All the headlines from our USA Topic Page, ordered by recency.
Jun 20 2013 // Ebix Inc., a supplier of software and E-commerce services to the insurance industry, announced that it and an affiliate of Goldman, Sachs & Co. have agreed to terminate their previously announced merger agreement.The...
Jun 20 2013 // In spite of videoconferencing, social media and other new technologies, many businesses depend on their key executives and top sales people to travel overseas to meet with clients in person, to negotiate with foreign...
Jun 20 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Wind River Reinsurance Company, Ltd. and its U.S....
Jun 19 2013 // Insurers should not be forced to hold extra capital just because of their size, because the extra cost would simply be passed on to consumers, U.S. regulators said on Tuesday.G20 world leaders have backed imposing extra...
Jun 19 2013 // ACE Westchester, the U.S.-based wholesale-focused insurance division of the ACE Group, has formed a new railroad underwriting unit. The new unit will deliver railroad liability insurance products and services through a new...
Jun 18 2013 // Stephen Markscheid holds one of the riskiest jobs in the world — or so say directors and officers liability insurers.The 59-year-old former banker, a Mandarin-speaking American, sits on the boards of five U.S.-listed...
Jun 18 2013 // The Travelers Companies’ decision to acquire Dominion of Canada General Insurance, a unit of E-L Financial Corp., for $1.1 billion makes strategic sense, according to analysts.The acquisition now allows Travelers to...
Jun 18 2013 // The U.S. Supreme Court agreed to use a case involving an Air Wisconsin pilot upset about losing his job to consider giving airlines broader immunity from lawsuits when they report potential security threats.The justices...
Jun 18 2013 // Scrambling to plug revenue holes created by crackdowns on credit card fees and falling brokerage commissions, big U.S. banks are pushing a strategy they’ve tried with limited success in the past – cross-selling...
Jun 17 2013 // Chevy Chase, Md.-based underwriting manager Victor O. Schinnerer & Company Inc. has tapped senior Marsh executive Jonathan M. Zaffino to be its president.Jonathan M. ZaffinoThe position of president was previously...
Jun 17 2013 // The United States and the European Union launched negotiations for the world’s most ambitious free-trade deal on Monday, promising thousands of new jobs and accelerated growth on both sides of the Atlantic.Trade...
Jun 17 2013 // American International Group Inc. said it is open to new offers for its plane-leasing business and may pursue a public offering of the unit after a group of Chinese investors missed another deadline to buy the...
Jun 17 2013 // Toyota Motor Corp. and lawyers suing the company were given more time to win final approval of a $1.1 billion settlement of claims that recalls related to unintended acceleration hurt the value of U.S. customers’...
Jun 17 2013 // Crystal & Co., a worldwide risk and insurance advisor, has released the results of its Nonprofit Risk Survey, presenting a snapshot of risk awareness and exposure among U.S. nonprofit organizations, including human...
Jun 17 2013 // In separate reports AIR Worldwide and CoreLogic estimated insured property values in coastal areas of the United States reaching into the trillions of dollars.CoreLogic, focusing on residential properties exposed to storm...
Jun 17 2013 // A large solar storm could leave tens of millions of people in North America without electrical power for several months, if not years, potentially costing trillions of dollars.That’s according to Lloyd’s...
Jun 17 2013 // Severe weather in May caused an estimated $4 billion in insured damage in the U.S. alone and billions more in economic losses around the globe, according to an Aon Benfield report.The Global Catastrophe Recap by Aon...
Jun 17 2013 // The solar construction industry has been extremely hot in recent years. Perhaps, too hot.The sector’s rapid growth has led to an oversupply of solar panels, which has turned up the heat on manufacturers to lower...
Jun 17 2013 // More than 4.2 million homes along the U.S. Atlantic and Gulf Coasts are located within storm-surge risk zones, totaling more than $1.1 trillion in property exposure, according to residential property information and...
Jun 16 2013 // BP Plc’s U.S. investors asked a federal court to grant class action, or group, status for their lawsuit claiming the company misled them before and after the 2010 spill in the Gulf of Mexico.The investors, led by the...