Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Study Shows Deadly Gaps in State Road Safety Laws
Jan 26 2004 // Advocates for Highway and Auto Safety (Advocates) released its first “Roadmap to State Highway Safety Laws: A Report on States in the Passing Lane, in the Slow Lane and Stopped on the Shoulder” that found many...
Natural Disasters More Severe and More Costly
Jan 26 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...
United National Settles B of A Suit; Confirms David Bradley’s Appointment as CEO
Jan 23 2004 // United National Group, Ltd., a specialty insurer, headquartered in the Cayman Islands, announced that its subsidiary, Diamond State Insurance Company, has entered into a settlement with Bank of America and Platinum...
Fla. Nursing Home Fix Should Include Litigation Reform
Jan 22 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. “The passage in 2001 of S.B. 1202 provided only...
S&P Affirms ING Group’s Ratings; Insurance Outlook Negative
Jan 22 2004 // Standard & Poor’s Ratings Services announced that, following a review, it has affirmed its ratings on Holland’s ING GROEP N.V. and related entities, “including its ‘A+/A-1’ counterparty...
Aspen Announces New U.S. Property Reinsurance Team
Jan 16 2004 // Bermuda-based Aspen Insurance Holdings Limited announced that, subject to regulatory filings, it will expand its U.S. property reinsurance underwriting as of January 26, 2004 through the formation of a new property...
Federal Court Halts Enforcement of Texas HB 1131
Jan 15 2004 // Allstate Insurance Company announced that the United States Federal District Court for the Northern District of Texas has granted Allstate and Sterling Autobody Centers’ request for a preliminary injunction against...
Lord Levene Stresses Lloyd’s Special Relationship with U.S.; 2004 Priorities
Jan 15 2004 // Speaking at a joint meeting of the Downtown Association and the Insurance Brokers Association of New York (IBANY)* yesterday, Lloyd’s Chairman, Lord Peter Levene, reminded his audience of the longstanding special...
Kingsway Consolidates Reporting Structure; James Zuhlke Resigns Post
Jan 14 2004 // Canada’s Kingsway Financial announced the consolidation of the reporting structures of both its U.S. and Canadian operations through the Toronto based holding company. Effective immediately the presidents of all U.S....
Endurance Names New U.S. President; Forms Service Company
Jan 13 2004 // Endurance Specialty Holdings Ltd., a Bermuda-based provider of property and casualty insurance and reinsurance, announced that William Jewett, presently the COO of its U.S. subsidiary, Endurance Reinsurance Corporation of...
Moody’s Issues Report on Bermuda
Jan 13 2004 // Moody’s Investors Service has issued its annual report on Bermuda, discussing the island’s Aa1 foreign currency country ceilings, Aaa domestic currency rating, and stable outlook, which the rating agency...
Maresh Appointed to Argonaut Group’s Board of Directors
Jan 13 2004 // San Antonio-based Argonaut Group Inc. announced that its Board of Directors appointed Frank Maresh as a member of Argonaut Group’s Board effective Dec. 31, 2003. “As the former vice chairman of KPMG in the...
The Strange Saga of Near North’s Michael Segal
Jan 12 2004 // We are destroyed as of today,” Michael Segal, owner of Chicago-based Near North National Group, told me several weeks ago in his 20th-floor office in the John Hancock Tower. The group’s subsidiary, Near North...
Slow Ill. Job Market May Mean Less P/C Growth
Jan 12 2004 // The 2000 census estimated Illinois’ population at 12.4 million. More than 81 percent of the adult residents had graduated from high school and over 26 percent had earned a bachelor’s degree. Chicago’s 2.9...
The Right Man for the Right Job
Jan 12 2004 // An Exclusive Interview with Gregory Serio Gregory V. Serio, the superintendent of the New York State Insurance Department, is a busy man—moving between Albany, Manhattan, Washington D.C. and elsewhere about the country....
Schwarzenegger Governs One-Eighth of the U.S. Population
Jan 12 2004 // The U.S. Census Bureau’s Census 2000 estimated the population of the California at 33,871,648. Approximately 76 percent of the adult residents had graduated from high school and about 16 percent had earned a college...
Parmalat Scandal Widens; U.S. Insurers May Hold $1.6 Billion in Bonds
Jan 5 2004 // According to the latest accounts, Parmalat, the Italian dairy and food processing company, may have a shortfall in its accounts in excess of 8 billion euros ($10.1 billion), putting it on a par with Enron, as one of the...
Terrorist Threats Disrupt Holiday Flights
Jan 2 2004 // The elevated terrorist threat levels decreed by the Homeland Security Department and the U.S. Transportation Security Administration, coupled with repeated warnings from the FBI, combined to disrupt trans-Atlantic air...
Aid Workers Arrive in Bam as Quake Death Toll Rises; WHO Calls for More Help
Dec 31 2003 // Aid workers from more than 40 countries, including a team of 80 from the U.S., are trying to cope with the devastation wrought by the earthquake that hit the eastern Iranian city of Bam last Friday morning. Reports now...
Munich Re 2003 Catastrophe Study – Fatalities up 450 Percent; $15 Billion Insured Losses
Dec 30 2003 // Munich Re has released its analysis of natural catastrophes in 2003 and concluded that economic and insured losses continue to increase at a high level. Preliminary portions of the study had been presented at the recent...
