Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
U.S. Risk Names Troester VP, Manager of New Oregon Branch
Sep 18 2012 // U.S. Risk Insurance Group Inc. named Tim Troester vice president and branch manager for the newly formed Portland, Ore. branch of U.S. Risk Brokers Inc. Troester’s focus at U.S. Risk will be to develop relationships...
Insurer Group PCI Names Wienecke as Senior VP for Government Relations
Sep 17 2012 // The Property Casualty Insurers Association of America (PCI) has named Nathaniel F. Wienecke its senior vice president, federal government relations. Wienecke comes to PCI after three years at JPMorgan Chase & Co.,...
Judge Fines Las Vegas Sands Corp. $25,000 in Termination Lawsuit
Sep 17 2012 // A Nevada judge has fined Las Vegas Sands Corp. $25,000, citing its failure to disclose important information in a lawsuit filed by a fired executive against the casino company. Clark County District Judge Elizabeth...
Former N.J. School Chief Sentenced for Insurance Kickback Scheme
Sep 17 2012 // The heralded former superintendent of New Jersey’s fourth-largest school district was sentenced last Friday to 11 years in prison in a corruption case that the judge called the worst case of public corruption...
More Employers Offering Consumer-Driven Health Plans: Survey
Sep 17 2012 // Consumer-driven health plans (CDHPs) have surpassed health maintenance organizations to become the second most common plan design offered by U.S. employers, according to a survey from Aon Hewitt. Preferred provider...
US Brokers’ Employees Attend London’s Beazley Broker Academy at Lloyd’s
Sep 17 2012 // A bulletin from Lloyd’s notes that “high potential employees from US broking firms will spend the coming week in London, standing in the shoes of the Lloyd’s underwriter and gaining a detailed...
FDIC Director Says U.S. Should Reject Basel III Pact
Sep 17 2012 // The United States should reject Basel III bank capital standards if the international panel that drafted them does not make dramatic changes to the rules, a director at the U.S. Federal Deposit Insurance Corp. said on...
US Renews Waivers of Iran Sanctions for Japan, EU Nations
Sep 17 2012 // The United States has renewed waivers on Iran sanctions for Japan and 10 European countries because they cut their purchases of the OPEC nation’s crude oil, Secretary of State Hillary Clinton said on Friday. The...
Cat Models – More Accurate, More Sophisticated and More Useful
Sep 17 2012 // Catastrophe models have become such an indispensable tool for re/insurers, particularly those who write P&C catastrophe coverage, that it’s hard to believe the service is only 25 years old. It was launched in...
Young Illegal Immigrants May Get Driver’s Licenses
Sep 16 2012 // When 17-year-old Alondra Esquivel needs to get from her rural central California home to classes at Fresno State University 20 miles (32 kilometers) away, she must rely on rides from her relatives or her boyfriend. Most...
Swiss Re’s Chief Economist on the State of the Global Economy
Sep 14 2012 // “The European debt crisis is affecting the global economy, definitely,” said Kurt Karl, Swiss Re’s chief economist in an interview at the recent Reinsurance Rendezvous in Monte Carlo. He did indicate that...
Hurricane Isaac Insured Losses to Reach $1-$2 Billion: RMS
Sep 14 2012 // U.S. insured losses from Hurricane Issac’s wind and surge impacts on the U.S. Gulf Coast will fall between USD$1−2 billion, excluding rainfall driven flood losses and all National Flood Insurance Program losses,...
More Transparency Urged for U.S. Financial Oversight Units
Sep 14 2012 // The new U.S. financial risk council should publicly share more details about its closed-door meetings on emerging risks to markets, a congressional watchdog report has found. The Government Accountability Office said the...
Best Affirms Ratings of Catlin Group Limited’s U.S. Subsidiaries
Sep 14 2012 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” of Catlin Insurance Company, Inc. (CICI), which is based in Houston, Catlin Specialty...
Penn. Commissioner: Washington Slow to Give Guidance on Healthcare Law
Sep 13 2012 // Testifying before Congress this week, Pennsylvania Insurance Commissioner Michael Consedine offered a blistering critique of the way the federal government is coordinating the implementation of the Affordable Care Act. In...
In Penn. Lawsuit, ACE Accuses OneBeacon of Poaching Employees
Sep 13 2012 // ACE American Insurance Company recently filed a lawsuit against OneBeacon U.S. Holdings Inc. In its lawsuit, filed in Pennsylvania, ACE alleges that OneBeacon poached the entire eight member-team that made up ACE’s...
Minnesota Woman Loses Music Downloading Appeal
Sep 13 2012 // A U.S. woman accused of sharing songs online owes record companies $222,000 for willful copyright violations, a federal appeals court in Minneapolis, Minn., said reversing a lower court’s ruling in a long-running...
U.S. Lawsuits Target Carnival in Italy Cruise Crash
Sep 13 2012 // Hundreds of passengers from the stricken Italian cruise ship Costa Concordia and up to 1,000 businesses on the island where it ran aground are pressing ahead with lawsuits in the U.S. against Miami-based Carnival Corp.,...
Financial Firms Having to Adjust to Aggressive Consumer Protection Bureau
Sep 13 2012 // The new federal agency charged with enforcing consumer finance laws is emerging as an ambitious sheriff, taking on companies for deceptive fees and marketing and unmoved by protests that its tactics go too far. In the 14...
Aspen US Insurance Expands Marine Capabilities
Sep 12 2012 // Aspen US Insurance will expand its marine capabilities in the U.S. by offering brown water hull, protection & indemnity, and marine liabilities coverages. These new product offerings result from Aspen US Marine’s...
