Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Business Moves
Aug 3 2009 // Met Life MetLife Inc. is combining its institutional and individual businesses, as well as its auto and home insurance unit, into a single U.S. business organization. William J. Mullaney, who has served as president of...
Why Bankruptcy Rates Vary By State
Aug 3 2009 // State Policies, More Than Differences Among People, Tend to Influence Bankruptcy Rates In a previous edition of Insurance Journal (July 20, 2009, “Tackling Client Bankruptcy: How to Help Clients Work Through the...
Why Bankruptcy Rates Vary By State
Aug 3 2009 // State Policies, More Than Differences Among People, Tend to Influence Bankruptcy Rates Twenty-four percent of agents and brokers have had business customers go into bankruptcy in the past two years; another 24 percent have...
Business Moves
Aug 3 2009 // SureTec Houston, Texas-based SureTec Insurance Co. announced that Greg Faulx has joined the company as vice president and will head its new regional office in Denver. Faulx was a key member of the original management team...
2nd ‘Stanford’ Suit Targets Willis; Terrorist Bombs Kill 9 in Indonesia; Insurance Fraud on the Rise in UK; Lloyd’s ‘Fli
Aug 3 2009 // Willis has been named in a second lawsuit stemming from its relation with indicted financier Allen Stanford. A Venezuelan investor, Reinaldo Ranni, filed a class action in U.S. federal court in Miami on July 17, accusing...
HRH Acquisition Helps Boost Willis’ Revenues by 19% in Q2
Jul 30 2009 // Willis Group Holdings Limited (NYSE: WSH) reported the company’s total second quarter revenues were up by 19 percent, an increase due primarily to the HRH acquisition. Total reported revenues for the quarter ended...
How to Help Clients Work Through the Challenges of Business Bankruptcy
Jul 30 2009 // Bankruptcy. It’s a word agents and brokers will need to get used to hearing from their business clients. It’s not just occurring on Wall Street; it’s happening every day on Main Streets across the country...
Some Question Michigan Judge’s Refusal to Recuse in Insurance Case
Jul 29 2009 // A Michigan Supreme Court justice’s decision not to recuse herself from a case that pertains to her husband’s profession contradicts the spirit of a recent U.S. Supreme Court ruling on when judges should step...
U.S. and China Sign Memorandum on Climate Change
Jul 29 2009 // The United States and China, the world’s largest emitters of greenhouse gases, signed an agreement Tuesday that promises more cooperation on climate change, energy and the environment without setting firm...
Torus Names Anand Global COO
Jul 29 2009 // Bermuda-based Torus Insurance (Holdings) Ltd. announced the appointment of Naveen Anand as Global Chief Operating Officer. He will be based in New Jersey and will report directly to Clive Tobin, Chief Executive of...
Chicago-Based Insurance Group Entering U.S. Latin American Market
Jul 29 2009 // The Wyncrest Group Inc., a niche insurance consortium based in Chicago, Ill., announced its entrance into the Latin American insurance market in the U.S. The company said its pending acquisition of Florida Insurance...
U.S. Senate May Drop Public Health Care Option
Jul 29 2009 // Lawmakers on both sides of the Capitol struggled to reach a health care deal Tuesday, with Senate Democrats near agreement with three Republicans on a plan that would not include a government-run insurance option backed by...
Chartis: Other Firms Share AIG’s New Name; Is It a Name to Remember?
Jul 28 2009 // A U.S. health care advisory group and a London-based risk technology research firm share something in common with American International Group’s (AIG) new brand Chartis Insurance: a name. But it’s doubtful they...
U.S. Launches Auto ‘Clunker’ Program
Jul 27 2009 // The U.S. government launched a $1 billion cash incentive program on Friday to stimulate auto sales by getting consumers to part with gas guzzling cars and trucks and buy more fuel efficient vehicles. The program, which...
Johnson, Mowinski Named Midwest VPs for Torus Insurance
Jul 27 2009 // Global specialty insurer Torus Insurance has appointed Dennis Johnson and Mark Mowinski as vice presidents and senior property underwriters, responsible for underwriting in the Midwestern U.S. They will both report to...
WWII Veteran Wins Malpractice Suit Against Hospital in Mississippi
Jul 24 2009 // A judge has awarded $749,000 to the estate of a World War II veteran who lost much of his vision during a surgery at the U.S. Department of Veterans Affairs medical facility in Jackson, Mississippi. Charles West died May...
Max Specialty Admitted in Puerto Rico
Jul 23 2009 // The Bermuda-based Max Capital Group Ltd. announced that Max Specialty Insurance Company, a Delaware licensed insurer, is now approved to write business on a non-admitted basis in 49 other states, the US Virgin Islands and...
‘Global’ Payments for Doctors, Hospitals Seen As Way to Curb Medical Costs
Jul 23 2009 // A proposal to overhaul the way doctors and hospitals are paid in Massachusetts, a pioneer in healthcare, could help hold down spiraling costs and may have lessons for Washington as it grapples with reforming the U.S....
SCOR Acquires XL Life America
Jul 23 2009 // SCOR Global Life US (SGL U.S.), a wholly-owned subsidiary of France’s SCOR Group, has reached a definitive agreement to acquire XL Re Life America Inc. (XLRLA), a subsidiary of XL Capital Ltd. The total consideration...
Ratings Recap: QBE (US), Triangle, Zurich (US) Subsidiaries
Jul 22 2009 // Standard & Poor’s Ratings Services has assigned its ‘A+’ counterparty credit and financial strength ratings to QBE Specialty Insurance Co. (QSIC) with a stable outlook. “We view QSIC to be a...
