National News for September 2001

• Rising Loss Estimates Heighten Concern for the Stability of Some Insurance Sectors September 28, 20
• NAII Urges Caution on Federal Intervention
• Christie Pabarue: WTC Losses May Spark High Failure Rate Among Reinsurers; Additional Strain on Insu
• Erie Indemnity Estimates Exposure from National Tragedy
• Chubb Introduces Comprehensive EPL Loss Prevention Program
• NAMIC Commends Financial Services Committee for Hearing
• AMR Corp. Notes Insurers Canceling Coverage
• NAIC Donates $10,000 to Honor Former NY Ins. Superintendent Lost in Disaster
• NAIC To Hold Summit to Discuss Terrorist Attacks
• Fitch Completes Ratings Analysis Following Terrorist Attacks
• The Hartford Extends Premium Payments in Light of Terrorist Attacks
• Baldwin & Lyons Inc. Reports Losses Relating to World Trade Center
• Number of Defective Product Inspections Per Month Increases
• Insurance Leaders Meet with President Bush to Discuss State of Industry
• White House Notes Insurance Executives Did Not Seek Public Funds
• NAIC Agrees with Congressional Committee’s Stance Regarding Sept. 11 Tragedy
• Zurich North America Will Not Invoke ‘Act of War’ Exclusions
• S&P Watching Hartford Following Disaster
• American Financial Group Issues Preliminary Estimate on Recent New York City Tragedy September 25, 2
• Navigators Estimates Losses from Terrorist Attack
• IMMA Board Votes to Cancel 2001 Annual Conference
• Chubb Subsidiaries Placed on Negative Watch
• CNA Sees Pre-Tax Losses of Up to $350 Million
• Cost of Business Interruption Claims from Terrorist Attacks May Take Months to Determine September
• A.M. Best Expects Industry Losses to Exceed
• The St. Paul Cos. Expects Net Pretax Losses of $700M from Attacks
• Fitch Puts Markel Corp. on Rating Watch Negative
• NAMIC Responds to House Committee: ‘Insurance Employees are Patriotic Americans’
• IIAA Establishes Industry Disaster Resource Website
• A.M. Best Cancels, Reschedules Annual E-Fusion Information & Technology Conference September 21, 20
• Kemper Estimates Net Losses from Sept. 11 Terrorist Attacks to be $60M-$80M
• Congressional Leaders Urge Industry to ‘Fulfill
• The Hartford Estimates Losses from Terrorist Attack Could Approach $450M
• Liberty Mutual Group Expects $200M-$300M Loss from Terrorist Attacks
• S&P Warns of Negative Rating Implications
• Fitch Assesses Insurer/Reinsurer Loss Exposures to U.S. Attacks
• Workers’ Comp Insurers to Play Integral Role in Tragedy’s Aftermath
• Aon Provides Update to Clients and Stockholders
• NAIC Cancels Fall National Meeting in Boston
• AON Says It Still Can’t Account for About 200 Employees
• Insurers Will Do ‘Everything Within Their Power’ to Ease Claims Process in WTC Disaster September 1
• St. Paul Re’s New York Operations Continue from Morristown, N.J.
• CIAB Cancels Insurance Leadership Forum
• AIG Issues Preliminary Estimate of Losses Resulting from Terrorist Attacks By Charles E. Boyle Sep
• S&P: Insurance Industry Not Crippled by WTC Attack
• IIAA, New York Association Establish America’s Survivor Relief Fund
• HCC Comments on WTC Tragedy, Anticipated Impact on 3Q Results
• Odyssey Re Reports Preliminary Estimate of Exposure From Terrorist Attacks
• GMAC Issues Statement Regarding Exposure in Connection with WTC Properties
• ACE Ltd. Evaluates Exposure in the Wake of Terrorist Attacks
• The St. Paul Cos. Issues Statement on Sept. 11 Attacks
• Midway Airlines Ceases Operations Following Terrorist Attacks
• SCOR Group Issues Statement on Tragedy
• Collection at Conference & Expo 2001 for Victims of Terrorist Attack
• SCPIE Operations Not Affected by Loss of Office
• Insurance Companies Had Major Presence in World Trade Center
• Aon 2001 Resource Fair Cancelled
• Insurance Technologies Postpones 2001 User Conference
• Lutine Bell Rung for Victims of U.S. Terror Attacks
• NAMIC Annual Convention Cancelled in Face
• Global Insurance System Has Financial Strength to Handle Losses, I.I.I. Says
• Terrorist Attack Likely to Have Modest Impact on Property Insurers, Weiss Says
• MMC Working to Locate Employees, 1,300 Reported Safe
• Officials Begin to Assess the Damage as Smoke Clears, Casualties Mount
• Majority of Aon Employees Safe, Company Reports
• NAII Releases Follow-Up on Insurance Ramifications of Attack
• RLI Expects Limited Losses, Is Fully Operational
• The Hartford Is Ready to Assist Customers Affected by Terrorist Attacks
• Lloyd’s Says Estimates of Total U.S. Damage ‘Deeply Flawed’
• International Insurance Stocks Plunge for
• Chubb Announcement Regarding Sept. 11 Tragedies
• Insurance Stocks Pummeled in International Trade, NYSE Will Not Resume Trade Wednesday September 11
• RLI Corp. World Trade Center Office Closed
• IIAH Cancels Legislative Luncheon
• Lloyd’s of London Evacuates Office Towers Following U.S. Terrorist Attacks
• Use of Credit Scoring is ‘Unreliable, Inaccurate,’ NAAA Believes
• A.M. Best Releases 6-Month Property/Casualty Results
• Terrorist Acts Strike New York and Washington
• World Trade Center Attacks Will Be the Most Costly Man-Made Disaster in U.S. History, Insurance Info
• IIAA Expresses Condolences, IIAANY Coordinates Agent Community Response
• NAPSLO Cancels Annual Convention
• NAMIC May Cancel Convention in Wake of Disaster
• NAII Comments on Terrorist Attacks
• Fear of the Unknown–The Mold Issue Raises More Questions Than Answers (Part II) By Catherine Tapia
• Use of Credit Scoring is ‘Unreliable, Inaccurate,’ NAAA Believes
• Online Insurance Marketplaces Going After Small Business, IDC Reports
• Frontier Pacific Insurance Co. Conserved
• Kingsway Expands Nonstandard Auto in U.S.
• Progressive Survey: Nearly 1 in 10 Consumers Likely to Commit Insurance Fraud
• HCC to Enter Surety Market
• AIG Cuts Staff, Announces Management Changes After Am Gen Integration
• NAMIC Launches MoldUpdate.com
• NAMIC Launches MoldUpdate.com
• The St. Paul Revamps Marine General Liability Product
• New SAFECO CIO Focused on Innovation in Technology
• New SAFECO CIO Focused on Innovation in Technology
• NAMIC to Host 106th Annual Convention in Washington, D.C.
• PLUS Introduces Computer-Based Testing for RPLU Program
• Courts Continue to Reject Diminished Value Concept in Class Actions
• INSpire Reaches Settlement of Suit Against Motors Insurance and GMAC
• Farmers Insurance Group Recognized by NFIP
• Fireman’s Fund Insurance Selects CGI for 10-Year IT Outsourcing
• Insurity Releases Web Interface for Commercial Intellisys

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