All the headlines from our USA Topic Page, ordered by recency.
Apr 29 2011 // A 67-year-old Plaquemine, La., insurance agent has been sentenced to more than four years in federal prison for mail fraud that cost several of his insurance clients nearly $1.4 million.U.S. District Judge Brian A....
Apr 29 2011 // The European Union presented world trade negotiators with a last-minute plan to rescue stalled free trade talks on Friday, saying there were still avenues of negotiation to explore after 10 years of trying.In a...
Apr 28 2011 // Tornadoes and violent storms ripped through seven southern U.S. states, killing at least 228 people as they flattened neighborhoods, flipped cars and toppled trees and power lines.In the deadliest series of tornadoes in...
Apr 28 2011 // North Dakota the 31st state to ban texting behind the wheel, according to U.S. Transportation Secretary Ray LaHood who praised North Dakota Governor Jack Dalrymple for signing a new law banning the practice.The new law,...
Apr 28 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of the life/health subsidiaries of Netherlands-based AEGON N.V.’s...
Apr 28 2011 // American International Group sued two money management firms Thursday as the bailed-out insurer launched a fight to recoup billions of dollars it said it lost due to fraud.The insurer, 92 percent owned by the U.S....
Apr 27 2011 // U.S. futures and securities regulators unveiled a crucial part of their expanded supervision of the swaps market on Wednesday, by defining what products will be covered by last year’s financial oversight...
Apr 27 2011 // A settlement agreement has been reached with a New Orleans, La.-based supplier of tainted Chinese drywall in the multi-district litigation (MDL 2047) over the product.Interior/Exterior Building Supply L.P. and the...
Apr 27 2011 // The U.S. Supreme Court considered Monday whether to make it more difficult for shareholders to proceed with certain class-action securities-fraud lawsuits against publicly traded companies.The hour-long arguments before...
Apr 27 2011 // Five Japanese life insurers say they may buy more unhedged foreign bonds, believing that the yen is likely to weaken and that the currency risks are low enough for them not to take on higher hedging costs, a stance that...
Apr 26 2011 // French reinsurer SCOR is set to pay $913 million for most of Dutch insurer Aegon’s Transamerica Reinsurance operations. When concluded, the combined companies would become the second largest life reinsurer in the...
Apr 25 2011 // Accountants at the U.S. securities regulator are recommending that medium-size public companies should not be exempted from a key auditing provision in the 2002 Sarbanes-Oxley Act, saying the benefits to investors outweigh...
Apr 25 2011 // The U.S. Supreme Court on Monday is set to hear arguments in a case that could dramatically raise the bar for shareholders seeking to file class-action lawsuits against public companies. The issue is especially timely,...
Apr 25 2011 // Veterans, military families and others who oppose a decades-old law that shields military medical personnel from malpractice lawsuits are rallying around a case they consider the best chance in a generation to change the...
Apr 25 2011 // The first quarter of 2011 reminded the insurance industry of just how unpredictable natural catastrophes can be. Beazley plc, which is headquartered in Dublin, but whose main activities, are in the Lloyd’s market,...
Apr 25 2011 // Germany’s Allianz has reconfirmed its commitment to catastrophe bonds, as a useful and generally accepted method of transferring a certain amount of risk to the capital markets. It underlined that commitment with the...
Apr 22 2011 // World Trade Organization members face a somber Easter Sunday because of a fight over manufacturing trade between the United States and major emerging economies like China, India and Brazil that could finally kill...
Apr 22 2011 // A barrage of court claims pitting BP Plc against its partners in the Gulf of Mexico oil spill could lay the groundwork for billions of dollars in settlements to spread the costs of the disaster.BP has sued Transocean Ltd,...
Apr 22 2011 // Top 10 U.S. Excess, Surplus Insurers of 2010 by Market ShareAccording to SNL Financial: Based on direct premiums written for the 12 months ended Dec. 31, 2010Of the top five, ACE Ltd. was the only company with an increase...
Apr 21 2011 // Snowstorms on top of flooding in North Dakota have not yet resulted in many cattle deaths as feared, but lingering cold, wet weather threatens the state’s herd, a U.S. Department of Agriculture official said.Spring...