Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Official Drywall Problems
Dec 6 2009 // While drywall-related corrosion is clearly evident, the CPSC said long term safety effects are still under investigation. The U.S. Consumer Product Safety Commission is now saying it has found a link between drywall made...
U.S. Finds Strong Link Between Chinese Drywall and Corrosion
Dec 6 2009 // Federal safety officials say they have discovered a strong link between drywall made in China and the home corrosion reported by thousands of U.S. property owners whose homes used the drywall. The results are from an...
Captives Fuel Growth and Income for Agency Owners
Dec 6 2009 // Now is the Time for a Captive: Don’t Wait for the Next Hard Market In times likes these, where the insurance industry is now in its fifth year of a soft market, the use of an agency captive insurance company can...
Passionate About Insurance and Writing? This May Be Your Opportunity
Dec 3 2009 // Insurance is one of the most important industries in the U.S. and other nations. This is not hyperbole; without insurance, we couldn’t enjoy much of the stuff to which we have grown accustomed: jobs, homes, cars or...
Best Affirms Harbor Point Re and U.S. Subsidiary ‘A’ Ratings
Dec 3 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Harbor Point Re Limited and its wholly owned subsidiary, Harbor...
U.S. Considers Night Flying to Fight Fires
Dec 2 2009 // The U.S. Forest Service is considering allowing its helicopters to attack wildfires at night, a practice the agency has long discouraged because of risks to pilots, a senior official said Monday. The change would be a...
House Committee Passes Federal Insurance Office Act
Dec 2 2009 // The U.S. House Financial Services Committee has passed a measure to create a scaled-back federal office that would be a national insurance information agency with some authority in the area of international insurance...
Supreme Court to Decide Reach of Securities Law Outside U.S.
Nov 30 2009 // The Supreme Court said Monday it would decide when U.S. laws against securities fraud apply to transnational securities dealings, specifically involving a case about a shareholder lawsuit against National Australia Bank...
Benmosche Agrees to Stay As AIG Board Approves His $7 Million Pay
Nov 25 2009 // American International Group Inc., the insurer that received billions of dollars in a U.S. bailout, has been authorized by its board to pay Chief Executive Robert Benmosche’s $7 million compensation, after it laid to...
Stanford Sues Lloyd’s of London for Defense Fees Under D&O Policy
Nov 25 2009 // Allen Stanford, who faces U.S. criminal and civil charges for allegedly leading a $7 billion Ponzi scheme, is suing Lloyd’s of London for defense costs. Lloyd’s had advanced some legal fees under a directors...
U.S. Finds Strong Link Between Chinese Drywall and Corrosion
Nov 24 2009 // Federal safety officials say they have discovered a strong link between drywall made in China and the home corrosion reported by thousands of U.S. property owners whose homes used the drywall. The results are from an...
U.S. Senate Gears Up for First Key Healthcare Reform Vote
Nov 20 2009 // Democrats in the U.S. Senate geared up for a fierce battle over a new healthcare reform plan Thursday as Republicans condemned the bill’s price tag and tax hikes before the first crucial test vote Saturday. Senate...
Federal Judge Holds Corps Responsible in Katrina Flooding Case
Nov 19 2009 // A federal judge in Louisiana has ruled that the U.S. Army Corps of Engineers’ failure to properly maintain and operate the Mississippi River-Gulf Outlet MRGO was a substantial cause for the flooding of part of the...
Chubb Encourages Chinese Firms to Adopt Risk Management Practices
Nov 18 2009 // Chubb Group recently co-hosted a seminar near Shanghai, which focused on the “increasing number of Chinese exports exposed to product liability claims and litigation in the United States and Europe.” As a...
Senator Boxer Sees no US Accord in Time for Copenhagen Conference
Nov 18 2009 // Senator Barbara Boxer Tuesday predicted that the United States will not reach a consensus on carbon emission reduction goals for 2020 in time for December’s international global warming summit in Copenhagen. Boxer,...
Insurance Associations Concerned on Financial Stability Improvement Act
Nov 18 2009 // In an open letter addressed to Barney Frank, the Chairman of the House of Representatives Committee on Financial Services, the largest U.S. insurance trade associations expressed their concerns over the recently passed...
Senate Financial Regulation Bill Hikes Credit Rating Firms’ Liability
Nov 16 2009 // Credit rating agencies, accused of assigning top ratings to shoddy securities, would be exposed to greater liability under a wide-ranging financial services reform bill released by a leading U.S. senator. The draft bill...
Business Moves
Nov 15 2009 // TLLA, Crawford Claims management provider Crawford & Company has acquired certain assets of Technical Loss Adjustment and Appraisal LLC (TLAA) of Chicago. The firm’s five experienced adjusters have joined...
It Figures
Nov 15 2009 // $1 Billion The Army Corps of Engineers is launching a $1 billion project to protect the suburban West Bank of New Orleans from devastating floods. Some critics say the project may have the potential dangerous consequence...
People
Nov 15 2009 // Arthur Seifert has joined Southwest Insurance Partners Inc. (SWIP) as chief executive officer of Houston-based Bunker Hill Insurance Agency (BHIA), SWIP’s wholly owned underwriting agency subsidiary. Seifert has been...
