Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Judge Dismisses Lawsuit Against Dodd-Frank by 11 States and Texas Bank
Aug 1 2013 // A lawsuit by 11 states and a Texas bank challenging the Dodd-Frank law’s financial regulation overhaul was dismissed by a federal judge. U.S. District Judge Ellen Segal Huvelle in Washington Thursday ruled that the...
Cat Bond Issuance Hits 6-Year High: Aon Benfield ILS Report
Aug 1 2013 // Aon Benfield Securities, the investment banking division of global reinsurance intermediary and capital advisor Aon Benfield, has issued it latest report – The Insurance-Linked Securities Second Quarter 2013 Update...
Corporate ‘Sleuths’ on Edge after China Detains Foreign Consultants
Aug 1 2013 // The detention by Chinese authorities of a British corporate investigator and his American wife in the wake of a corruption probe into pharmaceutical giant GlaxoSmithKline has had a chilling effect on other risk consultants...
Rates Up Moderately in U.S. in Q2 But Down Elsewhere: Marsh
Jul 31 2013 // Insurance rates in most major regions including Latin America, Asia-Pacific, the UK and continental Europe declined modestly in the second quarter of 2013, while rates in the U.S. rose moderately, according to insurance...
Florida, Georgia Say Individual Insurance Rates to Spike Under Obamacare
Jul 31 2013 // Florida and Georgia, two states where politicians oppose U.S. President Barack Obama’s healthcare law, said this week that insurance rates for individuals would rise sharply in 2014 under the reform. The remarks are...
U.S. Safety Rule for Oil Trains Delayed for Year
Jul 31 2013 // The Obama administration has delayed by nearly a year a plan to boost safety standards for the type of rail car involved in a fiery explosion that killed at least 47 people in Canada this month. Officials began work on the...
Mercedes Most Popular Luxury Car Among U.S. Thieves
Jul 31 2013 // Daimler AG’s Mercedes-Benz vehicles were the most sought-after luxury brand among U.S. car thieves from 2009 through 2012 as the New York City region had the greatest number of thefts, an insurance industry group...
World Fuel Doubts Quebec Rail Crash Cleanup Payment Order is Legal
Jul 31 2013 // U.S. fuel logistics company World Fuel Services Corp said on Tuesday it has “serious objections” to being ordered by the Quebec government to help pay for the cleanup of the devastating railway crash in...
Toronto Dominion Bank Warns of Insurance Losses from Weather Claims
Jul 31 2013 // Toronto-Dominion Bank, Canada’s second-largest lender, said it will take a third-quarter charge after tax of C$418 million (US$406 million) due to recent severe weather in Alberta and Ontario and to boost its...
Crop Insurance, High Crop Prices Leading to Eco-Catastrophe: Environmental Group
Jul 31 2013 // Sustained high prices for corn, soybeans and wheat combined with record U.S. crop-insurance payouts are encouraging farmers to plow fragile lands and put ecosystems at risk, an environmental advocacy group said. Northern...
Alabama Coastal Residents Bracing for Major Flood Insurance Increases
Jul 30 2013 // Flood maps aren’t due out for Alabama until next December, but the specter of rising flood insurance premiums is undeniable. Congress, seeking to undo the damage done to the National Flood Insurance Program after...
Judge Says Bernanke Should Testify in Greenberg’s Suit Against Bailout
Jul 29 2013 // A U.S. judge said Federal Reserve Chairman Ben Bernanke should be required to testify in the lawsuit by the former chief of American International Group Inc., Maurice “Hank” Greenberg, against the United States...
Victims in Meningitis Outbreak Cleared to File Product Liability Suits
Jul 29 2013 // Victims in Tennessee of a deadly U.S. meningitis outbreak won the right to pursue a new avenue of litigation against healthcare facilities and doctors there, after a ruling by a U.S. bankruptcy judge this week. Tennessee...
Could Halliburton’s Plea Help BP in Oil Spill LIability Battle?
Jul 29 2013 // P Plc appeared to gain an edge in the battle over liability for the 2010 Gulf of Mexico spill on Friday, after Halliburton abandoned one of its arguments that tried to paint the British oil company as unconcerned about...
U.S. Court Rejects Firm’s Challenge to Obamacare Contraception Mandate
Jul 28 2013 // A divided federal appeals court on Friday rejected a Pennsylvania cabinet maker’s religion-based challenge to the 2010 healthcare law’s requirement that larger companies provide workers with health insurance...
Chubb Q2 Profit Jumps 43% to $579M; Renewal Rates Up in All Business Units
Jul 26 2013 // The Chubb Corp. reported its 2013 second quarter net income of $579 million, a 43.3 percent increase from $404 million net income posted a year ago. The company said it benefited from higher rates and stronger underlying...
RenaissanceRe Forms Specialty Reinsurance Agency for U.S. Market
Jul 26 2013 // RenaissanceRe Holdings Ltd. has formed RenaissanceRe Underwriting Managers U.S. LLC, a specialty reinsurance agency based in Connecticut, which will support the growth of new products and services in the United States...
New York Regulators Query 20 Reinsurers About Iran Ties
Jul 26 2013 // New York’s financial regulators asked 20 more reinsurance companies Wednesday for information about business with Iran in violation of U.S. sanctions, including measures they’ve taken to ensure they don’t...
AAIS Adds Three New Staff Positions
Jul 26 2013 // The American Association of Insurance Services (AAIS) has added three new positions to its staff. Scott Sheldon, an auto insurance product manager who spent 13 years with GEICO, has been named vice president for auto...
Best Affirms Catlin Group and Subs Ratings; Outlook Stable
Jul 26 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 Catlin Insurance Company Limited (CICL),...
