Personal Lines

An insurance executives' think tank in advance of tomorrow's London G-20 meeting has written finance leaders advising them that any regulatory moves to fix the economic crisis should recognize the difference between banks and insurers.

Three pension funds are asking the government trustees overseeing the U.S. loan to American International Group to withhold their support for one of the AIG board members who served on the company's compensation committee.

Insurance Services Office in Jersey City, N.J., announced they are offering a new facility so insurers can report title data for total loss vehicles to comply with federal law aimed at preventing sales of stolen and salvaged motor vehicles.

Erie, Pa.-based auto insurer Erie Indemnity Company said Marcia A. Dall is its new chief financial officer, replacing Philip A. Garcia, who is leaving the company after 28 years of service.

Moody's Investors Service lowered the financial strength rating and credit ratings of The Hartford Financial Services Group Inc. citing continued weakness in earnings and investment losses.

Insurer associations disagreed today on the extent of insurer assessment increases contained in the New York State budget agreed upon over the weekend.

Property-casualty insurers in the United Kingdom are more optimistic about rates increasing and the future of their operations than three months ago and plan to hire additional workers, according to a consulting firm study.

NU readers answering our first online poll agreed recent clashes between Washington and AIG make federal insurance regulation more likely. This week's poll asks if AIG will be able to repay its bailout funding. Respond at www.property-casualty.com.