Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
People
Apr 4 2011 // The Obama administration has officially named Illinois state insurance regulator Michael McRaith to head the new Federal Insurance Office. McRaith, currently the head of the Illinois Department of Insurance, will run the...
People
Apr 4 2011 // The Obama administration named Michael McRaith to head the new Federal Insurance Office. McRaith, currently the head of the Illinois Department of Insurance, will run the Federal Insurance Office set up under 2010’s...
Alabama Nuclear Plant Cites Superior Safety
Apr 4 2011 // A U.S. nuclear plant in Alabama similar in design to the earthquake-hit Fukushima facility in Japan has multiple defenses to prevent and tackle the same kind of emergency, its operator said. Safety features at the Browns...
Growth of Clean Tech Industry Delivers New Exposures, Opportunities
Apr 4 2011 // Backed by government policy and growing public support, demand for technology that is both clean and sustainable has increased substantially in the United States, Europe, Asia and other parts of the world over the last...
April 1st International News
Apr 1 2011 // Ireland to become 1st U.S. State The Irish are fed up with European Union demands that they raise their corporate tax rate – currently 12.5 percent – if they want some help in repaying the enormous loans the...
U.S. Traffic Deaths Dropped to New Low in 2010
Apr 1 2011 // U.S. traffic deaths dropped by 3 percent to a record annual low of 32,788 for 2010 even as motorists drove more in an improving economy, projected government figures showed Friday. Fatalities have dropped 25 percent over...
GE Unlikely to Face Liability in Japanese Nuclear Crisis
Apr 1 2011 // The Japanese nuclear crisis has created a public-relations headache for General Electric, but the company so far has escaped any legal fallout, and many experts expect it will continue to do so. GE designed the Mark 1...
Ratings Recap: Omega US, Real State, USPlate, Safety
Mar 31 2011 // A.M. Best Co. has placed under review with negative implications the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Illinois-based Omega US Insurance, Inc., a...
Shake-Up at AIG’s Chartis; Moor Out, Hancock In as CEO
Mar 31 2011 // American International Group, Inc. (AIG) today announced a reorganization of Chartis, its global property/casualty business, and named a new management team, including a new chief executive officer, Peter D. Hancock,...
Black Brokers’ Bias Suit Against Bank of America/Merrill Dismissed
Mar 31 2011 // Bank of America Corp. won the dismissal of a bias lawsuit by black financial advisers at the former Merrill Lynch & Co. who said they were paid lower bonuses than white counterparts to stay on when the companies...
Bank of America Wins Dismissal of Suits Over Merrill Lynch
Mar 30 2011 // A Manhattan federal judge dismissed two lawsuits seeking to force Bank of America Corp. to sue former Merrill Lynch & Co. executives and directors over losses in mortgages and other risky debt. The ruling was issued...
U.S. Business Group Says Doha Round Hopes Fading
Mar 29 2011 // Chances for a deal this year in long-running world trade talks are fading and likely will remain remote unless world leaders become personally involved, an influential U.S. business group said Monday. “At the...
2010 Nat Cats, Disasters Cost $218 Bn – $43 Bn Insured; Says Swiss Re
Mar 29 2011 // According to Swiss Re’s latest sigma study, worldwide economic losses from natural catastrophes and man-made disasters were $218 billion in 2010, more than triple the 2009 figure of $68 billion. The losses cost the...
Arizona Regulator Selected for International Supervisory Forum
Mar 28 2011 // The National Association of Insurance Commissioners (NAIC) announced that Steve Ferguson, assistant director of the Arizona Financial Affairs Division, has been selected as the U.S. representative to the International...
Employers Rewarded for Insuring Early Retirees Under Healthcare Reform
Mar 28 2011 // When President Barack Obama signed his healthcare overhaul into law a year ago, some U.S. companies were quick to flag — and write down — the millions of dollars they stood to lose as a result of one aspect of...
New Jersey, Home to Oldest U.S. Nuke Plant, Reviewing Safety
Mar 28 2011 // New Jersey, the most densely populated state and home to the nation’s oldest nuclear power plant, created a task force Friday to review safety and emergency response plans at nuclear plants in light of the disaster...
NYC Marks 100th Anniversary of Deadly Factory Fire
Mar 28 2011 // Hundreds of people gathered Friday in Manhattan’s Greenwich Village neighborhood to mark the 100th anniversary of the Triangle Shirtwaist factory fire that killed 146 people and helped galvanize the U.S. labor...
Former U.S. Sen. Thompson Opposes Tennessee Governor’s Damages Cap
Mar 25 2011 // Former U.S. Sen. Fred Thompson says legislation that seeks to limit monetary damages from lawsuits in Tennessee is unnecessary and that a jury should decide how much is awarded and not state government. The proposal by...
Former NAIC Pres. Atchinson to Head Geneva Ass’n. Institutional Relations
Mar 25 2011 // The Geneva Association, an important international insurance think tank, announced that Brian Atchinson has been appointed as Acting Head of Institutional Relations. He is a former President of the National Association of...
U.S. P/C Insurers’ Results for 2010 Get ‘Mixed Review’ from A.M. Best
Mar 24 2011 // The U.S. property/casualty insurance industry’s financial results for 2010 represented a mixed bag, with some good results and some that are of concern, according to a leading rating organization. A.M. Best Co....
