Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Slave Trade Suit Targets Lloyd’s, U.S. Companies
Apr 19 2004 // Ten present day descendants of slaves, transported from Africa in the 18th and 19th centuries, have filed a law suit against R.J. Reynolds Tobacco Co., Fleet Boston Financial Corp. (as successor in interest to the...
Arrowhead’s Co-CEOs Ruyak, Walker Discuss Dual Leadership Structure
Apr 19 2004 // In just 20 years, Arrowhead General Insurance Agency Inc. has grown from a small general agency specializing in nonstandard automobile business in California, to one of the nation’s largest privately held general...
The Costly Reality: 10 Myths of the Uninsured
Apr 19 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,”...
Spanish Train Bombings Renew Terrorist Threat
Apr 19 2004 // March 11, 2004 now joins Sept. 11, 2001 as dates no one now living will ever forget. The sheer horror of watching the aftermath of 10 separate explosions on the Spanish rail network in Madrid brought home the brutal...
People and Places
Apr 19 2004 // Thomas Bradley Schaumburg, Ill.-based commercial lines insurer Zurich North America announced that Thomas Bradley will become chief operating officer of finance and administration and chief financial officer of its North...
S&P Enhances Criteria to Evaluate Loss Reserves of Global Reinsurers
Apr 16 2004 // Standard & Poor’s has recently enhanced its criteria for evaluating the loss reserves of global reinsurance groups and certain non-U.S. insurance groups writing casualty business, according to a recently...
ACE USA Makes Available Defense Base Act Workers’ Comp Coverage for Overseas Jobs
Apr 16 2004 // ACE US International, a unit of ACE USA-the U.S.-based retail operating division of The ACE Group of Companies- is offering coverage for Defense Base Act (DBA) workers’ compensation exposures for prime contractors...
Former Washington Redskin Sacked on Multiple Fraud Charges; Indictment Reaches 17 Counts
Apr 15 2004 // Thomas DiBiagio, United States Attorney for the District of Maryland, announced that a federal grand jury has returned an indictment charging Ozzie Clay, 61, of Silver Spring, Md., with mail fraud, wire fraud, bankruptcy...
U.S.I. Holdings Announces Pricing of Shares
Apr 15 2004 // U.S.I. Holdings Corporation (NASDAQ:USIH) today announced that it has set the price of the public offering of 9,764,850 of its common shares at $14.72 per common share. Of those shares, 3,500,000 shares were sold by the...
ACE USA Announces Executive Appointments
Apr 13 2004 // ACE USA, a member of The ACE Group of Companies, announced key changes to the ACE USA business operations. The following appointments take effect immediately: John Lupica, president, ACE Professional Risk, has been...
U.S.I. Holdings to Acquire Los Angeles-based Dodge, Warren & Peters
Apr 13 2004 // U.S.I. Holdings Corporation (“USI”) announced that it has completed due diligence and entered into a definitive agreement to acquire Los Angeles, Calif.-headquartered Dodge, Warren & Peters Insurance...
St. Paul Travelers Unveils Enhanced Commercial Property, General Liability Product for Companies Doing Foreign Business
Apr 13 2004 // St. Paul Travelers has introduced an enhanced version of Global Companion, an international commercial property and general liability product designed to help protect U.S.-based companies from the risks associated with...
ACE USA Unveils Storm Tracker
Apr 12 2004 // ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, has introduced Storm Tracker, a new insurance product that provides coverage for business losses occurring when a hurricane arrives within a...
Fla. CFO Warns About Single-Employer Trusts
Apr 12 2004 // Florida’s Chief Financial Officer Tom Gallagher is alerting employers to use caution when considering setting up a health benefit plan through a Single Employer Trust (SET) document that requires sending financial...
CIAB Proceeds to Dismiss W. Virginia Lawsuit Following State Overturn of Counter-Signature Statute
Apr 8 2004 // The Council of Insurance Agents & Brokers (CIAB) reported it will dismiss its federal lawsuit challenging West Virginia’s counter-signature requirements for out-of-state insurance brokers because the state has...
GOP Introduces Asbestos Litigation Reform in U.S. Senate
Apr 8 2004 // Asbestos litigation reform legislation introduced Wednesday by Senate Majority Leader Bill Frist (R-Tenn.) and Senate Judiciary Committee Chairman Orrin Hatch (R-Utah) represents a significant step forward in the effort to...
RMS Final Winter Regional Weather Index
Apr 7 2004 // California-based Risk Management Solutions (RMS), a leading provider of products and services for the management of catastrophe risk, announced that final values for its regional weather indexes show that temperatures in...
Fla. Association of Insurance Agents Chooses ACE USA as Exclusive Provider of International P/C Insurance
Apr 7 2004 // ACE US International, a division of ACE USA, the U.S.-based retail operations of The ACE Group of Companies, announced that it has been selected as the exclusive provider of global programs and specialty insurance coverage...
Report Estimates Potential Costs to U.S. Insurance Industry from a Repeat of 1974 Tornado Super Outbreak
Apr 6 2004 // Risk Management Solutions Inc. (RMS), a provider of products and services for catastrophe risk management, announced the release of an in-depth study of potential costs to the U.S. insurance industry from a recurrence of...
HIA Names Green Industry Workers’ Comp Board
Apr 6 2004 // Hotchkiss Insurance Agency Inc. (HIA), a provider of insurance services to building contractors and specialty industries in Texas, announced that Johnette Taylor, Greg Walsh and Candy Atkins will make-up the...
