Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Beazley Offers Employment Practices Liability for Mid-Sized Firms
Sep 21 2005 // Beazley, an insurer of specialty coverages, is offering an employment practices liability (EPL) policy to U.S. clients with up to 10,000 employees. The new policy will be offered in the admitted market and underwritten in...
ACE USA Increases Capabilities for International Advantage Coverage
Sep 21 2005 // ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, has expanded its insurance products to offer additional coverage for companies doing business overseas. The International Advantage Express...
TERROR SUITS AGAINST ARAB BANK PROCEED:
Sep 19 2005 // A U.S. judge in Manhattan upheld three lawsuits accusing the Jordan-based Arab Bank of promoting Palestinian suicide attacks by funneling Saudi money to bombers’ families. U.S. District Judge Nina Gershon denied six...
People & Places
Sep 19 2005 // Marjorie Dorr WellPoint, Inc.announced a series of leadership appointments, effective September 1, 2005, including naming Marjorie W. Dorr to the post of executive vice president and chief strategy officer. Mark Boxer...
Fitch: Katrina Causes Unprecedented Challenges/Risks for P/C Insurers
Sep 19 2005 // Circumstances surrounding Hurricane Katrina are unprecedented in many ways, said Fitch Ratings. So much so that the rating agency may need to reassess the core risk profile of the property/casualty insurance...
HURRICANE KATRINA: The Legal Saga Begins
Sep 19 2005 // Liability Claims Will Range Far-and-Wide for Years to Come The New Orleans tragedy may spawn a wave of litigation related to flood protection and levee failures. Public statements, which may serve as a foundation for...
U.S. Chamber Says Litigation Outbreak Will Slow Katrina Recovery Efforts
Sep 19 2005 // The U.S. Chamber Institute for Legal Reform (ILR) is warning that the financial devastation caused by Hurricane Katrina could be made worse by a rash of lawsuits that will delay and complicate recovery efforts for hundreds...
Climate Change Poses Major Threat to U.S. Insurance Industry
Sep 19 2005 // Report Warns of Dire Consequences Unless Industry, Government Act Hurricane Katrina is a reminder that U.S. insurers, government and consumers are at great risk from escalating losses from hurricanes and other...
Surveying the Damage: After Katrina, Can the Industry Withstand Another Disaster?
Sep 19 2005 // Hurricane Katrina could be called an industry nightmare. Some insurers were still reeling from the effects of the Asian tsunamis and last year’s four hurricanes. Yet when Katrina struck in late August, she forced...
Hurricane Katrina: The Legal Saga Begins
Sep 19 2005 // The New Orleans tragedy may spawn a wave of litigation related to flood protection and levee failures. Public statements, which may serve as a foundation for massive public safety legal claims, began Sept. 1. Based on the...
International Newsbriefs
Sep 19 2005 // European Insurers Estimate Katrina Losses: A disaster the scope of Hurricane Katrina hits everybody, not just U.S. carriers. The following are some of the preliminary estimates of anticipated losses from a number of...
Heat Waves Could Hurt California’s Energy Grid
Sep 19 2005 // More frequent and intense heat waves that are expected in California during the next 100 years could overburden the state’s electric utility grid, according to a study by the U.S. Department of Energy’s...
As the Hispanic Population Surges in the United States
Sep 19 2005 // Number of Latin-Owned Businesses Increases, Total Buying Power Also Rises By Cynthia Beisiegel The U.S. Hispanic population has seen phenomenal growth over the past several years, and along with that, a boom in...
ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, named Carl Bach executive vice presiden
Sep 19 2005 // InsurBanc, the financial services provider to independent insurance agents, has named David W. Tralka as its new president and chief executive officer. Tralka is replacing Michael Herlihy, who served as president since the...
Climate Change Poses Major Threat to U.S. Insurance Industry
Sep 19 2005 // Hurricane Katrina is a reminder that U.S. insurers, government and consumers are at great risk from escalating losses from hurricanes and other weather-related events, according to a report by a Boston-based investor and...
People
Sep 19 2005 // WellPoint, Inc. announced a series of leadership appointments, effective September 1, 2005, including naming Marjorie W. Dorr to the post of executive vice president and chief strategy officer. “As chief strategy...
Hurricane Katrina: The Legal Saga Begins
Sep 19 2005 // The New Orleans tragedy may spawn a wave of litigation related to flood protection and levee failures. Public statements, which may serve as a foundation for massive public safety legal claims, began Sept. 1. Based on the...
Insurance and the Echoes of History
Sep 19 2005 // Dr. Robert Moore, former senior vice president of Alexander & Alexander Services Inc. (now owned by Aon Corporation), and also past president of the National Association of Insurance Brokers, sat down recently with...
Mutual Trust & Respect Key to the Latino Insurance Market
Sep 19 2005 // In the mainstream population, decisions about which insurance provider or broker to do business with may be influenced by television, radio or the yellow pages phone directory. In the Latino community, people are more...
Weathering the storm
Sep 19 2005 // Hurricane Katrina could be called an industry nightmare. Some insurers were still reeling from the effects of the Asian tsunamis and last year’s four hurricanes. Yet when Katrina struck in late August, she forced...
