Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Fitch: Deterioration in profits for U.S. P/C sector
Apr 3 2006 // The U.S. property/casualty insurance industry will report deterioration in profitability in 2005 because insured catastrophe losses reached record levels in 2005, Fitch Ratings said. The decrease in profitability is...
Take the pollution out of your D&O policy
Apr 3 2006 // D&O insurers may invoke an ‘absolute’ pollution exclusion to deny coverage for claims that arise out of environmental reserves or other pollution. Is your directors and officers policy polluted?...
Business Moves
Apr 3 2006 // Shareholders of Lincoln National Corp. approved its $7.5 billion acquisition of rival Jefferson-Pilot Corp. The combined company, with 2004 revenue of $9.5 billion, will be headquartered in Philadelphia. Eastern buys...
People
Apr 3 2006 // Lighthouse Underwriters, an Anandale-Va.-based program underwriting company, announced that Sean Gormley has been promoted to senior vice president. In this position he will be responsible for the day-to-day operations at...
Managing Disasters
Apr 3 2006 // Totally ready or just terrorism ready? Is the nation’s terrorism-centric focus hurting its efforts to plan for other disasters? Dr. James L. Valverde Jr., director of economics and risk management for the Insurance...
Take the pollution out of your D&O policy
Apr 3 2006 // Is your directors and officers policy polluted? Shareholders and environmental groups are taking a closer look at the environmental disclosures made by public companies. The U.S. General Accounting Office issued a report...
The pre-bindingdisclosure reveals the standard commission Zurich pays agents by type of policy and
Apr 3 2006 // outlines any contingency compensation arrangements. News Currents Zurich agents caught in compensation disclosure web Insurer agrees to nationwide compensation disclosure along with payments of $325 million in two...
Fitch: Deterioration in profits for U.S. P/C sector
Apr 3 2006 // The U.S. property/casualty insurance industry will report deterioration in profitability in 2005 because insured catastrophe losses reached record levels in 2005, Fitch Ratings said. The decrease in profitability is...
Marsh Mac’s Mercer Finds Lack of Pandemic Planning
Mar 30 2006 // A global survey study conducted by Marsh Mac’s Mercer Human Resource Consulting has determined that while “evidence of the global spread of avian flu increases, there is a striking gap between companies’...
U.S. Chamber Pegs Best, Worst States for ‘Legal Fairness’
Mar 30 2006 // West Virginia, Louisiana, Illinois, California, and Texas were among the worst states for legal fairness, while Mississippi is improving after enacting legal reforms, according to a new ranking of the best and worst state...
Aon Global Market Property Tracker Shows Rates Still Falling
Mar 28 2006 // According to Aon’s first “Global Market Property Tracker” the “slide in international property insurance rates” appears to be continuing despite “a number of terrorism incidents around...
Fitch Finds Life Insurers/Reinsurers Most at Risk from Bird-Flu Pandemic
Mar 28 2006 // Fitch Ratings has issued a report, “Bird-Flu – Will It Ruffle The Industry’s Feathers?” which indicates that “life insurers and their reinsurers would be most likely to be the hardest hit by a...
Fitch: Deterioration in Profits For U.S. P/C Sector At YE2005
Mar 28 2006 // The U.S. property/casualty insurance industry will report deterioration in profitability in 2005 because insured catastrophe losses reached record levels in 2005, Fitch Ratings said. The decrease in profitability is...
U.S. to Virginia: Don’t Count on Feds If Flu Pandemic Hits
Mar 28 2006 // The federal government cannot be relied upon to protect Virginia from a potential flu pandemic, and no state is fully prepared to handle such an outbreak, Health and Human Services Secretary Mike Leavitt told Virginia...
Zurich Settles with Conn., Ill. and N.Y. officials for $153 Million
Mar 27 2006 // Zurich Financial Services Group has reached a $153 million settlement with the attorneys general of New York, Connecticut and Illinois to settle charges relating to bid-rigging an account steering charges initiated by New...
Maryland’s Beall, Former U.S. Senator, Congressman, Insurance Agent, Dies
Mar 27 2006 // J. Glenn Beall Jr., a prominent Republican officeholder and successful insurance agent, died at the age of 78. Beall served in the Maryland House of Delegates and the U.S. House of Representatives. In 1970, he was elected...
Wis. Business Climate Going Downhill Fast, Says Group for Legal Reform
Mar 27 2006 // Wisconsin’s legal climate for businesses has gone downhill faster than that of any other state after a series of court rulings expanded the liability of companies, the U.S. Chamber of Commerce says in a new...
Lloyd’s Urges Rethinking on Cat Losses
Mar 24 2006 // In a speech at the “Forces of Nature” conference in London Julian James, Lloyd’s Director of Worldwide Markets, said that the time has come for the insurance industry to rethink how it handles...
Risk Management Solutions Predicts Hurricane Activity to Increase Losses by 40 Percent in Florida and Gulf Coast
Mar 23 2006 // Risk Management Solutions, Newark, Calif., expects increases in hurricane landfall frequencies will increase modeled annualized insurance losses by 40 percent on average across the Gulf Coast, Florida and the Southeast,...
Aon/Albert G. Ruben Map Details Risks to Overseas Filmmaking
Mar 23 2006 // “Disease, kidnap and ransom, and terrorism risks pose the greatest threat to global filmmaking,” according to the 2006 Risks in Global Filmmaking Map published today by Aon/Albert G. Ruben. Aon’s bulletin...
