Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
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...
Global Warming Debate Heats Up
Jul 12 2001 // A new report from the United Nation’s International Panel on Climate Change warns that global temperatures are rising much more rapidly than previous estimates had indicated and predicted disastrous environmental...
S&P Revises Outlook on U.S. Personal Lines P/C Industry to Negative
Jul 11 2001 // Standard & Poor’s revised its outlook on the personal lines property/casualty sector (i.e., home and auto insurance) of the U.S. insurance industry to negative from stable. In conjunction with this rating...
NAII Warns NAFTA Funding Cuts Pose Road Hazard
Jul 9 2001 // Congressional efforts to block funding for additional border inspectors and facility improvements in anticipation of the opening of the U.S.-Mexican border under the North American Free Trade Agreement (NAFTA) are a threat...
State Farm Names Texas’ Worst Intersections-One Makes U.S. Top 10 List
Jul 9 2001 // An intersection in Frisco, Texas, near Dallas, made State Farm Insurance Company’s list of the 10 most dangerous intersections in the U.S. The intersection at State Highway 121 and Preston Road in Frisco was number...
AIA Sees July as Historic Trade Month
Jul 6 2001 // The American Insurance Association believes that the number of international agreements that are up for consideration, and their potentially far reaching consequences for the industry, could make July 2001 an historic...
Rift Between EU US Over AIG Stalls China/WTO Pact
Jul 5 2001 // Negotiators in Geneva had hoped to announce that they had reached an accord on all issues, clearing the way for China to join the World Trade Organization, but they’ll have to wait a bit longer, as a dispute over...
NAII Warns: Political Games over NAFTA Funding May Prove ‘Deadly Serious’
Jul 3 2001 // According to the National Association of Independent Insurers (NAII), congressional action to block funding for additional border inspectors and facility improvements in anticipation of the opening up of the U.S.-Mexican...
Kaye Group, Hub International Complete Merger
Jun 29 2001 // Canadian insurance broker Hub International Ltd. announced the completion of its acquisition of Kaye Group, Inc., the U.S. property/casualty and benefits broker. Hub, which is 41 percent owned by Canada’s Fairfax...
