All the headlines from our USA Topic Page, ordered by recency.
Aug 19 2011 // American International Group Inc. reported that it has reduced the remaining liquidation preference of preferred interests that the U.S. Department of the Treasury holds in AIA Aurora LLC to approximately $9.3 billion by...
Aug 19 2011 // When it comes to revised hurricane models, AIR Worldwide CEO Ming Lee has one basic question, “What really is all this big fuss about?”Lee, whose Boston company launched the catastrophe modeling industry in...
Aug 19 2011 // A U.S. tourist detained in the presumed death of his travel companion on the Caribbean island of Aruba had an insurance policy that covered the missing woman, a prosecutor said Wednesday.Gary Giordano mentioned the travel...
Aug 19 2011 // QBE, Australia’s global insurance group, announced a 53 percent increase in the half year net profit after tax of US$673 million. The group noted that this figure was “within the range provided to the market on...
Aug 18 2011 // Bailed-out insurer American International Group and dozens of banks have filed motions in federal court to block a proposed nationwide class-action suit against them over AIG’s 2008 near-collapse.Their argument is...
Aug 17 2011 // Insurers and employers will have to spell out plainly the costs and benefits of the health plans they offer starting next year.The rule announced by U.S. health officials Wednesday is designed to better inform people about...
Aug 17 2011 // A federal appeals court voided a class-action settlement in a case brought by freelance writers who accused publishers of reprinting their works in online databases without permission.The 2nd U.S. Circuit Court of Appeals...
Aug 17 2011 // Noting that the U.S. has experienced $35 billion in economic losses due to disasters already this year, the federal government is embarking upon a national plan it hopes will save lives and protect property from severe...
Aug 17 2011 // Wright USA has launched a professional liability product tailored to United States government personnel who are responsible for managing the activities of others. The product – branded as the Career Protector Plan – is...
Aug 17 2011 // Adoption of European regulatory changes known as “Solvency II” as currently proposed could weaken U.S. consumer protections and stability of insurers, a state insurance commissioner has warned.Connecticut...
Aug 17 2011 // A Cargill Inc. unit is being sued by an Oregon family who said their young daughter was hospitalized after eating Salmonella-contaminated turkey, the subject of one of the largest U.S. meat recalls ever.The lawsuit is one...
Aug 17 2011 // A U.S. appeals court on Tuesday upheld a method developed by the trustee liquidating Bernard Madoff’s firm for determining how to calculate investor losses, handing a defeat to so-called “net winners.”The...
Aug 16 2011 // An Indiana school district violated the First Amendment rights of two teenage girls who were punished for posting sexually suggestive photos on MySpace during their summer vacation, a federal judge ruled.The case involving...
Aug 16 2011 // Insurance Australia Group Limited (IAG) announced it has agreed to acquire a 20 percent strategic interest in China’s Bohai Property Insurance Pty Ltd., a general insurerIAG said it would pay RMB687.5 million...
Aug 15 2011 // A motorcycle wreck turned a Lenawee County man into a paraplegic. Desperate for any relief, he chose stem-cell surgery in Europe, a procedure that may have improved his health but left him with a $51,000 bill.Now, after...
Aug 15 2011 // President Barack Obama’s signature healthcare law suffered a setback Friday when a U.S. appeals court ruled that it was unconstitutional to require all Americans to buy insurance or face a penalty.The U.S. Appeals...
Aug 15 2011 // American International Group (AIG) showed the world it wants to once again be taken as a systemic risk to the financial system by offering to help bail out the U.S. government.Buoyed by its sale of its surplus lines (see...
Aug 15 2011 // China has closed on its previously announced acquisition of the top 25 surplus lines insurers in the U.S. for $21 billion.As a group the 25 insurers write $26 billion, which is about 80 percent of the entire U.S. surplus...
Aug 15 2011 // Critics have for years complained that the U.S. property/casualty insurance industry’s employment picture does not reflect the diversity of America.A new report from the Employment Equality Office (EEO) confirms...
Aug 12 2011 // In a court case that has all sides seeing red, a judge said this week that a French maker of luxury shoes worn by stars such as Sarah Jessica Parker, Scarlett Johansson and Halle Berry will likely fail in its effort to...