Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Federal Judge Backs Maine Law Requiring Compensation Disclosure by Benefit Managers
Feb 7 2005 // A federal judge has sided with the state of Maine in an industry challenge to the constitutionality of a state law that requires pharmacy benefit managers to disclose side payments from drug companies and other financial...
ACE USA Unveils ACE Spectra
Feb 7 2005 // ACE USA, the U.S.-based retail operations of The ACE Group of Companies has introduced ACE Spectra, an admitted insurance product that provides coverage for property damage and business interruption resulting from a...
Crossing the Border: Mexico Travel Offers Opportunities for Agents
Feb 7 2005 // Mexico is a country rich in cultural heritage and scenic landscapes. From colonial villages to majestic desert panoramas to pristine beaches, our bordering neighbor to the south offers something for everyone. Steeped in...
Barriers Remain for Commercial Traffic Between Mexico and the U.S.
Feb 7 2005 // The North American Free Trade Agreement, signed in 1992 by the United States, Canada and Mexico, was implemented in an effort to eliminate or reduce trade barriers between the three participating countries. In the area of...
CALIF. COMMISSIONER DELIVERS ARMENIAN GENOCIDE SETTLEMENT CHECKS:
Feb 7 2005 // California Insurance Commissioner John Garamendi helped deliver the first checks from a $20 million settlement of a class action lawsuit to resolve insurance claims stemming from the Armenian Genocide nearly 90 years ago....
Crossing the Border: Mexico Travel Offers Opportunities for Agents
Feb 7 2005 // Mexico is a country rich in cultural heritage and scenic landscapes. From colonial villages to majestic desert panoramas to pristine beaches, our bordering neighbor to the south offers something for everyone. Steeped in...
Swiss Re Economist Comments on Fed Rate Raise; Non-U.S. Markets
Feb 3 2005 // Swiss Re’s chief economist Kurt Karl endorsed the 25 basis point (bp) Federal Reserve increase in the target fed funds rate to 2.5 percent. “Slow and steady wins the race,” he noted. “We still...
Hearn Named CEO of Willis RE US
Feb 3 2005 // Willis Re, the reinsurance unit of Willis Group Holdings, has announced the appointment of Peter C. Hearn to the position of CEO of Willis Re US. Hearn assumes the position previously held by George Reeth. Reeth has been...
Aon’s Trade Credit 2005 Political and Economic Risk Map Notes Costs of Supply Chain Disruptions
Feb 2 2005 // Aon’s Trade Credit division has published its annual analysis of the world’s trade credit and political risk hotspots as illustrated in a new “2005 Political and Economic Risk Map.” The...
ACE USA Appoints Dennison as Regional Executive, Northwest Region
Feb 2 2005 // ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, today announced the appointment of Stephen D. Dennison as senior vice president and regional executive, Northwest Region. Based in San...
A.M. Best Upgrades Rating for The Hartford Steam Boiler Inspection and Insurance Co., Subs
Feb 1 2005 // A.M. Best Co. has upgraded the financial strength rating to A++ (Superior) from A+ (Superior) of Connecticut-based The Hartford Steam Boiler Inspection and Insurance Company (HSB) and its three group rated...
Marsh Reaches $850M Deal With N.Y. AG Spitzer and Insurance Department
Jan 31 2005 // Marsh & McLennan Companies, Inc. (MMC) today confirmed an agreement with the New York State Attorney General and the Superintendent of the New York State Insurance Department that resolves the actions that were...
Southeastern Mass. Payroll Scam Busted
Jan 27 2005 // Five individuals have been charged in federal court with participating in a massive tax and insurance fraud scheme in connection with their operation of temporary employment agencies in Southeastern Massachusetts. They are...
Calif. Commissioner Helps Issue $3 Million to Charity; Funds Initiate $20 Million Claim Settlement
Jan 27 2005 // California Insurance Commissioner John Garamendi on Wednesday helped deliver the first checks from a $20 million settlement of a class action lawsuit to resolve insurance claims stemming from the Armenian Genocide nearly...
McDonald Joins Cunningham Lindsey U.S. as VP
Jan 25 2005 // Cunningham Lindsey U.S. Inc. (CLUS), headquartered in Dallas, announced the addition of Darryl McDonald as vice president and regional manager. McDonald will be based in Dallas with full operational responsibility for a...
Impact on Other Agents of Conn. Verdict Against Nationwide Doubted
Jan 24 2005 // A recent $2.3 million jury verdict for wrongful termination in favor of a former Nationwide Insurance contract agent from Connecticut is unlikely to have any effect on independent agents or their companies, according to...
Can it Happen Here’ Tsunamis a Possible Threat to West Coast
Jan 24 2005 // Southeast Asia’s devastating tsunami has left many wondering if the threat could hit close to home. The reality is that tsunamis, in fact, have already made their mark on the West Coast, and the threat still remains...
TORT COSTS REACHED RECORD HIGH IN 2003
Jan 24 2005 // U.S. tort costs reached a record $246 billion in 2003, or about $845 per person, according to U.S. Tort Costs: 2004 Update from the Tillinghast business of Towers Perrin. This represents a 5.4 percent increase in tort...
Impact on Other Agents of Conn. Verdict Against Nationwide Doubted
Jan 24 2005 // A recent $2.3 million jury verdict for wrongful termination in favor of a former Nationwide Insurance contract agent from Connecticut is unlikely to have any effect on independent agents or their companies, according to...
Are We Repeating the Past — Again’
Jan 24 2005 // I fear we are entering a period of cyclical amnesia. We are once again setting aside underwriting discipline. Recent market forecasts are projecting deteriorating terms and conditions. In a collection of works titled...
