All the headlines from our USA Topic Page, ordered by recency.
Sep 25 2013 // B&B Protector Plans, Inc. and Aspen US Insurance have partnered for lawyers professional liability, with Aspen US now the carrier for the Lawyer’s Protector Plan (LPP). The program will offer lawyers professional...
Sep 25 2013 // A high tech start-up is promising to raise the standard for determining “insurance to value” by giving property/casualty insurance companies and brokers access to real-time data on their upscale insureds’...
Sep 25 2013 // Bank of America Corp.’s Countrywide unit placed profits over quality in a “massive fraud” selling shoddy mortgages to Fannie Mae and Freddie Mac, a U.S. government lawyer said on Tuesday.The claim came at...
Sep 25 2013 // The 2013 Atlantic hurricane season is humbling forecasters by shaping up as the first in almost two decades without a major storm, confounding predictions that it would be more active than normal.It’s been two weeks...
Sep 25 2013 // Canada’s banking regulator is urging insurers to sell catastrophe bonds for the first time to cut the risk of natural disasters, such as the record floods that inundated swathes of downtown Calgary in June.Climate...
Sep 24 2013 // Colorado residents and businesses face devastating water inundation that many are dubbing a one-in-500-years weather event. Early reports confirm nearly 2,400 square miles saturated with water causing massive dislocation...
Sep 24 2013 // The world has moved quickly from wonder at the idea of driverless cars to impatient expectation. The Cadillac SRX zipping around a test track in suburban Detroit is flashing a sign: Not so fast.The car can pilot itself at...
Sep 24 2013 // American International Group Inc. and Brookfield Asset Management Inc. agreed to end a 2009 lawsuit in which Brookfield sought a judge’s ruling that the insurer’s collapse triggered default provisions in...
Sep 23 2013 // Surplus lines insurers in 2012 posted one of their worst years overall as their underwriting performance fell below that of the total property/casualty (P/C) industry for the first time in more than a decade.Much of the...
Sep 23 2013 // The federal government has asked the U.S. Supreme Court to decide whether Oklahoma City-based Hobby Lobby and a Christian bookstore chain have to provide a wide range of birth control options for workers as part of the...
Sep 23 2013 // Last week I attended Brookings Papers on Economic Activity to watch some of the smartest economists in America debate some of the most interesting papers. The very first paper presented is of particularly timely interest:...
Sep 23 2013 // Prudential Financial Inc., the second-largest U.S. life insurer, was designated systemically important in a 7-to-2 vote by a council of regulators charged with preventing another crisis.Edward DeMarco, acting director of...
Sep 23 2013 // Three individuals who have worked in the insurance industry and now practice politics in the Midwest — Indiana State Representative Matt Lehman, Michigan State Senator David Robertson and U.S. Congressman Tom Latham...
Sep 23 2013 // Everyone loves the wholesale insurance business these days, or so it seems.“We’ve seen the entrance of a lot of other people coming into the wholesale market – aggregators, brokers, agents, program managers...
Sep 23 2013 // In the United States, football season has just arrived. In Europe, football season has been underway since August. While both are a sport and called “football,” they couldn’t be more different. They have...
Sep 20 2013 // UK-based broker Jardine Lloyd Thompson Group plc (JLT) said it is acquiring the reinsurance brokerage business of New York-based Towers Watson for $250 million.JLT said the acquisition would provide “a very strong...
Sep 20 2013 // The U.S. Securities and Exchange Commission, in settling claims with JPMorgan Chase & Co. over its handling of a $6.2 billion trading loss, landed its biggest victory yet in fulfilling a pledge to force wrongdoers to...
Sep 20 2013 // A federal judge accepted a Halliburton Co. unit’s guilty plea to destroying tests conducted on cement work connected to the BP Plc-owned well that exploded in 2010, setting off the Gulf of Mexico oil spill.Officials...
Sep 20 2013 // Insurer Prudential Financial Inc. said on Thursday that U.S. regulators had voted to designate the company as systemically risky, bringing it under stricter regulatory oversight.A group of regulators known as the Financial...
Sep 20 2013 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Aspen Insurance UK Limited (AIUK) and Aspen...