Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Possibility of BP Bankruptcy Due to Oil Claims Seen Remote For Now
Jun 11 2010 // The chances of BP declaring bankruptcy to deal with oil-spill claims are remote for now, bankruptcy professionals said, although that option would be open to the company if liabilities became overwhelming — and that...
Massey Hits U.S. Mine Safety Chief’s Comments on Violations
Jun 11 2010 // Coal miner Massey Energy Co criticized a U.S. mine safety official’s comments Thursday, saying the process of dealing with safety violations is biased against mining companies. “We are disappointed in the...
Time Out for the World Cup
Jun 11 2010 // For the first time in its 80 year history the Football (Soccer) World Cup will be played on the African Continent. The quadrennial event matches 32 of the world’s best national teams in a tournament that lasts a...
Weak Predators, Demanding Prey Stymie Lloyd’s M&A
Jun 11 2010 // A bid for Lloyd’s of London insurer Brit is unlikely to trigger acquisitions in the battered sector because targets feel they can hold out against lowball private equity bids and trade buyers remain strapped for...
BP’s U.S. Shares Plunge on Oil Spill Liability Fears
Jun 10 2010 // BP Plc shares tumbled nearly 16 percent on U.S. exchanges to a 14-year low Wednesday on rising fears about how the wounded company will cope with the massive costs of the Gulf of Mexico oil disaster. The stock has now lost...
Study Ties 1811, 1812 Midwest Quakes to Illinois Fault
Jun 9 2010 // New research by U.S. Geological Survey scientists is casting doubt on the long-held idea that the New Madrid fault zone in Missouri’s Bootheel unleashed a series of devastating earthquakes in 1811 and 1812. In a new...
Munich Re: ‘Ever Higher’ Nat Cat Costs; Ups Chile Quake Loss to $1 Billion
Jun 8 2010 // A bulletin from Munich Re, the world’s largest reinsurer, concludes that the “long-term trend towards ever higher natural catastrophe costs” looks set to continue, according to an analysis from its Geo...
G20 Finance Ministers Don’t Even Try to ‘Spin’ Impact of Europe’s Debt Crisis
Jun 7 2010 // Finance ministers can usually be relied upon to put the best spin on whatever is happening to the global economy. Not at this weekend’s Group of 20 meeting in Busan. The two days of talks were remarkable for...
Anderson to Head U.S. Construction Practice at Marsh
Jun 7 2010 // Marsh has appointed Michael Anderson president of its U.S. Construction Practice. Anderson brings more than 25 years of construction risk management experience to Marsh. He most recently served as surety practice leader at...
People
Jun 7 2010 // Louisiana Workers’ Compensation Corp. (LWCC) President and CEO Kristin W. Wall has been elected to the board of directors of NCCI Holdings Inc., a provider of workers’ compensation and employee injury data and...
Trains, Ships and Trucks
Jun 7 2010 // Maritime Law May Limit Compensation for Cargo Damages During the Inland Transportation Part of a Journey That Originated Overseas. In disputes regarding damage to cargo transported over land and water, it is important for...
New Markets
Jun 7 2010 // The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Speaker and Entertainer No-Show,...
AIG on ‘Clear Path to Repaying Taxpayers,’ Says CEO Benmosche
Jun 7 2010 // But Treasury Chief Says a Full Recovery for Taxpayers Remains Uncertain The head of bailed-out insurance giant American International Group said in late May that the company was on its way to repaying the government, but a...
BP Lowers Containment Cap onto Wellhead But Uncertainty Remains
Jun 4 2010 // BP Plc managed Thursday to lower a containment cap onto its ruptured deep-sea wellhead in the Gulf of Mexico in a high-stakes bid to siphon off some of the oil billowing from its gusher. U.S. President Barack Obama...
Best Affirms Fairfax, U.S. Members Ratings; Upgrades Seneca’s ICR
Jun 4 2010 // A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb” and the unsecured debt and preferred equity ratings of Toronto-based Fairfax Financial Holdings Limited. Best also affirmed the ICR of...
Oil Rig Tragedies Shock Insurers, Destabilize Market, Says Willis
Jun 4 2010 // The U.S. Deepwater Horizon and Venezuelan Aban Pearl drilling rig losses have left upstream energy insurers with an unprecedented bill of $795 million within the space of a single month, destabilizing the market and...
Aon Sees Progress Against Terrorism, But Threats are Evolving
Jun 3 2010 // In conjunction with the release of the latest version of its “Terrorism Threat Map,” Aon’s Crisis Management division analyzes the current state of the ongoing efforts to combat terrorist activities. The...
AIG CEO Benmosche Looks Safe Despite AIA Deal Failure
Jun 3 2010 // When large deals fail, heads often roll. In the case of Prudential Plc’s failed attempt to buy American International Group Inc.’s Asian life insurance unit for $35.5 billion, the British insurer’s...
2010 Atlantic Hurricane Season: 76% Chance Major Storm to Hit U.S.
Jun 3 2010 // The 2010 Atlantic hurricane season will be even more active than feared, leading U.S. forecasters said Wednesday as they predicted 10 hurricanes, five of them major, with a 76 percent likelihood that a major hurricane...
Braemar Marine Expands in London, Singapore, Europe
Jun 3 2010 // Braemar Marine Inc, the marine claims and risk assessment specialist, has expanded its operations in both London and Singapore through with a series of key appointments. Chris Lunda, Formerly the VP of Braemar in the U.S.,...
