Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
U.S., AIG Exit Plan Faster, Riskier, Perhaps Profitable for Taxpayers
Sep 30 2010 // American International Group Inc. laid out a plan Thursday that sets the insurer on an accelerated path for payback of bailout money, but it also increases the risk for the U.S. government. The plan, which comes a little...
Best Affirms ‘A’ Ratings of QBE Insurance Group and Subsidiaries
Sep 30 2010 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength ratings of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of UK-based QBE Insurance (Europe)...
U.S. Expects Plan to End Government Ties to AIG By Next Week: Report
Sep 29 2010 // The Obama administration hopes to announce by next week a plan to end its support of insurance giant American International Group Inc., the New York Times reported Tuesday, quoting unnamed sources. That announcement would...
AIG Board to Meet Today to Weigh U.S. Exit Plan
Sep 29 2010 // American International Group Inc.’s board will meet later Wednesday to discuss a plan that would allow the U.S. Treasury to exit its investment in the bailed-out insurer, AIG Chairman Steve Miller said. Miller said...
Liberty Mutual Blames Market for IPO Delay; Analysts Cite High Valuation
Sep 29 2010 // Liberty Mutual Agency Corp. postponed indefinitely its planned initial public offering, quashing hopes that the planned $1.2 billion flotation could give a needed jolt to the U.S. IPO market. The property and casualty...
Help Wanted: U.S. Insurance Chief; Salary to $179K, Good Benefits; D.C. Office
Sep 29 2010 // The U.S. Treasury is looking for a Director of the Federal Insurance Office. The full-time job pays $119,554 to $179,700 per year depending on experience. Applications will be accepted from all qualified individuals until...
Lloyd’s CFO Comments on Lower Profits, Investments, Russia Office
Sep 29 2010 // As Lloyd’s published its first half results, Luke Savage, the chief financial officer, had a busy day on Tuesday. But he spoke briefly with Insurance Journal on some of the issues the report on the first half...
Medical Benefits Biggest Cost in Calif. Workers’ Comp System
Sep 28 2010 // The sagging economy took a toll on California’s covered work force and payroll in 2008, but the California workers’ compensation system remains the largest in the United States, accounting for more than 1 out...
How to Reform Copyright Law, Damages for Hi-Tech Age: Report
Sep 28 2010 // A group of experts on copyright law and policy have released a report that explores reforms to the U.S. copyright system. One of the recommendations would improve liability protection for non-commercial uses of copyrighted...
Lloyd’s Sees Record Claims, Continued Pricing Decline; Considers Russia Office
Sep 28 2010 // The Lloyd’s of London insurance market revealed that record claims from disasters including the Chilean earthquake and U.S. oil spill halved its profits, and said it saw no respite from a steady decline in...
Lloyd’s Chaucer to Launch New International Liability Division
Sep 24 2010 // Lloyd’s insurer Chaucer has outlined its plans for the launch of a new International Liability Division by the end of the year, according to a bulletin on the Lloyd’s web site. “The move follows a series...
Massey CEO Accuses Feds of Lying in West Virginia Mine Probe
Sep 23 2010 // The embattled chief executive of Massey Energy has accused federal regulators of not making a genuine effort to investigate the explosion that killed 29 miners and injured two at the company’s Upper Big Branch mine...
Report: U.S. West Coast Not Prepared for Tsunami
Sep 23 2010 // A report from the National Academies of Science says the West Coast of the United States remains ill-prepared for a tsunami. The seismologist who led the review of tsunami preparedness says an earthquake on the offshore...
Bank of Montreal Eyes U.S., China Acquisitions for Insurance Group
Sep 23 2010 // Bank of Montreal is on the hunt for acquisitions in the United States and China to expand its wealth management operations, while it sees growth in Canada coming from established operations, one of BMO’s top...
Danish Regulators Select U.S. RE for Terrorism Risk Capacity Study
Sep 22 2010 // U.S. RE ApS, the European subsidiary of U.S. RE Corporation, international reinsurance brokers, has been selected by Finanstilsynet, the Danish financial Supervisory Authority, to conduct a study of terrorism risk...
Northeast Still Faces High Risk of Major Hurricane Hit This Season
Sep 22 2010 // The Atlantic region can expect one more major hurricane this autumn and the northeast U.S. coast still faces double the average risk of getting hit, Weather Services International (WSI) said Tuesday. The...
Poor Service Leads to Fraudulent Insurance Claims, Survey Finds
Sep 22 2010 // More than half (55 percent) of U.S. consumers say poor service from an insurance company is more likely to cause an individual to commit fraud against that company, according to a survey by Accenture. The survey also...
Hurricane Igor Heads North After Battering Bermuda
Sep 21 2010 // Hurricane Igor barreled north Monday on a path expected to take it near Newfoundland and energy interests off eastern Canada, after battering Bermuda with heavy winds, waves and rain that caused damage but no...
Talley to Head Lloyd’s America U.S. Central Region
Sep 21 2010 // Lloyd’s announced the promotion of Pat Talley to Regional Director for Lloyd’s America’s Central Region. He will “be responsible for the Illinois and Kentucky offices [the two states in the U.S....
U.S. Treasury Plans Public Auction of The Hartford Stock from TARP
Sep 21 2010 // The U.S. Department of the Treasury plans a secondary public offering of 52 million warrants to purchase the common stock of The Hartford Financial Services Group, Inc. at a minimum bid of $10.50 per warrant. The Treasury...
