Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
State Farm Again Asked Utah Court to Lower Civil Judgment Award
Aug 26 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...
ACE USA Forms ACEONLINE; Benson Named President
Aug 24 2004 // ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, is creating a new unit, ACEONLINE, focusing on web-based distribution of insurance products that target the small to middle market. ACE...
Corporate Litigation in U.S. Growing Sharply for Large Companies
Aug 23 2004 // Believe it or not, American businesses may have become a tad less litigious in the past three years. In a new survey of national litigation trends by law firm Fulbright & Jaworski L.L.P., the average number of cases...
Key Findings in the Fulbright U.S. Corporate Litigation Trends Survey
Aug 23 2004 // Top Five Litigation Concerns In-house counsel were asked to rank their top five areas of litigation exposure. The number one concern was labor and employment, with 62 percent identifying it as the chief cause of action....
Cigarettes Blamed for 1 of 4 Fire Deaths, More Than Any Other Cause
Aug 23 2004 // The number of fires caused by lighted tobacco products – almost always cigarettes – increased by 19 percent in the most recent year studied, according to research by the the National Fire Protection Association...
Fiduciary Liability: The Most Misunderstood of Management Exposures
Aug 23 2004 // In the early 1960s, life in the United States was lived at a slower pace. Transportation and communication required more time (and patience) and employees were more inclined to trust employers on issues relating to...
AIR Releases 2004 U.S. Storm, Terrorism Models
Aug 23 2004 // AIR Worldwide Corp. announced the release of its 2004 U.S. hurricane, earthquake, severe thunderstorm and terrorism models. The updated models reflect the latest scientific and engineering research into these perils, as...
People and Places
Aug 23 2004 // Robert Drew Global insurance broker Willis Group Holdings announced the appointment of Robert Drew as CEO overseeing all Alabama operations – Mobile, Birmingham and Montgomery. Drew, with Willis for 10 years, the...
People and Places
Aug 23 2004 // Chantelle Burton Chantelle Burton joined Heath Insurance Brokers in the company’s Houston office as a professional and financial services broker. Prior to joining Heath, Burton was an associate director at Myron...
People and Places
Aug 23 2004 // Robert Falsarella Robert E. (Bob) Falsarella has joined Santa Rosa, Calif.-based George Rothert Insurance Services as the firm’s newest senior underwriter. Falsarella, a commercial-lines underwriter, has a background...
U.S. Bankruptcy Court Approves $500 Million St Paul Travelers Asbestos-Related Settlement
Aug 18 2004 // The U.S. Bankruptcy Court for the Southern District of New York has issued an order granting approval of a $500 million settlement of almost all Johns Manville Corp. asbestos-related suits pending against the Travelers...
Former TWC Employee Pleads Guilty to Federal Charges
Aug 18 2004 // U. S. Attorney Johnny Sutton reported that 55-year-old Irma M. Richie, a former Texas Workforce Commission (TWC) employee, her daughter, 35-year-old Mary A. Richie and son-in-law 35-year-old David Murillo pled guilty to...
Lloyd’s Opens West Coast Office in L.A.
Aug 17 2004 // Lloyd’s announced it is opening a West Coast office based in Los Angeles, whose principal goal will be to enhance the Lloyd’s trading platform in four Western States: California, Oregon, Washington and...
While Others Flee Dangerous Charley, Crews from MacDill Air Force Base Head Directly for the Storm
Aug 13 2004 // Mother Nature is poised to unleash hurricane-force winds and torrential downpours near Florida’s MacDill Air Force Base in Tampa Bay Friday, Aug. 13 from Hurricane Charley. While most people at MacDill have battened...
Hurricane Charley Heads for U.S. Mainland
Aug 12 2004 // As of 8:00 this morning Hurricane Charley was passing over Western Cuba, and the National Hurricane Center in Miami puts the storm on a track to strike Central Florida by tomorrow morning. Residents (and their insurers) in...
MarketScout to Honor U.S. Heroes With Sept. 11 Celebration
Aug 12 2004 // Dallas-based MarketScout announced it will hold a Heroes celebration on Sept. 11, 2004, to honor American soldiers who have served on active duty in Iraq or Afghanistan, and is encouraging insurance leaders across the...
Allied World Assurance Expands N.Y. Operation for Underwriting
Aug 11 2004 // Allied World Assurance Holdings Ltd announced that its subsidiary, Allied World Assurance Company (U.S.) Inc., has expanded the capabilities of its New York office to underwrite excess liability and errors and omissions...
ACE European Group Predicts More Alternative Risk Financing Over Next Five Years
Aug 10 2004 // Research amongst European and U.S. Risk Managers concludes that within the next five years over half will be using alternative risk financing as a key part of their risk programs, according to ACE European...
Visitors to U.S. Offered Health Coverage
Aug 10 2004 // Florida-based XN Financial Services announced that it will offer health insurance products and services to foreign nationals traveling in the U.S. through RCM&D, an Assurex Partner located in Baltimore, Maryland. The...
Nevada’s Countersignature Statute Thrown Out
Aug 10 2004 // A federal judge for the District of Nevada ruled Nevada’s statute that precludes out-of-state insurance brokers from conducting business in the state without the countersignature of a resident agent is...
