Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Royal Sun U.S. Buyout Can Proceed Subject to Conditions
Feb 21 2007 // Delaware Insurance Commissioner Matthew Denn has conditionally approved a management buyout of Royal & Sun Alliance Insurance Group’s U.S. operations, even while chastising the company’s British parent for...
Insurer Agrees to Extend Deadline for Holocaust Victims’ Claims
Feb 15 2007 // An Italian insurance company’s agreement to extend by 17 months the deadline to accept new claims from Holocaust victims and their relatives gives some victims another chance to find records of their losses, a museum...
Arch Capital Reports $239 Million Q4 Net; $692.6 Million Full Year
Feb 14 2007 // The Bermuda-based Arch Capital Group Ltd. has reported net income available to common shareholders for the 2006 fourth quarter of $239.3 million, or $3.12 per share, compared to $100.9 million, or $1.34 per share, for the...
Insurance Company Run-Off Management Strategies Face Obstacles, Study Says
Feb 13 2007 // The U.S. insurance industry should be paying greater attention to the run-off market, according to a study published by PricewaterhouseCoopers’ (PwC) Insurance Restructuring Group. The “US Discontinued...
Royal & Sun buyout approval expected
Feb 12 2007 // A state hearing officer recommended that Delaware’s insurance commissioner approve the proposed management buyout and eventual dissolution of Royal & Sun Alliance Insurance Group’s U.S. operations....
It Figures
Feb 12 2007 // 2,700 The world’s largest kosher slaughterhouse is recalling about 2,700 pounds of potentially underprocessed frankfurters shipped to New Jersey, New York and Pennsylvania, company and federal officials said....
Forecasters predict active hurricane season to come in 2007
Feb 12 2007 // Atlantic basin and U.S. hurricane landfall expected to be up 60 percent above normal A return to high hurricane activity in 2007 is likely following the below-average 2006 hurricane season, according to the consortium of...
Lloyd’s climbs on the climate change bandwagon
Feb 12 2007 // There’s little doubt that the world is getting warmer. But this raises more questions. To what extent are greenhouse gasses, particularly CO2, responsible? Will the warming trend continue? Are there any effective...
News Currents
Feb 11 2007 // Royal & Sun management buyout approval expected A state hearing officer recommended that Delaware’s insurance commissioner approve the proposed management buyout and eventual dissolution of Royal & Sun...
U.S. Army Corps of Engineers Levees of Concern
Feb 11 2007 // CT: East Hartford CT: Torrington, East Branch CT: Torrington, West Branch CT: Waterbury-Watertown, Upper Naugatuck Dike DC: National Park Service, Washington, DC DC: Potomac Park Levee, Washington, DC DC: US Naval Air...
Forecasters predict active hurricane season to come in 2007
Feb 11 2007 // A return to high hurricane activity in 2007 is likely following the below-average 2006 hurricane season, according to the consortium of experts on insurance, risk management and seasonal climate forecasting led by the...
Lloyd’s climbs on the climate change bandwagon
Feb 11 2007 // There’s little doubt that the world is getting warmer. But this raises more questions. To what extent are greenhouse gasses, particularly CO2, responsible? Will the warming trend continue? Are there any effective...
Aspen to Release Q4, Full Year Results Today; Conference Call Details
Feb 8 2007 // Bermuda-based Aspen Insurance Holdings Limited will release its fourth quarter and year-end 2006 financial results today, Thursday, February 8, 2007, following the closing of the U.S. markets. The Company will hold a...
La. Officials Urge Federal Role in Hurricane Insurance
Feb 8 2007 // Louisiana state senators say they will ask Congress to have the federal government insure homes against hurricane damage, as it does for floods. “Y’all won’t sell it, so why not get the federal government...
U.S. Wants $309M in Katrina Hurricane Aid Returned
Feb 7 2007 // In the New Orleans neighborhood President George W. Bush visited after Hurricane Katrina, the U.S. government gave $84.5 million to more than 10,000 households. But official figures show fewer than 8,000 homes existed...
D.C. Man Sentenced for FEMA Hurricane Relief Fraud Scheme
Feb 6 2007 // Jeffrey Alan Rothschild, 59, also known as Jeffrey Zahler, has been sentenced to 102 months in prison in connection with a scheme to defraud the Federal Emergency Management Agency (FEMA) of more than $100,000 in relief...
Royal & Sun Management Buyout Clears Hurdle; Final OK Expected
Feb 5 2007 // A state hearing officer recommended Friday that Delaware’s insurance commissioner approve the proposed management buyout and eventual dissolution of Royal & Sun Alliance Insurance Group’s U.S....
Dallas Man Arrested on FEMA Fraud Charges
Feb 5 2007 // A Dallas man who claimed to be a Hurricane Katrina victim was arrested on charges outlined in a three-count indictment returned in October 2006 by a federal grand jury in Dallas, announced U.S. Attorney Richard B. Roper of...
Judge Approves First Step of Portland Archdiocese Reorganization
Feb 5 2007 // The Roman Catholic Archdiocese of Portland, Ore., can expect nearly $52 million in insurance money after a federal bankruptcy judge approved the first step in the proposed reorganization plan for the church. The...
QBE Acquires Cumbre Seguros
Feb 2 2007 // QBE the Americas, the North American subsidiary of Australia’s QBE Group, announced that it has acquired 100 percent of Cumbre Seguros, a specialized insurer in Mexico from a group of private investors. The...
