Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Kingsway Consolidates Reporting Structure; James Zuhlke Resigns Post
Jan 14 2004 // Canada’s Kingsway Financial announced the consolidation of the reporting structures of both its U.S. and Canadian operations through the Toronto based holding company. Effective immediately the presidents of all U.S....
Endurance Names New U.S. President; Forms Service Company
Jan 13 2004 // Endurance Specialty Holdings Ltd., a Bermuda-based provider of property and casualty insurance and reinsurance, announced that William Jewett, presently the COO of its U.S. subsidiary, Endurance Reinsurance Corporation of...
Moody’s Issues Report on Bermuda
Jan 13 2004 // Moody’s Investors Service has issued its annual report on Bermuda, discussing the island’s Aa1 foreign currency country ceilings, Aaa domestic currency rating, and stable outlook, which the rating agency...
Maresh Appointed to Argonaut Group’s Board of Directors
Jan 13 2004 // San Antonio-based Argonaut Group Inc. announced that its Board of Directors appointed Frank Maresh as a member of Argonaut Group’s Board effective Dec. 31, 2003. “As the former vice chairman of KPMG in the...
The Strange Saga of Near North’s Michael Segal
Jan 12 2004 // 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 Hancock Tower. The group’s subsidiary, Near North...
Slow Ill. Job Market May Mean Less P/C Growth
Jan 12 2004 // The 2000 census estimated Illinois’ population at 12.4 million. More than 81 percent of the adult residents had graduated from high school and over 26 percent had earned a bachelor’s degree. Chicago’s 2.9...
The Right Man for the Right Job
Jan 12 2004 // An Exclusive Interview with Gregory Serio Gregory V. Serio, the superintendent of the New York State Insurance Department, is a busy man—moving between Albany, Manhattan, Washington D.C. and elsewhere about the country....
Schwarzenegger Governs One-Eighth of the U.S. Population
Jan 12 2004 // The U.S. Census Bureau’s Census 2000 estimated the population of the California at 33,871,648. Approximately 76 percent of the adult residents had graduated from high school and about 16 percent had earned a college...
Parmalat Scandal Widens; U.S. Insurers May Hold $1.6 Billion in Bonds
Jan 5 2004 // According to the latest accounts, Parmalat, the Italian dairy and food processing company, may have a shortfall in its accounts in excess of 8 billion euros ($10.1 billion), putting it on a par with Enron, as one of the...
Terrorist Threats Disrupt Holiday Flights
Jan 2 2004 // The elevated terrorist threat levels decreed by the Homeland Security Department and the U.S. Transportation Security Administration, coupled with repeated warnings from the FBI, combined to disrupt trans-Atlantic air...
Aid Workers Arrive in Bam as Quake Death Toll Rises; WHO Calls for More Help
Dec 31 2003 // Aid workers from more than 40 countries, including a team of 80 from the U.S., are trying to cope with the devastation wrought by the earthquake that hit the eastern Iranian city of Bam last Friday morning. Reports now...
Munich Re 2003 Catastrophe Study – Fatalities up 450 Percent; $15 Billion Insured Losses
Dec 30 2003 // Munich Re has released its analysis of natural catastrophes in 2003 and concluded that economic and insured losses continue to increase at a high level. Preliminary portions of the study had been presented at the recent...
U.S.I. Holdings Acquires Houston Company
Dec 30 2003 // U.S.I. Holdings Corporation announced the acquisition of substantially all the operating assets of Houston-based The Benefits Team (TBT). TBT has been providing employee benefits to middle market clients since 1996. USI...
Italy’s Parmalat Collapse Felt in U.S. – $1.6 Billion Says Moody’s
Dec 24 2003 // The fallout from the collapse of Parmalat, the Italian dairy and food-processing group, is spreading ever wider. With commentators and analysts now calling it “Europe’s Enron,” it will undoubtedly affect...
P/C Industry’s Net Income Surges, But Slowing Premium Growth May Hamper Further Progress, Report Says
Dec 23 2003 // According to a report released by the Insurance Services Office Inc. (ISO) and the National Association of Independent Insurers, the U.S. property/casualty industry’s net income after taxes increased to $21.1 billion...
AIA Praises Central American Free Trade Agreement
Dec 19 2003 // The American Insurance Association noted that a new free trade agreement with Central American nations, which is expected to be presented to Congress early next year, “will encourage economic growth and help U.S....
AIA Says 2002 Rise in U.S. Tort Costs Reinforces Need for Civil Justice Reform
Dec 18 2003 // The recent release of Tillinghast – Towers Perrin’s study of 2002 U.S. tort costs finds total system costs totaling $233 billion, up 13.3 percent from 2001, further reinforcing the need for additional,...
Best Comments on Bermuda Insurance/Reinsurance Market
Dec 16 2003 // A.M. Best has issued a report commenting on the Bermuda insurance and reinsurance market. It notes that the 15 largest companies based on the island generated $28.6 billion in net premiums written and underwriting income...
New Hires Named at The McIntyre Group
Dec 16 2003 // New Jersey-based The McIntyre Group announced the hiring of two senior executives as the brokerage and consulting firm continues to expand the depth of its senior executive team. Thomas Kolongowski has been named marketing...
Top 10 2003 Newsmakers
Dec 15 2003 // While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s...
