Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
People and Places
May 22 2006 // RLI Corp. of Peoria, Ill., has hired Craig Kliethermes as vice president of actuarial services. Kliethermes will report to Joseph Dondanville, chief financial officer and senior vice president. His responsibilities include...
Feeding the farmowners business
May 22 2006 // If you’ve been writing agricultural and farm insurance for years and think you know everything there is to know about the business, don’t bet the farm. Farm exposures have changed dramatically in the past 50...
Coverage issues at core of Hurricane Katrina-related litigation
May 22 2006 // The initial decisions from Hurricane Katrina lawsuits provide some comfort to both insurers and insureds and potential warnings to insurance agents. The amount of property damage caused by Hurricane Katrina in Mississippi...
People
May 22 2006 // RLI Corp. of Peoria, Ill., has hired Craig Kliethermes as vice president of actuarial services. Kliethermes will report to Joseph Dondanville, chief financial officer and senior vice president. His responsibilities include...
Avian Flu and the Property Casualty Industry
May 22 2006 // Insurance buyers are taking a close look at their insurance and risk management programs, looking for possible financial recourse in the event of an outbreak. It is therefore worthwhile to examine each line of coverage in...
U.S. insurers withstood record catastrophe losses in 2005
May 22 2006 // Strong capitalization, sound risk management and efficient global risk sharing enabled the U.S. property/casualty insurance industry to withstand record-setting catastrophe losses in 2005, according to Frank J. Coyne,...
Insuring Indian country
May 22 2006 // Indian tribes are no longer merely casino entrepreneurs or cigarette wholesalers. In conjunction with America’s largest corporations, Indians are now engaged in real estate development, banking and finance,...
Globally, one size does not fit all
May 22 2006 // As trade barriers fall and innovations in technology continue at a breakneck speed, more U.S. companies are reaching out and investing in international markets. U.S. businesses cannot ignore opportunities in the global...
U.S. Risk Opens Brett Woods & Assoc.
May 19 2006 // U.S. Risk Insurance Group has opened Brett Woods and Associates, a wholly owned subsidiary of the Group. Brett Woods will be president of this new company and the initial staff will consist of Rob Cahill, broker; Beverly...
AccuWeather Predicts Six Hurricanes Will Make Landfall
May 16 2006 // The AccuWeather.com Hurricane Center in State College, Pa. led by Chief Forecaster Joe Bastardi, has released its 2006 hurricane season forecast. An active hurricane season appears imminent, which could have major...
R&SA Q1 Operating Profits up 29% to $391 Million
May 12 2006 // The U.K.-based Royal & Sun Alliance (R&SA) posted strong operating results for the first quarter of 2006 with operating profits up 29 percent to £207 million ($391 million), compared to £160 million ($302...
Owens Corning Bankruptcy Plan Includes $5 Billion Asbestos Fund
May 12 2006 // Building products maker Owens Corning will pay more than $5 billion to asbestos claimants and as much as $2.27 billion to holders of bank debt as part of a plan to exit federal bankruptcy protection. The asbestos...
AXA Posts Strong Q1 Results
May 11 2006 // France’s AXA Group’s earnings figures for the first quarter of 2006 show strong growth in its three main sectors of operation – summarized as follows: — Life & Savings entities new business up...
Americans Increasingly Traveling Overseas for Cheaper Surgeries
May 10 2006 // Americans looking to save money on medical procedures are increasingly traveling overseas for surgeries not covered by their insurance to avoid costly hospital stays in the United States. The trend is being driven by...
White Paper Cautions Reliance on Near-term View of Hurricane Risk
May 10 2006 // AIR Worldwide Analysis Concludes That Significant Uncertainty AIR Worldwide Corporation (AIR) issued a white paper that reviews the current state of research on climatological impacts on hurricane activity and explains the...
Converium Confirms Successful April 1 Non-U.S. Treaty Renewals
May 9 2006 // Swiss-based Converium recorded successful renewals of its of non-life treaties as of April 1. The Company said it “bound non-life contracts of US$ 272.2 million or 99.5 percent of the business that was up for...
Agents Learn U.S. Insurers Withstood Record Catastrophe Losses with Strong Capitalization, Sound Risk Management
May 9 2006 // Strong capitalization, sound risk management and efficient global risk sharing enabled the U.S. property/casualty insurance industry to withstand record-setting catastrophe losses in 2005, but the industry also should keep...
lll. Attorney General, 38 others, oppose health plan pending in U.S. Senate
May 8 2006 // Illinois Attorney General Lisa Madigan sent a letter at the end of April to U.S. Senate members urging them to oppose a bill that would dramatically change the health insurance marketplace by preempting state-mandated...
READY, SET………..RECALL!!!
May 8 2006 // Protecting the consumer is the number one priority in a product recall. The challenge is, can you do so without crippling your business? For large and small consumer goods manufacturers and distributors, recalls can cost...
Mayfield: ‘2006 hurricane season CAN be worse than 2005’
May 8 2006 // With more than 55 million people living in coastal communities, the nation must learn its lesson from the 2004 and 2005 hurricane seasons and prepare now for what will happen after June 1, according to Max Mayfield,...
