Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Hurricanes Igor, Julia Spin in Atlantic
Sep 14 2010 // Tropical Storm Julia grew in the far eastern Atlantic into the fifth hurricane of the storm season, while Hurricane Igor weakened slightly but remained a dangerous Category 4 storm, forecasters said on Tuesday. Neither...
Drugmaker Lilly Wins Reversal of Overpricing Case Brought by Insurers
Sep 13 2010 // A federal appeals court decertified a class of unions and insurers that accused Eli Lilly and Co. of overpricing its Zyprexa anti-psychotic drug after misrepresenting its efficacy and side effects. The U.S. Second Circuit...
Australia Regulator Blocks NAB’s $12 Billion AXA Asia Pacific Bid
Sep 9 2010 // Australia’s competition regulator has again blocked National Australia Bank’s $12 billion bid for AXA Asia Pacific, dealing a blow to NAB’s 9-month efforts to cement its dominance in the world’s...
Best Reports Healthy Earnings ‘Mask Challenges’ for Global Reinsurers
Sep 9 2010 // A special report from A.M. Best concludes that “robust earnings reports mask challenges ahead for the global reinsurance industry: a convergence of market pressures, low interest rates and tightening financial and...
RMS Analyzes New Zealand Earthquake Insured Losses
Sep 9 2010 // Risk Management Solutions has stated that, based on its analysis of the area exposed to the New Zealand earthquake, it “currently expects that approximately 60-70 percent of the insured loss will be residential, and...
Halliburton, Transocean Reject BP’s Claims; Court Battles Loom
Sep 9 2010 // BP Plc and its Gulf of Mexico oil well partners traded blame Wednesday after an internal BP investigation tried to downplay the company’s role in the world’s biggest offshore spill. The 193-page BP report...
One Death Reported as Blast Rips Through Mexico Oil Refinery
Sep 8 2010 // An explosion ripped through a major Mexican refinery Tuesday, killing one worker and pushing gasoline and diesel prices higher on worries state oil monopoly Pemex will have to import more fuel. Pemex, the world’s No....
U.S. RE Analytics Names Kutsina as Managing Director
Sep 8 2010 // Anya Kutsina has been named managing director of U.S. RE Analytics LLC, a subsidiary of U.S. RE Companies Inc., an international financial services and reinsurance brokerage group. Kutsina has served as head of sales and...
Fitch Revises U.S. P/C Industry Outlook to Stable
Sep 8 2010 // Fitch has revised its sector outlook on the U.S. property/casualty insurance industry to stable from negative for both the commercial lines and personal lines sectors. The ratings agency says that a stable outlook for the...
Tropical Storm Hermine Slams into Northeastern Mexico
Sep 7 2010 // Tropical Storm Hermine slammed into northeastern Mexico near the Texas border Monday, dumping heavy rain on a region still recovering from Hurricane Alex’s visit in June. Hermine, the eighth named storm of the...
BP Helps Fund U.S. Research Into Health Effects of Oil Disaster
Sep 7 2010 // Oil giant BP said it is providing $10 million to the National Institutes of Health (NIH) to support a study of potential public health issues relating to the Gulf of Mexico oil disaster and other spill-related health...
Declarations
Sep 6 2010 // Better Protection Against Insolvency “We’ve long had the ability to intervene when a company is insolvent. … But to protect policyholders, we need to step in much sooner than that. This new law lets insurers...
Earl Weakens, Pounds North Carolina Islands, Heads for Massachusetts
Sep 3 2010 // Hurricane Earl battered North Carolina’s coast with rain, winds and waves Friday and swirled up the U.S. eastern seaboard toward New England and Canada as a weakened but still dangerous storm. The impact of the...
FEMA, East Coast States Ready for Earl
Sep 2 2010 // As Hurricane Earl prepares to approach North Carolina tonight, the Federal Emergency Management Agency (FEMA) says it is preparing for the storm and supporting state and local officials along the East Coast as they work to...
Hurricane Earl Weakens Slightly; Churns Toward East Coast
Sep 1 2010 // Visitors and some residents evacuated from low-lying vacation islands off the North Carolina coast Wednesday as Hurricane Earl bore down on the U.S. eastern seaboard, churning up dangerous swells. Earl, still a major...
Dead Soldiers’ Parents Join Lawsuit Against Prudential Over Benefits
Sep 1 2010 // The parents of six deceased U.S. soldiers are suing Prudential Financial, saying it paid paltry interest on military life insurance benefits while keeping more generous interest earnings for itself. Five plaintiffs joined...
U.S. P/C Reinsurers’ Premiums Decrease $12.8B in First Half of 2010
Sep 1 2010 // A group of 19 U.S.-based property/casualty reinsurers wrote $12.3 billion of net premiums during the six-months ended June 30, 2010, a decrease from the $12.8 billion net premiums written in the first six months of...
Missouri Insurance Department Joins Lawsuit Against US Fidelis
Sep 1 2010 // The Missouri Department of Insurance has joined a pending consumer fraud lawsuit filed by Attorney General Chris Koster against service contract seller US Fidelis. US Fidelis sold motor vehicle extended service contracts,...
U.S. Risk Acquires Workers’ Compensation Wholesaler Unisource
Aug 31 2010 // Specialty lines underwriting manager and wholesale broker U.S. Risk Insurance Group Inc. has taken over Florida-located Unisource Program Administrators, a wholesaler of workers’ compensation, for an undisclosed...
Earl Now Major Hurricane, Headed Toward East Coast
Aug 30 2010 // Hurricane Earl has strengthened into a major Category 3 storm Monday and could arrive off the East Coast of the U.S. by the end of this week. It is currently rocking the Caribbean’s Northern Leeward Islands. The...
