Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Builder’s Risk Remains Difficult But Manageable, Advises Mercator
Jun 13 2007 // The rest of 2007 will continue to be a difficult time for developers and builders to secure builder’s risk insurance for their projects, according to experts at independent wholesale insurance broker Mercator Risk...
Florida Company Recalls China-Made Shir Toothpaste in U.S.
Jun 13 2007 // A Florida company issued a U.S.-wide recall of toothpaste it imported from China and distributed to wholesalers, saying that the product may contain a poisonous chemical. Gold City Enterprise LLC said the roughly 170,000...
Hartford Financial Reports Changes at the Top; Names Marra President
Jun 13 2007 // The Hartford Financial Services Group, Inc. has named Thomas M. Marra to the newly created position of president and chief operating officer. Marra, 48, currently a member of the company’s board of directors and...
S&P: 2007 Mid-Year Outlooks for U.S. P/C Teleconference Today
Jun 12 2007 // Standard & Poor’s Ratings Services will hold a telephone conference call today, June 12, 2007, at 11:00 AM Eastern Standard Time, 4:00 PM U.K. Time, to present an overview of its ratings outlooks for the U.S....
La. Judge: Fed. Prosecutors Should Get Involved in Whistle-Blower Case
Jun 11 2007 // The judge in New Orleans who unsealed a federal whistle-blower case accusing insurance companies of overbilling the National Flood Insurance Program says the U.S. Department of Justice should get involved or explain why...
Best Places Two Kingsway Subs ‘Under Review/Negative’- Company Analysis
Jun 8 2007 // A.M. Best Co. has placed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit ratings (ICR) of “a-” of Penn.-based Lincoln General Insurance Company and Barbados-based...
U.S. Appeals Court Hears Arguments in Katrina Levee Lawsuits
Jun 8 2007 // A U.S. appeals court judge promised a swift ruling in a case pitting New Orleans homeowners against insurance companies for their refusal to cover damage from the failure of levees in Hurricane Katrina’s aftermath in...
Ratings Recap: QBE (US); HSBC; Genworth; State Farm; Mystic Re II
Jun 7 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and the issuer credit ratings (ICR) of “a” of New York-based QBE Re Group U.S. and its members. Best also removed...
Ratings Roundup: Jefferson; Southern Guaranty; Professionals Direct
Jun 6 2007 // A.M. Best Co. has assigned a financial strength rating of “A” (Excellent) and an issuer credit rating of “a+” to New York-based Jefferson Insurance Company. The outlook is stable, in line with that...
Authorities Make Arrests in NYC Terror Plot at JFK Airport
Jun 5 2007 // Federal authorities announced they had broken up a suspected Muslim terrorist cell planning a “chilling” attack to destroy John F. Kennedy International Airport, kill thousands of people and trigger an economic...
German Chancellor to Make Climate Protection Top G-8 Priority
Jun 4 2007 // Climate protection is a top priority for German Chancellor Angela Merkel at next week’s G-8 summit, but she said in an interview released Sunday she was skeptical that the world’s industrial leaders would agree...
Why the United States must make TRIA permanent
Jun 4 2007 // It is important to take a moment to talk about the importance of the Terrorism Risk Insurance Act and why I believe we must act again to establish a more permanent federal initiative to provide coverage from potential...
It Figures
Jun 4 2007 // 50% Associated Press reported that a judge in Little Rock found that none of the committees at Wal-Mart’s various hiring sites had a majority of African Americans and some had no blacks. U.S. District Judge William...
Republic CEO: P/C mergers and acquisitions likely to ‘skyrocket’
Jun 4 2007 // The statutory surplus for property and casualty insurers is at a record $488 billion, according to the CEO of one Dallas-based regional carrier, and they are going to be looking for somewhere to put that cash to work....
People and Places
Jun 4 2007 // National Insurance Partners Inc. (NIP), a Texas-based risk management and financial solutions firm, has appointed William E. Harrison, Jr. as president. Harrison brings 16 years of experience in the insurance industry to...
Tough products don’t need to be an underwriting challenge
Jun 4 2007 // Skis, ladders, pacemakers and nutra-ceuticals 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,...
Why the United States must make TRIA permanent
Jun 4 2007 // It is important to take a moment to talk about the importance of the Terrorism Risk Insurance Act and why I believe we must act again to establish a more permanent federal initiative to provide coverage from potential...
Why the United States must make TRIA permanent
Jun 4 2007 // It is important to take a moment to talk about the importance of the Terrorism Risk Insurance Act and why I believe we must act again to establish a more permanent federal initiative to provide coverage from potential...
People and Places
Jun 4 2007 // Emeryville, Calif.-based Commodore Insurance Services Inc. appointed Mark Cravens president. Cravens was recently with Wellington Underwriting, which was acquired by Catlin, where he led development of catastrophe modeling...
News Currents
Jun 4 2007 // Jury finds Brightpoint-AIG finite reinsurance deal violated SEC laws A federal jury in a civil case recently that a former Brightpoint executive violated U.S. securities laws by helping a colleague create a finite...
