Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Latino Middle Class Security Weakened in U.S. Before Recession
Jun 15 2009 // As the economic downturn continues, a new report finds that millions of African Americans and Latinos lost economic security between 2000 and 2006, and that more than four out of five are either borderline or at high risk...
Latino Market Growing Twice as Fast as General Consumer Market
Jun 15 2009 // As their buying power nears $1 trillion, the 46 million Hispanics now living in the United States wield a powerful influence on the American consumer economy. Between 1995 and 2007, expenditures by Hispanic consumer units...
Chinese Drywall: Builders, Subs Face Huge Uninsured Losses
Jun 15 2009 // Policy Exclusions Are a Problem, But Builders Can Be Protected There is a lot at stake for all parties because the damages on a per house basis are likely to be astronomical. General liability carriers specializing in...
Chinese Drywall: Builders, Subs Face Huge Uninsured Losses
Jun 15 2009 // Policy Exclusions Are a Problem, But Builders Can Be Protected General liability carriers specializing in contractor insurance for builders and drywall subcontractors (subs) are “sweating it out” over the...
Supreme Court Nominee Sotomayor Shows Record of Favoring Insurers
Jun 15 2009 // Philadelphia-Based Insurance Attorney Finds Rulings to be ‘Very Insurer-Friendly’ The Supreme Court almost never takes up insurance related cases. Even so, President Obama’s recent Supreme Court...
Mystery Surrounds Air France Crash
Jun 15 2009 // Liability Claims to Come Could Exceed $1 Billion, Some Experts Predict The tragic disappearance of Air France flight 447 over the Atlantic early on June 1 remains a mystery. The plane’s 216 passengers and 12 crew...
The Globalized Broker Network
Jun 15 2009 // Assurex Global Struck Gold with Partners Around the World Assurex Global Year Founded: 1954 Locations: 500 offices on six continents Employees: 20,000 Annual Premium Volume: $28 billion Annual Revenue: $3.4 billion Assurex...
AIG Stock Fight With Ex-CEO Greenberg Heads to Trial
Jun 12 2009 // AIG, days before a high-profile legal fight with a company controlled by former CEO Maurice Greenberg heads to court, promised to use any funds won at trial to repay U.S. taxpayers. “While any relief granted for...
How Actuaries Help P/C Insurers Navigate Uncertain Markets
Jun 11 2009 // Property/casualty insurers and reinsurers rely more than ever on the expertise of actuaries at a point in the cycle when the market is neither softening nor hardening, attendees at the CAS Seminar on Reinsurance were told...
Details of Democrats’ Health Care Reform Plan Emerging
Jun 10 2009 // Leading Senate Democrats unveiled Tuesday a plan to reshape U.S. healthcare that calls for sweeping insurance market reforms and prohibits insurers from denying coverage or charging more due to medical history. The measure...
Consumer Groups Challenge Freeing Chrysler From Product Liability Claims
Jun 10 2009 // Consumer groups said Tuesday they filed a U.S. Supreme Court appeal challenging Chrysler LLC’s sale on the grounds the deal would leave the automaker free of current and future product liability claims. Five consumer...
How Might Supreme Court Recusal Ruling Affect West Virginia Judiciary?
Jun 10 2009 // This week’s U.S. Supreme Court ruling that faults state Justice Brent Benjamin for not recusing himself from a case involving a generous campaign supporter may aid a pending review of West Virginia’s court...
USI Holdings Loses Appeal in Graham Co. Copyright Dispute Case
Jun 10 2009 // The United States Court of Appeals for the Third Circuit ruled that a district court should not have reversed a verdict concerning copyright infringement case William A. Graham Company v. Thomas P. Haughey and USI...
U.S. ‘Pay Czar’ to Have Power to Reject Compensation for Bailed Out Execs
Jun 10 2009 // The Obama administration on Wednesday will name a pay czar with the power to reject compensation plans for top employees at companies receiving “exceptional” government aid, an administration official said...
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...
