Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
U.S. Reinsurers’ Report Premiums Dropped in 2d Quarter
Aug 29 2007 // The Reinsurance Association of America (RAA), a group of 22 U. S. property and casualty reinsurers, reported writing $12.2 billion of net premiums during the six-months ended June 30, 2007, a decrease of $7.5 million from...
CRM Has No ‘Material Exposure’ to Subprime Crisis
Aug 28 2007 // CRM Holdings, Ltd., the Bermuda-based holding company of Compensation Risk Managers, LLC, a leading administrator of group self insurance workers’ compensation programs, stated that it “does not have any...
Suncorp FY Net up 16.2% to $877 Million; Promina ‘on Track’
Aug 28 2007 // Australian banking and insurance group Suncorp-Metway reported a 16.2 percent increase in net profit after tax to a record A$1.064 billion (US$877 million), which includes 15 weeks’ contribution from Promina, the...
U.S. Risk Names Stringer to Head Brokerage Operations
Aug 28 2007 // U.S. Risk Insurance Group Inc. has named Monte Stringer executive vice president and national brokerage manager of U.S Risk Brokers, the company’s wholesale excess and surplus lines insurance brokerage operations. In...
Moody’s: US Sub-prime Crisis has ‘Limited Direct Impact’ on European Insurers
Aug 27 2007 // The London office of Moody’s Investors Service has issued a new “Special Comment” analyzing the current crisis in the US sub-prime mortgage market and “the related uncertainty surrounding structured...
Tenn. Judge Denies Bail for Suspect in Cherokee Forest Fires
Aug 27 2007 // A judge denied bail for a suspect charged with setting fires in Tennessee’s Cherokee National Forest that damaged at least 100 acres of timber. John Wesley Irons, 60, poses a serious risk to the community if he is...
Marsh UK Warns of Possible E&O, D&O Liabilities from Subprime Defaults
Aug 21 2007 // 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 Directors’ and Officers’...
Mo. Attorney General Creates Clearinghouse Site to Track Recalls
Aug 21 2007 // To help Missouri consumers keep track of the latest recalls, Attorney General Jay Nixon on Friday, Aug. 17th launched a new Web site to serve as a clearinghouse. The page brings together detailed information on recalls...
QBE H1 Net up 56% to $740 Million
Aug 20 2007 // Australia’s QBE Insurance Group reported a hefty 56 percent increase in after tax net profit for the half year to June 30, 2007 to a record A$921 million (US$740 million), compared to A$591 million (US$475 million)...
Court affirms flood exclusions in La. property policies
Aug 20 2007 // Two federal appeals court rulings in early August in class-action lawsuits stemming from Hurricane Katrina-related property damage in Louisiana underscored the validity of flood exclusions in property insurance...
No region of country is immune to wildland fires
Aug 20 2007 // Some states face tougher seasons than others but every state must deal with the threat Historically, the lion’s share of in-season wildland fires occurs in the country’s western regions, however, as evidenced...
Operators, not watercraft, cause accidents
Aug 20 2007 // According to U.S. Coast Guard, boating accidents on the water increased in 2005 with 4,969 reported accidents and 697 fatalities. California ranked first with 630 reported boating accidents and 58 fatalities in 2005, and...
Reinsurance 2007 — A victim of success?
Aug 20 2007 // Record earnings, capitalization and profits deliver new challenges for reinsurers If the reinsurance industry were a game of golf, one would say that after three rounds — the two halves of 2006 and the first half of...
News Currents
Aug 20 2007 // No region of country is immune to wildland fires Some states face tougher seasons than others but every state must deal with the threat Historically, the lion’s share of in-season wildland fires occurs in the...
News Currents
Aug 20 2007 // Court affirms flood exclusions in La. property policies Two federal appeals court rulings in early August in class-action lawsuits stemming from Hurricane Katrina-related property damage in Louisiana underscored the...
Reinsurance 2007 – A victim of success?
Aug 20 2007 // If the reinsurance industry were a game of golf, one would say that after three rounds — the two halves of 2006 and the first half of 2007 — it tops the leader board. But as any golf buff knows the final 18...
Operators, not watercraft, cause accidents
Aug 20 2007 // According to U.S. Coast Guard, boating accidents on the water increased in 2005 with 4,969 reported accidents and 697 fatalities. California ranked first with 630 reported boating accidents and 58 fatalities in 2005, and...
Interim Report: No Proof Insurers Labeled Katrina Wind Claims as Flood
Aug 16 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...
Former N.Y. Mail Carrier Lied to Get Workers’ Comp Benefits
Aug 15 2007 // A former New York postal worker who said he suffered a back injury on the job 16 years ago has admitted to bilking the government out of nearly $400,000 in workers’ compensation benefits. David VanDeusen, 56, of...
Official Blames Safety Flaws in U.S. Aviation System for Comair Crash
Aug 15 2007 // A lead investigator of last summer’s deadly Comair plane crash in Kentucky that killed 49 people says the accident exposed “latent failures” across the nation’s aviation system. In an eight-page...
