Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Commercial lines prices up 7%; carriers reap benefits of higher renewals
Nov 19 2006 // Stock Prices: Commercial lines stock prices were up 7 percent through the first nine months of 2006. In October, insurers reported dramatic changes from 2005 third quarter earnings that were dominated by catastrophe losses...
The globalization of corporate responsibility
Nov 19 2006 // Nortel Networks – $2.4 billion settlement; Royal Ahold – $1.1 billion settlement; Vivendi Universal – billion dollar settlement pending. None of these companies are U.S.-based (they are Canadian, Dutch...
1 in 4 in U.S. sayfinancial, personal information stolen
Nov 19 2006 // More than one in four Americans say their financial information or personal information has been stolen, sometimes by someone they knew, according to a recent survey. The study done for Experian, the credit rating agency,...
Beazley Names New Senior Underwriter of Central Region Based Chicago
Nov 17 2006 // Beazley Group plc announced that to strengthen its U.S. commercial property team ahead of its launch in the admitted market the company has hired Neil Brown as the senior underwriter for its central region, based in...
Guy Carpenter Comments on Catlin Cat Bond Placement
Nov 14 2006 // Guy Carpenter, the global risk and reinsurance specialist of the Marsh & McLennan Companies and its affiliate MMC Securities Ltd., noted their role as advisors in the completion of a multi-territory, multi-peril...
Some Ask, Did Green Party Cost Democrats Control of Michigan Senate?
Nov 13 2006 // Did Green Party cost Democrats control of Michigan Senate? One of the main reasons Republicans were swept from power was the Iraq war. Ironically, it may have helped preserve their long-standing lock on the Michigan...
U.S. Casino Mogul Files Claim with Lloyds
Nov 13 2006 // Casino mogul Steve Wynn lost $139 million but got to keep one of his favorite paintings when he accidentally poked a hole in a Picasso last month. Now it will cost Wynn $85,000 to repair the damage to the art work, if not...
Commentary: In an Electoral Defeat – Echoes of the ‘Great War’
Nov 10 2006 // As the Republican Neo-Con Light Brigade charged into the Democratic Valley of Death on Tuesday Nov. 7th, echoes of another far off war could be heard. It will be 88 years on Saturday that the guns finally fell silent,...
AWAC Reports $114 Million Q3 Net Income; $314.5 Million for 9 Months; Conference Call Details
Nov 9 2006 // Bermuda-based Allied World Assurance Company Holdings (AWAC) reported net income of $114 million, or $1.89 per diluted share, for the third quarter 2006 compared to a net loss of $283.4 million, or $5.65 per diluted share,...
CLUS Adds Makowski as Director, Marine Services
Nov 8 2006 // Dallas-based Cunningham Lindsey U.S. (CLUS) added Stephen J. Makowski to its staff as director, Marine Services U.S. He will be domiciled at Newark, Del.. Makowski brings over 30 years of marine surveyor and marine...
Lloyd’s James Tells PCI Threats to Industry Still Exist
Nov 7 2006 // Julian James, Lloyd’s Director Worldwide Markets, told delegates at the PCI Conference in Seattle that, despite the industry’s “current good fortune, I could make a strong case that we are still standing...
Half of Airports Lack Runway Safety Zone, Reports FAA
Nov 7 2006 // More than half of U.S. commercial airports do not have a 1,000-foot (305 meter) margin at the end of a runway, an overrun area, which the U.S. government says is needed as a safety zone, according to a new report. Some of...
Under Construction: The Green Property Insurance Market
Nov 7 2006 // Douglas G. Hotchkiss, owner of the Dallas, Texas-based Hotchkiss Insurance Agency, hadn’t thought much about building “green” or environmentally-friendly structures. But he now says, “it’s a...
Former Enron CEO Skilling sentenced to 24 years, 4 months
Nov 6 2006 // Standing before a federal judge and pleading for his life, Jeffrey Skilling looked contrite, hands folded below his waist, his voice at one point halting as he talked about Enron Corp., the failed company he headed and...
Wildlife making highways hazardous
Nov 6 2006 // The increasing number of motorists and deer in Texas are leading to a greater frequency of collisions between the two on the state’s roadways. Cooler weather and the annual rut season should make for even more...
New coverage aims to provide benefits when partners part ways
Nov 6 2006 // If John Logan has his way, sometime in the very near future, people across the globe will be able to purchase insurance coverage against the potential financial devastation often caused by divorce. Logan, chairman and CEO...
The virtual, global economy humbles insurance leaders
Nov 6 2006 // Insurance agents and executives have a lot to worry about as the fast-paced virtual economy takes hold. According to futurist Edie Weiner, they are right to be worried. She says there are a lot of risks ahead and given the...
New Markets
Nov 6 2006 // Privacy and Security Coverage Enhancements Nuts & Bolts: Underwriting manager and claims administrator Euclid Managers LLC have a set of security and privacy coverage enhancements that can be endorsed onto any of the...
UNDER Construction: The Green Property Insurance Market
Nov 6 2006 // Douglas G. Hotchkiss, owner of the Dallas, Texas-based Hotchkiss Insurance Agency, hadn’t thought much about building “green” or environmentally-friendly structures. But he now says, “it’s a...
Litigation trends continue to mount worldwide, report says
Nov 6 2006 // Insurers face five times the average number of lawsuits than other economic sectors Insurance companies are the litigation champions confronting an average of 1,696 lawsuits, spanning from product liability and...