Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Insurers Rated on Customer Satisfaction with Auto Claims: J.D. Power
Oct 30 2013 // Customer satisfaction with auto insurance claims handling is improving, due in large part to insurers’ improvements in managing the first notice of loss (FNOL) process and providing faster payments to claimants,...
1-Year Anniversary of Sandy Offers Lessons Learned for Coastal Residents
Oct 29 2013 // One year ago, Superstorm Sandy struck a dozen states in the Northeast and became the third costliest storm in U.S. history, after hurricanes Katrina and Andrew, according to the Insurance Information Institute...
1 Year After Superstorm Sandy: Quick Economic Facts
Oct 29 2013 // Superstorm Sandy made landfall as a post-tropical cyclone on the U.S. East Coast October 29, 2012 after cutting a destructive path through the Bahamas, Cuba, the Dominican Republic, Haiti, Jamaica and Puerto Rico. Sandy is...
CGSC Names AIG Ex-CEO Sullivan as Non-Executive Chairman for U.S.
Oct 29 2013 // Cooper Gay Swett & Crawford (CGSC), a global wholesale and reinsurance broking group, has appointed Martin Sullivan as non-executive chairman of CGSC Delaware, the main board for the group’s North American...
Justice Department Wielding FIRREA in Financial Fraud Cases
Oct 29 2013 // The U.S. Department of Justice appeared to have struck gold last week with the law it wielded against one of the nation’s largest banks over conduct that fueled the financial crisis. To convince a jury that Bank of...
1 Year After Sandy: A Complex Task in Tallying Storm’s Death, Damage
Oct 28 2013 // Tracking the toll of a disaster like Superstorm Sandy is not like keeping score at a baseball game. Its damage to lives and property may never be known precisely, and there are multiple ways to tally it. In the case of...
Aon Benfield’s Impact Forecasting Models Sandy Storm Surge
Oct 28 2013 // Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, announced that it is “helping insurers and reinsurers prepare for current and future U.S. hurricane seasons with its...
Texas DPS Touts Success of Border Crime, Vehicle Safety Initiative
Oct 25 2013 // The Texas Department of Public Safety (DPS) announced that a multi-agency law enforcement initiative, dubbed Operation Strong Safety, that targeted crime, unsafe commercial vehicles and unsafe driving practices has been...
Finnegan to Remain at Chubb Despite Retirement Policy; Executive Switches, Q3 Results Reported
Oct 25 2013 // The Chubb Corp.’s board of directors announced Thursday that John D. Finnegan, Chubb’s chairman, president and chief executive officer, will remain in his current roles until the end of 2016, breaking a Chubb...
Pirates Kidnap Two U.S. Sailors off Nigerian Coast: Sources
Oct 25 2013 // Pirates attacked an oil supply vessel off the Nigerian coast and kidnapped the captain and chief engineer, both U.S. citizens, American officials said on Thursday as the Nigerian military ordered its Navy to rescue the...
Atlantic Hurricane Season Quietest in 45 Years, Experts Say
Oct 25 2013 // The 2013 Atlantic hurricane season looks set to go down as a big washout, marking the first time in 45 years that the strongest storm to form was just a minor Category 1 hurricane. There could still be a late surprise in...
Louisiana Forensic Firms Move into New Business Lines
Oct 24 2013 // After Hurricane Katrina, several forensic engineering firms popped up in the New Orleans area to serve an insurance industry overwhelmed with thousands of damage claims. Since the storm, the companies that remain in New...
Federal Court Rules Delaware Business Court’s Private Arbitration Is Unconstitutional
Oct 24 2013 // Delaware’s legal industry suffered a blow when a federal court found on Wednesday the state violated the U.S. Constitution with its novel system of allowing judges to arbitrate private business disputes, which...
Flood Insurance Price Increases Affecting Home Sales
Oct 24 2013 // Rangel Dockery and her husband bought a waterfront house in Florida four months ago, assuming their $2,000-a-year flood-insurance premium would remain about the same. After reading recently about a change in the federal...
Jury Finds Bank of America Liable for Countrywide Mortgage Fraud
Oct 24 2013 // Bank of America Corp. was found liable for fraud on Wednesday over defective mortgages sold by its Countrywide unit, a major win for the U.S. government in one of the few trials stemming from the financial crisis. After a...
After JPMorgan $13B Deal, Banks Seek Protections in Future Bailouts
Oct 24 2013 // As the U.S. government closes in on a $13 billion settlement with JPMorgan Chase & Co. over its mortgage practices, lawyers specializing in bank mergers are looking for ways to protect their clients from big losses in...
United States Urges More Flexibility in new Global Climate Deal
Oct 23 2013 // The United States called on Tuesday for a more flexible approach to a new United Nations’ climate deal which balances the needs of all countries and has a better chance of success. Two years ago, some 190 countries...
Aspen Re Forms Rock Re in U.S. for Facultative Brokered Property
Oct 23 2013 // Bermuda-based Aspen Reinsurance, the reinsurance segment of Aspen Insurance Holdings Limited has formed Rock Re, a new dedicated brokered property facultative unit within its US operation. Rock Re “builds on Aspen...
U.S. Unveils Draft of Voluntary Corporate Cybersecurity Standards
Oct 22 2013 // A U.S. bureau on Tuesday unveiled a draft of voluntary standards that companies can adopt to boost cybersecurity – part of an attempt to protect critical industries without setting restrictive and costly...
Two Legacy Network Executives in Idaho Sentenced
Oct 22 2013 // The former founder and chairman of the board of The Legacy Network, an insurance brokerage agency in Rexburg, Idaho, and his son were sentenced on Wednesday in United States District Court in Pocatello. The sentencing was...
