All the headlines from our USA Topic Page, ordered by recency.
Oct 11 2012 // America’s top agricultural negotiator, speaking in Stuttgart, Akr., said that he expects farm exports to be down between $1 billion and $2 billion this year because of the drought.The tighter supply of grains, and...
Oct 11 2012 // A U.S. bankruptcy judge approved a $71.5 million settlement on Tuesday between former partners of Dewey & LeBoeuf and the estate of the law firm whose demise in May constituted the largest law-firm bankruptcy in U.S....
Oct 10 2012 // The U.S. safety regulator issued a warning on Wednesday to consumers with repaired vehicles that they may have air bags that don’t inflate in an accident.The National Highway Traffic Safety Administration said...
Oct 10 2012 // The U.S. government filed a civil mortgage fraud lawsuit on Tuesday against Wells Fargo & Co, the latest legal volley against big banks for their lending during the housing boom.The complaint, brought by the U.S....
Oct 9 2012 // The H.W. Kaufman Financial Group announced the acquisition of Mertens Enterprises Inc. (DBA Tracz & Associates), a provider of premium insurance audit services headquartered in Lockport, Ill. The transaction closed on...
Oct 9 2012 // Forty-five percent of insurers estimated that insurance fraud costs represent 5-10 percent of their claims volume, while 32 percent said the ratio is as high as 20 percent.This is according to a survey of U.S. insurers...
Oct 9 2012 // The U.S. Supreme Court on Tuesday refused to consider a challenge to a 2008 federal law granting immunity to AT&T Inc and other telecommunications companies for helping the government eavesdrop on customers’...
Oct 9 2012 // Despite catastrophic events in 2011, low investment yields and competitive pressures, surplus lines specialists — especially market leaders — generated healthy operating profits and returns on both revenue and...
Oct 8 2012 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of new York-based Sirius America Insurance Company, both with stable outlooks. Sirius...
Oct 8 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of OneBeacon Insurance Company and its six pooled and four reinsured...
Oct 8 2012 // Senators from the U.S. Gulf Coast urged President Barack Obama on Friday to ensure that any legal settlement for the 2010 Gulf of Mexico oil spill does not undermine a recently passed law that would funnel billions of...
Oct 8 2012 // Three state Supreme Court justices being targeted by Republicans and other conservatives said Friday that such partisan and special interest attacks are threatening the independence and fairness of Florida’s judicial...
Oct 8 2012 // Louisiana’s Republican U.S. senator recently blasted oil giant BP PLC for what he called its attempt to run from its full cleanup responsibilities for the nation’s worst offshore spill, the 2010 disaster that...
Oct 8 2012 // USI, TD InsuranceUSI Insurance Services, a brokerage and financial services firm in Briarcliff Manor, N.Y., said on Sept. 24 that it has completed the acquisition of TD Insurance Inc., a U.S. subsidiary of TD Bank, N.A....
Oct 8 2012 // There are now 78 operating syndicates at Lloyd’s; 88, including Special Purpose and RITC syndicates. Although no new ones have so far joined Lloyd’s this year; three syndicates have transferred ownership:...
Oct 8 2012 // If you’re startled by this headline, you’re not alone. Until recently, the words “reform” and “captive” were rarely used in the same sentence. That’s because captive insurance...
Oct 8 2012 // U.S. Risk Insurance Group Inc. named Tim Troester vice president and branch manager for the newly formed Portland, Ore., branch of U.S. Risk Brokers Inc.Troester’s focus at U.S. Risk will be to develop relationships...
Oct 8 2012 // More than 2 million homes in California face “extreme wildfire hazards,” over 400,000 of which are in Los Angeles County, according to a study from an insurance industry group.A separate study shows at least...
Oct 8 2012 // Lloyd’s of London Chairman John Nelson knew when he acceded to his post one year ago that his predecessor, Lord Peter Levene, would be a hard act to follow. Levene served for nine years and oversaw significant...
Oct 8 2012 // A report out late last month urges the insurance industry to act to protect itself and the community against the increasing frequency of extreme weather due to climate change.In short, the report, its authors and those...