All the headlines from our USA Topic Page, ordered by recency.
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...
Oct 8 2012 // Media reports notwithstanding, the U.S. economy, while sluggish, is not in danger of going over the fiscal cliff.That’s according to a couple of insurance industry executives, who say that private sector job hiring...
Oct 8 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 // It’s Congress“It certainly raises some interesting issues. Of course, there’s a huge presumption that when Congress passes a law, it’s constitutional.” —Timothy McTaggart, a partner at law...
Oct 8 2012 // In the United States, employer costs for employees in private industry range from $26.14 per hour in the South to $32.98 in the Northeast. According to U.S. Bureau of Labor Statistics, the same costs are $28.06 in the...
Oct 5 2012 // United States Attorney for the Western District of Texas Robert Pitman announced that the San Antonio Police Department and the Austin Police Department will each receive $200,000 in federal grant money to combat the...
Oct 5 2012 // Dozens of lawsuits against Facebook Inc., the NASDAQ exchange and various underwriters will be centralized before a federal judge in New York, who must sort through the legal aftermath of Facebook’s botched initial...
Oct 5 2012 // The head of the House of Representatives Intelligence Committee said on Thursday that significant new cyber threats to U.S. financial networks appeared to be emerging from an “unusual” source.Committee Chairman...
Oct 4 2012 // The National Association of Insurance Commissioners (NAIC) is a non-profit entity that acts as the trade association for state insurance commissioners.Although the NAIC may play a central role in regulation of the...