Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Figures
Jan 28 2007 // $105.3 million The amount being paid by Prudential Financial Inc. over 20 years for the naming rights to the new arena for the NHL’s New Jersey Devils’ hockey team. The $375 million downtown venue is already...
Royal & Sun Alliance management buyout faces opposition
Jan 28 2007 // New York Sens. Hillary Clinton and Charles Schumer, along with New York City Mayor Michael Bloomberg, have expressed concerns that the deal may leave Royal Indemnity unable to meet its obligations. A proposed management...
It Figures
Jan 28 2007 // $445 Billion Nearly half a billion dollars will be given to U.S. cities and regions to help reduce the risk of terror attacks on ports, transit systems and chemical plants, Homeland Security Secretary Michael Chertoff...
Liberty Mutual Fellowship Backs Workplace Safety Research
Jan 26 2007 // The Boston-based Liberty Mutual Group recently donated $30,000 to the American Society of Safety Engineers (ASSE) Foundation in continuation of its commitment to occupational safety and health research through the support...
Supreme Court to Hear Case on Environmental Cleanup Costs
Jan 26 2007 // The U.S. Supreme Court has agreed to tackle an environmental case that could clarify when companies which have incurred industrial cleanup costs can seek to force the government or other companies to share the...
Best Affirms Lloyd’s Syndicate 609 Rating; Atrium’s ICR
Jan 26 2007 // A.M. Best Co. has affirmed the Best’s Syndicate Rating of “A” (Excellent) and the issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 609, which is managed by Atrium Underwriters...
N.H. Researchers Develop Tool to Measure Cyber Attack Threat
Jan 26 2007 // Hackers, terrorists and nations all use computers, but who really is capable of damaging the critical infrastructure of the United States? The University of New Hampshire has unveiled the UNH Cyber Threat Calculator, which...
Bankers Report Fraudulent Purchases Following TJX Credit Data Theft
Jan 26 2007 // Customer data stolen from TJX Cos. outside Boston by computer hackers has been used to make fraudulent debit card and credit card purchases in the United States and overseas, according to the Massachusetts Bankers...
Brown & Brown Elects Kirk Western President; Masters Adds Programs
Jan 25 2007 // The Board of Directors of Brown & Brown Inc. has elected Kenneth D. Kirk as regional president, responsible for the company’s retail and wholesale brokerage operations in the Western United States. Also, Kenneth...
Kingsway Acquires St. Paul Travelers’ Non-Standard Auto Unit, Mendota
Jan 24 2007 // Canada’s Kingsway Financial Services, Inc. has agreed to acquire Mendota Insurance Co., a wholly owned subsidiary of The St. Paul Travelers Companies, Inc. The transaction includes Mendota’s wholly owned...
Hawaii Commissioner Talks with Japanese, Chinese Governments
Jan 23 2007 // Hawaii State Insurance Commissioner J.P. Schmidt will be among the U.S. officials working with the governments of China and Japan to improve regulation in the financial services industries. According to the Hawaii...
Insurer Group Applauds Report’s Call for Optional Federal Charter
Jan 23 2007 // The American Insurance Association (AIA) has issued a statement lauding a report released by New York City Mayor Michael Bloomberg and U.S. Sen. Charles Schumer, D-N.Y., which calls for making modernizing financial...
Royal & Sun Alliance Management Buyout Faces Opposition
Jan 22 2007 // A proposed management buyout and eventual dissolution of Royal & Sun Alliance Insurance Group’s U.S. operations could leave policyholders in jeopardy, according to critics trying to halt the deal that is before...
Freezing Temperatures Wreak Havoc on Calif. Agriculture, Water Pipes
Jan 19 2007 // A deep freeze that has ruined many winter crops in California’s agricultural zones has also wreaked havoc on the state’s urban centers in the form of frozen, broken pipes. Fire departments across Southern...
Biggest U.S. Property Cat Losses in 2006 Were Away From Coasts
Jan 19 2007 // Property casualty insurers increasingly steered clear of the water out of fear of catastrophe losses during the past year. But while they were keeping a wary eye on the coasts in 2006, and escaped relatively unscathed in...
Wis. Tommy Thompson to be Keynote Speaker at Advisory Group Meeting
Jan 19 2007 // The Hon. Tommy G. Thompson, former governor of Wisconsin and U.S. Secretary of Health and Human Services, has accepted an invitation to be the keynote speaker at an annual executive conference sponsored by the American...
Report: U.S. Rails with Hazardous Materials Vulnerable to Terrorists
Jan 18 2007 // Train lines that carry hazardous shipments have little or no police presence and shoddy security that makes them easy targets for terrorists, according to a newspaper investigation. During a several-month, nationwide...
U.S. Appeals Court Upholds Dismissal of Maryland’s Wal-Mart Mandate
Jan 18 2007 // The United States Court of Appeals for the Fourth Circuit has affirmed a lower court decision that federal ERISA law invalidates a Maryland law that would have required giant retailer Wal-Mart to offer a certain level of...
La. Resident Pleads Guilty to Hurricane-Related Federal Fraud Charge
Jan 18 2007 // A Louisiana resident pleaded guilty in the U.S. District Court for the Middle District of Louisiana on a charge of fraud related to hurricane disaster relief programs, U.S. Attorney David R. Dugas of the Middle District of...
Prosecutors Seek Severance Paid Former Md. Insurance Fund Chief
Jan 14 2007 // Federal prosecutors pursuing public corruption charges against former Maryland state Sen. Thomas Bromwell are trying to seize the $400,000 buyout he received when he stepped down as head of the state’s largest...
