Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
U.S.I. Holdings Acquires Houston Company
Dec 30 2003 // U.S.I. Holdings Corporation announced the acquisition of substantially all the operating assets of Houston-based The Benefits Team (TBT). TBT has been providing employee benefits to middle market clients since 1996. USI...
Italy’s Parmalat Collapse Felt in U.S. – $1.6 Billion Says Moody’s
Dec 24 2003 // The fallout from the collapse of Parmalat, the Italian dairy and food-processing group, is spreading ever wider. With commentators and analysts now calling it “Europe’s Enron,” it will undoubtedly affect...
P/C Industry’s Net Income Surges, But Slowing Premium Growth May Hamper Further Progress, Report Says
Dec 23 2003 // According to a report released by the Insurance Services Office Inc. (ISO) and the National Association of Independent Insurers, the U.S. property/casualty industry’s net income after taxes increased to $21.1 billion...
AIA Praises Central American Free Trade Agreement
Dec 19 2003 // The American Insurance Association noted that a new free trade agreement with Central American nations, which is expected to be presented to Congress early next year, “will encourage economic growth and help U.S....
AIA Says 2002 Rise in U.S. Tort Costs Reinforces Need for Civil Justice Reform
Dec 18 2003 // The recent release of Tillinghast – Towers Perrin’s study of 2002 U.S. tort costs finds total system costs totaling $233 billion, up 13.3 percent from 2001, further reinforcing the need for additional,...
Best Comments on Bermuda Insurance/Reinsurance Market
Dec 16 2003 // A.M. Best has issued a report commenting on the Bermuda insurance and reinsurance market. It notes that the 15 largest companies based on the island generated $28.6 billion in net premiums written and underwriting income...
New Hires Named at The McIntyre Group
Dec 16 2003 // New Jersey-based The McIntyre Group announced the hiring of two senior executives as the brokerage and consulting firm continues to expand the depth of its senior executive team. Thomas Kolongowski has been named marketing...
Top 10 2003 Newsmakers
Dec 15 2003 // While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s...
Terrorism: The Issue of the Moment at Dallas All Industry Day
Dec 15 2003 // “Dirty bomb” was the phrase of the day at the All Industry Day held Nov. 25 in Dallas—perhaps not so surprising, given the fact the conference was titled, “Confronting Terrorism, Not If But...
Top 10 2003 Newsmakers
Dec 15 2003 // While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s...
New Executive Hires Announced at The McIntyre Group
Dec 12 2003 // The McIntyre Group announced today the hiring of two senior executives as the brokerage and consulting firm continues to expand the depth of its senior executive team. Thomas E. Kolongowski, a seasoned producer, has been...
Swiss Re Forum Sees Opportunities for the Strongest Companies
Dec 11 2003 // Andreas Beerli, Head of Swiss Re’s P/C business in the Americas, speaking at the company’s Year-end Economic and Insurance Industry Review 2003/Outlook 2004 forum in New York yesterday, indicated that continued...
Weather-Related Disasters Cost $60 Billion in 2003
Dec 11 2003 // Delegates attending the current meeting of the United Nations Environment Programme (UNEP) in Milan heard a report, prepared by Munich Re, estimating that the cost of natural disasters, most of which were weather-related...
ACE USA Makes Available Mandatory Evacuation Product
Dec 10 2003 // ACE USA, the U.S.-based retail operations of the ACE Group of Companies, has introduced ACE EVAC, a new insurance product that provides coverage for businesses in U.S.-based coastal areas that incur business losses from a...
Swiss Re to Host Year-End Economic and Insurance Industry Review 2003/Outlook 2004
Dec 8 2003 // Swiss Re will host is annual conference on this year’s industry results, and the prospects for 2004, in New York City on, Wednesday, December 10, from 8:45 am to 10:00 am at Park Avenue Plaza, located at 55 East 52nd...
Equitas Summarizes 6 Month Results, Comments on Asbestos
Dec 5 2003 // Equitas, the Lloyd’s vehicle established to run-off liabilities incurred prior to 1992, has released a summary of its financial results for the six-month period ended Sept. 30, 2003. It makes a full report only at...
Franco-U.S. Clash Heats Up over Executive Life
Dec 4 2003 // The failure to reach a settlement agreement over the pending criminal charges in the Executive Life affair has already increased tensions between France and the U.S. as politicians and commentators from both countries...
9 Programs That May Just Fit the Bill
Dec 1 2003 // The December 2002 Insurance Journal “program directory” issue highlighted eight programs that the editorial staff considered to be unique, interesting or tough to find. This year we’ve added one more to...
Profitable or Not’ U.S. P/C Industry Struggles to Get Ahead
Dec 1 2003 // While U.S. property and casualty insurance carriers have worked hard in the past couple of years to follow the “return to underwriting” command, looking critically at the risks they’re insuring and...
9 Programs That May Just Fit the Bill
Dec 1 2003 // The December 2002 Insurance Journal “program directory” issue highlighted eight programs that the editorial staff considered to be unique, interesting or tough to find. This year we’ve added one more to...
