Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Los Angeles Sues Deutsche Bank Over Foreclosure Blight
May 5 2011 // The city of Los Angeles has sued Deutsche Bank, claiming the global financial institution is one of the biggest “slumlords” in the second-largest U.S. city. Due to widespread foreclosures, Deutsche Bank...
Insurers Fight Over Flood Insurance Policies Dropped by State Farm
May 5 2011 // Major U.S. insurers jostled on Capitol Hill this week over control of 800,000 former State Farm flood insurance policies as lawmakers tried to advance reform of the nation’s flood insurance system. The conflict began...
Sony Hires Investigators to Clean Up After Breach
May 4 2011 // Sony has hired outside investigators to help clean its networks and catch the people behind a massive breach that exposed the personal data of more than 100 million video game users. The Japanese electronics giant has...
Palmer to Join Citadel Risk Board
May 4 2011 // The Board of Citadel Risk Services US and UK announced the appointment of Mike Palmer to the Board of Citadel Risk alongside Tony Weller (Chief Executive), Art Coleman (President of US based Citadel Risk Management, Inc....
U.S. Sues Deutsche Bank Over Mortgage Fraud
May 3 2011 // The United States sued Deutsche Bank AG for more than $1 billion, accusing the German bank of defrauding the government by repeatedly lying to obtain federal insurance guarantees on mortgage debt. The lawsuit filed Tuesday...
RMS Expert Explains Role of ‘Social Network’ in Tracking Down Bin Laden
May 3 2011 // The arcane world of spies, informers, terrorists and the people who have to deal with them remains largely a mystery to most ordinary citizens. But when those efforts produce spectacular results, as in the tracking down...
AIR Worldwide Cat Models Now Cover Industrial and Renewable Energy
May 3 2011 // Catastrophe modeling firm AIR Worldwide (AIR) today announced that its Catastrophe Risk Engineering (CRE) models now cover industrial and renewable energy facilities worldwide. Their expansion is “aimed at helping...
Special Report: As Pirate Attacks Increase, Ship Owners Take Arms
May 3 2011 // Upstairs in a public house in the town of Poole on the English south coast, 18 men are preparing to take on the pirates of the Indian Ocean. Around antique polished wooden tables scattered with laminated charts, handouts...
Marsh: Captive Owners Bolstered Capital Positions During Downturn
May 2 2011 // Over the last few years organizations took action to strengthen the financial position of their captive insurance company operations, while those forming new captives were more likely to start up captives in U.S. onshore...
World on Alert after U.S. Kills bin Laden
May 2 2011 // Osama bin Laden was killed in a U.S. assault on his Pakistani compound Monday. He was then quickly buried at sea, in a dramatic end to the long manhunt for the al Qaeda leader who had become the most powerful symbol of...
Ratings Recap: SCOR (US), Majestic
May 2 2011 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” of the life and non-life North American operating subsidiaries of France’s SCOR SE...
Best Downgrades Universal Casualty; Other Kingsway Subs under Review
May 2 2011 // A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘D’ (Poor) from ‘B-‘ (Fair) and issuer credit rating (ICR) to “c” from “bb-” of Universal Casualty Company...
Rising Seas Could Threaten 180 U.S. Cities by 2100
May 2 2011 // Rising seas spurred by climate change could threaten 180 U.S. coastal cities by 2100, a new study says. Previous studies have looked at where rising waters might go by the end of this century, assuming various levels of...
Top 10 U.S. Excess/Surplus Insurers
May 2 2011 // The top 10 U.S. excess and surplus lines carriers of 2010 based on direct premiums written for the 12 months ended Dec. 31, 2010, according to SNL Financial include: American International Group Zurich Financial Services...
Japan Quake Reveals Cracks in Insurance System
May 2 2011 // Michael Korn, managing principal at Integro Insurance Brokers, is a popular person these days, which is perhaps not too surprising considering he is an insurance broker in earthquake-prone San Francisco. “We’re...
Obama, Cabinet Vow Urgent Aid for Storm-Battered Southern States
May 1 2011 // Federal officials vowed urgent support Sunday for a region devastated by the deadliest U.S. natural disaster since Hurricane Katrina, even as they acknowledged recovery would not be quick or easy. President Barack...
A Third of Large U.S. Firms Show Business Interruption From Japan Disaster
Apr 29 2011 // More than a quarter of large U.S. based businesses are experiencing disruptions to their supply chains or contingent business interruptions as a result of the March earthquake in Japan, says a new report. A new Greenwich...
Louisiana Insurance Agent Gets Prison in Fraud Case
Apr 29 2011 // A 67-year-old Plaquemine, La., insurance agent has been sentenced to more than four years in federal prison for mail fraud that cost several of his insurance clients nearly $1.4 million. U.S. District Judge Brian A....
More to Explore for Doha World Trade Deal, EU Says
Apr 29 2011 // The European Union presented world trade negotiators with a last-minute plan to rescue stalled free trade talks on Friday, saying there were still avenues of negotiation to explore after 10 years of trying. In a...
Tornadoes, Storms Rip South, at Least 228 Dead
Apr 28 2011 // Tornadoes and violent storms ripped through seven southern U.S. states, killing at least 228 people as they flattened neighborhoods, flipped cars and toppled trees and power lines. In the deadliest series of tornadoes in...
