Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
AIR Provides Modeling Support for Helix Catastrophe Bond Launched by Converium
Jun 15 2004 // AIR Worldwide Corporation (AIR) announced it has performed the risk modeling and analysis in support of a private placement by Helix 04 Limited, a Bermuda special purpose exempted company. The five year, $100 million...
Schaefer to Serve as TechAssure Chairman
Jun 15 2004 // David L. Schaefer, principal and vice president of Virginia-based Armfield, Harrison & Thomas (AH&T) was recently elected as chairman of TechAssure Association Inc. In his role as chairman, Schaefer will work...
Association Files Countersignature Suit in Puerto Rico
Jun 15 2004 // The Council of Insurance Agents & Brokers (CIAB) has filed suit against the Commonwealth of Puerto Rico challenging a statute that precludes non-resident insurance brokers from conducting business in Puerto Rico...
The Intersection of Privacy Legislation and Insurance Related Litigation
Jun 14 2004 // Privacy legislation has affected almost all consumers of goods and services in the United States. Most notably, the Gramm-Leach-Bliley Act (GLBA) passed by the federal government in November of 1999 sets forth a complex...
AWAC Opens New York Branch
Jun 10 2004 // Allied World Assurance Company (U.S.) Inc., a subsidiary of Bermuda-based Allied World Assurance Holdings, Ltd., announced the formation of a branch office in New York City. Initially, the new office will focus on...
Wellington to Acquire AXA’s U.S. Specialty Lines
Jun 9 2004 // London-based Wellington Underwriting plc, a major Lloyd’s underwriter, has announced plans for expansion into U.S. Specialty business through the proposed acquisition of AXA Corporate Solutions Excess and Surplus...
ISO’s Coyne: Survival May Be Greatest Challenge for Many P/C Insurers
Jun 8 2004 // With all signs pointing to increasing competition in U.S. property/casualty markets, the most important challenge many insurers face may be survival itself, an industry leader said Tuesday. In remarks at the 76th Annual...
Crossing Paths with North Carolina Senator Elizabeth Dole
Jun 7 2004 // Crossing Paths with North Carolina Senator Elizabeth Dole By Dave Thomas Having served U.S. Presidents, the medical community and North Carolina residents as senator for the Tar Heel State, Sen. Elizabeth Dole has...
IIAH Celebrates Its 80th Anniversary This Month
Jun 7 2004 // The year was 1924. The first Macy’s Thanksgiving Day Parade was held in New York City. Gershwin’s “Rhapsody in Blue” premiered at Carnegie Hall. The first Winter Olympics opened in Chamonix, France....
Fortis and ING Celebrate Louisiana Purchase 200th Anniversary Bond Transaction
Jun 4 2004 // The Netherlands’ ING Group and Belgium’s Fortis have issued a joint bulletin celebrating the 200th anniversary of the bond issue that enabled the U.S. to complete the Louisiana Purchase from France. The...
ACE USA Names Guitian VP Mktg. Accident & Health
Jun 4 2004 // ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, announced that Thomas Guitian has been appointed Vice President, Marketing for ACE USA Accident & Health. Guitian will be based at the...
Survey Selects Hannover Re as Best Overall Reinsurer in North America
Jun 3 2004 // Germany’s Hannover Re announced the results of a survey, conducted by the U.S.-based Flaspöhler Research Group, that singled out the world’s fourth largest reinsurer as the best overall in the North American...
Sen. Clinton, Bipartisan Coalition Ask USDA to Improve Apple Crop Insurance
Jun 3 2004 // New York Senator Hillary Rodham Clinton has joined with her Senate colleagues in a bipartisan campaign to improve crop insurance coverage for all apple growers in New York and across the country. In a letter to Agriculture...
RMS Expands Services for Hurricane Season
Jun 2 2004 // According to a bulletin from Newark, Calif.-based Risk Management Solutions, threats from hurricanes will remain high this season, which officially began yesterday. The company, one of the world’s leading providers...
Report: Midyear Outlook Stable for U.S. Health Insurers
Jun 1 2004 // Standard & Poor’s Ratings Services published an article stating that the remainder of 2004 will likely see continued earnings strength for U.S. health insurers, but numerous competitive, political, regulatory,...
Survey: Majority of U.S. Institutional Investors Support Further Corporate Governance Reforms
Jun 1 2004 // Despite the recent debate over the Securities and Exchange Commission’s (SEC) governance proposals, a survey of U.S. institutional investors indicates that a vast majority backs the proposed reforms. Nearly 80...
$110 Million from Settlement in Credit Lyonnais Case Transferred to Calif. Commissioner’s Office
Jun 1 2004 // $110 million paid by Artemis S.A. in a settlement with the United States Attorney’s Office in connection with the Credit Lyonnais criminal case has been transferred to the California Insurance Commissioner, United...
S&P Affirms Two QBE Operating Units ‘A+’ Ratings
May 28 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘A+’ counterparty credit and financial strength ratings on Australia’s QBE Reinsurance Corp. (QBE Re) and QBE Insurance...
AIA Applauds Trade Pact with Bahrain
May 28 2004 // The American Insurance Association has issued a bulletin calling the recently concluded free trade agreement with Bahrain “an important step forward in free market interaction” between the U.S. and the Gulf...
Best Affirms Alea Group Subs ‘A-‘ Ratings
May 26 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A-“(Excellent) of the insurance and reinsurance operating subsidiaries of the Alea Group (Bermuda). The rating applies to Alea...
