Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Ratings Recap: Sirius, Sunderland Marine, Flagstone Re, Atradius, AmerInst
Oct 9 2013 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Sweden’s Sirius International...
Marketing, Not Medicine, Boosts Robotic Surgery, Misrepesents Safety
Oct 9 2013 // Porter Adventist Hospital in Denver announced last year that Warren Kortz, a general surgeon on the medical staff, was the first in the Rocky Mountain region to use a technique known as robotic surgery to remove gall...
Swiss Re’s Head of Casualty Jayne Plunkett Explains Why It’s a ‘Social Science’
Oct 8 2013 // Jayne Plunkett, possibly the second most well-known person from Iowa after Bill Bryson, heads Swiss Re’s International casualty reinsurance operations. In the interview she explains that, as you’re dealing with...
Montpelier Re Sub Blue Capital Re Files for IPO
Oct 8 2013 // Bermuda-based Montpelier Re Holdings Ltd. and its wholly owned subsidiary Blue Capital Reinsurance Holdings Ltd. have announced that Blue Capital Re “has publicly filed a registration statement on Form S-1 with the...
BP, Government Spar Over How Much Oil Spilled Into Gulf
Oct 8 2013 // Lawyers for BP Plc and the federal government sparred on Monday over the methods competing teams of scientists used to estimate the size of the company’s 2010 oil spill in the U.S. Gulf of Mexico. U.S. District Judge...
Insurers Worried About Data From Federal Health Exchange
Oct 8 2013 // Insurers are getting faulty and incomplete data from the new U.S.-run health exchange, which may mean some Americans won’t be covered even after they sign up for an insurance plan. While it’s not clear how...
Supreme Court Rejects Tobacco Companies’ Appeal of Florida Case
Oct 7 2013 // The U.S. Supreme Court rejected the tobacco industry’s appeal of a Florida ruling that may help thousands of smokers sue cigarette makers over smoking-related illnesses. The nation’s highest court today turned...
Energy Industry Liability May Cover Contamination Claims from Colorado Flooding
Oct 7 2013 // Colorado residents and businesses face devastating water inundation that many are dubbing a one-in-500-years weather event. Nearly 2,400 square miles were saturated with water causing massive dislocation and loss of life....
Clash at Trial: Did BP Lie About Size of Gulf Oil Spill?
Oct 7 2013 // In the frantic days after the 2010 Gulf of Mexico oil spill, BP lied about how much oil was leaking from its Macondo well and took too long to cap it, plaintiffs’ lawyers said at the opening of the second phase of...
People – South Central
Oct 7 2013 // Shreveport, La.-based Specialty Risk Associates Inc. hired three new commercial lines underwriters – Ryan Gore, Laura Schlidt and Patti Haigler. Prior to joining Specialty Risk Associates, Gore worked in underwriting...
EU-U.S. Trade Talks Halted by Shutdown, Complicated by Financial Services Rift
Oct 6 2013 // Even before the cancellation of the latest round of EU-U.S. talks, negotiations to create the world’s largest free-trade deal were getting into difficulty territory. France won a concession to leave European movies...
Stakeholders to TDI: Not So Fast on Marketplace Navigator Rules
Oct 4 2013 // State lawmakers and representatives from health insurance marketplace navigator organizations are questioning both the timing of an effort by Texas regulators to craft rules regarding navigators and the need for rules that...
Is There Coverage for Losses Stemming From Government Shutdown or Default?
Oct 4 2013 // At the time of this writing, the federal government is in a partial shutdown. Essential functions are operating, but certain areas such as national parks are completely closed. While this partial shutdown does not threaten...
Civil Court Cases Face Possible Delays Due to Government Shutdown
Oct 4 2013 // U.S. Justice Department lawyers from New York to San Francisco are asking judges to delay civil cases as the government partially shuts down, and in Manhattan already won a halt to litigation except one trial. The Justice...
Gulf Coast Braces for Flooding from Tropical Storm Karen
Oct 3 2013 // Tropical Storm Karen may bring more than 7 inches (18 centimeters) of rain, isolated tornadoes and power outages to the U.S. Gulf Coast, where it is expected to go ashore over the weekend, forecasters said. Karen, with top...
U.S. Risk, Western World Launch Private D&O, EPL, Fiduciary Liability Program
Oct 3 2013 // U.S. Risk Pro, a division national MGA and surplus lines wholesaler U.S. Risk Insurance Group, Inc., and Western World Insurance Group have launched a new program for private company directors and officers liability. This...
Underwriting, Investment Gains Boosted P/C Insurers’ Bottom Line in First Half 2013
Oct 3 2013 // Private U.S. property/casualty insurers’ net income after taxes rose to $24.5 billion in first-half 2013 from $17.2 billion in first-half of last year. Insurers’ overall profitability as measured by their...
Delaware’s Corporate Courts on Brink of Big Change
Oct 3 2013 // Two of the most important courts for resolving U.S. business disputes, Delaware’s Court of Chancery and its state Supreme Court, may be on the cusp of a dramatic turnover that could affect corporate cases for years...
Court Grants BP Review of Disputed Claims Paid to Gulf Oil Spill Victims
Oct 3 2013 // BP Plc persuaded an appeals court to order a re-examination of key terms of the 2010 Gulf of Mexico oil-spill settlement that the company said could have cost it billions of dollars in improper payouts. BP said the...
Insurer, Cargo Firm Sue FAA Over Payments for Military Crash in Afghanistan
Oct 3 2013 // National Air Cargo Group Inc. and its insurer sued the U.S. for breach of contract, saying the government failed to provide reimbursement of as much as $45 million for the crash of a Boeing 747-400 on a military mission in...
