Monthly Archives: <span>January 2005</span>

Trade Ministers to Seek Doha Accord; Agreement Could Bolster International Insurance Market

Although the world’s developed and developing nations still appear to be far apart on concluding new agreements on international trade, they’ve at least agreed to make a new attempt to do so. The so-called Doha round of trade talks hit …

Tsunami Losses Less Than $4B Reports RMS

Risk Management Solutions (RMS) has announced estimates that insured losses from the 2004 Southeast Asia earthquake and tsunami will be less than $4 billion, based on the information available within the first three weeks after the disaster. The disaster has …

Strategic Independent Agents Alliance Names Ohio Master Agency

Hampton, N.H.-based agency cooperative Strategic Independent Agents Alliance announced that American Heritage Insurance Group LLC of Cincinnati has established the Insurance Connection LLC as an SIAA master agency. Their exclusive territory covers sections of southwest and western Ohio. Mike Rice …

MetLife to Acquire Travelers Life for $11.5 Billion; Firms Also Plan Distribution Partnership

MetLife, Inc. and Citigroup Inc. today announced an agreement for the sale of Citigroup’s Travelers Life & Annuity, and substantially all of Citigroup’s international insurance businesses, to MetLife for $11.5 billion, subject to closing adjustments. Combining Travelers Life & Annuity …

Marsh Reaches $850M Deal With N.Y. AG Spitzer and Insurance Department

Marsh & McLennan Companies, Inc. (MMC) today confirmed an agreement with the New York State Attorney General and the Superintendent of the New York State Insurance Department that resolves the actions that were commenced against MMC and Marsh Inc. over …

Fire Service Leaders Claim National Fire Academy in Fight to Survive as Funds Go to Law Enforcement

Training in fire prevention and protection at the National Fire Academy is being slowly degraded as the federal Department of Homeland Security shifts funds to law enforcement and other programs, national fire service leaders say. The school in northern Frederick …

Deaths, Injuries Linked to ATVs on the Rise

More people than ever are being killed and injured on all-terrain vehicles as the number of riders increases, according to government statistics. New estimates from the Consumer Product Safety Commission show that 621 people were killed in 2002, the most …

N.J. Lawyers Sue to Scrap Med-Mal Insurance Fee

The New Jersey Legislature could have seen this coming. It enacted a law requiring the state’s lawyers, and many doctors, to pay $75 a year for three years to help doctors in high-risk specialties pay for malpractice insurance. Now the …

Virginia Senate Gets Tough on Teen Drivers, Passing Cell Phone Ban, Seat Belt and Curfew Bills

A bill that bans Virginia motorists younger than 18 from talking on cellular phones while driving and subjects them to tickets if they don’t wear seat belts won easy Senate passage last week. By a 32-7 vote, a bill that …

AIMS Society’s 18th Annual Retreat Still Open

The American Insurance Marketing and Sales (AIMS) Society, a national organization dedicated to providing sales training, networking and marketing innovation to insurance professionals, said that agents still can register for its 18th Annual PRO-to-PRO Executive Retreat in the Westin Casuarina …