Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
U.S. Supreme Court Refuses to Review Louisiana Citizens’ Case
Jun 28 2012 // The nation’s highest court won’t review rulings that require Louisiana’s property insurer of last resort to pay an estimated $110 million to individuals whose claims were not timely addressed after...
Reactions to Healthcare Ruling Coming In; What’s Yours?
Jun 28 2012 // Industry and other reactions to the U.S. Supreme Court decision upholding the Patient Protection and Affordable Care Act have been coming in. Readers are encouraged to offer their own reactions in Comments...
Supreme Court to Deliver Obama Healthcare Ruling
Jun 28 2012 // The U.S. Supreme Court is set to deliver on Thursday its ruling on President Barack Obama’s 2010 healthcare overhaul, his signature domestic policy achievement, in a historic case that could hand him a huge triumph...
Catlin Names Huebel CEO of Canadian Unit, Other Executive Changes
Jun 28 2012 // The Bermuda-based Catlin Group Limited announced that David Huebel will take over as CEO of Catlin Canada, effective July 3. Catlin Canada is the Group’s Canadian underwriting hub, headquartered in Toronto with...
Today’s Supreme Court Healthcare Ruling: Possible Scenarios, Effects
Jun 28 2012 // The U.S. Supreme Court’s ruling on President Barack Obama’s 2010 healthcare law, expected on Thursday, may have wide-ranging political and economic implications. Here is a look at possible scenarios for...
Baldor Electric to Pay $2M to Settle Bias Investigation
Jun 27 2012 // Fort Smith, Ark.-based Baldor Electric Co. has agreed to pay $2 million to settle a discrimination allegation by the U.S. Labor Department, but the company denied bias in its hiring practices. The Labor Department alleged...
The Hartford Enhances Sales Support For Small Business Benefit Brokers
Jun 27 2012 // A new team at The Hartford is offering specialized services for benefits brokers, in order to meet the changing needs of small business owners and their employees. The Hartford recently launched a small business center...
Strong Regulatory Systems Recognize Global Differences
Jun 27 2012 // Insurance markets have evolved over the years to become increasingly global, interconnected, and convergent — a trend that will undoubtedly continue in years to come. The National Association of Insurance Commissioners...
P/C Insurers Profits Rose to $10.1B in Q1
Jun 27 2012 // Private U.S. property/casualty insurers’ net income after taxes rose to $10.1 billion in first-quarter 2012 from $7.8 billion in first-quarter 2011, with insurers’ overall profitability as measured by their...
Swiss Re sigma Study Finds P&C Growth in Emerging Markets
Jun 27 2012 // Swiss Re’s latest sigma study concludes that “global overall premiums declined 0.8 percent in real terms in 2011. While non-life premiums expanded 1.9 percent on solid economic growth in emerging markets and...
Tropical Storm Debby Makes Landfall in Florida Near Steinhatchee
Jun 26 2012 // Tropical Storm Debby made landfall near Steinhatchee, Florida on Tuesday, the U.S. National Hurricane Center said. It is the first tropical storm of 2012 to form in the Gulf of Mexico. “Debby is expected to weaken to...
ACE USA Expands International Advantage Coverage
Jun 26 2012 // ACE USA has expanded its International Advantage product to offer enhanced coverages for the risks faced by professional services employees doing business overseas. Three foreign package offerings designed for accountants...
Nebraska Construction Company Owner Sentenced for Wire, Insurance Fraud
Jun 26 2012 // A Fremont, Neb., man has been sentenced to 18 months in federal prison for a wire fraud conviction that cost banks and insurance companies in Nebraska and Iowa millions of dollars. Thomas Herink was sentenced in...
P/C Industry Should Not Expect Traditional Hard Market Soon: Hartwig
Jun 26 2012 // Although insurance rates have been drifting upward in recent months, the property/casualty industry is unlikely to see a return to the traditional hard market this year or next, an insurance expert told reinsurance...
So. Korea to Halt Iran Oil Imports as EU Insurance Ban Bites
Jun 26 2012 // South Korea became the first major Asian consumer of Iranian crude to announce a halt to imports after the government said they would be suspended from July 1 due to a European Union ban on insuring tankers carrying...
Lloyd’s Details ‘Growing Impact of Climate Change’ as UN Meets
Jun 25 2012 // Lloyd’s has published a roundup of the environmental issues inherent in as the world grows warmer. The recently concluded Rio +20 Conference was an attempt – 20 years after the first conference – “to try to...
BMS Group’s Pioneer Names Hinman in U.S. Expansion
Jun 25 2012 // The UK-based BMS Group, an independent global broker, announced the appointment of delegated authority underwriter Gene Hinman, who will join its Managing General Agent (MGA) platform, Pioneer Underwriting Ltd, in a move...
Tropical Storm Debby Heads for Florida Coast, Spares Louisiana
Jun 24 2012 // Tropical Storm Debby meandered slowly to the Florida coast on Sunday, bringing strong winds and waves that forced the closure of about a quarter of offshore oil and gas production in the Gulf of Mexico and spawning...
Storm Threat Prompts Oil Companies to Evacuate Some Gulf Staff
Jun 22 2012 // Energy companies began evacuating non-essential personnel from operations in Gulf of Mexico on Friday due to the threat of a weather system in the region developing into a tropical cyclone. Anadarko Petroleum Corp. and...
Ex-N.Y. Postal Worker Pleads Guilty to $18K Workers’ Comp Scam
Jun 22 2012 // Authorities said a former U.S. Postal Service employee has pleaded guilty to receiving over $18,000 in fraudulent workers’ comp benefits. The U.S. Attorney’s Office for Northern District of New York said Thomas...
