Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Philip Lader to Join Council of Lloyd’s
Mar 10 2004 // Lloyd’s announced that Philip Lader, former U.S. Ambassador to the United Kingdom, is to join the Council at Lloyd’s, the ultimate governing body of the market. Lader served as U.S. Ambassador to the U.K. from...
Lloyd’s Honors Two U.S. Brokers
Mar 10 2004 // Lloyd’s announced that two U.S.-based brokers have been honored for their outstanding achievements in 2003. Gary Cooney of McGriff, Seibels & Williams was named US Surplus Lines Broker of the Year and John...
Wooley Leaves IIABA for Democratic Party
Mar 10 2004 // Derek Wooley, son of Louisiana Insurance Commissioner Robert Wooley, is leaving his job as governmental affairs representative with the Independent Insurance Agents and Brokers of America to become the new executive...
Aspen Adds 5 Underwriters to U.S. Re Team
Mar 9 2004 // Bermuda-based Aspen Insurance Holdings announced the addition of five property reinsurance specialists to Aspen Re America, its recently formed property reinsurance team located in Rocky Hill, Conn. Brian Boornazian, who...
Tort Reformers Look to Score in States after Washington Strikes Out
Mar 8 2004 // Last fall at a University of Virginia Law School forum on tort reform, some of the nation’s top tort experts agreed there were no easy answers on how to solve the nation’s longstanding love-hate relationship...
The Hard Market’s Over … Right’
Mar 8 2004 // Although I’ve been around the specialty industry for more years than I care to reveal and now have seen multiple hard and soft markets, I’m confused. Why such confusion? After reading tea leaves, consulting the...
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...
The Hard Market’s Over … Or Is It’
Mar 8 2004 // Although I’ve been around the specialty industry for more years than I care to reveal (this information is in poor taste, akin to discussing a woman’s age), and now have seen multiple hard and soft markets,...
Small Businesses are Big Business
Mar 8 2004 // According to the U.S. Census Bureau there were 5,652,544 firms actively doing business in the U.S. in 2001, the latest available totals. This doesn’t count the millions of people who are self-employed. 5,036,845 of...
The Hard Market’s Over … Or Is It’
Mar 8 2004 // Surplus lines company executives and wholesalers at NAPSLO responded uniformly with broad smiles when asked about their 2003 results. Although I’ve been around the specialty industry for more years than I care to...
Ward-U.S. Risk Acquires Ward North America Subs
Mar 8 2004 // Ward-U.S. Risk LLC, a newly formed corporation, acquired Ward North America, Spectrum Managed Care and SubroNet from Ward North America Holding Inc. Jeffrey Ward, president and CEO of Ward-U.S. Risk LLC, announced the...
MEDICAL LIABILITY REFORM GROUP PRAISING SENATE LEADERS FOR THEIR EFFORTS TO IMPROVE SYSTEM:
Mar 8 2004 // The Coalition for Affordable and Reliable Health Care (CARH), an organization of health care providers and others dedicated to medical liability reform, recently praised new efforts by U.S. Senate leaders to bring balance...
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...
