Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Lloyd’s Posts $822 Million Overall Loss for 2011
Mar 28 2012 // The loss, announced today by Lloyd’s of London, shows just how severe the second costliest year for catastrophes on record for the insurance industry actually was. Lloyd’s announced a loss of £516 million...
Supreme Court Hears More Healthcare Law Arguments
Mar 28 2012 // The fate of President Barack Obama’s healthcare overhaul will be on the line on Wednesday when the U.S. Supreme Court considers whether the entire law must fall without its centerpiece insurance mandate. Completing...
$370 Billion Econ. Losses for 2011; $116 Billion Insured, Says Swiss Re
Mar 28 2012 // Although everyone is more or less aware that 2011 was a very bad year for losses from natural catastrophes, the figures compiled by Swiss Re evince just how bad they actually were. In its latest sigma study the reinsurer...
It’s Tsunami Preparedness Week, Now Go Sell a Policy
Mar 27 2012 // It’s Tsunami Preparedness Week, and that means states that border the Pacific Ocean may be hearing more buzz about the rare but deadly act of nature that poses catastrophic risks to coastal regions. If you’re...
How AIG Will – or Won’t – Generate a Bailout Profit for Taxpayers
Mar 27 2012 // CEO Bob Benmosche says U.S. taxpayers will earn up to $10 billion on the $182 billion rescue of American International Group, the insurance company he runs. Of course, that depends on how one defines...
Supreme Court Gets Florida Dispute Over Vessel vs. Floating Home
Mar 26 2012 // Court documents refer to it as “that certain unnamed gray, two-story vessel approximately 57 feet in length.” To Fane Lozman, it was a floating Florida home never intended to sail the seas. Now, a long-running...
U.S. Supreme Court Upholds West Virginia Law on Arbitration in Nursing Home Cases
Mar 26 2012 // The U.S. Supreme Court has upheld a West Virginia law that allows nursing homes to use pre-dispute arbitration agreements with residents that prevent them from suing in medical malpractice cases. In a recent case, [Marmet...
Supreme Court Begins Healthcare Law Debate
Mar 26 2012 // Two years after President Barack Obama signed into law a healthcare overhaul, the U.S. Supreme Court on Monday took up a historic test of whether it is valid under the country’s Constitution. The sweeping law...
Judge Orders Feds to Begin Proceedings to Remove Antibiotics in Animal Feed
Mar 23 2012 // A federal judge on Thursday ordered U.S. regulators to start proceedings to withdraw approval for the use of common antibiotics in animal feed, citing concerns that overuse is endangering human health by creating...
U.S. Intelligence Report Sees Global Water Conflict Risks Rising
Mar 23 2012 // Fresh water supplies are unlikely to keep up with global demand by 2040, increasing political instability, hobbling economic growth and endangering world food markets, according to a U.S. intelligence assessment released...
Texas’ 2011 Drought Costliest in State History, Researchers Say
Mar 22 2012 // Texas agriculture producers lost $7.62 billion to the state’s 2011 drought, which experts said makes it the costliest drought in the state’s history and possibly the most expensive drought ever suffered by any...
U.S. Treasury’s Geithner Put on Spot for Delayed Insurance Report
Mar 21 2012 // A Republican Congresswoman took an opportunity during a hearing on Tuesday to ask U.S. Treasury Secretary Timothy Geithner why the Federal Insurance Office is late with its report on modernizing insurance regulation. The...
U.S. Chamber, European Business Call for Removing Transatlantic Trade Barriers
Mar 21 2012 // The U.S. Chamber of Commerce and BUSINESSEUROPE have issued the following statement in a letter signed by twelve U.S. and European business associations to President Obama and EU Presidents Van Rompuy and Barroso, calling...
U.S. Exempts 11 Countries from Iran Oil Sanctions; China, India Exposed
Mar 21 2012 // The United States exempted Japan and 10 EU nations from financial sanctions because they have significantly cut purchases of Iranian oil, but left Iran’s top customers China and India exposed to the possibility of...
Municipal Defaults – Already 21 in 2012 – Another Blow for Bond Insurers
Mar 20 2012 // A growing number of U.S. cities are choosing to fund essential services like public safety and garbage collection over making payments on their outstanding debt, as rising costs and falling revenue deplete their...
AmWINS Announces Promotion in Philadelphia Office
Mar 20 2012 // AmWINS Group Inc. promoted Matt Szkotak to branch leader of AmWINS Brokerage of Pennsylvania, located in Philadelphia. Szkotak has been serving as property manager in the Philadelphia office for the past 10 years and will...
Willis Among Targets of Stanford Third Party Class Actions
Mar 20 2012 // Victims of Allen Stanford’s estimated $7 billion Ponzi scheme won a victory when a federal appeals court said they may pursue class-action litigation against third parties they believe aided in the now-convicted...
Court Allows Suspension of Cardinal Health’s Florida Shipping Center
Mar 19 2012 // A U.S. appeals court allowed the government to suspend Cardinal Health Inc.’s license to distribute potentially addictive drugs from a Florida facility, part of the Drug Enforcement Administration’s battle...
2012 Hot Markets: Green Building, Retrofits Offer Growing Opportunity
Mar 19 2012 // This article is part of our Hot Insurance Markets for 2012 special feature. Green homes accounted for 17 percent of the overall residential construction market in 2011. And the trend of going green isn’t expected to...
U.S. Treasury Selling Off $6B in AIG Stock
Mar 19 2012 // The U.S. Treasury Department is selling $6 billion worth of American International Group stock and struck another deal for the insurer to pay down $8.5 billion more in obligations, taking a major step forward in an...
