Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
People and Places
Oct 8 2007 // The National Association of Mutual Insurance Cos.(NAMIC) named SECURA Insurance President and CEO John Bykowski as the chairman of its board of directors during the association’s annual convention Sept. 16-19 at...
People and Places
Oct 8 2007 // The Insurance Marketing Communications Association named its 2007/2008 slate of directors and officers, with Cora Barran of Farmers Insurance Group continuing as IMCA president for her second year. Barran is director of...
Declarations
Oct 8 2007 // Workable competition “We all like competition when it works but we’ve seen enough failures to know that without proper safeguards, businesses will seek to add to their bottom line at the expense of the public...
The offshore reinsurance tax debate resurfaces in Congress again
Oct 8 2007 // An industry executive, representing a coalition of 14 large U.S.-based insurance groups, told the U.S. Senate Finance Committee late last month that a major tax advantage for certain foreign insurance groups could threaten...
Workable competition
Oct 8 2007 // Declarations “We all like competition when it works but we’ve seen enough failures to know that without proper safeguards, businesses will seek to add to their bottom line at the expense of the public and the...
People
Oct 8 2007 // The Insurance Marketing Communications Association named its 2007/2008 slate of directors and officers, with Cora Barran of Farmers Insurance Group continuing as IMCA president for her second year. Barran is director of...
People
Oct 8 2007 // Louisiana Workers’ Compensation Corporation (LWCC) promoted Jamie Bourg to claims manager for the company’s large accounts team. Bourg will manage and direct the claims department, including claims handling and...
Figures
Oct 8 2007 // $55.5 million The tally for disaster aid to Texas residents and businesses affected by June 16 – Aug. 3 severe storms, tornadoes and flooding comes to $55,541,143, according to state and federal officials. The aid...
News Currents
Oct 8 2007 // Proponents push plans for natural catastrophe insurance solutions Federal backstop proposals aired at NAIC public hearing in Alabama The need for solutions to address insurance costs and availability in natural...
Fraud Roundup
Oct 8 2007 // Former Los Angeles agent sent to prison A former Los Angeles insurance broker surrendered himself to authorities after being convicted of two fraud counts, the California Department of Insurance reported. Gurjeet Singh of...
News Currents
Oct 8 2007 // The offshore reinsurance tax debate resurfaces in Congress again Domestic-owned insurers claim Bermuda-based companies hold an unfair tax advantage An industry executive, representing a coalition of 14 large U.S.-based...
Class Action Suit Filed Against N.J. Meat Plant, Markets
Oct 5 2007 // As government scientists searched for the source of a multistate E. coli outbreak linked to frozen hamburgers, a class-action lawsuit was filed Wednesday against the New Jersey producer of the patties and supermarkets that...
Possible Salmonella Prompts Kraft to Recall White Chocolate
Oct 5 2007 // Kraft Foods announced it is recalling white chocolate distributed in the United States because of possible salmonella contamination. Kraft said consumers who purchased its six ounce, Baker’s Premium White Chocolate...
Best Affirms Catlin’s Ratings; Outlook Now Stable; Company Comments
Oct 4 2007 // A.M. Best Co. has affirmed the financial strength ratings of “A” (Excellent) and the issuer credit ratings (ICR) of “a” of Bermuda-based Catlin Insurance Company Limited (CICL), Catlin Insurance...
Casey Joins Catlin US in Scottsdale
Oct 4 2007 // Catlin Group Ltd., an international specialty property/casualty insurer and reinsurer, announced that William P. Casey has joined Catlin US as managing director and senior vice president of Catlin Scottsdale, Ariz. Catlin...
With Its Food Repuation Battered, China Showcases 3 Model Exporters
Oct 3 2007 // First comes the “wind shower.” Wearing overalls and rubber boots, employees at Fusheng Food Co. in Qingdao stand in a narrow room as air jets in the walls blow away any dust on them. They wade through...
U.S. Risk Expands Brokerage Operations in Australia
Oct 3 2007 // Dallas, Texas-based U.S. Risk Insurance Group Inc., the seventh largest managing general agency and surplus lines wholesaler in the nation, expanded its operations by opening a brokerage operation in Sydney, Australia. The...
Canada’s TD Banknorth to Buy N.J.’s Commerce Bank; Sell Insurance Unit
Oct 2 2007 // Canada’s TD Bank Financial Group reports that it will acquire the Mid-Atlantic regional bank Commerce Bancorp Inc. in a 25 percent cash and 75 percent stock deal valued at $8.5 billion. If approved, the purchase...
U.S. P/C Insurers’ Reserving Likely To Remain Prudent, S&P Says
Oct 1 2007 // Will increased competition and lower pricing lead U.S. property/casualty insurers to skimp on reserves? Not according to a report published by Standard & Poor’s Ratings Services. The article, “For U.S....
Regulators Move to Align U.S. Reinsurance Regulation with Foreign
Sep 30 2007 // The nation’s insurance regulators are moving to modernize reinsurance regulation in the United States. The proposal — developed by a subgroup of the National Association of Insurance Commissioners’ (NAIC)...
