Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Lloyd’s Says Estimates of Total U.S. Damage ‘Deeply Flawed’
Sep 13 2001 // The Lloyd’s of London insurance market have cautioned that any specific estimate of the absolute cost in financial terms for the insurance industry of yesterday’s tragedy in the United States is highly...
International Insurance Stocks Plunge for
Sep 13 2001 // The day after the Sept. 11 terrorist attacks on the U.S, insurance stocks fell significantly in international trading. The DJ Stoxx insurance index reportedly fell to a three-year low at 8:27 a.m. EDT, following a 13...
A Stunned World Reacts to Terrorist Attacks
Sep 12 2001 // No words will ever be able to fully convey the shock and the stunned incredulity around the world as yesterday’s terrorist attacks unfolded on television screens across the globe. Live coverage on French television...
Insurance Stocks Pummeled in International Trade, NYSE Will Not Resume Trade Wednesday September 11
Sep 11 2001 // The New York Stock Exchange indicated that it would not resume trade on Wednesday. Reuters reported that U.S. stock markets had been shut down in the wake of terrorist attacks on New York’s World Trade Center and the...
Lloyd’s of London Evacuates Office Towers Following U.S. Terrorist Attacks
Sep 11 2001 // Lloyd’s of London cleared its offices in the traditional financial center in the City of London following terrorist attacks on New York City and Washington, D.C. Reuters reported that the staff of other large...
World Trade Center Attacks Will Be the Most Costly Man-Made Disaster in U.S. History, Insurance Info
Sep 11 2001 // The horrible terrorist attacks on the World Trade Center towers will be the most costly man-made catastrophe in U.S. history, according to the Insurance Information Institute. Insured losses are likely to be in the...
Are Fine Arts Floaters A Silver Lining in the Insurance Market Cloud’
Sep 10 2001 // Unlike many lines of insurance, the fine arts and collections market has so far managed to avoid the difficulties of a hardening environment. But is it robust enough to carry the industry through tough times? Maybe not,...
Surplus Lines Market Shows Growth Despite Sluggish Economy
Sep 10 2001 // From all accounts, the surplus lines market is alive and well in the United States despite an economy which continues to sputter in many sectors. Numbers from the Surplus Line Association (SLA) of California,...
Kingsway Expands Nonstandard Auto in U.S.
Sep 7 2001 // Kingsway Financial Services Inc. entered into an agreement with The Vision Insurance Group to underwrite nonstandard automobile insurance in the U.S., beginning in Virginia, Indiana, Arkansas, Ohio and Kentucky, through...
HIH Creditors May Get Only Half of Amounts Owed
Sep 4 2001 // Tony McGrath, the provisional liquidator for failed Australian insurer HIH, indicated that creditors of the bankrupt company may get only about 50 cents on the dollar. New loss estimates have put HIH’s shortfall as...
2000 Surplus Lines Premium Report
Sep 3 2001 // Processing at the Surplus Lines Stamping Office of Texas this year confirms what underwriters, agents, and risk managers already know – the hardening of the Property/Casualty market continues. Through August, the...
Are Fine Arts Floaters A Silver Lining in the Insurance Market Cloud’
Sep 3 2001 // Unlike many lines of insurance, the fine arts and collections market has so far managed to avoid the difficulties of a hardening environment. But is it robust enough to carry the industry through tough times? Maybe not,...
Majority of U.S. Businesses Report Workplace Safety Pays Off
Aug 31 2001 // Ninety-five percent of business executives report that workplace safety has a positive impact on a company’s financial performance, according to the findings of “The Executive Survey of Workplace Safety”...
$2.8 Billion – Latest HIH Loss Estimate
Aug 28 2001 // The loss estimates for Australia’s HIH continue to mount. Last May they appeared to have leveled off at around U.S.$2.1 billion, but new information released by the liquidators now show they could go as high as U.S....
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...
