Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Big Drop in Road Deaths Tied to Recession, Seat Belts
Jan 5 2011 // Air bags and the economic recession have contributed to the biggest drop in road deaths in the United States since World War II, U.S. researchers said Tuesday. Changes in driving patterns and safety features both...
Cunningham Lindsey Acquires Loss Adjusting Unit of GAB Robins NA
Jan 5 2011 // Cunningham Lindsey has acquired the U.S. loss adjusting business of GAB Robins North America Inc. The global loss adjusting and claims management services company said the addition of the GAB Robins loss adjusting business...
Top Workers’ Compensation News in 2010
Jan 4 2011 // Soft market conditions with unabated price competition and a slow economy with reduced payrolls continued to affect commercial liens including the the workers’ compensation industry in 2010, as they did in...
2010 Was U.S. Coal Industry’s Deadliest Since 1992
Jan 4 2011 // The U.S. coal industry had its deadliest year in nearly two decades in 2010, with much of the death toll stemming from a single explosion. As of last week, 48 miners had died in the nation’s 1,500 coal mines over the...
P/C Insurers Improve Personal Lines, Investment Results in Q3
Jan 4 2011 // The U.S. property/casualty industry generated improved operating results in the third quarter despite competitive market conditions, elevated catastrophe losses, the economic downturn and historically low investment...
Toyota Says Subrogation By 7 Insurers for Acceleration Claims Is Meritless
Jan 4 2011 // Seven automobile insurance firms have followed Allstate Insurance Co. in suing Toyota Motor Corp. to recover money they paid in claims for car crashes blamed on unintended acceleration of Toyota vehicles. The...
U.S. Analyst: China May Be ‘Likely Bright Spot’ in Asia Climate Action
Dec 31 2010 // The outcome of U.N. climate talks in Mexico this month should boost steps in Asia to curb greenhouse gas emissions, with China a likely bright spot in 2011, a senior analyst at a leading U.S. think tank said. The talks...
2011 Outlook: Too Much Capacity + Stagnant Demand = a Soft Market
Dec 31 2010 // A quick, and as yet incomplete, survey of re/insurance industry leaders indicates that the main concern they will have to deal with in the coming year isn’t climate change, or Solvency II, but the insurance...
Reinsurance Renewal Rates On the Decline, Reports Claim
Dec 30 2010 // Reinsurance rates for 2011 are falling at the same or greater pace than traditional insurers and further softening of the market is to come, according to two industry reports. For the second year in a row, global...
AIG, Chartis Sign $4.3 Billion Credit Agreements
Dec 28 2010 // Bailed-out insurer American International Group took another step toward winding down its U.S. government support Monday by securing $4.3 billion of bank credit lines, and company shares surged. AIG’s shares closed...
Chartis Obtains $450 Million Cat Bond with Lodestone Re
Dec 28 2010 // Chartis announced that it has entered into a reinsurance transaction with Lodestone Re, which will provide $450 million of protection to Chartis against U.S. hurricanes and earthquakes. “This represents a substantial...
Ratings Recap: Allianz Global (US), Balboa Group, North Light, Heritage
Dec 28 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit ratings of “aa” of Allianz Global Corporate & Specialty North America (AGCS NA), which includes...
Inspections Reducing Mine Safety Violations: U.S. Official
Dec 28 2010 // Conducting special inspections to crack down on mines with poor safety records appears to be working, the federal Mine Safety and Health Administration said last week. The agency said it issued 250 citations and orders...
Allstate Sues Bank of America Over Countrywide Mortgage Losses
Dec 28 2010 // Allstate Corp. has sued Bank of America Corp., its Countrywide lending unit and 17 other defendants for allegedly misrepresenting the risks on more than $700 million of mortgage securities it bought from...
Catastrophes Top 2010 List of Major Global Insurance Events
Dec 23 2010 // Natural and man-made catastrophes topped the list of the most significant events in 2010, with three major earthquakes, a near record number of hurricanes, some serious typhoons and windstorms, a volcanic eruption and a...
Ratings Recap: Beazley (U.S.), Atradius Trade Credit, HDI-Gerling America
Dec 23 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Connecticut-based Beazley Insurance Company, Inc. (BICI), both with stable outlooks....
Democratic Congress Productive But Unpopular
Dec 23 2010 // Perhaps never before has a U.S. Congress done more and been liked less than the one controlled by President Barack Obama’s Democrats that ended Wednesday. It wrapped up its two-year legislative cycle with a crush of...
SPECIAL REUTERS REPORT: Inside AIG’s Tortuous Turnaround
Dec 22 2010 // During a rainstorm in Washington in early 2009, amid the furor over Wall Street’s post-bailout bonuses, an American International Group employee pulled out an umbrella that had the insurer’s name on...
Best Affirms Lloyd’s Syndicates 2623, 623, 3623, 3622 Ratings (Beazley)
Dec 22 2010 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength ratings of ‘A ‘(Excellent) and issuer credit ratings (ICR) of “a+” of Lloyd’s Syndicate 2623, Lloyd’s...
President Obama Expected to Sign Food Safety Overhaul Bill
Dec 22 2010 // The ailing U.S. food safety system moved closer Tuesday toward its biggest overhaul in more than 70 years after the House passed legislation that would increase inspections and give regulators the power to recall tainted...
