Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Terrorism Insurance Still on Front Burner for Insurers, Lawmakers
May 13 2002 // Amid heavy lobbying on the part of financial lenders, insurers, real estate executives and even President Bush, the Democrats and Republicans in the Senate seem to have come to agreement that there is need for some kind of...
Insurance Industry Posts Strong Q1 Gains
May 13 2002 // After suffering its first ever net loss in 2001, an extraordinary and dismal year by anyone’s reckoning, the property/casualty industry finally received some good news as earnings reports for the first quarter of...
Royal and Sun Alliance Insurance Group Matches 2001 1stQ Results
May 10 2002 // Royal & Sun Alliance Insurance Group plc, the parent of Royal & SunAlliance USA, reported a solid first-quarter operating result of $227 million, matching last year’s Q1 result of $231 million (160 million...
AAI Points to U.S. Congress JEC Study
May 8 2002 // The Alliance of American Insurers has pointed to the U.S. Congress Joint Economic Committee’s (JEC) new study The Economic Costs of Terrorism, as further evidence that federal terrorism reinsurance legislation is...
ING Restructures U.S. Asset Management Operations; Announces Joint Venture with ANZ
May 3 2002 // Holland’s ING Group announced that it is combining parts of its U.S. asset management businesses, including the ING Aeltus Group, into ING Investment Management (IIM), its global asset management group, and is...
IIC Award-Winner Warns: Terrorism Cover No Panacea, U.S. Regulation Out of Step
May 3 2002 // New York—The insurance business needs help in the form of terrorism coverage, but it’s no panacea, warns Robert V. Mendelsohn, the American Chief Executive of London-based Royal & Sun Alliance Insurance...
Lloyd’s Riley Urges Passage of Terrorist Insurance Bill
May 2 2002 // Following recent meetings with policy makers in Washington D.C., Lloyd’s Chairman Sax Riley issued a statement urging U.S. lawmakers to pass the stalled terrorist coverage bill. “Lloyd’s was one of the...
News Analysis: Commentary on Full Year 2001
Apr 29 2002 // The property/casualty insurance industry reported a statutory rate of return of negative 2.7 percent in 2001, down from 6.5 percent return for the year 2000. The results were released by the Insurance Services Office, Inc....
Business Auto
Apr 29 2002 // Nuts & Bolts: Mexipass is offering a business auto program designed to provide business auto coverage in Mexico for commercial vehicles registered in the U.S. and owned by American companies or U.S. residents, while...
Terrorism
Apr 29 2002 // Nuts & Bolts: ACE USA is offering a specialist solution to several specific industry classes with a shortage of terrorism related insurance capacity. The ACE terrorism insurance product is focused on U.S. and Canadian...
Business Auto – Mexico
Apr 29 2002 // Nuts & Bolts: Mexipass is offering a business auto program for U.S. vehicles in Mexico, targeted toward commercial vehicles registered in the U.S. and owned by U.S. companies or U.S. residents. Provides the same...
U.S. Regulators Give Approval on Lloyd’s Estimate
Apr 18 2002 // Following the initial portion of a review of the market, U.S. regulators have given Lloyd’s of London approval on the company’s estimate of $8 billion for gross claims in the Sept. 11 destruction of the World...
Bermuda’s Premier Responds to U.S. Tax Bill
Apr 17 2002 // The ongoing proposals by several lawmakers to make U.S. companies, notably insurers, who relocate to Bermuda subject to U.S. taxes, has drawn a terse response from Jennifer Smith, the island’s premier. “We...
NAII Spearheads U.S. Treasury Dept. Meeting to Request Exemption from Money Laundering Mandates
Apr 16 2002 // The
Terrorism Insurance and Home Security
Apr 15 2002 // The issue of whether or not the government should be in the business of providing terrorism insurance is a confusing one. Congress clearly has a problem with it. Although the House passed its version of a bill that would...
2001: The Insurance Industry’s ‘Annus Horribilis’
Apr 15 2002 // In future years property/casualty insurers will no doubt look back on the year 2001 and shudder. Right now they’re too busy coping with the reality of the industry’s “annus horribilis,” to borrow...
ING Cautiously Optimistic for 2002
Apr 12 2002 // At a recent conference for analysts Holland’s ING Group indicated that it was “cautiously optimistic” about its earnings recovery for the year 2002, but refrained from making a full year prediction. The...
AAI Backs Schumer Auto Fraud Bill in U.S. Senate
Apr 12 2002 // The Alliance of American Insurers has voiced its initial support for the Cheaper Car Insurance Act, which would make auto fraud a federal crime punishable by as long as 15 years in prison and as much as $100,000 in fines....
Assurex Adds Partners in Peru, Tunisia U.S.
Apr 4 2002 // Assurex Global Partners, the private organization of leading brokers and agencies, announced that it has expanded its worldwide presence with the addition of international broker Partners in Lima, Peru and Tunis, Tunisia,...
NAII, Insurer Groups Address Truck Crossing Concerns
Apr 4 2002 // The United States Department of Transportation’s (DOT) safety requirements for trucks, buses and drivers entering this country under the North American Free Trade Agreement (NAFTA) aim at having Mexican carriers meet...
