Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Jardine Group Services Changes Names, Adds New E-Business Division
Jun 20 2000 // Jardine Lloyd Thompson Group plc, an international insurance organization, announced today that its U.S. offices have changed their names to JLT Services Corp. The name change affects Jardine Group Services Corporation;...
Frankel Pleads Guilty in German Court
Jun 16 2000 // Martin Frankel, the financier that bilked several U.S. insurance companies of millions of dollars before disappearing and launching an international manhunt, has pleaded guilty to tax evasion charges in a German...
Prudential Plc to List on NYSE; Possibly Expand in U.S.
Jun 14 2000 // Prudential Plc, Britain’s largest life insurer, plans to list on the New York Stock Exchange later this month in an effort to broaden shareholder base and possibly position the company for a U.S....
Bancassurance Model is Business as Usual in European Countries
Jun 12 2000 // The passage of the Gramm-Leach-Bliley Act marked a watershed in U.S. financial regulation, opening up the banking, insurance and securities sectors to cross-holdings and business combinations after almost 70 years of...
Whose Responsibility Is It’ Educating Agents and Insureds about Flood Insurance
Jun 12 2000 // The Federal Emergency Management Agency (FEMA) estimates that almost 11,000 households in the U.S. are at risk for flooding, which accounts for 90 percent of all disasters nationwide. Yet, the vast majority of American...
Urge to Merge Subsides in 1999; 2000 Following the Same Course
Jun 12 2000 // Last year was expected to be a boom year for merger and acquisition activity in the insurance industry. But that never happened. In fact, the total dollar value of merger transactions fell by almost 75 percent in 1999...
TEAMING UP FOR AGRIBIZ
Jun 12 2000 // Zurich U.S. and The Hartford Financial Services Group formed a strategic relationship to co-market their agribusiness products in a program designed to take advantage of each compaies strengths. Under the agreement, which...
High-Stakes Hurricane Season Arrives
Jun 12 2000 // Residents along the East and Gulf Coasts and in the Caribbean Islands should brace for an above-average 2000 Atlantic hurricane season on par with last year’s season. Forecasters with both the National Oceanic and...
AIG Realigns, Forms WorldSource Division
Jun 12 2000 // In his book, “The Lexus and the Olive Tree,” Pulitzer Prize-winning journalist Thomas L. Friedman defines globalization as “the inexorable integration of markets, nation-states and technologies to a...
CSU Forecast Team Ups Hurricane Prediction for 2000
Jun 8 2000 // Colorado State University’s hurricane forecast team, led by William Gray, has revised its April forecast, now predicting 12 named storms, eight hurricanes and four major hurricanes for the 2000 season, which began...
CIGNA President Calls For Senate PNTR Approval
Jun 6 2000 // CIGNA Corp. President and CEO H. Edward Hanway urged the U.S. Senate to approve the bill passed by the House giving China permanent normal trade relations status (PNTR). While approval by the Senate is widely expected, as...
Industry’s urge to Merge Subsides in 1999; 2000 Looks the Same
Jun 5 2000 // Comming report find both M & A activity and public equity offerings slammed on the brakes. Last year was expected to be a boom year for merger and acquisition activity in the insurance industry. But that never...
U.S. Ex-Im Bank, Citigroup Partner
Jun 2 2000 // Under the planned agreement, Citigroup will share the Ex-Im Bank’s risks, providing its own capital and guarantees. Ex-Im Bank advertised for the partnership in February, receiving eight proposals from commercial and...
CIGNA to Sell Portions of its U.S. Life Reinsurance Operations
Jun 2 2000 // Under the terms of the transaction, CIGNA will receive cash consideration amounting to approximately $170 million. An estimated after-tax gain of $75 million will be recognized over the remaining life of the reinsured...
AIG Realigns Property/Casualty Operations
Jun 1 2000 // American International Group has realigned its property/casualty insurance operations in order to serve the needs of U.S.-based companies with international operations more effectively and efficiently. The North American...
Zurich U.S., The Hartford Forge Strategic Agribusiness Alliance
Jun 1 2000 // Zurich U.S. and The Hartford Financial Services Group have formed a strategic relationship to co-market their agribusiness products in a program designed to take advantage of each company’s unique strengths. Under...
Industry Heads Hail PNTR Vote
May 25 2000 // The House vote on Wednesday in favor of Permanent Normal Trade Relations (PNTR) with China was widely praised by insurance industry leaders and the heads of companies in other sectors affected by the new trade terms, which...
ING To Launch Internet Life Sales in U.S.
May 25 2000 // Following its agreement to acquire ReliaStar, Holland’s financial services giant, ING, has announced plans to launch an Internet site in the U.S. to sell life insurance products on-line. ING has already set up ING...
Royal & SunAlliance U.S. Nonstandard Auto Expanding Internet Site
May 23 2000 // The personal insurance division of Royal & SunAlliance USA has successfully launched Orion AutoLink, its web-based agency interface for nonstandard auto insurance products, in 23 states where those products, marketed...
Zurich U.S. Covers Turkish Political Risk
May 23 2000 // Zurich U.S., the American subsidiary of Anglo-Swiss multinational insurer Zurich Financial Services, announced that it has placed a political risk policy in Turkey, covering $20 million worth of private placement...
