Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
China Opening Doors to Insurance Contacts
Jun 24 2002 // Some recent events indicate that the Chinese insurance market is becoming more open to foreign insurers. U.S. and Chinese regulators recently concluded an agreement to begin sharing information; AIG opened an office in the...
Insurers Look to Wipe Clean Toxic Mold Claims
Jun 24 2002 // For U.S. insurers, reinsurers, and property professionals still reeling from the $32 million a Texas jury awarded Melinda Ballard in her toxic mold lawsuit against Farmers Insurance last year and the $18.5 million a...
China Opening Doors to Insurance Contacts
Jun 24 2002 // Some recent events indicate that the Chinese insurance market is becoming more open to foreign insurers. U.S. and Chinese regulators recently concluded an agreement to begin sharing information; AIG opened an office in the...
Conference June 21 to Focus on Marketing to Latino Population
Jun 20 2002 // The 2000 U.S. Census shed light on the dramatic growth of the Latino population in the United States, with experts estimating Latinos’ buying power at $450 billion. To address the challenges of communicating to this...
U.S. Attorney Seeks Stiff Sentence for Solomon
Jun 19 2002 // The U.S. Attorney’s office in Philadelphia presented a memorandum to U.S. District Court Judge Franklin Antwerpen outlining its reasons why Michael A. Solomon, who plead guilty to mail fraud and tax evasion charges...
NAII Hosts Conference Addressing OFAC Regulation
Jun 14 2002 // The National Association of Independent Insurers (NAII) and Chicago-based law firm Lord, Bissell and Brook will host an industry-wide informational conference June 20 to discuss the insurance industry’s compliance...
NAII to Host Conference Addressing OFAC Regulation
Jun 13 2002 // The National Association of Independent Insurers (NAII) and Chicago-based law firm Lord, Bissell and Brook will host an industry-wide informational conference June 20 to discuss the insurance industry’s compliance...
U.S. Risk Insurance Group Acquires Business Assets of Ore. Company
Jun 12 2002 // U.S. Risk Insurance Group has acquired the business assets of J.G. Newman Co. in Portland, Ore. The agency will continue doing business as J.G. Newman Co. with an additional emphasis on expanding its underwriting and...
Fake Stucco Trouble: EIFS Related Claims Constrict CGL Markets
Jun 10 2002 // Mold may be getting all the attention at the moment as a major threat to insurers, at least in Texas and California, but another problem has wreaked havoc for homeowners, carriers, and contractors nationwide for several...
Insurers Look to Wipe Clean Toxic Mold Claims
Jun 10 2002 // For U.S. insurers, reinsurers, and property professionals still reeling from the $32 million a Texas jury awarded Melinda Ballard in her toxic mold lawsuit against Farmers Insurance last year and the $18.5 million a...
Fake Stucco, Real Trouble: EIFS Related Claims Constrict CGL Markets
Jun 10 2002 // Mold may be getting all the attention at the moment as a major threat to insurers, at least in Texas and California, but another problem has wreaked havoc for homeowners, carriers, and contractors nationwide for several...
S&P Affirms Ratings on AEGON and Subsidiaries
Jun 4 2002 // Standard & Poor’s announced that it has affirmed all its ratings, including its double-‘A’-minus long-term and its ‘A-1’-plus short-term counterparty credit ratings, on AEGON N.V., the...
NAFTA Officials move in on Final Details Prior to Border Crossing Openings
Jun 3 2002 // Transportation officials from Canada, Mexico and the United States, as well as insurance and trucking representatives from those countries, met this week to review final safety, implementation and insurance concerns before...
EU Extends Airline Aid Deadline to June 30
May 28 2002 // The European Commission (EC), the European Union’s highest regulatory authority, has extended the scheduled end of aid programs by individual governments to Europe’s airlines until the end of June. Following...
U.S. P/C Rates Still Increasing
May 27 2002 // Although the events of Sept. 11 accelerated the increase in U.S. commercial real estate insurance premiums, property and casualty insurance costs had already begun rising in 2000, independent of terrorism-coverage costs,...
AAI Urging Senate Leadership to Take Action on Terrorism Bill
May 24 2002 // The Alliance of American Insurers has written to U.S. Senate Majority Leader Thomas Daschle (D-SD) and Minority Leader Trent Lott (R-MS) urging prompt consideration of the terrorism insurance bill, given the recent...
NAIC, Chinese Regulators to Cooperate as Insurance Ties with China Expand
May 24 2002 // Recent moves have confirmed the reality of the expanding Chinese insurance market. They include an agreement between U.S. and Chinese regulators to share information; an announcement that AIG has been granted a first ever...
S&P Affirms Everest Re (U.S.) ‘A-‘ Rating, Outlook Positive
May 21 2002 // Standard & Poor’s said that it has affirmed its single-‘A’-minus counterparty credit and senior debt ratings on U.S.-based Everest Reinsurance Holdings Inc., an intermediary holding company that is...
Standard and Poor’s: U.S. P/C Insurance Rates to Continue Increase on Renewals
May 17 2002 // While the events of Sept. 11 accelerated the increase in U.S. commercial real estate insurance premiums, property and casualty insurance costs had already begun rising in 2000, independent of terrorism-coverage costs,...
Credit Lyonnais Suit Dismissed by Federal Judge
May 13 2002 // A federal judge has thrown out a lawsuit alleging that Credit Lyonnais and others engaged in fraudulent activity in the 1993 acquisition of the assets of the futile Executive Life Insurance Co, according to the Los Angeles...
