Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Report: U.S. Economy Headed for Slow Growth But Not Recession
Oct 11 2006 // Varied economic indicators are now pointing to a period of slow growth ahead in the U.S., but not a recession, according to an analysis by The Conference Board, the research and business membership organization. “The...
Litigation Trends Continue to Mount Worldwide; Insurers Face Five Times the Average Number of Lawsuits
Oct 11 2006 // Insurance companies are the litigation champions confronting an average of 1,696 lawsuits, spanning from product liability and environmental class actions to directors and officers claims, and even coverage fights over...
Berkshire Hathaway Most Expensive U.S. Stock
Oct 10 2006 // The most expensive stock in the United States passed a unique plateau, as the price for a Class A share of Warren Buffett’s Berkshire Hathaway Inc. briefly surpassed $100,000. The shares closed up $1,296, or 1.3...
Calif. attorney general sues automakers over global warming
Oct 9 2006 // Automakers should be held liable for contributions to global warming, according to California Attorney General Bill Lockyer. Thus, he recently filed a lawsuit against leading U.S. and Japanese auto manufacturers, alleging...
Calif. attorney general sues automakers over global warming
Oct 9 2006 // Automakers should be held liable for contributions to global warming, according to California Attorney General Bill Lockyer. Thus, he recently filed a lawsuit against leading U.S. and Japanese auto manufacturers, alleging...
Catlin’s CEO Assesses ‘Benign’ Hurricane Season
Oct 5 2006 // Stephen Catlin, the chief executive of international specialty property/casualty insurer and reinsurer Catlin Group Limited, Forecast a decline in premiums for non-catastrophe exposed classes of insurance and reinsurance,...
AIG Buys Arch Ocean Marine Business
Oct 4 2006 // AIG Global Marine, a division of the property and casualty insurance subsidiaries of American International Group, has purchased the U.S. Ocean Marine business from Arch Insurance Company. Under the terms of the agreement,...
U.S. Supreme Court Won’t Hear Hilbert Appeal in Conseco Case
Oct 4 2006 // The U.S. Supreme Court refused to hear Conseco Inc. founder Stephen Hilbert’s appeal of a judge’s order that he repay the company more than $80 million in stock loans. While Hilbert has at least one other...
McCreath Joins Cunningham Lindsey U.S.
Oct 4 2006 // Cunningham Lindsey U.S. (CLUS), based in Dallas, announced the addition of Jon McCreath to its U.S. claims Property Support staff. McCreath brings 17 years of industry related experience including positions as a multi-line...
OneBeacon Completes Transfer of Agricultural Unit to QBE
Oct 3 2006 // On Sept. 29, OneBeacon Insurance Group completed its previously announced renewal rights and asset sale agreement that transfers its agricultural division to QBE the Americas, a wholly owned division of QBE Insurance...
Auto Premium Rating Error Cost U.S. Auto Insurers More Than $16 Billion
Oct 3 2006 // San Francisco-based Quality Planning Corp., the rating integrity solutions company, today released its annual Premium Rating Error report, showing premium rating errors remain a drag on auto insurer profitability. QPC...
Travelers’ Unveiling Ceremony for Energy Star Scheduled for Oct. 6
Oct 3 2006 // St. Paul Travelers will hold an unveiling ceremony to celebrate its new ENERGY STAR(R) label, awarded through a joint program of the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy, according...
Catlin Enters $200 Million Cat Swap
Oct 2 2006 // The Bermuda-based Catlin Group Limited, an international specialty P/C insurer and reinsurer, announced that an operating subsidiary, Catlin Insurance Company Ltd. of Bermuda, “intends, subject to completion of...
P/C Insurers’ Profitability Drops in First-Half of 2006
Oct 2 2006 // The U.S. property/casualty insurance industry’s net income after taxes fell 9.3 percent to $28.3 billion in first-half 2006 from $31.2 billion in first-half 2005 as investment results deteriorated. Reflecting the...
Hurricane Research Bill Introduced in U.S. Senate
Oct 2 2006 // U.S. Senator Mel Martinez, R-Fla., has introduced bipartisan legislation to implement a national hurricane research initiative designed to better research, predict and prepare for hurricanes. Martinez crafted the proposal...
U.S. Risk Launches New Physician Med-Mal Product
Oct 2 2006 // Dallas, Texas-based U.S. Risk Underwriters, a specialty lines underwriting manager and wholesale broker, introduced a new medical malpractice insurance product for physicians practicing as medical directors in long-term...
Britain’s Royal & Sun Alliance Sells U.S. Business to Management
Oct 1 2006 // Britain’s Royal & Sun Alliance Insurance Group PLC said last week it will sell its U.S. operations to management for 158 million pounds ($298.9 million) and cancel the company’s listing on the New York...
IAG enters UK Market with Purchase of Hastings and Advantage
Sep 29 2006 // Insurance Australia Group Limited (IAG) has acquired the U.K.-based broker Hastings Insurance Services Limited, the UK’s fifth largest motor insurance broker trading under the names of Hastings Direct and Peoples...
Best Puts R&SA Ratings on Review/Positive
Sep 29 2006 // A.M. Best Co. has placed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit ratings (ICR) of “a-” of the U.K.’s Royal & Sun Alliance Insurance Group plc and its...
U.S. Denies Funding for Burlington, Vt. Lead Abatement Program
Sep 29 2006 // A city lead abatement program that has been recognized nationally might have to shut down because the U.S. Department of Housing and Urban Development has denied a request for a $3 million grant. “We were very...
