All the headlines from our USA Topic Page, ordered by recency.
Jun 20 2008 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of the UK-based Markel International Insurance Company Limited (MIICL) with...
Jun 19 2008 // The United States and China wrapped up two days of talks on Wednesday under a so-called “strategic economic dialogue” set up two years ago to ease tensions over trade and economic issues.They reported the...
Jun 19 2008 // Marsh has released key findings from its Financial Institutions – Captive Benchmarking Analysis report, to be published in September. The bulletin described the study as the “most in-depth review of the use of...
Jun 19 2008 // A group of insurers who cover farmers in the event of catastrophe-driven losses are facing their worst claims in 15 years due to flooding in the Midwest, said a Lehman Brothers analyst, who cut second-quarter earnings...
Jun 19 2008 // A congressional proposal to create a national “catastrophe fund” to help states recover from natural disasters has put Republican presidential hopeful John McCain at odds with a handful of GOP governors —...
Jun 18 2008 // Because of a natural catastrophe’s high cost to society, some believe that the U.S. federal government should provide a program to backstop losses for natural catastrophes, said an article published by Standard...
Jun 17 2008 // Insurers who sell coverage compensating farmers in the event of damage to their crops could be hit by claims from severe flooding in parts of the U.S. Midwest, according to an analyst report.While it is too soon to know...
Jun 17 2008 // U.S. Risk Inc., a subsidiary of U.S. Risk Insurance Group Inc. launched Quick Clinic, a new comprehensive insurance product for in-store medical Clinics.“Quick Clinic is designed to offer comprehensive and turn-key...
Jun 16 2008 // American International Group, the world’s biggest insurer [by capitalization], replaced CEO Martin Sullivan on Sunday, June 15, after it suffered two quarters of record losses from risky mortgage bets and its share...
Jun 16 2008 // The Travelers Cos. Inc. has named Joan Kois Woodward executive vice president for public policy, effective immediately.Woodward, who will be based in Washington, D. C., joins the company from Goldman Sachs & Co.,...
Jun 16 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+ (Superior) and issuer credit ratings (ICR) of “aa-” of Commerce Group, its lead company, The Commerce Insurance Company, and four...
Jun 16 2008 // Beyond the family with two parents and 2.5 kids, there is another America: About 9 percent of U.S. of households are headed by single parents. Of these 13 million one-parent families, about 20 percent are single-father...
Jun 16 2008 // Max Specialty, Guaranty CasualtyMax Specialty Insurance Co., of Richmond, Virginia, the U.S. excess and surplus lines unit of Max Capital Group Ltd., reports it has acquired Commercial Guaranty Casualty Insurance Co., an...
Jun 16 2008 // Automobile insurers are hungering for the Hispanic market’s premium dollars, according to a report by Hispanic Market Weekly that analyzed marketing and media trends being used by the industry.Automobile insurers...
Jun 16 2008 // Employees who complain of racial bias in the workplace and then face retaliation can sue under a post-Civil War-era law barring discrimination, the U.S. Supreme Court ruled in late May.In a second similar decision, the...
Jun 16 2008 // Asian insurers may go on a buying spree. A number of companies, particularly China’s major players, are likely to seize the credit crunch as an opportunity to snap up assets in Europe and the United States, said a...
Jun 16 2008 // U.S. insurers, in an industry awash in excess capital, face a stretch of turbulence that won’t soon abate, according to analysts at a recent Standard & Poor’s Ratings Services conference.“We’re...
Jun 13 2008 // Fitch Ratings said that following a review of industry aggregate statutory financials for year-end 2007 and 1Q 2008, the rating agency has updated its full-year 2008 U.S. Property/Casualty industry forecast and now...
Jun 13 2008 // State insurance commissioners told Congress that they could live with a proposed federal office of insurance information, particularly to target international issues, provided it does not preempt state consumer and...
Jun 12 2008 // Dallas-based U.S. Risk Insurance Group Inc. named Richard T. Schwartz as general counsel of U.S. Risk Insurance Group Inc., and J. Brian Hobbs as president of Professional Claims Managers Inc., a wholly owned subsidiary of...