Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Munich Re: Sandy Tops 2012 Disasters
Jan 14 2013 // A series of severe weather-related catastrophes led to higher-than-normal losses in the United States last year. The world’s largest reinsurer Munich Re took a close look at these catastrophes in its “2012...
Declarations – Midwest
Jan 14 2013 // Certain Losses “Those cars are going to be losses.” —U.S. Postal Service spokesman Pete Nowacki said up to 30 postal vehicles and an undetermined number of employee cars were submerged behind a mail-sorting...
Foodborne Illness Cases Present Complex Coverage Questions
Jan 14 2013 // One of the most heavily litigated insurance issues in coverage liability cases related to outbreaks of widespread foodborne illnesses is the determination of occurrence where multiple people in multiple states are affected...
Governments Struggle with Financial Crisis as the Planet Warms up
Jan 11 2013 // The global economy has been through economic recessions before, and has eventually recovered from them. This time around, however, it must do so while coping with the ever increasing menace of climate change – that makes...
Double-Digit Returns Absent From Year-End, 2013 Financial Forecasts
Jan 11 2013 // Although analysts following the property/casualty insurance industry expect underwriting results for 2012 to be better than 2011 when full-year numbers are tallied, double-digit overall returns-on-equity are still not...
Study Urges National Healthcare Spending Target
Jan 11 2013 // The United States could save $2 trillion in healthcare spending over the next decade, if the U.S. government used its influence in the public and private sectors to nudge soaring costs into line with economic growth, a...
Confie Eyes More Expansion, Push Into Standard Lines
Jan 10 2013 // In the coming year Confie Seguros plans to up its buying spree and expand into standard personal and small commercial lines, while broadening its demographic from being primarily Hispanic focused, the president of the...
3rd Defendant in W Financial Group $17M Fraud Sentenced to Prison
Jan 10 2013 // A man who, along with two others, falsely used the names of two well-known insurance groups in a scheme to swindle elderly people out of millions of dollars has been sentenced to prison in North Texas. Adley Husni...
Surplus Lines Regulatory Picture for 2013
Jan 10 2013 // State implementation of the Nonadmitted and Reinsurance Reform Act (NRRA), effective July 21, 2011, proceeded relatively smoothly during 2012, albeit with a few hiccups as industry and regulators navigated the transition...
Drought-Ridden Wheat Belt Declared Disaster; Record Crop Insurance Claims Seen
Jan 10 2013 // The government declared much of the central and southern U.S. Wheat Belt a natural disaster area on Wednesday due to persistent drought that imperils this year’s winter wheat harvest. In its first disaster...
Peak Re Launched in Hong Kong for ‘Underserved’ Asia Pacific Markets
Jan 10 2013 // Peak Reinsurance Company Limited formally announced that it has opened for business. The new reinsurer, established to capture the growing demand for modernized reinsurance solutions in Asia Pacific, said it has...
Multilateralism in Trade is ‘Dead’ Says French Industry Minister
Jan 10 2013 // Multilateral trade deals are “dead”, France’s industry minister said on Tuesday, professing a preference for bilateral accords as the 27-nation European Union and the United States prepare to begin talks...
Why U.S. Lags Other Wealthy Nations in Health Measures
Jan 10 2013 // Overeating, lack of health insurance access and comparatively high poverty are among the many reasons why Americans are less healthy and die younger than people in other wealthy countries, a report requested by the U.S....
Supreme Court Weighs Government’s Statute of Limitation in Civil Penalty Cases
Jan 9 2013 // The U.S. Supreme Court on Tuesday appeared poised to curtail the power of the top federal securities regulator to seek civil penalties after exceeding the usual time limit for fraud investigations. In oral argument,...
U.S. Insurers Should Be Stable in 2013, Says S&P
Jan 9 2013 // U.S. insurance sectors are generally poised for stable credit trends in 2013, resulting from strong balance sheets, a stable business climate, and improved enterprise risk management, according to Standard &...
AIG Says It Has Obligation to Consider Bailout Lawsuit; Critics Pounce
Jan 9 2013 // American International Group Inc., the insurer rescued by the U.S. government in 2008, said on Tuesday it is considering joining a lawsuit that claims the bailout terms were unfair, drawing angry condemnation from...
AIG May Join Suit Against Federal Government Over ‘Unfair’ Bailout Terms
Jan 8 2013 // American International Group Inc., the insurer rescued by the U.S. government in 2008 with a bailout that ultimately totaled $182 billion, may join a lawsuit against the government alleging the terms of the deal were...
Supreme Court Considers Travelers Insurance Case on Limiting Class Actions
Jan 7 2013 // The U.S. Supreme Court on Monday weighed whether to impose new limits on class-action lawsuits, as it reviewed whether a homeowner’s lawsuit against his insurer belonged in a state court considered friendly to...
NOAA: 2012’s U.S. Billion-Dollar Extreme Weather Events ‘Impressive’
Jan 4 2013 // Last year may not have measured up to 2011 in terms total damages or havoc wreaked, but the nearly dozen recorded billion-dollar weather related events still ranks as impressive. That’s according to the National...
FDA Proposes New Food Safety Rules
Jan 4 2013 // U.S. regulators proposed new food safety rules on Friday that aim to make food processors and farms more accountable for reducing foodborne illnesses that kill or sicken thousands of Americans annually. The new rules,...
