Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
New Markets
Nov 5 2006 // Privacy and Security Coverage Enhancements Nuts & Bolts: Underwriting manager and claims administrator Euclid Managers LLC have a set of security and privacy coverage enhancements that can be endorsed onto any of the...
UNDER CONSTRUCTION
Nov 5 2006 // Douglas G. Hotchkiss, owner of the Dallas, Texas-based Hotchkiss Insurance Agency, hadn’t thought much about building “green” or environmentally-friendly structures. But he now says, “it’s a...
Litigation trends continue to mount worldwide, report says
Nov 5 2006 // News Currents 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...
U.S. legal precedents assume larger role in corporate oversight
Nov 5 2006 // Maybe it’s part of the globalization process; maybe it’s due to the increasing sophistication of private investors and fund managers, or maybe it’s the legal profession prospecting for additional income...
U.S. Considers Mandating Sprinkler Systems in All Nursing Homes
Nov 3 2006 // All nursing homes could soon be required to have sprinkler systems, a move aimed at updating an estimated 2,500 older facilities around the country. The federal agency that oversees the safety of nursing homes has asked...
Aon Proposes Changes to U.S. and U.K. Defined Pension Plans
Nov 3 2006 // Chicago-based Aon Corp. recently announced proposed changes to its U.S. and U.K. defined benefit pension plans to maintain competitive retirement benefits for its employees while reducing future pension costs, according to...
1 in 4 in U.S. Say Financial, Personal Information Stolen
Nov 2 2006 // More than one in four Americans say their financial information or personal information has been stolen, sometimes by someone they knew, according to a survey released this week. The study done for Experian, the credit...
Guy Carpenter Releases Annual Review of U.S. Tort Law Developments
Nov 2 2006 // The most important tort law development of 2006 is still up for grabs, with the U.S. Supreme Court expected to rule on Philip Morris’ appeal of a $79.5 million punitive damage judgment in a lawsuit brought in Oregon,...
Lloyd’s Releases Second ‘360 Report’ on Climate Change
Nov 1 2006 // Lloyd’s has released the second installment of its “360 Climate Change” series, entitled “What next for climate change?” Last June it published the first installment, entitled “Climate...
XL Conducts U.S. Portion of China Insurance Training Program
Nov 1 2006 // Bermuda-based XL Capital Ltd. has launched the final module of an executive training and development program for China insurance regulators and executives. “The educational initiative, known as the China Insurance...
Best Issues Special Report on Canadian Auto Insurance Industry
Oct 31 2006 // “During the past 10 years, the Canadian automobile insurance industry’s underwriting results have changed dramatically as reflected by the significant variations in the direct loss ratio,” concludes a...
Court Affirms Limit on Replacement Cost for World Trade Center
Oct 31 2006 // The replacement cost insurance policies on the World Trade Center entitle the insureds to monies sufficient to rebuild the buildings as they were prior to being destroyed in the terrorist attack of September 11, 2001, but...
Catlin/Wellington Finalize Share Offer; Merger to Create Lloyd’s Largest Underwriter
Oct 30 2006 // The Boards of Directors of Catlin Group Limited and Wellington Underwriting Plc have agreed on the terms of a recommended Offer to be made by Catlin for the whole of the issued and to be issued share capital of Wellington....
Regional Reporting Inc. Announces Calculations Milestone
Oct 27 2006 // New Technology Helps Keep Industry Veteran on Top Stamford, CT – National consulting and insurance services firm Regional Reporting, Inc., announced today that its customers have completed more than 100,000...
Everest Re Posts $240.2 Million Q3 Operating Income
Oct 25 2006 // Everest Re Group, Ltd. joined a growing list of Bermuda-based insurers who have seen their third quarter profits rebound sharply from last year’s disastrous results. The Group reported third quarter 2006 after-tax...
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...
