Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Surplus Lines Market Shows Signs of Shaping Up
Nov 13 2000 // When retail agents or brokers cannot find coverage for a unique or high-risk insured with a company in the standard or admitted market, they often turn to the surplus lines—or excess and surplus (E&S)—market for...
ALLIANZ IS COMING TO AMERICA
Nov 13 2000 // Confirming earlier reports, Germany’s Allianz said it had won approval from the SEC to list its shares on U.S. stock exchanges. Most analysts said that Allianz would soon be in a position to seek further U.S....
Incumbents Maintain Seats in Commissioner Races
Nov 13 2000 // Six insurance commissioner seats were up for grabs Nov. 7, with only two incumbents seeking reelection. At press time, all official tabulations were not completed, so the percentage by which some of the winners were...
Incumbents Maintain Seats in Insurance Commissioner Races
Nov 8 2000 // Six insurance commissioner seats were up for grabs Tuesday, with only two incumbents seeking reelection. At the time of this writing, all official tabulations were not completed, so the percentage by which some of the...
U.S. Tobacco Firms Sued by EU – Accused of Smuggling Cigarettes
Nov 7 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...
Allianz Confirms SEC Approval For U.S. Listing
Nov 2 2000 // Confirming earlier reports, Germany’s Allianz said it had won approval from the SEC to list its shares on U.S. stock exchanges. The company expects to make a formal announcement and give more details later...
Swiss Re Study: Outlook Promising for U.S. Credit Insurers
Oct 31 2000 // So found a recent Swiss Re sigma study “Trade Credit Insurance.” The study also found the products that will likely boost revenue include: credit lines for commercial internet purchases, information services...
Insurance Groups Voice NAFTA Concerns
Oct 30 2000 // The provisions of the North American Free Trade Agreement have been in place for several years, but Mexico and the U.S. have yet to simplify cross-border shipping by implementing a feasible cross-border insurance system...
NAFTA Moratorium Continuation Urged
Oct 25 2000 // Presidential candidates George W. Bush and Al Gore are being urged by the National Association of Independent Insurers (NAII) to maintain the moratorium against granting Mexican trucks full access to American highways...
Border Crossing
Oct 23 2000 // NAFTA Still Hobbled By Stafety Concenrns, Cross-Border Insurance Isues The provisions of the North American Free Trade Agreement have been in place for several years, but Mexico and the United States have yet to simplify...
Corraling The Horse Market
Oct 23 2000 // With only 17 percent of the nation’s 6 million horses insured, the equine market is ripe for picking In today’s steady economy, equine insurance could be one of the best markets you’ve never thought about...
AXA Global Risks Upgraded
Oct 16 2000 // The financial strength rating (FSR) of AXA Global Risks U.S. Insurance Co., New York, was raised from “B++” to “A-” by A.M. Best Co., an action which reflects the company’s renewed focus...
President Clinton Signs China PNTR Bill
Oct 11 2000 // On Tuesday night President Clinton signed into law the bill granting China Permanent Normal Trading Relations (PNTR), opening a new era between the U.S. and the People’s Republic, and furthering China’s bid to...
Primestreet, Zurich U.S. Announce Strategic Partnership
Oct 11 2000 // PrimeStreet, an enabler of online credit solutions for companies serving the small business market, has entered a strategic partnership with Zurich American Insurance Company, a Zurich U.S. subsidiary, to provide small...
Munich American Re To Acquire CNA Life Re
Oct 9 2000 // Munich American Re (MARC), the U.S. subsidiary of Munich Re, announced plans to acquire by retrocession the reinsurance life business of Chicago based CNA Financial Corp., CNA Life Re and Agora Re.com for an undisclosed...
SENATE GRANTS CHINA PNTR STATUS
Oct 9 2000 // The U.S. Senate passed a bill granting China permanent normal trading relations (PNTR), thus clearing one of the final obstacles to the entry of the world’s most populous nation into the World Trade Organization...
Alliance Study Shows Industry Contributes $200 Billion to U.S. Economy
Oct 6 2000 // The insurance industry contributes almost $200 billion to the United States’ gross national product each year, approximately 2.4 percent of the total GNP, according to the latest edition of a study compiled by the...
CGNU Reported Looking For U.S. Fund Manager
Oct 4 2000 // London’s Financial Times (FT) reports that U.K. insurer CGNU, which recently announced the sale of its U.S. p/c business to White Mountains Insurance Group, has retained the services of investment bankers as it...
First Concorde Lawsuit Filed in U.S.
Oct 2 2000 // Lawyers for the family of one of the German victims of the Concorde crash outside Paris on July 25th have filed a lawsuit in Federal District Court in Miami Florida seeking damages from Air France and other companies...
Calif. Sits on Epicenter of National Quake Survey
Oct 2 2000 // According to the first national survey of earthquake risks, 75 percent of all losses are expected to occur in California. But quakes are not a problem for just the Golden State, as the study shows that other areas of the...
