Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Minn. Collins Offers Umbrella Coverage Reinsurance Program
Aug 22 2006 // John B. Collins Associates, Inc. has opened a new facility to provide help to regional insurers writing umbrella coverage. According to the Collins’ written statement the goal was to help insurers across the United...
BOP-ping Along: U.S. Business Owners Package Market Pegged at $17 Billion
Aug 21 2006 // The size of the Business Owners Package (BOP) market, long only guessed at by the property/casualty industry, has been quantified by MarketStance, a provider of business demographic and market data, as part of the...
It Figures
Aug 21 2006 // $593 million The aggregate, policyholder surplus in 2005 of 25 risk retention groups rated by A.M. Best, compared to $545 million the prior year. Total assets were $1.69 billion, an increase over the prior year’s...
People and Places
Aug 21 2006 // Loveland, Ohio-based Indiana Insurance, a member of the Liberty Mutual Group, announced that Michael D. Connell has been appointed president and CEO. Connell’s appointment coincides with the retirement of Richard T....
New Markets
Aug 21 2006 // Environmental Insurance Program Nuts & Bolts: Burns & Wilcox, a national specialty insurance agency, has formed a strategic alliance with ACE Westchester Specialty Group Environmental to administer a program for...
Figures
Aug 21 2006 // $22 million The market value of the 17-acre suburban Chicago home of jailed insurance executive Michael Segal, who was convicted of looting the trust fund of his company, Near North Insurance Brokerage. The court requires...
New Markets
Aug 21 2006 // Environmental Insurance Program Nuts & Bolts: Burns & Wilcox, a national specialty insurance agency, has formed a strategic alliance with ACE Westchester Specialty Group Environmental to administer a program for...
Claims myth fuels fear of building skateboarding parks
Aug 21 2006 // Cities across North America often shy away from building skate parks, citing fear of liability as the main reason for pause. However, the Skate Park Association of the United States of America (SPAUSA) shows statistically...
Merck Weighing Options After Legal Setbacks in Vioxx Cases
Aug 18 2006 // Reacting to a couple of legal setbacks related to its embattled arthritis medication, Vioxx, U.S. drug manufacturer Merck & Co. said it is weighing legal options in regards to separate rulings in New Jersey and...
OneBeacon Selling Agri Renewal Rights to QBE-U.S.
Aug 17 2006 // Boston-based OneBeacon Insurance Group has signed a binding agreement to transfer its Agri book renewal rights and certain OneBeacon Agri assets to QBE the Americas, a wholly owned division of Australia’s QBE...
Best Affirms QBE Re-U.S. ‘A’ Ratings
Aug 17 2006 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and the issuer credit rating (ICR) of “a” of the >New York-based QBE Re Group – U.S. and its subsidiaries. The...
Ferrell Joins Hartford’s Compliance Office as VP, Asst. Counsel
Aug 17 2006 // The Hartford Financial Services Group announced that Brian L. Ferrell will join the company as assistant vice president and assistant general counsel in its compliance group, effective Sept. 1. “In this new role,...
ACE USA Names Lambert Senior VP – Global Solutions
Aug 17 2006 // ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, has appointed Scott Lambert as Senior Vice President, ACE Global Solutions. He will have responsibility for leading the ACE USA International...
17 Indicted in La., Accused of Staging Wrecks for Insurance Payments
Aug 17 2006 // A federal grand jury in Shreveport, La., has indicted 17 people for allegedly staging car accidents in order to get money from insurance companies, the U.S. Attorney’s Office said Aug. 15. The indictment was made...
QBE 1H Operating Profit up 20% to $452 Million
Aug 16 2006 // Australia’s QBE Insurance Group posted a A$591 million (US$452 million) operating profit after tax for the half year ended 30 June 2006, a 20 percent increase. The Company said the “increase in profit reflects...
Airlines Tighten Security, Cancel Flights Following Terror Plot
Aug 11 2006 // Passengers in the United States coped with heightened security at airports Thursday after authorities in London uncovered a terror plot aimed at airlines traveling from Britain to the U.S. American Airlines canceled six...
Number of Uninsured Children in Ark. Drops 60 %, Highest in U.S.
Aug 10 2006 // Arkansas has made the greatest progress in reducing its number of children without health-care coverage, a nationwide study released Aug. 9 shows. The state saw the greatest drop – nearly 60 percent – of...
Study Shows Decline in Number of N.D. Children Without Insurance
Aug 10 2006 // North Dakota has made progress in reducing the number of children without health insurance, a new report says. The state saw one of the biggest declines in the percentage of uninsured children since the start of the State...
U.S. Surplus Lines Brokers Detailed on Lloyd’s Website
Aug 9 2006 // Lloyd’s has placed detailed information on U.S. surplus lines brokers on its Website www.lloyds.com/us. The information available will “help the market verify the license details of surplus lines...
Markel Launches Contagion Outbreak Expense Coverage
Aug 8 2006 // Markel Corporation introduced a new insurance product, Outbreak Extra Expense Coverage, specifically designed to protect companies from a closure of their business premises due to a variety of contagions including Avian...
