Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Massive Floods Hit Queensland, New So. Wales; 4 Dead, Thousands Evacuated
Jan 29 2013 // Massive summer floods killed four people and forced thousands of people to evacuate their homes across two Australian states on Tuesday, disrupting air and rail travel and coal production. A deluge fed by ex-tropical...
Judge Freezes Assets of Owners of Meningitis-Linked Pharmacy
Jan 28 2013 // A bankruptcy judge on Monday froze the assets of the owners of the pharmacy linked to a deadly U.S. meningitis outbreak. Orders signed by U.S. Bankruptcy Judge Henry Boroff temporarily restrict the owners of New England...
Treasury Pay Czar Allowed Excessive Pay at Bailed-Out AIG, GM: Inspector General
Jan 28 2013 // The U.S. Treasury Department in 2012 failed to curb executive pay at companies rescued with taxpayer funds, the second straight year that it did not live up to its own rules, an internal watchdog said on Monday. The...
Drought Seen Worsening in Plains, Midwest States
Jan 28 2013 // Dry weather continues to plague the drought-stricken U.S. Plains and western Midwest with only light showers and snowfall expected this week, an agricultural meteorologist said on Monday. “The Plains and the...
Florida Too Slow with Obamacare Regulations, Say Democrats
Jan 28 2013 // Florida Democrats expressed frustration with state insurance regulators Friday, accusing them of dragging their feet on drafting policies to comply with the new federal health overhaul. For nearly two years after the...
Antigua May Use Trade Sanctions Against U.S. Copyrights
Jan 28 2013 // The tiny Caribbean nation of Antigua and Barbuda will tell the World Trade Organization on Monday that it intends to use trade sanctions against the United States, which it could enforce by allowing movie downloads without...
Best Affirms AIG, U.S. Property/Casualty Subs Ratings; Outlook Stable
Jan 28 2013 // A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb” of New York-based American International Group, Inc. (AIG), as well as the financial strength rating (FSR) of ‘A’ (Excellent) and...
U.S. Insurers Should Be Stable in 2013, Says S&P
Jan 28 2013 // U.S. insurance sectors are generally poised for stable credit trends in 2013, resulting from strong balance sheets, a stable business climate, and improved enterprise risk management, according to Standard &...
Foodborne Illness Cases Present Complex Coverage Questions
Jan 28 2013 // One of the most heavily litigated insurance issues in coverage liability cases related to outbreaks of widespread foodborne illnesses is the determination of occurrence where multiple people in multiple states are affected...
Court Considers Travelers Case Limiting Class Actions
Jan 28 2013 // The U.S. Supreme this month weighed whether to impose new limits on class-action lawsuits, as it reviewed whether a homeowner’s lawsuit against his insurer belonged in a state court considered friendly to...
Surplus Lines Regulatory Picture for 2013
Jan 28 2013 // State implementation of the Nonadmitted and Reinsurance Reform Act (NRRA), effective July 21, 2011, proceeded relatively smoothly during 2012, albeit with a few hiccups as industry and regulators navigated the transition...
Confie Eyes More Expansion, Push Into Standard Lines
Jan 28 2013 // In 2013 Confie Seguros plans to up its buying spree and expand into standard personal and small commercial lines, while broadening its demographic from being primarily Hispanic focused, the president of the Buena Park,...
Business Moves – Midwest
Jan 28 2013 // Willis North America Willis North America, a unit of global insurance broker Willis Group Holdings, has relocated its Cleveland, Ohio office to 1001 Lakeside Ave., Suite 1600. Willis established a presence in Ohio more...
People – East
Jan 28 2013 // Marsh, the insurance broking division of N.Y.-based Marsh & McLennan Cos., appointed Brenda Shelly as the firm’s new U.S. directors and officers liability (D&O) product leader. Shelly, who has relocated from...
Federal Watchdog Issues Report on Gas Pipeline Safety
Jan 25 2013 // Federal regulators must account for response times in the data they collect from transmission operators on natural gas pipeline incidents, a congressional watchdog agency said this week. The U.S. Government Accountability...
Davos Strives to Make Climate Talk More than Hot Air
Jan 25 2013 // Climate change is back on the global agenda, with debate in the corridors at Davos given fresh impetus by U.S. President Barack Obama and U.N. Secretary-General Ban Ki-moon both highlighting it as top priority this...
Half of 2012’s Global Economic Losses Due to U.S. Natural Disasters: Aon
Jan 24 2013 // While global economic losses were close to average in 2012, insured losses last year were 36 percent higher than the 10 year average ($72 billion vs. $53 billion) because the two most costly events of the year occurred in...
Ratings Roundup: JRG Re, ASSA/Lion Re, TP Re
Jan 24 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Bermuda-based JRG Reinsurance Company, Ltd. and its U.S. affiliates,...
Wildfire Risk High in 2013 Due to Warm Weather, Drought, Warn Insurers
Jan 24 2013 // With a mild winter, relatively warmer weather in general, and drought conditions expected to continue in 2013, the Insurance Institute for Business & Home Safety (IBHS) is urging home and business owners to take action...
President Obama to Nominate White to Head SEC, Renominate Cordray for Consumer Bureau
Jan 24 2013 // President Barack Obama will nominate former federal prosecutor Mary Jo White to head the Securities and Exchange Commission, the White House said on Thursday, showing a desire to have a tough cop policing Wall...
