Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
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...
Insurance Risks of Business Travelers
Oct 3 2011 // Business travelers say there’s no substitute for being there. Even though budgets are tight and new technology makes it easy for people to connect virtually anywhere, businesses understand that it is crucial for...
Sportscover: Providing Coverage for Sports and Leisure around the World
Oct 3 2011 // Sports and leisure activities are one of the most ubiquitous pass times the world over. Whether you participate, or just watch, virtually no one is far away from some form of sporting activity. It’s why sports, as a...
Business Moves
Oct 3 2011 // U.S. Risk, American Special Risk Dallas-based managing general agency and surplus line wholesaler U.S. Risk Insurance Group Inc. has acquired American Special Risk Insurance Services, headquartered in Woodland Hills,...
People
Oct 3 2011 // The National Association of Mutual Insurance Companies (NAMIC) presented the Federal Legislator of the Year Award to U.S. Rep. Judy Biggert, R-Ill., at its annual convention in Indianapolis. Biggert currently serves as...
Business Moves
Oct 3 2011 // AssuredPartners, Neace Lukens Florida-based AssuredPartners Inc. has acquired the Neace Lukens, a Kentucky-based insurance agency, as part of a plan to build a national insurance brokerage firm. AssuredPartners is a member...
Surplus Lines Industry Losing Its Edge?
Oct 3 2011 // The surplus lines industry continues to outperform the overall property/casualty industry but its advantage is not what it used to be. According to the annual A.M. Best special report, the surplus lines industry generated...
Fraud Roundup
Oct 3 2011 // Former Controller for Texas Insurer Sentenced for Wire Fraud Scheme The former controller for a Houston-based property/casualty insurance company has been sentenced to 120 months in federal prison for her conviction of...
Business Moves
Oct 3 2011 // McLarens, Washington Oregon Claim Service McLarens Young International has acquired Washington Oregon Claim Service, a middle market claims adjusting firm in the Pacific Northwest. The acquisition is Atlanta-based...
Texas Man Sentenced to 60 Years for $100M Insurance Fraud
Sep 30 2011 // After hearing tearful testimony from several people whose life savings were stolen, a federal judge in Virginia sentenced a former Texas businessman to 60 years in prison for his role in a $100 million life insurance scam...
SEC Concedes Challenges in Probes of Rating Agencies
Sep 30 2011 // The U.S. Securities and Exchange Commission faces hurdles proving wrongdoing at credit-rating agencies, the agency’s enforcement chief said, pointing to the complexity of the cases and the industry’s strong...
Judge Lets Agent Orange Case Against Monsanto Proceed
Sep 29 2011 // Monsanto Co. has lost a bid to close part of a lawsuit alleging the company caused health injuries to residents living near a plant that made the Vietnam War-era U.S. military defoliant “Agent...
Report: Allianz, AXA among Likely Bidders for HSBC Unit Sale
Sep 29 2011 // European insurers Allianz and AXA SA are among the potential bidders for HSBC Holdings Plc’s sale of its general insurance business, which could fetch more than $1 billion, sources familiar with the matter told...
