Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Oregon Archdiocese Reorganization Plan Calls for $75 Million Settlement
Dec 20 2006 // Settling nearly 170 claims of priest sex abuse would cost the Roman Catholic Archdiocese of Portland about $75 million under a reorganization plan proposed to end the first bankruptcy in the nation filed by a...
Suit Alleges ‘First Strike’ Label for Collector Coins is Deceptive
Dec 18 2006 // To avid collectors, coins that stand out as rare or of exceptional quality are worth more than their weight in platinum, silver or gold. Numismatic enthusiasts are often willing to pay a premium for American Eagle,...
Max Re to Establish US E&S Unit
Dec 15 2006 // Bermuda-based Max Re Capital Ltd. announced plans to establish a U.S.-based excess and surplus lines platform. The new entity will “will complement the company’s existing insurance and reinsurance operations...
S&P Foresees More Europe M&A’s; Teleconference Today-Details
Dec 15 2006 // A new report from Standard & Poor’s Equity Research – European Investment Outlook – Riding A Wave Of Volatility – foresees the volume of mergers and acquisition in Europe exceeding the €1.3...
U.S. Needs Federal Data Security Law Now, Says Cybersecurity Group
Dec 15 2006 // A coalition of data security firms has renewed its call for Congress to protect personal information in cyberspace and help Americans trying to deal witht he risk on their own. The businesses warn that the decline in...
Portland Archdiocese, Sex Abuse Claimants Agree to Settle
Dec 15 2006 // Nearly all the some 170 people claiming they were sexually abused by priests who once worked in Western Oregon have agreed to settle their lawsuits against the Roman Catholic Archdiocese of Portland, a federal judge who...
Hawaii Issues Captive License to MHC Insurance Co.
Dec 14 2006 // The Hawaii Department of Commerce and Consumer Affairs Insurance Division has granted a captive license to MHC Insurance Co. Ltd., which participates in insuring the worldwide risks of its Japanese-related owners and...
Tillinghast: Overall U.S. Tort Costs Dropping; Fewer Auto Claims Drive Decline
Dec 14 2006 // U.S. tort costs totaled $261 billion in 2005, which is approximately $880 per person and $4 less per person than in 2004, according to the 2006 Update on U.S. Tort Cost Trends from the Tillinghast business of Towers...
U.S. Regulators Recommend Key Change in Regulation of Reinsurers
Dec 14 2006 // Insurance regulators from across the county voted to recommend major changes in the way reinsurers are regulated. The Financial Condition Committee of the National Association of Insurance Commissioners this week adopted a...
Vietnam, Business Leaders Hail Historic U.S. Free Trade Vote
Dec 13 2006 // Vietnam hailed a historic vote in the U.S. Congress on Saturday that fully normalized trade between the two nations, a final milestone in the process of reconciliation between the former foes. “This event is of major...
QBE to Acquire Hannover Re’s US Praetorian Subsidiary
Dec 13 2006 // Australia’s QBE Insurance Group has agreed to purchase the Praetorian Financial Group (PFG), the US operation of Hannover Rueckversicherung AG (Hannover Re) for US$800 million, subject to regulatory approvals. QBE...
AIG Global Buys U.S. Port Operations from Dubai Company
Dec 12 2006 // Dubai Ports World, the company whose planned takeover of major U.S. port operations ignited a political firestorm earlier this year, has agreed to sell those operations to AIG Global Investment Group. The company announced...
TSR Predicts Active 2007 Atlantic Hurricane Season
Dec 11 2006 // In an early assessment Tropical Storm Risk (TSR) forecast “a return to high hurricane activity in 2007.” The London-based consortium of experts on insurance, risk management and seasonal climate forecasting led...
Report Details How Conn. Economy Still Depends Upon Insurance Sector
Dec 11 2006 // Connecticut remains dependent upon the insurance sector for many of its jobs and much of its economic growth, a new report by an industry coalition confirms. The state has triple the U.S. average of insurance carrier jobs...
Farm Insurer Must Pay $512,000 in Restitution for Fraud Scheme
Dec 11 2006 // The former president of Crop Hail Management Inc. in Bigfork, Mont., has been sentenced to more than three years in prison and ordered to pay $512,000 in restitution for money laundering and fraud. Myron “Mike”...
Judge rules in favor of plaintiffs in New Orleans canal case
Dec 11 2006 // In a decision that could cost insurers billions of dollars more than they have already paid out in Hurricane Katrina claims, a federal judge in New Orleans ruled that ambiguities in some homeowners policies leave open the...
Lost in translation
Dec 11 2006 // Global businesses need integrated insurance solutions to ensure adequate protection A U.S. company has purchased a manufacturing plant in China as part of a global expansion. Now, it needs property insurance for that...
News Currents
Dec 10 2006 // Judge rules in favor of plaintiffs in New Orleans canal case In a decision that could cost insurers billions of dollars more than they have already paid out in Hurricane Katrina claims, a federal judge in New Orleans ruled...
U.S., Japan agree to improve consumer product safety
Dec 10 2006 // The United States and Japan have agreed on guidelines designed to improve the safety of consumer products in the two countries, the U.S. Consumer Product Safety Commission said. Under the agreement, the two countries will...
Lost in translation
Dec 10 2006 // To determine the appropriate insurance for a commercial client, the first step is a thorough review of the property-protection standards, public and private, in each of the countries where that client has operations. A...
