Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
France Refuses U.S. Extradition Request in Executive Life Case
Oct 9 2003 // France’s ministry of Justice has rejected a request from the U.S. Attorney’s Office in L.A. to extradite four French businessmen, who have been charged with participating in Credit Lyonnais’ (CL) takeover...
IIABA Reports Now is the Time For National Agent-Broker Licensing Reform
Oct 7 2003 // A U.S. district court’s decision that two Florida laws denying equal treatment to nonresident Florida-licensed agents are unconstitutional will result in an additional breakdown of artificial barriers to licensing...
Apprehensions over Regulation, Capital, Industry Image, Dominate CII Conference
Oct 6 2003 // The industry “needs leaders that will actually lead,” said outgoing president Andy Homer as he closed the 102nd Insurance and Financial Services Conference of the U.K.’s Chartered Insurance Institute...
INSURERS SUE TERROR SUPPORTERS FOR 9/11 LOSSES
Oct 6 2003 // Dozens of insurance companies, acting as members of five large insurance groups—Chubb, American Re, Zurich American, One Beacon and Crum & Forster—have filed a lawsuit in two cities against Al Qaida and other...
SUPREME COURT’S DECISION COULD IMPACT QUALITY OF NURSING HOME PATIENT CARE
Oct 6 2003 // A United States Supreme Court decision on whether a petitioner’s net worth could be a consideration in awarding punitive damages could reportedly have a serious impact on the nursing home profession at a time when...
Banks Named to Lead Aspen Re’s U.S. IPO
Oct 6 2003 // The planned U.S. initial public offering of London-based property/casualty reinsurer Aspen Re will be led by Credit Suisse First Boston (CSFB) and Goldman Sachs, according to a recent Reuters report. The IPO is expected to...
Special Coverage: NAPSLO Annual Convention
Oct 6 2003 // The NAPSLO Annual Convention took place Sept. 10-14 in San Diego at the San Diego Marriott Hotel & Marina. For more Insurance Journal interviews and special video coverage of the NAPSLO Convention, including an...
Regulation, Capital, Industry Image Dominate CII Conference
Oct 6 2003 // The industry “needs leaders that will actually lead,” said outgoing president Andy Homer as he closed the 102nd Insurance and Financial Services Conference of the U.K.’s Chartered Insurance Institute...
Special Coverage: NAPSLO Annual Convention
Oct 6 2003 // The NAPSLO Annual Convention took place Sept. 10-14 in San Diego at the San Diego Marriott Hotel & Marina. For more Insurance Journal interviews and special video coverage of the NAPSLO Convention, including an...
S&P Affirms Aviva Canada Subs ‘A’ Ratings
Oct 3 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its counterparty credit and financial strength ratings on the primary operating subsidiaries of Toronto, Ont.-based insurance holding company...
Kingsway Names Two Execs, Private Placement Raises $10 Million
Oct 3 2003 // William G. Star, President & CEO of Toronto based truck and non-standard auto insurer Kingsway Financial Services Inc., announced the appointments of John McGlynn as President and CEO of Kingsway General Insurance...
$14.5 Billion First Half Profit for P/C Industry
Sep 30 2003 // The U.S. property/casualty industry’s net income after taxes rose to $14.5 billion in first-half 2003 from $4.4 billion in first-half 2002, as both underwriting and investment results improved, according to Insurance...
U.S. Risk Purchases Stake in London Broker
Sep 30 2003 // Dallas-based U.S. Risk Insurance Group Inc. (U.S. Risk) announced it has entered into a financial transaction with London-based Insurance Broker, NCG Professional Risks Ltd. (NCG). The transaction involves U.S. Risk...
A.M. Best Downgrades Royal & SunAlliance USA
Sep 29 2003 // A.M. Best Co. has downgraded the financial strength ratings to B+ (Very Good) from A- (Excellent) of the Royal & SunAlliance USA Insurance Pool (North Carolina) and the Royal Surplus Lines Insurance Company...
Industry Adopting Enhanced RMS Risk Models for U.S. Catastrophe Risk
Sep 26 2003 // Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, announced that its new third generation earthquake and hurricane models for the United States are being adopted...
ACE Announces Top Executive Appointments for Global Units
Sep 26 2003 // ACE Limited President and COO Evan Greenberg announced that, effective January 1, 2004, Mark Herman has been appointed as President, ACE Global Professional Lines and Andrew Kendrick has been appointed as President and CEO...
Best Lowers Unum Japan Rating to ‘BB+’
Sep 26 2003 // A.M. Best Co. announced that it has downgraded the financial strength rating to B++ (Very Good) from A- (Excellent) of Unum Japan Accident Insurance Co. Ltd., removed the company from under review, and revised its outlook...
Fortis Plans IPO of U.S. Insurance Operations
Sep 25 2003 // Fortis, the international insurance and financial services group based in Belgium, announced its intention to proceed with an initial public offering of shares in its US insurance operations, including Fortis, Inc., which...
S&P Rates Kingsway Debt ‘BB+’- Affirms Group’s ‘BBB’ Rating
Sep 25 2003 // Standard & Poor’s Ratings Services announced that it has assigned its ‘BB+’ global scale preferred share rating to Kingsway Financial Services’ (KFS) “guarantee of Kingsway Financial...
Insurance Company Donations to Calif. Gov. Illegal, Consumer Group Says
Sep 25 2003 // A consumer group is urging the United States Attorney for the Eastern District of California to investigate a series of contributions totaling $175,000 from an insurance company, Mercury General Corporation, to Governor...
