Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Ratings Recap: Standard Casualty, Grinnell, Erie & Niagara, Northwest GF Mutual
Nov 23 2011 // A.M. Best Co. has upgraded the financial strength rating to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating to “a-” from “bbb” of Texas-based Standard Casualty...
Thanksgiving Day is Top Day For Cooking Accidents
Nov 23 2011 // Serafino Alfe was deep-frying turkeys for an annual fundraiser dinner recently and ended up at the Loyola Burn unit with third-degree burns – the worst – on his leg. “I tripped and fell right into the...
Federal Judge Sides with Netflix in Antitrust Case
Nov 23 2011 // A U.S. judge granted Netflix’s bid to resolve all claims in its favor before trial in an antitrust class action, in which plaintiffs had sought hundreds of millions of dollars in damages. Netflix was sued in 2009,...
Best Affirms Zurich American and Subs ‘A+’ Ratings; Outlook Stable
Nov 22 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Zurich American Insurance Company (Zurich US), headquartered in...
U.S. Healthcare Cuts Minimal, More Pain Looms
Nov 22 2011 // The breakdown of deficit talks in Congress will exact little pain on the U.S. healthcare industry, but it’s a temporary reprieve from steeper cuts that could be put back on the table in 2013. The failure of the...
Transatlantic Agrees to be Acquired by Alleghany for $3.4B
Nov 21 2011 // Transatlantic Holdings Inc., a reinsurer which has been at the center of a buyout battle, has now agreed to be acquired by Alleghany Corp. The cash-and-stock deal is valued at around $3.4 billion. The announced deal could...
Starr International Files $25B Suit Against U.S. Over AIG Takeover
Nov 21 2011 // A company run by former American International Group Inc Chief Executive Maurice “Hank” Greenberg sued the U.S. government for $25 billion, calling the 2008 federal takeover of the insurer unconstitutional. The...
Supreme Court Names Lawyers to Argue Healthcare Case
Nov 21 2011 // The Supreme Court has named an attorney to argue that challenges to President Barack Obama’s healthcare insurance requirements must wait until after that part of the law has taken effect in 2014. The high court also...
Pressman Appointed to Aspen’s Board of Directors
Nov 18 2011 // Aspen Insurance Holdings Limited announced that the Company’s Board of Directors has appointed Ron Pressman to the Board in a non-executive capacity with immediate effect. He has also been appointed to the...
U.S. Ambassador Urges China Not to Interfere in Business
Nov 18 2011 // China should allow domestic and foreign companies to make investment decisions without government interference, the U.S. ambassador to China said on Friday. Ambassador Gary Locke also said the United States would work to...
Texas Family Pleads Guilty in Scheme to Defraud Aflac
Nov 17 2011 // Seven family members, including a former Hidalgo County district court probation officer, have been convicted for their roles in a $3 million scheme to defraud American Family Life Assurance Company (Aflac). In a news...
Lawmaker: Oklahoma Cannot Wait On Insurance Exchange
Nov 17 2011 // A legislative panel exploring the impact of the new federal health care law on Oklahoma will likely suggest that the state should do the minimum amount required to comply with the act, the committee’s chairman...
Holocaust Survivors in U.S. Seek $20B in Nazi-era Policies
Nov 17 2011 // Thousands of aging Holocaust survivors in the U.S. want Congress to clear a path for them to sue European insurance companies they contend illegally confiscated Jewish life insurance policies during the Nazi era and have...
Google Tells Congress Online Anti-Piracy Bill Goes Too Far
Nov 16 2011 // Google Inc. warned U.S. lawmakers on Wednesday that proposed legislation to crack down on foreign websites selling pirated U.S. movies, music or other counterfeit goods goes too far and could depress investment. The...
U.S. Reserves Right to Meet Cyber Attack with Force
Nov 16 2011 // United States reserves the right to retaliate with military force against a cyberattack and is working to sharpen its ability to track down the source of any attack, the Pentagon said in a report made public Tuesday. The...
HK Shares Close Down 2%; Chinese Insurers Slump
Nov 16 2011 // Hong Kong shares slumped on Wednesday, dragged down by weakness in Chinese insurers and property developers, with turnover low as investors became more averse to riskier assets on fears of contagion from Europe’s...
Manulife Expands Asian Reach with Cambodia Unit
Nov 16 2011 // Manulife Financial said it has received approval to establish operations in Cambodia, which will expand the Canadian insurer’s reach into an 11th Asian market. Manulife said in a statement it had “approval in...
Doctors Back ‘Open Market’ Health Insurance Exchanges for States
Nov 16 2011 // The American Medical Association added pressure on U.S. states to steer toward the system that opens doors to all insurers who meet minimum standards as they build up their health insurance exchanges. The influential...
BP Told It Can’t Use Transocean Insurance for Gulf Spill
Nov 16 2011 // A federal judge rejected BP Plc’s bid to use insurance coverage from Transocean Ltd to cover costs stemming from last year’s record oil spill in the Gulf of Mexico. Tuesday’s decision by U.S. District...
Judge Allows Alabama, Louisiana to Seek Punitive Damages in Oil Spill
Nov 14 2011 // A federal judge Monday said Alabama and Louisiana may seek punitive damages from companies including BP Plc for damages arising from last year’s Deepwater Horizon oil spill in the Gulf of Mexico. The decision by U.S....
