All the headlines from our USA Topic Page, ordered by recency.
Jan 27 2008 // Lighthouse Underwriters, Cooley and DarlingCooley and Darling Insurance Agency Inc., a new retail agency based in Haymarket, Va., has acquired the retail book of non-profit business from Lighthouse Underwriters LLC, a...
Jan 27 2008 // The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com.Three Year Policies — EPLI Nuts &...
Jan 27 2008 // Property casualty insurance insiders predicted 2008 will be a year of marginal growth as continued pricing competition will keep premiums low and profits lower — although that could quickly worsen if a natural...
Jan 27 2008 // In a decision sought by corporate America to stem the tide of securities lawsuits, the U.S. Supreme Court pulled the plug on investors trying to sue some suppliers of a company whose stock price was inflated with the aid...
Jan 27 2008 // Stock Prices: Commercial lines insurers’ stocks have been relatively flat in 2007. Chubb Corp. (NYSE:CB) posted the largest gain at 5 percent.M&A Activity: The fourth quarter started with a bang as two large...
Jan 27 2008 // U.S. property/casualty insurers are expected to pay homeowners and businesses $6.5 billion for 2007 property losses from 23 catastrophes — the eighth lowest cost in a decade and the seventh lowest frequency for the...
Jan 25 2008 // Three Florida residents have sued Alabama-based Liberty National Life Insurance Co. claiming their insurance was canceled or undervalued because of discrimination against Haitian-Americans.The new class-action lawsuit was...
Jan 25 2008 // Shares of bond insurers rose sharply Thursday on hopes the sector could receive support from a possible bailout orchestrated by New York insurance regulators.Shares of Ambac Financial Group Inc. rose $1.49 (euro1.02), or...
Jan 25 2008 // Bermuda-based PartnerRe Ltd. announced that during the January 1 renewal season it expects to write and bind approximately $2.0 billion of Non-Life premium. The figure ” does not include PartnerRe’s Non-Life...
Jan 23 2008 // A major Chinese insurer has announced plans to raise up to $22 billion (euro15.0 billion) for acquisitions at a time when U.S. and European banks, battered by mortgage losses, want infusions of Asian capital to replenish...
Jan 23 2008 // The Department of Homeland Security (DHS) has released a comprehensive plan for what the country must do to have a more effective and unified response and recovery in disaster situations.DHS said that the new plan, called...
Jan 23 2008 // The main management consultant and contractor on Boston’s $15 billion Central Artery/Tunnel Project (Big Dig) has agreed to pay more than $407 million to resolve civil and criminal liabilities in connection with the...
Jan 18 2008 // The Mississippi Legislature had authority to raid an insurance fund in 2004 to balance the state budget, the 5th U.S. Circuit Court of Appeals has ruled.The Mississippi Surplus Lines Association sued the state after the...
Jan 18 2008 // U.S. investors are heading into 2008 stung by a series of legal and regulatory setbacks, analysts say, with the latest the Supreme Court’s ruling in the Stoneridge case protecting businesses from securities-fraud...
Jan 16 2008 // Fitch Ratings has affirmed American International Group’s Issuer Default Rating (IDR) at ‘AA’ and affirmed its ratings on all of AIG’s insurance subsidiaries at the same level. The rating outlook is...
Jan 15 2008 // Oklahoma State Rep. Joe Dorman filed a measure for the upcoming legislative session that would make Oklahoma the 31st state to require cigarettes sold within the state to be so-called “fire-safe cigarettes,”...
Jan 15 2008 // In a decision sought by corporate America to stem the tide of securities lawsuits, the U.S. Supreme Court today pulled the plug on investors trying to sue some suppliers of a company whose stock price was inflated with the...
Jan 14 2008 // U.S. property/casualty insurers are expected to pay homeowners and businesses $6.5 billion for 2007 property losses from 23 catastrophes — the eighth lowest cost in a decade and the seventh lowest frequency for the same...
Jan 13 2008 // Brown & Brown, Turner & AssociatesThrough a subsidiary, Brown & Brown Inc. acquired Tecumseh, Okla.-based Turner & Associates Insurance Agency Inc. Turner & Associates, with annualized revenue of...
Jan 13 2008 // R.E. Chaix & Associates, Katie Freeman Insurance ServicesIrvine, Calif.-based R.E. Chaix & Associates Insurance Brokers Inc. has agreed to purchase Katie Freeman Insurance Services Inc. Neither companies’...