Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
U.S. Judge Halts Ecuador Damages Enforcement Against Chevron
Mar 8 2011 // A U.S. judge Monday halted enforcement of an $18 billion award against Chevron Corp, siding with the oil company against Ecuadorean plaintiffs in a long-running dispute over Amazon rain forest pollution. The move comes...
QBE Completes Acquisition of RenRe’s U.S. Insurance Operations
Mar 8 2011 // Australia’s QBE announced that it has completed its acquisition of the U.S. admitted insurance businesses of Renaissance Re, which include a U.S. crop and small specialist program insurance business. QBE said the...
Rising Seas Could Threaten 180 U.S. Cities by 2100
Mar 7 2011 // Rising seas spurred by climate change could threaten 180 U.S. coastal cities by 2100, a new study says, with Miami, New Orleans and Virginia Beach among those most severely affected. Previous studies have looked at where...
NAIC, EU Regulators Hold Meeting on International Insurance Regulation
Mar 7 2011 // As business becomes more globalized, the financial services industry, including insurance, has recognized the need to keep up with the changing times. Both U.S and European Union regulators have therefore embarked on...
People
Mar 7 2011 // Giddings, Texas-based independent insurance agency, Insurance Network of Texas, announced that agency founder R.J. Nitsche passed his responsibilities as CEO to his son, Robert. Robert Nitsche most recently served as chief...
Midwest Prepares for Massive Spring Flooding
Mar 7 2011 // One of the snowiest winters on record for the Midwest and northern U.S. Plains have crop watchers worried about a repeat of the massive flooding that hit one of the world’s top grain producing regions in...
States Must Decide if Workers’ Comp Benefits Extend to Illegal Workers
Mar 7 2011 // The U.S. Supreme Court recently declined to hear a workers’ compensation insurance case that concerned an illegal immigrant in Louisiana who had sought coverage after a workplace accident. The Court’s refusal...
Judge Stays Healthcare Ruling, Gives White House Appeal Deadline
Mar 4 2011 // A U.S. judge Thursday put on hold his ruling that President Barack Obama’s healthcare overhaul was unconstitutional, allowing the White House to continue implementing the landmark legislation for now. But U.S....
Republicans to Re-launch U.S. Flood Insurance Overhaul
Mar 4 2011 // Draft legislation to overhaul the U.S. National Flood Insurance Program will be unveiled next week, said the Republican chairman of a congressional insurance oversight panel Thursday. Representative Judy Biggert told...
Aon Benfield’s Cat Report Highlights NZ Quake, Cyclone Yasi
Mar 4 2011 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., has released the latest edition of its Monthly Cat Recap report, which reviews the natural disaster perils that occurred worldwide during...
Report: Illinois Insurance Regulator McRaith in Line to Head U.S. Insurance Office
Mar 3 2011 // The Obama administration was expected soon to name an Illinois state insurance regulator to head the new Federal Insurance Office, said sources familiar with the matter Thursday. Michael McRaith, seen as the front-runner...
U.S. Treasury Expects $6.3 Billion from AIG’s MetLife Sale
Mar 3 2011 // American International Group Inc. sold $9.6 billion worth of MetLife Inc. shares on Wednesday, producing gross proceeds of about $6.3 billion to accelerate its payback of U.S. Treasury bailout funds. AIG and the Treasury...
Mississippi Firm Sued for Hiring Bias By Non-Immigrants
Mar 2 2011 // A Mississippi company that pleaded guilty to conspiracy related to the largest U.S. workplace raid on illegal immigrants is now facing a lawsuit accusing it of discriminating against non-immigrants who applied for jobs. A...
Holocaust Survivors Want U.S. to Push European Insurers on Payments
Mar 2 2011 // Aging survivors of the Nazi Holocaust plan to protest outside a political fundraiser in Miami Beach featuring President Barack Obama this week to publicize their struggle to collect what they say is $20 billion in Jewish...
Senate Amends Patent Reform Bill, Vote Could Come This Week
Mar 2 2011 // The U.S. Senate voted Tuesday to strip controversial provisions out of a bipartisan bill to revamp the U.S. patent system and clear a years long backlog of patent applications. The vote was 97 in favor and two...
Swiss Re Estimates Christchurch Quake Claims at App. $800 Million
Mar 2 2011 // Swiss Re has announced that, based on current information, it provisionally estimates its claims cost from the earthquake in New Zealand on February 22nd to be approximately $800 million, net of retrocession and before...
California Proposes to Disable Itself From Taxing 100% of Surplus Lines Premium
Mar 1 2011 // A California legislator has proposed a surplus lines bill — one effect of which will reduce California’s surplus lines premium tax revenues. On Feb. 9, 2011, California Assembly Member Solario introduced Assembly...
Security Officer at Massey West Virginia Mine Charged in Probe
Mar 1 2011 // The head of security at Massey Energy’s Upper Big Branch mine was arrested Monday on charges he impeded investigators and lied to them as they probed an explosion at the West Virginia mine that killed 29...
MBIA Shareholder Lawsuit Revived by Federal Appeals Court
Mar 1 2011 // A federal appeals court on Monday gave new life to a shareholder lawsuit accusing MBIA Inc of securities fraud over a reinsurance transaction that caused the bond insurer to restate six years of results. The 2nd U.S....
Validus Comments on NZ Quake Loss Estimates; Q1 Loss Activity
Mar 1 2011 // Bermuda-based Validus Holdings, Ltd. Has issued a comment on worldwide loss activity occurring in the first quarter of 2011, including the February 22 New Zealand earthquake. The 6.3 magnitude earthquake which struck the...
