Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
U.S. Judge Weighs Holocaust Victims’ Settlement with Italian Insurer
Feb 2 2007 // A settlement between Holocaust victims, their relatives and an Italian insurance company may be the only chance for some victims to recover money, a judge said, but he delayed ruling on approval of the deal. U.S. District...
Report: ID Theft Down; Key Risk Factors Include Age, Income
Feb 2 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...
U.S. Risk Brokers Promotes Way
Feb 1 2007 // U.S. Risk Brokers, a subsidiary of U.S. Risk Insurance Group, announced that Tiffany Way has been promoted from associate broker to broker. She is located at U.S. Risk Brokers’ Austin, Texas, office. Way is...
Cunningham Lindsey U.S. Promotes Pastore
Feb 1 2007 // Cunningham Lindsey U.S. (CLUS), headquartered in Dallas, has promoted Assistant Vice President Laura Pastore to national account executive. Pastore joined CLUS in 2005 as a property analyst. In her new capacity, Pastore...
California AG Reaches $8 Million Settlement with Bayer Corp.
Jan 31 2007 // California Attorney General Jerry Brown has reached an $8 million, 30-state settlement with Bayer Corp. that will resolve an enforcement action initiated because of Bayer’s failure to adequately disclose safety risks...
Mich. Court Decision Upholds Insurance Code, Insurer Group Says
Jan 31 2007 // The American Insurance Association (AIA) today praised a ruling by the U.S. Court of Appeals for the Sixth Circuit that it says validates and upholds Michigan’s insurance code by rejecting duplicative methods for...
Biggest U.S. Companies Fail to Disclose Climate Change Risks to Investors, Study Says
Jan 31 2007 // Despite growing financial losses in various business sectors from climate change, over half of the nation’s 500 largest publicly traded companies are doing a poor job of disclosing climate change risks to their...
Calif. declares insurance claims emergency in wake of cold freeze
Jan 29 2007 // A recent proclamation by California Insurance Commissioner Steve Poizner is allowing out-of-state insurance adjusters to be dispatched to California’s agricultural community to assist in the state of emergency...
Bank of America Expands U.S. Insurance Operation with Lloyd’s
Jan 29 2007 // BA International Underwriters Ltd, a wholly-owned subsidiary of Banc of America Insurance Group, in conjunction with Lloyd’s of London, has established the Pembrace Casualty Insurance Syndicate to expand Bank of...
Sea of opportunity in the ocean marine market
Jan 29 2007 // Agents should know that coverage is often overlooked because most general policies exclude vessels and boats How big is the United States ocean marine marketplace? The U.S. ocean marine market is quite large and diverse;...
BRACING FOR THE “BIG ONE:” EARTHQUAKES JUST AS RISKY”
Jan 29 2007 // Although hurricanes have received wide attention in the media, earthquake exposure also should be a significant concern. Forecasts of potential damages indicate that earthquake destruction could be just as massive as that...
It Figures
Jan 29 2007 // $445 Billion Nearly half a billion dollars will be given to U.S. cities and regions to help reduce the risk of terror attacks on ports, transit systems and chemical plants, Homeland Security Secretary Michael Chertoff...
Commercial insurers’ stocks reflect 4th quarter profits, calm storm season
Jan 29 2007 // Stock Prices: Commercial insurers breathed a sigh of relief in the fourth quarter as the 2006 hurricane season officially ended with only minor losses, a dramatic contrast from a year ago. Insurers’ stock prices...
Eqecat Analysis Predicts Risk for Insured Losses from U.S. Hurricanes Higher
Jan 29 2007 // Oakland, Calif.-based Eqecat Inc. is predicting that in the next decade, the risk for insured losses from hurricanes in the United States will be higher than the long-term average derived from 100 years of data, according...
Biggest U.S. property cat losses in 2006 were away from coasts
Jan 29 2007 // Property casualty insurers increasingly steered clear of the water out of fear of catastrophe losses during the past year. But while they were keeping a wary eye on the coasts in 2006, and escaped relatively unscathed in...
Report: Customer satisfaction doesn’t guarantee loyalty
Jan 29 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
Jan 29 2007 // Lloyd’s of London announced that Julian James, director-worldwide markets, will be leaving at the end of April to join Lockton International. He has been responsible for all Lloyd’s commercial activities...
Business Moves
Jan 28 2007 // Goldman Sachs, USI Holdings Insurance broker USI Holdings Corp. agreed to be acquired by GS Capital Partners, a private equity affiliate of Goldman, Sachs and Co., in a transaction valued at approximately $1.4 billion,...
8 Customer satisfaction doesn’t guarantee agent, insurer loyalty
Jan 28 2007 // U.S. has second-highest level of satisfaction 9 Calif. Commissioner Poizner sworn in Vows to keep office independent, nonpartisan 10 Calif. declares claims emergency Freezing temperatures create citrus losses 12 Biggest...
Commercial insurers’ stocks reflect 4th quarter profits, calm storm season
Jan 28 2007 // Stock Prices: Commercial insurers breathed a sigh of relief in the fourth quarter as the 2006 hurricane season officially ended with only minor losses, a dramatic contrast from a year ago. Insurers’ stock prices...
