All the headlines from our USA Topic Page, ordered by recency.
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...
Apr 21 2011 // On the first anniversary of the Gulf of Mexico oil spill, BP Plc sued Transocean , seeking at least $40 billion in damages and other costs from the owner of the Deepwater Horizon rig.London-based BP also sued Cameron...
Apr 20 2011 // U.S. property/casualty insurers’ net income after taxes rose to $34.7 billion in 2010 from $28.7 billion the year before, with insurers’ rate of return on average policyholders’ surplus increasing to 6.5...
Apr 20 2011 // The Obama administration fired a fresh salvo at Wall Street Tuesday, telling critics of the U.S. financial reform law to knock off their attacks.“We will continue to oppose efforts to slow down, weaken, or repeal...
Apr 20 2011 // Lloyd’s insurer Chaucer plc has issued a statement endorsing the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Chaucer by 440 Tessera Limited (BidCo), a...
Apr 19 2011 // Allied World U.S. has expanded its property & casualty (P&C) operations with the launch of a new inland marine division. The division will target all filed and non‐filed classes of inland marine business in the...
Apr 19 2011 // Japan’s Meiji Yasuda Life plans to increase its investment in foreign bonds, focusing on dollar debt, with its confidence in U.S. Treasuries unshaken by the threat of a credit downgrade, a top executive said on...
Apr 18 2011 // Backed by government policy and growing public support, demand for technology that is both clean and sustainable has increased substantially in the United States, Europe, Asia and other parts of the world over the last...
Apr 18 2011 // The U.S. nuclear safety regulator said Monday it was monitoring a Virginia nuclear power plant in southeastern Virginia operated by Dominion Resources after a tornado cut its electrical power.The Nuclear Regulatory...
Apr 18 2011 // Standard & Poor’s Monday downgraded its credit outlook for the United States, citing a risk that policymakers may not reach agreement on a plan to slash the huge federal budget deficit.While the credit rating...
Apr 18 2011 // The Association of Bermuda Insurers and Reinsurers (ABIR) has released the 2010 global underwriting results for its 22 member (re)insurers – companies that write insurance and reinsurance from underwriting centers in...
Apr 18 2011 // The human, social and economic devastation in Japan from the massive earthquake and tsunami is overwhelming and business losses are just beginning to be tallied.Companies in the United States that purchase products or...
Apr 18 2011 // Reinsurance rates may be edging higher only now, but the companies’ shares could still surge amid investor hopes that disasters, including Japan’s earthquake, will result in much higher rates in the...
Apr 15 2011 // The Supreme Court will likely reject a request to speed up a ruling on President Barack Obama’s healthcare overhaul law, legal and financial analysts said.The justices Friday are scheduled to consider...
Apr 15 2011 // It’s easy to see why insurance swindler Sholam Weiss was not entirely satisfied with a judge’s decision to cut 10 years from his prison term.Even after the reduction, Weiss still had 835 years to serve for his...