Latest USA Headlines

All the headlines from our USA Topic Page, ordered by recency.

Marsh UK warns of possible liabilities

Sep 3 2007 // Marsh UK has issued a warning to the European financial services sector, including insurance companies, hedge funds, banks and ratings agencies, that “they may be exposed to greater directors’ and...

People and Places

Sep 3 2007 // Richard E. Meuret has been appointed vice president and manager, Field Operations Analysis, for Liberty Mutual Agency Markets regional company operations. Meuret will be based in the insurer’s Boston home office and...

Marsh cautions Europeans on U.S. subprime crisis

Sep 3 2007 // Insurance broker Marsh UK issued a warning to the European financial services sector, including insurance companies, hedge funds, banks and ratings agencies, that “they may be exposed to greater D&O and E&O...

Report: insurers did not shift wind claims

Sep 3 2007 // A preliminary report from the federal government has found no evidence to support allegations that private insurers improperly shifted wind damage claims from Hurricane Katrina onto the federal government’s flood...

MARSH UK: POSSIBLE LIABILITIES FROM SUBPRIME DEFAULTS

Sep 3 2007 // Marsh UK recently issued a warning to European financial services sectors, including insurance companies, hedge funds, banks and ratings agencies, that “they may be exposed to greater Directors’ and...

News Currents

Sep 3 2007 // Report: insurers did not shift wind claimsA preliminary report from the federal government has found no evidence to support allegations that private insurers improperly shifted wind damage claims from Hurricane Katrina...

People

Sep 3 2007 // Richard E. Meuret has been appointed vice president and manager, Field Operations Analysis, for Liberty Mutual Agency Markets regional company operations. Meuret will be based in the insurer’s Boston home office and...

Marsh cautions Europeans on U.S. subprime crisis

Sep 3 2007 // Insurance broker Marsh UK issued a warning to the European financial services sector, including insurance companies, hedge funds, banks and ratings agencies, that “they may be exposed to greater D&O and E&O...

Aviva USA Selects West Des Moines for New U.S. Heaquarters

Aug 31 2007 // Insurance and pension provider Aviva USA plans to build its new national headquarters in West Des Moines, Iowa, a project that will result in an investment of up to $150 million and 400 jobs, the company’s CEO said...

ACE Expands Global Environment Coverage for US Multinationals

Aug 31 2007 // ACE USA announced from its Philadelphia headquarters that it has expanded its suite of environmental liability insurance products to meet “the unique exposures of U.S. multinational organizations with global...

U.S. Mine Industry Worried About Thefts of Emergency Air Packs

Aug 31 2007 // Underground coal miners in the United States are facing a new and apparently growing safety threat: the theft of emergency air packs.Authorities say the devices have been disappearing from mines, particularly in the state...

ACE Expands Environmental Policy

Aug 31 2007 // ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, has expanded its suite of environmental liability insurance products to cover the exposures of U.S. multinational organizations with global...

S&P: Insurers’ Investments ‘On Solid Ground’ Despite Subprime Credit Crisis

Aug 30 2007 // Standard & Poor’s Ratings Services has recently completed a survey covering all the insurance and reinsurance companies it rates globally to determine their exposure to U.S. subprime mortgage-related...

U.S. Insurers’ Subprime Exposure ‘Minimal,’ Says Fitch Ratings

Aug 30 2007 // According to a new report from Fitch Ratings, the U.S. property casualty insurance industry’s risk from various subprime mortgage exposures is “minimal.”Fitch said it based its conclusion on an analysis...

Ratings Recap: Sompo (U.S.); Clarendon, Kentucky National

Aug 30 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and assigned an issuer credit rating (ICR) of “a” to New York-based Sompo Japan Insurance Company of America (SJA)....

U.S. Reinsurers’ Report Premiums Dropped in 2d Quarter

Aug 29 2007 // The Reinsurance Association of America (RAA), a group of 22 U. S. property and casualty reinsurers, reported writing $12.2 billion of net premiums during the six-months ended June 30, 2007, a decrease of $7.5 million from...

CRM Has No ‘Material Exposure’ to Subprime Crisis

Aug 28 2007 // CRM Holdings, Ltd., the Bermuda-based holding company of Compensation Risk Managers, LLC, a leading administrator of group self insurance workers’ compensation programs, stated that it “does not have any...

Suncorp FY Net up 16.2% to $877 Million; Promina ‘on Track’

Aug 28 2007 // Australian banking and insurance group Suncorp-Metway reported a 16.2 percent increase in net profit after tax to a record A$1.064 billion (US$877 million), which includes 15 weeks’ contribution from Promina, the...

U.S. Risk Names Stringer to Head Brokerage Operations

Aug 28 2007 // U.S. Risk Insurance Group Inc. has named Monte Stringer executive vice president and national brokerage manager of U.S Risk Brokers, the company’s wholesale excess and surplus lines insurance brokerage operations. In...

Moody’s: US Sub-prime Crisis has ‘Limited Direct Impact’ on European Insurers

Aug 27 2007 // The London office of Moody’s Investors Service has issued a new “Special Comment” analyzing the current crisis in the US sub-prime mortgage market and “the related uncertainty surrounding structured...