Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Ratings: Syndicate 2003 (Catlin), La Colonial, United, Arch, Ballantyne Re
Sep 2 2009 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Lloyd’s Syndicate 2003, which is managed by Catlin Underwriting Agency...
Mississippi Coast Benefits from U.S. Spending on Post-Katrina Projects
Sep 2 2009 // The U.S. Army Corps of Engineers has 15 post-Hurricane Katrina coastal recovery projects on the Mississippi Gulf Coast budgeted at $132 million, including projects costing $30.5 million in Jackson County. Susan Rees,...
Japanese Agents Hope to Learn Best Practices from U.S. Agencies
Sep 2 2009 // The owners and producers of Japan’s estimated 300,000 insurance agencies can only dream of the success and freedom that the 40,000 independent agencies in the U.S. enjoy. But they can still learn best practices from...
Tennessee Rejects Recovery If Product Defect Causes Economic Loss Only
Aug 31 2009 // The Tennessee Supreme Court has ruled that the state does not recognize an exception to the economic loss doctrine that generally bars damages if a product defect causes only economic loss and not any personal or...
Colorado Electricity Dam Fire Results in Indictment
Aug 31 2009 // Xcel Energy, Inc., Public Service Company of Colorado, RPI Coating, Inc., and two men were indicted by a federal grand jury in Denver late Friday on charges that the defendants violated workplace safety and health rules...
Motor Carriers Hit Over Safety; Are Insurance Limits Too Low?
Aug 31 2009 // A new analysis of government data reveals that more than 28,000 motor carrier companies that operate 200,000 trucks have violated federal safety regulations. The trial bar association, the American Association for Justice...
AIG, Former CEO Greenberg, CFO Smith Agree to Binding Arbitration
Aug 31 2009 // American International Group Inc. and former CEO Maurice “Hank” Greenberg said Monday they have agreed to privately arbitrate a shareholder lawsuit, and possibly another, potentially ending a an extended legal...
Economy Leaves Some U.S. Employees Stuck in Undesirable Jobs
Aug 28 2009 // With the U.S. economy mired in recession, workers are finding themselves stuck in bad jobs with such annoyances as managers who berate employees and bosses who hold meetings in bed. Unable to make a move when jobs are...
Tropical Storm Danny Weakens; East Coast Likely Spared Hurricane
Aug 28 2009 // Tropical Storm Danny weakened in the Atlantic Ocean Thursday and was no longer expected to become a hurricane, but it edged closer to the U.S. coast on a path that could take it to Canada’s Atlantic provinces by...
Seized California Insurer Golden Eagle to Pay for Landfill Cleanup
Aug 28 2009 // The Golden Eagle Insurance Co. will pay $400,000 to cover environmental investigation costs that the insolvent BKK Corp. was required to perform at its closed hazardous waste landfill in West Covina, Calif., the U.S....
Tropical Storm Danny, Expected to Become Hurricane, Heads Northeast
Aug 27 2009 // The U.S. National Hurricane Center said Tropical Storm Danny was located about 575 miles south-southeast of Cape Hatteras, North Carolina, as of 8 a.m. EDT (Noon GMT) Thursday and packing winds near 60 miles per...
New AIG CEO Benmosche Reaches Out to Ex-CEO Greenberg
Aug 27 2009 // AIG to Hank: All is forgiven, we need your help! That is the message from Robert Benmosche, the new CEO of American International Group Inc., to Maurice “Hank” Greenberg — the man who built the company...
Reuters: Interview with New AIG CEO Benmosche in Croatia
Aug 27 2009 // Wearing flip-flops, khaki shorts and a green polo shirt, the new chief executive of bailed-out insurer American International Group Inc. says he’s getting a lot of work done from his massive villa overlooking the...
New Paper Evaluates Current State of Insurance Regulation and Its Future
Aug 27 2009 // The current state of the financial services industries and the role of the federal government in regulating these industries, including the insurance sector, continues to be a matter of debate in Congress. To help assess...
Tropical Storm May Form Today
Aug 26 2009 // The U.S. National Hurricane Center said an area of disturbed weather centered about 470 miles east of Nassau in the Bahamas could become the season’s latest tropical depression, or more likely, tropical storm, later...
Atlantic Tropical Wave Could Become Cyclone, Warns U.S. Hurricane Center
Aug 25 2009 // The U.S. National Hurricane Center said Tuesday a tropical wave in the western Atlantic Ocean northeast of Puerto Rico had a high chance — greater than 50 percent — of becoming a tropical cyclone during the...
Bailed Out Firms Making Compensation Subject to Government Approval
Aug 25 2009 // Citigroup Inc., Bank of America Corp. and AIG are forging new employment contracts that let them void compensation agreements if they are challenged by the U.S. government, according to a person familiar with some recent...
Huge Hacking Case Highlights Companies’ Vulnerability to Breaches
Aug 24 2009 // Consumers and companies are vulnerable to hackers and identity thieves even after U.S. authorities arrested a man they said was a master hacker who stole 170 million credit and debit card numbers. Estimates on the total...
Hurricane Bill Drenches Eastern Canada; Two Die in U.S.
Aug 24 2009 // Hurricane Bill brought rain and heavy winds to eastern Canada Sunday after pounding the U.S. East Coast with heavy seas that killed two people. A seven-year-old girl died in a hospital after she was pulled unresponsive...
