Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
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...
Aon to Outsource Most U.S. IT Infrastructure to CSC
May 25 2004 // Aon Corp. and California-based Computer Sciences Corp. (CSC) announced that they have agreed to negotiate the outsourcing of the majority of Aon’s U.S. information technology (IT) infrastructure. The transition to...
ATF Takes Part in Coral Gables (Fla.) Fire Investigation; Damages in Excess of $1 Million
May 21 2004 // The National Response Team (NRT) from the Bureau of Alcohol, Tobacco, Firearms & Explosives (ATF), United States Justice Department along with ATF special agents from Miami, have entered the investigation of a...
AIA Pleased With Removal of Judge in Asbestos Bankruptcy Cases
May 20 2004 // The American Insurance Association (AIA) on Wednesday praised a recent federal appeals court ruling that removed a judge from overseeing three major asbestos-related bankruptcy cases in New Jersey. In a 2-1 decision, a...
EQECAT Hurricane Model Certified by Fla. Commission
May 20 2004 // EQECAT Inc., announced that the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM) unanimously re-certified EQECAT’s Hurricane model for use in Florida. The certification was the seventh in a...
U.S. House Passes OSHA Changes for Employers
May 20 2004 // Employers could get more time to challenge citations by the Occupational Safety and Health Administration and more companies could recoup lawyers’ fees under a set of House bills that would make employer-friendly...
Swiss Re Sees U.S. Economy Strengthening
May 20 2004 // Swiss Re’s seventh survey of economists’ opinions of the U.S. economy found that there is far less concern over drastic declines in equity markets and the value of the dollar, but fears of inflationary...
U.S. Investment Slowing in Europe Says RiskProNet Conference Speaker
May 19 2004 // Net U.S. investment in Europe has slowed considerably in the past decade, J. Bradford DeLong, professor of economics at the University of California at Berkeley, told directors of RiskProNet International Inc., at recent...
PIA Calls on All State Departments to Protect Returning U.S. Soldiers from Rate Hikes, Coverage Denials
May 19 2004 // The National Association of Professional Insurance Agents (PIA) on Wednesday called on the commissioners of insurance in all 50 states to immediately make it clear that no insurance company should deny auto coverage to...
Insurers Urge Senate Panel to Extend TRIA
May 18 2004 // Congress should act this year to extend the Terrorism Risk Insurance Act (TRIA) for two years beyond its Dec. 31, 2005, expiration date because the private market alone cannot deal with further catastrophic terrorist...
Lloyd’s to Donate $300,000 to NAPSLO Education Fund
May 18 2004 // Lloyd’s announced that it will donate $300,000 to the Derek Hughes/NAPSLO Educational Foundation, Ltd. to encourage the educational development of students and professionals interested in the excess and surplus lines...
U.S.I. Holdings Corp. Teams with Boston Celtics as Official Risk Management Partner
May 18 2004 // U.S.I. Holdings Corp. announced a multi-year partnership naming USI the official risk management partner of the Boston Celtics. Under this agreement, USI will exclusively provide the Celtics with all risk management...
AIR 2004 U.S. Hurricane Model Certified by Fla. Commission for 8th Straight Year
May 17 2004 // AIR Worldwide Corporation (AIR) announced the certification of its 2004 U.S. Hurricane Model by the Florida Commission on Hurricane Loss Projection Methodology. For the eighth consecutive year the AIR model has been...
The Costly Reality: 10 Myths of the Uninsured
May 17 2004 // If members of Congress want to make a “serious dent” in reducing the number of Americans without health insurance, they will have to “claim and redirect a considerable amount of public resources,”...
RIMS Report: Commercial Insurance Buyers Look Forward to Lower Prices
May 17 2004 // As thousands of risk management professionals, carrier executives, vendors and industry watchers gathered at the Risk and Insurance Management Society’s annual conference in San Diego, last month, there was only one...
Defense Base Act Workers’ Comp
May 17 2004 // Nuts & Bolts: ACE U.S. International is offering coverage for Defense Base Act (DBA) workers’ comp exposures for prime contractors and subcontractors performing public works contracts overseas that have been...
The Sad Case of the Mad Cow
May 17 2004 // The discovery in December 2003 of the first known case of bovine spongiform encephalopathy (BSE)—commonly known as mad cow disease—in the United States was a downer, both literally and figuratively. A United States...
Reports Find Wide Range of Auto Rates Across U.S.
May 17 2004 // Two recently released studies on trends in automobile insurance rates show a wide variation in the cost for coverage across the nation. At first glance, they also seem to show a big discrepancy in their findings. It turns...
Taking the Risk: Protecting Your Clients with Political Risk Insurance
May 17 2004 // Over the past three decades, 80 percent of the terrorist attacks against the United States have been directed against American businesses in foreign locations. In 2001, about 400 American businesses were attacked. Compared...
All the World’s a Market for Rekerdres & Sons
May 17 2004 // Texas agency insures nearly half of the nation’s cotton exports. Ted Rekerdres never intended to go into the insurance business, but an effective sales job by his father “Rek” Rekerdres, who established...
