Latest USA Headlines

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,...

11 Defendants Indicted on Domestic Terrorism Charges; Blamed for Arsons

Jan 20 2006 // Eleven defendants have been indicted on charges including arson and destruction of an energy facility for allegedly participating in a campaign of domestic terrorism in five western states on behalf of the extremist Earth...

St. Paul Travelers Weighing Apparent Setback in Asbestos Litigation

Jan 20 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...

Study: 7% of American Workers Drink on the Job

Jan 13 2006 // Just over seven percent of American workers drink during with workday, mostly at lunch, and even more, nine percent, have nursed a hangover in the workplace, according to a study. Young, single men are tied most often to...

Renewals Are Late, but Premiums are Mostly Stable, Says Aon Re UK

Jan 13 2006 // Aon Re UK has issued an a bulletin following a renewals briefing in London yesterday, Jan.12, indicating that although the January reinsurance renewal season is running very late, premiums (rates) aren’t appreciably...

Ind. Farm Bureau Insurance Co. Supports Victims of Fraud: Agent Arraigned this Week

Jan 13 2006 // Indiana Farm Bureau’s Chief Executive Officer, Jerry Canada, recently voiced the company’s steadfast commitment to continue to work with investigators as well as to support policyholders who were victims of...

Tenn. Workers’ Comp Scheme Perpetrator Receives 108-Month Jail Term, Judge Orders $5M Restitution

Jan 13 2006 // Gary Linsey Slater has been sentenced by U.S. District Judge Jennifer Coffman in Lexington, Ky. to 108 months in prison and ordered to pay more than $5 million restitution to two insurance companies he defrauded in a...

Aon Issues 2006 Political & Economic Risk Map

Jan 11 2006 // “United States-based companies with business interests abroad will not be trading in a safer world in 2006,” according to Aon’s newly published annual global business risk analysis represented in its 2006...

U.S. Rep. Taylor Joins Lawsuit Against Mississippi Insurer

Jan 11 2006 // U.S. Rep. Gene Taylor, D-Miss., has joined the thousands of Mississippians suing State Farm Fire & Casualty Co., challenging the insurance company’s refusal to cover property losses resulting from Hurricane...

Lloyd’s Urges U.S. to End Foreign Insurers’ Trade Barriers

Jan 11 2006 // Barriers to trade must be removed to permit foreign reinsurers to lend more support in the event of another mega-disaster such as Hurricane Katrina, Lloyd’s chairman Lord Levene told New York business...

Guy Carpenter Issues Report on U.S. Reinsurance Renewals

Jan 9 2006 // Global risk and reinsurance specialist Guy Carpenter & Company, a unit of the Marsh & McLennan Companies, has published “U.S. Reinsurance Renewals at January 1, 2006,” its “annual review of...

Case, Gould Join U.S. Risk Brokers in Houston Office

Jan 6 2006 // U.S. Risk Brokers reported two new additions to its Houston office. Paul S. Case joined as vice president and Ruth E. Gould was added as a senior broker. Case has an extensive property background after serving 24 years at...

Euler Hermes Issues Global 2006 Economic Assessment

Jan 5 2006 // Euler Hermes ACI, a provider of trade credit insurance and risk mitigation information, has released a special global risk analysis report from its U.S. headquarters in Maryland. The company, a subsidiary of French insurer...

U.K. Experts Warn of Continuing, Evolving Global Terrorist Threats

Jan 5 2006 // A leading U.K. intelligence expert and a specialist in terrorist underwriting at Hiscox Plc have warned that the threat of terrorism will not diminish in the year ahead with the continued potential for attacks around the...

Hybrid Car Owners Get Premium Break from Travelers

Jan 5 2006 // Travelers personal lines, a member of St. Paul Travelers, said it plans to implement a 10 percent discount on auto insurance to hybrid vehicle owners in the U.S. beginning in February 2006. Travelers said it is the first...

RMS: New TRIA Structure Shifts Risk Burden to Insurance Industry

Jan 4 2006 // Newark, Calif.-based Risk Management Solutions (RMS) recently assessed the risk of terrorism and quantified how the terms of the December 2005 renewal of the Terrorism Risk Insurance Act (TRIA) would shift the relative...

Hurricane Katrina leveled Pascagoula, Miss., home of U.S. Sen. Trent Lott; He’s suing State Farm for damage

Jan 2 2006 // U.S. Sen. Trent Lott, R-Miss., is suing his insurance company over damages to his beachfront Pascagoula home, which was leveled by Hurricane Katrina. The law office of Richard “Dickie” Scruggs, Lott’s...

Jan 1 2006 // Jordan B. Lotsoff recently joined Integro as principal in the Casualty Practice Group in the Chicago office. Lotsoff, with more than 15 years experience in commercial insurance, will be responsible for complex casualty...

Hurricane Katrina Leveled Pascagoula, Miss., Home of U.S. Sen. Trent Lott; He’s Suing State Farm for Damages

Jan 1 2006 // U.S. Sen. Trent Lott, R-Miss., is suing his insurance company over damages to his beachfront Pascagoula home, which was leveled by Hurricane Katrina. The law office of Richard “Dickie” Scruggs, Lott’s...

Former Kansas City cop pleads guilty in insurance fraud scheme

Jan 1 2006 // Todd Graves, U.S. Attorney for the Western District of Missouri, reported that a former Kansas City, Mo., police officer pleaded guilty in federal court recently to a scheme to collect insurance on a fraudulent stolen car...