Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
People
Dec 5 2010 // Frost Insurance in Austin, Texas promoted Sheri Smyth to vice president of personal lines. Smyth, a 23-year insurance industry veteran, manages the personal lines department’s growth and retention efforts, and...
Fireman’s Fund Ready to Rally
Dec 5 2010 // Company Progressing on Mass Market Strategy Fireman’s Fund’s financials, like other insurance carriers’, got bruised a little in the first half of 2010, following some heavy catastrophe losses. But...
Employers With Foreign Labor Face Increased Liability
Dec 5 2010 // Insurance Considerations for Agents Insuring Agricultural Employer Every state has been impacted by Arizona’s immigration law, as there is now a cry for immigration reform. Employers who hire a questionable workforce...
Declarations
Dec 5 2010 // Get on the Bandwagon “You’re not going to get any more mortality (business) with the things you’re doing now.” —Douglas French, managing principal of Ernst & Young’s insurance advisory...
Talk About the Weather
Dec 5 2010 // Floods, Windstorms, Droughts, Heat Waves and Wildfires There was a time in the not-so-distant past when events such as these would have been considered somewhat unusual in Europe. But these days, extreme weather events are...
Tropical Storm Risk on ‘Remarkable’ 2010 Hurricane, Typhoon Seasons
Dec 3 2010 // To mark the end of the 2010 Atlantic hurricane season, Tropical Storm Risk (TSR), which provides resources for predicting and mapping tropical storm activity worldwide and is co-sponsored by Aon Benfield, has issued a...
Dutch Insurer Aegon to take $290 Million Charge from U.S. Restructuring
Dec 2 2010 // Dutch insurer Aegon NV will cut up to 500 jobs in the United States and discontinue sales of certain types of life insurance policies, it said on Wednesday, leading to $290 million in restructuring charges and...
US Plans to Press China on Trade at Dec. 14-15 Meeting
Dec 2 2010 // The United States will press China to make a number of trade reforms to open its market to more U.S. goods and services at a high-level bilateral meeting this month, the U.S. officials said Wednesday. The Dec. 14-15...
How BP’s Gulf Oil Disaster Costs Could Double
Dec 1 2010 // Analysts’ dividend forecasts point to steady recovery BP, analysts, may be underestimating legal charges BP has history of low-balling long-term cost of disasters “Gross negligence,” punitive damages not...
Euro Crisis Worries Spread; U.S. to Send Treasury Envoy
Dec 1 2010 // Global concern about the debt crisis rocking the euro zone mounted on Wednesday, with Washington sending a top U.S. Treasury envoy to Europe and G20 officials discussing the turmoil in a conference call. A day after...
Federal Judge Dismisses Challenge to Obama Health Care Law
Dec 1 2010 // A federal judge in Virginia Tuesday dismissed a lawsuit challenging the landmark healthcare law championed by President Barack Obama, upholding key provisions that require health insurance coverage. The challenge, one of...
Auto, Homeowners Insurance Costs in Ohio Well Below National Average
Nov 30 2010 // Ohio consumers pay $226 less for homeowners insurance than the U.S. average and nearly $167 less for auto insurance than the U.S. average, according to a report updated by the Ohio Insurance Institute (OII). The homeowners...
US Sees Progress in Easing Climate Change Row with China
Nov 30 2010 // Washington claimed progress Monday in easing rifts with Beijing on ways to fight global warming as U.N. climate talks got under way in Mexico with warnings about the rising costs of inaction. The United States and China,...
Extremely Active Atlantic Hurricane Season was a ‘Gentle Giant’ for U.S.
Nov 29 2010 // The 2010 Atlantic hurricane season, which ends tomorrow, was one of the busiest on record, according to the National Oceanic and Atmospheric Administration. In contrast, the eastern North Pacific season had the fewest...
Drivers Beware When Deer Search for Mates
Nov 24 2010 // Paula Reid was cruising at the speed limit on U.S. 460 in Virginia, near Montvale, her big BMW sedan slicing through the dark highway’s miles. Then, thwack. “Out of nowhere she hit me,” Reid, 49, of...
Ratings Recap: National Guaranty, Standard Casualty, Affiliates RRG
Nov 24 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of National Guaranty Insurance Company of Vermont (NGIC), both with stable outlooks. The...
U.S. Treasury Hires Adviser to Sell Government’s Shares in AIG
Nov 24 2010 // The U.S. Treasury hired Greenhill & Co. to help it dispose of its investment in bailed-out insurer American International Group, which the Treasury will own 92.1 percent of from early next year. The 18-month contract...
SAP to Pay $1.3 Billion Damages to Oracle for Copyright Infringement
Nov 24 2010 // SAP AG must pay Oracle Corp $1.3 billion for software theft in a jury verdict that could be the largest-ever for copyright infringement. The decision, by a U.S. district court jury in Oakland California, drew a gasp from...
Swiss Re: Investment Managers Face ‘New, Challenging Environment’
Nov 23 2010 // Swiss Re’s latest sigma study, #5/2010, – “Insurance investment in a challenging global environment” – warns that a “low yield environment coupled with tighter regulatory standards could...
Melting Siberian Permafrost Raises Tricky Climate Issue
Nov 23 2010 // The Russian scientist shuffles across the frozen lake, scuffing aside ankle-deep snow until he finds a cluster of bubbles trapped under the ice. With a cigarette lighter in one hand and a knife in the other, he lances the...
