Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Converium Reports Decrease in Q1 Net Profit to $25.5 Million
Apr 29 2003 // Converium, the Swiss-based reinsurance group, spun off by Zurich Financial Services at the end of 2001, posted an 11.1 percent decline in net profit for the first quarter of 2003 of $25.5 million, compared to $28.7 million...
Tillinghast Study Says D&O Liability Premiums Skyrocket as Shareholder Claims Increase
Apr 28 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...
Crawford & Co. Revenues Slide in 1st Quarter 2003
Apr 25 2003 // Crawford & Company announced its financial results for the first quarter ended March 31, 2003, noting that revenues before reimbursements totaled $167.3 million compared with $171.8 million in the 2002 first quarter....
VFS Insurance Group’s Reach Expands Across the U.S.
Apr 24 2003 // VFS Insurance Group, the insurance division of the Volvo Group, has added eight states and the District of Columbia to the list of states in which it is licensed to sell insurance, bringing the total to 22 plus D.C. Over...
Solution to Growing Asbestos Crisis may be on the Way
Apr 21 2003 // The ‘elephantine mass of asbestos cases’ lodged in state and federal courts, we again recognize, ‘defies customary judicial administration and calls for national legislation,'” wrote Justice Ruth...
Solution to Growing Asbestos Crisis May be on the Way
Apr 21 2003 // The ‘elephantine mass of asbestos cases lodged in state and federal courts, we again recognize, ‘defies customary judicial administration and calls for national legislation,'” wrote Justice Ruth Bader...
Hold Your Horses!
Apr 21 2003 // One of the Insurance Journal’s roles is to keep insurance professionals updated on key legal issues affecting the insurance industry. Indeed, the Legal Beat Column often focuses on court cases and trends in the law...
Markel Corp. Ratings Affirmed; Outlook Positive
Apr 18 2003 // Standard & Poor’s has revised its outlook on Markel Corp. (Markel), Markel International Insurance Co. Ltd., and Markel’s U.S. insurance subsidiaries to positive from negative because of the historically...
Institute President Reacts to Full Year 2002 Results
Apr 18 2003 // The property/casualty industry reported a statutory rate of return of 1.0 percent in 2002, up from the worst-ever negative 2.4 percent recorded in 2001. The results were released by the Insurance Services Office, Inc....
U.S. Healthworks and Alternative Solutions Pays $900,000 for Reported Failure in Reporting First Aid Cases to Carriers
Apr 17 2003 // Following an investigation into alleged unfair business practices due to the failure to send Doctor’s First Report of Injury to workers’ compensation insurance carriers, U.S. Healthworks and Alternative...
Taking a look at 2002 Results
Apr 17 2003 // The property/casualty insurance industry reported a statutory rate of return of 1.0 percent in 2002, up from the worst-ever negative 2.4 percent recorded in 2001. The results were released by the Insurance Services Office,...
Trenwick to Cease Reinsurance Underwriting in U.S.
Apr 15 2003 // Trenwick Group Ltd. will cease underwriting reinsurance business under its previously announced underwriting facility with Chubb Re, Inc., a subsidiary of The Chubb Corporation. The underwriting facility, which began in...
U.S. Congress Hears of N.J. Auto Insurance Crisis
Apr 11 2003 // Federal lawmakers Thursday learned that New Jersey’s auto insurance crisis has impacted more than a quarter million people within the past three years alone, forcing drivers to search for auto insurance in a market...
Lloyd’s Chairman Calls for Equal Treatment Under U.S. Insurance Law
Apr 11 2003 // The current U.S. regulation system must change to accept Lloyd’s as a loyal partner rather than reinsurance aliens, the Chairman of Lloyd’s of London told journalists in Washington, D.C. recently. Speaking to...
Medical Liability Crisis Not a Hit with America’s Pastime
Apr 10 2003 // The escalating health care crisis that has reportedly been jeopardizing patient access to quality medical care across the country is beginning to claim victims in other areas of American life as well, starting with...
AXA Shows $3.1 Billion 2002 Loss Under U.S. GAAP Rules
Apr 10 2003 // France’s AXA Group revealed a nasty surprise when it filed its consolidated financial statements with the COB, the French financial regulatory authority. Under U.S. GAAP accounting rules the group posted an overall...
Lloyd’s Chairman Blasts U.S. “Litigious Culture”
Apr 9 2003 // “The U.S. litigation system, if left unchecked, will destroy the American spirit of enterprise and drain the U.S. economy,” was the stark message given by Lloyd’s Chairman Lord Peter Levene in a speech...
U.S. Property Insurance Premiums Beginning to Fall, AON Report Finds
Apr 8 2003 // Rates for U.S. property insurance have begun to drop as insurers compromise to meet their target levels of premium growth. This was one of the main findings from a report published by Aon at this year’s RIMS (Risk...
War in Iraq: The Known and Unknown Consequences for the Industry
Apr 7 2003 // As President Bush and his advisors made good on their defiant promise to act alone if necessary to get rid of Iraq’s tyrannical régime, the world heard echoes of Mark Antony’s cry of rage and revenge –...
War in Iraq: The Known and Unknown Consequences
Apr 7 2003 // As President Bush and his advisers made good on their defiant promise to act alone if necessary to get rid of Iraq’s tyrannical régime, the world heard echoes of Mark Antony’s cry of rage and revenge,...
