Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
IICF Northeast Announces Featured Speakers for Year-End Fundraising Dinner
Nov 4 2013 // The Insurance Industry Charitable Foundation (IICF) Northeast division announced three featured speakers who will be accepting grants for charities at its fundraising dinner on Wednesday Dec. 11, 2013 in New York City. The...
BP Oil Spill Settlement Opponents Ask Court to Rescind Approval
Nov 4 2013 // Opponents of BP Plc’s $9.2 billion partial settlement of private-party claims from the 2010 Gulf of Mexico oil spill are set to ask a U.S. appeals court to reverse a judge’s approval of the agreement. The...
Courts Split Over Health Care Law Birth Control Coverage Mandate
Nov 4 2013 // A requirement of President Barack Obama’s health care law that group insurance plans cover contraceptives may violate religious freedom, a U.S. appeals court said, widening a split among the circuits and making it...
U.S. Says Japan Signing Liability Pact Would Aid Nuclear Cleanup
Nov 4 2013 // Japan will receive international help with the cleanup at the Fukushima atomic station once it joins an existing treaty that defines liability for accidents at nuclear plants, U.S. Energy Secretary Ernest Moniz said. The...
Third Quarter Activity Picks Up Pace
Nov 4 2013 // After a sluggish start to the year, merger and acquisition (M&A) activity gained some momentum in the third quarter. With 55 transactions announced from July to September, the third quarter comprised 42 percent of the...
10 Things to Know About Habitational and Dwelling Risks
Nov 4 2013 // Sales of new single-family houses reached a seasonally adjusted annual rate of 421,000 in August, 7.9 percent above the revised July 2013 estimate of 390,000. (U.S. Census Bureau) There were roughly 24,400 completions of...
Business Moves
Nov 4 2013 // Aspen Re Bermuda-based Aspen Reinsurance, the reinsurance segment of Aspen Insurance Holdings Ltd., has formed Rock Re, a new dedicated brokered property facultative unit within its U.S. operation. Rock Re will build on...
Aon Benfield: U.S. Homeowners Market Offers Opportunities
Nov 4 2013 // U.S. homeowners insurance is showing significant growth opportunities, says a new report from Aon Benfield, a reinsurance intermediary and capital advisor of Aon plc. The report, titled “Homeowners ROE Outlook: 2013...
Two Legacy Network Executives in Idaho Sentenced
Nov 4 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 in October in United States District Court in Pocatello. The sentencing was...
AIG’s Q3 Profit Advances 17% to $2.17B; Property/Casualty Sales Decline
Nov 1 2013 // American International Group Inc., the insurer that repaid a U.S. rescue last year, said third- quarter profit climbed 17 percent as underwriting margins improved at the property-casualty business. Net income rose to $2.17...
U.S. Weighs Scanning Social Media to Prevent Risky Hires
Nov 1 2013 // The U.S. government is studying whether it can scour social media websites for clues about potential risks from workers such as Edward Snowden and the Washington Navy Yard shooter. Snowden, a former National Security...
Insurer Alleges Robotic Surgery Firm Lied About Claims
Nov 1 2013 // Intuitive Surgical Inc., the maker of robotic surgery devices targeted by patient lawsuits, was sued by an insurer alleging the company hid the number of legal claims it might face when buying product liability...
Lost Pheasants, Disappearing Grasslands: Is Crop Insurance to Blame?
Nov 1 2013 // The hunters tramp through neck-high prairie grass with a pair of golden retrievers named Moe and Buck, flushing out birds in a freezing autumn drizzle. When one flutters from the South Dakota grassland, Dick Schmith, 58,...
ThinkRisk, Aspen Launch New Private, Non-Profit Management Liability Program
Oct 31 2013 // ThinkRisk Underwriting Agency, a division of RSG Underwriting Managers, LLC, and Aspen US Insurance have launched a new national management liability package program. The product is available on an admitted basis in most...
Hyperion Insurance Head David Howden on U.S. Expansion by MGA DUAL
Oct 31 2013 // David Howden, the chief executive of the London-based Hyperion Insurance Group, founded the company in 1994, “as a business to take on wholesale products in the international market,” he explained in a...
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...
