Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Lloyd’s Chairman Calls for Action to Tackle Compensation Culture
Sep 16 2003 // Speaking at Town Hall Los Angeles recently, Lord Levene, chairman of Lloyd’s of London insurance market, said that the compensation culture and increasing barriers to free trade cause serious harm to industries that...
Aspen Expands Into U.S. E&S Business; Acquires Dakota Specialty Insurance Co.
Sep 10 2003 // Aspen Insurance Holdings Limited, a provider of global reinsurance and specialty insurance, is expanding into the U.S. excess and surplus lines business through the acquisition of Dakota Specialty Insurance Company from...
Insurers Sue Terror Supporters for 9/11 Losses
Sep 10 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
Sep 8 2003 // A United States Supreme Court decision on whether a petitioner’s net worth could be a consideration in awarding punitive damages could have a serious impact on the nursing home profession at a time when there is...
WHO to Promote Road Safety
Sep 8 2003 // The World Health Organization (WHO) has designated “Road Safety” as the theme of next year’s World Health Day (WHD), to be observed April 7, 2004. The resolution, adopted by the General Assembly can be...
Survey Says Two-Thirds of U.S. Renters Live Without Insurance
Sep 8 2003 // A new independent consumer survey conducted for the Independent Insurance Agents & Brokers of America (IIABA) has reportedly found that nearly two-thirds of those living in U.S. rental properties are currently risking...
Weiss Ratings: U.S. Insurers’ 9/11 Losses Reach $9.3 Billion
Sep 5 2003 // Weiss Ratings Inc. of Palm Beach Gardens, Fla., reported that U.S. property and casualty insurers’ net claims arising from the Sept. 11 terrorist attacks reached $9.3 billion by December 31, 2002, compared to $8.5...
R&SA Confirms 1st Half Profit Increase, Rights Issue; Sells Some U.S. Renewal Rights to Travelers
Sep 4 2003 // The U.K.’s Royal & Sun Alliance confirmed a 14.25 percent increase in net group profits for the first half of 2003 – £351 million ($556 million), compared to £301 million ($477 million) in 1st half 2002....
U.S. Attorney Lauds Pa. Commissioner for Help in Fraud Case – Receives $9.2 Million
Sep 2 2003 // Pennsylvania’s Insurance Commissioner, Diane Koken received praise from Patrick Meehan, United States Attorney for the Eastern District, for the help her Department gave federal prosecutors investigating Allen W....
Swiss Re Reports $490 Million 1st Half Net Earnings
Aug 29 2003 // Unlike its German rival (see following story) Swiss Re posted a significant first half-earnings increase to CHF 691 million ($490 million), compared to CHF 118 million ($83.6 million) in the same period of 2002. Total...
AIG Completes Acquisition of GE’s Japan Life and U.S. Auto Business
Aug 29 2003 // American International Group, Inc. announced that “the acquisition of the GE Edison Life Insurance Company in Japan and GE’s U.S.-based auto and home insurance business has been completed, effective...
Blackout to Have Small Impact on U.S. Insurers
Aug 21 2003 // Last week’s blackout that halted power throughout the Midwest, the northeastern U.S., and parts of Canada reportedly might only have a minimal impact on U.S. insurance companies, depending on the official cause of...
Recovery From Adverse Conditions on Minds of IIS Seminar Attendees
Aug 18 2003 // The International Insurance Society’s 39th Annual Seminar, held in July at New York’s Waldorf Astoria Hotel—differs from other big insurance gatherings. It brings together CEO’s, top managers, academics...
ING Group Reports $2.362 Billion First Half Operating Profit
Aug 14 2003 // The Netherlands ING Group, one of the world’s largest integrated financial services companies, reported operating net profit of U.S. $2,362 million/EUR 2,068 million for the first six months of 2003, a 6.4 percent...
Hub Posts Strong Q2 Growth
Aug 4 2003 // Chicago-based brokerage Hub International Ltd. reported strong growth in the second quarter and first half of 2003, leading the company to update its earnings guidance for the full year. All financials are reported in U.S....
(Reader’s Choice) The Top 10 Golf Resorts
Aug 4 2003 // Looking for a great course to woo your next client on the fairway? Insurance Journal readers voted for their favorite golf resort…. And the results are in! We gathered reader comments as to why they voted for their...
LPGA Continues To Swing 53 Years Later
Aug 4 2003 // Fifty-three years ago, 13 young American women started something that seemed so small back then. They built it up and nurtured it with their spiked shoes and flat putters and today, what seemed like a novel idea more than...
20 States Have Enacted Tort Reforms This Year
Aug 4 2003 // This year has been the busiest for enactment of state civil justice reform legislation since 1995, according to the American Tort Reform Association (ATRA). At mid-year, 20 states already have enacted laws; 19 laws were...
N.C. Auto Rates Drop to Ninth-Lowest in U.S.
Jul 31 2003 // The North Carolina Department of Insurance noted that a report released by the National Association of Insurance Commissioners (NAIC) indicates that North Carolina has the ninth lowest auto insurance rates in the nation,...
U.S.I. Holdings Corp. Reports Record Q2 Results
Jul 31 2003 // San Francisco-based U.S.I. Holdings Corporation reported record financial results for the second quarter ended June 30, 2003. Net income from continuing operations for the quarter increased $5.3 million to $7.6 million...
