Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Reinsurers to Lower Prices Following Weak Hurricane Season: Fitch
Dec 4 2013 // The quietest U.S. Atlantic hurricane season in decades will lead to a low double-digit fall in related catastrophe reinsurance pricing in the key 2014 renewals, according to experts at Fitch Ratings. The ratings agency...
Metro-North Crash Seen Thwarting Delay of Automatic Braking
Dec 4 2013 // The deadly train derailment in New York City may force railroads to install automatic brakes by 2015 and dash industry efforts to put off adding the technology by five years. The Metro-North Railroad wreck may persuade...
Portrait of New Wealth: $3 Billion Miami Art Basel Fair
Dec 4 2013 // Art Basel Miami Beach, the largest U.S. art fair, will offer more than $3 billion of mostly postwar and contemporary works when it opens to a select group of collectors today, a 20 percent increase from two years ago. Held...
Sea-Level Rise Too Fast for Current Forecast Tools, Study Says
Dec 4 2013 // By the time climate change reduces crop yields or frequently floods New York City subways, it will be too late to avert damage without better forecasting tools, a panel of scientists said in a report released...
MarshBerry: Decreasing Agency Balance Sheet Value – Positive Impact?
Dec 3 2013 // Despite significant optimism about key market fundamentals, year-over-year agency valuation increases and agency performance metrics, ownership perpetuation continues to be the biggest long-term challenge to...
Aspen US Insurance Appoints AIG’s Menelly As Marketing Director
Dec 3 2013 // Aspen US Insurance has named Douglas Menelly as senior vice president of marketing. He will report to Bob Rheel, executive vice president and U.S. head of property/casualty for Aspen Insurance. Menelly joins Aspen with 14...
New York Metro-North Becomes Inquiry Magnet After Held Up as Rail Model
Dec 3 2013 // Two years after being singled out for international honors, Metro-North Railroad finds itself facing a wave of retirements, under three federal safety investigations, and explaining to officials and riders why a locomotive...
BP Wins Appeal Over Some Gulf Oil Spill Claim Payments
Dec 3 2013 // BP Plc won a legal reprieve in its effort to avoid payments to those whose losses were not traceable to the 2010 Gulf of Mexico oil spill, potentially sparing the oil company of extra costs. BP had agreed in 2012 to make...
New York Metro-North Derailment Puts Spotlight on Rail Safety
Dec 2 2013 // A deadly derailment on a curve in Metro-North Railroad’s Hudson Line rekindled safety concerns and promised to snarl today’s commute for thousands of riders on one of New York’s major mass-transit...
Swiss Re’s Insurance Outlook for 2014/15 Sees Emerging Market Growth
Dec 2 2013 // In an assessment of the prospects for insurance market in 2014/15, Swiss Re’s latest report concludes that “global economic growth will continue to strengthen in 2014, which will in turn “support on-going...
Iran Oil Shipping Insurance Sanction Relief Not Likely Any Time Soon
Dec 2 2013 // A pledge by world powers to ease ship insurance sanctions on some Iranian oil exports is likely to take months to come into effect due to complex law and regulation and to insurers’ unease over providing cover. A...
Obamacare and Agency Value
Dec 2 2013 // Where is the Affordable Care Act headed? Are we prepared? Who will be covered and who won’t? Are we robbing from Peter to pay Paul? The list of questions is endless. The answers are few and far between. In a speech...
Lexington’s Johnson on U.S. Surplus Lines
Dec 2 2013 // The surplus lines industry experienced tough times in 2012. But that hasn’t been the story for 2013, says Jeremy Johnson, president of Lexington Insurance Co., a unit of AIG. In this interview with Insurance...
FEMA: No Extension for Filing Sandy Flood Insurance Suits
Dec 2 2013 // The Federal Emergency Management Agency (FEMA) said it cannot extend the deadline for Superstorm Sandy victims who may want to file lawsuits challenging a denial or disallowance of all or part of their federal flood...
People – Southeast
Dec 2 2013 // Nationwide Mutual Insurance Co. announced that Michael Browne, president and chief operating officer of the Harleysville Insurance, a member of the Nationwide family of companies, will retire effective May 1,...
Obamacare’s Small Business Exchange Site Delayed 1 Year
Dec 1 2013 // Small businesses won’t be able to use the federal government’s health insurance website until November 2014 in most U.S. states, the latest delay for the Obama administration’s health-care system...
Aon Benfield Appoints Smith As President of U.S. Business
Nov 27 2013 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, has appointed Kelly Smith as president of its U.S. business. Smith will report to Bryon Ehrhart, chief executive officer of Aon Benfield...
Weak 2013 Hurricane Season Coming to a Close
Nov 27 2013 // The 2013 Atlantic season has delivered the fewest hurricanes since 1982, U.S. forecasters said, despite their predictions in May that it would be a busier than normal year. Forecasters had predicted 13 to 20 named Atlantic...
Banks Facing $100B More in Costs to Settle Mortgage-Related Cases: S&P
Nov 27 2013 // The largest U.S. banks may need to pay out up to an additional $105 billion to settle legacy mortgage-related issues, but have a capital cushion that would help them absorb these losses, according to a report by ratings...
$300K Awarded to 2 Terminated Ohio Truck Drivers
Nov 26 2013 // Under the terms of a consent judgment, a now defunct North Canton, Ohio-based company, Star Air Inc., and owner Robert R. Custer, will pay two Ohio truck drivers $302,000 to resolve a lawsuit filed by the U.S. Department...
