Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
News Currents
Sep 24 2007 // Report: Insurers did not shift wind claims p:”Our sample revealed no evidence that wind damages were improperly attributed to flooding,” the Department of Homeland Security reported after reviewing 98 flood...
U.S. fire report: More fires; fewer deaths and injuries; rise in property losses
Sep 24 2007 // Fire departments in the United States responded to an estimated 1.6 million fires during 2006. These fires caused 3,245 civilian deaths and 16,400 injuries, according to the National Fire Protection Association (NFPA). The...
Prospects and pitfalls in a changing global insurance world
Sep 24 2007 // No European city has recently changed as much as Berlin (with the possible exception of Dublin). Since the fall of the wall in 1989, its 3.4 million residents have experienced an unprecedented building boom, as the German...
U.S. reinsurers report premiums dropped in 2Q
Sep 24 2007 // The Reinsurance Association of America (RAA), a group of 22 U. S. property and casualty reinsurers, reported writing $12.2 billion of net premiums during the six-months ended June 30, 2007, a decrease of $7.5 million from...
Insurers have manageable exposure to subprime turmoil, report says
Sep 24 2007 // The vast majority of U.S. insurers have little or no exposure to the volatility in the subprime mortgage market because a substantial percentage of their investments are in the highest-rated bonds or stocks with no direct...
U.S. report: Private insurers overpaid by national flood program
Sep 24 2007 // The federal government may be overpaying private insurers for their operating costs associated with the National Flood Insurance Program (NFIP), a recent report said. The government’s payments to insurance companies...
Figures
Sep 24 2007 // 65 New U.S. census figures show that the Twin Cities of Minneapolis/St. Paul rank fourth in the nation in the percentage of seniors working past age 65. Of Twin Cities residents in their late 60s and early 70s, more than...
Exporters’ insurance: A world of opportunity
Sep 24 2007 // Companies moving into international markets could be exposed to risks not insured under domestic policies In the past 10 years, it has become much easier for U.S. companies to venture into the global marketplace. Advances...
People
Sep 24 2007 // The National Association of Professional Surplus Lines Offices has named its officers and directors for the 2007-2008 term. The new NAPSLO president is Mary Ellen Rozzell, who is with Continental/Marmorstein & Malone...
News Currents
Sep 24 2007 // Another Katrina levee failure case heard by La. appeals court Oral arguments in a lawsuit over whether an insurance company must pay for damage from the failure of levees in New Orleans after Hurricane Katrina were heard...
Business Moves
Sep 24 2007 // Endurance Specialty, ARMTech Endurance Specialty Holdings Ltd., a Bermuda-based provider of property and casualty insurance and reinsurance, reported that one of its U.S. based holding companies is buying out ARMtech...
People
Sep 24 2007 // The National Association of Professional Surplus Lines Offices selected officers and directors for the trade association’s 2007-2008 term. The new officers are: President – Mary Ellen Rozzell,...
Fraud Roundup
Sep 24 2007 // Everett man gets three years for arson A man who admitted torching a friend’s grocery store in Everett, Wash., in a plan by the two to collect insurance has been sentenced to three years in prison. Naveed Khan, 25,...
Business Moves
Sep 24 2007 // HRH, Bank of America Insurance broker Hilb Rogal & Hobbs Co. has agreed to purchase Banc of America Corporate Insurance Agency, L.L.C., a segment of Bank of America, N.A., and a middle market insurance intermediary in...
U.S. report: Private insurers overpaid by national flood program
Sep 24 2007 // The federal government may be overpaying private insurers for their operating costs associated with the National Flood Insurance Program (NFIP), a recent report said. The government’s payments to insurance companies...
IISS Sees Increasing Terrorist Threats
Sep 24 2007 // While global warming may ultimately prove to be the biggest crisis the world’s people have ever faced, it’s not as immediate a threat as that posed by global terrorism. After Sept. 11 and the Madrid and London...
Another Katrina levee failure case heard by La. appeals court
Sep 24 2007 // Oral arguments in a lawsuit over whether an insurance company must pay for damage from the failure of levees in New Orleans after Hurricane Katrina were heard by Louisiana’s 4th Circuit Court of Appeal on Sept....
Children Could Be Getting Soft-Soled Clogs Caught in Escalators
Sep 24 2007 // At rail stations and shopping malls around the world, reports are popping up of people, particularly young children, getting their toes caught in escalators. The one common theme seems to be the clunky, soft-soled clogs...
Ariel Acquiring Zurich’s Valiant for Launch of U.S. Specialty Carrier
Sep 20 2007 // Bermuda-based Ariel Holdings Ltd. reports it will acquire Valiant Insurance Co. from Zurich North America Commercial Group. Ariel Holdings Ltd. said it has established a U.S. based insurance holding company, Valiant...
Dole Recalls Salad Mix in Latest E. Coli Scare
Sep 20 2007 // A package of Dole salad mix that tested positive for E. coli has triggered a recall in at least nine states, prompting new produce fears almost exactly a year after a nationwide spinach scare. The tainted bag of...
