Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Torus Acquires Renewals of C.V. Starr for Continental Europe; Interview with Int’l. CEO O’Donohoe
Dec 5 2011 // Torus announced that it has entered into an agreement with Starr Underwriting Agents Limited whereby Torus Syndicate 2243 acquires the renewal rights to CV Starr Syndicate 1919’s Continental European Marine,...
U.S. P/C Insurers’ Catastrophe Losses Top $38 Billion
Dec 5 2011 // Catastrophe-related losses experienced by the U.S. property/casualty (P/C) industry through the first nine months of 2011 have nearly doubled total year-end 2010 losses, according to the latest estimates from A.M. Best...
Lawmakers Block Safety Rules for Lithium Battery Shipments
Dec 5 2011 // Lawmakers responded to pleas from industry and foreign governments on Friday with a tentative agreement to block the Obama administration from requiring that air shipments of lithium batteries be treated as hazardous cargo...
2011 Hurricane Season Spared Usual Targets While Flooding Northeast
Dec 5 2011 // The 2011 Atlantic hurricane season was a study in contradictions: It spared the usual Southern targets, while Irene paralyzed the Eastern seaboard and devastated parts of the Northeast with deadly flooding. The season...
Judge Rejects Citigroup-SEC Mortgage Settlement
Dec 5 2011 // A federal judge blocked Citigroup Inc.’s proposed $285 million settlement over the sale of toxic mortgage debt, excoriating the top U.S. market regulator over how it reaches corporate fraud settlements. U.S. District...
Medicare Liens and Settlements Following United States v. Stricker
Dec 5 2011 // Reaching a settlement amount between the carrier and a plaintiff over a personal injury claim is sometimes the easiest part of a settlement where Medicare liens are involved. Medicare is a payer of last resort, which...
Starr International Files $25B Lawsuit Against U.S., Calling AIG Takeover ‘Unconstitutional’
Dec 5 2011 // A company run by former American International Group Inc. Chief Executive Maurice “Hank” Greenberg sued the U.S. government for $25 billion, calling the 2008 federal takeover of the insurer...
Judge: Transocean Insurance not Available to BP for Oil Spill
Dec 5 2011 // States May Pursue Punitive Damages Against BP and Others. BP has lost two big rulings in its fight to shield itself from potentially having to pay billions of dollars more in damages related to the worst offshore oil spill...
Leading By Creating
Dec 5 2011 // Top 100 Agency Profile Agency Name: Confie Seguros, trading under Freeway Insurance Headquarters: New York, N.Y. Year Founded: 2008 Additional Locations: California, Arizona, Washington, Oregon, Texas, New York, New...
U.S. Reopens Public Database of Malpractice Claims Against Doctors
Dec 5 2011 // The U.S. government reopened public access to a database of malpractice claims and damages paid by doctors, with new restrictions that would prohibit using it in any way to identify the physicians. Consumer advocates and...
Report Links Wildfires to Immigrants in Arizona
Dec 5 2011 // A study by Congress’ investigative arm issued in late November shows investigators have linked 30 fires that erupted in a five-year period in Arizona’s border region to people who crossed into the United States...
AXIS Capital Hires North American Professional Lines Chief in N.J.
Dec 2 2011 // AXIS Capital Holdings’ insurance segment appointed John Van Decker as Berkeley Heights, N.J.-based executive vice president and head of North American professional lines. In this newly created position, Van Decker is...
Judge Dismisses Lawsuit Non-U.S. Claims Against Toyota
Dec 2 2011 // Toyota Motor Corp has won the dismissal of a U.S. lawsuit brought by vehicle owners in 14 other countries who said their Toyotas lost value because of the Japanese automaker’s mishandling of alleged unintended...
Swiss Re Economists See Weak Growth; Some Market Hardening; EU Peril
Dec 2 2011 // Swiss Re presented its latest analysis of the global economic outlook and its potential impact on the insurance industry at an economic forum in London yesterday, December 1. Chief Economist Kurt Karl began the discussion...
Part of Mississippi Healthcare Suit Placed on Hold
Dec 2 2011 // A federal judge has put on hold portions of a Mississippi lawsuit against Obama administration’s health care law. U.S. District Judge Keith Starrett, in a ruling issued Nov. 23, stayed consideration of parts of the...
Aspen Enters Recreational Marine Market
Dec 1 2011 // Aspen U.S. Insurance has entered the recreational marine insurance market. Its products will be distributed through an exclusive agreement with the Atlanta-based Axiom Insurance Management, Ltd. The focus will be on...
Judge Allows Indiana State Fair Victims to Form Class
Dec 1 2011 // A federal judge certified all of the victims of the Indiana State Fair concert stage collapse into a single class in a lawsuit challenging a law that caps the state’s liability at $5 million, but she concluded the...
Aon Introduces Tenant Rent Default Coverage
Dec 1 2011 // Aon has partnered with QBE Insurance Group to offer a product that will reimburse U.S. landlords for lost incomes when tenants default on rent payments. “Rent default coverage has been sold overseas for years, but...
Sweeney Retires; McKay Named CEO of U.S. Aviation Underwriters
Dec 1 2011 // Michael Sweeney plans to retire as CEO of United States Aviation Underwriters (USAU) at the end of the year, parent company General Re Corp. in Stamford, Conn. said. Sweeney will continue as chairman until April 30, 2012....
Hiscox Designs Terrorism Product for Healthcare Industry
Nov 30 2011 // Hiscox has launched a terrorism liability product designed specifically for healthcare risks such as hospitals, physician offices, researchers and long-term care providers. The carrier says the product, which was designed...
