Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Lloyd’s Calls Bankruptcy Bill Provision A Get Out of Jail Free Card
Feb 27 2001 // A special provision, added to the currently pending legislation in Congress to overhaul the U.S. Bankruptcy law, aims to prevent Lloyd’s from collecting debts from U.S. “Names”(individual Lloyd’s...
CGNU Takes Extra $200 Million Cost on U.S. Sale
Feb 21 2001 // British insurer CGNU Plc will take on an additional cost of $200 million in its purchase of CGNU due to amendmen6ts to the sale of its U.S. general business to White Mountains Insurance Group Ltd. CGNU said in September it...
State Farm Agent Faces Charges in Alleged Insurance Scam
Feb 21 2001 // Editor’s note: In a response to a question which read, have you ever at any time been under indictment for any crime, Dr. Saracino’s answer is yes. On Feb. 13, 2001, Barbara and her husband were indicted for a...
CGNU Takes Extra $200 Million Cost on U.S. Sale
Feb 20 2001 // British insurer CGNU Plc will take on an additional cost of $200 million in its purchase of CGNU due to amendmen6ts to the sale of its U.S. general business to White Mountains Insurance Group Ltd. CGNU said in September it...
NAFTA Panel: U.S. in Violation of Treaty
Feb 19 2001 // On Feb. 6, a North American Free Trade Agreement arbitration panel upheld an interim ruling opening the United States border to Mexican trucks. Many in the insurance industry say they will cautiously review the changes the...
Ohio DOI Unveils Top 10 Fraud Violations of 2000
Feb 15 2001 // Ohio Department of Insurance Director Lee Covington released a list of the Top 10 Insurance Fraud violations for 2000. During 2000, the Department opened 144 fraud cases. At the Insurance Department, the Enforcement...
U.S. Realtors Fight to Fend Off Bank Move
Feb 15 2001 // U.S. realtors have launched an all-out push to derail a proposal that would allow big banks to sell and manage real estate, saying it could hurt consumers and the economy and devastate their industry, Reuters News Service...
AIG Looking For Acquisitions
Feb 13 2001 // American International Group is on the lookout for acquisitions both in the United States and overseas, according to a statement made by Chairman Maurice Greenberg during a meeting with analysts and money managers that...
Carriers Battle Alleged Taxicab Market Fraud
Feb 12 2001 // In what looks uncomfortably like a return to the offshore scams of the late ’80s, several reports of questionable taxicab policies using the names of two well-known carriers have recently surfaced in California. The...
NAFTA Ruling Expected to Allow U.S. Access to Mexican Trucks
Feb 12 2001 // A North American Free Trade Agreement arbitration panel is expected to uphold an interim ruling from November allowing Mexican trucks to operate in the United States. Many in the insurance industry say they will cautiously...
Trade Panel: U.S. Violated NAFTA
Feb 7 2001 // An arbitration panel ruled unanimously Tuesday that the United States violated the North American Free Trade Agreement by barring Mexican trucks from most of its highways. But it said the United States can require Mexican...
U.S. HOUSE COMMITTEE TAKES SHAPE
Feb 5 2001 // The House Financial Services Committee subcommittee has been revised for the newly minted panel, which will have broad sway across the financial sector. The committee was formed earlier this month by adding the securities...
Concorde May Fly Again, Despite Lawsuits by Grieving Passenger Families
Feb 5 2001 // Last summer’s tragic Concorde crash continues to produce heartache as the lawsuits multiply and negotiations break down. Settlement talks between the lawyers for the victims’ families and Air France and its...
ING Confirms Sale of U.S. Bank Operations, and Restructuring
Jan 31 2001 // Dutch financial services and insurance giant ING confirmed that it would sell its U.S. investment banking operations to Holland’s ABN Amro bank for an estimated $275 million, and would restructure its European and...
New U.S. House Financial Services Panel Takes Shape
Jan 29 2001 // The House Financial Services Committee subcommittee has been revised for the newly minted panel, which will have broad sway across the financial sector. The committee was formed earlier this month by adding the securities...
Concorde May Fly Again, Despite Multiplying Lawsuits
Jan 29 2001 // Last summer’s tragic Concorde crash continues to produce heartache as the lawsuits multiply and negotiations break down. Settlement talks between the lawyers for the victims’ families and Air France and its...
ING In Talks To Sell U.S. Investment Banking Units To ABN Amro
Jan 25 2001 // ING Group is in talks with its Dutch compatriot ABN Amro to sell its U.S. investment bank holdings, ING Barings, for around $200 million, confirming its intentions, announced in November, to abandon plans to create a...
Swiss Re Plans U.S. Internet Life Venture
Jan 23 2001 // London’s Financial Times reports that Swiss Re plans to start a joint venture with a technology company to offer life insurance products in the U.S. via the Internet within the next few months. The world’s...
Managing The Risk From Climate Change
Jan 22 2001 // Whether it is the dry desert heat of El Paso or the humid sauna of Houston, people who grew up in Texas know that its summers are naturally hot. For people in Dallas, last summer was no exception. After 44 days in the...
French Bank Head To Sue Magazine Over Allegations
Jan 22 2001 // Jean Peyrelevade, the Chairman of French bank Credit Lyonnais, has indicated he will bring a libel action in a French Court against The Economist magazine over allegations that he was aware of irregularities involving the...
