All the headlines from our USA Topic Page, ordered by recency.
Oct 16 2007 // In a new report Standard & Poor’s states that the “International Accounting Standard Board’s (IASB) discussion paper on insurance contracts may well set the tone for a new global frame...
Oct 16 2007 // Families of Iraqis who died in a shooting involving Blackwater USA contractors in Baghdad have sued the company, saying the firm violated U.S. law and fostered a culture of lawlessness among its employees.The suit filed...
Oct 15 2007 // AIR Worldwide Corp. (AIR) is offering a new service to assess insurance-to-value (ITV) of U.S. residential property portfolios for reinsurance contract renewals.Available for insurers, reinsurers and brokers, the service...
Oct 15 2007 // Hiscox launched its U.S.-based Hiscox Global Markets, a division that underwrites internationally traded business via the Lloyd’s insurance market, and specialist retail business around the world.“The United...
Oct 15 2007 // It may be too early to say that conflict has become passé, but U.S. businesses report a distinct drop in the number of lawsuits filed against them in the past year, according to the latest Litigation Trends Survey...
Oct 12 2007 // A federal judge in California has blocked a proposed rule requiring employers to fire workers whose names don’t match their Social Security numbers, dealing a major blow to the Bush administration’s crackdown...
Oct 11 2007 // Insurance and pension provider Aviva USA said a ratings upgrade by A.M Best on Tuesday, Oct. 9th will help it grow its business in the United States. Des Moines-based Aviva USA, the U.S. unit of London-based Aviva PLC,...
Oct 11 2007 // Insurance run-off specialst PRO Insurance Solutions Limited has formed a new U.S. affiliate, PRO Insurance Solutions, Inc., or PRO US.The company is a member of the Swiss Re Group and a subsidiary of Swiss Re America...
Oct 10 2007 // Munich Re announced a new long-term “profitable growth strategy” aimed at increasing its share of both direct and broker reinsurance, as well as primary insurance, in the U.S. P/C market. The Group writes more...
Oct 9 2007 // Marsh UK has arranged a property facility that will provide up to $425 million of non-catastrophe capacity in the London market for US and Canadian companies. The facility can also be adapted to provide up to $262.5...
Oct 9 2007 // In 2006, 1,192,809 motor vehicles were reported stolen which is 42,417 fewer than in 2005, representing the third year in a row that vehicle theft has declined. Even so, every 26.4 seconds a vehicle is stolen in the United...
Oct 8 2007 // Former Los Angeles agent sent to prisonA former Los Angeles insurance broker surrendered himself to authorities after being convicted of two fraud counts, the California Department of Insurance reported. Gurjeet Singh of...
Oct 8 2007 // $55.5 million The tally for disaster aid to Texas residents and businesses affected by June 16 – Aug. 3 severe storms, tornadoes and flooding comes to $55,541,143, according to state and federal officials. The aid...
Oct 8 2007 // The need for solutions to address insurance costs and availability in natural catastrophe-vulnerable U.S. coastal regions — including a federal safety net — was the general theme at a public hearing in Mobile,...
Oct 8 2007 // Louisiana Workers’ Compensation Corporation (LWCC) promoted Jamie Bourg to claims manager for the company’s large accounts team.Bourg will manage and direct the claims department, including claims handling and...
Oct 8 2007 // The National Association of Mutual Insurance Cos.(NAMIC) named SECURA Insurance President and CEO John Bykowski as the chairman of its board of directors during the association’s annual convention Sept. 16-19 at...
Oct 8 2007 // The Insurance Marketing Communications Association named its 2007/2008 slate of directors and officers, with Cora Barran of Farmers Insurance Group continuing as IMCA president for her second year.Barran is director of...
Oct 8 2007 // Workable competition “We all like competition when it works but we’ve seen enough failures to know that without proper safeguards, businesses will seek to add to their bottom line at the expense of the public...
Oct 8 2007 // An industry executive, representing a coalition of 14 large U.S.-based insurance groups, told the U.S. Senate Finance Committee late last month that a major tax advantage for certain foreign insurance groups could threaten...
Oct 8 2007 // Declarations“We all like competition when it works but we’ve seen enough failures to know that without proper safeguards, businesses will seek to add to their bottom line at the expense of the public and the...