Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Lloyd’s Completes $5 Billion Trust Fund Transfer
Mar 29 2002 // Lloyd’s of London announced that it has completed the transfer of over $5 billion to its trust funds in the United States since September 2001, and has fulfilled the arrangement made with the National Association of...
American Re Appoints New Senior Management Team in Strategic Business Units
Mar 27 2002 // American Re-Insurance Company announced the appointment of a new senior management team to direct the five Strategic Business Units of its U.S. property casualty underwriting operations, as well as the appointment of chief...
AXIS Gains Wide Access to U.S. Market with Company Acquisitions
Mar 26 2002 // Newly formed Bermuda insurer AXIS Specialty Limited announced that that its US subsidiary, AXIS Specialty U.S. Holdings, Inc., has entered into agreements to purchase the Royal & SunAlliance Personal Insurance Company...
AAI Praises DOT Safety Requirements for Visiting Mexican Trucks
Mar 25 2002 // Calling it a step forward in making American highways safer, the Alliance of American Insurers (AAI) praised the U.S. Department of Transportation’s newly established safety requirements for Mexican trucks and buses....
Credit Lyonnais Decision Still on Hold
Mar 25 2002 // Even though Jeffrey Isaacs, the assistant U.S. Attorney in the Los Angeles office, has been urging that the French Bank Credit Lyonnais (CL) be indicted for several allegedly illegal acts involving its takeover of...
U.S. Extends Emergency Insurance for Airlines
Mar 14 2002 // With an expiration date of March 20 staring them in the face, the U.S. government is extending emergency insurance for airlines that was unveiled following the Sept. 11 attacks, according to Reuters. The six-month coverage...
AIG Wants End to FAA’s War-Risk Coverage for Airlines
Mar 11 2002 // Maurice Greenberg, chairman and CEO of American International Group Inc., has undertaken efforts to persuade the Federal Aviation Administration to stop providing war-risk insurance for ground damage to U.S. airlines,...
Global-Reinsurance Industry Foresees Growth in Online Services
Mar 11 2002 // If anyone needs proof that the Internet is no longer a curiosity, the reinsurance industry is a good place to start looking. Reinsurance companies aren’t generally known for the rapidity with which they adopt...
Aegon Names New U.S. Division Chief
Mar 8 2002 // Dutch insurer Aegon NV has appointed Patrick Baird as the new president and chief executive of its U.S. division Aegon USA Inc., effective April 19 according to a Reuters report. Baird replaces Donald Shepherd who will...
U.S. Airlines Plan to form Company to Insure against Terrorism
Mar 6 2002 // According to the Los Angeles Times, U.S. airlines are formulating a plan to have a company in place to insure themselves against terrorism and acts of war with premiums set around half the rate private insurers have...
Calif. Officials Press for Credit Lyonnais Indictment
Mar 5 2002 // Even though reports indicate French bank Credit Lyonnais is attempting to settle fraud charges related to its unsuccessful purchase of Executive Life Insurance Co., a number of high-ranking California officials are seeking...
AIG Asks FAA to End Provision of War-Risk Coverage to U.S. Airlines
Feb 27 2002 // AIG is putting pressure on the Federal Aviation Administration (FAA) to cease providing war-risk insurance to U.S. airlines with hopes of substituting FAA coverage with its own insurance program, as first reported in the...
The Ocean Marine Market: A Unique Animal
Feb 25 2002 // Like life itself, insurance began in the ocean, eventually spawning the various land-based descendants we’ve come to know. While those terrestrial variants-auto, homeowners, commercial liability, among others-now...
Decision Nears for Credit Lyonnais in ExecutiveLife Case
Feb 25 2002 // To prosecute, or not to prosecute. The U.S. Department of Justice continues to face that dilemma in its ongoing investigation of French bank Credit Lyonnais’ (CL) role in the takeover of Calif.-based Executive Life...
Active Hurricane Season Expected for 2002
Feb 25 2002 // What is a Hurricane? A hurricane is a type of tropical cyclone—a generic term for a low pressure system that generally forms in the tropics. The cyclone is accompanied by thunderstorms and, in the Northern Hemisphere, a...
The View from Up There-Insurers Embrace Space Age Technologies
Feb 25 2002 // In the summer of 2001, a U.S. District judge in Arkansas ruled against several farmers accused of filing false crop insurance claims totaling approximately $244,000. Key evidence in the lawsuit—filed on behalf of the...
U.S. Airlines Seek Liability Cover
Feb 25 2002 // U.S. airlines have gathered together to form their own insurance company in efforts to cover their extensive liability, according to Reuters. The U.S. government arranged to take on the responsibility of insuring the...
The Ocean Marine Market: A Unique Animal
Feb 25 2002 // Like life itself, insurance began in the ocean, eventually spawning like the varius land-based descendents we’ve come to know. While those terrestrial variants-auto, homeowners, commercial liability, among others-now...
The St. Paul Cos. Names Kae Lovaas Senior VP
Feb 21 2002 // The St. Paul Companies announced that Kae Lovaas, 46, has been named senior vice president in charge of operations for the company’s U.S. Insurance Operations. Lovaas will report to Marita Zuraitis, executive vice...
NYMAGIC Reports Q4 Revenue Gains, Mixed Full Year Results
Feb 20 2002 // NYMAGIC, Inc., an insurance holding company specializing in ocean and inland marine and aircraft coverage, announced that “total revenues for the fourth quarter ended December 31, 2001 increased 21% to $39.5 million...
