Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Crawford Reports 140 Percent Increase in Q1 Earnings Per Share
May 2 2006 // Atlanta-based Crawford & Company, an independent provider of claims management solutions to insurance companies and self-insured entities, has a 140 percent increase in first quarter earnings per share in its...
Washington Democrats File Federal Complaint against Senate Contender
May 2 2006 // Washington Democrats have asked the Federal Elections Commission to investigate U.S. Senate challenger Mike McGavick’s $17 million “golden parachute” from Safeco Insurance Co. McGavick’s campaign...
Audit ‘Not Completed’ Says Max Re; Estimates Q1 Net at $74.2 Million
May 2 2006 // Bermuda-based Max Re Capital Ltd. announced that the Audit and Risk Management Committee has not yet completed its previously announced internal investigation. “Consequently, KPMG, the Company’s auditors, have...
Brazauskas Joins Catlin’s U.S. Sub as Chief Administrative Officer
May 1 2006 // International property and casualty insurer and reinsurer, Catlin Group Limited announced the appointment of Vincent Brazauskas as senior vice president and chief administrative officer of Catlin Inc., the Group’s US...
Sweeney Named Chairman, CEO of U.S. Aviation Underwriters
Apr 28 2006 // General Re Corporation, a wholly owned subsidiary of Berkshire Hathaway Inc., has named Michael L. Sweeney as chairman and chief executive officer of its aviation underwriting subsidiary, United States Aviation...
Founder of Calif.-based Bolton & Co., Dorance D. Bolton, Passes Away
Apr 28 2006 // Dorance Dean Bolton, founder of Pasadena, Calif.-based Bolton and Company Insurance Brokers, passed away on April 21, 2006, at the age of 96. Bolton was a pioneer Southern California insurance broker and was a founding...
Mich. Blues Receive Voluntary Effort Award from U.S. Department of Labor
Apr 27 2006 // Blue Cross Blue Shield of Michigan recently received an Exemplary Voluntary Efforts Award from the U.S. Department of Labor. Each year, the department presents EVE awards to federal contractors with exceptional equal...
Ill. Attorney General, 38 Others, Oppose Health Plan in U.S. Senate
Apr 27 2006 // Illinois Attorney General Lisa Madigan sent a letter this week to U.S. Senate members urging them to oppose a bill that would dramatically change the health insurance marketplace by preempting state-mandated benefit...
Prospects for Trade Deal Near Collapse
Apr 27 2006 // Success for the “Doha Round” of trade negotiations appears to be getting more and more remote. Several recent events have increased the likelihood that the talks – named after the city in Qatar, where...
Swiss Re Launches Rights Offer to Fund GEIS Purchase
Apr 27 2006 // Swiss Re announced the launch of its planned $1 billion rights issue to fund its purchase of GE Insurance Solutions (GEIS). In addition, the company provided further information on its forthcoming hybrid capital offerings....
U.S. Senate Panel Advises Scrapping, Then Rebuilding, FEMA
Apr 27 2006 // The United States’ disaster response agency should be abolished and rebuilt from scratch to avoid a repeat of government failures exposed by Hurricane Katrina, a Senate inquiry has concluded. Crippled by years of...
Aspen to Release Q1 Results Today; Conference Call on April 27
Apr 26 2006 // Bermuda-based Aspen Insurance Holdings Limited will release its first quarter 2006 financial results today, Wednesday, April 26, 2006, following the closing of the U.S. markets. The Company will hold a conference call to...
U.S. Commercial Brokers Reiterate Call for Terrorism Backstop
Apr 25 2006 // The commercial insurance marketplace cannot effectively price and underwrite terrorism coverage because there still is no effective modeling, so any long-term solution to the terrorism risk coverage must involve the...
Canada’s Suncor Energy Settles Business Interruption Insurance Claim
Apr 25 2006 // Suncor Energy Inc. reports that it has settled business interruption insurance claims related to a January 2005 fire at the company’s oil sands facilities. The total amount of the BI settlement is approximately $980...
Despite AIA Optimism USTR Change Raises Doubts on Doha Round
Apr 24 2006 // The American Insurance Association has issued a bulletin commending outgoing United States Trade Representative (USTR) Rob Portman for his leadership on trade negotiations. The AIA also welcomed his successor, Deputy USTR...
Zurich’s CEO Comments on Results, Future Plans at Annual Meeting
Apr 24 2006 // Zurich Financial Services’ Annual General Meeting, held April 20, evinced the considerable turn around in its fortunes under the direction of CEO James J. Schiro, who took over the faltering giant in May 2002. In his...
Judge Sues Nationwide for Denying His Claim After Katrina
Apr 21 2006 // A federal judge in Gulfport, Miss., who would have presided over homeowners’ lawsuits against insurance companies after Hurricane Katrina is waging his own battle against the insurer of his Gulf Coast home. U.S....
ACE USA Introduces New Foreign Clinical Trial Coverage
Apr 21 2006 // ACE USA, the U.S.-based retail operating division of Bermuda’s ACE Group of Companies, announced the introduction of “Foreign Clinical Trial Coverage,” to be available to U.S.-based life science companies...
Insurer Targets Market for Off-Road Recreational Vehicles for Retirees
Apr 21 2006 // No more rocking chairs and shuffleboard. Today, more retired Americans are apparently heading off-road for recreation and adventure. To better serve this active and growing population, The Hartford Financial Services...
Reviewer Doubts Server Training Helps Curb Alcohol-Related Injuries
Apr 21 2006 // Programs for modifying environments where alcohol is served — including bars and liquor stores — do not help reduce alcohol-related injuries, according to a new review of controlled studies. “There is no reliable...
