Latest USA Headlines

All the headlines from our USA Topic Page, ordered by recency.

Is the WTO About to Abandon Dream of Global Free Trade?

Jan 14 2013 // As it seeks a new chief to lead it out of a negotiating death-spiral, the World Trade Organization looks doomed to be fatally undermined by new global carve-ups that will leave many of the world’s poorest...

Mississippi Rock Blasting Puts River in Ship Shape

Jan 14 2013 // Crews have completed the most critical phase of removing bedrock that threatened barges along a crucial stretch of the drought-starved Mississippi River, staving off the shipping industry’s fears that the treacherous...

Obesity and Workers’ Comp Costs

Jan 14 2013 // Health care reform has been at the top of the political agenda through the past two presidential elections, and with it has come greater awareness of the need for wellness and prevention to counter growing medical problems...

Tasty, Healthy and Safe

Jan 14 2013 // We are what we eat, the saying goes. So let’s hope what we eat is not only tasty and good for us, but safe as well.To that end, the U.S. Food and Drug Administration has proposed new food safety rules aimed at...

2012’s Weather Brought Its Share of Billion-Dollar Events

Jan 14 2013 // Last year may not have measured up to 2011 in terms total damages or havoc wreaked, but the tally on the year’s billion-dollar weather related events still ranks as impressive.The National Oceanic and Atmospheric...

Munich Re: Sandy Tops 2012 Disasters

Jan 14 2013 // A series of severe weather-related catastrophes led to higher-than-normal losses in the United States last year.The world’s largest reinsurer Munich Re took a close look at these catastrophes in its “2012...

Declarations – Midwest

Jan 14 2013 // Certain Losses“Those cars are going to be losses.” —U.S. Postal Service spokesman Pete Nowacki said up to 30 postal vehicles and an undetermined number of employee cars were submerged behind a mail-sorting...

Foodborne Illness Cases Present Complex Coverage Questions

Jan 14 2013 // One of the most heavily litigated insurance issues in coverage liability cases related to outbreaks of widespread foodborne illnesses is the determination of occurrence where multiple people in multiple states are affected...

Governments Struggle with Financial Crisis as the Planet Warms up

Jan 11 2013 // The global economy has been through economic recessions before, and has eventually recovered from them. This time around, however, it must do so while coping with the ever increasing menace of climate change – that makes...

Double-Digit Returns Absent From Year-End, 2013 Financial Forecasts

Jan 11 2013 // Although analysts following the property/casualty insurance industry expect underwriting results for 2012 to be better than 2011 when full-year numbers are tallied, double-digit overall returns-on-equity are still not...

Study Urges National Healthcare Spending Target

Jan 11 2013 // The United States could save $2 trillion in healthcare spending over the next decade, if the U.S. government used its influence in the public and private sectors to nudge soaring costs into line with economic growth, a...

Confie Eyes More Expansion, Push Into Standard Lines

Jan 10 2013 // In the coming year Confie Seguros plans to up its buying spree and expand into standard personal and small commercial lines, while broadening its demographic from being primarily Hispanic focused, the president of the...

3rd Defendant in W Financial Group $17M Fraud Sentenced to Prison

Jan 10 2013 // A man who, along with two others, falsely used the names of two well-known insurance groups in a scheme to swindle elderly people out of millions of dollars has been sentenced to prison in North Texas.Adley Husni...

Surplus Lines Regulatory Picture for 2013

Jan 10 2013 // State implementation of the Nonadmitted and Reinsurance Reform Act (NRRA), effective July 21, 2011, proceeded relatively smoothly during 2012, albeit with a few hiccups as industry and regulators navigated the transition...

Drought-Ridden Wheat Belt Declared Disaster; Record Crop Insurance Claims Seen

Jan 10 2013 // The government declared much of the central and southern U.S. Wheat Belt a natural disaster area on Wednesday due to persistent drought that imperils this year’s winter wheat harvest.In its first disaster declaration...

Peak Re Launched in Hong Kong for ‘Underserved’ Asia Pacific Markets

Jan 10 2013 // Peak Reinsurance Company Limited formally announced that it has opened for business. The new reinsurer, established to capture the growing demand for modernized reinsurance solutions in Asia Pacific, said it has...

Multilateralism in Trade is ‘Dead’ Says French Industry Minister

Jan 10 2013 // Multilateral trade deals are “dead”, France’s industry minister said on Tuesday, professing a preference for bilateral accords as the 27-nation European Union and the United States prepare to begin talks...

Why U.S. Lags Other Wealthy Nations in Health Measures

Jan 10 2013 // Overeating, lack of health insurance access and comparatively high poverty are among the many reasons why Americans are less healthy and die younger than people in other wealthy countries, a report requested by the U.S....

Supreme Court Weighs Government’s Statute of Limitation in Civil Penalty Cases

Jan 9 2013 // The U.S. Supreme Court on Tuesday appeared poised to curtail the power of the top federal securities regulator to seek civil penalties after exceeding the usual time limit for fraud investigations.In oral argument,...

U.S. Insurers Should Be Stable in 2013, Says S&P

Jan 9 2013 // U.S. insurance sectors are generally poised for stable credit trends in 2013, resulting from strong balance sheets, a stable business climate, and improved enterprise risk management, according to Standard &...