Latest USA Headlines

How to make insuring tough product liability accounts easier

Jul 23 2007 // Skis, ladders, pacemakers and nutraceuticals may be different products at first glance, but all share challenges in finding coverage. According to Nan Meyer, product manager for Shand-Morahan, and David Rosenburg,...

Treasury chief Paulson vows review of U.S. financial services regulation

Jul 23 2007 // The Bush administration plans to review the U.S. government’s regulatory system for financial institutions with the goal of making changes to better reflect modern markets. Treasury Secretary Henry Paulson said the...

U.S. P/C INSURERS PAY $2.1 BILLION IN CAT LOSSES

Jul 23 2007 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $2.175 billion for second-quarter property losses resulting from a total of six catastrophes in 25 states — tying the record...

How to make insuring tough product liability accounts easier

Jul 23 2007 // Skis, ladders, pacemakers and nutraceuticals may be different products at first glance, but all share challenges in finding coverage. According to Nan Meyer, product manager for Shand-Morahan, and David Rosenburg,...

P/C industry net income, overall profitability slips

Jul 23 2007 // The U.S. property/casualty insurance industry’s net income after taxes dipped to $15.8 billion in first-quarter 2007 from $16.7 billion in first-quarter 2006 and $17.7 billion in first-quarter 2005, according to...

Business Moves

Jul 23 2007 // Willis, InsuranceNoodle Willis Group Holdings Limited, the global insurance broker, has acquired Chicago-based InsuranceNoodle, an Internet distributor of U.S. small business insurance. Terms of the transaction were not...

Jul 23 2007 // People Cary Schneider, senior vice president of the Insurance Information Institute, has been elected executive vice president by the organization’s board of directors. Schneider assumes new responsibilities for...

Despite firefighting prowess, the Russians aren’t coming

Jul 23 2007 // While the Southeast’s largest wildfire in over a century was still smoldering in Georgia after burning 903 square miles, a fresh conflagration reared its ugly head in California, and an American pilot from Virginia...

How to make insuring tough product liability accounts easier

Jul 23 2007 // Skis, ladders, pacemakers and nutraceuticals may be different products at first glance, but all share challenges in finding coverage. According to Nan Meyer, product manager for Shand-Morahan, and David Rosenburg,...

Business Moves

Jul 23 2007 // Willis, InsuranceNoodle Willis Group Holdings Limited, the global insurance broker, has acquired Chicago-based InsuranceNoodle, an Internet distributor of U.S. small business insurance. Terms of the transaction were not...

After review of mine tragedies, U.S. promises stricter inspections

Jul 23 2007 // Federal inspectors missed obvious problems and failed to follow procedures at the Sago Mine in West Virginia and two other underground coal mines where 19 men died in high-profile accidents last year, the Mine Safety and...

U.S. Senate panel weighs funding for weather satellites

Jul 23 2007 // Cuts to planned weather and environmental satellites will significantly affect scientists’ ability to study the Earth’s climate, experts told a U.S. Senate committee. The Commerce, Science and Transportation...

Figures

Jul 23 2007 // $2.175 Billion U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $2.175 billion for second-quarter property losses resulting from six catastrophes in 25 states — tying the...

Declarations

Jul 23 2007 // Declarations In service to their country “It is important that members of the Armed Services who enlist in, or return from, active duty are not penalized by their insurance companies for the period of time in which...

Despite firefighting prowess, the Russians aren’t coming

Jul 23 2007 // While the Southeast’s largest wildfire in more than a century was still smoldering in Georgia after burning 903 square miles, a fresh conflagration reared its ugly head in California, and an American pilot from...

News Currents

Jul 23 2007 // Bermuda shorted as more U.S. captives form onshore, Aon reports Bermuda’s reign as the undisputed global leader among captive domiciles is being challenged by U.S. companies that are increasingly leaning toward...

Treasury chief Paulson vows review of U.S. financial services regulation

Jul 23 2007 // The Bush administration plans to review the U.S. government’s regulatory system for financial institutions with the goal of making changes to better reflect modern markets. Treasury Secretary Henry Paulson said the...

News Currents

Jul 23 2007 // P/C industry net income, overall profitability slips The U.S. property/casualty insurance industry’s net income after taxes dipped to $15.8 billion in first-quarter 2007 from $16.7 billion in first-quarter 2006 and...

Federal Anti-Terror Funds to Connecticut Increase

Jul 20 2007 // Connecticut will get $23 million in federal homeland security grants this year, an increase of about $10 million from a year ago largely because of new funding for police, fire and medical emergency radios, officials said...

RAA Releases 2006 Statistical Report on Offshore Reinsurance in the U.S.

Jul 18 2007 // In 2006, total U.S. premium ceded to offshore reinsurers was $54.7 billion and ceded recoverables totaled $114.2 billion, according to a report released by the Reinsurance Association of America (RAA), “Offshore...