All the headlines from our USA Topic Page, ordered by recency.
Dec 13 2013 // Ascent Underwriting, the Managing General Agent (MGA) specialising in emerging risks, has launched a medical billings errors & omissions insurance product specifically aimed at U.S. healthcare professionals.CyberPro...
Dec 13 2013 // A.M. Best Co. has downgraded the issuer credit ratings (ICR) to “a” from “a+” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of the pooled and reinsured members of...
Dec 13 2013 // The top U.S. auto-safety regulator will step down, as his agency investigates fires in Tesla Motors Inc. electric cars and is behind schedule on implementing a rule requiring backup cameras in new cars.U.S. National...
Dec 13 2013 // Bond risk on QBE Insurance Group Ltd. halved in the first 11 months of the year before surging this month as the company said it would lose money.Credit-default swaps on QBE have climbed 41 basis points since Nov. 30 to...
Dec 12 2013 // Anadarko Petroleum Corp. and its Kerr-McGee unit acted with “intent to hinder” when they spun off Tronox, the paint materials company that later went bankrupt, and should pay billions of dollars in...
Dec 12 2013 // Horst Leonard Lechler, former president of Anderson & Murison in Pasadena, Calif. and past president of the American Association of Managing General Agents, was a “student of the business” and a...
Dec 12 2013 // After nearly two years of delay, the U.S. Department of the Treasury’s Federal Insurance Office (FIO) today released its report on how to modernize and improve the system of insurance regulation in the United...
Dec 12 2013 // Protx Risk Management LLC, a managing general agency that focuses on professional liability insurance, has introduced a suite of professional liability products for U.S. community banks, including directors and officers...
Dec 12 2013 // The Insurance Industry Charitable Foundation (IICF) Northeast division announced 16 charitable grants at its seventh annual benefit dinner on Wednesday. The total amount of the grants is $879,000.Lisa Tepper, chair of the...
Dec 12 2013 // When Gary Gless bought his sleek, modernist house in Los Angeles in 2002, he thought he had hit a “gold mine.” The world’s largest inner-city park – featuring a lush, 18-hole golf course – was...
Dec 12 2013 // Funds specializing in insurance-linked risks such as catastrophe bonds are benefiting as the $30 trillion pension industry increases bets in a market that hasn’t posted an annual loss.At Leadenhall Capital Partners...
Dec 11 2013 // More than 250,000 Americans selected private health insurance plans through Obamacare enrollment systems last month, better than twice as many as in October when the exchanges opened amid technology errors and...
Dec 11 2013 // Chinese hackers eavesdropped on the computers of five European foreign ministries before last September’s G20 Summit, which was dominated by the Syrian crisis, according to research by computer security firm FireEye...
Dec 10 2013 // A group of Indiana steelworkers is awaiting a U.S. Supreme Court decision on when the clock starts on their shifts at U.S. Steel Gary Works.The nation’s highest court recently heard arguments in a case filed by eight...
Dec 10 2013 // Even though commercial insurance prices increased for the 11th straight quarter—rising by 5 percent in aggregate during third-quarter 2013—price gains are slowing down, according to Towers Watson.According to The...
Dec 10 2013 // A U.S. safety regulator’s hearing on the July 6 crash of an Asiana Airlines Inc. plane in San Francisco was postponed today due to the federal government’s weather-related closing.The day hearing will be...
Dec 10 2013 // Ministers negotiating the 12-nation Trans-Pacific Partnership trade pact said today they would miss a year-end deadline to complete the deal.“We identified potential landing zones for the majority of key outstanding...
Dec 9 2013 // Aspen US Insurance (Aspen) announced it has opened a new office in Houston to capitalize on the shale energy boom and evolving regional environmental exposures. As part of Aspen’s national expansion in the U.S., the...
Dec 9 2013 // BP Plc’s U.S. investors can’t pursue as a group claims that the company inflated its shares with misleading statements before and after the Gulf of Mexico oil spill, a judge ruled, citing a recent Supreme Court...
Dec 9 2013 // ING U.S. Inc. will begin selling fixed annuities through Allstate Corp. agencies as the largest publicly traded U.S. auto and home insurer ceases to offer its own brand of the retirement products.The deal gives ING U.S....