Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
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...
NAPSLO Interns At Work in Summer
Aug 19 2002 // The National Association of Professional Surplus Lines Offices (NAPSLO) announced that eight college student are participating in its 2002 Summer Internship Program. The interns spend five weeks during the summer working...
Swiss Re Creates U.S. Advisory Board
Aug 15 2002 // Swiss Re has established a U.S. Advisory Board to provide advisory and consultative services to Swiss Re America Holding Corporation and its US subsidiaries. The establishment of this Advisory Board reflects Swiss...
A.M. Best Affirms Rating of Allianz
Aug 8 2002 // A.M. Best Co. has affirmed the financial strength rating of A++ (Superior) of Allianz AG Consolidated, Germany. At the same time, A.M. Best has downgraded Allianz’s debt ratings to “aa+” from...
U.S. Court Backs Calif. Law on Holocaust Issue
Aug 5 2002 // Commissioner Low was very gratified with the decision. From his perspective, this is a time-sensitive issue because some of these survivors are dying every day,” said Nanci Kramer, a spokesperson with the California...
New Fitch Report Estimates Billions in Asbestos Liability Costs
Aug 5 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...
Willis Commercial Network Chooses The Hartford’s BMG to Aid in U.S. Expansion
Aug 2 2002 // The Hartford Financial Services Group announced its Business Management Group (BMG) will provide agency management expertise to Willis Commercial Network as the latter prepares to expand its U.K. operation throughout the...
A.M. Best Affirms Ratings of Wawanesa Mutual and Subsidiary
Jul 30 2002 // A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of Wawanesa Mutual Insurance Company, (Winnipeg, Canada). The rating also applies to Wawanesa General Insurance Company of San Diego, its U.S....
