Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Insurance Auto Auctions Announces Improved Q3 Results
Nov 10 2005 // Insurance Auto Auctions Inc., a provider of automotive salvage and claims processing services in the United States, announced record vehicle returns during the third quarter. These results were driven by increased buying...
Best Issues Special Report on Rated Non-U.S. Captives
Nov 8 2005 // AM. Best Co. has issued a special report focusing on A.M. Best-rated captives domiciled outside the United States. It is a companion to a report on domestic captives, Best issued in August. According to Best’s...
Like A Virus
Nov 7 2005 // Technology and Information Risk Infect Traditional Businesses Following the “burst” of the dot-com bubble in 2001, business consumers of information technology have become more demanding of the technology...
Litigation as Corporate Reality
Nov 7 2005 // Key findings in the Fulbright & Jaworski 2005 Litigation Trends Survey: 1) Litigation Dockets — Eighty-seven percent of U.S. companies are engaged in some form of litigation in the U.S. Twenty percent had one to...
Litigation Costs, More Than Winning, Haunt U.S. Corporate Lawyers
Nov 7 2005 // Nearly 90% of U.S. corporations juggle multiple lawsuits. Litigation has become the great equalizer of the modern corporation. Regardless of size, industry or location, there is certain to be a sizeable number of disputes...
SAFECO INSURANCE CEO RETIRING; WILL RUN FOR U.S. SENATE
Nov 7 2005 // Insurance executive Mike McGavick, who is retiring as chief executive officer of Safeco Insurance, has announced his bid for Senator of Washington. For the past three months, McGavick said he has been exploring whether he...
Ohio Supreme Court OKs Geographic Limitations on UM Coverage
Nov 6 2005 // The Ohio Supreme Court handed down an opinion on Oct. 12 holding that the former uninsured motorist (UM) law did not prohibit insurers from limiting the geographic scope of UM coverage and that the State Farm policy in...
Nearly 90 Percent of U.S. Corporations Juggle Multiple Lawsuits
Nov 6 2005 // Litigation has become the great equalizer of the modern corporation. Regardless of size, industry or location, there is certain to be a sizeable number of disputes diverting the resources of American businesses. Nearly 90...
Litigation Costs, More Than Winning, Haunt U.S. Corporate Lawyers
Nov 6 2005 // Nearly 90% of U.S. corporations juggle multiple lawsuits. Litigation has become the great equalizer of the modern corporation. Regardless of size, industry or location, there is certain to be a sizeable number of disputes...
News Briefs
Nov 6 2005 // California CDI Amends Proposed “Action Notice” Filing Regulations The California Department of In-surance has deleted a section of proposed regulations that would have required insurers to notify CDI when a...
Like A Virus
Nov 6 2005 // Following the “burst” of the dot-com bubble in 2001, business consumers of information technology have become more demanding of the technology resources, services and products they use. Information management,...
Converium to Restate Financial Accounts; Delays Q3 Report
Nov 4 2005 // Swiss reinsurer Converium announced that it will restate its financial accounts as soon as it has completed “an extensive internal review of certain reinsurance transactions and engaged outside counsel to assist the...
AWAC Post $203.5 Million Q3 Loss; $67.6 Million for 9 Months
Nov 4 2005 // Allied World Assurance Holdings, Ltd. [AWAC] has reported a net loss of $203.5 million for the third quarter of 2005, compared to a net loss of $64.7 million for the same period last year. The figure reflects a $290...
Best Affirms Munich Re, American Re FSR; Removes from Review; Assigns Negative Outlook
Nov 4 2005 // A.M. Best Co. announced rating actions on Germany’s Muenchener Rueckversicherungs (Munich Re) and its U.S. subsidiary American Re Corporation Group. Best affirmed its financial strength ratings on the companies,...
Stevoff Named Colemont’s U.S. COO
Nov 2 2005 // Dallas-based Colemont Corporation announced that David Stevoff has been named chief operating officer of Colemont Brokerage Group, its U.S. subsidiary. In this newly created position, Stevoff will have responsibility for...
U.S. RE Takes Lead on Public/Private Facility for Terrorism Reinsurance
Oct 28 2005 // While backers of an extension of the federal terrorism reinsurance program are still hoping that at least a short term fix will be approved before the Terrorism Risk Insurance Act officially expires at year’s end,...
Woman Who Took Insurance Case to Supreme Court Wins Settlement
Oct 28 2005 // Farmers Insurance has paid $760,000 to a 62-year-old Irish woman who successfully argued her claim before the state Supreme Court, despite having no college degree or legal training. Mary Mulcahy, of Seattle, was injured...
Fitch: Hurricane Wilma Further Strains a Delicate Florida Insurance Market
Oct 26 2005 // Fitch Ratings today said Hurricane Wilma represents a major blow to an already weak Florida property insurance market. If actual insured losses come in at the high end of the estimated range ($4 billion to $10 billion),...
Castle Inspection Service and MS/B Form Strategic Alliance
Oct 24 2005 // Partnership Means Superior Service for Combined Customer Base Salt Lake City, Utah and Los Angeles – Castle Inspection Service (Castle) and Marshall & Swift / Boeckh (MS/B), an MDA company, are pleased to...
ACE Makes Appointments in Midwest
Oct 24 2005 // ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, today announced that Kelley Kinsella has been named senior vice president and regional business development manager for ACE USA’s...
