Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Aon Benfield’s 2012 Cat Review Finds 36% Rise in Insured Losses at $133 Billion
Jan 24 2013 // Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has published its Annual Global Climate and Catastrophe Report along with the establishment of a new website, Catastrophe Insight,...
Texas Chiropractor Pleads Guilty to Defrauding Auto Insurers
Jan 24 2013 // A Bryan, Texas, chiropractor has entered a plea of guilty to engaging in a conspiracy to defraud various automobile insurance companies of more than $3 million, according to United States Attorney Kenneth Magidson. Chase...
Ex-Stanford Executive Gets 5 Years in $7B Swindle
Jan 23 2013 // The star prosecution witness in the trial of convicted Texas financier R. Allen Stanford was sentenced Tuesday to five years in prison for helping to bilk investors out of more than $7 billion in one of the biggest Ponzi...
P/C Insurers See ORSA Value to Their Business: Survey
Jan 23 2013 // Many property/casualty insurers are beginning to implement pending Own Risk and Solvency Assessment (ORSA) regulatory requirements in advance of their 2015 effective date and finding the process can be a valuable business...
Supreme Court Won’t Hear Retaliation Case Against Sears
Jan 23 2013 // The U.S. Supreme Court on Tuesday refused to consider whether Sears Holdings Corp. improperly fired a former supervisor who objected to how the retailer handled a sexual harassment probe she helped conduct. Without...
Migrants Could Qualify For Arizona Driver’s Licenses
Jan 22 2013 // Updated guidelines by federal authorities could possibly open the door for young illegal immigrants to get driver’s licenses in Arizona. The Department of Homeland Security announced Friday that those who receive...
Supreme Court to Hear Stanford Ponzi Lawsuits, Workplace Bias Case
Jan 21 2013 // The U.S. Supreme Court last Friday agreed to hear four new cases, addressing matters as diverse as the reach of a law designed to combat chemical weapons, and whether lawyers could be sued for having once represented...
Marsh Names U.S. D&O Liability Product Leader in New York
Jan 18 2013 // Marsh, the insurance broking division of Marsh & McLennan Cos., announced that Brenda Shelly, a veteran management liability broker and underwriter, has been appointed the firm’s new U.S. directors and officers...
Kansas, Missouri Could Be Hit by Disaster Aid Fight
Jan 18 2013 // Midwesterners accustomed to generous government aid after ice storms, floods and tornadoes may soon have to look somewhere else for help when disaster strikes. Even as the U.S. House on Jan. 15 passed a $50.7 billion aid...
U.S. Issues Mine Safety Rule on Patterns of Violations
Jan 18 2013 // Labor Secretary of Labor Hilda L. Solis announced a final rule to strengthen safety in the nation’s most dangerous mines. Solis said that the rule, which revises the Mine Safety and Health Administration’s...
No Relief In Sight for Drought-Stricken Plains States
Jan 18 2013 // Dry weather should continue through at least the end of January in the drought-stricken U.S. Plains and a blast of Arctic cold air in the Midwest early next week poses a threat to unprotected livestock and possibly some...
Many Hostages in Gas Plant Siege Unaccounted for; New Terrorist Threats
Jan 18 2013 // At least 22 foreign hostages were unaccounted for on Friday and their al-Qaeda-linked captors threatened to attack other energy installations after Algerian forces stormed a desert gas complex to free hundreds of captives,...
ThinkRisk, Aspen U.S. Partner to Offer Media, Technology, Privacy E&O Program
Jan 18 2013 // Ryan Specialty Group’s (RSG) ThinkRisk Underwriting Agency and Aspen US Insurance have entered into a new underwriting partnership. ThinkRisk will transition its existing converging risk program –specialized errors...
Insurance Executives Say Ongoing Budget Battles Will Harm U.S. Economy
Jan 17 2013 // Leaders of the property/casualty insurance industry believe Washington’s ongoing budget fracas will have a negative impact on the U.S. economy, according to a survey conducted by the Insurance Information Institute...
Media Firms Join Fight Against Delaware Business Court’s ‘Secret’ Dealings
Jan 17 2013 // Major U.S. news organizations have urged a federal appeals court to prevent Delaware from allowing sitting judges to arbitrate business disputes in private, saying the system raised suspicions of preferential treatment for...
Genworth Separates Mortgage Insurance Unit, Reduces Bond Default Risk
Jan 17 2013 // Genworth Financial Inc. on Wednesday said it was reorganizing itself to separate its mortgage insurance business from the rest of the company, reducing the risk of default on its bonds and sending its shares up 9...
Huge Sahara Gas Plant Hostage Siege Turns Mali War Global
Jan 17 2013 // Islamist gunmen holding dozens of Western hostages and scores of Algerians at a gas plant deep in the Sahara desert let some them speak to the media on Thursday to warn that they would be blown up if the site is...
Heavy-Duty Restricted Guns Legally Sold in Texas
Jan 16 2013 // In a heavily guarded store just southwest of Houston, twin .50-caliber “Ma Deuce” machine guns rise up side by side from a mount that could be bolted to the deck of a warship or truck bed. The guns can fire...
Starr Investments Wins $77M Damages in China Media Firm Case
Jan 16 2013 // A Hong Kong arbitration panel has ruled that China MediaExpress Holdings Inc. was a “fraudulent enterprise” and awarded $77 million to Starr Investments, a firm run by former AIG chief Maurice Greenberg, a U.S....
Aon Benfield ILS Report Notes $1.89 Billion Issued in Q4; $6.25 Billion in 2012
Jan 16 2013 // In its latest report on the insurance-linked securities (ILS) market, which reviews the key trends witnessed during the fourth quarter of 2012, Aon Benfield Securities, the investment banking division of global reinsurance...
