Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
From Seed to Supermarket
Oct 20 2008 // Agricultural Risks Require the Knowledge and Skill of Specialty Agents Agribusiness insurance has grown significantly as food production has become a global commodity. Since World War II there has been a dramatic reduction...
Financial Crisis Dominates European Risk Manager Debates, Conference
Oct 20 2008 // One of Pat Oliphant’s more recent editorial cartoons shows presidential candidate John McCain held in the trunk of an enraged elephant labeled “The Economy.” “My friends,” says McCain to a...
Catlin Issues Ike/Gustav and Investment Loss Estimates
Oct 17 2008 // The Bermuda-based Catlin Group Limited has announced its initial estimate of the financial impact of Hurricanes Ike and Gustav and an update on its investment performance and trading conditions. The Group said its...
India’s Tata Sons Eyes Stake in AIG Asia Unit, Sources Say
Oct 17 2008 // India’s Tata Sons has been in talks to buy a stake in AIA, a major Asian unit of American International Group, sources close to the matter said. The U.S. insurance giant has been seeking to sell assets after nearly...
Drug Manufacturer Pfizer to Pay $894 Million to Settle Lawsuits
Oct 17 2008 // Pfizer Inc said Friday it plans to pay $894 million to settle lawsuits alleging that its withdrawn Bextra painkiller and widely used Celebrex arthritis drug harmed U.S. patients and defrauded consumers. Pfizer said the...
S&P Article Finds Global Insurers Weathering Credit Turmoil – So Far
Oct 16 2008 // In a newly published article – Global Insurers Weather The Credit Turmoil–Thus Far – Standard & Poor’s credit analysts have concluded that “many of the largest insurers around the world...
Fitch: Insurers Face Mounting Pressure on Ratings Worldwide
Oct 16 2008 // Balance sheet pressures for insurance and reinsurance companies globally have become more severe as insurers experience greater unrealized market value losses, and take impairments, on their investment portfolios, says...
Top U.S. Lawmaker, Ex-SEC Chief Blast Lax Regulators
Oct 16 2008 // The Securities and Exchange Commission should get more power to police credit derivatives even though it failed to use its existing authority to rein in risky behavior that contributed to a global financial crisis, a...
House Leader Frank Vows to Regulate Credit Default Swap Market
Oct 14 2008 // The head of a U.S. congressional finance panel said Monday he would seek to regulate the fast-growing $55 trillion credit default swaps market, which has been blamed for exacerbating the financial meltdown. Rep. Barney...
Lehman Failure Seen as Straw that Broke Credit Market, AIG
Oct 13 2008 // As finance chiefs gathered in Washington D.C. this weekend to work out what went wrong with the world economy, the refusal of the U.S. Treasury to rescue investment bank Lehman Brothers was being blamed as the straw that...
Insurers See Lower 3Q Income, S&P Revises Life Insurer Outlook
Oct 10 2008 // U.S. life insurers Lincoln National Corp. and ACE Ltd reassured investors that they have enough capital, but credit rating agency Standard & Poor’s cut its outlook for the industry on Friday. The Progressive...
Aegon, Aviva Bolster Risk Hedges, EU Insurers’ Shares Rise
Oct 9 2008 // European insurance shares rose sharply on Thursday, as Dutch insurer Aegon announced steps to boost capital and reduce risk, while British peer Aviva Plc bolstered its hedges against slumping stock markets. Aegon, which...
Citi, Wells Fargo Extend Cease-Fire Over Wachovia Deal
Oct 9 2008 // Citigroup Inc. and Wells Fargo & Co. agreed to extend their legal standstill for two more days as they scrambled to come to a deal that could see them divvy up troubled regional lender Wachovia Corp. Citigroup, Wells...
US Credit Crisis Threatens New Orleans’ Recovery
Oct 9 2008 // A prolonged recession and a tight credit market would cripple New Orleans’ still-fragile recovery from Hurricane Katrina, delaying or eliminating road work, new construction and repairs to homes and businesses that...
Former AIG Executives Draw Fire from U.S. Lawmakers
Oct 8 2008 // Lawmakers criticized American International Group Inc. Tuesday for ignoring financial warnings and for executive compensation deals and lavish spending, including a company gathering at an expensive resort just days after...
Ironshore Specialty Insurance Becomes Surplus Lines Insurer in California
Oct 6 2008 // The California Department of Insurance has added Ironshore Specialty Insurance Co. (ISIC) to its List of Eligible Surplus Lines Insurers (LESLI listing). ISIC will provide specialty commercial insurance coverages on an...
More to Come in Busy Atlantic Hurricane Season
Oct 6 2008 // The 10 tropical storms and hurricanes that ripped through the Atlantic and Caribbean during this busy hurricane season savaged Haiti, Cuba and the U.S. Gulf coast, and conditions are now ripe for more. Residents of the...
Crane Safety Guidelines Needed
Oct 6 2008 // In March 2008 a construction crane collapsed into a neighborhood bar and nearby apartments in New York City, killing seven people. In Bellevue, Wash., in June 2006, a large crane fell into an apartment building killing a...
Crane Safety Guidelines Needed
Oct 6 2008 // In March 2008 a construction crane collapsed into a neighborhood bar and nearby apartments in New York City, killing seven people. In Bellevue, Wash., in June 2006, a large crane fell into an apartment building killing a...
Crane Safety Guidelines Needed
Oct 6 2008 // In March 2008 a construction crane collapsed into a neighborhood bar and nearby apartments in New York City, killing seven people. In Bellevue, Wash., in June 2006, a large crane fell into an apartment building killing a...
