Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Hub International to Acquire Kaye Group
Jan 22 2001 // Hub International has entered a definitive agreement to acquire Kaye Group through a merger transaction. Upon the merger, each holder of Kaye Group shares will receive for each share held US$14, comprised of the following...
Pennsylvania Man Returns From the Dead to Face Fraud Charges
Jan 12 2001 // A former Easton, Penn. man and his wife have been returned to Lehigh County from Thailand to face charges of allegedly conspiring to steal nearly $1.6 million from insurance companies by faking the husband’s death...
Welcome to our First Ever
Jan 8 2001 // The demarcation between years always seems to take on a contemplative aspect. We look back to where we’ve been, and then look forward to weigh our expectations. Will the market continue to harden? Will the dot-coms...
U.S. Lawmakers to Create Broad New Financial Panel
Jan 3 2001 // The House Rules Committee has proposed establishing a new Committee on Financial Services, abolishing the Committee on Banking and shifting securities and insurance issues from the Commerce Committee to the new forum. The...
Munich Re Survey Shows Natural Disasters Increase – Less Losses
Dec 29 2000 // Munich Re has released a survey of the natural disasters which occurred in the year 2000, citing over 850 worldwide catastrophes, 100 more than last year, but finds that the economic consequences were less, as many of them...
Zogby Poll Says Most U.S. Travelers Find Coverage Necessary
Dec 19 2000 // More than 52 percent of 1,078 respondents to a Zogby poll indicated agreement when asked, “Do you agree or disagree that it is necessary to purchase general travel or trip cancellation insurance when you make your...
ACLI Backs WTO Financial Services Proposals
Dec 15 2000 // The American Council of Life Insurers added its weight behind government proposals put forth in Geneva at the current World Trade Organization Conference on Financial Services. The industry seeks to have rules adopted...
Swiss Re Study Examines World Insurance Market – 1999 Results
Dec 14 2000 // A new Swiss Re Sigma study gives an in depth look at the global insurance market based on 1999 premium figures from 134 countries. The industry, paced by booming life insurance sales, posted a 4.5 percent gain last...
Judge’s Dismissal of U.S. Lawsuits Conditioned on Holocaust Payments
Dec 12 2000 // U.S. Judge Michael Mukasey ordered a conditional dismissal of lawsuits brought by Holocaust survivors and their families against several German insurers, who have failed to pay claims from Nazi-era insurance policies. The...
Insuring Ski Resorts: There’s No Business Like Snow Business
Dec 11 2000 // Strap the skis to the roof rack and throw the chains on the tires-it’s time to head to the mountains. For avid skiers, “weekend warriors” and “flatlanders” alike, the winter months mean long,...
XL To Acquire CGU’s U.S. Surety Business
Dec 11 2000 // Bermuda’s XL Capital Ltd. announced that its surety bond unit, XL Specialty Insurance Co., has agreed to purchase CGU’s U.S. surety business of for an undisclosed amount. XLSIC President Daryl LaForge stated...
Bermuda Tax Proposals: ‘Closing a Loophole’ or ‘ Pork Barrel Polics”
Dec 11 2000 // The taxation of foreign insurers, reinsurers, captives banks and financial service providers, involves some very complex international issues, heavily charged with “political considerations.” HR 4192, or the...
Gray Predicts Relatively Quiet 2001 Hurricane Season
Dec 8 2000 // After six years that set a record for Atlantic Basin tropical storms and hurricane activity, William Gray and his associates at Colorado State University are calling for a season slightly below the long-term average. For...
A.M. Best Assesses Excess Capital in U.S. Property/Casualty Industry
Dec 6 2000 // Over the past decade, the U.S. property/casualty insurance industry’s excess capital position has grown dramatically due to slower premium growth, better risk management techniques and significant surplus gains. This...
New Mexican Auto Insurance Websites to Help U.S. Consumers, Agents
Nov 29 2000 // A new website will give tourists a chance to purchase Mexican automobile insurance before they venture south of the border. In addition, agents can order policies for their customers through a website designed for...
SCOR Signs Two Life Re Contracts For $200 Million
Nov 28 2000 // SCOR Group announced that its U.S. subsidiary, SCOR Life US Reinsurance Cy, formed following the acquisition of PartnerRe Life last April, has signed two major reinsurance contracts “representing total annual premium...
As Climate Conference Fails, CGNU Director Warns of Mounting Damages
Nov 26 2000 // Even as delegates at the UN sponsored environmental conference in the Hague failed to reach any agreement to address the effects of climate change, Dr. Andrew Dlugolecki, director of general insurance development at CGNU,...
Commercial P/C Rates Continue to Harden
Nov 20 2000 // Property/casualty rates for small, medium and large commercial lines continued to rise between July 1 and Sept. 30, according to The Council of Insurance Agents and Brokers’ Commercial Insurance Market Index for the...
Six Insurance Commissioners Elected; Incumbents Maintain Seats
Nov 20 2000 // Six insurance commissioner seats were up for grabs during the Nov. 7 election, with only two incumbents seeking reelection. Twelve states elect commissioners rather than appoint them. In Delaware, two-term incumbent Donna...
U.S. TOBACCO FIRMS SUED BY EU
Nov 20 2000 // Philip Morris and R.J. Reynolds were named in a complaint by the European Union’s governing commission for complicity in the smuggling of thousands of container loads of cigarettes without paying the applicable...
