Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Isidore Turns North, Threatens U.S. Gulf Coast
Sep 25 2002 // Hurricane Isidore, which has been downgraded to a tropical storm, is currently over the Gulf of Mexico, but its on track to hit the U.S. somewhere between Florida and Texas as early as tomorrow night. After causing...
Converium Makes Management Changes at U.S. Unit
Sep 24 2002 // Converium Reinsurance (North America) Inc., the New York-based unit of Swiss reinsurer Converium Group, announced several new appointments and changes to its organization. Paul Braithwaite, chief actuary and chief...
EU, China Plan to End Airline Insurance Next Month
Sep 24 2002 // The European Union plans to to end the emergency coverage it has granted to the community’s airline’s for terrorist liability by the end of October, while China’s government announced that it would extend...
A.M. Best Affirms Allianz ‘A++’ (Superior) Ratings, Puts U.S. Subs “Under Review”
Sep 23 2002 // A.M. Best Co. announced that while it has affirmed the financial strength rating of A++ (Superior) of Allianz Ag and its core entities, it has assigned them a “negative outlook,” and has placed Allianz’...
AIR Releases Climate Forecasts for Winter Season
Sep 23 2002 // AIR Worldwide Corporation (AIR), a provider in catastrophe modeling and weather risk management, has released its ClimateCast™ forecasts through March 2003, encompassing the heart of the winter season. The heating season...
RMS Unveils Game Theory-Based Terrorism Risk Model
Sep 19 2002 // Risk Management Solutions (RMS), has launched its U.S. Terrorism Risk model, a model designed to assist property, workers’ compensation, and life insurers and reinsurers in quantifying the risk from catastrophic...
AEGON Places 350 Million Shares for Sale at €10
Sep 18 2002 // The Netherlands insurer and financial services company AEGON N.V. and its largest shareholder Vereniging AEGON (the “Association”) announced the placement of 350 million existing AEGON common shares at an...
Campbell vs. State Farm: U.S. Supreme Court May Resolve Issue
Sep 16 2002 // Outrageous! A travesty of Justice! Should be reversed! Both sides have probably said that at one time or another as the case of Campbell vs. State Farm worked it’s way through Utah’s court system, culminating...
BRIEFLY NOTED: EQECAT; Skandia; Zurich/Generali; Endurance Specialty
Sep 13 2002 // EQECAT Releases Probabilistic Terrorism Insurance Model Oakland-based EQECAT, a leading risk management consulting firm, announced that it has released a “full probabilistic model for terrorism risk assessment for...
N.C. Sentences Pair for Alleged Embezzlement
Sep 10 2002 // In separate cases, courts in North Carolina convicted two women for alleged embezzlement and insurance fraud. According to the North Carolina Department of Insurance, Hillsborough resident Linda Kay Fleshman, formerly a...
Hub International Expands U.S. Brokerage Operations
Sep 6 2002 // Hub International Limited announced that Kaye Insurance Associates, Inc. (KIA), the largest retail brokerage unit of Hub’s New York subsidiary, Kaye Group Inc. (KGI), purchased the assets of C. S. Nenner, Inc.S, a...
S&P’s Report Says U.S. Health Market Physically Fit
Sep 6 2002 // The willingness of consumers to absorb escalating medical costs, combined with reduced competition, underlies the continued operating strength of health insurers in the coming quarters, Standard & Poor’s said in...
Benfield Blanch Moves U.S. Headquarters to Conn.
Sep 5 2002 // Benfield Group plc, a U.K.-based reinsurance intermediary, announced the relocation of its U.S. headquarters from Dallas to Westport, Conn. effective Sept. 9. Rod Fox, CEO of Benfield Blanch said, “Several factors...
Sept. 11 Revisited: The Future of the Industry
Sep 2 2002 // When the nation awoke on the morning of Tuesday, Sept. 11, little did it know that the events over the next few hours would change its lives forever. Not only were there thousands of lives lost and injured, but many more...
A Year Later, Industry Takes Stock of Itself
Sep 2 2002 // When the nation awoke on the morning of Tuesday, Sept. 11, little did it know that the events over the next few hours would change its lives forever. Not only were there thousands of lives lost and injured, but many more...
Robert James Promoted to EVP, U.S. Ins. Operations for CNA P&C
Aug 26 2002 // Robert V. James has been promoted to CNA insurance companies’ executive vice president of U.S. Insurance Operations for CNA Property & Casualty Operations. The announcement came from James R. Lewis who precedes...
Principal Financial to Sell Australian Operations to Westpac
Aug 26 2002 // Iowa-based Principal Financial Group announced that it has reached a definitive agreement for the sale of its BT Financial Group businesses to Australia’s Westpac Banking Corporation for an initial payment of A$900...
CNA Appoints Robert V. James Exec-VP for U.S. Operations
Aug 20 2002 // CNA announced that Robert V. James has been promoted to CNA insurance companies’ executive vice president of U.S. Insurance Operations for CNA Property & Casualty Operations, effective August 26, 2002. The...
Miami Hurricane Damage Could Cost $80B
Aug 19 2002 // A direct hit on downtown Miami by the most powerful type of hurricane could cause $80 billion in damage, far exceeding that of Hurricane Andrew, the costliest natural disaster in U.S. history, an insurance industry group...
Fitch Report Estimates Billions in Continued Asbestos Costs
Aug 19 2002 // Fitch Ratings released a special report, “Asbestos: Impact on the U.S. Insurance Industry,” describing how future claims will affect property and casualty insurers. The report includes estimates of...
