Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
G20 Backs Europe’s Plans for Euro Zone Overhaul to Fight Crisis
Jun 20 2012 // Europe won support from world leaders on Tuesday for an ambitious, but slow-moving, overhaul of the euro zone, even as pressure built in financial markets for quicker solutions to its debt crisis that threatens the world...
Arrowhead Marine Program Wants Your Summer Boating Season Business
Jun 20 2012 // San Diego, CA, 06/20/2012 – With summer officially starting today and the boating season already underway, the Marine Program at Arrowhead General Insurance Agency, Inc. is pleased to offer its producers a team of...
PURE Introduces Flood Insurance Product for High-Value Homeowners
Jun 19 2012 // As Hurricane Season begins, Privilege Underwriters Reciprocal Exchange (PURE) has launched a flood coverage suite to owners of well-built, high-value homes across most of the United States. PURE Flood Solutions is a...
Stanford’s Lawyers Plan to Appeal 110-Year Sentence
Jun 19 2012 // Former billionaire Allen Stanford was sentenced in Houston to 110 years in prison on July 14 for running a $7 billion scheme in which he stole money from his investors to finance an extravagant lifestyle in the Caribbean....
U.S. Settles Lawsuit Against Christus Spohn Health System Corp.
Jun 19 2012 // Federal prosecutors say a Texas-based hospital system has paid millions of dollars to settle a false claims lawsuit. Christus Spohn Health System Corp. has paid the United States more than $5 million to settle allegations...
Texas Attorney Convicted of Paying Bribe Money to Judge
Jun 19 2012 // A South Texas attorney has been convicted on charges related to bribing a judge for favorable rulings in court cases, including insurance related litigation. United States Attorney Kenneth Magidson announced that Ray Roman...
U.S., European Union Struggle to Overcome Regulatory Barriers
Jun 19 2012 // The United States and the European Union, stung by past failures to liberalize trade, are struggling over how to tackle regulatory barriers in areas ranging from financial services to chemicals that pose the biggest...
Best Affirms Tower U.S. Pool and Affiliated Companies Ratings
Jun 18 2012 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the pooled and reinsured members of the Tower US Pool. Best also...
Oil Market Shrugs at Imminent Iran Tanker Insurance Ban
Jun 18 2012 // In less than two weeks, Iran’s biggest oil buyers will lose access to the London-based insurance market that protects 95 percent of the world’s tanker shipments against oil spills or catastrophic...
Economic Crisis Challenges Harmonization of U.S. Regulations, EU’s Solvency II
Jun 18 2012 // The EU’s Solvency II regulations get most of the headlines, but there are other regulatory bodies, which are trying to modernize and harmonize the regulations for global insurance companies. Their task has been made...
Facebook Outlines Defense in Messy IPO Case
Jun 18 2012 // Facebook Inc., facing a raft of lawsuits from investors seeking to recoup losses from its botched IPO, laid out on Friday how cascading Nasdaq trading glitches might have stoked the confusion that marred its May 18...
Study Finds Little Earthquake Risk from Fracking
Jun 18 2012 // The fracking drilling technique used to tap shale oil and gas is unlikely to trigger earthquakes, but underground injection of waste water from drilling offers more risks for seismic activity, a new U.S. study said on...
Business Moves – Southeast
Jun 18 2012 // WNS Global, South Carolina An Indian company is slated to open a new facility to process insurance claims and provide insurers other financial and accounting services that could create up to 750 new jobs in South...
Business Moves – East
Jun 18 2012 // American International Group AIG’s property/casualty division Chartis announced the launch of its hospitality and leisure industry practice group, which will provide specialized insurance and risk management products...
Business Moves – Midwest
Jun 18 2012 // Atlas Atlas Financial Holdings Inc. has started selling its core commercial automobile insurance products in Utah, becoming the 31st state where Atlas is actively underwriting. Atlas’ insurance subsidiaries, American...
Wells Fargo Looking to Buy Insurance Brokers, CEO Says
Jun 18 2012 // Wells Fargo & Co., which has been renewing its appetite for acquisitions lately, is interested in buying insurance sales businesses, according to its chief executive. “I love the insurance distribution...
U.S. Insurers’ Reserves Redundant by $11.7B: Aon Benfield Study
Jun 18 2012 // Insurers’ reserves were redundant at year-end 2011 by $11.7 billion — or 2 percent of total booked reserves – compared with $22.0 billion at the year-end of 2010, after the industry released $12.7 billion of...
Future Vision: Will Driving Become Too Safe to Insure?
Jun 18 2012 // What would happen to the auto insurance industry if automobile safety improves to the point that vehicle collisions become relics of the past? That’s the question explored by global consulting and research firm,...
Outlook Is Cautious As Some States See Major Construction Projects
Jun 18 2012 // Apartment Communities May Be Key to Revival The overall construction industry appears to be making a recovery, albeit, a very slow one. Industry watchers say the outlook is better for big utility and public works...
Web Exchange
Jun 18 2012 // IJ Video Highlights Foreign Exposures to U.S. Firms in D&O U.S. companies face many exposures around the globe. Increasingly, they are traced to a crackdown against corporate bribery. Ann Longmore is an executive vice...
