Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Aspen U.S. Appoints Kotsiopoulos As Broker Relationship VP
Jul 9 2014 // Aspen U.S. Insurance said George Kotsiopoulos has joined as vice president, Broker Relationship leader. Kotsiopoulos joins Aspen U.S. Insurance with underwriting and distribution experience from previous positions at...
Chicken Producer, London Insurers Battle Over ‘Recall’ Definition
Jul 9 2014 // Foster Farms and its London insurers are facing off over the definition of “product recall” as the poultry producer seeks payment of $14.2 million in claims arising from a government-mandated shutdown of one of...
Senate Advances Bill to Shield Firms Sharing Cyber Threats with NSA
Jul 9 2014 // The Senate is advancing legislation that would let companies and the U.S. government share information about hacking threats, even as privacy advocates say the plan could enable the National Security Agency to sweep up...
Court Ruling States Arizona Can’t Deny Immigrants Driver’s Licenses
Jul 8 2014 // Arizona’s policy of denying driver’s licenses to people who came to the U.S. illegally as children was blocked by a federal appeals court in San Francisco, which said the measure is probably...
Financial Firms Propose Cyber War Council
Jul 8 2014 // Wall Street’s biggest trade group has proposed a government-industry cyber war council to stave off terrorist attacks that could trigger financial panic by temporarily wiping out account balances, according to an...
Maritzen to Head New Endurance U.S. Commercial Property Operation
Jul 8 2014 // Bermuda-based Endurance Specialty Holdings Ltd. announced that Mark Maritzen has joined the company as Executive Vice President and Head of Commercial Property within its U.S. Insurance operation. He has nearly twenty...
Endurance Launches U.S. Commercial Property Retail Division
Jul 8 2014 // Endurance Specialty Holdings Ltd. announced that Mark Maritzen has joined the company as executive vice president and head of commercial property within its U.S. Insurance operation. Maritzen will be responsible for...
Lloyd’s Underwriters Find Success with U.S. Subsidiaries: SNL
Jul 7 2014 // Insurers Hiscox Ltd., Beazley Plc and Catlin Group Ltd. are reaping the benefits of the U.S. market, according to a report from SNL Financial. SNL data shows how the three companies with significant participation in the...
Aon Benfield June Global, U.S. Cat Report: Thunderstorms, Hail, Floods
Jul 7 2014 // The Global Catastrophe Recap report for June from Aon Benfield’s Impact Forecasting highlights the outbreak of severe thunderstorms that affected Western and Central Europe during the first half of the month, causing...
Arch Capital Makes Reinsurance Group Promotions; Management Changes
Jul 7 2014 // The Bermuda-based Arch Capital Group Ltd. (ACGL) has announced promotions in the reinsurance group “to support the recent expansion of the Company’s mortgage insurance and reinsurance operations.” Marc...
As America Overall Ages with Boomers, Energy States See Youth Boom
Jul 7 2014 // Seven states, including five in the Great Plains, saw their median age decline between 2012 and 2013, according to U.S. Census Bureau estimates. At the same time, the median age for the U.S. as a whole ticked up from 37. 5...
10 Things to Know About Earthquakes
Jul 7 2014 // The earth’s surface consists of 25 interlocking plates. —National Aeronautics and Space Administration The earth’s plates move at a rate of roughly 2 centimeters per year. —National Aeronautics and Space...
Disaster Mitigation: How Incentives Can Help
Jul 7 2014 // The frequency and cost of natural disasters in the United States has increased exponentially in the past two decades. The cost to property, life and the economy is pushing the issue to the top-of-minds for many in...
Climate Change Bottom-Line Talk Grows, S&P Director Says
Jul 7 2014 // Companies and governments worldwide are changing their behaviors and examining their risks in the face of climate change, a managing director for Standard & Poor’s said, holding up the insurance industry as a...
P/C Insurers’ Profit Dipped in Q1
Jul 6 2014 // Private U.S. property/casualty insurers’ net income after taxes fell to $13.8 billion in first-quarter 2014 from $14.3 billion in first-quarter 2013. Insurers’ pretax operating income – the sum of net...
Climate-Driven Firefighting in West Takes Cash From Prevention Budgets
Jul 3 2014 // Wildfires blamed in part on climate change are consuming timber in the U.S. West at such a furious pace that half the Forest Service’s budget is now spent fighting them — up from 21 percent in 2000. Add in the...
Catholic Broadcaster Wins Birth Control Benefit Reprieve After Hobby Lobby Ruling
Jul 3 2014 // Citing a U.S. Supreme Court opinion issued Monday, a federal appeals court temporarily barred the federal government from forcing an Alabama-based Catholic broadcasting network to comply with a law requiring them to cover...
Progressive Boosts Ad Spending But GEICO Still #1: SNL
Jul 3 2014 // Progressive Corp. boosted its advertising spending by nearly $70 million year over year to $595.4 million in 2013, the largest aggregate dollar increase among all U.S. property/casualty insurers, according to an analysis...
How Insurers Would Wind Down If Needed to Avoid Future Bailout
Jul 3 2014 // American International Group Inc. and Prudential Financial Inc. told regulators they could divest units and halt policy sales to avoid taking a bailout in a future crisis. AIG, the insurer that repaid a U.S. rescue in...
Small Firms Fear Gap in Trade Finance If Export Import Bank Closed
Jul 3 2014 // Private sector trade finance has not fully recovered from its financial-crisis collapse, and it is not clear it could fill the gap if the U.S. state-run export lender closes. Conservative U.S. lawmakers are clamoring to...
