Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Federal Government Shutdown Effect on P/C Insurance Industry
Sep 30 2013 // If Congress fails to agree by midnight tonight on a resolution to continue funding the federal government, the property/casualty insurance industry should not be seriously affected by the resulting shutdown. The insurance...
Federal Trade Commission Moves Closer to ‘Patent Troll’ Study
Sep 30 2013 // The U.S. Federal Trade Commission on Friday took another step toward a comprehensive study of “patent trolls” – companies in the business of buying and asserting patents – to see if they are hurting...
Insurers’ Private Firefighters Give Wealthy Homeowners Extra Protection
Sep 30 2013 // Bill Potter wasn’t eager to abandon his high-end house last month during evacuations forced by a massive Idaho wildfire, but he felt reassured when his insurance company sent a team to protect his home near the...
Mississippi Insurance Chief Sues to Halt Flood Insurance Rate Hikes
Sep 29 2013 // The Mississippi Department of Insurance has filed a lawsuit against the federal government to try to block rates from increasing Oct. 1 in the National Flood Insurance Program. State Insurance Commissioner Mike Chaney said...
Insurance Law, Regulation – Jim Wrynn’s Experience Covers It All
Sep 29 2013 // James J. Wrynn, Esq. served as New York’s Superintendent of Insurance from 2009 to 2012, when he joined the law firm of Goldberg Segalla LLP, which specializes in insurance law. His knowledge and experience are both...
ACE Appoints McGrath, Franchi, Sharp to Lead Program Business
Sep 27 2013 // ACE Commercial Risk Services, the small business division of the ACE Group, has appointed Tom McGrath as senior vice president, head of Programs. McGrath will oversee all underwriting, marketing, and operations for the...
Billions at Stake as BP Oil Spill Trial Enters Next Phase
Sep 27 2013 // BP will battle to hold down fines that could hit $18 billion in a new phase of the Gulf of Mexico trial that will rule on how much oil it spilled in 2010 and judge its efforts to plug its well. Starting on Monday in New...
Groups Say Regulators Allow Unsafe Mexican Trucks on U.S. Roads
Sep 27 2013 // Regulators determined to let Mexican trucks on U.S. roads under a trade deal have downplayed safety shortcomings with companies in a border-crossing pilot program, according to safety, trucking and labor groups. Trucking...
Moody’s: Moderate Reserve Releases in U.S. P/C Industry to Continue
Sep 26 2013 // U.S. property and casualty (P/C) insurers continue to release reserves to support earnings, said Moody’s Investors Service in two recent reports. U.S. P/C insurers released $9.0 billion of reserves during the first...
Snowden Leaks, NSA Activities Complicate Push for Cybersecurity Law
Sep 26 2013 // Senior U.S. officials on Wednesday sought to mend fences with the technology industry as they renewed their pleas for legislation to increase the flow of information about cyber attacks between federal agencies and private...
Cooper Gay Swett & Crawford’s CEO Toby Esser on its Global Business
Sep 26 2013 // Toby Esser is a truly global executive. As the CEO of Cooper Gay Swett & Crawford (CGSC), he coordinates the broker’s far flung operations in the UK, Europe, Asia and South America, as well as North America,...
Webinar: 75% of U.S. Workers Say Employer Unprepared for Disaster
Sep 25 2013 // Driving home the notion that most U.S. employees believe their employers aren’t prepared for a disaster or a major crisis may be one of the best way to get people to take notice that September is National...
B&B Protector Plans, Aspen US Partner for Lawyers Professional Liability
Sep 25 2013 // B&B Protector Plans, Inc. and Aspen US Insurance have partnered for lawyers professional liability, with Aspen US now the carrier for the Lawyer’s Protector Plan (LPP). The program will offer lawyers professional...
Tech Firm Trōv Promises to Reinvent ‘Insurance to Value’ for P/C Industry
Sep 25 2013 // A high tech start-up is promising to raise the standard for determining “insurance to value” by giving property/casualty insurance companies and brokers access to real-time data on their upscale insureds’...
BofA Denies Government Claim of ‘Massive Fraud’ in Trial Over Mortgages
Sep 25 2013 // Bank of America Corp.’s Countrywide unit placed profits over quality in a “massive fraud” selling shoddy mortgages to Fannie Mae and Freddie Mac, a U.S. government lawyer said on Tuesday. The claim came...
Quiet Atlantic Storm Season Humbles Forecasters
Sep 25 2013 // The 2013 Atlantic hurricane season is humbling forecasters by shaping up as the first in almost two decades without a major storm, confounding predictions that it would be more active than normal. It’s been two weeks...
Canada Regulator Urges Re/Insurers to Use Cat Bonds after Flood Disaster
Sep 25 2013 // Canada’s banking regulator is urging insurers to sell catastrophe bonds for the first time to cut the risk of natural disasters, such as the record floods that inundated swathes of downtown Calgary in June. Climate...
Opinion: Energy Industry Liability May Cover Contamination Claims From Colorado Flooding
Sep 24 2013 // Colorado residents and businesses face devastating water inundation that many are dubbing a one-in-500-years weather event. Early reports confirm nearly 2,400 square miles saturated with water causing massive dislocation...
Not So Fast: Driverless Vehicles Face Driver Caution and Other Speed Bumps
Sep 24 2013 // The world has moved quickly from wonder at the idea of driverless cars to impatient expectation. The Cadillac SRX zipping around a test track in suburban Detroit is flashing a sign: Not so fast. The car can pilot itself at...
AIG, Brookfield End Litigation Over Financial Crisis
Sep 24 2013 // American International Group Inc. and Brookfield Asset Management Inc. agreed to end a 2009 lawsuit in which Brookfield sought a judge’s ruling that the insurer’s collapse triggered default provisions in...
