Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Best Affirms Sirius ‘A’ Rating
Apr 23 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of Sweden’s Sirius International Insurance Corporation, and removed the rating from under review where it was...
Bay Area Man Arrested on East Coast in $4 Million Insurance Fraud Scam
Apr 23 2004 // Richard W. Peterson, 63, of San Francisco, a former insurance broker/agent, was arrested April 19th at Miami International Airport on federal fraud charges for allegedly selling approximately $4 million of fake insurance...
Sen. Lautenberg to Hold NYC Briefing on Doing Business with States that Sponsor Terrorism
Apr 22 2004 // U.S. Senator Frank R. Lautenberg and New York City Comptroller William C. Thompson Jr. will host a press conference today, April 22, at 1:30 PM, to announce an amendment to the upcoming FSC-ETI bill to close a loophole...
Citizens Chooses Cunningham Lindsey U.S. as Preferred Claims Adjuster
Apr 22 2004 // Cunningham Lindsey U.S. Inc. (CLUS), based in Dallas, was named as one of six companies approved to provide claims administration services for Citizens Property Insurance Corporation (Citizens). CLUS said Citizens...
AXIS U.S. Expands Professional Liability Coverage; Builders’ Risk Capabilities
Apr 21 2004 // AXIS U.S. Insurance announced from its headquarters in Alpharetta, Ga., that it has expanded both its professional lines capabilities and its Builders Risk Product Offerings. For greater coverage of professional liability...
Willis Reports on Insurance Marketplace Conditions
Apr 20 2004 // Willis Group has also issued a report on market conditions in the industry (see related articles). The international broker said it had reached the following conclusions: — Competitive conditions return to certain...
XL Launches U.S. Primary Casualty Risk Management Program, Excess Workers Comp Division
Apr 20 2004 // Bermuda’s XL Capital Ltd. announced that it plans to enter the market for primary casualty risk management programs for major U.S. corporations. The company also announced the launch of an Excess Workers Compensation...
Aon Reports US Commercial Property Rates Drop 10%
Apr 20 2004 // A study by Aon, released to coincide with the RIMS conference in San Diego, has determined that an average reduction of around 10 percent has occurred in U.S. Commercial property rates. Willis and the CIAB also issued...
The Costly Reality: 10 Myths of Uninsured Americans
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...
NORTH CAROLINA SENATE CANDIDATE SIGNS PLEDGE BACKING MEDICAL LIABILITY REFORM:
Apr 19 2004 // The North Carolina Chapter of Doctors for Medical Liability Reform announced that Congressman Richard Burr, currently running for U.S. Senate, has signed their pledge supporting federal legislation that would limit...
Slave Trade Suit Targets Lloyd’s, U.S. Companies
Apr 19 2004 // Ten present-day descendants of slaves who were transported from Africa in the 18th and 19th centuries have filed a lawsuit against R.J. Reynolds Tobacco Co., Fleet Boston Financial Corp. (as successor in interest to the...
Reports Find Wide Range of Auto Rates Across U.S.
Apr 19 2004 // Two recently released studies on trends in automobile insurance rates show a wide variation in the costs for coverage across the nation. At first glance, they also seem to show a big discrepancy in their findings. It turns...
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...
