Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Democrats Seize on Wellpoint’s 39% Rate Hike to Renew Reform Effort
Feb 12 2010 // Health insurer WellPoint Inc. defended its rate hike of up to 39 percent for certain California customers as Democrats latched onto the increase to press their case for overhauling the U.S. healthcare system. The...
Toyota Now Facing Lawsuits over Shrinking Resale Values of Cars
Feb 11 2010 // Added to a wave of personal injury lawsuits stemming from Toyota’s massive recall, the automaker faces a growing number of consumer class-action cases — more than 40 so far — over the shrinking resale...
Armour Re Selects Barker to Serve as U.S. Subsidiary President
Feb 10 2010 // Bermuda-based Armour Reinsurance Group Holdings Limited announced the appointment of Katherine Barker as President of its US subsidiary, Armour Risk Management Inc. and group vice president. Armour Risk is the...
Special Reuters Report: Inside Toyota’s Epic Breakdown
Feb 10 2010 // Toyota Motor Corp., the world’s most dominant and profitable automaker, was not accustomed to outsiders telling it what to do, let alone some obscure bureaucrat from the United States, whose own car industry was on...
Buffett, Paulson Agree U.S. Economy Needed Tough Medicine
Feb 10 2010 // Former U.S. Treasury Secretary Henry Paulson and billionaire investor Warren Buffett, from different sides of the political spectrum, expressed support Tuesday for the U.S. government’s aggressive steps in 2008 to...
Toyota Adds Prius to Global Recall List; Brake Problems Cited
Feb 9 2010 // Toyota Motor Corp said it is recalling nearly half a million of its flagship Prius and other hybrid cars for braking problems as it seeks to address criticism over the handling of its worst safety crisis. The world’s...
U.S. Shareholders Sue Toyota
Feb 9 2010 // Toyota faced its first U.S. class-action lawsuits stemming from complaints of faulty brakes in its top-selling Prius hybrid car and from investors claiming they were misled about problems with unintended acceleration in a...
AIG Hires KeyCorp’s Hancock to Oversee Finance, Risk
Feb 8 2010 // American International Group Inc. is expected to hire Peter Hancock, a KeyCorp vice chairman and financial services veteran, in a newly created role, overseeing finance, risk and investments, according to two sources close...
State Farm Says It Warned U.S. Officials About Toyota Accident Trend in 2007
Feb 8 2010 // Private insurer State Farm informed a U.S. government regulator of a worrying trend of vehicle-caused accidents involving Toyota Motor Corp. as far back as late 2007, an official at the company said. “When you start...
Lloyd’s Ordered to Pay Alleged Swindler Stanford’s Defense Costs
Feb 7 2010 // A U.S. federal judge ordered insurer Lloyd’s of London to pay for alleged swindler Allen Stanford’s defense. Stanford and three other defendants sued the insurer after Lloyd’s stopped providing coverage...
Declarations
Feb 7 2010 // More Straight-Line Winds Ahead “Based on what we know about the potential patterns of climate change, we expect severe storm activity to increase in Texas and the Midwest, including higher activity of straight-line...
It Figures
Feb 7 2010 // $12 Billion Hurricane Ike, which struck Galveston on Sept. 13, 2008, is so far the costliest weather catastrophe in Texas history, racking up nearly $12 billion in windstorm and flood insurance claims. Windstorm claims in...
People
Feb 7 2010 // Willis Group Holdings extended the contract of its chairman and CEO Joseph J. Plumeri until July 7, 2013. His previous agreement was set to expire on the date of the company’s annual meeting in April 2011. Global...
Business Moves
Feb 7 2010 // Swiss Re, Berkshire Hathaway Swiss Re concluded an agreement with Berkshire Hathaway Life Insurance Company of Nebraska to cede, a “closed block of yearly renewable term individual life reinsurance business, written...
Declarations
Feb 7 2010 // Share the Road Safely “We want the drivers of big rigs and buses and those who share the roads with them to be safe.” —U.S. Transportation Secretary Ray LaHood announced recently that the U.S. government has...
Property Casualty Market’s Love Affair With Main Street Business
Feb 7 2010 // Why Small Business Means Big Business for Insurers and Brokers Alike Main Street business often means different things to different people, but it generally refers to small commercial establishments that would be found in...
U.S. Issues Safety Rules on North Carolina Plant Gas Explosion
Feb 5 2010 // On a 2-1 vote, the U.S. Chemical Safety Board yesterday recommended that national fuel gas codes be changed to improve safety when gas pipes are being purged of air during maintenance or installation of new piping. The...
Liberty Mutual Sues 9 Employees, Aspen for Alleged Plot to Steal Business
Feb 5 2010 // Insurance giant Liberty Mutual Insurance is suing nine former employees and their new employer, Bermuda-based Aspen Insurance Holdings, alleging they have plotted to steal professional liability insurance business from its...
Strunden Joins U.S. RE ApS; Skafte Promoted to VP
Feb 4 2010 // Mark Lucas, Managing Director of U.S. RE ApS, announced that Ruslana Strunden, an actuary with extensive experience in non-life insurance and reinsurance, has joined the Company as a Vice-president, and that Henrik Skafte...
Report: Economic Benefits of Levees Outweigh Flooding Costs
Feb 4 2010 // Despite the massive flooding resulting from levee breaches and storm surge during Hurricane Katrina in 2005, the economic benefits provided by flood control measures in Southeast Louisiana far outweigh the costs of...
