Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
U.S. Marine Insurers Continue Profitability in Highly Competitive Global Marketplace
May 15 2003 // U.S. ocean marine insurers reportedly continued to outperform the property/casualty business as a whole in 2002, but the market should not begin celebrating just yet, according to David French, chairman, American Institute...
Illinois Docs Rally, Urge U.S. Senate to Act
May 14 2003 // Thousands of patients, physicians and other supporters of medical liability reform gathered in Chicago’s Daley Plaza to urge federal lawmakers to fix an out-of-control legal system that is seriously threatening...
The St. Paul Cos. Acquires Renewal Rights for Selected Lines of Kemper’s U.S. Commercial Business
May 12 2003 // The St. Paul Companies has purchased the right to seek renewal of certain existing commercial insurance business written by the Kemper Insurance Companies in the United States. Under the agreement, The St. Paul will obtain...
Report Says U.S. Insurance Industry Loses $13.7B Annually Due to Auto Premium Rating Error
May 7 2003 // Quality Planning Corporation (QPC), the Rating Integrity Solutions Company, released its annual Premium Rating Error report, detailing just how much often-overlooked premium rating errors diminish the overall profits of...
Markel Outlook Positive
May 5 2003 // S&P’s revised its outlook on Markel Corp., Markel International Insurance Co. Ltd., and Markel’s U.S. insurance subsidiaries to positive from stable because of the historically strong underwriting results...
D&O LIABILITY COSTS UP AGAIN
May 5 2003 // Directors & Officers (D&O) liability insurance cost nearly 30 percent more in 2002, according to Tillinghast Towers Perrin’s 2002 Directors & Officers Liability Survey. The increase followed similar...
Full Speed Ahead
May 5 2003 // A year ago, Lloyd’s course was “steady as she goes,” following the enormous losses of Sept. 11, but with the appointment of a new chairman last November, Lord Peter Levene of Portsoken, coupled with a...
Study Says D&O Liability Premiums Soar, Shareholder Claims Increase
May 5 2003 // On the heels of similar increases from the previous year, purchasers of Directors & Officers (D&O) liability insurance paid nearly 30 percent more for their D&O coverage, according to Tillinghast Towers...
Full Speed Ahead
May 5 2003 // A year ago, Lloyd’s course was “steady as she goes,” following the enormous losses of Sept. 11, but with the appointment of a new chairman last November, Lord Peter Levene of Portsoken, coupled with a...
Tort Reform Advocates Strike While Iron is Hot
May 5 2003 // Only weeks ago it seemed that a series of well-publicized doctor walkouts across the nation had led not only to political pressure to enact malpractice award caps in crisis states but action at the national level as well....
Markel Outlook Positive
May 5 2003 // Standard & Poor’s Ratings Services revised its outlook on Markel Corp., Markel International Insurance Co. Ltd., and Markel’s U.S. insurance subsidiaries to positive from stable because of the historically...
Putting Business Intelligence to Work
May 5 2003 // Business transpires in the Information Age. Although these times offer the most networked, data enriched progression ever in history, many smaller to midsize insurance companies are still using mainframe processing to...
Fairfax Financial Posts $108.8 Million Q1 Net
May 5 2003 // Canada’s Fairfax Financial Holdings Limited announced that net earnings for the first quarter of 2003 increased to C$154.6 million (U.S. 108.8 million) or C$10.60 per share (U.S. $7.46), as a result of continued...
AXIS Announces First Quarter Results
May 2 2003 // AXIS Capital Holdings Limited, the Bermuda-based specialty insurer formed in 2001 by Marsh Inc.’s. Trident II fund and other investors, announced that gross premiums written for the quarter ended March 31, 2003 were...
The McIntyre Group Finishes Strong 1stQ
May 1 2003 // New Jersey-based The McIntyre Group reported it completed a very successful first quarter in terms of revenue generation, new national accounts written and retention of existing business. Despite the relatively flat...
Chubb Notes Record 1stQ Net Income of $224.6M
May 1 2003 // The Chubb Corporation reported that net income in the first quarter of 2003 was a record $224.6 million, a 13.3 percent increase over net income of $198.2 million in the first quarter of 2002. Net income per share...
U.S. Risk Insurance Group Adds Keane as Executive VP for U.S. Risk Underwriters
May 1 2003 // U.S. Risk Insurance Group appointed John Keane as executive vice president of U.S. Risk Underwriters, Inc. Keane will be involved in many strategic and operational aspects of the company, including day to day underwriting...
Facts and Findings about Windshields
May 1 2003 // Windshields are the number one insurance claim in the United States. Thirty percent of auto insurance claims are windshields. Edge cracks account for approximately 70-80% of these windshield replacement claims. Edge cracks...
MCINTYRE GROUP COMPLETES STRONG FIRST QUARTER
Apr 30 2003 // The McIntyre Group Woodland Falls Corporate Park 210 Lake Drive East, Suite 104 Cherry Hill, NJ 08002 Company Contact: Nan Weinberg The McIntyre Group Phone: 856 842 9900 nweinberg@mcintyre-group.com Media Contact: Reg...
McIntyre Group Completes Strong First Quarter Agency’s Revenue Puts Growing Firm in Top Ten Percent
Apr 30 2003 // The McIntyre Group reported today that it had completed a very successful first quarter in terms of revenue generation, new national accounts written and retention of existing business. Despite the relatively flat economy,...
