Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Insurers Urge U.S. Supreme Court to Change Utah Ruling in Landmark Punitive Damages Case
Sep 9 2004 // The National Association of Mutual Insurance Companies (NAMIC) and the Property Casualty Insurers Association of America (PCI) have filed an amicus brief urging the U.S. Supreme Court to consider a remand of a second Utah...
Cunningham Lindsey U.S. Adds Resources in Fla.
Sep 8 2004 // Dallas-based Cunningham Lindsey U.S. Inc. (CLUS) announced that in the wake of historic dual hurricanes in Florida, it has mobilized additional experienced claims professionals, supervisors and support staff into the...
Powerful Hurricane Ivan Ravages Caribbean Islands; Could Strike U.S.
Sep 8 2004 // Hurricane Ivan continued its destructive path through the Southeastern Caribbean yesterday, pummeling Grenada, Barbados and Tobago with 120 mph (195km/hr) winds before moving back over open water. No deaths have so far...
Aviva to Sell Asian P/C Business to Mitsui Sumitomo
Sep 7 2004 // The U.K.’s Aviva (ex-CGNU) has agreed to sell its Asian non-life business to Japan’s second largest general insurer (after Tokio Marine) Mitsui Sumitomo Insurance Co Ltd. (MSI), for £249 million ($443...
Commercial Property
Sep 6 2004 // Nuts & Bolts: AXIS U.S. Insurance’s excess and surplus property unit is now offering property insurance coverage for U.S.-based lumber, wood products and furniture risks. The underwriting of this specialized...
Charley Causes a Path of Destruction in Florida, Carolinas
Sep 6 2004 // Lessons from Andrew Taught Industry to “Be Prepared” Lessons learned from the most costly natural disaster in U.S. history more than prepared the insurance industry for the destruction left by Hurricane...
MarketScout Honoring U.S. Heroes with Sept. 11 Celebration
Sep 6 2004 // Dallas-based MarketScout is holding a Heroes! celebration on Sept. 11 and 12, 2004, to honor American soldiers who have served on active duty in Iraq or Afghanistan. The non-political event is intended simply to thank...
Commercial Property
Sep 6 2004 // Nuts & Bolts: AXIS U.S. Insurance’s excess and surplus property unit is now offering property insurance coverage for U.S.-based lumber, wood products and furniture risks. Covered risks include logging...
U.S. Court Approves $500 Million St. Paul Travelers Asbestos-Related Settlement
Sep 6 2004 // National • Aug. 18, 2004 “If you divide the huge sum of money by the number of claimants we arrive at a startling fact: each claimant will receive a whopping $741.67. What has been accomplished? A manufacturer has...
State Farm Again Asked Utah Court to Lower Civil Judgment Award
Sep 6 2004 // An insurance company that already won a $136 million reduction of a punitive damage award thinks that the $9 million it was ordered to pay is still too high. State Farm Mutual Automobile Insurance Co. has appealed the...
Long-Term Health Care Costs Loom Large for Governors
Sep 6 2004 // Soaring health care costs, coupled with the looming retirement of a record 77 million Americans starting in 2011, are casting a shadow of concern over states that worry their public health care systems can’t shoulder...
People and Places
Sep 6 2004 // Brian Corbett Westfield Center, Ohio-based Westfield Insurance has named Brian G. Corbett executive of personal lines and nonstandard auto. His responsibilities include managing the profitability and expansion of Defender,...
People and Places
Sep 6 2004 // Margie Bishop Vista Insurance Partners, based in San Antonio, appointed Margie Bishop as senior broker/underwriter. Bishop will work with current and new Vista agents to develop new business and retain existing accounts...
Toronto Bank Buying Majority of Banknorth
Sep 2 2004 // Officials at Banknorth Group, Inc. (NYSE: BNK) of Portland, Maine, and TD Bank Financial Group (TDBFG) of Toronto announced that they have signed a definitive agreement for TDBFG to acquire 51 percent of the outstanding...
Insurers Urge U.S. Supreme Court to Reverse Utah Ruling in Landmark Punitive Damages Case
Sep 2 2004 // The National Association of Mutual Insurance Companies (NAMIC) and the Property Casualty Insurers Association of America (PCI) have filed an amicus brief urging the U.S. Supreme Court to consider a remand of a second Utah...
Imagine Completes US$100 Million Share Issue
Sep 1 2004 // The Bermuda-based Imagine Group, a specialty insurance and reinsurance company, announced that it has completed a $100 million private placement of common shares with institutional investors. “The proceeds from the...
Converium Completes External Reserve Review; Share Issue to Raise $420 Million
Aug 31 2004 // Zurich-based Converium Holding AG announced that an external reserve review, conducted by the actuarial consulting firm Tillinghast-Towers Perrin, confirms reserves to be “within a reasonable range of actuarial...
UPDATE: Category 3 Hurricane Frances Still Heading towards U.S.
Aug 31 2004 // The National Hurricane Center’s latest bulletin on Hurricane Frances, issued this morning, confirmed that the storm is a category 3 hurricane, packing winds near 125 mph (205 km/hr.) with higher gusts. The NHC said...
Tropical Storm Hermine Heads for Northeastern U.S.
Aug 30 2004 // Although Tropical Storm Hermine is currently around 450 miles (720 kms.) off the coast of North Carolina, its projected path puts it on a course for the Northeastern U.S. by later this week. Hermine isn’t a...
Hurricane Frances Heading towards U.S.
Aug 30 2004 // The National Hurricane Center in Miami is currently tracking Frances, another powerful storm, which could strike the U.S. mainland by the end of the week. Frances is packing sustained winds of 125 mph (205 km/h) with...
