Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Lloyd’s D&O Won’t Pay Stanford’s Fraud Defense
Nov 14 2010 // Accused swindler Allen Stanford may not use $100 million in a Lloyd’s of London directors and officers insurance policy to pay the lawyers defending him on charges of running a $7 billion fraud, a U.S. judge in Texas...
Lloyd’s New Director of North America, McGovern, Navigates Turbulent Waters
Nov 14 2010 // Addressing Changes in EU and U.S. Regulations; North American Lloyd’s Reorganization Sean McGovern, Lloyd’s general counsel and, since February 2010, the director of Lloyd’s North America, may still have...
Insurance and Going Green
Nov 14 2010 // What to Know About Green Commercial Building Insurance Read the news lately and it feels like everything – from cars to grocery bags – has gone green. While recent events, such as 2009’s Copenhagen Climate Change...
U.S. Fights Against Health Care Fraud
Nov 14 2010 // The Fight Against Health Care Fraud Affects More Than Reporting Firm The U.S. Department of Health and Human Services has been conducting regional seminars aimed at identifying best practices for providers, law enforcement...
Bond Insurer Ambac Files for Bankruptcy
Nov 14 2010 // Ambac Financial Group Inc., which was the second-largest U.S. bond insurer before suffering huge losses on risky mortgages, filed for Chapter 11 bankruptcy on Nov. 8. The filing cements Ambac’s decline from a company...
Elections Stir Up Political Mix in Midwest
Nov 14 2010 // Republicans made big gains across the United States – and the Midwest was no exception – in the November 2 midterm elections. Across the country, GOP gains gave the party its largest number of seats in state...
Ratings: Global Indemnity/Wind River Re, Connaught, Tugu Triple-S Propiedad, Arab Re
Nov 12 2010 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘B+’ (Good) and the issuer credit ration of “bbb-” of Guernsey-based Connaught Insurance Company...
Health Insurers, Drugmakers Oppose Repeal of Obama Healthcare Overhaul
Nov 12 2010 // Repeal reform? No thanks, say health insurers, drugmakers and others looking for a clearer picture of the U.S. healthcare market after the bruising passage of the controversial overhaul law. Company executives at the...
Catlin’s Interim Statement Highlights Premium Gains
Nov 12 2010 // The Bermuda-based Catlin Group Limited’s interim management statement highlighted some significant premium increases in certain lines. The bulletin said: “Group-wide net premiums earned increased by 13 percent...
Outcome of G20 Summit in Seoul
Nov 12 2010 // World leaders said they would work to tackle global economic “tensions and vulnerabilities” that have raised fears of currency wars and trade protectionism as they wrapped up a Group of 20 summit in Seoul on...
Key Facts and Provisions of U.S.-South Korea Trade Deal
Nov 11 2010 // The United States and South Korea are working to resolve beef and auto trade issues blocking U.S. congressional approval of a free trade agreement while President Barack Obama is in Seoul for the Group of 20 summit. An...
World War I Remembered; Could it Have Been Different?
Nov 11 2010 // Armistice Day/Veteran’s Day – the “war to end war;” the dead, the wounded and the missing. Almost faded from memory now – 92 years after it ended – the “Great War,” World War...
ING Plans Europe, U.S. Insurance IPOs
Nov 10 2010 // Dutch bancassurance group ING said on Wednesday it planned two initial public offerings, rather than one, for its insurance activities as part of a mandatory split-up imposed because of its state bailout. Chief executive...
Florida Attracts 3 More Reinsurers Under Lower Collateral Rule
Nov 9 2010 // Florida insurance officials have agreed that three Bermuda-based reinsurers can participate in Florida’s insurance marketplace without having to post millions of dollars in extra collateral. The Office of Insurance...
Bond Insurer Ambac Files for Bankruptcy
Nov 9 2010 // Ambac Financial Group Inc., which was the second-largest U.S. bond insurer before suffering huge losses on risky mortgages, filed for Chapter 11 bankruptcy Monday. The filing cements Ambac’s decline from a company...
U.S. Risk Names Wafer an Associate Broker in Houston
Nov 8 2010 // Managing general agency and surplus lines wholesaler, U.S. Risk Insurance Group Inc., has named Elizabeth Wafer an associate broker working with Ann Meyer, senior broker, in the Houston, Texas, office. Wafer brings with...
Seek U.S. Markets ACE UK Tells British Business, but Be Careful
Nov 8 2010 // An analysis from ACE UK points out that international trade has taken a major role in the newly elected governing coalition’s economic plans. The U.S. is Britain’s principle trading partner, with 40 percent of...
Cooper Gay Targets U.S. Casualty Business with London Appointment
Nov 8 2010 // Cooper Gay is moving ahead with plans for U.S. expansion following its recent amalgamation with Swett & Crawford. The broker announced the appointment of Galen Brislane, a U.S. casualty specialist, to focus on...
Manchin U.S. Senate Win Elevates Democrat Tomblin to Governor Post
Nov 5 2010 // West Virginians essentially chose a new state chief executive when they voted to send Gov. Joe Manchin to the U.S. Senate, but his Tuesday win has also forced to the forefront questions about the succession process. Senate...
U.S. Seeks to Shut Massey Mine in Kentucky Over Safety
Nov 4 2010 // Mine safety regulators have filed a motion against a company owned by Massey Energy , claiming safety violations at one of its mines in Kentucky, the U.S. Department of Labor said Wednesday. It said its Mine Safety and...
