Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Chubb Offers E&O Policy for Government Technology Contractors
Sep 4 2007 // The lack of familiarity with Federal Acquisition Regulations and government immunities can leave U.S. government contractors exposed to costly lawsuits from customers and business partners, says Chubb Group of Insurance...
Appeals Court Orders New Trial for Damages in Ford Rollover Case
Sep 4 2007 // An appeals court in San Francisco threw out a decision that would have given $52 million to the parents of a toddler killed by a rolling pickup truck, and asked for a new jury to set punitive damages in the case. This is...
U.S. Distributes $109 Million to States with Primary Seat Belt Laws
Sep 4 2007 // U.S. Transportation Secretary Mary E. Peters announced that 17 states, the District of Columbia, Puerto Rico and four territories will receive more than $109 million under a federal program to encourage and enforce seat...
Marsh UK warns of possible liabilities
Sep 3 2007 // Marsh UK has issued a warning to the European financial services sector, including insurance companies, hedge funds, banks and ratings agencies, that “they may be exposed to greater directors’ and...
Latinos and property casualty insurance products
Sep 3 2007 // As the Latino population continues to grow, marketers are directing more efforts to reach this segment. Every company in the United States has asked itself the question: how do we attract Latino consumers? And many are now...
Marsh UK warns of possible liabilities
Sep 3 2007 // Marsh UK has issued a warning to the European financial services sector, including insurance companies, hedge funds, banks and ratings agencies, that “they may be exposed to greater directors’ and...
People and Places
Sep 3 2007 // Richard E. Meuret has been appointed vice president and manager, Field Operations Analysis, for Liberty Mutual Agency Markets regional company operations. Meuret will be based in the insurer’s Boston home office and...
Marsh cautions Europeans on U.S. subprime crisis
Sep 3 2007 // Insurance broker Marsh UK issued a warning to the European financial services sector, including insurance companies, hedge funds, banks and ratings agencies, that “they may be exposed to greater D&O and E&O...
Report: insurers did not shift wind claims
Sep 3 2007 // A preliminary report from the federal government has found no evidence to support allegations that private insurers improperly shifted wind damage claims from Hurricane Katrina onto the federal government’s flood...
MARSH UK: POSSIBLE LIABILITIES FROM SUBPRIME DEFAULTS
Sep 3 2007 // Marsh UK recently issued a warning to European financial services sectors, including insurance companies, hedge funds, banks and ratings agencies, that “they may be exposed to greater Directors’ and...
News Currents
Sep 3 2007 // Report: insurers did not shift wind claims A preliminary report from the federal government has found no evidence to support allegations that private insurers improperly shifted wind damage claims from Hurricane Katrina...
People
Sep 3 2007 // Richard E. Meuret has been appointed vice president and manager, Field Operations Analysis, for Liberty Mutual Agency Markets regional company operations. Meuret will be based in the insurer’s Boston home office and...
Marsh cautions Europeans on U.S. subprime crisis
Sep 3 2007 // Insurance broker Marsh UK issued a warning to the European financial services sector, including insurance companies, hedge funds, banks and ratings agencies, that “they may be exposed to greater D&O and E&O...
Aviva USA Selects West Des Moines for New U.S. Heaquarters
Aug 31 2007 // Insurance and pension provider Aviva USA plans to build its new national headquarters in West Des Moines, Iowa, a project that will result in an investment of up to $150 million and 400 jobs, the company’s CEO said...
ACE Expands Global Environment Coverage for US Multinationals
Aug 31 2007 // ACE USA announced from its Philadelphia headquarters that it has expanded its suite of environmental liability insurance products to meet “the unique exposures of U.S. multinational organizations with global...
U.S. Mine Industry Worried About Thefts of Emergency Air Packs
Aug 31 2007 // Underground coal miners in the United States are facing a new and apparently growing safety threat: the theft of emergency air packs. Authorities say the devices have been disappearing from mines, particularly in the state...
ACE Expands Environmental Policy
Aug 31 2007 // ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, has expanded its suite of environmental liability insurance products to cover the exposures of U.S. multinational organizations with global...
S&P: Insurers’ Investments ‘On Solid Ground’ Despite Subprime Credit Crisis
Aug 30 2007 // Standard & Poor’s Ratings Services has recently completed a survey covering all the insurance and reinsurance companies it rates globally to determine their exposure to U.S. subprime mortgage-related...
U.S. Insurers’ Subprime Exposure ‘Minimal,’ Says Fitch Ratings
Aug 30 2007 // According to a new report from Fitch Ratings, the U.S. property casualty insurance industry’s risk from various subprime mortgage exposures is “minimal.” Fitch said it based its conclusion on an analysis...
Ratings Recap: Sompo (U.S.); Clarendon, Kentucky National
Aug 30 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and assigned an issuer credit rating (ICR) of “a” to New York-based Sompo Japan Insurance Company of America (SJA)....
