All the headlines from our USA Topic Page, ordered by recency.
Jan 28 2009 // Glencairn, a division of Faber & Dumas, the global third-party wholesale insurance broker established in London by Willis, announced that John Andrews has joined the company as Account Executive. He will help...
Jan 28 2009 // The former vice president of reinsurance of American International Group Inc. (AIG) has been sentenced to four years in prison for his role in a fraudulent scheme to manipulate AIG’s financial statements, according...
Jan 28 2009 // The Democratic-led U.S. Congress Tuesday gave final approval to what may be the first bill signed into law by President Barack Obama — a measure to reverse a 2007 U.S. Supreme Court decision that made it tougher to...
Jan 27 2009 // Bermuda-based Hiscox Ltd. has issued a summary of the January renewals, its expected investment returns and the effect of currency fluctuations, as well as its hurricane loss estimates.Hiscox said it has “seen good...
Jan 26 2009 // A.M. Best Co. has commented that the financial strength rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a+” of German reinsurer Hannover Rueckversicherung AG (Hannover Re) remain...
Jan 26 2009 // As the U.S. economic slowdown deepens, middle-market companies are reassessing their relationships with insurance brokers and adopting a more bottom-line approach to securing insurance coverage.Historically, middle-market...
Jan 25 2009 // Victoria, CranbrookVictoria Insurance Co., a subsidiary of Michigan-based USF Insurance Co., has changed its name to Cranbrook Insurance Co. Cranbrook is incorporated in Texas with its headquarters in Farmington Hills,...
Jan 25 2009 // Earlier this month, lawmakers in Maine and Delaware said they would consider restrictions on drivers’ cell phone use, but a national safety group says that the only sufficient limit to guarantee safety is a complete...
Jan 25 2009 // U.S. property/casualty insurers are expected to pay homeowners and businesses $25.2 billion for 2008 property losses from 37 catastrophes — the fourth highest cost in a decade and the highest frequency in a decade,...
Jan 25 2009 // Find a need, then fill it,” is a hoary business principle, but making it work is often harder than it looks. However, a number of British insurers have taken it to heart and have built substantial profit centers...
Jan 23 2009 // Former AIG Chief Executive Maurice “Hank” Greenberg said in a letter Thursday the insurer should halt asset sales until the new administration in Washington can assess what is best for the now...
Jan 23 2009 // A savvy pilot saved at least 155 lives when he guided a disabled US Airways jet to a relatively gentle landing in the Hudson River last week. He also may have protected his airline from the rash of lawsuits that usually...
Jan 23 2009 // Seven U.S. lawmakers Friday urged Treasury Secretary nominee Timothy Geithner to boost federal oversight of insurance companies, a long-held goal of much — although not all — of the insurance...
Jan 22 2009 // Ironshore Inc. has appointed Steven England as executive vice president responsible for running its newly created U.S. Property/ Casualty underwriting operations based in St. Louis, Missouri.The new unit, Ironshore...
Jan 21 2009 // Dallas-based managing general agency and surplus lines wholesaler, U.S. Risk Insurance Group Inc., has rolled out a new online platform through which agents can rate, quote and bind a policy in minutes. According to the...
Jan 21 2009 // The Bermuda-based Catlin Group Limited has announced the addition of Casualty Facultative Reinsurance to its portfolio of products underwritten by Catlin US.Scott Beall, Director – Casualty Facultative Reinsurance,...
Jan 20 2009 // The UK launched a second bank rescue plan on Monday. One of the recipients, Royal Bank of Scotland, said it lost over £20 billion ($29.3 billion) last year and Japan said bad loans worldwide had further to climb. The...
Jan 20 2009 // U.S. property/casualty insurers are expected to pay homeowners and businesses $25.2 billion for 2008 property losses from 37 catastrophes — the fourth highest cost in a decade and the highest frequency in a decade,...
Jan 16 2009 // Zurich Financial Services Group Inc., which has been on a recruitment spree, said Rich Merski, a former AIG executive, is joining the insurer as head of federal affairs in the United States.Merski most recently managed...
Jan 16 2009 // Munich Re’s Webinar on Thursday – 2008 Natural Catastrophes – presented a detailed analysis of the increasing number of weather related events that concern both primary carriers and reinsurers. It also...