Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Lloyd’s Insurer Chaucer Endorses The Hanover’s Takeover Bid
Apr 20 2011 // Lloyd’s insurer Chaucer plc has issued a statement endorsing the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Chaucer by 440 Tessera Limited (BidCo), a...
Allied World Forms New Inland Marine Division
Apr 19 2011 // Allied World U.S. has expanded its property & casualty (P&C) operations with the launch of a new inland marine division. The division will target all filed and non‐filed classes of inland marine business in the...
Japan’s Meiji Life Says Confidence in U.S. Bonds ‘Unshaken’
Apr 19 2011 // Japan’s Meiji Yasuda Life plans to increase its investment in foreign bonds, focusing on dollar debt, with its confidence in U.S. Treasuries unshaken by the threat of a credit downgrade, a top executive said on...
Growth of Clean Tech Industry Delivers New Exposures, Opportunities
Apr 18 2011 // Backed by government policy and growing public support, demand for technology that is both clean and sustainable has increased substantially in the United States, Europe, Asia and other parts of the world over the last...
US Nuclear Regulator Monitoring Plant after Tornado
Apr 18 2011 // The U.S. nuclear safety regulator said Monday it was monitoring a Virginia nuclear power plant in southeastern Virginia operated by Dominion Resources after a tornado cut its electrical power. The Nuclear Regulatory...
U.S. Credit Outlook Cut by S&P on Deficit Concerns
Apr 18 2011 // Standard & Poor’s Monday downgraded its credit outlook for the United States, citing a risk that policymakers may not reach agreement on a plan to slash the huge federal budget deficit. While the credit rating...
ABIR Reports 2010 Results for Bermuda’s Re/Insurers; $11.4 Bn Net Income
Apr 18 2011 // The Association of Bermuda Insurers and Reinsurers (ABIR) has released the 2010 global underwriting results for its 22 member (re)insurers – companies that write insurance and reinsurance from underwriting centers in...
Japan’s Tragedy a Reminder of Need for Business Interruption Insurance
Apr 18 2011 // The human, social and economic devastation in Japan from the massive earthquake and tsunami is overwhelming and business losses are just beginning to be tallied. Companies in the United States that purchase products or...
Reinsurance Rates Up, But Few Agree How Much
Apr 18 2011 // Reinsurance rates may be edging higher only now, but the companies’ shares could still surge amid investor hopes that disasters, including Japan’s earthquake, will result in much higher rates in the...
Supreme Court Weighs Bid for Fast-Tracking Healthcare Law Challenges
Apr 15 2011 // The Supreme Court will likely reject a request to speed up a ruling on President Barack Obama’s healthcare overhaul law, legal and financial analysts said. The justices Friday are scheduled to consider...
Austrian Insurance Swindler Seeks Release from U.S. Prison
Apr 15 2011 // It’s easy to see why insurance swindler Sholam Weiss was not entirely satisfied with a judge’s decision to cut 10 years from his prison term. Even after the reduction, Weiss still had 835 years to serve for his...
One Year Later, Gulf States Still Grappling with BP Oil Disaster
Apr 15 2011 // When a BP oil rig exploded and sank in the Gulf of Mexico last April, killing 11 workers, authorities first reported that no crude was leaking into the ocean. They were wrong. The disaster that captivated the world’s...
Investors Suing Banks Gain Ammunition with Senate Report
Apr 15 2011 // Pigs. Unicorns. Money? A scathing U.S. Senate panel report faulting Goldman Sachs Group Inc., Deutsche Bank AG and others for contributing to the financial crisis may provide ammunition for investor lawsuits accusing the...
U.S. Oversight Council Urged to Be More Transparent
Apr 15 2011 // The U.S. risk council is hiding documents and needs to be more transparent in how it chooses which insurers and other major non-bank financial firms pose a risk to the financial system, lawmakers said on Thursday. Among...
U.S. Shuts Down Massive Cyber Theft Ring
Apr 14 2011 // U.S. authorities claimed one of their biggest victories against cyber crime as they shut down a ring they said used malicious software to take control of more than 2 million PCs around the world, and may have led to theft...
Auditors Cite Catholic Church’s Lapses in Child Abuse Prevention
Apr 13 2011 // Auditors hired by the U.S. bishops to check child safety in America’s Roman Catholic dioceses each year warned in a new report this week of a drift away from parts of the church’s nine-year-old abuse prevention...
U.S. Hospital Safety Plan Could Save Lives, Dollars: Officials
Apr 13 2011 // A hospital patient care and safety initiative aimed at preventing medical errors and hospital-acquired infections could save thousands of lives and billions of dollars, U.S. government and industry officials said on...
Red River Floods Fields, but U.S. Farmers Ready
Apr 12 2011 // Record flooding in parts of the U.S. Red River Valley has slowed grain movement, but lake-like fields are nothing new to farmers who battle flooding on some scale each spring, industry officials said. The Red River, which...
Aspen Adds Two Execs to U.S. Surety Unit
Apr 12 2011 // Specialty insurer Aspen has added two execs to its Connecticut-based U.S. surety team. James Mercier will serves as senior vice president, associate general counsel and claims, surety. Scott Sadowsky will serve as senior...
U.S. Pay Czar Allows AIG Flexibility with Pay Packages at AIG
Apr 11 2011 // The U.S. pay czar will allow bailed-out firms American International Group, Ally Financial and General Motors to be flexible with their compensation packages for certain high-paid employees, according to letters released...
