Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
People
Oct 3 2011 // State Auto Insurance’s previously announced Austin, Texas, claims facility is now operational, the company reported. The following individuals serve on the claims team at the Austin facility: Sandra Robinson, claims...
Insurance Risks of Business Travelers
Oct 3 2011 // Business travelers say there’s no substitute for being there. Even though budgets are tight and new technology makes it easy for people to connect virtually anywhere, businesses understand that it is crucial for...
Sportscover: Providing Coverage for Sports and Leisure around the World
Oct 3 2011 // Sports and leisure activities are one of the most ubiquitous pass times the world over. Whether you participate, or just watch, virtually no one is far away from some form of sporting activity. It’s why sports, as a...
Business Moves
Oct 3 2011 // U.S. Risk, American Special Risk Dallas-based managing general agency and surplus line wholesaler U.S. Risk Insurance Group Inc. has acquired American Special Risk Insurance Services, headquartered in Woodland Hills,...
People
Oct 3 2011 // The National Association of Mutual Insurance Companies (NAMIC) presented the Federal Legislator of the Year Award to U.S. Rep. Judy Biggert, R-Ill., at its annual convention in Indianapolis. Biggert currently serves as...
Business Moves
Oct 3 2011 // AssuredPartners, Neace Lukens Florida-based AssuredPartners Inc. has acquired the Neace Lukens, a Kentucky-based insurance agency, as part of a plan to build a national insurance brokerage firm. AssuredPartners is a member...
Surplus Lines Industry Losing Its Edge?
Oct 3 2011 // The surplus lines industry continues to outperform the overall property/casualty industry but its advantage is not what it used to be. According to the annual A.M. Best special report, the surplus lines industry generated...
Fraud Roundup
Oct 3 2011 // Former Controller for Texas Insurer Sentenced for Wire Fraud Scheme The former controller for a Houston-based property/casualty insurance company has been sentenced to 120 months in federal prison for her conviction of...
Business Moves
Oct 3 2011 // McLarens, Washington Oregon Claim Service McLarens Young International has acquired Washington Oregon Claim Service, a middle market claims adjusting firm in the Pacific Northwest. The acquisition is Atlanta-based...
Texas Man Sentenced to 60 Years for $100M Insurance Fraud
Sep 30 2011 // After hearing tearful testimony from several people whose life savings were stolen, a federal judge in Virginia sentenced a former Texas businessman to 60 years in prison for his role in a $100 million life insurance scam...
SEC Concedes Challenges in Probes of Rating Agencies
Sep 30 2011 // The U.S. Securities and Exchange Commission faces hurdles proving wrongdoing at credit-rating agencies, the agency’s enforcement chief said, pointing to the complexity of the cases and the industry’s strong...
Judge Lets Agent Orange Case Against Monsanto Proceed
Sep 29 2011 // Monsanto Co. has lost a bid to close part of a lawsuit alleging the company caused health injuries to residents living near a plant that made the Vietnam War-era U.S. military defoliant “Agent...
Report: Allianz, AXA among Likely Bidders for HSBC Unit Sale
Sep 29 2011 // European insurers Allianz and AXA SA are among the potential bidders for HSBC Holdings Plc’s sale of its general insurance business, which could fetch more than $1 billion, sources familiar with the matter told...
SNL Buys Summit Media’s Financial Information Unit, Highline Data
Sep 28 2011 // Summit Business Media has sold its insurance financial information unit. Another financial information firm, SNL Financial, said it has acquired the Summit Business Media insurance information services unit, Highline Data,...
Business Group, 26 States Take Healthcare Law Challenge to Supreme Court
Sep 28 2011 // Twenty-six states and a small business group appealed Wednesday to the Supreme Court seeking to strike down all of President Barack Obama’s signature 2010 healthcare law. The states and the National Federation of...
Rating Agencies Win Dismissal of Ohio Funds Lawsuit
Sep 28 2011 // The three major credit-rating agencies won the dismissal of a lawsuit alleging that five Ohio pension funds lost hundreds of millions of dollars on risky mortgage debt because they relied on flawed ratings that made the...
US Quake Project Aimed to ID Future Hotspots
Sep 27 2011 // Scientists have embarked on an ambitious experiment to better anticipate earthquakes by identifying the likeliest places where magnitude-4.9 quakes or stronger will occur in seismically active California over a five-year...
Lloyd’s Calls for Redrawing Disaster Roles in U.S. for Government, Private Insurers
Sep 27 2011 // Government intervention in the insurance market is putting the financial burden of natural disasters on U.S. taxpayers, according to a report by Lloyd’s of London, the global specialist insurance market. The report,...
Iowa Won’t File Criminal Charges Against Texas Firm
Sep 27 2011 // Iowa won’t pursue criminal charges against a Texas company that’s accused of exploiting developmentally disabled workers at a turkey plant in eastern Iowa. According to the Des Moines Register, the Iowa...
Accounting Firm Sued for $7.6B, Accused of Missing Lender Fraud
Sep 27 2011 // Deloitte Touche Tohmatsu Ltd , the world’s largest accounting and consulting firm, was accused Monday of failing to detect fraud during its audits of one of the biggest private mortgage firms to collapse during the...
