Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
U.S. Securities, Insurance Firms Gain Greater Market Access in China Talks
May 25 2007 // China promised to allow U.S banks, securities firms and insurance companies greater access to its financial markets during two days of high-level talks that ended Wednesday. Companies such as insurance provider American...
Sens. Sununu, Johnson Reintroduce Optional Federal Charter Legislation
May 25 2007 // United States Senators John Sununu, R-NH, and Tim Johnson, D-SD, reintroduced “The National Insurance Act of 2007,” legislation that aims to modernize insurance industry regulation by providing an optional...
Detailed Database of Global Terrorism Attacks Now Available Online
May 25 2007 // What researchers say is the world’s largest unclassified database of terrorism attacks is now available online for general use by researchers, policy-makers, media and the general public. The Global Terrorism...
Ill. Judge Seeks to Reopen $10.1 Million “Light” Cigarette Lawsuit
May 23 2007 // A judge whose $10.1 billion judgment against Philip Morris USA in a lawsuit over light cigarettes was thrown out on appeal is asking a court whether he can revive the case. Madison County Circuit Judge Nicholas Byron this...
Federal Judge in Fla. Rejects Fraud Plea by Asbestos Attorney
May 23 2007 // A once high-flying asbestos litigation attorney was ready to plead guilty Monday to fraud involving thousands of clients, but a federal judge in Miami has rejected the deal and set a date for trial, saying he was unhappy...
S&P Ups Hannover Re Outlook to Stable; Affirms ‘AA-‘ Ratings
May 23 2007 // Standard & Poor’s Rating Services has revised its outlook to stable from negative on German reinsurer Hannover Rückversicherung-AG and its core entities, collectively referred to as Hannover Re. The Group is...
Detroit Doctor Found Guilty of 80 Counts of Health Care Fraud
May 23 2007 // A doctor and his biller were convicted Monday on 80 counts of health care fraud and other charges related to an effort to bilk Blue Cross Blue Shield of Michigan of $775,000, the U.S. attorney’s office said. A...
Porter Joins U.S. Risk in Ariz.
May 22 2007 // U.S. Risk Insurance Group, a privately held managing general agent and wholesale broker has hired Marti Porter as an underwriter for PL Pros, the professional liability division of its U.S. Risk Underwriters...
Allianz Acquires Russian P/C Insurer
May 22 2007 // Germany’s Allianz further expanded its presence in the Russian insurance market with the announcement that it has “finalized the acquisition of the P/C insurer Progress-Garant.” Allianz purchased all of...
Randio Joins U.S. Risk in Texas as Senior Underwriter
May 22 2007 // Wholesale broker and managing general agent U.S. Risk Insurance Group announced that Tonya Randio has joined the company as a senior underwriter in the Healthcare Division of its U.S. Risk Underwriters subsidiary. She will...
Tough products don’t need to be an underwriting challenge
May 21 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,...
Fla. Workers’ Comp Fraud Results in 14-Year Prison Sentence
May 21 2007 // The former owner and operator of a now-defunct professional employee organization, Miralink Group Inc., left thousands of workers in Florida and several other states without workers’ compensation coverage despite...
Fraud Roundup
May 21 2007 // Ohio man sentenced to three years in workers’ fund scandal An investment marketer who pleaded guilty to conspiring to bribe a former official at the state’s insurance fund for injured workers was sentenced to...
People and Places
May 21 2007 // Patricia Smith has joined InsurBanc, a financial services provider for independent insurance agencies, as vice president of sales and business development. Smith will focus on the needs of independent agencies and develop...
Fraud Roundup
May 21 2007 // Ohio man sentenced to three years in workers’ fund scandal An investment marketer who pleaded guilty to conspiring to bribe a former official at the state’s insurance fund for injured workers was sentenced to...
Tough products don’t need to be an underwriting challenge
May 21 2007 // To view the “How to Write Insuring Tough Products Liability Accounts” seminar or any of the seminars in the “How to Write” Series, visit: www.insurancejournal.com/seminars for a link to free...
Pet food case raises product recall, ‘special property’ and new coverage
May 21 2007 // The manufacturer of the contaminated pet foods that caused an unknown number of pet deaths and illnesses may want to put the controversy behind it, yet the pet food maker along with insurers, lawyers and other...
U.S. Grand Jury Subpoenas Allstate, Nationwide over Katrina Claims
May 21 2007 // Allstate Corp. and Nationwide Mutual Insurance Co. have been subpoenaed by a federal grand jury investigating the insurance industry’s handling of Hurricane Katrina claims in Mississippi, the companies...
Pet food case raises product recall, ‘special property’ and new coverage issues
May 21 2007 // The manufacturer of the contaminated pet foods that caused an unknown number of pet deaths and illnesses may want to put the controversy behind it, yet the pet food maker along with insurers, lawyers and other...
Officials: Hold the chickens and the hogs
May 21 2007 // Think you and your pets are safe now that pet food contaminated with Melamine has been recalled? Think again. On May 7, U.S. officials representing the Agriculture Department, the Food and Drug Administration and the...
