Latest USA Headlines

People and Places

Feb 26 2007 // Boston-based Risk Specialists Cos. Inc., a member company of American International Group Inc., has appointed David A. Jordan as chief operating officer. Jordan will continue as a senior vice president of Lexington...

Third-generation industry executive shares insight on regulatory matters

Feb 26 2007 // Sullivan discusses reinsurance collateralization, surplus lines regulation reform Gerald Sullivan, chairman of Los Angeles-based The Sullivan Group, has been said to have grown up reading insurance rating manuals instead...

Report: Customer satisfaction doesn’t guarantee loyalty

Feb 26 2007 // The insurance industry needs to improve its customer retention strategies, because a satisfied customer isn’t always a loyal one, according to the World Insurance Report, an international study of more than 10,000...

People and Places

Feb 26 2007 // Covington, La.-based First Premium Insurance Group Inc., a regional property and casualty insurance broker, added a new team member, Crystal DePascual. DePascual joined First Premium’s staff as marketing...

People and Places

Feb 26 2007 // The Property Casualty Insurers Association of America named Cliston Brown as the organization’s director of federal public affairs. Brown comes to PCI after three years with the Independent Insurance Agents &...

Insurance company run-off management strategies face obstacles

Feb 26 2007 // The U.S. insurance industry should be paying greater attention to the run-off market, according to a study published by PricewaterhouseCoopers’ (PwC) Insurance Restructuring Group. The “US Discontinued...

Third-generation industry executive shares insight on regulatory matters

Feb 26 2007 // Sullivan discusses reinsurance collateralization, surplus lines regulation reform Gerald Sullivan, chairman of Los Angeles-based The Sullivan Group, has been said to have grown up reading insurance rating manuals instead...

A new direction for directors and officers coverage

Feb 26 2007 // Changes in attitudes, lawsuits, statutes worldwide force global companies to buy locally-admitted D&O A company that acquires a new property in a foreign country will usually review its property and casualty insurance...

Feb 25 2007 // People The Property Casualty Insurers Association of America named Cliston Brown as the organization’s director of federal public affairs. Brown comes to PCI after three years with the Independent Insurance Agents...

Business Moves

Feb 25 2007 // Royal & Sun A state hearing officer recommended Delaware’s insurance commissioner approve the proposed management buyout and eventual dissolution of Royal and Sun Alliance Insurance Group’s U.S....

People

Feb 25 2007 // Covington, La.-based First Premium Insurance Group Inc., a regional property and casualty insurance broker, added a new team member, Crystal DePascual. DePascual joined First Premium’s staff as marketing...

News Currents

Feb 25 2007 // Report: Customer satisfaction doesn’t guarantee loyalty The insurance industry needs to improve its customer retention strategies, because a satisfied customer isn’t always a loyal one, according to the World...

News Currents

Feb 25 2007 // Insurance company run-off management strategies face obstacles The U.S. insurance industry should be paying greater attention to the run-off market, according to a study published by PricewaterhouseCoopers’ (PwC)...

Third-generation industry executive shares insight on regulatory matters

Feb 25 2007 // Gerald Sullivan, chairman of Los Angeles-based The Sullivan Group, has been said to have grown up reading insurance rating manuals instead of Mother Goose books. He is the third generation to enter the insurance business...

A new direction for directors and officers coverage

Feb 25 2007 // Even though they may not be compelled by law to buy locally admitted D&O insurance, many companies may find that the global solution they’ve purchased for years is no longer satisfactory. A company that acquires...

U.S. Plans Shift in Meat, Poultry Plant Inspections

Feb 23 2007 // Stepped-up inspections at some meat and poultry plants are set to begin in April, according to an Agriculture Department official overseeing the first overhaul of food safety inspections in a decade. The new policy is...

U.S. Rep. Backs Maine Effort to Repeal Federal Drivers License Act

Feb 23 2007 // U.S. Rep. Tom Allen joined with a group of Democratic state lawmakers at the Maine State House on Tuesday to amplify his call for the repeal and replacement of the federal homeland security law known as the Real ID...

IMS Starts New Healthcare Wholesale Division

Feb 23 2007 // Houston-based Wholesale broker IMS Insurance Market Solutions has started a Healthcare Division. Leading the division is Linda Morse, who most recently was vice president and Houston Healthcare manager for U.S. Risk...

Fairfax Q4 Net $159 Million; $227 Million Full Year

Feb 23 2007 // Toronto-based Fairfax Financial Holdings recorded net earnings in US dollars of $159.1 million for the fourth quarter of 2006 and $227.5 million for the 2006 year ($8.45 and $11.92 per diluted share, respectively). The...

Ind. Senator: Insurers Should Be Voice on Energy Alternatives, Climate Changes

Feb 22 2007 // If the United States is to move beyond a petroleum-based economy, it will require a stronger commitment by government, industry, and non-governmental leaders, U.S. Sen. Richard G. Lugar said recently in a wide-ranging...