Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Ratings Roundup: AEGIS, SOGAZ, African Re, Delvag
Jun 26 2013 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bermuda-based Associated Electric & Gas Insurance Services Limited (AEGIS), and...
Colleges Could Face Lawsuits Following Supreme Court Affirmative Action Ruling
Jun 26 2013 // The U.S. Supreme Court’s decision on affirmative action may force universities to re-examine their admissions policies and face waves of litigation about race- based admission. In a 7-1 ruling yesterday, the justices...
Goss Named VP of HealthcarePros Unit at U.S. Risk Underwriters
Jun 25 2013 // Dallas-based managing general agency and surplus lines wholesaler, U.S. Risk Insurance Group Inc., has named Quinton Goss, vice president for HealthcarePros, the healthcare division of U.S. Risk Underwriters. The division...
Insurers Abandon Long Island After Superstorm, N.Y. Senator Schumer Says
Jun 25 2013 // Allstate Corp. is among insurers retreating from the Long Island, New York, homeowners market after superstorm Sandy and should be compelled to offer coverage there, New York Senator Charles Schumer said. Liberty Mutual...
Alberta Promises US$956 Million in Flood Funding; Won’t Balance Budget
Jun 25 2013 // Alberta Premier Alison Redford on Monday promised C$1 billion (US$956 million) in initial funding to help pay for damage caused by major flooding this past weekend, and said the oil-rich province would no longer be able to...
P/C Insurers Turned Profit on Underwriting in Q1, Attained Record Surplus
Jun 24 2013 // First quarter results for U.S. property/casualty insurers show they made a profit on underwriting for the first time since late 2009. Private U.S. property/casualty insurers’ net income after taxes rose to $14.4...
Supreme Court Upholds Immunity for Army Corps; Rejects Katrina Victims’ Claims
Jun 24 2013 // The U.S. Supreme Court rejected an appeal from Hurricane Katrina victims seeking billions of dollars on claims that the Army Corps of Engineers added to the storm’s impact by improperly maintaining a shipping...
Federal Judge Criticizes But Upholds Mississippi Damages Cap
Jun 24 2013 // A federal judge has upheld Mississippi’s cap of $500,000 on non-economic damages in medical malpractice cases. The ruling came in a wrongful death lawsuit filed by the family of a woman and her unborn baby who died...
U.S. May Fall Back on Old Farm Law If No Agreement
Jun 23 2013 // The U.S. Congress is headed for a second stop-gap extension of current farm law if Republican leaders in the House of Representatives cannot get new legislation back on track after a stunning defeat. Farm lobbyists and...
Plaintiffs: BP Acted With Gross Negligence in 2010 Spill
Jun 23 2013 // BP Plc and its contractors should be found grossly negligent for their actions in the April 2010 blowout of the Macondo well and the subsequent Gulf of Mexico oil spill, plaintiffs’ lawyers told a judge. U.S....
Aspen Re Taps Swiss Re Exec to Lead U.S. Business Development in Connecticut
Jun 21 2013 // Aspen Reinsurance, the reinsurance segment of Aspen Insurance Holdings Limited, appointed Tom Luning as head of U.S. regional business development.Tom LuningHe will be based at Aspen Re America’s office in...
U.S. House Strikes Down Republican Farm Bill
Jun 21 2013 // Republican budget-cutters joined Democratic defenders of food stamps on Thursday to deal a shocking defeat to the $500 billion farm bill backed by Republican leaders in the House of Representatives, undermining hopes of...
Regulator Says U.S. Should Review Practices of ‘Patent Trolls’
Jun 21 2013 // The U.S. Federal Trade Commission should gather information about the business practices of “patent assertion entities,” known as patent trolls, to see whether they are hurting competition, the head of the...
Big Business the Winner in U.S. Supreme Court Class Actions
Jun 21 2013 // In a series of rulings this year, the U.S. Supreme Court has steered a consistent course against consumers or small businesses that want to bring class action lawsuits against corporate defendants. Comcast Corp, Whirlpool...
The Many Faces of Terrorism; an Expert’s Analysis from Aon Benfield
Jun 21 2013 // “The recent attacks in London, Paris and the Boston marathon bombing are evidence that terrorists are resorting to simpler tactics,” said Mark Lynch, the head of Political Risk Model Development at Aon...
Texas Tops U.S. in Number of Lost, Stolen Firearms
Jun 20 2013 // Federal authorities say Texas has far and away the largest number of firearms in the U.S. reported as lost or stolen. The Bureau of Alcohol, Tobacco, Firearms and Explosives issued a report this week showing there were...
Ebix, Goldman Sachs Terminate Merger Agreement Amid Probe
Jun 20 2013 // Ebix Inc., a supplier of software and E-commerce services to the insurance industry, announced that it and an affiliate of Goldman, Sachs & Co. have agreed to terminate their previously announced merger agreement. The...
Understanding Foreign Voluntary Workers’ Comp Policies
Jun 20 2013 // In spite of videoconferencing, social media and other new technologies, many businesses depend on their key executives and top sales people to travel overseas to meet with clients in person, to negotiate with foreign...
Ratings Roundup: Wind River, InnovAssur, Radius
Jun 20 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Wind River Reinsurance Company, Ltd. and its U.S....
U.S. Regulators See No Need for Enhanced Insurer Capital
Jun 19 2013 // Insurers should not be forced to hold extra capital just because of their size, because the extra cost would simply be passed on to consumers, U.S. regulators said on Tuesday. G20 world leaders have backed imposing extra...
