Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
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...
Lord Levene Sets Lloyd’s and London’s Priorities for Fellow Peers
Jun 9 2006 // In a speech to the House of Lords, given as part of a discussion on “London as a World Financial Center,” Lord Peter Levene stressed the financial health and leading position of both London and the...
Congressional Negotiators Agree to Housing, Levee Dollars for La.
Jun 9 2006 // Louisiana Gov. Kathleen Blanco’s $7.5 billion aid program for people whose homes were heavily damaged by hurricanes Katrina and Rita got a giant boost June 7 as congressional negotiators agreed to federal funding for...
Prime Places $15 Million in Trust Preferred Securities
Jun 9 2006 // Salt Lake City, Utah – Prime Holdings Insurance Services, Inc. announced that it successfully placed $15 million in 30 year Trust Preferred Securities with the assistance of U. S. RE Securities, LLC through FTN...
Catlin’s AGM Statement Details Increased U.S. Presence
Jun 8 2006 // The Bermuda-based Catlin Group Limited issued a general statement following the conclusion of its annual general meeting, held in Bermuda on June 6, which showed a “solid performance by the Catlin Group during the...
RMS Launches Eastern U.S. and Canada Earthquake Model
Jun 8 2006 // Risk Management Solutions (RMS), Newark, Calif., has updated its U.S. and Canada Earthquake models. “Earthquakes east of the Rockies are less common than in the tectonically active West, but can be more severe due to...
Lyons Named as President, COO of Arch U.S. Operations
Jun 7 2006 // Arch Capital Group Ltd. has promoted Mark Lyons to president and chief operating officer of Arch Insurance Group (U.S.), effective immediately. In his new role, Lyons will assume responsibility for each of the underwriting...
Supreme Court Lets Stand Maine Law Regulating Pharmacy Benefit Managers
Jun 7 2006 // The U.S. Supreme Court has declined to review a First Circuit Court of Appeals decision that upheld a state law in Maine regulating the business practices of pharmacy benefit managers (PBMs) and requiring them to pass...
Earnings High For U.S. Commercial Lines Insurers, S&P Reports
Jun 6 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...
AccuWeather, NOAA warn of active hurricane season
Jun 5 2006 // The AccuWeather.com Hurricane Center in State College, Pa., led by Chief Forecaster Joe Bastardi, in its 2006 hurricane season forecast predicted an active hurricane season that could have major repercussions for the U.S....
AccuWeather, NOAA warn of active hurricane season
Jun 5 2006 // The AccuWeather.com Hur-ricane Center in State College, Pa., led by Chief Forecaster Joe Bastardi, in its 2006 hurricane season forecast predicted an active hurricane season that could have major repercussions for the U.S....
Coverage issues at core of Hurricane Katrina-related litigation
Jun 5 2006 // The amount of property damage caused by Hurricane Katrina in Mississippi and Louisiana has been extensively reported, as has the fact that many people in those states did not have flood insurance coverage. As a result,...
AccuWeather, NOAA warn of active hurricane season
Jun 5 2006 // The AccuWeather.com Hurricane Center in State College, Pa., led by its chief forecaster, Joe Bastardi, in its 2006 hurricane season forecast predicted an active hurricane season that could have major repercussions for the...
World Cup: Most heavily insured sporting event starts in Germany
Jun 5 2006 // For the majority of Americans, June 9 is a Friday between June 8 and June 10. But for the rest of the world, that day marks the debut of a month-long football festival — not the kind played in the United States, but...
News Currents
Jun 5 2006 // AccuWeather, NOAA warn of active hurricane season The AccuWeather.com Hur-ricane Center in State College, Pa., led by Chief Forecaster Joe Bastardi, in its 2006 hurricane season forecast predicted an active hurricane...
Coverage issues at core of Hurricane Katrina-related litigation
Jun 5 2006 // The initial decisions from Hurricane Katrina lawsuits provide some comfort to both insurers and insureds and potential warnings to insurance agents. The amount of property damage caused by Hurricane Katrina in Mississippi...
