Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Small Businesses Start Small Then Grow into Big Businesses
Mar 8 2004 // According to the U.S. Census Bureau there were more than five million firms employing fewer than 20 people in 2001, not counting the millions of people who are self employed. Another 600,000 firms employed between 20 and...
S&P Report Examines U.S. Insurer Failures in 2003
Mar 3 2004 // Standard & Poor’s Ratings announced that it has published an article that examines failures among U.S. insurers in 2003. “The number of U.S. insurance failures fell to its lowest five-year level in 2003...
New Swiss Re Sigma Study Reviews 2003 CAT Losses
Mar 3 2004 // Natural and man-made catastrophes caused the deaths of more than 60,000 people worldwide last year, according to Swiss Re’s latest sigma report. Over two thirds of these were the victims of earthquakes. Overall...
Fitch: Competition May Brake Auto Rate Increases
Mar 1 2004 // The U.S. auto insurance sector may be approaching a yield sign of increased competition after cruising through favorable pricing conditions for the last three years, according to a special report by Fitch Ratings. Though...
Small Businesses Start Small Then Grow into Big Businesses
Feb 23 2004 // According to the U.S. Census Bureau there were more than five million firms employing fewer than 20 people in 2001, not counting the millions of people who are self employed. Another 600,000 firms employed between 20 and...
Underwriting the Dream Home
Feb 23 2004 // Whether it’s called custom, upscale, mansion or high-value, a dream home requires special handling from property insurers. High-value homes represent a growing segment of the more than 81 million single-family homes...
S.D. SUED OVER COUNTERSIGNATURE LAW:
Feb 23 2004 // South Dakota is one of three U.S. jurisdictions whose countersignature laws are being challenged in court by the Washington, D.C.-based Council of Insurance Agents and Brokers. The statutes preclude out-of-state insurance...
Natural Disasters More Severe and More Costly
Feb 23 2004 // According to a recently released report from Munich Re, fatalities caused by natural catastrophes were up 450 percent in 2003, while insured losses reached $15 billion. More ominous was the reinsurer’s conclusion...
What is the Right Prescription for Florida’s Nursing Home Problems’
Feb 23 2004 // Although many complex issues need to be resolved to solve Florida’s nursing home crisis, tighter litigation reforms are reportedly key to solving these problems, according to one insurance industry trade...
Underwriting the Dream Home
Feb 23 2004 // Whether it’s called custom, upscale, mansion or high value, a dream home requires special handling from property insurers. High value homes represent a growing segment of the over 81 million single-family homes in...
U.S.I. Names Robert Nesbit Sr. VP – Human Resources
Feb 20 2004 // U.S.I. Holdings Corporation announced that Robert Nesbit has been appointed to the position of Senior Vice President & Chief Human Resources Officer. He will be based in USI’s corporate office in Briarcliff...
Everest Re Group Announces Dividend
Feb 20 2004 // Everest Re Group Ltd. announced that its Board of Directors declared a dividend of $0.10 per share payable on or before March 19, 2004 to all shareholders of record as of March 1, 2004. Everest Re Group Ltd. is a Bermuda...
Cunningham Lindsey approved by CNA for claims handling
Feb 20 2004 // Cunningham Lindsey US, Inc., a subsidiary of Lindsey Morden Group, Inc., has recently been accepted by CNA as an approved Independent Adjusting Company to assist them with their outside claims handling needs in the United...
Medical Liability Reform Group Praising Senate Leaders for Their Efforts to Improve System
Feb 18 2004 // The Coalition for Affordable and Reliable Health Care (CARH), an organization of health care providers and others dedicated to medical liability reform, this week praised new efforts by U.S. Senate leaders to bring balance...
Converium 2003 Net up 73% at $185 Million
Feb 17 2004 // Swiss-based reinsurer Converium boosted its net earnings by 73.3 percent last year to $185.1 million, compared to $106.8 million in 2002. Gross premiums written were up 19.5 percent to $4.2239 billion from $3.5358 billion...
SCOR 2003 Gross Premiums Drop 26%
Feb 13 2004 // French reinsurer SCOR Group announced a 26 percent drop in premium income for 2003 to 3.691 billion euros ($4.735 billion), compared to 5.016 billion ($6.435 billion) in 2002, following its decision to exit unprofitable...
Kingsway Posts 7% Increase in Net to $64.6 Million
Feb 13 2004 // Canada’s Kingsway Financial Services Inc., a leading provider in the U.S. of non-standard auto insurance, announced that its net income for the year increased by 7 percent to a record C$85.3 million (U.S. $64.6...
Guy Carpenter Unveils Model for Analyzing U.S. Publicly Traded D&O Liability Risks
Feb 12 2004 // In response to insurance companies’ reported need for more effective tools to manage their Directors & Officers Liability Insurance (D&O) portfolios for U.S. publicly traded companies, Guy Carpenter &...
AIG Reports Record 2003 Net Income of $9.27 Billion
Feb 12 2004 // American International Group, Inc. (AIG) reported that its net income for the full year 2003 increased 68.0 percent to a record $9.27 billion, compared to $5.52 billion in 2002. Net income excluding realized capital gains...
Broker Group Makes a Federal Case of Countersignature Laws
Feb 11 2004 // The Washington, D.C.-based Council of Insurance Agents and Brokers (CIAB) has filed suit in South Dakota, West Virginia and the U.S. Virgin Islands challenging statutes that preclude out-of-state insurance brokers from...
