Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
AIG Offers UK Employers’ Liability Coverage for U.S. Companies
Apr 25 2007 // AIG WorldSource(R), a division of the property and casualty insurance subsidiaries of American International Group, Inc. announced it is offering Accel Elite — employers’ liability coverage for U.S. companies...
Survey: California Susceptible to Class Action Lawsuits
Apr 25 2007 // California’s class action law ranks 46th in the nation in fairness and reasonableness, according to an annual national ranking of state civil justice systems. The rankings were released today by the U.S. Chamber of...
Chubb: 1st Quarter Profit Up 6%
Apr 24 2007 // The Chubb Corp. reported that net income in the first quarter of 2007 was $710 million or $1.71 per share, compared to $672 million or $1.58 per share in the first quarter of 2006. Operating income, which the company...
U.S. to Probe 2005 W. Va. Mine Death
Apr 24 2007 // The federal Mine Safety and Health Administration has decided to investigate a fatal 2005 West Virginia coal truck accident after all. MSHA and the state Office of Miners’ Health, Safety and Training did not...
Citing $36 Million in Flood Damage, N.H. Seeks U.S. Disaster Aid
Apr 24 2007 // New Hampshire Gov. John Lynch said flooding and high tides caused more than $36 million in damage last week, and he has asked the federal government to declare the entire state a disaster area so it will qualify for...
Globalization of directors and officers coverage
Apr 23 2007 // International business expansions deliver new exposures, new concerns Globalization of directors and officers (D&O) liability products has opened up a whole new world of “what ifs” and “spiraling...
News Currents
Apr 23 2007 // Ohio AG accuses U.S. companies of making, selling lead paint Ohio’s attorney general filed suit against 10 major U.S. chemical companies and paint makers, accusing them of continuing to make and sell lead paint while...
Coastal population growth contributing to high cost of property coverage
Apr 23 2007 // The U.S. population in hurricane-prone coastal states continues to rise, a trend that is likely to impact adversely the nation’s coastal property insurance market for years to come, according to Dr. Robert Hartwig,...
Declarations
Apr 23 2007 // Declarations A balancing act “The legislation we are supporting this session is intended to balance the need to create a competitive regulatory environment while ensuring that our citizens are afforded adequate...
Coastline populations increasing insurance prices
Apr 23 2007 // The U.S. population residing in hurricane-prone states continues to rise, a trend which is likely to impact adversely the nation’s coastal property insurance market for years to come, according to testimony by Dr....
Business Moves
Apr 23 2007 // The Hartford, Berkshire Hathaway, First State The Hartford Financial Services Group Inc. announced that its First State Management Group has formed a strategic relationship with certain members of the Berkshire Hathaway...
Globalization of directors and officers coverage
Apr 23 2007 // Globalization of directors and officers (D&O) liability products has opened up a whole new world of “what ifs” and “spiraling concerns” for the insurance industry. For starters, insurers,...
U.S. House Passes Bill Granting Shareholders Vote on Executive Pay
Apr 20 2007 // The U.S House of Representatives today passed by a vote of 269 to134 legislation to allow shareholders of public companies to approve or disapprove of a company’s executive compensation plans. H.R. 1257, the...
U.S. Approves Funds for Florida Tornado Victims
Apr 18 2007 // Federal officials have approved more than $17.7 million in payouts in connection with tornadoes that hit Florida last winter. The Federal Emergency Management Agency said it also approved an additional $20.6 million in...
Report Details P/C Insurers’ 2006 Proftability, Escape from Storms
Apr 18 2007 // Another report on the insurance industry confirms and details what has been widely acknowledged: a sharp decline in catastrophes in 2006 contributed to improved underwriting results for the year. The U.S. property/casualty...
Alabama Officials Prepare for Hurricane Season
Apr 17 2007 // Alabama Governor Bob Riley and state agency leaders huddled this week to review Alabama’s plans for the upcoming hurricane season, which begins June 1. The state leaders joined officials from FEMA, the U.S....
Converium Sues SCOR in U.S. Court for Securities Law Violations
Apr 17 2007 // Converium’s management fired another salvo in its ongoing battle to prevent a takeover by France’s SCOR Group (See IJ web site April 16). The Swiss-based reinsurer has filed a lawsuit in the U.s. Court for the...
PartnerRe Makes Catastrophe Management Changes
Apr 17 2007 // Bermuda-based PartnerRe Ltd. has announced management changes in the Group’s U.S. and worldwide catastrophe reinsurance underwriting operations. Effective July 2007, Tad Walker will succeed Robin Williams as...
Assurex Assesses Asian Market Opportunities, ‘Pitfalls’
Apr 17 2007 // Assurex Global Partners assembled “more than 100” members “from six continents” at its annual Spring Partners’ Conference, held recently in Hong Kong, where they “discussed the...
Swiss Re, Allianz, RMS Team-up to Write UK, US, Canada Cat Bonds
Apr 17 2007 // Swiss Re announced its successful participation in structuring and placing $150 million of securities covering flood and earthquake catastrophic events in Great Britain, Canada and the United States on behalf of...
