Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Judge Allows Lawsuits Against Bank of America Executives Over Merrill Deal
Aug 30 2010 // A Manhattan federal judge refused to dismiss shareholder lawsuits against Bank of America Corp and various executives and directors over the purchase of Merrill Lynch & Co. during the 2008 financial crisis and...
Florida-based Unisouce Aquired
Aug 30 2010 // Texas. U.S. Risk, a privately owned specialty lines underwriting manager and wholesale broker headquartered in Dallas, Texas, today announces the acquisition of Sarasota Florida based Unisource Program Administrators. The...
Surprise Inspections at Appalachian Mines Uncover Safety Violations
Aug 27 2010 // Recent surprise inspections show that increased enforcement isn’t preventing U.S. coal mines from continuing to violate safety laws, the federal Mine Safety & Health Administration said. MSHA inspectors found...
Fitch: Profits Decline for Most U.S. P/C Insurers in First-Half of 2010
Aug 26 2010 // First-half 2010 operating profits declined for most publicly traded property/casualty insurance companies that Fitch Rating follows, according to a new report. However, the $16.2 billion of aggregate net earnings reported...
K&K Insurance Adds New Regional Sales Staff Across U.S.
Aug 25 2010 // Indiana-based K&K Insurance has added a regional sales force to develop new agent relationships while supporting existing K&K relationships with more than 6,000 agents and brokers across the United States. The new...
AIG Pays Back $4B of Federal Loan
Aug 23 2010 // Bailed-out insurer American International Group Inc. said Monday it paid back nearly $4 billion in U.S. loans in its single largest cash payment so far to reduce its debt to taxpayers. The payment reduces the size of the...
S&P: The Worst Not Over for U.S. Commercial Property Markets
Aug 23 2010 // The slump in the U.S. commercial property market didn’t quite plumb the depths of the downturn in residential real estate, but although there are signs that home prices are nearing the bottom, commercial real estate...
U.S. Risk Names Mullens VP, Senior Underwriter
Aug 20 2010 // U.S. Risk Insurance Group Inc. named Mike Mullens a vice president and senior underwriter in the U.S. Risk Underwriters Inc. Dallas office. Mullens will head up the U.S. Risk newly formed social services program...
Aon Benfield Launches Monthly Insurance Linked Securities Index
Aug 20 2010 // Aon Benfield Securities, the securities and investment banking operation of Aon Benfield, announced the launch of the Aon Benfield ILS Indices, which provide a quantitative view of monthly insurance-linked securities (ILS)...
U.S. Gives States Cash to Police Health Insurance Rate Hikes
Aug 17 2010 // A $46 million round of grants will help U.S. states boost oversight of health insurance premium hikes and keep down costs, the U.S. Department of Health and Human Services said on Monday. All but a few states will receive...
Extreme Weather Seen Unlikely to Help Climate Talks
Aug 17 2010 // Extreme weather in 2010 will spur more strident calls for action to combat global warming but is unlikely to break a deadlock at U.N. climate talks about sharing the burden between rich and poor. Islamabad, for instance,...
EU, US to Hold November Summit in Portugal; Insurance on Agenda
Aug 17 2010 // The European Union and United States will hold a summit in Portugal in November, the EU and the White House said on Tuesday, offering an opportunity to rebuild ties strained by the cancellation of their last meeting. The...
UN Chief Appeals for Aid in Flood Ravaged Pakistan; U.S. Sends Help
Aug 16 2010 // U.N. Secretary-General Ban Ki-moon urged the world to provide more aid to flood-ravaged Pakistan on Sunday as the 20 million people made homeless grew increasingly desperate and new torrents inundated villages. Survivors...
Snapshot: Declarations
Aug 16 2010 // Health Care Challenge “While this case raises a host of complex constitutional issues, all seem to distill to the single question of whether or not Congress has the power to regulate — and tax — a...
Declarations
Aug 16 2010 // Health Care Challenge “While this case raises a host of complex constitutional issues, all seem to distill to the single question of whether or not Congress has the power to regulate — and tax — a citizen’s...
Tropical Cyclone Heads for Northern Gulf of Mexico
Aug 15 2010 // An area of low pressure moving over the Florida Panhandle was expected to track southward into the northern Gulf of Mexico by early Monday and had a 50 percent chance of becoming a tropical cyclone in the next 48 hours,...
AIG Still a Risky Bet for Investors
Aug 13 2010 // American International Group Inc, already a big headache for taxpayers, could leave its shareholders with a migraine. AIG, which is nearly 80 percent owned by the U.S. government, owes taxpayers more than $100 billion....
Fortress to Buy Majority of AIG Consumer Finance Unit
Aug 12 2010 // American International Group Inc is selling most of its consumer finance unit to Fortress Investment Group at a deep discount and will recognize a $1.9 billion pretax loss as a result. AIG, majority owned by the U.S....
E&S Wrap Up: Broker Mergers, Expansions and Start Ups
Aug 12 2010 // As goes the circle of life, so goes the wholesale insurance broker world. Not even the sixth year of a soft market cycle has deterred industry veterans from launching new wholesale businesses or creating larger ones. Many...
Tennessee State Senator Could Have Sentence Reduced
Aug 12 2010 // Former state senator John Ford could have his federal prison sentence nearly cut in half after a recent Supreme Court decision that weakened an anti-fraud law. The 68-year-old Ford is serving a 19-year sentence. A 2008...
