Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
NEARLY 29% OF EMPLOYEES UNPRODUCTIVE
Aug 7 2006 // Nearly 29 percent of company time in America is unproductive, according to the results of a new study by management consulting firm, Proudfoot Consulting. The estimated cost of poor productivity in the U.S. is $598 billion...
Best’s 2006 European review highlights common industry concerns
Aug 7 2006 // For the insurance industry, global controversies tend to obscure some equally important debates going on in smaller forums around the globe. The principal controversy in the U.S. revolves around state vs. federal...
Get your motor runnin’ – not stolen
Aug 7 2006 // California topped the nation in motorcycle thefts in 2005, according to the National Insurance Crime Bureau, but Texas had the dubious honor of coming in third place, with Florida falling in between the two as the state...
Marine market responds to stressed catastrophic property coverage
Aug 7 2006 // The marine market, although not immune to severe weather and other catastrophic occurrences, has not suffered to the extent of the mainline commercial property sector. A recent Wall Street Journal story proclaimed,...
Marine market responds to stressed catastrophic property coverage
Aug 7 2006 // The marine market, although not immune to severe weather and other catastrophic occurrences, has not suffered to the extent of the mainline commercial property sector. As such, industry players have sought to fill gaps in...
Business Moves
Aug 7 2006 // Cooper Gay & Cashman, Cooper Gay Intermediaries Independent reinsurance brokers, Cooper Gay (Holdings) Ltd., headquartered in London, renamed its U.S. domestic treaty operation Cooper Gay Intermediaries LLC. Based in...
Insuring energy risks for profit isn’t getting any easier
Aug 7 2006 // Underwriting energy risks is not for the faint-hearted, even during the best of times. The nature of these risks (with high concentration of values, highly flammable substances, harsh operating conditions, often in hostile...
Nearly 29% of employees unproductive
Aug 7 2006 // Nearly 29 percent of company time in America is unproductive, according to the results of a new study by management consulting firm, Proudfoot Consulting. The estimated cost of poor productivity in the U.S. is $598 billion...
Best’s 2006 European review highlights common industry concerns
Aug 7 2006 // For the insurance industry, global controversies tend to obscure some equally important debates going on in smaller forums around the globe. The principal controversy in the U.S. revolves around state vs. federal...
Protecting your most valuable assets overseas
Aug 7 2006 // A business has many valuable assets, but perhaps none as critical to success as its employees. Businesses depend on their senior management, leading sales executives and other top talent to guide the company, plan for the...
Congressional hearing held on terrorism and insurance
Aug 7 2006 // News Currents Two U.S. House subcommittees-the Committee on Financial Services, Subcommittee on Oversights and Investigation, and the Homeland Security Subcommittee on Intelligence, Information Sharing, and Terrorism Risk...
Growth in retail shopping centers a boon for insurance brokers
Aug 7 2006 // When the going gets tough, the tough go … shopping! Judging by the 18 percent increase in the development of retail shopping centers in the United States in 2005 over 2004, that tongue-in-cheek adage has more than a...
Is the U.S. prepared for a cyber catastrophe? Business executives say, ‘no’
Aug 7 2006 // News Currents Testifying before a Senate Homeland Security and Government Affairs Subcommittee, Karl Brondell of State Farm Insurance Companies warned that the U.S. is not adequately prepared for a cyber catastrophe. The...
UPDATE 2: TS Chris Weakens
Aug 3 2006 // Miami’s National Hurricane Center reports that tropical storm Chris is “weakening in a hurry.” That’s good news for a number of Caribbean Islands, including Puerto Rico and the U.S. and British...
American Re to Become Munich Re America Starting in Sept.
Aug 3 2006 // American Re-Insurance Company out of Princeton, N.J. announced that in September 2006 it will change its name to Munich Reinsurance America, Inc. As Munich Re’s largest reinsurance subsidiary, Munich Reinsurance...
Best Reports P/C Underwriting Income Up 21% in 1st Quarter
Aug 2 2006 // The U.S. property/casualty industry’s underwriting income improved 21.0 percent to $8.3 billion in first quarter 2006 from $6.8 billion in first quarter 2005, according to a new special report by A.M. Best Co....
Pa. Firm Settles Salmonella Cases; Battles Among Insurers Next
Aug 1 2006 // The Pennsylvania-based convenience store chain Sheetz Inc. has settled all but a few customer lawsuits spawned by salmonella-tainted tomatoes sold at its stores two years ago. But complicated legal battles involving...
Abacus Names Ace American Carrier for Online Foreign Production Coverage
Aug 1 2006 // Abacus Insurance Brokers Inc., a Los Angeles-based retail and wholesale insurance brokerage that distributes traditional and specialty insurance products online through the Abacus Program Management Platform, has named ACE...
Is U.S. Prepared for a Cyber Catastrophe? Businesses Say, ‘No’
Jul 28 2006 // Testifying before a Senate Homeland Security and Government Affairs Subcommittee, Karl Brondell of State Farm Insurance Companies warned that the U.S. is not adequately prepared for a cyber catastrophe. The insurance...
Safety Board: Ethan Allen Capsizing Caused By Too Many Passengers
Jul 26 2006 // The National Transportation Safety Board has determined that the probable cause of the capsizing of the Ethan Allen on New York’s Lake George last October was the vessel’s insufficient stability to resist the...
