Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Lloyd’s Awards U.S. Brokers; Accredits New Asian, Pair of London Brokers
Mar 24 2003 // Lloyd’s of London announced that Constance Curnow of Guy Carpenter and Gerald J. Sullivan of The Sullivan Group are the first brokers to win the Lloyd’s U.S. Broker Awards. The awards for U.S. Reinsurance...
Resurrection-First Steps to WTC Resurrection as Coverage Fight Continues
Mar 24 2003 // With the selection of the design submitted by Berlin-based architect Daniel Libeskind, rebuilding of the World Trade Center site has begun. Walking around the 16 acres of open space in the heart of New York one finally...
Clarifying ‘Election of Remedies’ in Workers’ Comp Claims
Mar 24 2003 // In a flurry of recent cases, Texas courts have tried to clarify various issues regarding election of remedies in the context of workers’ compensation insurance. These issues arise in various circumstances. Two...
Minority Report: Feds Chasing Near North on Subcontractors, Group Alleges
Mar 20 2003 // Federal investigators are pursuing charges that Chicago-based Near North Insurance Brokerage has regularly failed to pay and in some cases falsely listed minority- and women-owned subcontractors on municipal insurance...
Industry Faces Reality of War in Iraq
Mar 20 2003 // As war began last night with U.S. air attacks on selected targets in Baghdad, that apparently just missed Saddam Hussein, the insurance industry nervously prepared for the global fallout. Commercial insurers warned their...
Kronin Joins Georgia State’s RMI Department
Mar 14 2003 // The Department of Risk Management and Insurance (RMI) at Georgia State University’s Robinson College of Business announced the appointment of Kevin T. Cronin, J.D., as a Professor of Legal Studies. Recognized for his...
Lloyd’s Awards U.S. Brokers; Accredits New Asian, 2 London Brokers
Mar 13 2003 // Lloyd’s of London announced that Constance Curnow of Guy Carpenter and Gerald J. Sullivan of The Sullivan Group are the first brokers to win the Lloyd’s U.S. Broker Awards. The awards for U.S. Reinsurance...
AXCESS Insurance: Turning Risk Into Reward
Mar 13 2003 // We Take Risk Out of the Stock Market! AXCESS Insurance: Turning Risk Into Reward NEW YORK / March 13, 2003 — Determined to counter the economic downturn impacting other companies and to make a difference in the midst...
We Take Risk Out of the Stock Market!
Mar 13 2003 // Determined to counter the economic downturn impacting other companies and to make a difference in the midst of today’s economic slump, AXCESS Insurance and its CEO are expanding their work-force and providing...
Munich Re Issues 2002 Natural Catastrophe Study; L.A., S.F. are High Risk
Mar 11 2003 // Munich Re has issued a new survey report – “topics Natural Catastrophes 2002.” The study found that “storms and floods have an even greater impact on insurers’ claims burdens than in the year...
U.S.I. Holdings Announces Executive Promotions
Mar 10 2003 // San Francisco-based U.S.I. Holdings Corporation announced that Robert S. Schneider has been appointed executive vice president and CFO. Schneider is currently USI’s executive vice president of Finance and...
P/C RESERVES IN FOR TIGHTER SCRUTINY
Mar 10 2003 // The property/casualty industry’s reserves will be scrutinized more closely, Fitch Ratings has announced. Specifically, Fitch’s analyses will target reserves from U.S. casualty business written between 1997 and...
Lost at Sea: Hardening Marine Market Challenges Agents and Brokers
Mar 10 2003 // Marine insurance is, as Insurance Journal put it last year, “a unique animal.” The belly of the beast consists of cargo and yacht coverage, which account for 50 percent of U.S. written premium. But another...
TRIA – a Flood of Paper, a Trickle of Buyers
Mar 10 2003 // December is the most dreaded month for a surplus lines broker. In addition to all the 12/31 and 1/1 renewals, one must deal with underwriters and employees having the gall to go on vacation, holiday parties, holiday...
Hartford Agents Have Access to Online Global Business Data Resource
Mar 6 2003 // Agents seeking to help their business customers succeed in the global marketplace now can access a wide range of relevant tools and information right from their computer. Through its sponsorship of the International Trade...
Zurich N.A. Small Biz Launches Direct Bill Web Site
Mar 1 2003 // Zurich North America Small Business today announced a new Direct Bill website on zurichna.com. The new site gives agents and brokers direct online access to their customers’ billing information, including the status,...
Kingsway Comments on Best’s Rating Actions
Feb 28 2003 // Toronto-based Kingsway Financial Services Inc. issued a statement following the completion of a review of the financial strength ratings of it operating subsidiaries by A.M. Best Co., which affirmed current ratings on most...
AXA Reports 10% Gain in 2002 “Underlying Earnings”
Feb 27 2003 // France’s AXA Group posted a 10 percent increase in “underlying earnings” for the year 2002, helped by significant increases in premiums in its P/C business. The results, while generally good, also reflect...
S&P’s Report Examines U.S. Insurer Failures for 2002
Feb 25 2003 // Standard & Poor’s has published a report that examines failures among U.S. insurers in 2002. “Despite the hardening pricing environment in property/casualty and health insurance lines, the number of U.S....
Time to Jump on the Employee Benefits Bandwagon’
Feb 24 2003 // In some respects, the world of employee benefits seems to be on a roll. The Indepen-dent Insurance Agents & Brokers Association (IIABA) reports that about 26 percent of the U.S. agencies examined in its “2002...
