Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Bermuda’s Premier Responds to U.S. Tax Bill
Apr 17 2002 // The ongoing proposals by several lawmakers to make U.S. companies, notably insurers, who relocate to Bermuda subject to U.S. taxes, has drawn a terse response from Jennifer Smith, the island’s premier. “We...
NAII Spearheads U.S. Treasury Dept. Meeting to Request Exemption from Money Laundering Mandates
Apr 16 2002 // The
Terrorism Insurance and Home Security
Apr 15 2002 // The issue of whether or not the government should be in the business of providing terrorism insurance is a confusing one. Congress clearly has a problem with it. Although the House passed its version of a bill that would...
2001: The Insurance Industry’s ‘Annus Horribilis’
Apr 15 2002 // In future years property/casualty insurers will no doubt look back on the year 2001 and shudder. Right now they’re too busy coping with the reality of the industry’s “annus horribilis,” to borrow...
ING Cautiously Optimistic for 2002
Apr 12 2002 // At a recent conference for analysts Holland’s ING Group indicated that it was “cautiously optimistic” about its earnings recovery for the year 2002, but refrained from making a full year prediction. The...
AAI Backs Schumer Auto Fraud Bill in U.S. Senate
Apr 12 2002 // The Alliance of American Insurers has voiced its initial support for the Cheaper Car Insurance Act, which would make auto fraud a federal crime punishable by as long as 15 years in prison and as much as $100,000 in fines....
Assurex Adds Partners in Peru, Tunisia U.S.
Apr 4 2002 // Assurex Global Partners, the private organization of leading brokers and agencies, announced that it has expanded its worldwide presence with the addition of international broker Partners in Lima, Peru and Tunis, Tunisia,...
NAII, Insurer Groups Address Truck Crossing Concerns
Apr 4 2002 // The United States Department of Transportation’s (DOT) safety requirements for trucks, buses and drivers entering this country under the North American Free Trade Agreement (NAFTA) aim at having Mexican carriers meet...
Lloyd’s Completes $5 Billion Trust Fund Transfer
Mar 29 2002 // Lloyd’s of London announced that it has completed the transfer of over $5 billion to its trust funds in the United States since September 2001, and has fulfilled the arrangement made with the National Association of...
American Re Appoints New Senior Management Team in Strategic Business Units
Mar 27 2002 // American Re-Insurance Company announced the appointment of a new senior management team to direct the five Strategic Business Units of its U.S. property casualty underwriting operations, as well as the appointment of chief...
AXIS Gains Wide Access to U.S. Market with Company Acquisitions
Mar 26 2002 // Newly formed Bermuda insurer AXIS Specialty Limited announced that that its US subsidiary, AXIS Specialty U.S. Holdings, Inc., has entered into agreements to purchase the Royal & SunAlliance Personal Insurance Company...
AAI Praises DOT Safety Requirements for Visiting Mexican Trucks
Mar 25 2002 // Calling it a step forward in making American highways safer, the Alliance of American Insurers (AAI) praised the U.S. Department of Transportation’s newly established safety requirements for Mexican trucks and buses....
Credit Lyonnais Decision Still on Hold
Mar 25 2002 // Even though Jeffrey Isaacs, the assistant U.S. Attorney in the Los Angeles office, has been urging that the French Bank Credit Lyonnais (CL) be indicted for several allegedly illegal acts involving its takeover of...
U.S. Extends Emergency Insurance for Airlines
Mar 14 2002 // With an expiration date of March 20 staring them in the face, the U.S. government is extending emergency insurance for airlines that was unveiled following the Sept. 11 attacks, according to Reuters. The six-month coverage...
AIG Wants End to FAA’s War-Risk Coverage for Airlines
Mar 11 2002 // Maurice Greenberg, chairman and CEO of American International Group Inc., has undertaken efforts to persuade the Federal Aviation Administration to stop providing war-risk insurance for ground damage to U.S. airlines,...
Global-Reinsurance Industry Foresees Growth in Online Services
Mar 11 2002 // If anyone needs proof that the Internet is no longer a curiosity, the reinsurance industry is a good place to start looking. Reinsurance companies aren’t generally known for the rapidity with which they adopt...
Aegon Names New U.S. Division Chief
Mar 8 2002 // Dutch insurer Aegon NV has appointed Patrick Baird as the new president and chief executive of its U.S. division Aegon USA Inc., effective April 19 according to a Reuters report. Baird replaces Donald Shepherd who will...
U.S. Airlines Plan to form Company to Insure against Terrorism
Mar 6 2002 // According to the Los Angeles Times, U.S. airlines are formulating a plan to have a company in place to insure themselves against terrorism and acts of war with premiums set around half the rate private insurers have...
Calif. Officials Press for Credit Lyonnais Indictment
Mar 5 2002 // Even though reports indicate French bank Credit Lyonnais is attempting to settle fraud charges related to its unsuccessful purchase of Executive Life Insurance Co., a number of high-ranking California officials are seeking...
AIG Asks FAA to End Provision of War-Risk Coverage to U.S. Airlines
Feb 27 2002 // AIG is putting pressure on the Federal Aviation Administration (FAA) to cease providing war-risk insurance to U.S. airlines with hopes of substituting FAA coverage with its own insurance program, as first reported in the...
