Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Large Carriers Post Positive Second-Quarter Results
Aug 7 2000 // Over the past three weeks, U.S. property/casualty insurers have been busy posting their second-quarter results. With continuing low premium rates and high claims costs, it may look like bad news for the industry as a...
Large Carriers Post Positive Second-Quarter Results
Aug 7 2000 // Over the past three weeks, U.S. property/casualty insurers have been busy posting their second-quarter results. With continuing low premium rates and high claims costs, it may look like bad news for the industry as a...
Swiss Welcome U.S. Holocaust Ruling
Jul 27 2000 // A U.S. judge’s decision to approve a $1.25 billion settlement to restore Holocaust-era assets to their rightful owners was met with open arms by Swiss banks, insurers and the government. Swiss banks reportedly agreed...
Q2 Results Good for AIG, Chubb, St. Paul
Jul 27 2000 // American International Group’s second-quarter operating profit rose 13 percent to $1.43 billion, matching analysts’ estimates. T he New York-based insurer said net profit, including realized investment losses,...
Dutch ING Bank To Launch U.S. Online Bank
Jul 24 2000 // Dutch financial services group ING plans to launch an Internet bank in the U.S., which will include coffee shops where customers can meet advisers face to face, the Financial Times reported Saturday. ING Direct will open...
Japan-U.S. Agree To More Dereg Talks
Jul 24 2000 // Japanese Prime Minister Yoshiro Mori and U.S. President Bill Clinton agreed over the weekend to a fourth year talks to deregulate bilateral trade. The latest discussions ended with a joint report to the leaders on...
FREE MARKET TRADE USHERED IN
Jul 24 2000 // An agreement signed July 13 between the United States and Vietnam will mean an economic boost for the communist nation and a new market for U.S. goods. On Friday, Vietnamese Trade Minister Vu Khoan praised the deal,...
Safeco Taps 20-Year Veteran to Lead Business in Eastern United States
Jul 21 2000 // Peter Dunn has been named senior vice president of SAFECO Insurance Company, responsible for property and casualty insurance operations in the Atlantic Zone. A 20-year industry veteran, Dunn will lead SAFECO’s...
Wilmington Partners with Zurich U.S.
Jul 17 2000 // Wilmington Insurance Company, the only wholly owned minority property and casualty insurer in the U.S., announced it has entered into an agreement with Zurich U.S. The agreement will provide rail insurance buyers,...
U.S., Vietnam Pact Ushers In Free Market Trade
Jul 14 2000 // An agreement signed yesterday between the United States and Vietnam will mean an economic boost for the communist nation and a new market for U.S. goods. On Friday, Vietnamese Trade Minister Vu Khoan praised the deal...
UBS to Purchase PaineWebber Group
Jul 13 2000 // UBS AG will buy brokerage PaineWebber Group Inc. for $10.8 billion, giving No. 1 Swiss bank access to millions of wealthy U.S. investors. The deal values PaineWebber, the No. 4 U.S. brokerage, at $73.50 a share, and...
ISO Estimates U.S. Insurers Will Pay $1.4 Billion
Jul 10 2000 // U.S. property/casualty insurers will pay $1.4 billion to homeowners and businesses for insured property losses from 10 catastrophic events in the second quarter of this year, according to initial estimates from the...
e-GADS! e-BUSINESS IMPACT
Jul 10 2000 // Online sales in personal lines insurance will have cornered a market share of 5-10 percent in the U.S. and 3-5 percent in Europe by 2005; e-business will enable U.S. personal lines insurers to cut costs by up to 12...
FRANKEL FIGHTS CHARGES
Jul 10 2000 // Fugitive financier Martin Frankel, whose extradition from Germany to face charges of multiple insurance fraud is being sought by the U.S., has appealed his three year prison sentence handed down by a German Court on...
In the Underworld: Kidnapping, Hostage-Taking and Extortion On the Rise
Jul 10 2000 // Kidnapping, wrongful detention and all kinds of extortion demands are definitely on the rise. So says Diane Borden, AIG Europe Vice President and head of the crisis management unit at American International...
U.K.’s Prudential Lists Shares on NYSE-Seeks U.S. Investments
Jun 29 2000 // Trading in shares of financial services group Prudential Plc, the U.K.’s largest life insurer and pension provider, and majority owner of Egg, an on-line bank, has listed its shares on the New York Stock Exchange...
New Swiss Re Sigma Study Predicts Impact of E-business
Jun 29 2000 // Online sales in personal lines insurance will have cornered a market share of 5-10 percent in the U.S. and 3-5 percent in Europe by 2005; e-business will enable U.S. personal lines insurers to cut costs by up to 12...
Zurich U.S. Announces Changes to Surplus Line Brokerage in California
Jun 28 2000 // Zurich E&S Insurance Brokerage Inc. replaced Glendale Specialty Risk Insurance Services Inc. as its wholesale surplus lines brokerage facility in California. The change went into effect on June 15. The office will...
U.S. Coasts Threatened, According to FEMA Report
Jun 27 2000 // A study by the Federal Emergency Management Agency shows that 25 percent of the buildings within 500 feet of the country’s coastlines will be threatened by erosion in the next 60 years. The study, released Tuesday,...
U.S. Ambassador Sees Insurer Investment in India
Jun 26 2000 // U.S. Ambassador to India, Richard Celeste, predicted that India’s opening of its market to foreign insurers would bring a s much as $1 billion in investments over the next few years from U.S. Companies. India’s...
