Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Kingsway Grows Net Income by 24% for 2005; Dividend Increases 25%
Feb 8 2006 // Canada-based Kingsway Financial Services Inc. reported financial results for the fourth quarter and year ended Dec. 31, 2005 (Cdn dollars except where indicated). Net income for the quarter increased 16% to $42.1 million...
Crawford & Co. Reports Fourth Quarter 2005 Results; ‘Cautious’ About 2006
Feb 6 2006 // Atlanta-based Crawford & Company has announced its financial results for the fourth quarter ended December 31, 2005. Fourth quarter 2005 revenues before reimbursements totaled $216.9 million compared with $205.8...
St. Paul Travelers reviews apparent setback
Feb 6 2006 // The United States Court of Appeals for the Third Circuit has voided on procedural grounds a July 2003 arbitration decision that was in favor of Travelers (St. Paul Travelers) in litigation brought by ACandS Inc. The 2003...
From DuPont Teflon to nanotechnology
Feb 6 2006 // Anticipating and assessing risk, along with defining and assigning value to units of exposure, are basic components of an insurance underwriter’s job. Challenging as those tasks are when examining well-known...
Risk models show industry burden under TRIA
Feb 6 2006 // The extension of the federal Terrorism Risk Insurance Act represents solvency protection in extreme events but is not an industry subsidy, according to risk modeling experts at Risk Management Solutions and AIR Worldwide...
Risk models show industry burden under TRIA
Feb 6 2006 // The extension of the federal Terrorism Risk Insurance Act represents solvency protection in extreme events but is not an industry subsidy, according to risk modeling experts at Risk Management Solutions and AIR Worldwide...
News Currents
Feb 5 2006 // St. Paul Travelers reviews apparent setback The United States Court of Appeals for the Third Circuit has voided on procedural grounds a July 2003 arbitration decision that was in favor of Travelers (St. Paul Travelers) in...
Emerging Risks
Feb 5 2006 // Anticipating and assessing risk, along with defining and assigning value to units of exposure, are basic components of an insurance underwriter’s job. Challenging as those tasks are when examining well-known...
News Currents
Feb 5 2006 // Risk models show industry burden under TRIA The extension of the federal Terrorism Risk Insurance Act represents solvency protection in extreme events but is not an industry subsidy, according to risk modeling experts at...
Best Assigns ‘A’ Ratings to SVB’s Lloyd’s Syndicates 2147 & 1007
Feb 1 2006 // In two separate announcements A.M. Best Co. said it has assigned a Best’s Syndicate Rating of “A” (Excellent) and an issuer credit rating (ICR) of “a” to Lloyd’s Syndicate 2147 and...
Chubb Sees Q4 Net Income of $614M; Up from 2004 Performance
Jan 31 2006 // The Chubb Corp. reported that net income in the fourth quarter of 2005 was $614 million or $2.92 per share, compared to $468 million or $2.39 per share in the fourth quarter of 2004. Operating income, which the company...
Guy Carpenter Unveils Report on Jan. 1 Property Reinsurance Renewals
Jan 31 2006 // Guy Carpenter & Company Inc. reported the publication of Property Specialty Update – 1 January 2006 Renewal Season Overview, an in-depth report on the Jan. 1, 2006 property renewal season. The study, which...
Older Adults More Likely Victims of Fires Than Others
Jan 27 2006 // Adults age 65 and older are 2.5 times more likely to die in fires than the overall population, and as Americans age, their fire risk increases, according to a new report by the Department of Homeland Security’s U.S....
D&O Liability Premiums Fall for Second Straight Year, Tillinghast Survey Says
Jan 26 2006 // Directors and officers liability insurance average premium index dropped another 9 percent in 2005 after dropping 10 percent in 2004, while half of all public and private companies have received D&O inquiries from...
N.Y. Officials Said to Approve Multi-Year Reinsurance Contracts
Jan 23 2006 // New York officials have reportedly reassured the insurance community that, despite concerns over some alleged abuses of finite reinsurance, the use of certain multi-year reinsurance contracts that might be classified as...
Emerging environmental risks pose problems for underwriters
Jan 23 2006 // Anticipating and assessing risk, along with defining and assigning value to units of exposure, are basic components of an insurance underwriter’s job. Challenging as such tasks are when examining well-known...
S&P Reports on Japan Captives
Jan 23 2006 // According to a new report – “Tighter Regulations Spark Rating Demand In Japan’s Growing Captive Insurer Market” – published by Standard & Poor’s Ratings Services; more attention is...
News Currents
Jan 22 2006 // Lloyd’s urges end to U.S. insurance ‘protectionism’ The U.S. should remove existing trade barriers to permit foreign reinsurers to lend more support in the event of another mega-disaster such as Hurricane...
Emerging environmental risks pose problems for underwriters
Jan 22 2006 // Anticipating and assessing risk, along with defining and assigning value to units of exposure, are basic components of an insurance underwriter’s job. Challenging as such tasks are when examining well-known...
Former Credit Lyonnais Chairman Offers Guilty Plea
Jan 20 2006 // A former chairman and chief executive officer of Credit Lyonnais pleaded guilty Thursday afternoon to two felony charges of causing Credit Lyonnais to make false statements to the Federal Reserve Bank. Jean Peyrelevade,...
