Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Hiscox Prepares Move to Bermuda Holding Company
Oct 25 2006 // London’s Hiscox plc, announced progress in its reorganization plan to establish a Bermuda-based holding company. Hiscox announced that a circular setting out full details of the corporate reorganization together with...
Editor’s Note: Fire safety begins at home
Oct 23 2006 // Home fires continue to be the number one cause of fire deaths. Home fires also account for 74 percent of total reported civilian fire injuries and 63 percent of total reported direct property damage. The good news –...
News Currents
Oct 23 2006 // Berkshire Hathaway most expensive U.S. stock The most expensive stock in the United States passed a unique plateau, as the price for a Class A share of Warren Buffett’s Berkshire Hathaway Inc. briefly surpassed...
New Markets
Oct 23 2006 // Terrorism Insurance Nuts & Bolts: Hiscox USA, U.S. subsidiary of Hiscox plc, a provider of specialty insurance, is now providing terrorism insurance in the U.S. The coverage will be offered to brokers through Hiscox...
Business Moves
Oct 23 2006 // OneBeacon, QBE OneBeacon Insurance Group completed its renewal rights and asset sale agreement to transfer its agricultural division to QBE the Americas, a wholly owned division of QBE Insurance Group Ltd., for...
New Markets
Oct 23 2006 // Terrorism Insurance Nuts & Bolts: Hiscox USA is now providing terrorism insurance in the U.S., from the U.S. The coverage is being offered to brokers through Hiscox USA’s Armonk, New York headquarters. Hiscox...
By U.S. Sen. Trent Lott
Oct 23 2006 // Why government should require insurance policies to declare what is NOT covered I have introduced legislation in the U.S. Senate to make future insurance policies easier for consumers to understand. The “Honesty is...
N.C. entrepreneur married to divorce insurance
Oct 23 2006 // If North Carolina’s John Logan has his way, sometime in the very near future, people across the globe will be able to purchase insurance coverage against the potential financial devastation often caused by...
Editor’s Note: Fire safety begins at home
Oct 23 2006 // Home fires continue to be the number one cause of fire deaths. Home fires also account for 74 percent of total reported civilian fire injuries and 63 percent of total reported direct property damage. The good...
New Markets
Oct 23 2006 // Corporate Identity Theft Nuts & Bolts: National Union Fire Insurance Company of Pittsburgh, Pa., a member of American International Group Inc., released AIG Corporate Identity Protection, a new insurance policy...
Figures
Oct 23 2006 // 1,696 Insurance companies are the litigation champions, confronting an average of 1,696 lawsuits, spanning from product liability and environmental class actions to directors and officers claims, and even coverage fights...
Divorce Insurance
Oct 23 2006 // SafeGuard Guaranty believes there’s a $200 billion market of people who could benefit from divorce insurance. New coverage aims to provide benefits when partners part ways If John Logan has his way, people soon will...
Business Moves
Oct 23 2006 // OneBeacon, QBE OneBeacon Insurance Group completed its renewal rights and asset sale agreement to transfer its agricultural division to QBE the Americas, a division of QBE Insurance Group Ltd., for approximately $32...
News Currents
Oct 23 2006 // Damage from Hawaii’s 6.6 earthquake predicted to be widespread Officials have begun inspecting bridges and roads across Hawaii, following the strongest earthquake to rattle the islands in more than two decades, a...
HOSPITALITY RISKS
Oct 23 2006 // In Pennsylvania, a disabled customer complained of emotional distress when she dined at a restaurant that lacked adequate parking for her wheelchair van and where the restrooms were not fully wheelchair-accessible. The...
P/C insurers’ profitability drops in first-half of 2006
Oct 23 2006 // The U.S. property/casualty insurance industry’s net income after taxes fell 9.3 percent to $28.3 billion in first-half 2006 from $31.2 billion in first-half 2005 as investment results deteriorated. Reflecting the...
HRH, Hub stock prices soar; B&B grows wholesale premium to $1 billion
Oct 23 2006 // Stock Price Activity: Brokerage stocks have varied through the first three quarters of 2006. Brokers such as Hilb Rogal & Hobbs and Hub International are having an exceptional year, with their stock trading up 11.7...
With 1,100 Katrina Lawsuits, Court Schedule Stretches into 2008
Oct 20 2006 // Federal court officials say trial dates have been set for 145 Hurricane Katrina-related insurance cases during 2007. Court officials said a similar number could be scheduled for sometime later in 2007 and in 2008. The...
Berkshire Hathaway Says General Re Not Target of Investigation
Oct 19 2006 // General Reinsurance, which is owned by Warren Buffett’s Berkshire Hathaway Inc., said it learned this week that the company is not a target of a federal investigation into the collapse of insurer Reciprocal of...
JLT Completes Sale of U.S. Retail Business to Alliant
Oct 19 2006 // The London-based broker Jardine Lloyd Thompson Group confirmed that the sale of its US based retail P/C Insurance and Employee Benefits businesses to Alliant Insurance Services, Inc. was completed after the close of...
