Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Accident Victims To Appeal GM Bankruptcy Plan Over Pending Lawsuits
Jul 8 2009 // Groups representing plaintiffs in car accidents are opposing General Motors’ attempt to quickly exit bankruptcy protection, arguing that hundreds of victims could be hurt by the government-led plan. U.S. Judge Robert...
Fireworks Explosions Kill 5 Across U.S.
Jul 7 2009 // Five people working on Independence Day fireworks shows were killed by explosions, four of them by a single blast that rocked Ocracoke, a remote village on North Carolina’s Outer Banks. The fifth died after an...
New York May Check Insurance Firms’ Compliance with Global Money Rules
Jul 6 2009 // New York State Insurance Department licensees should protect their businesses by ensuring that they comply with federal requirements designed to prevent such practices as money laundering and other illegal international...
At U.S. Dirt Race Tracks, Money Goes Into Cars, Not Insurance
Jul 6 2009 // The last thing short-track driver Tim McCreadie remembers, he was leading in the semifinal qualifier at the Chili Bowl in Tulsa, Okla. When he awoke, he had two problems. His back was broken and he didn’t have health...
Jackson’s Death and Event Cancellation; Max Cap Rejected; Still Searching Air France Crash Cause; Den Dekker is New FERM
Jul 6 2009 // Michael Jackson’s untimely death, barely two weeks before he was to begin a long awaited series of 50 concerts stretching over eight months, has been the world’s top story. It’s also a story in London,...
Cyber Security: Global Risk and Rising Complexity
Jul 6 2009 // Multinationals are fighting a battle on two fronts when it comes to cyber security as they seek to fend off new, emerging security threats and also comply with evolving global regulations. These emerging security threats...
Farmers Acquisition of 21st Century Insurance Finalized
Jul 2 2009 // Los Angeles-based The Farmers Insurance Group of Companies has completed the acquisition of 100 percent of AIG’s U.S. Personal Auto Group, which includes 21st Century Insurance. In addition to 21st Century Insurance,...
AIG Finalizes Sale of U.S. Personal Auto Insurance Units to Farmers
Jul 1 2009 // American International Group, Inc. (AIG) has closed the sale of 21st Century Insurance Group, the wholly owned subsidiaries of AIG’s U.S. personal auto insurance business, to Farmers Group, Inc. (FGI), a subsidiary...
Willis Re Sees Capital Returning to Reinsurance Market; Stable Pricing
Jul 1 2009 // A report from Willis Re indicates that “despite predictions of dramatic rate increases to offset reinsurer losses over the preceding 12 months, July 1 reinsurance renewals saw sufficient capacity in virtually all...
Reinsurance Market Remains Stable; Rates Steady, Reports Guy Carpenter
Jul 1 2009 // Upward pressure on property/catastrophe reinsurance rates in the U.S. eased at the July 1, 2009 renewal, as capacity in the market remained sufficient without being abundant, according to a briefing published today by Guy...
Starr Teams up with Talbot, QBE for Construction Risks through Lloyd’s
Jul 1 2009 // Starr Underwriting Agents Limited and Starr Specialty Lines Insurance Agency, LLC, both subsidiaries of C. V. Starr & Co., Inc. announced that they can now offer additional capacity of up to $75 million “through...
Commissioner Directs California Insurers To Divest Iranian Government Holdings
Jun 30 2009 // California Insurance Commissioner Steve Poizner announced that he will launch an effort to probe insurance company investments for ties to Iran and immediately direct California-based insurance companies to divest any...
AIG Shareholders Vote on New Directors Today
Jun 30 2009 // American International Group Inc., the insurer rescued by a series of federal bailouts, is set to pad out its shrinking board Tuesday when a new slate of directors stands for election at its annual meeting. The nominees...
Cat Bond Market Still Seeking Collateral Solution
Jun 29 2009 // Insurers are still seeking a universal solution to weaknesses in catastrophe bonds exposed by Lehman Brothers’ collapse, though structural improvements have helped push sales past $1 billion this year. This...
U.S. House Panel to Bring Homeowners Insurance Crisis Hearing to Florida
Jun 26 2009 // A subcommitee of the U.S. House of Representatives that is looking into trouble spots in the country’s homeowner insurance market is coming to Florida in July. House Financial Services Oversight and Investigations...
Report: Public Option Added to Private Plans Could Slow Health Costs
Jun 25 2009 // A nationwide health insurance exchange that includes a Medicare-like government option could save $1.8 trillion more than if only private plans are offered, a prominent private U.S. health policy group said...
Best Affirms Wind River Re’s ‘A’ Ratings, Stable Outlook
Jun 25 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Wind River Reinsurance Company, Ltd. and its U.S....
South Texas Brokers Charged with Multi-Million Dollar Insurance Fraud
Jun 25 2009 // Two licensed insurance brokers with offices in the Brownsville, Texas, area have been charged with conspiracy, mail fraud and wire fraud in a multi-million dollar scheme, according to U.S. Attorney Tim Johnson. The U.S....
Ratings: Argo Re, Heddington, La Colonial, Trinidad & Tobago, Lancashire, Brit
Jun 25 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Argo Re Ltd. and its U.S. subsidiaries. Best also affirmed the ICR...
Steamship Mutual Publishes 2009 ‘Management Highlights’
Jun 24 2009 // Steamship Mutual, a major Protection & Indemnity (P&I) Club, has released its 2009 Management Highlights. “The visual theme of the Highlights this year is the illustration of Steamship Mutual’s...
