Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
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...
Northeast Likely to Suffer Significant Damage from Irene
Aug 26 2011 // Hurricane Irene is likely to cause more insured losses in the Bahamas than 1999’s devastating Hurricane Floyd, catastrophe modeler AIR Worldwide said Thursday, even as the storm increasingly tracks toward a weekend...
East Coast Cities, Resorts Prepare for Irene
Aug 26 2011 // North Carolina braced Friday for a direct hit from Hurricane Irene, cities along the U.S. east coast were on alert and millions of beach goers cut short vacations to escape the powerful storm. With more than 50 million...
Irene Causes Extensive Property Damage on Smaller Islands in the Bahamas
Aug 26 2011 // Large and powerful Hurricane Irene roared across the Bahamas archipelago on Wednesday, knocking down trees and destroying homes on a path that officials said posed the greatest threat to the country’s smaller,...
East Coast Earthquake: Fear, Damage Mixed with Relief, Teasing
Aug 26 2011 // For a few minutes from Georgia to Maine, the question rang out: What was that? The answer — a rare East Coast earthquake, magnitude 5.8 — was far down on the list for most not used to the earth shaking beneath them. In...
Hurricane Irene Batters Bahamas, Threatens Carolinas, Northeast
Aug 25 2011 // Hurricane Irene washed away homes in the Bahamas Thursday as its battering winds and rain headed toward the U.S. eastern seaboard including densely populated New York and New England. U.S. emergency officials have urged...
Profits Soar at Australia’s IAG, but Outlook Hits Shares
Aug 25 2011 // Insurance Australia Group, Australia’s top home and car insurer, reported a more than two-fold jump in annual net profit on Thursday but its outlook knocked the shares lower. IAG forecast profit margins of 10-12...
U.S. Risk Names Greer a Senior Broker in Austin Office
Aug 24 2011 // Managing general agency and surplus lines wholesaler U.S. Risk Insurance Group Inc. has appointed Tony Greer as senior broker in its Austin, Texas, office. Greer has five years of experience in the insurance industry and...
Earthquake Tested Safety of East Coast’s Nuclear Plants
Aug 24 2011 // The largest earthquake to hit the East Coast of the United States in 67 years raised concerns on Tuesday about the safety of the country’s nuclear power plants. The 5.8 magnitude quake’s epicenter was just a...
East Coast’s Once-a-Century Earthquake Causes Minor Damage
Aug 24 2011 // A strong earthquake rattled the U.S. East Coast Tuesday, sending tremors as far as Canada, damaging well-known buildings in the nation’s capital and sending scared office workers into the streets. There were no...
Australia’s Suncorp Profit Falls 42%; Hints at Capital Return
Aug 24 2011 // Australian insurer and bank Suncorp reported a 42 percent fall in annual profit on Wednesday, but still beat forecasts and hinted at a capital return once markets stabilized, sending its shares nearly 7 percent higher. But...
