All the headlines from our USA Topic Page, ordered by recency.
Nov 4 2007 // After the terrorist attacks of Sept. 11, 2001, the market for commercial property and liability insurance in large urban areas was in turmoil, as reinsurance for terrorism became expensive and scarce. Congress responded in...
Nov 4 2007 // Valiant Insurance Group Inc. announced that John N. DiBlanda has joined its U.S. property and casualty insurance operations as chief financial officer and chief operating officer.Prior to joining Valiant, DiBlanda served...
Nov 4 2007 // Agents E&ONuts & Bolts: Market Scout is offering a broad coverage form from three different “A” rated carriers. Each insurer has agreed to provide up to 25 percent discounts for agencies that have 40...
Nov 4 2007 // Austin, Texas-based Medicus Insurance appointed John Flanagan as its new Regional Market manager for the Midwest. Flanagan will be based in Chicago. Flanagan brings over five years of experience in the professional...
Nov 4 2007 // Bermuda-based Catlin Group Ltd. appointed Nick Greggains chief underwriting officer for insurance, and Andrew Englesbe chief underwriting officer for reinsurance for Catlin U.S. Both will be responsible for insurance and...
Nov 4 2007 // Only 22 percent of in-house counsel said they expect to see the number of legal disputes their companies face increase over the next 12 months; a year ago, 33 percent said they were anticipating a rise in lawsuits...
Nov 4 2007 // Collateral conundrum: To change or not to changeN.Y. steps out as first state to deliver level playing field for all reinsurers New York State Insurance Superintendent Eric Dinallo’s proposal that the highest rated...
Nov 4 2007 // Catastrophic wildfires sweep across Southern CaliforniaIndustry estimates insured losses at more than $1.5 billion and rising Insured losses are continuing to accumulate from Southern California wildfires that burned in...
Nov 2 2007 // U.S. forecasters have issued an advisory for Noel, now a Category 1 hurricane and this season’s most dangerous storm, which is moving northward between the southeastern U.S. and Bermuda and growing in size.The...
Nov 2 2007 // NASA is abandoning its secrecy claims and promising to reveal results of an unprecedented federal aviation survey that found aircraft near collisions, runway interference and other safety problems occur far more often than...
Nov 2 2007 // The former creative director of the U.S. arm of Japan’s largest advertising agency sued the company this week, saying he was pressured to visit a brothel and engage in other sexually explicit activities on company...
Nov 2 2007 // The state of Oklahoma has reached a tentative settlement with a mining company that would provide nearly $65 million to agencies involved in restoration efforts at the Tar Creek Superfund site.A hearing on the settlement...
Nov 2 2007 // Fitch Ratings has placed the following Commerce Group, Inc. (CGI) ratings and subsidiaries on Rating Watch Positive: Commerce Group, Inc. – Issuer Default Rating (IDR) at ‘BBB+’ – $300 million 5.95...
Nov 1 2007 // The potential of the Hispanic insurance market is one of the factors attracting Spanish insurer Mapfre to its acquisition of the Massachusetts-based personal lines writer Commerce Group.Mapfre officials calculate that...
Oct 31 2007 // The Supreme Court this week agreed to decide whether Exxon Mobil Corp. should pay $2.5 billion in punitive damages in connection with the huge Exxon Valdez oil spill that fouled more than 1,200 miles of Alaskan coastline...
Oct 31 2007 // No one argues the need to revamp the regulatory structure of the insurance industry, but just how to reform regulation remains the big question for legislators considering the issue. Some in the insurance industry support...
Oct 30 2007 // Noel, a late season tropical storm, has caused extensive damage in the Dominican Republic and threatens greater havoc in Haiti. The two countries, who share the island of Hispaniola, have been hit with high winds and...
Oct 30 2007 // According to the most recent bulletin from the National Hurricane Center in Miami, Tropical Storm Noel’s projected track should keep it well away from the U.S. mainland. The storm, the 14th of the season, has caused...
Oct 30 2007 // Guy Carpenter & Company, LLC, Marsh & McLennan’s global risk and reinsurance unit, has announced a collaboration with WSI Corporation, a provider of weather-driven business solutions, to “help cedants...
Oct 30 2007 // Spain’s largest insurer, Mapfre S.A., has agreed to buy the Massachusetts-based personal lines insurer The Commerce Group, Inc. for $2.21 billion in cash in a bold move to expand its presence in the U.S....