Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Asbestos Claims: ‘The Shroud’ Over the Industry
Aug 27 2001 // Jim Hickey, the founder of the Environmental Insurance Agency in Portland, described environmental claims in general and asbestos claims in particular as “the shroud over the industry,” or harbingers of...
Overseas Partners US Re Opens Chicago Office; Appoints EVP
Aug 23 2001 // Overseas Partners US Re (OPUS Re) recently opened a new Chicago area office and appointed Douglas R. Behnke executive vice president and head of the Chicago branch. Philadelphia-based OPUS Re said Behnke comes to the...
Well-Control Coverage Drying Up for Small, Independents in Oil Patch
Aug 20 2001 // Oil and gas drillers in Texas are averaging about 40 new holes in the ground every day as the pace of looking for petroleum, especially natural gas, continues unabated in Texas and elsewhere, and that’s...
The Shrinking, Expensive Market for Nursing Home Coverage
Aug 20 2001 // I find that nursing homes are in a serious crisis in trying to obtain medical liability coverage,” Texas Insurance Commissioner José Montemayor said in February, as he announced the Texas Department of Insurance...
Asbestos Claims Still Pulling Companies Into Bankruptcy
Aug 20 2001 // In the last 18 months, rapidly escalating asbestos claims have caused several Fortune 500 companies to seek bankruptcy protection including Owens Corning (October 2000), Babcock & Wilcox (February 2000), Armstrong...
Asbestos Claims: ‘The Shroud Over the Industry’
Aug 20 2001 // Jim Hickey, the founder of the Environmental Insurance Agency in Portland, described environmental claims in general and asbestos claims in particular as “the shroud over the industry,” or harbingers of...
Hardening Market Heralds Rush to Alternatives
Aug 20 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...
Guarding Against the Financial Domino Effect
Aug 20 2001 // This is a tale of two companies. Both made similar products and sold them to other companies. Both did what companies do: they extended credit to their commercial customers for a period of several weeks and, naturally,...
Swiss Re, Tokio Marine Conclude $450 Million Cat Swap
Aug 17 2001 // PMA Re announced that it has become the newest member of the International Insurance Council (IIC), a Washington D.C.-based association active in promoting increased trade and investment relations around the...
Lloyd’s Grants Independent U.S. Brokers First-Ever Access
Aug 6 2001 // Officials with Lloyd’s of London announced the names of the first-ever independent brokers in the U.S. to be accredited for direct access to the London-based insurance market. The historic selection of The Hanleigh...
Fitch to Review Ratings
Aug 3 2001 // Over the next few weeks, Fitch plans to study the ratings on the property/casualty insurance and reinsurance companies in its ratings universe which have material U.S. commercial lines exposures, to decide if negative...
Liquor Liability: Taking a Brief Trip Back in History
Jul 30 2001 // Court decisions coupled with new state statutes are holding sellers of alcoholic beverages increasingly responsible for damages under liquor liability laws. Nevertheless, liquor liability insurance continues to be a quiet,...
Guarding Against the Financial Domino Effect
Jul 30 2001 // This is a tale of two companies. Both made similar products and sold them to other companies. Both did what companies do: they extended credit to their commercial customers for a period of several weeks and, naturally,...
U.S. BROKERS ACCESS LLOYD’S
Jul 30 2001 // Officials with Lloyd’s of London announced the names of the first-ever independent brokers in the U.S. to be accredited for direct access to the London-based insurance market. The selection of The Hanleigh Group and...
BELFOR Takes Over Largest U.S. Fire and Water Damage Repair Company
Jul 25 2001 // BELFOR, an international fire and water damage repair company, announced it had recently taken over Inrecon LLC (INsurance RECONstruction), the leading company for the repair of fire and water damage in buildings and...
The St. Paul Companies Reports Second-Quarter Results
Jul 25 2001 // The St. Paul Companies announced second-quarter 2001 operating earnings from continuing operations of $90.8 million, or $0.39 per diluted share, compared with $144.5 million, or $0.63 per share, in the second quarter of...
First-Ever Independent U.S. Brokers Access Lloyd’s
Jul 24 2001 // Officials with Lloyd’s of London announced the names of the first-ever independent brokers in the U.S. to be accredited for direct access to the London-based insurance market. The historic selection of The Hanleigh...
Are High-Flying Hospitality Markets Headed for a Free-Fall’
Jul 23 2001 // If the hospitality market has firmed recently to, say, the consistency of crème brulée, will it necessarily become more like peanut brittle in the coming months? Who knows? But like many areas of today’s economy,...
Liquor Liability Insurance: More Than Half Still Do Without
Jul 23 2001 // Court decisions coupled with new state statutes are holding sellers of alcoholic beverages increasingly responsible for damages under liquor liability laws. Nevertheless, liquor liability insurance continues to be a quiet,...
Kansas Auto Insurance Rates Among Lowest in U.S.
Jul 16 2001 // A recent report from the National Association of Insurance Commissioners (NAIC) notes that Kansas residents paid an average of $542.01 for auto coverage in 1999, the seventh lowest rate in the nation. The Kansas rate ranks...
