Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
SCOR Hit By Late Claims, Estimates $223 Million Loss for 2001
Jan 16 2002 // France’s SCOR announced that a late surge in claims that emerged at the end of the year has led to a downward revision of its earnings estimate for 2001. The company stated that, “In view of the combined impact...
P/C Trends Gain Momentum after U.S. Attacks
Jan 16 2002 // According to A.M. Best Co., the unprecedented events of Sept. 11 have forever changed the way the insurance industry defines risk as both property and liability lines have been exposed to catastrophic risks that cannot be...
Insurers Urge DOT to Add the ‘Nuts and Bolts’ to Operational Plan
Jan 16 2002 // The National Association of Independent Insurers (NAII) has reiterated its support for the U.S. General Accounting Office’s (GAO) call for the Department of Transportation (DOT) to develop a detailed, operational...
2002 RMS Client Conference to Focus on Technical Knowledge, Practical Insights for Use of CAT Models
Jan 16 2002 // Risk Management Solutions (RMS) announced that its annual Client Conference will be held March 11-14, in San Francisco, at the Westin St. Francis Hotel. The conference’s focus, shaped by direct feedback from RMS...
U.S.I. Holdings Announces Development of Environmental Risk Mitigation Group
Jan 14 2002 // San Francisco-based U.S.I. Holdings Corporation announced the launch of the USI Environmental Risk Mitigation Group. This national resource was developed with the objective of assisting USI clients with innovative...
Insurance Commissioner Candidate Umberg Answers Patriotic Call to Duty
Jan 14 2002 // As important as being named the next Insurance Commissioner of California is to Tom Umberg, the obligation he felt to serve his country in the wake of Sept. 11 was greater. Umberg, a Colonel in the U.S. Army Reserves,...
Gaspar Heads ACORD Board; Norman is Chair Elect
Jan 10 2002 // The Board of Directors of ACORD has confirmed Carl L. Gaspar, as the Chair and Marilyn Norman as Chair Elect for 2002. “This is a huge honor and culminates a career-long interest in agency automation and involvement...
ACE USA Business Aviation to Join with U.S. Aircraft Insurance Group
Jan 4 2002 // ACE USA announced that it has become a member company of the USAIG aviation pool. Under the agreement, future ACE USA Business Aviation accounts for corporate aviation, non-critical products, pleasure and business aircraft...
The Night Before Christmas – 2001 Version
Dec 25 2001 // ‘Twas the night before Christmas and all over Europe a scrambling of F-16’s could be heard, as an unidentified flying object hurtled at astounding speeds through the night skies. First spotted over Russia and...
Welcome to the 3rd Annual “Top Ten Stories of the Year”
Dec 24 2001 // In what became one of the most significant, traumatic and challenging years in U.S. history, the insurance industry, along with the rest of the nation, has had to come to terms with the terrorist attacks perpetrated...
The World’s New Respect for the U.S.
Dec 24 2001 // Remarkably few events are timed precisely enough to shift the focus of an entire nation. In the last century only three come immediately to mind—August 1914, October 1929 and December 1941. While change is the only true...
The World’s New Respect for the U.S.
Dec 17 2001 // Remarkably few events are timed precisely enough to shift the focus of an entire nation. In the last century only three come immediately to mind—August 1914, October 1929 and December 1941. While change is the only true...
NAFTA: Proceed, but with Caution
Dec 17 2001 // The problems swirling around the twin issues of safety and insurance with regards to allowing commercial trucks from Mexico free access to U.S. highways are as thorny as a prickly pear cactus. The U.S. House of...
Top 10 Stories of 2001
Dec 17 2001 // Recollections and Renewal: Looking Back at 2001 with an Eye to the Future This is the year that was. It is one that many people will be glad to see come to an end because the new year always brings hope—for a rebirth,...
Texas Defendants Must Pay $26 Million for Defrauding State Farm
Dec 17 2001 // In Houston, U.S. District Judge Melinda Harmon ordered four defendants accused of defrauding State Farm Insurance by making false claims in hundreds of staged auto accidents to pay damages to the tune of $26...
Firstar Changes Name to U.S. Bancorp
Dec 14 2001 // Minnesota-based Firstar Investment Services and Firstar Insurance Services are now U.S. Bancorp Investments and U.S. Bancorp Insurance Services. These are the first business lines to make the name change from Firstar to...
AIA Commends House in Passing Trade Promotion Authority Legislation
Dec 10 2001 // The American Insurance Association (AIA) commended the U.S. House of Representatives for passing legislation to grant Trade Promotion Authority (TPA) to the President. “This legislation is important to insurance...
Cost of Risk Declines for Second Consecutive Year
Dec 10 2001 // For the second consecutive year, the overall cost of risk declined to the lowest point in over a decade, according to the newly released 2001 RIMS Benchmark Survey®. The 200-page survey, co-produced by the Risk and...
U.S. Chamber of Commerce Highlights Need for More Affordable, Reliable Options
Dec 10 2001 // The United States Chamber of Commerce has highlighted the need for more affordable and reliable insurance options to help businesses cope with increased risks, releasing a survey showing business owners are concerned that...
From Promotions to Sport Pros, Special Events Insurance Covers it All
Dec 10 2001 // During the playoffs between the Seattle Mariners and the New York Yankees preceding the 2001 World Series, the National-Hole-in-One Association provided insurance coverage for a promotion sponsored by a Seattle-based...
