Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
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...
What is the Right Prescription for Florida’s Nursing Home Problems’
Feb 23 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, according to one insurance industry trade...
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 over 81 million single-family homes in...
U.S.I. Names Robert Nesbit Sr. VP – Human Resources
Feb 20 2004 // U.S.I. Holdings Corporation announced that Robert Nesbit has been appointed to the position of Senior Vice President & Chief Human Resources Officer. He will be based in USI’s corporate office in Briarcliff...
Everest Re Group Announces Dividend
Feb 20 2004 // Everest Re Group Ltd. announced that its Board of Directors declared a dividend of $0.10 per share payable on or before March 19, 2004 to all shareholders of record as of March 1, 2004. Everest Re Group Ltd. is a Bermuda...
Cunningham Lindsey approved by CNA for claims handling
Feb 20 2004 // Cunningham Lindsey US, Inc., a subsidiary of Lindsey Morden Group, Inc., has recently been accepted by CNA as an approved Independent Adjusting Company to assist them with their outside claims handling needs in the United...
Medical Liability Reform Group Praising Senate Leaders for Their Efforts to Improve System
Feb 18 2004 // The Coalition for Affordable and Reliable Health Care (CARH), an organization of health care providers and others dedicated to medical liability reform, this week praised new efforts by U.S. Senate leaders to bring balance...
Converium 2003 Net up 73% at $185 Million
Feb 17 2004 // Swiss-based reinsurer Converium boosted its net earnings by 73.3 percent last year to $185.1 million, compared to $106.8 million in 2002. Gross premiums written were up 19.5 percent to $4.2239 billion from $3.5358 billion...
SCOR 2003 Gross Premiums Drop 26%
Feb 13 2004 // French reinsurer SCOR Group announced a 26 percent drop in premium income for 2003 to 3.691 billion euros ($4.735 billion), compared to 5.016 billion ($6.435 billion) in 2002, following its decision to exit unprofitable...
Kingsway Posts 7% Increase in Net to $64.6 Million
Feb 13 2004 // Canada’s Kingsway Financial Services Inc., a leading provider in the U.S. of non-standard auto insurance, announced that its net income for the year increased by 7 percent to a record C$85.3 million (U.S. $64.6...
Guy Carpenter Unveils Model for Analyzing U.S. Publicly Traded D&O Liability Risks
Feb 12 2004 // In response to insurance companies’ reported need for more effective tools to manage their Directors & Officers Liability Insurance (D&O) portfolios for U.S. publicly traded companies, Guy Carpenter &...
AIG Reports Record 2003 Net Income of $9.27 Billion
Feb 12 2004 // American International Group, Inc. (AIG) reported that its net income for the full year 2003 increased 68.0 percent to a record $9.27 billion, compared to $5.52 billion in 2002. Net income excluding realized capital gains...
Broker Group Makes a Federal Case of Countersignature Laws
Feb 11 2004 // The Washington, D.C.-based Council of Insurance Agents and Brokers (CIAB) has filed suit in South Dakota, West Virginia and the U.S. Virgin Islands challenging statutes that preclude out-of-state insurance brokers from...
AIA Issues Mixed Comment on Australia Trade Pact
Feb 11 2004 // According to the American Insurance Association the new U.S.-Australia free trade agreement will help encourage investment and cement an effective trade partnership even though it falls short of completely eliminating...
Chubb Establishes New Marine Operation
Feb 10 2004 // Chubb announced that it has established Chubb Marine Underwriters within its commercial insurance operation to provide marine products and services to the global insurance market. The new unit, headquartered in New York...
U.S. Senate Majority Leader Optimistic as 2004 Unfolds
Feb 9 2004 // He came to Washington, D.C., with a background steeped in medicine. U.S. Senate Majority Leader and Tennessee Republican Bill Frist has known first-hand the impact of the nation’s medical malpractice crisis and how...
Chubb Reports Q4 Net Income of $72.3 Million
Feb 5 2004 // The Chubb Corporation reported that net income in the fourth quarter of 2003 was $72.3 million or $0.38 per share, compared to net income of $56.6 million or $0.33 per share in the fourth quarter of 2002. Operating income,...
“2004 Will Be the Real Test” Lord Levene Tells Insurers
Feb 4 2004 // Lloyd’s Chairman Lord Peter Levene does not mince words. So, while he reflected on 2003 as a relatively benign, and for Lloyd’s a very profitable, year, his audience at a meeting of the City Forum in London sat...
Crawford Notes Q4 2003 Financial Numbers
Feb 3 2004 // Atlanta-based Crawford & Company announced its financial results for the fourth quarter ended Dec. 31, 2003. Fourth quarter 2003 revenues before reimbursements totaled $175.1 million compared with $173.7 million in...
S&P Foresees Conflict between U.S. Insurers, Reinsurers
Feb 3 2004 // According to a new report from Standard & Poor’s Ratings Services, “reinsurance companies are trailing U.S. insurers in their recognition of inadequate reserves, and as their backing turns to bad debt,...
