Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
S&P Completes Zurich Review, Lowers Ratings
Feb 18 2002 // Standard & Poor’s announced that it has completed its review of Swiss-based Zurich Financial Services, undertaken after the Sept. 11 attacks, and has lowered its counterparty credit and insurer financial...
Midland, Bell and Clements to Offer Surplus
Feb 18 2002 // The Midland Company, a provider of specialty insurance products headquartered in Cincinnati, Ohio, has forged a deal with the U.S. subsidiary of London-based insurance brokerage firm, Bell & Clements Limited, to...
U.S. Airlines Seek Liability Coverage
Feb 13 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...
Before & NAFTA: Open Borders, Long Term Effects on Long-Haul Trucking
Feb 11 2002 // Now that Congress and the Bush administration have struck a deal to pave the way for NAFTA trucking provisions—which the U.S. had been found to be violating for most of last year—the task of actually implementing these...
Before & NAFTA: Open Borders, Long Term Effects on Long-Haul Trucking
Feb 11 2002 // Now that Congress and the Bush administration have struck a deal to pave the way for NAFTA trucking provisions—which the U.S. had been found to be violating for most of last year—the task of actually implementing these...
Perceptions of Mexico
Feb 11 2002 // Oh, down in Mexico. I never really been so I don’t really know…. Actually I have been to Mexico, and loved it. But that line from the James Taylor song, “Mexico,” has been swirling around in my...
Holocaust Insurance Claims Panel Faces Recriminations over Delays
Feb 11 2002 // Many European countries observed Sunday, Jan. 27 as Holocaust Memorial Day, a time set aside to honor the memory of the 12 million human beings—over six million of them Jewish—who perished at the hands of the Nazis...
Converium to Underwrite Midwest Crop Coverage
Jan 31 2002 // Switzerland’s Converium Holding Ltd. announced that its U.S. subsidiary Converium Insurance (North America) Inc. (formerly ZC Insurance Company) has reached an agreement with Crop 1 Insurance of Des Moines, Iowa to...
XL Winterthur International Launched
Jan 30 2002 // XL Winterthur International Launched XL Winterthur International (XLWI), the account risk management business of XL Capital Ltd. (XL) announced the establishment of a new Excess Casualty unit based in New York. The new...
Enron’s Crash Radiates in All Directions, Implications for Insurers
Jan 28 2002 // “Bankruptcy” and “Chapter 11” are inadequate terms to describe the carnage left in the wake of Enron’s collapse, which affected the lives of thousands of people, numerous banks and dozens of...
Weather Derivatives Offer New Solutions to anOld Problem
Jan 28 2002 // The market in weather derivatives has really developed over the last five years,” said Diego Wauters, executive director and global head of SG Insurance and Weather Derivatives, a specialized division of French Bank...
Workers’ Compensation A Thorn in Side of U.S. Companies
Jan 24 2002 // Workers’ compensation, one of the insurance lines most acutely affected by the terrorism of 2001 and by the continued absence of government backstop insurance for terrorism events, is fast becoming a high-priced...
SCOR Hit By Late Claims, Estimates $223 Million Loss for 2001
Jan 16 2002 // France’s SCOR announced that a late surge in claims that emerged at the end of the year has led to a downward revision of its earnings estimate for 2001. The company stated that, “In view of the combined impact...
P/C Trends Gain Momentum after U.S. Attacks
Jan 16 2002 // According to A.M. Best Co., the unprecedented events of Sept. 11 have forever changed the way the insurance industry defines risk as both property and liability lines have been exposed to catastrophic risks that cannot be...
Insurers Urge DOT to Add the ‘Nuts and Bolts’ to Operational Plan
Jan 16 2002 // The National Association of Independent Insurers (NAII) has reiterated its support for the U.S. General Accounting Office’s (GAO) call for the Department of Transportation (DOT) to develop a detailed, operational...
2002 RMS Client Conference to Focus on Technical Knowledge, Practical Insights for Use of CAT Models
Jan 16 2002 // Risk Management Solutions (RMS) announced that its annual Client Conference will be held March 11-14, in San Francisco, at the Westin St. Francis Hotel. The conference’s focus, shaped by direct feedback from RMS...
U.S.I. Holdings Announces Development of Environmental Risk Mitigation Group
Jan 14 2002 // San Francisco-based U.S.I. Holdings Corporation announced the launch of the USI Environmental Risk Mitigation Group. This national resource was developed with the objective of assisting USI clients with innovative...
Insurance Commissioner Candidate Umberg Answers Patriotic Call to Duty
Jan 14 2002 // As important as being named the next Insurance Commissioner of California is to Tom Umberg, the obligation he felt to serve his country in the wake of Sept. 11 was greater. Umberg, a Colonel in the U.S. Army Reserves,...
Gaspar Heads ACORD Board; Norman is Chair Elect
Jan 10 2002 // The Board of Directors of ACORD has confirmed Carl L. Gaspar, as the Chair and Marilyn Norman as Chair Elect for 2002. “This is a huge honor and culminates a career-long interest in agency automation and involvement...
ACE USA Business Aviation to Join with U.S. Aircraft Insurance Group
Jan 4 2002 // ACE USA announced that it has become a member company of the USAIG aviation pool. Under the agreement, future ACE USA Business Aviation accounts for corporate aviation, non-critical products, pleasure and business aircraft...
