Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
AIA Applauds USTR’S Push for Open Markets
Jul 4 2002 // The American Insurance Association (AIA) is applauding the U.S. Trade Representative’s (USTR) inclusion of substantive, important insurance provisions in formal trade requests made of all 145 members of the World...
Hub International Sells Over-Allotment Shares To Underwriters
Jul 2 2002 // Chicago and Toronto-based insurance brokerage, Hub International Limited, announced that J.P. Morgan Securities Inc., on behalf of the underwriters of the previously announced public offering of 6,000,000 common shares in...
Swiss Re Analysts See Economic Recovery, Hard Market Continuing
Jun 27 2002 // Wednesday’s teleconference, featuring Swiss Re’s economic experts, concluded that a modest economic recovery will continue, the insurance industry will see higher rates and a “flight to quality, ”...
P/C Industry’s 1stQ Net Income Falls 7.3 Percent
Jun 27 2002 // The U.S. property/casualty industry’s net income after taxes dropped 7.3 percent to $5.1 billion in first-quarter 2002 from $5.5 billion in first-quarter 2001, according to just released information from Insurance...
The Storms Will be Out There: Average Hurricane Season Predicted
Jun 24 2002 // Colorado State University hurricane forecasters, led by Dr. William Gray, recently lowered this year’s Atlantic basin hurricane forecast numbers, but that hasn’t prevented insurance commissioners from states...
The St. Paul Agrees to Pay $988 Million in Asbestos Settlement
Jun 24 2002 // The St. Paul Companies have agreed to pay nearly $1 billion to settle outstanding claims and lawsuits related to asbestos. The news comes on the heels of PPG Industries’ agreement to a $2.7 billion settlement of...
China Opening Doors to Insurance Contacts
Jun 24 2002 // Some recent events indicate that the Chinese insurance market is becoming more open to foreign insurers. U.S. and Chinese regulators recently concluded an agreement to begin sharing information; AIG opened an office in the...
Insurers Look to Wipe Clean Toxic Mold Claims
Jun 24 2002 // For U.S. insurers, reinsurers, and property professionals still reeling from the $32 million a Texas jury awarded Melinda Ballard in her toxic mold lawsuit against Farmers Insurance last year and the $18.5 million a...
China Opening Doors to Insurance Contacts
Jun 24 2002 // Some recent events indicate that the Chinese insurance market is becoming more open to foreign insurers. U.S. and Chinese regulators recently concluded an agreement to begin sharing information; AIG opened an office in the...
Conference June 21 to Focus on Marketing to Latino Population
Jun 20 2002 // The 2000 U.S. Census shed light on the dramatic growth of the Latino population in the United States, with experts estimating Latinos’ buying power at $450 billion. To address the challenges of communicating to this...
U.S. Attorney Seeks Stiff Sentence for Solomon
Jun 19 2002 // The U.S. Attorney’s office in Philadelphia presented a memorandum to U.S. District Court Judge Franklin Antwerpen outlining its reasons why Michael A. Solomon, who plead guilty to mail fraud and tax evasion charges...
NAII Hosts Conference Addressing OFAC Regulation
Jun 14 2002 // The National Association of Independent Insurers (NAII) and Chicago-based law firm Lord, Bissell and Brook will host an industry-wide informational conference June 20 to discuss the insurance industry’s compliance...
NAII to Host Conference Addressing OFAC Regulation
Jun 13 2002 // The National Association of Independent Insurers (NAII) and Chicago-based law firm Lord, Bissell and Brook will host an industry-wide informational conference June 20 to discuss the insurance industry’s compliance...
U.S. Risk Insurance Group Acquires Business Assets of Ore. Company
Jun 12 2002 // U.S. Risk Insurance Group has acquired the business assets of J.G. Newman Co. in Portland, Ore. The agency will continue doing business as J.G. Newman Co. with an additional emphasis on expanding its underwriting and...
Fake Stucco Trouble: EIFS Related Claims Constrict CGL Markets
Jun 10 2002 // Mold may be getting all the attention at the moment as a major threat to insurers, at least in Texas and California, but another problem has wreaked havoc for homeowners, carriers, and contractors nationwide for several...
Insurers Look to Wipe Clean Toxic Mold Claims
Jun 10 2002 // For U.S. insurers, reinsurers, and property professionals still reeling from the $32 million a Texas jury awarded Melinda Ballard in her toxic mold lawsuit against Farmers Insurance last year and the $18.5 million a...
Fake Stucco, Real Trouble: EIFS Related Claims Constrict CGL Markets
Jun 10 2002 // Mold may be getting all the attention at the moment as a major threat to insurers, at least in Texas and California, but another problem has wreaked havoc for homeowners, carriers, and contractors nationwide for several...
S&P Affirms Ratings on AEGON and Subsidiaries
Jun 4 2002 // Standard & Poor’s announced that it has affirmed all its ratings, including its double-‘A’-minus long-term and its ‘A-1’-plus short-term counterparty credit ratings, on AEGON N.V., the...
NAFTA Officials move in on Final Details Prior to Border Crossing Openings
Jun 3 2002 // Transportation officials from Canada, Mexico and the United States, as well as insurance and trucking representatives from those countries, met this week to review final safety, implementation and insurance concerns before...
EU Extends Airline Aid Deadline to June 30
May 28 2002 // The European Commission (EC), the European Union’s highest regulatory authority, has extended the scheduled end of aid programs by individual governments to Europe’s airlines until the end of June. Following...
