Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
DOT Confirms Need for Tighter Mexican Trucks Inspection under NAFTA
May 18 2001 // An adequate number of safety inspectors and a detailed plan for the inspection of Mexican trucks at all borders are both essential for the safety of all motorists, according to the National Association of Independent...
AXA Names Condron To Head U.S. Operations
May 17 2001 // France’s AXA Group and its U.S. Subsidiary, AXA Financial, Inc. announced that Christopher M. “Kip” Condron has been named to succeed Edward D Miller as the new President and CEO of U.S. operations. He...
Prudential (U.K.), Other Europeans Seeking U.S. Acquisitions
May 16 2001 // Enriched by the $600 million it received as a break up fee from AIG-American General, Britain’s Prudential plc is still looking for opportunities to expand in the U.S. market, but it’s not alone. According to...
Report U.S. Plans To Indict Credit Lyonnais
May 15 2001 // According to a report in The Wall Street Journal, the U.S. Attorney’s office in Los Angeles plans to bring indictments against French bank Credit Lyonnais and its subsidiary, Le Consortium de Réalisation...
Legislation Gains Praise From Chubb CEO
May 10 2001 // The introduction of the Reinsurance Tax Equity Act of 2001 gained praise from Dean R. O’Hare, chairman and CEO of The Chubb Corporation. Following introduction by Reps. Nancy Johnson (R-Conn.) and Richard Neal...
Benfield Greig-E.W. Blanch to Create Third Largest Global Re Broker
May 7 2001 // On April 16, London-based Benfield Greig Group plc and E.W. Blanch Holdings Inc. of Dallas announced an agreement on merger terms. Benfield offered to purchase the outstanding shares of EWB for $13.50 a share, valuing the...
Allfinanz Introduces xpertBridge to U.S. Financial Services Market
May 4 2001 // Allfinanz, a multinational developer of e-commerce software for the global financial services industry, is offering xpertBridge, a software solution for distributors of insurance, investment and other financial services...
Swiss Re Study Examines U.S. European Economic Scenarios
May 3 2001 // A study just released by Swiss Re Economic Research & Consulting finds that the U.S. economy is more vulnerable in the short-term to recessionary pressures, but that in the long-term European economies are more likely...
Lloyd’s Posts 23% Gain in U.S. Premium Income
May 2 2001 // Led by a strong performance in its surplus lines business, Lloyd’s announced a 23 percent gain in U.S. premium income for the year 2000 to $5.9 billion from $4.8 billion in 1999. “This increase is a reflection...
So. Africa’s Old Mutual To Acquire St. Paul’s FG
Apr 27 2001 // Old Mutual, a South African financial services company which trades on the London Stock Exchange, announced that it had agreed to purchase Fidelity and Guaranty Life Insurance Co., a Baltimore-based subsidiary of The St....
Corralling The Horse Market
Apr 23 2001 // In today’s steady economy, equine insurance could be one of the best markets you’ve never thought about tapping. Then again, if you don’t know the front end of a horse from the back, it could also be the...
A.M. Best Reports U.S. Continued Weakening in U.S. Property/Casualty Results for 2000
Apr 16 2001 // According to a new A.M. Best Co. report, property/casualty results for the fourth quarter and the full year 2000 continued to weaken as the effects of the prolonged soft market overshadowed the benefits of price firming....
Top 25 US Areas for Auto Theft
Apr 11 2001 // The top 25 U.S. metropolitan areas in rates of stolen vehicles last year, according to the National Insurance Crime Bureau’s analysis of FBI figures. Listed cities include their ranking last year in parenthesis,...
IIAA Endorses U.S. House Anti-Fraud Bill
Apr 10 2001 // The Independent Insurance Agents of America is endorsing a House proposal that would empower state insurance commissioners and all financial regulators to better coordinate the fight against financial fraud, says IIAA...
U.S. E&O Brokers to Provide Agents’ E&O Coverage on MarketScout.com
Apr 10 2001 // MarketScout, a Dallas-based e-commerce company specializing in the distribution of property and casualty insurance products, announced that U.S. E&O Brokers Group has been selected as its exclusive “Best of...
Hurricane Team Revises Outlook Upward; Predicts Average Season
Apr 9 2001 // As of early April, the Colorado State University hurricane forecasting team led by William Gray has upped the numbers for 2001 just slightly, suggesting a normal season. For the June 1-Nov. 30, 2001 season, the scientists...
Prudential Won’t Increase Am Gen Bid
Apr 6 2001 // Prudential (U.K.) announced that it did not intend to increase the value of its bid for American General by offering additional cash to its shareholders. This increases the likelihood that AIG’s counter offer will...
Hartford, Fortis Complete Sale
Apr 3 2001 // The Hartford Financial Services Group and Fortis, Inc. The U.S. subsidiary of the Belgian-Dutch banking and insurance group announced that the sale of Fortis Financial Group to Hartford in a cash transaction valued at...
SKANDIA TO REDUCE U.S. STAFF
Apr 2 2001 // Sweden’s Skandia Group announced staff reductions in its U.S. subsidiary, American Skandia. The company will eliminate 150 positions—about 13 percent of its work force—following a serious downturn in U.S. sales,...
Letter Re-Ignites U.S.- Europe Privacy Debate
Mar 28 2001 // A joint letter from the Treasury and Commerce Departments to John Mogg, European Commission Director General for the Internal Market, has re-ignited the controversy between the U.S. and the EU over privacy regulations. The...
