Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
ICC Says Impact of Counterfeiting/Piracy to Reach $1.7 trillion by 2015
Feb 3 2011 // A new report released from its Paris headquarters by the International Chamber of Commerce (ICC) indicates that the global economic and social impacts of counterfeiting and piracy will reach US$1.7 trillion by 2015 and put...
Predictive Modeling Improving Insurers’ Bottom Lines, Market Share
Feb 2 2011 // Property/casualty insurance carriers currently utilizing predictive modeling continue to see their bottom lines improve and almost 4 out of 10 say it has helped them increase market share. For this and other reasons,...
Lawyer for Wisconsin Abuse Accuser Says Vatican Refuses Lawsuit
Feb 2 2011 // The attorney for a man who says he was sexually abused decades ago by a now-deceased priest at a Wisconsin school for the deaf says the Vatican has refused to be served with a lawsuit over the matter. St. Paul attorney...
Best Withdraws Ratings of Various QBE U.S. Subsidiaries Following Reorganization
Feb 2 2011 // A.M. Best Co. has withdrawn the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Blue Ridge Insurance Company (BRIC) (Sun Prairie, WI), United Security...
Florida Gov. Scott May Not Implement Healthcare Law
Feb 1 2011 // Florida’s Republican Governor Rick Scott signaled Tuesday that President Barack Obama’s landmark healthcare overhaul may not be implemented in the state as a legal battle over the law appears headed to the...
Study: Red Light Cameras Reduce Fatal Crashes
Feb 1 2011 // Red light cameras saved 159 lives between 2004 to 2008 in 14 of the biggest U.S. cities, a new analysis by the Insurance Institute for Highway Safety shows. Had cameras been operating during that period in all large...
Federal Judge in Florida Rules Healthcare Law Must Be Voided
Jan 31 2011 // A federal judge in Florida struck down President Barack Obama’s landmark healthcare overhaul as unconstitutional Monday in the biggest legal challenge yet to federal authority to enact the law. U.S. District Judge...
Marsh Sees Soft Commercial Insurance Market Continuing
Jan 31 2011 // Another report indicates that soft commercial insurance market conditions that persisted throughout the U.S. in 2010 will continue into 2011. Key commercial insurance market drivers from 2009—including intense...
Investors Face Rising Risks However Egypt Plays Out
Jan 31 2011 // If President Hosni Mubarak clings to power, investors will re-price Egyptian and regional assets to brace for weeks, months or possibly years of heightened political risk. If he goes, global markets could still react with...
Wyoming Roads Deadliest in U.S. in 2009
Jan 28 2011 // A national survey says Wyoming led the nation with the highest number of traffic deaths per capita in 2009. The study conducted by the National Highway Traffic Safety Administration says Wyoming had 24.6 deaths per 100,000...
Home Foreclosure Filings Up in Louisiana Metro Areas
Jan 28 2011 // Five Louisiana metropolitan areas saw home foreclosure activity jump in 2010 as the national housing crisis spread from its initial hot spots, a tracking firm said. Irvine, Calif.-based RealtyTrac said foreclosure filings...
Chubb Reports Q4, 2010 Results; Expects Australia Flood Losses
Jan 28 2011 // The Chubb Corp. reported that net income in the fourth quarter of 2010 was $620 million, compared to $695 million in the fourth quarter of 2009. For the year ended Dec. 31, 2010, net income was $2.2 billion, the same as in...
Divided Financial Crisis Panel Spreads the Blame
Jan 27 2011 // A deeply divided U.S. investigative panel issued a scathing critique of the culture of deregulation championed by Former Federal Reserve Chairman Alan Greenspan, saying the government had ample power to avert the financial...
Australia Imposes New Tax to Fund Flood Recovery
Jan 27 2011 // Australia’s minority Labor government imposed a reconstruction tax and cut environmental spending on Thursday to help fund the recovery from this month’s devastating floods, and immediately ran into opposition...
Toyota Recalls 1.7 Million Vehicles as Quality Woes Mount
Jan 26 2011 // Toyota Motor Corp said it would recall more than 1.7 million vehicles worldwide, bringing its total for recalls to nearly 16 million since late 2009 and dealing a blow to its efforts to restore its reputation for...
Catlin Readies Launch of 3rd Arctic Survey; Focused on World’s Ocean Currents
Jan 26 2011 // Bermuda-based, London headquartered insurer Catlin announced the launch of its third Arctic Survey, which it said “will focus on evolving conditions in the Arctic Ocean that could cause changes in ocean currents that...
Business Moves
Jan 24 2011 // Combined Agents, Elliott Insurance, HC&H Insurance Austin, Texas-based Combined Agents of America LLC (CAA) has added two new agency members, one located in Kansas and one in North Texas. With the addition of the two...
United States Proposes to Open Roads to Mexican Trucks
Jan 24 2011 // The Obama administration on Jan. 6 proposed a new inspection and monitoring regime to permit long-haul trucks from Mexico on U.S. highways after years of delays over safety concerns and political wrangling. The...
Business Moves
Jan 24 2011 // United Fire & Casualty, Mercer Insurance Group Iowa-based insurer United Fire & Casualty is acquiring New Jersey-based Mercer Insurance Group in a deal valued at $191 million. The merger is expected to close in the...
Allied World U.S. Enhances Standard Lawyers Platform
Jan 24 2011 // Allied World has enhanced its Standard Lawyers platform to ease administration and expand coverage offerings. Beginning on February 1, the company will enhance coverage for both new and renewal business to include the...
