Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Lawyers Overseeing Layers
Jul 3 2006 // No country has as many lawyers as the United States — more than 152,000 in California alone — three times as many as in all of France. Nor does any other country rely as heavily on the legal profession to order...
The virtual, global economy challenges, humbles insurance leaders
Jul 3 2006 // Insurance agents and executives have a lot to worry about as the fast-paced virtual economy takes hold. According to futurist Edie Weiner, they are right to be worried. She says there are a lot of unfamiliar risks ahead...
English Football League Wins Token Damages in TV Suit
Jun 29 2006 // The Football League recently won token damages of 4 pounds (euro5.82; US$7.35) against the law firm that advised it on a disastrous television deal, but faces a bill for an estimated 5 million pounds (euro7.3 million...
Bogardus Named 2006 IMCA Golden Torch Award Recipient
Jun 28 2006 // In recognition of his lifelong contributions to the insurance industry, the Insurance Marketing Communications Association (www.imcanet.com) awarded its Golden Torch Award to John A. (Jack) Bogardus, Jr. Bogardus, former...
U.S. P/C Industry Posts Record 1Q Profits; Net Gain on Underwriting Rises Nearly 21%
Jun 28 2006 // The U.S. property/casualty industry’s net gain on underwriting rose $1.4 billion, or 20.8 percent, to $8.4 billion in first-quarter 2006 from $6.9 billion in first-quarter 2005. The combined ratio — a key...
Durham, N.C. Resident Sentenced to 12-and-a-Half Years; Must repay $8.3M
Jun 28 2006 // Steve Edwards of Durham, N.C. has been sentenced to 12-and-a-half years in prison in an insurance fraud case that left North Carolinians with unpaid workers’ compensation and health insurance claims estimated in...
Provider Asks for Clarification on Florida Freedom to Travel Bill
Jun 27 2006 // Independent agents that sell travel insurance will be interested in the outcome of Florida’s Freedom to Travel Bill, HB299, but the Travel Assist Network, asked for clarity in a debate about the differences between...
Lloyd’s Chairman Tells ALM Conference More Efforts Needed
Jun 26 2006 // Lloyd’s Chairman, Lord Peter Levene, described a bright future, but one that needs work to be achieved, for those attending the 2006 conference of the Association of Lloyd’s Members (ALM) last week. He stressed...
Franklin Named Endurance U.S. VP
Jun 23 2006 // Bermuda-based Endurance Specialty Holdings Ltd. announced that its U.S. reinsurance subsidiary, Endurance Reinsurance Corporation of America (Endurance Re) has hired Darrell E. Franklin as Senior Vice President. Franklin...
U.S. Supreme Court Backs Worker in Retaliation Claim Against Employer
Jun 23 2006 // The Supreme Court has affirmed a jury award for a Tennessee forklift operator who was transferred to a more physical job after she filed a lawsuit accusing her employer of sexual harassment. By a 9-0 vote, justices said...
U.S. Supreme Court Won’t Hear Holocaust Claim Case
Jun 22 2006 // The U.S. Supreme Court has rejected an appeal from Holocaust survivors in the U.S. who claim they have been cheated out of a fair share of a $1.25 billion settlement over looted assets. Justices had been asked to review a...
Ind. Agency Requires U.S. Citizenship Proof to Receive Medicaid Benefits
Jun 22 2006 // A state agency is ready to begin requiring proof of U.S. citizenship before residents can receive Medicaid services. The new step, which takes effect July 1, is mandated by the federal government under a budget-cutting...
Heads up on workplace bullying
Jun 19 2006 // From the playground to the classroom to the office — bullies can be found in all walks of life, says an anti-bullying advocacy group vying for new legislation that could potentially outlaw workplace bullying. But how...
U.S. COMMERCIAL INSURERS EARN BIG
Jun 19 2006 // At the midpoint of 2006, many commercial insurers are generating exceptional earnings, according to an article published by Standard & Poor’s Ratings Services. The article, which is titled “U.S. Commercial...
Lloyd’s forecast for Northeast: Storms, global warming threats are real
Jun 19 2006 // The prospect of another nasty hurricane season has everyone in the insurance industry braced for a white-knuckle ride. The spectre of a hurricane hitting a major Northeast population center is hardly the stuff of Hollywood...
Fraud Roundup
Jun 19 2006 // Marketing fraud scheme results in 560 arrests; $1billion in losses More than 560 people have been arrested in an international investigation of mass-marketing fraud schemes that have victimized more than 2.8 million...
U.S. Regulators May Scrap Full Collateral Requirements for ‘Alien’ Reinsurers
Jun 14 2006 // In an abrupt departure from procedures that have been in place since Wold War II, the National Association of Insurance Commissioners has taken a first step towards scrapping the “full collateral” requirements...
S&P Affirms Kingsway’s ‘BBB- Ratings
Jun 13 2006 // Standard & Poor’s Ratings Services has affirmed its “BBB-” long-term counterparty credit and senior unsecured debt ratings on Toronto-based Kingsway Financial Services Inc. with a stable...
Liverpool’s Manager Calls for FIFA to Pay Up for World Cup Injured Player
Jun 12 2006 // Liverpool, England, manager Rafael Benitez hit out at FIFA Saturday, saying clubs should be compensated when their players are injured while on international duty. Benitez’s outburst came days after France and...
World Cup Starts in Germany
Jun 9 2006 // 5:00 p.m. on a Friday is usually associated with “TGIF” as the weekend begins. However, for much of the world this Friday at 5:00 p.m. (local time) it marks the beginning of a very special sporting event...
