Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
U.S. legal precedents assume larger role in corporate oversight
Nov 6 2006 // European PLUS conference explores an emerging international D&O market Maybe it’s part of the globalization process; maybe it’s due to the increasing sophistication of private investors and fund managers,...
Former Enron CEO Skilling sentenced to 24 years, 4 months
Nov 5 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 5 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...
News Currents
Nov 5 2006 // New coverage aims to provide benefits when partners part ways 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...
The virtual, global economy humbles insurance leaders
Nov 5 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 5 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
Nov 5 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 5 2006 // News Currents Insurance companies are the litigation champions confronting an average of 1,696 lawsuits, spanning from product liability and environmental class actions to directors and officers claims, and even coverage...
U.S. legal precedents assume larger role in corporate oversight
Nov 5 2006 // Maybe it’s part of the globalization process; maybe it’s due to the increasing sophistication of private investors and fund managers, or maybe it’s the legal profession prospecting for additional income...
U.S. Considers Mandating Sprinkler Systems in All Nursing Homes
Nov 3 2006 // All nursing homes could soon be required to have sprinkler systems, a move aimed at updating an estimated 2,500 older facilities around the country. The federal agency that oversees the safety of nursing homes has asked...
Aon Proposes Changes to U.S. and U.K. Defined Pension Plans
Nov 3 2006 // Chicago-based Aon Corp. recently announced proposed changes to its U.S. and U.K. defined benefit pension plans to maintain competitive retirement benefits for its employees while reducing future pension costs, according to...
1 in 4 in U.S. Say Financial, Personal Information Stolen
Nov 2 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 survey released this week. The study done for Experian, the credit...
Guy Carpenter Releases Annual Review of U.S. Tort Law Developments
Nov 2 2006 // The most important tort law development of 2006 is still up for grabs, with the U.S. Supreme Court expected to rule on Philip Morris’ appeal of a $79.5 million punitive damage judgment in a lawsuit brought in Oregon,...
Lloyd’s Releases Second ‘360 Report’ on Climate Change
Nov 1 2006 // Lloyd’s has released the second installment of its “360 Climate Change” series, entitled “What next for climate change?” Last June it published the first installment, entitled “Climate...
XL Conducts U.S. Portion of China Insurance Training Program
Nov 1 2006 // Bermuda-based XL Capital Ltd. has launched the final module of an executive training and development program for China insurance regulators and executives. “The educational initiative, known as the China Insurance...
Best Issues Special Report on Canadian Auto Insurance Industry
Oct 31 2006 // “During the past 10 years, the Canadian automobile insurance industry’s underwriting results have changed dramatically as reflected by the significant variations in the direct loss ratio,” concludes a...
Court Affirms Limit on Replacement Cost for World Trade Center
Oct 31 2006 // The replacement cost insurance policies on the World Trade Center entitle the insureds to monies sufficient to rebuild the buildings as they were prior to being destroyed in the terrorist attack of September 11, 2001, but...
Catlin/Wellington Finalize Share Offer; Merger to Create Lloyd’s Largest Underwriter
Oct 30 2006 // The Boards of Directors of Catlin Group Limited and Wellington Underwriting Plc have agreed on the terms of a recommended Offer to be made by Catlin for the whole of the issued and to be issued share capital of Wellington....
Regional Reporting Inc. Announces Calculations Milestone
Oct 27 2006 // New Technology Helps Keep Industry Veteran on Top Stamford, CT – National consulting and insurance services firm Regional Reporting, Inc., announced today that its customers have completed more than 100,000...
Everest Re Posts $240.2 Million Q3 Operating Income
Oct 25 2006 // Everest Re Group, Ltd. joined a growing list of Bermuda-based insurers who have seen their third quarter profits rebound sharply from last year’s disastrous results. The Group reported third quarter 2006 after-tax...
