Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
The St. Paul Companies’ USIO Makes Appointments
Nov 9 2001 // Marita Zuraitis, executive vice president of Minnesota-based The St. Paul Companies’ U.S. Insurance Operations (USIO), announced several appointments within the USIO leadership team The appointments are effective...
Commentary: Purchasing Insurance for Mexico
Nov 5 2001 // Tourists, property owners and businesspersons who drive, own homes, or operate businesses or subsidiaries in Mexico need to properly protect their assets south of the border. It is ironic that most agents place insurance...
PLUS Tackles Challenges to Achieve Success
Nov 5 2001 // The Professional Liability Underwrit-ing Society (PLUS) will hold its 14th Annual PLUS International Conference in Chicago Nov. 14-16. Entitled The Challenge: Achieving Success, the 2001 Conference will focus on the...
Time-Tested Lloyd’s Turns to Address U.S. Disaster Losses
Oct 29 2001 // Lloyd’s of London, the world’s oldest and most visible insurer, has set about dealing with the aftermath of the terrorist attacks of Sept. 11. Two weeks after the event, it released its projected net loss...
Will Reinsurance Rebound from Terrorist Strikes in the U.S.’
Oct 29 2001 // If the nautical term best applied to the reinsurance industry last year this time would have been “Steady as she goes,” after the catastrophe that struck the U.S. on Sept. 11, the French term “sauve qui...
HOLOCAUST LAW QUESTIONED
Oct 29 2001 // A California law enacted in 1999 requiring that insurance companies turn over information related to European insurance policies or face loss of their licenses has been ruled an unconstitutional violation of due process,...
IIAA Calls for Passage of Remedy to Terrorism Reinsurance Problems
Oct 26 2001 // In testimony submitted on Capitol Hill, the Independent Insurance Agents of America (IIAA) strongly urged Congress to pass legislation to remedy the availability of terrorism reinsurance in the wake of the Sept. 11...
Insurers to Discuss Global Regs, Accounting Standards, Privacy at IIC Roundtable
Oct 25 2001 // Private insurers face new challenges as supervisors and standard-setting bodies around the world work to develop and implement international standards to improve trade and financial stability in a weakened global economy,...
S&P: Maintenance of Ratings Depends on Mitigating Terrorism Risks
Oct 24 2001 // Wholesale withdrawal from terrorism coverage is shielding the U.S. insurance industry from widespread rating actions following the September attacks, but it leaves U.S. commerce highly vulnerable to any future acts of a...
Illinois Director Issues Bulletin to Comply with Executive Order
Oct 17 2001 // Illinois Insurance Director Nat Shapo has issued a bulletin to all Illinois insurance companies advising them to review their records and comply with an executive order signed by President Bush to freeze the assets of any...
U.S. Insurers Draft Proposal for $10 Billion Government-Backed Insurance Pool
Oct 15 2001 // U.S. insurers completed a draft proposal on Oct. 10 for a $10 billion government-backed insurance pool that they hope will protect them from further terror attacks after the destruction of the World Trade...
Financial Toll Mounts From Sept. 11 Tragedy, Lessons Emerge
Oct 15 2001 // The financial and human losses from the events of Sept. 11 continue to haunt insurance companies across the country and for that matter, the world. Following the tragedies that impacted New York City, Washington, D.C., and...
Preparing for the Unthinkable
Oct 15 2001 // Although another terrorist attack is a concept too awful to imagine, as an industry, our job is to protect against the unthinkable. That’s why insurers and reinsurers alike are lining up to support the creation of a...
Holocaust Reporting Law Ruled Unconstitutional
Oct 12 2001 // A California law requiring that insurance companies turn over information related to European insurance policies or face loss of their licenses has been ruled an unconstitutional violation of due process, according to the...
Global Insurers Acknowledge Increased Exposures from Attacks
Oct 10 2001 // A number of global insurers/reinsurers have acknowledged greater exposure to claims related to the destruction of the World Trade Center, with increased estimates for the amount they expect to pay out. The total cost to...
Finance Panel Discusses Insurance Threats Following Sept. 11
Oct 10 2001 // A panel of real estate finance and economic experts appearing on Capitol Hill on Oct. 4 identified the continuing U.S. economic slowdown and emerging property and casualty insurance issues as key threats to the...
Berkshire Hathaway’s Buffett Predicts Prolonged Recession
Oct 8 2001 // In a letter to shareholders posted on his website Sept. 26, billionaire Warren Buffet warned of a recession, “probably a relatively deep and extended one, but they are part of business life and we are...
AIG Member Companies Complete Placement of Aviation War Risk and Hijacking Liability Coverage Octob
Oct 8 2001 // American International Group Inc. (AIG) has announced that its member companies have completed the placement, on behalf of the co-insurance market, of aviation war risk and hijacking liability coverage that makes available...
Lloyd’s Estimates U.S. Disaster Losses at$1.91 Billion
Oct 8 2001 // Lloyd’s of London, the world’s oldest and most visible insurer, finally released its projected loss figures from the disastrous events of Sept. 11. According to the calculations from over 100 syndicates, net...
Will Reinsurance Rebound from Terrorist Strikes in the U.S.’
Oct 8 2001 // If the nautical term best applied to the reinsurance industry last year at this time would have been “steady as she goes,” after the catastrophe that struck the U.S. on Sept. 11, the French term “sauve...
