Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
National Health IT Network Would Cost $200 Billion, Study Says
Aug 4 2005 // While many experts agree that widespread use of information technology could greatly improve the U.S. health care system, adoption remains slow, mainly due to the high cost barrier. But just how great are the costs...
Warning: Bulk of Season’s Atlantic Hurricanes Still to Come
Aug 2 2005 // With a very active Atlantic hurricane season underway, the government’s hurricane experts are warning that the bulk of this season’s storms are still to come. The National Oceanic & Atmospheric...
Aon Witnesses Q2 Jump
Aug 2 2005 // Aon Corporation has reported second quarter and six months 2005 results. Second quarter 2005 net income and the related per share amount increased 10% to $191 million or $0.57 per share from the second quarter of 2004. Net...
Chubb Sells Personal Lines Insurance Brokerage to Hub International
Aug 1 2005 // Chubb Corporation announced that it has entered into an agreement to sell Personal Lines Insurance Brokerage, Inc. (PLI) to Chicago-based Hub International Limited. The transaction is expected to close within 60 days,...
Platinum Underwriters Announces Management Changes, Dividend
Jul 29 2005 // Bermuda-based Platinum Underwriters Holdings Ltd. announced it has appointed Michael D. Price to serve as its chief operating officer, subject to the approval of the Bermuda Department of Immigration. In this capacity,...
Don’t Trust Anyone Over…71? Poll Reveals Americans’ Views on Aging
Jul 28 2005 // Most Americans believe that being “old” means being age 71 or older and wish they themselves were still under age 40. A poll by the MetLife Mature Market Institute conducted by Zogby International shows that 60...
ACE USA, ACORD Partner to Address Growth of International Exposures
Jul 28 2005 // ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, joined with The Association for Cooperative Operations Research and Development (ACORD) to announce the release of ACORD Forms 125, 815 and...
U.S. Risk Adds Perez in Houston Office
Jul 28 2005 // Dallas based U.S. Risk Insurance Group Inc. announced it has appointed Oscar Perez as the commercial underwriting manager responsible for contract underwriting in the Houston branch office. Perez has over 30 years...
U.K. Caught in U.S.-Style Lawsuit Craze? Hogwash, Say Trade Unions
Jul 28 2005 // The United Kingdom is not in the grips of a U.S.-style compensation culture, nine out of every 10 workers injured or made ill by their jobs never receive a penny, and the best way for employers to ensure they stay out of...
Bay Area Agent/Broker Pleads Guilty
Jul 27 2005 // A former California insurance broker/agent faces up to 20 years in prison after pleading guilty in New York to conspiracy charges related to insurance fraud. The case stems from the findings of a joint investigation by the...
Greater N.Y. Mutual CEO Makes Case for Terror Coverage; NAMIC Suggests Britain’s Pool Re as Model
Jul 27 2005 // Warren Heck, chairman and chief executive officer of Greater New York Mutual Insurance Company in New York, N.Y., brought his company’s front line experience with terrorism risk before a House Financial Services...
Pacific Insurance Conference in October to Seek ‘Pathways to Success’
Jul 26 2005 // The 22nd Pacific Insurance Conference will be held at the Grand Hotel, Taipei, Taiwan on October 23 – 26, 2005. The 2005 conference features industry leaders making presentations, moderating panel discussions, and...
U.S. and Japan Insurers Propose International Accounting Standards
Jul 25 2005 // Leading U.S. life and property/casualty insurance and reinsurance companies and the four largest life insurance companies in Japan have jointly advanced a draft of basic insurance accounting principles that recognize the...
U.S. Rep. Seeks to Halt Denial of Insurance Due to Travel Plans
Jul 25 2005 // U.S. Rep. Debbie Wasserman Schultz, D-Fla., was outraged when she applied for additional life insurance and was denied because she might travel to Israel at some unspecified point. So now she’s planning to file a...
U.S. Firms Prevail as Court Denies British Insurer’s Scheme to Curtail Liabilities Yet Remain Solvent
Jul 22 2005 // London insurance companies facing asbestos, pollution and other long-tail liabilities to U.S. policyholders that resort to so-called “solvent schemes” to cut off claims and avoid liquidation have been dealt a...
Md. Workers’ Comp Payments Outpace U.S. Average, Study Says
Jul 22 2005 // In Maryland, total workers’ compensation payments for injured workers’ cash benefits and medical care rose by 9.4 percent to $628.5 million in 2003, according to a report by the National Academy of Social...
Firearm Manufacturers Target D.C. Strict Assault Weapon Liability Act
Jul 20 2005 // Firearm manufacturers have filed papers asking the U.S. Supreme Court to review a District of Columbia Court of Appeals ruling permitting lawsuits against firearms manufacturers under the District of Columbia’s...
Fitch Assigns ‘AA-‘ FSR for American Re
Jul 20 2005 // Fitch Ratings has assigned an ‘AA-‘ insurer financial strength rating to American Reinsurance Company (AmRe). The Rating Outlook is Stable. Fitch’s rating on AmRe reflects its view that the company is a...
PIA’s Donnelly to Head New Hiscox U.S. Office; Ward, Chavez Also Join
Jul 19 2005 // Hiscox plc has announced a number of appointments to expand its presence and distribution in the U.S. market. Ed Donnelly joins Hiscox with immediate effect in the newly-created position of president of Hiscox USA. He will...
Gregg has held a number of executive positions within Liberty Mutual’s commercial insurance operations since joining the
Jul 18 2005 // OneBeacon Insurance Group, a wholly owned subsidiary of White Mountains Insurance Group Ltd., announced that Mike Miller, its current chief operating officer, has been appointed president and chief executive officer....
