Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Texas Occupational Injury, Illness Rate Lower than National Rate for 14th Straight Year
Dec 14 2004 // The Texas Workers’ Compensation Commission (TWCC) reported that in the latest reporting period for nonfatal workplace injury and illness incidence rates, Texas was lower than the national rate. In 2003, the Texas...
Actuaries Address Concerns Over Professions Integrity
Dec 10 2004 // The actuarial profession in several countries is developing new rules and standards to affirm its integrity and competence to the public, said international representatives at the Casualty Actuarial Society (CAS) annual...
S&P Reports Stable Outlook for U.S. Reinsurers
Dec 9 2004 // Standard & Poor’s Ratings Services has published an article titled “U.S. Reinsurance Year-End 2004 Outlook: Ratings Stability in 2005, An Atoll in Stormy Seas.” The article reviews the U.S....
OPIC Approves $250 Million Political Risk Policy for Israeli Pipeline; Credits Aspen Institute
Dec 9 2004 // The board of directors of the Overseas Private Investment Corporation (OPIC) announced the approval of $250 million in political risk insurance for the construction of a 65-mile pipeline that will serve as the centerpiece...
St. Paul Travelers Notes New Imported Products Program for Special Exposures
Dec 9 2004 // St. Paul Travelers announced the introduction of a new Imported Products Program, designed to furnish coverage for the special exposures faced by U.S.-based companies that import foreign products. The policy is...
Levene to Serve 2nd Term as Lloyd’s Chairman
Dec 8 2004 // Lloyd’s announced that Lord Peter Levene of Portsoken is to serve a second term as its Chairman. He became Lloyd’s 61st Chairman, for a minimum term of three years in November 2002, and has accepted an...
S.A. Peck & Co. New Keeper of Diamonds Seized During Frankel Investigation
Dec 8 2004 // Chicago-based S.A. Peck & Co. has purchased diamonds from the United States Department of the Treasury that had been seized in 2001 from reclusive financier and criminal genius Martin Frankel, otherwise known as the...
U.S. Personal Lines Sector Remains Strong With a Stable Outlook, Report Says
Dec 7 2004 // Fundamentals remain strong for U.S. personal lines insurance carriers, according to a report published by Standard & Poor’s. This is reflected in S&P’s decision to retain a stable outlook on the...
Prime Authorized to Write Surplus Lines in Washington
Dec 7 2004 // Sandy, Utah-based Prime Insurance Syndicate Inc. announced that it has received approval to write surplus lines insurance business in the state of Washington effective as of Nov. 1, 2004. Prime, which offers solutions for...
Competition and Investigations Are Squeezing U.S. Commercial Lines’ Earnings, Report Says
Dec 7 2004 // U.S. insurers will see their 2004 earnings from commercial lines fall as rate increases peak and legal investigations intensify, according to a report published by Standard & Poor’s. The report, titled...
Ill Winds Blow but the Ship Remains on Course
Dec 6 2004 // This year’s annual report on the reinsurance industry is a bit later than usual. It seems that beginning in August the voyage was interrupted by some serious storms, and it was hard to catch up to the boat as it...
SPITZER TAKES COMPENSATION PROBE TO WASHINGTON
Dec 6 2004 // Senate Panel Wants In, Agents Want Out of Brokerage Scandal At recent Senate hearings in Washington called to follow-up on allegations of bid rigging and hidden compensation by Marsh and other large insurance brokers,...
Keeping Up with Insurance Brokerage Investigations
Dec 6 2004 // Recent Key Developments in Ongoing Probes of Marsh, Other Brokers and Insurers Marsh ‘Hopeful’ of Quick Settlement Marsh & McLennan has been in constant contact and cooperation with New York Attorney Eliot...
S&P Affirms Centre Solutions Ratings; Withdrawn at Company Request
Dec 6 2004 // Standard & Poor’s Ratings Services announced that it has removed its ‘BBB-‘ ratings on Centre Solutions (Bermuda) Ltd. and related operating companies from CreditWatch, where they were placed on...
Keeping Up with Insurance Brokerage Investigations
Dec 6 2004 // Recent Key Developments in Ongoing Probes of Marsh, Other Brokers and Insurers Marsh ‘Hopeful’ of Quick Settlement: Marsh & McLennan (MMC) has been in constant contact and cooperation with New York...
JUDGE RULES AGAINST MUTUAL BENEFITS IN FAVOR OF SEC:
Dec 6 2004 // A federal magistrate judge has upheld U.S. Securities and Exchange Commission (SEC) findings that Mutual Benefits Corporation (MBC), the nation’s largest viatical settlement company, engaged in violations of...
Swiss Re Economists Note Stock Market Risk
Dec 3 2004 // Swiss Re’s eighth survey of economists’ opinions shows they consider stock market risk to be substantial. The reinsurer’s “Economic Risk Survey,” conducted in October, also indicated that the...
Weather Experts Predict More Active Hurricane Seasons
Dec 3 2004 // National Hurricane Center forecasters warn that a trend toward greater numbers of storms and stronger storms may last for years. If they’re right, the southeast United States could suffer through many more vicious...
Cunningham Lindsey U.S. Names Nann as VP
Dec 1 2004 // Dallas-based Cunningham Lindsey U.S. Inc. (CLUS) announced that Karl Nann has been named vice president and director of Property & Catastrophe. With more than 30 years of experience, Nann has held several key...
FEMA Notes Record Aid for 2004 Hurricane Season
Nov 30 2004 // The U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) reported this week that a record $4.27 billion in FEMA disaster funds have been expended to date to aid people and communities...
