Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
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Sep 5 2011 // David J. Bresnahan has been named president of Lexington Insurance Co., the surplus lines unit of Chartis Insurance. He is succeeding Peter Eastwood, who is moving into his new role as president and chief executive officer...
Terrorism 10 Years After
Sep 5 2011 // Ten years after the events of Sept. 11, 2011, terrorism remains a significant risk both globally and within the United States. The need to be vigilant against those who would harm innocent people in the name of whatever...
Fitch: Hurricane Irene Losses Manageable
Sep 2 2011 // Hurricane Irene, while inflicting severe economic damage, will come in far behind the most severe storms to strike United States in recent years, according to a new report by Fitch Ratings. At over $45 billion of insured...
Best Affirms Catlin Insurance Companies Ratings; Outlooks Stable
Sep 2 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of ‘a’ of Bermuda-based Catlin Insurance Company...
Gulf Coast Told to Keep Eye on Possible Storm
Sep 1 2011 // A low-pressure system pushing northwest through the Gulf of Mexico has a strong chance of becoming a tropical cyclone in the next two days and threatening U.S. states on northern coast of the gulf, the National Hurricane...
Customer Satisfaction with Home Insurers Improves, Says J.D. Powers
Sep 1 2011 // Customer satisfaction with homeowners insurance companies this year is up from 2010, but still remains below levels achieved in 2009. Overall satisfaction with homeowners insurance companies averages 769 in...
Irene’s Impact on Private Insurance Markets
Aug 31 2011 // The $7 billion in estimated losses from Hurricane Irene compound the vast damage caused by weather in the United States this year. Yet despite billions they’ve paid out for floods, tornadoes and earthquakes, big...
Judge Blocks Punitive Damages in Fossamax Claim Against Merck
Aug 31 2011 // A federal judge on Tuesday threw out part of a bellwether lawsuit against Merck & Co. over claims that its osteoporosis drug Fosamax causes jaw damage. The plaintiff, Linda Secrest, may pursue her claim that Fosamax...
Irene’s Impact on Fragile U.S. Economy
Aug 31 2011 // The struggling U.S. economy should escape largely unscathed from Hurricane Irene and may even get a boost from reconstruction. Irene, which killed about 40 people when it dumped 5 to 15 inches (12 to 38 cm) of rain over...
Can Federal Flood Insurance Handle Irene Losses?
Aug 31 2011 // The only thing worse than getting flooded out of your home once is getting flooded out of it twice. Or, for that matter, over and over again. Margaret Wert bought her Wayne, New Jersey house in 1999, relying on assurances...
Irene Insured Losses in U.S. at $3-$6 Billion; P/C Pricing Unlikely to Turn
Aug 29 2011 // Hurricane Irene caused $3 billion to $6 billion in insured losses, catastrophe modeling company AIR Worldwide said Monday, affirming the insurance industry’s suspicion the impact was not as bad as feared. In the days...
Irene Insured Losses Significant But Figures Still Uncertain
Aug 29 2011 // Hurricane Irene is expected to have caused substantial property losses, though figures are still hard to come by because of uncertainty about wind damage, catastrophe modeling company Eqecat said Monday. The storm may have...
AIR Estimates Irene Insured Caribbean Losses at $500 Million to $1.1 Billion
Aug 29 2011 // AIR Worldwide has estimated that insured losses in the Caribbean from Hurricane Irene will be between $500 million and $1.1 billion. AIR said it “expects the Bahamas will account for more than 60 percent of the...
8 Dead as Typhoon Nanmadol Slams Northern Philippines
Aug 29 2011 // Slow-moving Typhoon Nanmadol remained dangerous Sunday despite weakening as it struck the tip of the mountainous northern Philippines, leaving at least eight people dead and scuttling a visit by a U.S. Navy battleship...
U.S. to Reimburse States for Most of Irene’s Damage
Aug 29 2011 // Hurricane Irene could cost U.S. state and local governments billions of dollars in damages, but funds from the federal government might ultimately cover much of this expense. It is too early to estimate the cost of the...
Irene Floods Northeast; Manhattan Spared Worst
Aug 29 2011 // Hurricane Irene swept through Manhattan Sunday but reserved the worst of its fury for towns and suburbs up and down the northeastern United States, where driving rain and flood tides inundated homes and cut power to...
Unhappy Investors Want Bank of America Mortgage Case Moved to Federal Court
Aug 29 2011 // Investors objecting to Bank of America Corp.’s $8.5 billion settlement of claims over losses on mortgage-backed securities are seeking to send their dispute to federal court, potentially delaying a resolution of one...
Judge Allows Punitive Damage Claims for Gulf Oil Spill to Move Ahead
Aug 29 2011 // Plaintiff lawyers claimed a victory on Friday when a U.S. federal judge overseeing hundreds of lawsuits against BP and others over last year’s big oil spill in the Gulf of Mexico allowed much of the case to move...
Investors Placed Their Bets On Hurricane Irene
Aug 28 2011 // While people in New York and the rest of the U.S. East Coast on Friday were buying batteries and water ahead of Hurricane Irene, some investors were more focused on placing their bets just in case this really is “the...
Hurricane Irene Update: 50 Million People Could Be Affected
Aug 26 2011 // Parts of the southeastern United States were already experiencing dangerous swells and rip tides Thursday as Hurricane Irene exited the Bahamas. On Friday afternoon, ahead of Hurricane Irene’s forecasted arrival in...
