Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
U.S. E&O Brokers to Provide Agents’ E&O Coverage on MarketScout.com
Apr 10 2001 // MarketScout, a Dallas-based e-commerce company specializing in the distribution of property and casualty insurance products, announced that U.S. E&O Brokers Group has been selected as its exclusive “Best of...
Hurricane Team Revises Outlook Upward; Predicts Average Season
Apr 9 2001 // As of early April, the Colorado State University hurricane forecasting team led by William Gray has upped the numbers for 2001 just slightly, suggesting a normal season. For the June 1-Nov. 30, 2001 season, the scientists...
Prudential Won’t Increase Am Gen Bid
Apr 6 2001 // Prudential (U.K.) announced that it did not intend to increase the value of its bid for American General by offering additional cash to its shareholders. This increases the likelihood that AIG’s counter offer will...
Hartford, Fortis Complete Sale
Apr 3 2001 // The Hartford Financial Services Group and Fortis, Inc. The U.S. subsidiary of the Belgian-Dutch banking and insurance group announced that the sale of Fortis Financial Group to Hartford in a cash transaction valued at...
SKANDIA TO REDUCE U.S. STAFF
Apr 2 2001 // Sweden’s Skandia Group announced staff reductions in its U.S. subsidiary, American Skandia. The company will eliminate 150 positions—about 13 percent of its work force—following a serious downturn in U.S. sales,...
Letter Re-Ignites U.S.- Europe Privacy Debate
Mar 28 2001 // A joint letter from the Treasury and Commerce Departments to John Mogg, European Commission Director General for the Internal Market, has re-ignited the controversy between the U.S. and the EU over privacy regulations. The...
Struggle Continues Over Payment of Holocause Claims
Mar 26 2001 // The Western world is haunted by the specter of the German government killing millions upon millions of Jews (and others) in concentration camps. I couldn’t sleep when I first saw the pictures in the 1950s. My...
Skandia To Reduce U.S. Staff By 13 Percent
Mar 26 2001 // Sweden’s Skandia Group announced staff reductions in its U.S. subsidiary, American Skandia, aimed at eliminating 150 positions, about 13 percent of its work force, following a serious downturn in U.S. sales, that has...
LLOYD’S WINS AGAIN
Mar 26 2001 // On March 16, the U.S. Senate voted 79-18 to remove a provision in the pending Bankruptcy Reform Bill that would have prevented Lloyd’s of London from pursuing a number of American “Names” for debts...
Pru/Am Gen Merger Tops Insurance Deals
Mar 26 2001 // Last January, Prudential plc Chief Executive Jonathan Bloomer indicated he was still looking for opportunities in the U.S. The search culminated March 12 in Houston, Texas, with the announcement that Britain’s...
U.S. Scientists Build Internet-enabled Quake Alert System
Mar 22 2001 // Scientists at the California Institute of Technology and the U.S. Geological Survey are working on an Internet-enabled earthquake early-warning system for the state of California. For the last five years, Caltech and the...
S&P Realigns US Insurance Groups Along Customer Lines
Mar 21 2001 // Standard and Poor’s is making changes to the way it evaluates the financial strength of insurance companies. At the company’s annual Financial Services Seminar in Las Vegas, Steve Dreyer, the newly appointed...
KINGSWAY ENTERS U.S. AUTO MARKET
Mar 19 2001 // Kingsway Financial Services has entered into an agreement with The Access Group to underwrite private passenger auto insurance in the United States, beginning in Georgia, through its wholly owned subsidiary, Lincoln...
“Lloyd’s Provision” Removed From Bankruptcy Bill
Mar 19 2001 // On Friday, the U.S. Senate voted 79-to-18 to remove a provision in the pending Bankruptcy Reform Bill that would have prevented Lloyd’s of London from pursuing a number of American “Names” for debts...
Another Frankel Associate Pleads Guilty
Mar 19 2001 // A lawyer hailing from Tennessee pleaded guilty Friday to conspiracy and money laundering in an insurance fraud scheme masterminded by Martin Frankel. Frankel allegedly purchased insurance companies in Tennessee,...
Britain’s Prudential To Buy Am Gen In Biggest Insurance Deal Ever
Mar 19 2001 // Last January Prudential plc Chief Executive Jonathan Bloomer indicated he was still looking for opportunities in the U.S. The search culminated March 12 in Houston with the announcement that Britain’s venerable...
U.S. State Dept. Opposes “Lloyd’s Provision” As Bankruptcy Bill Clears Committee
Mar 16 2001 // The State Department is opposed to a provision in the pending Bankruptcy Reform Bill that would effectively prevent Lloyd’s from collecting money from several hundred wealthy American “Names” who have...
Hartford Steam Boiler Launches International Coverage
Mar 14 2001 // It didn’t take long for HSB to start expanding internationally once it became part of AIG. Tuesday the company announced the introduction of “a new international insurance product called HSB OneSource.”...
Frankel Pleads Not Guilty
Mar 13 2001 // Financier Martin Frankel pleaded not guilty Monday to a string of charges, including fraud. Frankel was arraigned in U.S. District Court in New Haven, Conn., following his extradition on March 2 from Germany, where he...
Prudential (U.K.) To Buy American General For $26.5 Billion
Mar 12 2001 // In the biggest insurance industry merger ever, Prudential Plc, Britain’s largest life insurer, has agreed on merger plans with Houston-based American General Corp. The combination would create the world’s sixth...
