Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Swiss Re Enters Lead Umbrella Market in U.S.
Jun 9 2009 // Swiss Re reported it is now offering lead umbrella insurance coverage to retail brokers and risk managers in the United States. The umbrella coverage from Swiss Re’s Industrial Risk Insurer (IRI) is available on an...
Ratings: US Liability, Commercial Casualty, Stonetrust, Continental American, Prime Group, American Agri
Jun 8 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A++’ (Superior) and issuer credit rating of “aa+” of United States Liability Insurance Group and its members. The outlook for all of the...
Ex-Wisconsin Insurance Executive Charged in Scam
Jun 5 2009 // A former Wisconsin insurance executive and a business associate have been indicted on charges of carrying out what prosecutors called a years-long scam to defraud a major insurer of more than $800,000. An indictment...
Aon Consulting Adds Mhatre to U.S. Retirement Practice
Jun 4 2009 // Aon Consulting Worldwide, the global human capital consulting organization of Aon Corp., announced that Amol Mhatre has joined the firm as senior vice president of National Retirement Innovation and Sales. Mhatre brings...
Judge Rules Jury to Hear Claims in Starr-AIG Battle
Jun 4 2009 // A jury should hear the claims in litigation between American International Group Inc. and Starr International Co. Inc. controlled by the troubled insurance giant’s former chief executive, Maurice “Hank”...
IAG Receives Around 4,000 Storm Claims
Jun 2 2009 // Insurance Australia Group Limited (IAG) has confirmed that it currently expects to pay between A$25 million and A$35 million (US$20.2 to $28.3 million) to customers affected by the recent storms in south-east Queensland...
Top Trial Lawyer Cauley Pleads Guilty to Fraud in Insurance Case
Jun 1 2009 // An Arkansas lawyer who rose to prominence in lucrative securities fraud class-action litigation pleaded guilty on Monday to charges of stealing more than $9 million of client money. Lawyer Steven Eugene Cauley told U.S....
Business Moves
Jun 1 2009 // AIG American International Group agreed to sell its prime real estate holding in Tokyo for approximately $1.2 billion in cash to Nippon Life Insurance Co. The property consists of one acre of land on which The AIG Otemachi...
Panama Moving Slowly on Making Tax Haven Law Changes
Jun 1 2009 // Panama’s ruling party is unlikely to pass tighter tax legislation seen as key for the signing of a U.S. free-trade deal before President Martin Torrijos steps down on July 1, legislators said this week. A bilateral...
Increase Traffic to Your Internet ‘Real Estate’
Jun 1 2009 // Enhance Your Agency’s Online Visibility Through Search Engine Optimization Nearly half of the United States — more than 163 million people — are using the Internet, according to a recent Nielsen poll. And they...
Declarations
Jun 1 2009 // Undue Stress “The pending sale could create undue stress on our workers’ compensation system. We will fight every step of the way to ensure Ohio’s self-insured employers and their workforce are...
Obama Financial Reform Plan Faces Tough Road Ahead
May 31 2009 // The Obama administration’s ambitious draft plan to redraw U.S. financial regulation has been panned by banking groups, setting the stage for a bruising months-long battle among lawmakers and federal agencies. Signs...
U.S. Has Paid $1 Billion in Claims to Tennessee Nuclear Workers
May 28 2009 // The government has paid out more than $1 billion in claims to 9,134 Tennesseans made ill from working in the nuclear weapons facilities at Oak Ridge during the Cold War. The Labor Department announced the latest tally,...
Administration Debating Powers of Proposed Systemic Risk Regulator
May 28 2009 // The Obama administration is weighing if a new systemic risk regulator should have the power to conduct on-site examinations of banks, broker-dealers and other market players suspected of posing a threat to the U.S....
Greenland Ice Sheet Melt Could Fuel Severe US Sea Level Rise
May 28 2009 // New York, Boston and other cities on North America’s northeast coast could face a rise in sea level this century that would exceed forecasts for the rest of the planet if Greenland’s ice sheet keeps melting as...
U.S. Supreme Court to Hear Merck Appeal on Reinstated Investor Lawsuit
May 27 2009 // The U.S. Supreme Court said Tuesday that it would hear an appeal by Merck & Co. Inc. of a ruling that reinstated a securities fraud lawsuit involving the company’s disclosures to investors about its withdrawn...
France, Germany Urge More Flexible Climate Pact
May 26 2009 // France and Germany suggested on Monday that rich nations should collectively guarantee deep cuts in greenhouse gases by 2020 while giving flexibility to laggards such as the United States to catch up later. France said the...
World Economy Stabilizing, Says Krugman
May 26 2009 // The world economy has avoided “utter catastrophe” and industrialized countries could register growth this year, Nobel Prize-winning economist Paul Krugman said on Monday. “I will not be surprised to see...
Forecasters Predict Average 2009 Hurricane Season
May 21 2009 // The 2009 Atlantic hurricane season will be fairly average with as many as seven hurricanes expected to form, U.S. government forecasters predicted Thursday. The National Oceanic and Atmospheric Administration forecast nine...
Coastal Insurance Rates Could Rise if Federal Tax Law is Enacted
May 21 2009 // As it girds for hurricane season, Texas has plenty to worry about. The Texas Windstorm Insurance Association (TWIA) – which provides coverage for high risk coastal properties – has ended up at the brink of...
