Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
French Government Obtains One Month Delay in ELIC Case
Oct 27 2003 // If anyone still harbored any doubts that the U.S. Attorney’s case against Credit Lyonnais (CL) and others involved in the takeover of Executive Life Insurance Corp. (ELIC) is highly politicized, they were dispelled...
Lord Levene Stresses Insurers’ Economic Role in Speech to NY RIMS
Oct 27 2003 // Speaking to the New York Risk Insurance Management Society on Friday, Lloyd’s Chairman, Lord Peter Levene, stressed the role insurance plays in business, calling it “the oil in the engine of the economy,...
Gomez Joins ePolicy Solutions as VP, Enterprise Program Office
Oct 24 2003 // ePolicy Solutions announced that Susan Gomez has joined the company as vice president, enterprise program office. Gomez’ immediate task is to enhance the enterprise program office for the rapidly growing company,...
Moody’s Affirms R&SA Group Ratings; Lowers U.S. Subs to ‘Ba3’
Oct 24 2003 // Moody’s Investors Services announced that it has confirmed the insurance financial strength rating at Baa2 of the Royal & Sun Alliance Group and its European operations, but has downgraded the ratings of Royal...
A.M. Best Affirms American Re-Insurance Co.’s FSR of ‘A+’ with a Stable Outlook
Oct 21 2003 // A.M. Best Company has affirmed the A+ (Superior) rating of American Re-Insurance Company and its affiliates, American Alternative Insurance Corporation (AAIC) and Princeton Excess & Surplus Lines Insurance Company....
Insurance Journal 80th Anniversary
Oct 20 2003 // One-on-One with Mark Wells, Publisher of the Insurance Journal By Charles E. Boyle Despite his still somewhat boyish appearance, Mark Wells has been the publisher of the Insurance Journal for 33 years, a long time in any...
AIG Subs Affirmed, Outlook Neg
Oct 20 2003 // Moody’s Investors Service confirmed the “Aaa” insurance financial strength (IFS) ratings of the eight rated members of AIG’s U.S. commercial insurance group (Domestic Brokerage Group, or DBG)....
Insurance Journal 80th Anniversary
Oct 20 2003 // One-on-One with Mark Wells, Publisher of the Insurance Journal By Charles E. Boyle Despite his still somewhat boyish appearance, Mark Wells has been the publisher of the Insurance Journal for 33 years, a long time in any...
Kane Joins XL’s U.S. Operations
Oct 16 2003 // XL America, Inc., a subsidiary of XL Capital Ltd., announced the appointment of Dennis Kane as executive vice president in XL’s commercial large account insurance business known as XL Insurance Global Risk. Kane will...
Calif. Congressman Makes Statement on Credit Lyonnais Settlement Deadline
Oct 16 2003 // Congressman Doug Ose (R-Sacramento) made the following statement on the deadline day for the proposed settlement between the U.S. Department of Justice and Credit Lyonnais. “The time for discussion and negotiation...
Aspen Announces U.S. IPO
Oct 14 2003 // Bermuda-based Aspen Insurance Holdings Limited announced that it intends to file a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering of its ordinary shares. The...
FERMA Conference Highlights Risk Management Concerns
Oct 10 2003 // The second bi-annual conference of the Federation of European Risk Management Associations, which wrapped up proceedings on Wednesday in Rome, featured presenters and workshops that highlighted both the similarities and...
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...
