Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
U.S. Airlines and Lost Luggage Liability
Dec 26 2011 // With so many people flying over the holidays, there’s a good chance some of these travelers will end up at their final destination without their luggage. Nearly four of every 1,000 passengers filed a complaint about...
Ironshore Names Boren Head of U.S. Field Operations
Dec 22 2011 // Specialty insurer Ironshore Inc. has appointed Joseph L. Boren as executive vice president of Ironshore Insurance Holdings, LLC and as president of U.S. Field Operations. John O’Brien, currently president of...
Mines Must Disclose Safety Violations to Investors Under New SEC Rules
Dec 22 2011 // Mining companies will need to disclose to investors information about health and safety violations under new rules adopted on Wednesday by the U.S. Securities and Exchange Commission. The rules, which are required by last...
Ratings Roundup: Heritage, Euler Hermes (US)
Dec 22 2011 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Calif.-based Heritage Indemnity Company, both with stable outlooks. The ratings of...
Ratings: Transsib Re, Tokio Marine Pacific, MAPFRE Panama, Union Nationale, Sovereign (NZ), Labuan Re, Tugu, ARIG
Dec 22 2011 // A.M. Best Europe – Rating Services Limited has upgraded the issuer credit rating to “bb+” from “bb” and affirmed the financial strength rating of B (Fair) of Russia’s OJSC Transsiberian...
Best Affirms Beazley and Lloyd’s Syndicates 2623, 623, 3623, 3622 Ratings
Dec 21 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength ratings of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Lloyd’s Syndicate 2623, Lloyd’s...
Fed Proposes Rules to Restrain Wall Street Risk-Taking
Dec 21 2011 // The Federal Reserve proposed new rules on Tuesday to restrain risk-taking by the largest U.S. banks as it tries to make the financial system more resilient against future crises. The proposal, required by the 2010...
Aon to Pay $16.2 Million to Settle Bribery Charges
Dec 21 2011 // Insurance brokerage firm Aon Corp. will pay $16.2 million to settle criminal and civil charges that it paid bribes to foreign government officials over more than two decades, the U.S. government said on Tuesday. Under a...
Tokio Marine to Buy Delphi Financial for $2.7 Billion
Dec 21 2011 // Tokio Marine said on Wednesday it will buy U.S. insurer Delphi Financial Group for $2.7 billion, the latest in a string of deals by Japan’s second-largest property-casualty insurer aimed at growing outside its mature...
XL Hires Another ACE Executive for Its New York Team
Dec 20 2011 // XL Group’s North America primary casualty group appointed industry veteran Jay Lefkowitz to a newly created position of head of U.S. risk management. Lefkowitz is based in New York and reports to Ken Riegler, who is...
Best Comments on Allianz U.S. Operations Rating Actions
Dec 20 2011 // A.M. Best has taken the somewhat unusual step of issuing a comment on its downgrading of the issuer credit ratings (ICR) to “aa-” from “aa” and the affirmation of the financial strength rating (FSR)...
Best Affirms FSR’s; Downgrades ICR’s of Allianz U.S. Units; Ratings on Review/Negative
Dec 20 2011 // A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and downgraded the issuer credit ratings (ICR) to “aa-” from “aa” of Allianz Global Corporate & Specialty...
Financial Services Oversight Rules Possible This Week
Dec 19 2011 // The Federal Reserve is expected to release this week a highly anticipated proposal for how it will oversee the largest U.S. banks, a person familiar with the plan said on Monday. The proposal, which includes a group of...
US Government Accuses Oregon Aircraft Contractor Of Fraud
Dec 19 2011 // A Coos Bay, Ore. company and its owner accused of defrauding the U.S. government by supplying defective and counterfeit aircraft parts have been indicted on fraud and money laundering charges. A grand jury named Kustom...
2 North Carolina Counties Near U.S. Top in Pay Growth
Dec 19 2011 // Times may be tough, but new data show the average worker in six of North Carolina’s largest counties got a pay raise greater than inflation last year. The U.S. Bureau of Economic Analysis says average annual...
Deficit Poses the Biggest Threat to U.S. Healthcare
Dec 19 2011 // A mounting U.S. deficit could pose a much greater threat to the survival of President Barack Obama’s healthcare reforms than either the Supreme Court or 2012 elections. Many health experts say innovations in...
Ratings Roundup: MAPFRE USA, AXA US,
Dec 19 2011 // A.M. Best Co. has downgraded the financial strength rating to ‘A’ (Excellent) from ‘A+’ (Superior) and issuer credit ratings to “a+” from “aa-” of MAPFRE USA Group following...
Best Places Aviva’s U.S. Subsidiaries Ratings under Review/Negative
Dec 16 2011 // Following its rating actions on the UK-based Aviva plc, A.M. Best Co. has placed under review with negative implications the financial strength rating (FSR) of ‘A ‘(Excellent) and issuer credit ratings (ICR) of...
Best Upgrades First Hawaii Ratings to ‘A’ on Tokio Marine Takeover
Dec 16 2011 // A.M. Best Co. has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of First of Hawaii Group and its members....
Insurance Australia Group to Acquire New Zealand Insurer AMI
Dec 16 2011 // Insurance Australia Group Limited (IAG) announced it had entered into an agreement to purchase the AMI insurance business for NZ$380 million (approximately A$288 million [US$287.96 million), enhancing its position as New...
