Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
The Ocean Marine Market: A Unique Animal
Feb 25 2002 // Like life itself, insurance began in the ocean, eventually spawning the various land-based descendants we’ve come to know. While those terrestrial variants-auto, homeowners, commercial liability, among others-now...
Decision Nears for Credit Lyonnais in ExecutiveLife Case
Feb 25 2002 // To prosecute, or not to prosecute. The U.S. Department of Justice continues to face that dilemma in its ongoing investigation of French bank Credit Lyonnais’ (CL) role in the takeover of Calif.-based Executive Life...
Active Hurricane Season Expected for 2002
Feb 25 2002 // What is a Hurricane? A hurricane is a type of tropical cyclone—a generic term for a low pressure system that generally forms in the tropics. The cyclone is accompanied by thunderstorms and, in the Northern Hemisphere, a...
The View from Up There-Insurers Embrace Space Age Technologies
Feb 25 2002 // In the summer of 2001, a U.S. District judge in Arkansas ruled against several farmers accused of filing false crop insurance claims totaling approximately $244,000. Key evidence in the lawsuit—filed on behalf of the...
U.S. Airlines Seek Liability Cover
Feb 25 2002 // U.S. airlines have gathered together to form their own insurance company in efforts to cover their extensive liability, according to Reuters. The U.S. government arranged to take on the responsibility of insuring the...
The Ocean Marine Market: A Unique Animal
Feb 25 2002 // Like life itself, insurance began in the ocean, eventually spawning like the varius land-based descendents we’ve come to know. While those terrestrial variants-auto, homeowners, commercial liability, among others-now...
The St. Paul Cos. Names Kae Lovaas Senior VP
Feb 21 2002 // The St. Paul Companies announced that Kae Lovaas, 46, has been named senior vice president in charge of operations for the company’s U.S. Insurance Operations. Lovaas will report to Marita Zuraitis, executive vice...
NYMAGIC Reports Q4 Revenue Gains, Mixed Full Year Results
Feb 20 2002 // NYMAGIC, Inc., an insurance holding company specializing in ocean and inland marine and aircraft coverage, announced that “total revenues for the fourth quarter ended December 31, 2001 increased 21% to $39.5 million...
S&P Completes Zurich Review, Lowers Ratings
Feb 18 2002 // Standard & Poor’s announced that it has completed its review of Swiss-based Zurich Financial Services, undertaken after the Sept. 11 attacks, and has lowered its counterparty credit and insurer financial...
Midland, Bell and Clements to Offer Surplus
Feb 18 2002 // The Midland Company, a provider of specialty insurance products headquartered in Cincinnati, Ohio, has forged a deal with the U.S. subsidiary of London-based insurance brokerage firm, Bell & Clements Limited, to...
U.S. Airlines Seek Liability Coverage
Feb 13 2002 // U.S. airlines have gathered together to form their own insurance company in efforts to cover their extensive liability, according to Reuters. The U.S. government arranged to take on the responsibility of insuring the...
Before & NAFTA: Open Borders, Long Term Effects on Long-Haul Trucking
Feb 11 2002 // Now that Congress and the Bush administration have struck a deal to pave the way for NAFTA trucking provisions—which the U.S. had been found to be violating for most of last year—the task of actually implementing these...
Before & NAFTA: Open Borders, Long Term Effects on Long-Haul Trucking
Feb 11 2002 // Now that Congress and the Bush administration have struck a deal to pave the way for NAFTA trucking provisions—which the U.S. had been found to be violating for most of last year—the task of actually implementing these...
Perceptions of Mexico
Feb 11 2002 // Oh, down in Mexico. I never really been so I don’t really know…. Actually I have been to Mexico, and loved it. But that line from the James Taylor song, “Mexico,” has been swirling around in my...
Holocaust Insurance Claims Panel Faces Recriminations over Delays
Feb 11 2002 // Many European countries observed Sunday, Jan. 27 as Holocaust Memorial Day, a time set aside to honor the memory of the 12 million human beings—over six million of them Jewish—who perished at the hands of the Nazis...
Converium to Underwrite Midwest Crop Coverage
Jan 31 2002 // Switzerland’s Converium Holding Ltd. announced that its U.S. subsidiary Converium Insurance (North America) Inc. (formerly ZC Insurance Company) has reached an agreement with Crop 1 Insurance of Des Moines, Iowa to...
XL Winterthur International Launched
Jan 30 2002 // XL Winterthur International Launched XL Winterthur International (XLWI), the account risk management business of XL Capital Ltd. (XL) announced the establishment of a new Excess Casualty unit based in New York. The new...
Enron’s Crash Radiates in All Directions, Implications for Insurers
Jan 28 2002 // “Bankruptcy” and “Chapter 11” are inadequate terms to describe the carnage left in the wake of Enron’s collapse, which affected the lives of thousands of people, numerous banks and dozens of...
Weather Derivatives Offer New Solutions to anOld Problem
Jan 28 2002 // The market in weather derivatives has really developed over the last five years,” said Diego Wauters, executive director and global head of SG Insurance and Weather Derivatives, a specialized division of French Bank...
Workers’ Compensation A Thorn in Side of U.S. Companies
Jan 24 2002 // Workers’ compensation, one of the insurance lines most acutely affected by the terrorism of 2001 and by the continued absence of government backstop insurance for terrorism events, is fast becoming a high-priced...
