Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
PartnerRe Makes Executive Changes in Global (Non-U.S.) Operations
Jun 2 2008 // Bermuda-based PartnerRe has announced the following executive changes in its Global (Non-U.S.) Operations: — Emmanuel Clarke has been named as Head of Specialty Lines, Global, effective Sept. 1, 2008. — He...
It Figures
Jun 2 2008 // $94,614,453.59 Arkansas has racked up nearly $95 million in insured losses from four major storm systems that hit the state so far this year. May 10 storms caused $17,150,530.56 in damages, the Arkansas Insurance...
Credit Woes May Cause Turbulence in Catastrophe Markets
Jun 2 2008 // Florida, Louisiana and Texas may be most at risk The credit crunch in the U.S. financial markets that boiled over due to the subprime mortgage meltdown may affect the ability of insurers and reinsurers that cover coastal...
Insurance Companies Face Global Warming Claims
Jun 2 2008 // Corporations exposed to liability for greenhouse gas emissions The industry is about to enter an era of global warming insurance claims. Scientists have been warning about the impact global warming could have if greenhouse...
Auto Insurers Seek to Attract Latinos
Jun 2 2008 // Majority of advertising appearing in Spanish language media Automobile insurers are hungering for the Hispanic market’s premium dollars, according to a new report by Hispanic Market Weekly that analyzed marketing and...
Lawsuits Against Lenders Accelerate Amid U.S. Housing Crisis
Jun 2 2008 // The U.S. housing crisis has caused huge loan losses at big lenders but also spawned a slew of class-action lawsuits against them, many alleging noncompliance with consumer disclosure rules. “The compliance issue is a...
RBS Extends Insurance Offer Deadline into June
May 30 2008 // Initial, informal offers for Royal Bank of Scotland’s insurance arm are unlikely before next week after a first deadline was delayed on the request of several suitors, sources close to the process said. First-round...
Europe’s Insurers Lead M&A Activity Says Conning Report
May 29 2008 // “Global insurance industry acquisitions in 2007 were driven by non-U.S. insurers, primarily Western European firms-who clearly see value in this market,” stated Sherry Manetta, director at Conning Research...
U.S. Risk Launches MedTour Pro for Medical Tourism Industry
May 29 2008 // U.S. Risk Underwriters, a subsidiary of U.S. Risk Insurance Group, Inc. launched a new professional liability product for the medical tourism industry called MedTour Pro. MedTour Pro is designed for medical tourism...
Generali Pulls Out of RBS Insurance Deal as Deadline Nears
May 29 2008 // Italy’s Generali dropped out of the running for Royal Bank of Scotland’s insurance arm on Wednesday, hours ahead of a first bid deadline, prompting speculation that interest in the asset is fading. RBS,...
Prosecutors Seek Jail Term for Former Trial Attorney Weiss
May 27 2008 // Federal prosecutors Friday recommended Melvyn Weiss, the long-reigning king of multibillion-dollar U.S. class action litigation, spend no more than 33 months in jail for paying secret kickbacks to clients. Weiss, 72,...
Anti-Bias Laws Cover Retaliation Claims, U.S. Supreme Court Rules
May 27 2008 // Employees who complain of racial bias in the workplace and then face retaliation can sue under a post-Civil War-era law barring discrimination, the U.S. Supreme Court ruled Tuesday. In a second similar decision, the high...
Insurance Australia Group CEO Steps Down After Rejection of QBE Bid
May 27 2008 // It didn’t take long for a number of angry shareholders of Insurance Australia Group (IAG) to exert enough pressure to force the summary resignation of CEO Michael Hawker. IAG’s board rejected the A$8.2 billion...
Zurich Favored to Buy RBS Insurance
May 27 2008 // Rivals are circling Royal Bank of Scotland’s insurance arm as a bid deadline approaches, but aside from Zurich Financial Services, few may have the desire and firepower to buy Britain’s largest motor...
Lawsuits Against Lenders Accelerate Amid U.S. Housing Crisis
May 27 2008 // The U.S. housing crisis has caused huge loan losses at big lenders but also spawned a slew of class-action lawsuits against them, many alleging noncompliance with consumer disclosure rules. “The compliance issue is a...
Zurich Frontrunner for Royal Bank of Scotland Insurance Buy
May 23 2008 // Rivals are circling Royal Bank of Scotland’s insurance arm as a bid deadline approaches, but aside from Zurich Financial Services, few may have the desire and firepower to buy Britain’s largest motor...
U.S. Offers Political Risk Insurance for Investments in Palestinian Economy
May 23 2008 // A U.S. government agency signed a political risk insurance deal with a Palestinian firm Thursday to help guarantee investments in the West Bank as part of an international effort to develop the beleaguered local...
Howden Launches U.S. Wholesale Brokerage Division in Miami
May 23 2008 // Miami-based Howden, specialist liability broker and part of the global insurance group Hyperion, launched a new wholesale brokerage division. Howden Broking Group’s Miami office will offer brokers a global network of...
Mass. Approves Mapfre Acquisition of Commerce Insurance
May 22 2008 // Massachusetts Commissioner of Insurance Nonnie S. Burnes has approved the acquisition of Commerce Insurance Co., principal subsidiary of The Commerce Group of Webster, Mass., by the Spanish insurance company Mapfre,...
Even Rich Feel Pinch as U.S. Economic Woes Move Up Income Ladder
May 22 2008 // The lifestyles of the rich may be set for a downgrade as the U.S. economic malaise works its way up the income ladder, according to a survey released Wednesday. The sharp slide in confidence among lower-income households...
