Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
People and Places
Apr 5 2004 // Dan Pettigrew Caliber Collision Centers, which operates collision repair facilities in California and Texas, named Dan Pettigrew as executive vice president of Operations. In this position, Pettigrew assumes responsibility...
Zurich Announces Realignment Plans
Apr 2 2004 // Zurich Financial Services Group will hold a meeting later today to provide investors and analysts with further details on its strategic initiatives designed to increase growth and profitability. The bulletin said the...
SCOR Narrows Loss to $384 Million
Apr 1 2004 // France’s SCOR Group posted a net loss of 314 million euros ($384 million) for 2003, a distinct improvement over the 455 million euros ($556 million) loss the group reported in 2002. In addition the company reported...
S&P Revises Sompo U.S. Outlook to Stable
Mar 31 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Sompo Japan Insurance Co. of America (SJA; A+/Stable/–) to stable from negative. S&P said the “outlook revision...
Lord Levene Addresses Italian Insurance Leaders
Mar 31 2004 // In a speech to Italian insurance leaders in Milan yesterday, Lloyd’s Chairman Lord Peter Levene addressed industry problems, and sounded a distinctively positive note on Lloyd’s prospects. “Last year, the...
Slave Trade Suit Targets Lloyd’s, U.S. Companies
Mar 30 2004 // Ten present day descendants of slaves, 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...
Hannover Re 2003 Net up 32.8% to $431 Million
Mar 30 2004 // Germany’s Hannover Re Group joined Swiss Re and General Re in reporting a very successful 2003. The world’s fourth largest reinsurer posted net income of 354.8 million euros ($43I million) compared to 267.2...
ACE USA Names McGeehan Prof. Risk Sr. VP-Marketing
Mar 30 2004 // ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, announced the appointment of Vince McGeehan as Senior Vice President-Marketing for ACE USA Professional Risk. The division provides...
Miss. Workshop Addresses Problem of Juvenile Firesetting; Reportedly $190 Million in U.S. Property Destroyed Annually
Mar 30 2004 // Mississippi Chief Deputy Fire Marshal Millard Mackey and members of his staff recently participated in a two-day workshop designed to address the problem of juvenile fire setting, one of the reportedly fastest-growing...
N.C. Senate Candidate Signs Pledge Backing Medical Liability Reform
Mar 29 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...
Survey: Health Reform Key Election Issue
Mar 29 2004 // Rising health care costs and growing instability in insurance coverage have made health reform a key issue in this election year, a Commonwealth Fund survey released today shows. Nearly six in 10 Americans (57%) say...
MetLife Receives Approval for China Joint Venture
Mar 26 2004 // Chinese regulators have approved plans for a joint venture between U.S. life insurer MetLife Inc. and the owner of the Beijing International Airport, MetLife said Thursday. The U.S. company has a 50 percent stake in the...
St. Paul Enhances Commercial Property-General Liability Product for Companies with Foreign Operations
Mar 25 2004 // The St. Paul Companies announced the introduction of an enhanced version of “Global Companion,” which it described as “an international commercial property and general liability product designed to help...
Texas Farmer Convicted in Crop Insurance Scheme
Mar 23 2004 // United States Attorney Jane J. Boyle announced that in early March 2003 a federal jury in Wichita Falls, Texas, convicted Wendell Lynn Mints, on all counts of all 25 counts of an indictment that charged him with one count...
Terrorism and TRIA – What’s in Store for the Future’
Mar 22 2004 // Two years later, fate of the historic act remains unknown If a camel is a “horse made by a committee” then the Terrorism Risk Insurance Act (TRIA), passed by Congress in November 2002, is a law made by several...
PCI Applauds NAIC’s Rejection on “Alien Reinsurers” Funds
Mar 22 2004 // The Property Casualty Insurers Association of America issued a bulletin applauding the decision by the Reinsurance Task Force of the National Association of Insurance Commissioners to table consideration of an approved...
Lawyers and Reforming the U.S. Legal System
Mar 22 2004 // The first thing we do, let’s kill all the lawyers.” Shakespeare’s 400-year old barb aimed at the legal profession (Henry VI, part 2) is an early, if somewhat drastic, call for tort reform. It certainly...
People and Places
Mar 22 2004 // Mark Benson ACE USA, the U.S.-based retail operations of the ACE Group of Cos., appointed Mark Benson to senior vice president, workers’ compensation for ACE Casualty Risk. Benson will serve as the senior...
CIAB Urges W. Va. Governor to Ink Legislation Repealing Counter-Signature Statute
Mar 18 2004 // The Council of Insurance Agents & Brokers (CIAB) on Thursday sent a letter to West Virginia Gov. Bob Wise urging him to sign legislation approved by the West Virginia House and Senate repealing that state’s...
Best Downgrades Winterthur’s U.S. Subs to ‘A-‘
Mar 17 2004 // A.M. Best Co. announced that it has downgraded the financial strength ratings to “A-” (Excellent) from “A” (Excellent) of the U.S. based property/casualty insurance subsidiaries of Winterthur Swiss...
