Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
What is Finite Risk Reinsurance? A Definitive Explanation
Jul 4 2005 // Recent insurance industry investigations have begun to put prior finite reinsurance transactions under a microscope, creating the need to re-examine this reinsurance product, but more importantly determine its role in the...
FEDERAL JUDGES ORDER CLAIMANTS TO REIMBURSE FEMA
Jul 4 2005 // Quiana Riggins and Lesley Johnson have been ordered by the U.S. District Court in Miami to repay the Federal Emergency Management Agency for funds they received after filing false hurricane damage claims. Riggins and...
U.S. Employers Turning to Wellness Programs to Manage Health Care Costs
Jul 4 2005 // Businesses are increasingly turning to wellness programs to get a handle on rising health care costs, and most believe these programs will have a long-term impact but few short-term benefits, according to a survey released...
People
Jul 4 2005 // Columbus, Ohio-based Grange Insurance has promoted Alan D. Brannan to the new post of president of property/casualty for the Grange Mutual Casualty Group. In his new role, Brannan will oversee all property/casualty...
News Briefs
Jul 4 2005 // ILLINOIS Feds Subpoena CNA on Finite Reinsurance: Chicago-based commercial insurer CNA Financial Corp. has received a subpoena from New York federal prosecutor David Kelley relating to his investigation of finite...
News Briefs
Jul 4 2005 // ALABAMA Arlene’s Timing Perfect for Referral List When Tropical Storm Arlene blew through Alabama it made the timing ideal for the release of a homeowners insurance referral list providing area homeowners with the...
People & Places
Jul 4 2005 // Alan Brannan Columbus, Ohio-based Grange Insurance has promoted Alan D. Brannan to the new post of president of property/casualty for the Grange Mutual Casualty Group. In his new role, Brannan will oversee all...
Final U.S. Report on R.I. Nightclub Fire Urges Sprinklers, National Fire Code
Jul 1 2005 // The U.S. Commerce Department’s National Institute of Standards and Technology today urged all state and local governments to adopt and aggressively enforce national model building and fire safety codes for...
Risi Named Deputy in N.Y. Insurance Department
Jun 30 2005 // New York State Insurance Superintendent Howard Mills has named Joseph Risi as Deputy Superintendent of Insurance effective immediately. Mills said Risi will coordinate various department management initiatives and work...
Businesses Hit Treasury Terrorism Insurance Report
Jun 30 2005 // The business lobby, Coalition to Insure Against Terrorism, is blasting as “flawed” and illogical the Treasury Department’s report recommending against renewal of the federal Terrorism Risk Insurance Act...
Brown & Brown Moves Lawyer’s PL Program to Greenwich
Jun 27 2005 // Brown & Brown Inc. today announced that Greenwich Insurance Company, XL Capital Ltd’s US- based primary insurer (Greenwich), will become the new carrier for the Lawyer’s Protector Plan (LPP) insurance...
Kingsway Appoints Two New Directors
Jun 24 2005 // William G. Star, chairman and CEO of Toronto-based non-standard auto insurer Kingsway Financial Services Inc. announced the appointment of Walter Farnam and Jack Sullivan to the company’s Board of Directors. Farnam...
Doors to Vietnam Market Set to Open for AIG
Jun 24 2005 // American International Group Inc. (AIG) announced that its subsidiary, American International Underwriters Insurance Company (AIUI), has been notified that it will receive a license from the government of Vietnam to...
Report: U.S. Reinsurance Market Posts 105.5% Combined Ratio in 2004
Jun 23 2005 // Forty reinsurance companies reported net written premiums of $30.1 billion for 2004, showing a combined ratio of 105.5 percent in the Reinsurance Association of America’s “Reinsurance Underwriting Review: 2004...
IMG to Refund U.S. Grand Prix Tickets
Jun 22 2005 // International Medical Group(R), Inc. announced that, through its subsidiary iTravelInsured(R), it would offer refunds for U.S. Grand Prix tickets to any client who purchased trip cancellation coverage through the company...
Reseda Broker Pleads Guilty to Forgery
Jun 20 2005 // Insurance broker Sajjad Hussain Shaikh, also known as Adam Shaikh, of Reseda, California has pled guilty to one count of forgery. Shaikh was sentenced to three years of summary probation and ordered to pay a $1,410 fine on...
What is Finite Risk Reinsurance? A Definitive Explanation
Jun 20 2005 // Recent insurance industry investigations have begun to put prior finite reinsurance transactions under a microscope which creates the need to re-examine this reinsurance product, but more importantly determine its role in...
People
Jun 20 2005 // Gerald O’Neill has been named NBIS vice president of underwriting. O’Neill comes to NBIS with more than 20 years of insurance experience in the brokerage and reinsurance community. O’Neill has held...
By Andrea Ortega-Wells
Jun 19 2005 // 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 2005 // 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...
