Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Former Louisiana AG’s Katrina Lawsuit Stays in Federal Court
Aug 4 2008 // Former Louisiana Attorney General Charles Foti’s lawsuit contending major insurance companies manipulated prices on hurricane damage claims will remain in federal court, a panel of the 5th U.S. Circuit Court of...
Predicting Ground Motion: The Next Generation
Aug 4 2008 // New Seismic Models Make Ground Motion Predictions More Accurate The accuracy of ground motion prediction from shallow events in the active tectonic regions in the Western United States, such as California, has improved,...
Will Baby Boomers Lead to Boost in Worker Woes?
Aug 4 2008 // Managing Risks With an Aging Workforce The aging and retirement of the Baby Boomer generation is creating a demographic transformation that will affect the staffs of insurance organizations, as well as their...
Study: U.S. Entrepreneurs More Optimistic on Taking Risks
Aug 4 2008 // Despite a weakened economic market, a new study from Hiscox shows that 46 percent of American small business owners still feel that they can make more as entrepreneurs than the traditional corporate world. The Hiscox...
U.S. P/C Insurers’ Catastrophe Losses for Q2 Double to $6 Billion
Aug 4 2008 // Total of 16 Cats Generate More Than 1.2 Million Claims; Average Claim Nearly $5,000 U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $6.025 billion for second quarter property...
Convicted Mississippi Lawyer Scruggs wants Testimony Sealed
Jul 30 2008 // Convicted Mississippi attorney Richard “Dickie” Scruggs and his son want to prevent their sworn testimony in a Hurricane Katrina lawsuit from becoming public and “undermining the presumption of...
Doha Round Talks on Global Trade Fail to Reach Agreement
Jul 30 2008 // Marathon talks for a new global trade deal collapsed Tuesday after a clash over agriculture between the United States, the world’s biggest economy, and emerging heavyweights. The breakdown came on the ninth day as...
Senate Banking Committee Urged to Back Federal Insurance Regulation
Jul 30 2008 // The U.S. regulatory structure for the insurance industry puts companies at a disadvantage overseas and stifles innovation and competition for consumers, the industry told U.S. lawmakers Tuesday. At a Senate Banking...
Aspen to Release Q2 Results Today; Conference Call Details
Jul 30 2008 // Bermuda-based Aspen Insurance Holdings Limited will release its second quarter 2008 financial results today, Wednesday, July 30, 2008, following the close of U.S. markets. The Company will hold a conference call to discuss...
Survey: Private Firms More Exposed to Liability Risks, But Less Protected
Jul 30 2008 // More than one-third of U.S. businesses do not purchase any type of management or professional liability insurance. Yet, two out of three U.S. private companies have experienced some type of event related to management or...
World Trade Talks Stall as Troubles Grow
Jul 29 2008 // Progress towards a global trade deal ground to a halt on Monday as the United States clashed with China and India over access to their rapidly growing markets and key European Union states demanded better...
Newt Gingrich to speak at Eighth Annual Target Markets Summit
Jul 28 2008 // Target Markets Program Administrators Association – Wilmington, DE, July 2008. The Target Markets Program Administrators Association (TMPAA) has announced that Newt Gingrich, former Speaker of the U.S. House of...
Threat of Flooding Persists After Dolly Downgrades to Tropical Storm
Jul 25 2008 // Hurricane Dolly barreled into South Texas on Wednesday, July 23 lashing the coast with winds up to 100 mph (161 kph) and dumping heavy rain that flooded some low-lying areas but spared levees along the heavily populated...
Chubb Q2 Premiums Flat; Cat Losses Adversely Impact Financial Results
Jul 25 2008 // Catastrophe losses in the second quarter adversely impacted financial results for The Chubb Corp., which reported net income in the second quarter of 2008 fell $213 million over the same time period in 2007, or $469...
Shift to Smaller Cars Raises Safety Questions, Insurance Group Says
Jul 24 2008 // An accelerating U.S. consumer shift from sport utility vehicles and pickups to more fuel-efficient cars should reduce rollover, but safety experts worry a lighter fleet poses serious risks despite air bags, anti-collision...
Flooding Feared Along U.S.-Texas Border from Hurricane Dolly
Jul 24 2008 // After Hurricane Dolly unleashed a fury of damaging winds and wicked rain on the U.S.-Mexico coastline and diminished to a tropical storm, widespread flooding along the populous Rio Grande Valley became the top concern...
U.S. Insured Losses from Dolly Estimated at $300 Million to $1.2 Billion
Jul 24 2008 // Insured loss estimates from Hurricane Dolly are starting to roll in. AIR Worldwide estimates U.S. insured losses from Hurricane Dolly at $300 million to $1.2 billion with an expected (mean) loss of $600 million. Meanwhile,...
Texas, Mexico Prepare for Dolly, Residents Board Up, Some Evacuate
Jul 23 2008 // Residents along the Texas-Mexico border kept a watchful eye on Tropical Storm Dolly, stocking up on plywood, generators and flashlights as forecasters predicted the storm would strengthen into a hurricane by later...
Study: U.S. Entrepreneurs More Optimistic on Taking Risks
Jul 23 2008 // Despite a weakened economic market, a new study from Hiscox shows that 46 percent of American small business owners still feel that they can make more as entrepreneurs than the traditional corporate world. The Hiscox...
Tokio Marine to Acquire Philadelphia Insurance for $4.7 Billion
Jul 23 2008 // Japan’s Tokio Marine Holdings, Inc. reported that it has agreed to acquire all outstanding shares of Philadelphia Consolidated, a U.S. property/casualty insurance company offering specialty commercial property and...
