Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Best Assigns ‘A-‘ Rating to Quanta U.S. Operations
Jan 29 2004 // A.M. Best Co. announced that it has assigned initial financial strength ratings of “A-” (Excellent) to Quanta Specialty Lines Insurance Company of Indianapolis, Ind. and Quanta Indemnity Company of Denver,...
Mass. Man Pleads Guilty to Insurance Fraud
Jan 29 2004 // The U.S. Attorney’s Office in Boston announced that “Anthony Snow, age 43, of 1810 Dorchester Avenue, Dorchester, Massachusetts, pleaded guilty before U.S. District Judge Patti B. Saris to an Information...
U.S.I. Names Philip E. Larson VP-Operations
Jan 28 2004 // New York-based U.S.I. Holdings Corporation, a leading distributor of insurance and financial products and services, announced that Philip E. Larson III has been appointed to the position of Vice President of Operations. He...
AIA Praises Costa Rican Trade Pact
Jan 27 2004 // The American Insurance Association applauded the adoption of a new free trade agreement with Costa Rica that will phase out one of the world’s last government monopolies and help insurance companies in the U.S. and...
D&O Liability Premiums Jump 33 Percent; Tillinghast Study Reports Hard Market is Stabilizing Despite Record Premiums
Jan 27 2004 // Directors and officers (D&O) liability insurance premiums grew approximately 33 percent on average from 2002 to 2003, according to the Tillinghast business of Towers Perrin’s 2003 Directors & Officers...
The Strange Saga of Near North National Group’s Michael Segal
Jan 26 2004 // Powerful Friends, Enemy Insiders and Embezzlement Charges We are destroyed as of today,” Michael Segal, owner of Chicago-based Near North National Group, told me several weeks ago in his 20th-floor office in the John...
Largest U.S. City and Home to Thousands of Fallen Heroes
Jan 26 2004 // The United States Census Bureau’s Census 2000 estimated the population of the State of New York at 18,976,457. Approximately 79 percent of the adult residents had graduated from high school and about 27 percent had...
Natural Disasters More Severe and More Costly
Jan 26 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...
West Virginia Operating With Tort Reform Concerns
Jan 26 2004 // Like many other parts of the country, West Virginia is looking to answers to improve tort reform in the state. Recently, Insurance Journal Southeast spoke with Randy Cox, American Insurance Association West Virginia...
Allianz Global Risks US Insurance Co. Unveils Power Generation Unit
Jan 26 2004 // Allianz Global Risks US Insurance Company has launched a new business unit to provide property insurance to the U.S. power generation industry, including utilities and wholesale suppliers. The company is targeting large,...
Best Assigns ‘bbb’ Issuer Credit Rating to Assurant
Jan 26 2004 // A.M. Best Co. announced that it has assigned an issuer credit rating of “bbb” to Assurant, Inc. (currently Fortis, Inc.), the U.S. holding company of the Benelux-based Fortis Group. Fortis plans to sell 55...
The Strange Saga of Near North National Group’s Michael Segal
Jan 26 2004 // Powerful Friends, Enemy Insiders and Embezzlement Charges We are destroyed as of today,” Michael Segal, owner of Chicago-based Near North National Group, told me several weeks ago in his 20th-floor office in the John...
Study Shows Deadly Gaps in State Road Safety Laws
Jan 26 2004 // Advocates for Highway and Auto Safety (Advocates) released its first “Roadmap to State Highway Safety Laws: A Report on States in the Passing Lane, in the Slow Lane and Stopped on the Shoulder” that found many...
Natural Disasters More Severe and More Costly
Jan 26 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...
United National Settles B of A Suit; Confirms David Bradley’s Appointment as CEO
Jan 23 2004 // United National Group, Ltd., a specialty insurer, headquartered in the Cayman Islands, announced that its subsidiary, Diamond State Insurance Company, has entered into a settlement with Bank of America and Platinum...
Fla. Nursing Home Fix Should Include Litigation Reform
Jan 22 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. “The passage in 2001 of S.B. 1202 provided only...
S&P Affirms ING Group’s Ratings; Insurance Outlook Negative
Jan 22 2004 // Standard & Poor’s Ratings Services announced that, following a review, it has affirmed its ratings on Holland’s ING GROEP N.V. and related entities, “including its ‘A+/A-1’ counterparty...
Aspen Announces New U.S. Property Reinsurance Team
Jan 16 2004 // Bermuda-based Aspen Insurance Holdings Limited announced that, subject to regulatory filings, it will expand its U.S. property reinsurance underwriting as of January 26, 2004 through the formation of a new property...
Federal Court Halts Enforcement of Texas HB 1131
Jan 15 2004 // Allstate Insurance Company announced that the United States Federal District Court for the Northern District of Texas has granted Allstate and Sterling Autobody Centers’ request for a preliminary injunction against...
Lord Levene Stresses Lloyd’s Special Relationship with U.S.; 2004 Priorities
Jan 15 2004 // Speaking at a joint meeting of the Downtown Association and the Insurance Brokers Association of New York (IBANY)* yesterday, Lloyd’s Chairman, Lord Peter Levene, reminded his audience of the longstanding special...
