Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
FERMA Supports RIMS Position on Brokers Contingent Commissions
Aug 17 2009 // The Federation of European Risk Management Associations (FERMA) has issued a bulletin expressing concerns over a new ruling in the US state of Illinois that allows brokers to resume taking contingent commissions. The...
Tropical Storm Claudette Hits Florida, Seen Fading
Aug 17 2009 // Tropical Storm Claudette, the third of the Atlantic hurricane season, moved ashore along the U.S. Gulf coast early Monday, the U.S. National Hurricane Center said. Claudette formed early Sunday morning. The storm hit the...
U.S. Pay Czar Weighs ‘Claw Backs’ over Executive Compensation
Aug 17 2009 // Kenneth Feinberg, the Obama administration’s pay czar, said on Sunday he has broad and “binding” authority over executive compensation, including the ability to “claw back” money already paid,...
Hurricane Bill Heads for Bermuda
Aug 17 2009 // Hurricane Bill, the first hurricane of the 2009 Atlantic season, gained strength quickly as it churned across open ocean Monday in the direction of Bermuda, the U.S. National Hurricane Center said. Two other tropical...
Hacker Indicted in Huge ID Theft: 130 Million Credit Cards
Aug 17 2009 // Federal officials announced the indictment of a Miami man in what they say is the largest identity theft ring ever exposed in the U.S. Albert Gonzales, 28, was indicted for conspiring to hack into computer networks...
Atlantic Could See Hurricane Season’s First Named Storm Today: Ana
Aug 12 2009 // The Atlantic could get its first named storm of the hurricane season later Wednesday, according to the U.S. National Hurricane Center. The basin’s second tropical depression is remaining just below tropical storm...
Insurers in Crosshairs of U.S. Health Care Reformers
Aug 11 2009 // The debate over reforming the U.S. health care system has zeroed in on one main target: insurance companies. Democrats and the Obama administration plan to spend August battling to win popular support to expand health care...
Swine Flu, Cross-Border Trucking on U.S., Canada, Mexico Summit Agenda
Aug 10 2009 // Leaders of the United States, Mexico and Canada gather today to present a united front to try to limit the spread of the H1N1 swine flu, but there is less unity on simmering trade issues. U.S. President Barack Obama,...
Investigators Still Search for Clues in NYC Air Crash
Aug 10 2009 // As investigators try to piece together how a small plane and tourist helicopter came to enter each other’s airspace over the Hudson River on a clear summer day, divers were to search for clues to the crash believed...
New Earthquake Risk Models Likely To Reduce Insured Loss Estimates
Aug 6 2009 // Newark, Calif.-based Risk Management Solutions (RMS) has unveiled its next-generation models for North America earthquake risks, covering the United States and Alaska, Canada and Mexico. The new models are likely to lead...
Grose Named U.S. Marketing Director for Marsh
Aug 5 2009 // Insurance broker Marsh announced the appointment of Gary Grose as U.S. marketing director. Grose joins Marsh with 20 years of insurance industry marketing and sales experience. He reports to Jack Butcher, U.S. sales and...
Ohio Personal Lines Premiums Remain Lower than U.S. Average
Aug 5 2009 // The Ohio Insurance Institute (OII) recently reported that premiums for homeowners and auto insurance in that state remain lower than the U.S. average. On its Web site, www.ohioinsurance.org, the OII released the following...
U.S., Colorado Forecasters Trim Atlantic Hurricane Forecasts Again
Aug 5 2009 // The Colorado State University storm research team cut its 2009 Atlantic hurricane season forecast Tuesday, predicting that El Nino would trim the tally to 10 tropical storms, with four becoming hurricanes. The noted...
U.S. Transportation Agency to Hold Distracted Driving Summit
Aug 4 2009 // U.S. Transportation Secretary Ray LaHood today announced a September summit to address the dangers of text-messaging and other distractions behind the wheel. In late September, senior transportation officials, elected...
Investments Hurt Some U.S. Captives But Underwriting Income Up Overall
Aug 3 2009 // U.S. captive insurers’ net income declined approximately 66 percent in 2008 for a composite of 186 captive companies represented in an A.M. Best Co. special report. This reflects realized losses of $1.2 billion for...
Couple Seeks U.S. Supreme Court Review in Katrina Case
Aug 3 2009 // Lawyers for a Louisiana couple whose home was destroyed by Hurricane Katrina are asking the U.S. Supreme Court to uphold a jury’s award for allegations that an insurance company acted in bad faith when it denied...
AIG Selects Former MetLife CEO Benmosche as New CEO After Liddy
Aug 3 2009 // Troubled insurer American International Group Inc. has chosen former MetLife chief Robert Benmosche as its new CEO, The Wall Street Journal reported, citing people familiar with the matter. The AIG board approved the...
Why Bankruptcy Rates Vary By State
Aug 3 2009 // State Policies, More Than Differences Among People, Tend to Influence Bankruptcy Rates In a previous edition of Insurance Journal (July 20, 2009, “Tackling Client Bankruptcy: How to Help Clients Work Through the...
U.S. Launches Auto ‘Clunker’ Program
Aug 3 2009 // In what may prove to be boon for the U.S. auto industry and, by extension, Midwest states that have been adversely affected by auto manufacturer bankruptcies, the U.S. government launched its $1 billion cash incentive...
Home Values Down Across U.S. But Not Rebuilding Costs
Aug 3 2009 // Across America, home sales and values are down. But the costs to repair and rebuild homes have not followed. Rising reconstruction prices are contrary to the economic news of recent months and perhaps contrary to...
