Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Meadowbrook Acquiring U.S. Specialty Underwriters
Apr 17 2007 // Meadowbrook Insurance Group, Inc. has agreed to acquire U.S. Specialty Underwriters, Inc. for a purchase price of $23.0 million. The purchase price is comprised of $13.0 million in cash and $10.0 million in Meadowbrook...
W. Va.: Mine Owners Seek Court Review of U.S. Air Requirements
Apr 13 2007 // The National Mining Association has asked a federal court to throw out a federal requirement that underground coal mines provide enough breathable air to keep trapped miners alive until they’re rescued. The...
Marsh Taps McGinnis to Lead U.S. Consumer Unit
Apr 13 2007 // Insurance broker Marsh Inc. has appointed Rob McGinnis as the leader of its U.S. Consumer Business, which includes the U.S. operations of the firm’s Affinity, Program, and Private Client Services...
Neb. Slaughterhouse Subject to Beef Ban Cited for Alleged Safety Violations
Apr 12 2007 // Four months after beef from a Hastings slaughterhouse was rejected in South Korea over fears of mad cow disease, the slaughterhouse owner faces $180,900 in fines related to 37 alleged safety and health violations. The...
Industry to Congress: Private Market Is the Best Solution on Natural Disasters, But Some Say Federal Help Needed
Apr 11 2007 // The private insurance marketplace, not the federal government, is the best vehicle to address coastal insurance issues and natural disasters in the U.S., according to insurers. Even so, the federal government can play a...
Solomon Disaster Exposes Earthquake Monitoring System Weaknesses
Apr 10 2007 // Two years before a deadly earthquake-triggered tsunami pummeled the Solomon Islands, scientist Fred Taylor’s request for U.S. funds to set up a Pacific seismic monitoring network was flatly rejected. Then there is...
AXA, Britt Paulk Partner on U.S. Aviation Program for Smaller Aircraft
Apr 10 2007 // AXA Corporate Solutions announce the launch of a new national General Aviation program for the U.S. that will be managed through a general agency relationship with Britt Paulk Insurance Agency, Inc. Together Britt Paulk...
Study: Class Actions Against Insurers Surged in 1990s; Many Resolved Behind Closed Doors
Apr 10 2007 // The number of class action lawsuits filed against insurance companies in the U.S. increased sharply during the 1990s prior to the passage of the federal Class Action Fairness Act of 2005 (CAFA), according to a RAND Corp....
It Figures
Apr 9 2007 // 3,500 The number of problems that federal railroad officials said they found with CSX Corp. railroad properties in 23 states, in a probe started in response to a series of accidents involving the company’s trains....
Contrary to the headlines, ID theft may be on the decline
Apr 9 2007 // Despite the impression given by cases in the news, identity theft appears to be actually dropping. The 2007 Identity Fraud Survey Report released by Javelin Strategy & Research provides information about the reduction...
Figures
Apr 9 2007 // The number of problems that federal railroad officials said they found with CSX Corp. railroad properties in 23 states, in a probe started in response to a series of accidents involving the company’s trains. The...
Figures
Apr 9 2007 // $5.26 million A hefty pay raise was given to State Farm Insurance’s chairman and CEO after the company posted a record profit last year. Chairman and Chief Executive Officer Ed Rust Jr. got a $5.26 million raise. He...
Business Moves
Apr 9 2007 // Nurses RRG, Florida Nurses Association Sophia Palmer Nurses Risk Retention Group, Inc. will offer malpractice insurance to Florida nurses in partnership with the Florida Nurses Association. The newly formed Risk Retention...
Business Moves
Apr 9 2007 // Argonaut, PXRE Argonaut Group Inc., a specialty underwriter headquartered in San Antonio, Texas, and PXRE Group Ltd., a Bermuda-based property reinsurer, agreed to a merger under which the combined entity will do business...
People
Apr 9 2007 // Dallas-based KMC Insurance Services promoted Warren Lee to vice president of its commercial lines department. Lee focuses on large commercial accounts, specializing in the home building, roofing, real estate development,...
Study claims U.S. ‘tort tax’ amounts to $865 billion cost each year
Apr 9 2007 // News Currents America’s legal system imposes an economic cost of more than $865 billion, or more than $9,800 per family, every year, according to a new study released by the Pacific Research Institute (PRI), a...
European Insurance Forum puts Ireland in the spotlight
Apr 9 2007 // Eighteen years ago an Irish insurance conference would have consisted of a broker and an underwriter from Dublin having a pint of Guinness in a pub (most likely in London). Times have changed. Since the founding of the...
A.M. Best cites 15 P/C insurers as financially impaired in 2006
Apr 9 2007 // Seventeen U.S. insurance companies became financially impaired in 2006, despite a respite for property/casualty insurers from two consecutive turbulent hurricane seasons and more diversified asset portfolios among...
U.S. Chamber Says Ohio Lead Paint Lawsuit is ‘Over-reach’
Apr 5 2007 // U.S. Chamber Institute for Legal Reform President Lisa A. Rickard released the following statement on the lawsuit filed against paint manufacturers by Ohio Attorney General Marc Dann: “Lawsuits that rely on the novel...
U.S. to Require Electronic Stability Control on Cars by 2012
Apr 5 2007 // In a move that the government says could ultimately save up to 10,000 lives each year on U.S. roadways, the nation’s top transportation official today announced plans to make new crash prevention technology standard...
