Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
S&P Revises R&SA Entities Outlook to Negative
Jul 9 2003 // Standard & Poor’s Ratings Services announced that it has revised its outlook on various entities of U.K.-based Royal & Sun Alliance Insurance Group PLC to negative from developing. However, S&P...
AXIS Announces New Bermuda-based Financial Lines Capability
Jul 8 2003 // AXIS Capital Holdings Limited announced today that as of July 7, it will provide Directors & Officers Liability Insurance and other financial lines coverages through its Bermuda-based subsidiary, AXIS Specialty...
U.S. Supreme Court Defeats Holocaust Law
Jul 7 2003 // The U.S. Supreme Court last month defeated a California law that required insurance companies to provide information about all of their Holocaust-era policies. In a 5-4 vote, the High Court decided that California’s...
Latino Market Heats Up
Jul 7 2003 // It is nearly impossible to deny the impact the burgeoning Hispanic population has and will have on American culture and its markets. The marketplace for insurance is no exception. Hispanics are now the country’s...
A.M. Best Affirms Goshawk Re ‘A-‘ Rating
Jul 2 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of A- (Excellent) of Bermuda-based Goshawk Reinsurance Limited with a stable outlook. “The rating affirmation reflects the company’s...
AXA Files Form 20-F With the SEC; Reduces Income Figures
Jul 1 2003 // France’s AXA SA announced that, following discussions, it has filed its Annual Report on Form 20-F for the year ended December 31, 2002 with the Securities and Exchange Commission. The figures were compiled using...
Former Gov. of Philippines Booked on $2 Mil Felony Warrant
Jun 30 2003 // Eduardo Rodriguez, 61, a former governor of Quezon Province in the Philippines, was held to answer on multiple charges, including reportedly faking the deaths of his mother-in-law and wife to illegally collect more than...
U.S. Risk Opens Alternative Risk Transfer Company in Avon, Conn.
Jun 26 2003 // U.S. Risk Insurance Group announced the opening of a new office in Avon, Connecticut, of its subsidiary, Alternative Insurance Xchange, an alternative risk transfer company that will develop captives and self insurance...
Swiss Re Economists Say U.S. Economy Entering Slow Patch, Industry Looking At Prolonged Hard Market
Jun 25 2003 // Swiss Re’s Chief Economist said on Wednesday that the U.S. economy is growing slowly – weakness consistent with a Fed cut later today – but will grow more rapidly in the second half of the...
AIA In Support of Mandatory Arbitration to Hold Down Litigation Costs
Jun 24 2003 // In testimony over the weekend during the National Association of Insurance Commissioner’s (NAIC) summer meeting, the American Insurance Association (AIA) supported the continued availability of mandatory pre-dispute...
Industry Reacts to Calif. Holocaust-era Decision
Jun 24 2003 // California Insurance Commissioner John Garamendi released the following statement regarding the United States Supreme Court’s decision to defeat a California law required insurance companies to provide information...
S&P Lowers Aviva’s Canadian Subs to ‘A’
Jun 24 2003 // Standard & Poor’s Ratings Services announced that it has lowered its long-term counterparty credit and financial strength ratings on the primary operating subsidiaries of Toronto, Ontario-based Aviva Canada Inc....
U.S. Supreme Court Defeats Holocaust Law
Jun 23 2003 // The U.S. Supreme Court today defeated a California law that required insurance companies to provide information about all of their Holocaust-era policies. In a 5-4 vote, the high court decided that California’s...
S&P: Commercial Lines Outlook Still Negative
Jun 23 2003 // NEW YORK – Two years into the hardest market in decades, the insurance business is still paying the price for the “irrational exuberance” of its recent years, in the words of Robert Partridge, a Managing...
Minority and Women Agents Look to Tap Emerging Markets
Jun 23 2003 // Insurance is about numbers, and right now the numbers are depressing when it comes to minority and women agents in the business. In spite of the tremendous growth of minority populations in the United States and the...
S&P: Commercial Lines Outlook Still Negative
Jun 23 2003 // Two years into the hardest market in decades, the insurance business is still paying the price for the “irrational exuberance” of its recent years, in the words of Robert Partridge, a managing director at...
Minority and Women Agents Look to Tap Emerging Markets
Jun 23 2003 // Insurance is about numbers, and right now the numbers are depressing when it comes to minority and women agents in the business. In spite of the tremendous growth of minority populations in the United States and the...
Lloyd’s “Has Been a Beacon of Light” Lord Levene Tells Members at AGM
Jun 19 2003 // Lloyd’s Chairman, Lord Peter Levene, told Members attending its Annual General Meeting yesterday, that “Lloyd’s has been a beacon of light. We have defied the doomsayers. And we have done more than that:...
Harvard Medical, Swiss Re Tell Congress Risks of Global Warming “Are Here Already”
Jun 19 2003 // Experts from the Harvard Medical School and Swiss Re briefed members of Congress yesterday on what they see as the current effects of global warming, indicating that it’s no longer “a hypothetical concern for...
AAI Lauds U.S. House Passage of “Class Action Fairness Act”
Jun 13 2003 // The Alliance of American Insurers (AAI) is commending the House of Representatives for approving the “Class Action Fairness Act” (H.R. 1115). The Senate Judiciary Committee approved a similar bill (S. 274)...
