Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Assisted living and miscellaneous medical facilities spur new growth
May 7 2007 // Rise in numbers of surgicenters, medispas and clinics brings new risks and opportunities in professional liability An aging population and a demand for new and unique medical services in non-hospital settings are driving...
Commercial insurers’ stock trades down in first quarter; M&As slow as well
May 7 2007 // Stock Prices: Commercial line insurers’ stocks traded down 2 percent for the first quarter of 2007. The only company reporting significant stock gains for the first quarter was CNA Financial Corp. (NYSE:CNA) whose...
Another report details property/casualty insurers’ 2006 profitability, escape from storms
May 7 2007 // Warns falling prices mean profits are at, or are steadily, approaching the cyclical peak Another report on the insurance industry confirms and details what has been widely acknowledged: a sharp decline in catastrophes in...
U.S. probes 2005 W. Va. mine death
May 7 2007 // The federal Mine Safety and Health Administration has decided to investigate a fatal 2005 West Virginia coal truck accident after all. MSHA and the state Office of Miners’ Health, Safety and Training did not...
Ark. river levees need $4M in repairs, FEMA says
May 7 2007 // Miles of levees along the St. Francis River in Craighead County, Ark., have been deemed unacceptable by the Federal Emergency Management Agency, meaning homeowners there may need to purchase flood insurance if $4 million...
Weather Report
May 7 2007 // Estimating the potential costs of future weather related events, linked to climate change, is, at best, an inexact science; there are just too many variables. Nonetheless, a picture is emerging that, whatever happens, the...
Catching up on climate change
May 7 2007 // Recent mega-catastrophes such as Hurricane Katrina in the Gulf Coast have brought increased attention to the issue of global climate change and its impact on the insurance industry. Even so, most insurers have just begun...
Commercial insurers’ stock trades down in first quarter; M&As slow as well
May 7 2007 // Stock Prices: Commercial line insurers’ stocks traded down 2 percent for the first quarter of 2007. The only company reporting significant stock gains for the first quarter was CNA Financial Corp. (NYSE:CNA) whose...
News Currents
May 7 2007 // Another report details property/casualty insurers’ 2006 profitability, escape from storms Warns falling prices mean profits are at, or are steadily, approaching the cyclical peak Another report on the insurance...
US, China Criticize Climate Change Action Study, as EU Calls for Action
May 2 2007 // The European Union called on developing countries Tuesday to take action to reduce greenhouse gases, as delegates worked to finalize a report detailing measures needed to save the planet. The draft report from the...
Aspen to Release Q1 Results Today; Conference Call Details
May 2 2007 // Bermuda-based Aspen Insurance Holdings Limited will release its first quarter 2007 financial results today, May 2, 2007, following the closing of the U.S. markets. The Company will hold a conference call to discuss its...
U.S. Court Upholds Virginia Law Regulating Viatical Settlements
May 2 2007 // A federal appeals court has upheld a Virginia law that regulates the sale of life insurance benefits by terminally ill citizens strapped for cash to pay medical bills and other expenses. Such transactions, called...
Ark. River Levees Need $4M in Repairs Under New Guidelines
May 1 2007 // Miles of levees along the St. Francis River in Craighead County, Ark., have been deemed unacceptable by the Federal Emergency Management Agency, meaning homeowners there may need to purchase flood insurance if $4 million...
Report: U.S. Turned Away Foreign Aid Offered After Hurricane Katrina
May 1 2007 // In the wake of Hurricane Katrina’s devastation, the U.S. government failed to take advantage of millions of dollars in foreign aid from its allies, The Washington Post reported. The U.S. has collected about $126...
Hub Reports Strong 1st Quarter
May 1 2007 // Hub International Limited reported strong growth in revenue and net earnings for the first quarter ended March 31, 2007. First quarter 2007 revenue of $171.8 million represented a $37.7 million, or 28%, increase over first...
Aspen Appoints Warde President-U.S.
Apr 30 2007 // Bermuda-based Aspen Insurance Holdings Limited announced that Nathan Warde has been appointed President of Aspen Insurance U.S., with immediate effect. He will report directly to Chris O’Kane, Aspen’s...
Swiss Re Places A$750 Million Bonds
Apr 30 2007 // Swiss Re announced that it has successfully settled its first Australian dollar bond today with a perpetual subordinated step-up notes transaction, totaling A$750 million (US$620 million). Swiss Re noted that the...
New Chubb D&O Form Addresses Trends Outside the U.S.
Apr 30 2007 // In response to changes in insurance regulations and more stringent corporate governance requirements worldwide, the Chubb Group of Insurance Companies has introduced a Difference in Limits/Difference in Conditions...
U.S. Disaster Funds Approved for Flooded N.H. Counties
Apr 29 2007 // President Bush has approved New Hampshire’s request for a major disaster to be declared in the state as a result of recent flooding, heavy rain and wind. New Hampshire Sens. Judd Gregg and John Sununu made the...
First Quarter Catastrophes Cost U.S. Insurers $1.22 billion
Apr 27 2007 // U.S. property and casualty insurers are expected to pay some $1.22 billion for catastrophic events during the first quarter, including severe tornadoes in several southern states, according to a company that tracks...
