Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Ex-CEO Greenberg Protests AIG Sale of Asian Life ‘Crown Jewel’
Jan 23 2009 // Former AIG Chief Executive Maurice “Hank” Greenberg said in a letter Thursday the insurer should halt asset sales until the new administration in Washington can assess what is best for the now...
Savvy US Airways Pilot May Have Grounded Lawsuits
Jan 23 2009 // A savvy pilot saved at least 155 lives when he guided a disabled US Airways jet to a relatively gentle landing in the Hudson River last week. He also may have protected his airline from the rash of lawsuits that usually...
Lawmakers Press Treasury Nominee to Boost Federal Oversight of Insurance
Jan 23 2009 // Seven U.S. lawmakers Friday urged Treasury Secretary nominee Timothy Geithner to boost federal oversight of insurance companies, a long-held goal of much — although not all — of the insurance...
Ironshore Creates U.S. P/C Operation Run By Former AIG Execs
Jan 22 2009 // Ironshore Inc. has appointed Steven England as executive vice president responsible for running its newly created U.S. Property/ Casualty underwriting operations based in St. Louis, Missouri. The new unit, Ironshore...
U.S. Risk Launches Real Time Quote Application
Jan 21 2009 // Dallas-based managing general agency and surplus lines wholesaler, U.S. Risk Insurance Group Inc., has rolled out a new online platform through which agents can rate, quote and bind a policy in minutes. According to the...
Catlin US Establishes Casualty Facultative Reinsurance Unit
Jan 21 2009 // The Bermuda-based Catlin Group Limited has announced the addition of Casualty Facultative Reinsurance to its portfolio of products underwritten by Catlin US. Scott Beall, Director – Casualty Facultative Reinsurance,...
UK launches 2nd Bank Rescue Plan, RBS Losses Near $30 Billion
Jan 20 2009 // The UK launched a second bank rescue plan on Monday. One of the recipients, Royal Bank of Scotland, said it lost over £20 billion ($29.3 billion) last year and Japan said bad loans worldwide had further to climb. The...
Insurance Claims for 2008 U.S. Catastrophes to Top $25 Billion
Jan 20 2009 // U.S. property/casualty insurers are expected to pay homeowners and businesses $25.2 billion for 2008 property losses from 37 catastrophes — the fourth highest cost in a decade and the highest frequency in a decade,...
Federal Affairs Chief Merski Latest Executive to Join Zurich from AIG
Jan 16 2009 // Zurich Financial Services Group Inc., which has been on a recruitment spree, said Rich Merski, a former AIG executive, is joining the insurer as head of federal affairs in the United States. Merski most recently managed...
Munich Re Webinar Provides Insights on Nat Cats, Industry Strength
Jan 16 2009 // Munich Re’s Webinar on Thursday – 2008 Natural Catastrophes – presented a detailed analysis of the increasing number of weather related events that concern both primary carriers and reinsurers. It also...
Insurance Industry Sees Commercial Airlines as Safe
Jan 16 2009 // With the world’s attention focused on the US Airways Airbus emergency landing in the Hudson River and the successful rescue of passengers, the insurance industry points out that the commercial airlines industry has a...
Newly-Launched Vortex Insurance Offering Weather Risk Insurance
Jan 15 2009 // MSI GuaranteedWeather, LLC, a provider of weather risk management products, has formed Vortex Insurance Agency, LLC in Overland, Kansas to sell weather risk insurance products to businesses. The weather risk line is being...
Allied World U.S. Opens New Offices in Western Region
Jan 15 2009 // Allied World Assurance Co. Holdings Ltd. announced the recent opening of two new Allied World U.S. offices in California, located in Costa Mesa and Los Angeles. These offices were opened to expand distribution of Allied...
Poll Finds Americans Support Increased Business Regulation
Jan 14 2009 // A clear majority of Americans believe government regulation of business should be increased, a new poll showed Wednesday. The poll, conducted by Public Strategies Inc. and the Politico news organization, found that more...
U.S. Safety Group Calls for Cell Phone Driving Ban
Jan 13 2009 // The National Safety Council, which campaigned to get U.S. states to enforce seatbelt laws, is taking on cellphones, saying it is starting a campaign to ban all use of mobile phones while driving. Even so-called hands-free...
U.S. Approves The Hartford, Lincoln National Bank Holding Company Bids
Jan 12 2009 // The U.S. Office of Thrift Supervision said on Friday that it approved applications from Hartford Financial Services Group Inc and Lincoln National Corp to become bank holding companies, an important step toward these...
People
Jan 11 2009 // Alice A. Molasky Arman joined Western Insurance Co. as senior vice president of government relations. Molasky Arman recently retired from the State of Nevada, where she was recognized as the state’s longest serving...
UK’s Insurance Institute Report Sees ‘Shallow’ U.S., Asia Recovery
Jan 9 2009 // The UK’s Chartered Insurance Institute has released its latest Thinkpiece report, the first of a series of six international articles in association with the London-based think tank Chatham House. It concludes that...
Corporate Fraud Scandals Can Detonate Anywhere
Jan 9 2009 // When it comes to corporate fraud scandals, nowhere is safe. Revelations of a $1 billion fraud at Indian IT firm Satyam Computer Services do not point to a higher systemic risk of accounting scandals in India, or even in...
U.S. Halts Two Ponzi Schemes in Wake of Madoff
Jan 9 2009 // The U.S. government took action Thursday to halt two Ponzi schemes as investors continue to reel from the fallout of accused swindler Bernard Madoff’s alleged $50 billion fraud. Securities and futures regulators...
