Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
North Dakota’s Dorgan Joins Board of The Climate Corporation
Oct 12 2011 // Weather insurance provider WeatherBill has changed its name to The Climate Corporation and added former U.S. Sen. Byron Dorgan of North Dakota to its board of directors. The San Francisco-based company says the name change...
FBI Gets Immunity for Wreck of Ferrari in Michigan Insurer Case
Oct 12 2011 // A judge has dismissed a lawsuit against the U.S. government over the wreck of a $750,000 Ferrari driven by an FBI agent, saying federal law grants immunity if property is being held by law enforcement. The wreck of the...
U.S. Regulators Propose Threshold for Defining Systemic Risk Firms
Oct 12 2011 // U.S. regulators pondering which non-bank financial firms are large enough to warrant additional oversight have proposed a $50 billion asset threshold in conjunction with levels of debt and derivatives. The Financial...
Best Affirms OneBeacon Group’s Ratings; Outlook Stable
Oct 11 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of the operating companies comprising Minnesota-based OneBeacon Insurance...
U.S. to Reveal Criteria for Systemic Risk Insurers Today
Oct 11 2011 // U.S. regulators Tuesday are set to give nervous insurance companies, mutual funds and other big players in financial markets a better idea of whether they will be tapped for the same type of additional government scrutiny...
2nd Man Pleads Guilty in Houston in New York Tour Boat Insurance Case
Oct 11 2011 // A second man has pleaded guilty in Houston in a case involving the sale of insurance to a New York tour operator whose boat capsized in 2005 killing 20 elderly tourists, federal officials reported. Edmund Hugh Benton, 63,...
California Rep Introduces Earthquake Insurance Affordability Act in House
Oct 7 2011 // California’s U.S. Rep. John Campbell (R-48), who today introduced H.R.3125 – companion legislation to S.637 introduced by U.S. Sen. Dianne Feinstein earlier this year. Both bills would strengthen the...
Officials Urged to Keep Minimum Health Benefits Affordable
Oct 7 2011 // An advisory group urged U.S. officials to formulate a set of essential health benefits under President Barack Obama’s healthcare overhaul that is in line with cost of insurance in a typical small employer plan. The...
Jansen and Hastings Launch Cove MGA
Oct 6 2011 // Two veterans in the London insurance marketplace have come together again to launch a new underwriting agency with a focus on U.S.-based homebuilders. Paul Jansen and Kevin Hastings have launched Cove Programs, a newly...
Self-Reported Drunk Driving Incidents Fall
Oct 6 2011 // Drunken driving incidents have fallen 30 percent in the last five years, and last year were at their lowest mark in nearly two decades, according to a new federal report. The decline may be due to the down economy: Other...
Republican Report Backs Incentives for Corporate Cybersecurity
Oct 6 2011 // A Republican task force in the House said Congress should give companies incentives to boost their cyber defenses, but that tougher regulation may be warranted to protect critical facilities like power and water...
Number of U.S. Deer-Vehicle Collisions Falls 7 Percent
Oct 5 2011 // For the third consecutive year, the number of deer-vehicle collisions in the U.S. has dropped, according to Illinois-based State Farm Insurance. And the downturn is accelerating. The percentage decline over the last year...
N.Y.-based U.S. RE Hires Reinsurance Veteran Polkinghorne
Oct 5 2011 // Global reinsurance broker U.S. RE Corp. has appointed reinsurance veteran Scott Polkinghorne as senior vice president. He will be based at the company’s headquarters in Pearl River, N.Y. Polkinghorne is a reinsurance...
Boeing Arrest Points to Workplace Drug Problem
Oct 4 2011 // The arrest of more than three dozen people on drug charges at a Boeing military aircraft plant highlights the growing problem of prescription drug abuse by U.S. workers, according to experts. Federal authorities last...
2011 Sets New Record for Federal Disaster Declarations
Oct 3 2011 // The year 2011 will go down as a record-setting year when it comes to federal disaster declarations, industry analysts say. With another three months left in 2011, and hurricane season continues until November 30, the...
Supreme Court Rejects Internet Music Copyright Case
Oct 3 2011 // The Supreme Court let stand Monday a ruling that a traditional Internet download of sound recording does not constitute a public performance of the recorded musical work under federal copyright law. The justices refused to...
9 Years Later: Lloyd’s Chairman Peter Levene
Oct 3 2011 // Lord Peter Levene, chairman of Lloyd’s, is leaving the company after nine years at the helm. He is the longest serving Lloyd’s chairman in 125 years and oversaw tremendous change at the international insurance...
Supreme Court to Hear Federal Healthcare Mandate
Oct 3 2011 // The Obama administration cleared the way for the Supreme Court to decide in its 2011-12 term the president’s signature healthcare law that requires Americans to buy insurance or face a penalty. A Justice Department...
Cross Border Claims Frustrate Auto Carriers
Oct 3 2011 // Staged automobile accidents in Canada’s most populated province of Ontario pose a unique problem for American auto insurers that must deal with Ontario’s stringent no-fault benefits. Some U.S.-based adjusters...
People
Oct 3 2011 // State Auto Insurance’s previously announced Austin, Texas, claims facility is now operational, the company reported. The following individuals serve on the claims team at the Austin facility: Sandra Robinson, claims...
