All the headlines from our USA Topic Page, ordered by recency.
Sep 27 2011 // Deloitte Touche Tohmatsu Ltd , the world’s largest accounting and consulting firm, was accused Monday of failing to detect fraud during its audits of one of the biggest private mortgage firms to collapse during the...
Sep 27 2011 // The Obama administration Monday cleared the way for the Supreme Court to decide in its 2011-12 term the president’s signature healthcare law that requires Americans to buy insurance or face a penalty.A Justice...
Sep 26 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of ‘aa’ of FM Global Group (FM Global) and its members, which includes the lead...
Sep 26 2011 // Insurance broker Marsh has appointed Liz Flynn to the role of president and CEO of its U.S. consumer business, effective Oct. 1.In her new role, Flynn will oversee all Marsh U.S. consumer operations consisting of four main...
Sep 26 2011 // Former president and co-founder of title insurance agency Liberty Title, Brian Madden, has been sentenced to 20 months in prison for misappropriating and embezzling escrow and other client funds from Liberty Title and two...
Sep 26 2011 // The federal program that insures homes against flood damage expires next Friday and is at risk of not being renewed, even as an early fall storm threatens to inundate much of the northeastern United States yet...
Sep 23 2011 // A federal jury in Texas has convicted a car dealer from Rowlett for ‘title washing,’ a fraudulent process through which a vehicle’s title is corruptly altered to conceal information that should normally...
Sep 23 2011 // U.S. deep-sea explorers must turn over to the Spanish government 17 tons of silver coins and other treasure recovered from a sunken Spanish galleon in 2007, a federal appeals court ruled Wednesday.But Tampa, Florida-based...
Sep 22 2011 // When, where and how much, if any, damage will be caused by about 1,200 pounds worth of falling satellite debris poses some interesting questions–including for the insurance industry.Likely coming in at No. 1 on the...
Sep 22 2011 // A federal appeals court revived a lawsuit by homeowners who accused eight major homebuilders of causing them to overpay for their homes by marketing nearby houses to high-risk borrowers who later went into...
Sep 22 2011 // American International Group Inc. (AIG) has hired Clarissa Potter, former deputy chief counsel at U.S. Internal Revenue Service and former law professor, as deputy tax director. In this role, Potter will be responsible for...
Sep 22 2011 // The Federal Reserve’s latest move to stimulate credit for consumers and businesses, known as Operation Twist, is likely to threaten the earnings of some of the country’s largest insurers for years to come.Wall...
Sep 22 2011 // The rising gap between rich and poor in nearly every country, rich or poor, went largely ignored during the decades of globalization-fueled boom.But with large parts of the world in financial crisis, ending the time when a...
Sep 21 2011 // Selective Insurance Group is acquiring Montpelier U.S. Insurance Company (acronym MUSIC), an excess-and-surplus lines unit from Montpelier Re U.S. Holdings Ltd., for $55 million. Selective said the deal would be completed...
Sep 21 2011 // Zurich, a provider of property and casualty insurance in North America and globally, now offers Contract Litigation Insurance (CLI).According to the Bureau of Justice Statistics, the most common form of civil litigation in...
Sep 21 2011 // Woodland Hills, Calif.-based American Special Risk Insurance Services has been acquired by managing general agency and surplus line wholesaler U.S. Risk Insurance Group Inc. American Special Risk is a managing general...
Sep 21 2011 // Independent reinsurance broker Holborn Corp. has appointed Arthur Dougherty as a senior vice president in the firm’s New York City headquarters. Dougherty is an industry veteran, having worked more than three decades...
Sep 21 2011 // Cooper Gay Swett & Crawford (CGSC) is the largest independent (i.e. privately owned by its employees and private equity funds) global wholesale and reinsurance broker. Over 1,400 professionals work in some 60 offices...
Sep 21 2011 // A federal appeals court handed car owners a victory by striking down a requirement that they arbitrate warranty disputes with dealers.Reversing a lower court ruling, the 9th U.S. Circuit Court of Appeals agreed with a...
Sep 20 2011 // The former controller for a Houston-based property/casualty insurance company has been sentenced to 120 months in federal prison for her conviction of conspiracy to commit wire fraud involving almost $1 million in loss to...