Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Zurich U.S. Expands Presence in Southwest, Appoints Four New Execs
Sep 28 2000 // Zurich U.S., headquartered in Schaumburg, Ill., has appointed four new executives in an effort to better manage the company’s rapidly growing presence in the southwestern United States. Mark Wall is the senior...
Concorde Crash Lawyers Near Filing Lawsuits in U.S.
Sep 27 2000 // The two German lawyers representing the families of victims of the Concorde air disaster are reportedly close to filing compensation claims in the U.S. While settlement talks with Air France are continuing, the differences...
White Mountains to Buy CGNU U.S. Unit
Sep 25 2000 // White Mountains Insurance Group has agreed to buy the U.S. property casualty operations of British insurer CGNU Group for $2.1 billion. The Hanover, N.H-based insurer is also expected to pay $500 million in debt owed by...
Senate Approves PNTR Deal With China
Sep 20 2000 // As expected the U.S. Senate passed the 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...
Allianz Capital Sales Boost 1st Half Profits – Targets U.S. Fund Manager
Sep 14 2000 // Allianz AG posted a 30 percent rise in 1st half profits to €1.6 billion ($1.38 billion) from €1.2 billion ($1.03 billion) last year. The gains, which exceeded analysts expectations, were due primarily to the disposals...
Chase to Buy J.P. Morgan for $33 Billion
Sep 13 2000 // Chase Manhattan Corp. plans to buy commercial and investment bank J.P. Morgan & Co. Inc. for $33.2 billion in stock. The merged bank will be called J.P. Morgan Chase & Co., and will combine two of the...
San Jose Couple Accused of Fraud Back in U.S.
Sep 13 2000 // After fleeing to the Caribbean eight months ago to avoid charges that they stole $10 million from insurance clients, a San Jose, Calif. couple appeared in court Tuesday for the first time and were ordered held on $10...
Equitas Head Warns on Asbestos Claims
Sep 12 2000 // Hugh Stevenson, Chairman of Equitas, the vehicle set up by Lloyd’s in 1996 to runoff liabilities, principally asbestos and industrial pollution claims for years prior to 1993, issued a warning at the annual meeting...
HRH Acquires Conn.-Based Thomas M. Murphy & Associates
Sep 8 2000 // Hilb, Rogal and Hamilton Company announced that it has acquired substantially all of the operating assets of Thomas M. Murphy & Associates (“TMM&A”), an insurance agency in Shelton,...
Karl Joins Swiss Re as Head of Economic Research, Consulting for North America
Sep 6 2000 // Dr. Kurt E. Karl has joined Swiss Re as head of the company’s Economic Research and Consulting in New York. Prior to joining Swiss Re, Karl was chief international economist at WEFA, Inc., an economic forecasting...
Lime Street Meets Silicon Valley; New Initiatives Transform Lloyd’s
Sep 4 2000 // Lloyd’s is adapting to modern business methods and upgrading its business systems so rapidly that it promises to meet, if not surpass, the vision that Chairman Max Taylor first set out in “Priorities for...
CIBC Completes Sale of its P/C Business
Aug 31 2000 // CIBC completed the sale of its property and casualty insurance companies–The Personal Insurance Company of Canada and CIBC General Insurance Company Limited–to Desjardins- Laurentian Financial Corporation...
Royal & Sun Seeks NYSE Listing
Aug 14 2000 // According to reports in Britain’s Sunday Times, the U.K.’s fifth largest insurer, Royal & Sun Alliance (RSA), hopes to list its shares on the New York Stock Exchange as soon as this fall, and is engaged in...
Roundabouts: A Way Around Costly Accidents’
Aug 14 2000 // The Insurance Industry’s Increased Interest in Auto Safety Has Produced Research that Provides Compelling Reasons to Send Our Traffic in Circles Each year in the United States more than 800 people die and an...
Large Carriers Post Positive Second-Quarter Results
Aug 7 2000 // Over the past three weeks, U.S. property/casualty insurers have been busy posting their second-quarter results. With continuing low premium rates and high claims costs, it may look like bad news for the industry as a...
Large Carriers Post Positive Second-Quarter Results
Aug 7 2000 // Over the past three weeks, U.S. property/casualty insurers have been busy posting their second-quarter results. With continuing low premium rates and high claims costs, it may look like bad news for the industry as a...
Swiss Welcome U.S. Holocaust Ruling
Jul 27 2000 // A U.S. judge’s decision to approve a $1.25 billion settlement to restore Holocaust-era assets to their rightful owners was met with open arms by Swiss banks, insurers and the government. Swiss banks reportedly agreed...
Q2 Results Good for AIG, Chubb, St. Paul
Jul 27 2000 // American International Group’s second-quarter operating profit rose 13 percent to $1.43 billion, matching analysts’ estimates. T he New York-based insurer said net profit, including realized investment losses,...
Dutch ING Bank To Launch U.S. Online Bank
Jul 24 2000 // Dutch financial services group ING plans to launch an Internet bank in the U.S., which will include coffee shops where customers can meet advisers face to face, the Financial Times reported Saturday. ING Direct will open...
Japan-U.S. Agree To More Dereg Talks
Jul 24 2000 // Japanese Prime Minister Yoshiro Mori and U.S. President Bill Clinton agreed over the weekend to a fourth year talks to deregulate bilateral trade. The latest discussions ended with a joint report to the leaders on...
