Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Weather Derivatives Offer New Solutions to an Old Problem
Dec 10 2001 // 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...
A Teutonic Call For ‘Unconditional Rethinking’ on Political Risk
Dec 10 2001 // The ramifications of the Sept. 11 terrorist attacks on the insurance industry are becoming more and more apparent. While the attacks are portrayed as the worst ever on U.S. soil, the repercussions continue to affect...
AIG, U.S. Chamber of Commerce Announce Initiatives
Dec 6 2001 // American International Group, Inc. (AIG) and the United States Chamber of Commerce announced a number of initiatives to provide Chamber members with comprehensive resources to obtain business insurance and employee...
ING To Restructure U.S. Operations
Dec 6 2001 // Holland’s ING Group, in a move to trim costs and to further integrate its Aetna and ReliaStar acquisitions, announced further restructuring of U.S. operations, including the projected loss of some 1600 jobs, 15...
Safety Concerns Resolved: NAFTA Proposal Gets Green Light
Dec 3 2001 // The National Association of Independent Insurers (NAII) is pleased that the compromise legislation that would allow Mexican trucks into the United States under the North American Free Trade Agreement (NAFTA) addresses the...
Experts Differ on Loss Figures for Queens Air Tragedy
Dec 3 2001 // The crash on Nov. 12 of American Airlines (AA) Flight 587, an Airbus A-300-600, with the loss of all 260 people on board and 5 on the ground, shocked New Yorkers and the rest of the nation. Coming almost two months to the...
From Promotions to Sport Pros, Special Events Insurance Covers it All
Dec 3 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...
A Teutonic Call For ‘Unconditional Rethinking’ onPolitical Risk
Dec 3 2001 // The ramifications of the Sept.11 terrorist attacks on the insurance industry are becoming more and more apparent. While the attacks are portrayed as the worst ever on U.S.soil, the repercussions continue to affect numerous...
U.S. Financial Firms, Law Enforcement Seek Ways to Track Terrorists
Nov 28 2001 // The leading U.S. financial firms and law enforcement agencies are mulling over an agreement that would give authorities sweeping power to track terrorists using the financial system, the Wall Street Journal reported. The...
BB&T’s Aggressive Expansion Plan Includes Mergers, Acquisitions
Nov 26 2001 // BB&T Corporation, the Winston-Salem, N.C.-based financial services company with strong insurance interests, is maintaining its strategy of expansion across the southern U.S. by agreeing in principle to merge with...
BB&T’ Southern Expansion Includes Mergers, Acquisitions
Nov 19 2001 // BB&T Corporation, the Winston-Salem, N.C.-based financial services company with strong insurance interests, is maintaining its strategy of expansion across the southern U.S. by agreeing in principle to merge with...
Munich Re Repeats Call for Risk Reassessment; Will Strengthen U.S Subsidiaries
Nov 15 2001 // Dr. Hans-Jürgen Schinzler, Chairman of Munich Re’s Board of Management, repeated his concerns about the industry and the affects of another aviation tragedy in New York so soon after September 11. “The...
AXA Reports 2.5% Revenue Growth to $49.4 Billion for 1st Nine Months, Despite U.S. Slowdown
Nov 14 2001 // France’s AXA reported that global consolidated revenues for the first nine months of the year totaled €55.539 billion ($49.429 billion), a 2.5 percent increase over last year’s comparable figures, despite...
S&P Indicates U.S. Insurers Have Minimal Exposure to Argentine Default
Nov 13 2001 // As Argentina’s debt crisis continues to deepen, international credit rating agency Standard & Poor’s issued a statement indicating that “U.S. insurers have negligible exposure to further defaults by...
Wilcox to Retire as AXA Investor Relations Head
Nov 12 2001 // France’s AXA announced that it would reorganize its Investor Relations Department, following the announcement that longtime head Greg Wilcox will retire, effective January 1, 2002. Wilcox managed AXA’s...
Incoming President Duffett to Steer PLUS on a Steady Course
Nov 12 2001 // Michelle Duffett, co-owner of Insight Insurance Services Inc. of Geneva, Ill., will become the first female president of the Professional Liability Underwriting Society (PLUS) at the organization’s 14th Annual PLUS...
The View from Up There-Insurers Embrace Space Age Technologies
Nov 12 2001 // The key witness in a recent crop fraud case turned out to be a camera. In June 2001, a U.S. District judge in Arkansas ruled against several farmers accused of filing false crop insurance claims totaling approximately...
Hardening Market Heralds Rush to Alternatives
Nov 12 2001 // During the last hard market, much of corporate America wasted little time in stepping up the search for risk transfer alternatives to traditional commercial insurance. The current hard market appears to be no different if...
Commentary: Purchasing Insurance for Mexico
Nov 12 2001 // Tourists, property owners and businesspersons who drive, own homes, or operate businesses or subsidiaries in Mexico need to properly protect their assets south of the border. It is ironic that most agents place insurance...
Aegon Names Shepard as New Chairman
Nov 9 2001 // Aegon, the Dutch financial services group and parent company of Transamerica Corp., announced that an American, Donald Shepard, will succeed Kees Storm as Chairman when he retires next April. Shepard, who currently heads...
