Disclosure-Rule-Revisions-Secured-Says--IIABNY-.aspxpgusman@nuco.com (PHIL GUSMAN)Agent/BrokerRegulation/Legislationhttp://www.property-casualty.com/News/2010/2/Pages/LexisNexis-Partners-With-FirstBest-For-Insurance-Exchange.aspxLexisNexis Risk Solutions said it has selected FirstBest Systems, Inc., as the core technology partner for its new insurance exchange, being created with the Council of Insurance Agents and Brokers.Mon, 08 Feb 2010 00:00:00 GMThttp://www.property-casualty.com/News/2010/2/Pages/LexisNexis-Partners-With-FirstBest-For-Insurance-Exchange.aspxCustomerService@sbmedia.com (NU ONLINE NEWS SERVICE)Technologyhttp://www.property-casualty.com/News/2010/2/Pages/UdvarHazy-Leaves-AIGs-Aircraft-Lease-Unit.aspxSteven Udvar-Hazy, the founder of American International Group’s troubled International Lease Finance Corporation, has resigned as chief executive and member of its board, AIG said.Mon, 08 Feb 2010 00:00:00 GMThttp://www.property-casualty.com/News/2010/2/Pages/UdvarHazy-Leaves-AIGs-Aircraft-Lease-Unit.aspxapostal@nuco.com (ARTHUR D. POSTAL)Undesignatedhttp://www.property-casualty.com/News/2010/2/Pages/Insurers-See-Hope-For-NY-NoFault-Changes-After-Hearing.aspxInsurance industry representatives were optimistic that some type of action will be taken this year to remedy flaws in New York’s no-fault auto insurance system after a State Senate Insurance Committee hearing.Mon, 08 Feb 2010 00:00:00 GMThttp://www.property-casualty.com/News/2010/2/Pages/Insurers-See-Hope-For-NY-NoFault-Changes-After-Hearing.aspxpgusman@nuco.com (PHIL GUSMAN)Regulation/LegislationPersonal Insurancehttp://www.property-casualty.com/News/2010/2/Pages/Sams-Blog-Since-When-Does-The-Minority-Rule.aspxThanks to the Senate rule requiring 60-votes to get any bill to a vote, making the country almost ungovernable, perhaps it’s time to do away with or modify the fillibuster rules, suggests NU Editor Sam Friedman on his blog at www.NUSamSoapBox.com.Mon, 08 Feb 2010 00:00:00 GMThttp://www.property-casualty.com/News/2010/2/Pages/Sams-Blog-Since-When-Does-The-Minority-Rule.aspxCustomerService@sbmedia.com (NU ONLINE NEWS SERVICE)Regulation/Legislationhttp://www.property-casualty.com/News/2010/2/Pages/Karen-Cutts-Risk-Retention-Reporter-Founder-Passes-Away.aspxKaren Cutts, managing editor of the Risk Retention Reporter, died last Tuesday at her home in Pasadena, Calif. She was 69.Mon, 08 Feb 2010 00:00:00 GMThttp://www.property-casualty.com/News/2010/2/Pages/Karen-Cutts-Risk-Retention-Reporter-Founder-Passes-Away.aspxCustomerService@sbmedia.com (NU ONLINE NEWS SERVICE)Risk Managementhttp://www.property-casualty.com/News/2010/2/Pages/Aon-Reports-4Q-Profit-After-08-Loss.aspxInsurance broker Aon Corp. reported fourth-quarter net income rose $204 million despite the challenges from the continuing soft market and economic recession.Mon, 08 Feb 2010 00:00:00 GMThttp://www.property-casualty.com/News/2010/2/Pages/Aon-Reports-4Q-Profit-After-08-Loss.aspxmruquet@nuco.com (MARK E. RUQUET)Agent/Brokerhttp://www.property-casualty.com/News/2010/2/Pages/Ill-High-Court-Rejects-Limits-On-Med-Mal-Awards--.aspxAn Illinois law that set caps on medical malpractice awards for “pain and suffering,” has been ruled unconstitutional by the state’s high court, which found legislators had overreached in attempting to restrict the judicial process.Fri, 05 Feb 2010 00:00:00 GMThttp://www.property-casualty.com/News/2010/2/Pages/Ill-High-Court-Rejects-Limits-On-Med-Mal-Awards--.aspxapostal@nuco.com (ARTHUR D. POSTAL)Regulation/Legislationhttp://www.property-casualty.com/News/2010/2/Pages/Sams-Blog-Insurers-Must-Defend-Themselves.aspxInsurers confronted their lousy reputation head on at a recent conference, and NU Editor Sam Friedman was there as a panelist, coming away impressed with attendee eagerness to fight back. See Sam’s blog at www.NUSamSoapBox.com.Fri, 05 Feb 2010 00:00:00 GMThttp://www.property-casualty.com/News/2010/2/Pages/Sams-Blog-Insurers-Must-Defend-Themselves.aspxCustomerService@sbmedia.com (NU ONLINE NEWS SERVICE)Agent/BrokerRisk ManagementCommercial Insurance & ReinsurancePersonal Insurancehttp://www.property-casualty.com/News/2010/2/Pages/Talk-Of-Swapping-Committee-Flood-Program-Oversight.aspxRep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, wants another House committee to take jurisdiction over the troubled and controversial National Flood Insurance Program.Fri, 05 Feb 2010 00:00:00 GMThttp://www.property-casualty.com/News/2010/2/Pages/Talk-Of-Swapping-Committee-Flood-Program-Oversight.aspxapostal@nuco.com (ARTHUR D. POSTAL)Regulation/Legislationhttp://www.property-casualty.com/News/2010/2/Pages/Harleysville--Employees-Donate-50000-For-Haiti-Relief.aspxJoining insurance industry efforts around the globe, Harleysville Insurance and its employees have donated more than $50,000 toward the ongoing efforts to assist those impacted by the earthquake that struck Haiti on Jan. 12. Fri, 05 Feb 2010 00:00:00 GMThttp://www.property-casualty.com/News/2010/2/Pages/Harleysville--Employees-Donate-50000-For-Haiti-Relief.aspxCustomerService@sbmedia.com (NU ONLINE NEWS SERVICE)Commercial Insurance & Reinsurancehttp://www.property-casualty.com/News/2010/2/Pages/Toyota-Tylenol-Recalls-Worlds-Apart-Crisis-Mgt-Expert-Says.aspxIn a rapidly evolving digital world, comparing the highly regarded Tylenol recall of 1982 to the current recall of Toyota automobiles is like comparing “the Apple 2e computer of 25 years ago to the Apple iPad," an expert said.Fri, 05 Feb 2010 00:00:00 GMThttp://www.property-casualty.com/News/2010/2/Pages/Toyota-Tylenol-Recalls-Worlds-Apart-Crisis-Mgt-Expert-Says.aspxcmcdonald@nuco.com (CAROLINE MCDONALD)Risk Managementhttp://www.property-casualty.com/News/2010/2/Pages/Trades-Urge-HHS-To-Delay.aspxToo many issues remain undecided for the federal government to ask workers’ comp providers to start reporting on April 1 under the Medicare Secondary Payer mandatory reporting requirements, insurer trade groups said in a letter. Fri, 05 Feb 2010 00:00:00 GMThttp://www.property-casualty.com/News/2010/2/Pages/Trades-Urge-HHS-To-Delay.aspxapostal@nuco.com (ARTHUR D. POSTAL)Regulation/Legislationhttp://www.property-casualty.com/News/2010/2/Pages/Carolines-Blog-Google-Age-Separates-Toyota-Tylenol-Recalls.aspxToyota’s massive recall has been compared to the Tylenol product recall of 1982—the public relations “gold standard,” but is this really the case, wondered Caroline McDonald. Read about it at www.NoRiskZone.com.Fri, 05 Feb 2010 00:00:00 GMThttp://www.property-casualty.com/News/2010/2/Pages/Carolines-Blog-Google-Age-Separates-Toyota-Tylenol-Recalls.aspxCustomerService@sbmedia.com (NU ONLINE NEWS SERVICE)Risk Managementhttp://www.property-casualty.com/News/2010/2/Pages/Bipartisan-Reform-Talks.aspxNegotiations have broken down over a bipartisan financial services reform package in the Senate, leaving Democrats to unveil their own proposal by the end of the month, Sen. Chris Dodd, D-Conn., said today.Fri, 05 Feb 2010 00:00:00 GMThttp://www.property-casualty.com/News/2010/2/Pages/Bipartisan-Reform-Talks.aspxapostal@nuco.com (ARTHUR D. POSTAL)Regulation/Legislationhttp://www.property-casualty.com/News/2010/2/Pages/IIABNY-Says-Changes-Coming-In-Producer-Comp-Rule.aspxThe Independent Insurance Agents and Brokers of New York said its negotiations with the New York State Insurance Department have resulted in some revisions to a proposed producer compensation disclosure rule.Fri, 05 Feb 2010 00:00:00 GMThttp://www.property-casualty.com/News/2010/2/Pages/IIABNY-Says-Changes-Coming-In-Producer-Comp-Rule.aspxpgusman@nuco.com (PHIL GUSMAN)Regulation/Legislationhttp://www.property-casualty.com/News/2010/2/Pages/House-To-Introduce-Repeal-Bill-For-Insurers-Antitrust-Exemption.aspxLegislation will be introduced in the House repealing the antitrust exemption afforded health and medical liability insurers through the McCarran-Ferguson Act.Thu, 04 Feb 2010 00:00:00 GMThttp://www.property-casualty.com/News/2010/2/Pages/House-To-Introduce-Repeal-Bill-For-Insurers-Antitrust-Exemption.aspxapostal@nuco.com (ARTHUR D. POSTAL)Regulation/LegislationCommercial Insurance & Reinsurancehttp://www.property-casualty.com/News/2010/2/Pages/Zurich-2009-Net-Up-6-Percent.aspxZurich Financial Services Group reported net income for 2009 rose by 6 percent to $3.2 billion compared with $3 billion in the previous year.Thu, 04 Feb 2010 00:00:00 GMThttp://www.property-casualty.com/News/2010/2/Pages/Zurich-2009-Net-Up-6-Percent.aspxCustomerService@sbmedia.com (NU ONLINE NEWS SERVICE)InternationalCommercial Insurance & ReinsurancePersonal Insurancehttp://www.property-casualty.com/News/2010/2/Pages/More-AIG-Bonus-Info-Pursued-By-Sen-Grassley.aspxThe American International Group bonus payments’ controversy is continuing with Sen. Charles Grassley, R-Iowa, expanding his demands for information from the Treasury Department.Thu, 04 Feb 2010 00:00:00 GMThttp://www.property-casualty.com/News/2010/2/Pages/More-AIG-Bonus-Info-Pursued-By-Sen-Grassley.aspxapostal@nuco.com (ARTHUR D. POSTAL)Regulation/LegislationCommercial Insurance & ReinsurancePersonal Insurancehttp://www.property-casualty.com/News/2010/2/Pages/Willis-Reports-4Q-Net-Income-Grew-27.aspxWillis Group Holdings plc reported fourth quarter net income last year grew 27 percent as the firm completed its integration of Hilb, Rogal & Hobbs Co.Thu, 04 Feb 2010 00:00:00 GMThttp://www.property-casualty.com/News/2010/2/Pages/Willis-Reports-4Q-Net-Income-Grew-27.aspxmruquet@nuco.com (MARK E. RUQUET)Agent/Brokerhttp://www.property-casualty.com/News/2010/2/Pages/Allstate-Denies-Agents-Group-Claim-It-Plans-To-Cut-3300.aspxAllstate is denying a charge by an agent group that it has a goal of eliminating more than 3,000 agents in three-to-five years.Thu, 04 Feb 2010 00:00:00 GMThttp://www.property-casualty.com/News/2010/2/Pages/Allstate-Denies-Agents-Group-Claim-It-Plans-To-Cut-3300.aspxmruquet@nuco.com (MARK E. RUQUET)Agent/BrokerPersonal Insurancehttp://www.property-casualty.com/News/2010/2/Pages/Insurance-Outshines-Banks-In-Customer-Advocacy-Survey.aspxA survey of consumers has found insurers and agents score better than banks when it comes to the issue of who is a better advocate for them, and independent agents scored high on the list.Thu, 04 Feb 2010 00:00:00 GMThttp://www.property-casualty.com/News/2010/2/Pages/Insurance-Outshines-Banks-In-Customer-Advocacy-Survey.aspxmruquet@nuco.com (MARK E. RUQUET)Agent/BrokerPersonal Insurancehttp://www.property-casualty.com/News/2010/2/Pages/Lanier-Agency-Mercury-Insurance-Each-To-Give-50000-In-Haiti-Aid.aspxJ. Smith Lanier & Co. insurance brokerage said it will donate $50,000 toward relief efforts in Haiti and auto carrier Mercury Insurance said it will match $50,000 of employee giving.Thu, 04 Feb 2010 00:00:00 GMThttp://www.property-casualty.com/News/2010/2/Pages/Lanier-Agency-Mercury-Insurance-Each-To-Give-50000-In-Haiti-Aid.aspxCustomerService@sbmedia.com (NU ONLINE NEWS SERVICE)Agent/BrokerPersonal Insurancehttp://www.property-casualty.com/News/2010/2/Pages/SP-Cuts-Berkshire--Insurance-Units-Rating.aspxStandard & Poor's Ratings Services said it has cut the Berkshire Hathaway Inc. long-term counterparty credit rating and the financial strength ratings of its insurance operations because of its railroad purchase.Thu, 04 Feb 2010 00:00:00 GMThttp://www.property-casualty.com/News/2010/2/Pages/SP-Cuts-Berkshire--Insurance-Units-Rating.aspxCustomerService@sbmedia.com (NU ONLINE NEWS SERVICE)Commercial Insurance & ReinsurancePersonal Insurance