Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Berkshire to Acquire U.S. Investment Corp.
Apr 28 2000 // Berkshire Hathaway has agreed to buy U.S. Investment Corp., an insurance holding firm based in Wayne, Pa. Terms of the agreement were not disclosed. U.S. Investment, along with its three insurance firms, United States...
Euro Hits New Lows Against Dollar, Yen
Apr 26 2000 // The Euro hit new lows against the dollar and the Yen on Tuesday, falling to $.9248, as the European Central Bank showed no inclination to take any new measures to support the common currency. It is generally assumed that...
Insuring RVs
Apr 24 2000 // It’s not just your grandparents heading down the road in those Winnebagos these days. As the population of RV owners grows, so does the market and the profit margins for insurers. In the 1950s, those silver,...
American Names Set to Take on Lloyd’s of London on Home Turf
Apr 24 2000 // The accusations are fierce, the stories heart-wrenching. Lost homes, marriages, fortunes and even lives are piling up on the doorstep of Lloyd’s of London, which has been accused for years of not disclosing potential...
PARTNER RE TO SELL SCOR
Apr 24 2000 // Bermuda-based PartnerRe has reached an agreement with France’s SCOR Group to sell its U.S. life reinsurance business, PartnerRe Life Insurance Company of the U.S., and its subsidiaries Vanguard Life Insurance Co.,...
National Class-Action Filed Against Prudential; Seeks Similar Remedy To Texas Decision
Apr 14 2000 // A federal class-action lawsuit filed this week against Prudential Insurance and its healthcare subsidiaries may affect several million people across the U.S. who are participants in, or beneficiaries of, Prudential...
PartnerRe to Sell U.S. Life Operations to SCOR
Apr 13 2000 // Bermuda-based PartnerRe announced that it has reached an agreement with France’s SCOR Group to sell its U.S. life reinsurance business, PartnerRe Life Insurance Company of the U.S., and its subsidiaries Vanguard Life...
U.S. Judge May Soon Approve Swiss Holocaust Pact
Apr 11 2000 // A U.S. District judge is expected to approve a $1.25 billion accord reached more than two years ago by Swiss banks to settle claims of that they never returned valuables deposited by Holocaust survivors prior to World War...
ACE Bashes Introduced Legislation
Apr 6 2000 // House Ways and Means Committee Members Nancy Johnson (R-Conn), Richard Neal (D-Mass) and Robert Matsui (D-Calif) have introduced legislation to close what they allege is a “tax loophole that allows insurers based in...
Munich Re at Impasse with Regulators over Holocaust Claims
Apr 3 2000 // The dialogue between the California Department of Insurance (CDI) and Germany’s Munich Re came down to a legal standoff in March with respect to the reinsurer’s perceived delays in turning over documents...
Allianz Comes Out the ‘Big Winner’ In German Bank Merger
Apr 3 2000 // On March 9, the German financial world quaked with the announcement that Deutsche Bank (DB), Germany’s largest bank, planned to merge with cross-town rival Dresdner Bank. Insurance giant Allianz AG was a driving...
The Unraveling of Superior National
Mar 30 2000 // Editor’s Note: This article was written by Standard & Poor’s analyst Darin Feldman, and is printed with permission. In its 1998 annual report “Survival of the Fittest,” Superior National...
Frankel Extradition to U.S. Approved
Feb 25 2000 // Hamburg, Germany’s high state court approved the extradition of Martin Frankel to the United States. Frankel is a United States citizen and businessman wanted in the United States for allegedly defrauding insurance...
Insurers Support Trade Relations with China
Feb 16 2000 // Today Congress will view the issue of whether the U.S. should grant Permanent Normal Trade Relations (PNTR) to China. This is the first of several possible hearings. Congressional enactment of PNTR for China will allow...
Expert Says Nazis Stole Art
Feb 14 2000 // A U.S. government’s top art expert from the World War II era said the Nazis stole 600,000 pieces of art in Germany and the European lands they occupied during Hitler’s 12 years in power. About 200,000 works...
Best Comments on Future of Mexican Insurers
Feb 3 2000 // Mexican insurers will have to take aggressive steps to remain competitive with U.S. and Canadian companies that are acquiring a stronger presence in the country, according to A.M. Best Co. in a statement released...
UPS Faces U.S. Lawsuit Over Insurance Fees
Feb 3 2000 // Reuters is reporting United Parcel Service Inc. (UPS) is facing a new class-action lawsuit claiming that the package delivery group overcharges its customers for insurance on shipments, court documents showed on...
