Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Tropical Storm Andrea Hits Florida; Warnings Posted for Eastern U.S.
Jun 6 2013 // Tropical Storm Andrea pelted Florida’s northern Gulf Coast on Thursday and was forecast to drench much of the U.S. Southeast as it cuts across Georgia and up the Atlantic coast, the National Hurricane Center...
U.S., Global Natural Disasters Exact Heavy Toll in May: Aon Benfield
Jun 6 2013 // Severe weather in May caused an estimated $4 billion in insured damage in the U.S. alone and billions more in economic losses around the globe, according to an Aon Benfield report. The Global Catastrophe Recap by Aon...
China Says It Has Data on U.S. Cyber Attacks, Calls for Cooperation
Jun 6 2013 // China’s top Internet security official says he has “mountains of data” pointing to extensive U.S. hacking aimed at China, but it would be irresponsible to blame Washington for such attacks, and called for...
Silicon Valley At Front Line Of Global Cyber War
Jun 5 2013 // Chinese President Xi Jinping and American counterpart Barack Obama will talk cyber-security this week in California, but experts say the state’s Silicon Valley and its signature high-tech firms should provide the...
AIG CEO Comments on ILFC Sale, ‘Systemically Important’ Classification
Jun 5 2013 // American International Group Inc. Chief Executive Officer Robert Benmosche raised doubt about whether the company will complete a sale of its plane-leasing unit to a Chinese investor group by a deadline this...
Mortgage Insurer Triad Guaranty Files for Bankruptcy Protection
Jun 4 2013 // Triad Guaranty Inc., a residential mortgage insurer, sought bankruptcy court protection from creditors, citing losses related to the U.S. economic slowdown, housing crisis and unemployment. The company, based in...
Bermuda Minister Rejects Tax Haven Label; Sees Insurance Growth
Jun 4 2013 // Bermuda is not to blame for companies such as Google using Bermudan subsidiaries to shelter billions of dollars from U.S. and European tax authorities, the territory’s finance minister said on Monday. Google has come...
East, Gulf Coast Insured Properties Top $10 Trillion: AIR
Jun 3 2013 // The estimated insured value of residential and commercial properties in just the coastal counties of the U.S. East and Gulf Coast states now exceeds $10 trillion. The estimated value of these properties in the coastal...
Best Affirms Mitsui Sumitomo’s U.S. Subs Ratings; Upgrades Aioi Nissay U.S.
Jun 3 2013 // In conjunction with its affirmation of the parent company, A.M. Best Co. has also affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit ratings (ICR) of “aa” of...
Cyber Security Threats Pose ‘Stealthy, Insidious’ Danger – U.S. Defense Chief
Jun 3 2013 // Defense Secretary Chuck Hagel said on Friday that cyber threats posed a “quiet, stealthy, insidious” danger to the United States and other nations, and called for “rules of the road” to guide...
China to Study Possibility of Joining U.S-Led Trade Talks
Jun 3 2013 // China will study the possibility of joining the Trans-Pacific Partnership (TPP) trade talks, the Commerce Ministry said on Thursday, signaling its openness to the U.S.-led trade pact. “We will analyze the pros and...
Top 10 U.S. Insurers in Tornado-Stricken States: SNL Financial
Jun 3 2013 // The Moore, Oklahoma tornado, which killed 24 people, was the deadliest tornado to touch down during a nearly weeklong outbreak across the U.S. Midwest and South Central regions. The states hardest hit have been Kansas,...
Property Market Stayed Stable in Q1; Sandy Effect on Rates Muted: Marsh
Jun 3 2013 // The property insurance market remained relatively stable and competitive in the first quarter of 2013, with few changes to limits purchased and deductibles, according to a benchmarking report from broker Marsh. Superstorm...
Why Clients Might Need Foreign Voluntary Workers’ Comp
Jun 3 2013 // In spite of videoconferencing, social media and other new technologies, many businesses depend on their key executives and top sales people to travel overseas to meet with clients in person, to negotiate with foreign...
Injured Workers Opioid Use on Rise in California, Washington
Jun 3 2013 // Editor’s Note: This is part of a larger report on opioid use by injured workers. This particular part covers the U.S. Western Region. A national story appeared in the last issue of Insurance Journal. That article can...
Is European Hurricane Model Better Than U.S. Model?
May 31 2013 // When forecasters from the National Weather Service track a hurricane, they use models from several different supercomputers located around the world to create their predictions. Some of those models are more accurate than...
Central U.S. Warned of Severe Storms With Tornadoes, Floods Today
May 31 2013 // Severe thunderstorms, baseball-sized hail, flooding and possibly tornadoes may sweep across parts of Oklahoma, Missouri and Arkansas today, according to the U.S. Storm Prediction Center. There’s a 45 percent chance...
Best Affirms State Farm Companies, Affiliates and Subs Ratings
May 31 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of State Farm Mutual Automobile Insurance Company (SFMAIC) and its...
Former U.S. Federal Reserve Insurance Counsel Frank Alerte Joins Colodny, Fass, Talenfeld, Karlinsky, Abate & Webb
May 31 2013 // Ft. Lauderdale, FL, 5/31/13 – Frank Alerte, a former executive insurance counsel at the U.S. Federal Reserve, Guy Carpenter and BB&T, has joined the law and governmental consulting firm of Colodny, Fass,...
AIG Ends a Bailout-Related Lawsuit Against N.Y. Federal Reserve
May 30 2013 // American International Group Inc. has agreed to end litigation against the Federal Reserve Bank of New York over whether the insurer retained the right after its 2008 taxpayer-funded bailout to sue over losses on...
