Latest USA Headlines

All the headlines from our USA Topic Page, ordered by recency.

Rising Seas Could Threaten 180 U.S. Cities by 2100

Mar 7 2011 // Rising seas spurred by climate change could threaten 180 U.S. coastal cities by 2100, a new study says, with Miami, New Orleans and Virginia Beach among those most severely affected.Previous studies have looked at where...

NAIC, EU Regulators Hold Meeting on International Insurance Regulation

Mar 7 2011 // As business becomes more globalized, the financial services industry, including insurance, has recognized the need to keep up with the changing times.Both U.S and European Union regulators have therefore embarked on...

People

Mar 7 2011 // Giddings, Texas-based independent insurance agency, Insurance Network of Texas, announced that agency founder R.J. Nitsche passed his responsibilities as CEO to his son, Robert.Robert Nitsche most recently served as chief...

Midwest Prepares for Massive Spring Flooding

Mar 7 2011 // One of the snowiest winters on record for the Midwest and northern U.S. Plains have crop watchers worried about a repeat of the massive flooding that hit one of the world’s top grain producing regions in...

States Must Decide if Workers’ Comp Benefits Extend to Illegal Workers

Mar 7 2011 // The U.S. Supreme Court recently declined to hear a workers’ compensation insurance case that concerned an illegal immigrant in Louisiana who had sought coverage after a workplace accident. The Court’s refusal...

Judge Stays Healthcare Ruling, Gives White House Appeal Deadline

Mar 4 2011 // A U.S. judge Thursday put on hold his ruling that President Barack Obama’s healthcare overhaul was unconstitutional, allowing the White House to continue implementing the landmark legislation for now.But U.S....

Republicans to Re-launch U.S. Flood Insurance Overhaul

Mar 4 2011 // Draft legislation to overhaul the U.S. National Flood Insurance Program will be unveiled next week, said the Republican chairman of a congressional insurance oversight panel Thursday.Representative Judy Biggert told...

Aon Benfield’s Cat Report Highlights NZ Quake, Cyclone Yasi

Mar 4 2011 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., has released the latest edition of its Monthly Cat Recap report, which reviews the natural disaster perils that occurred worldwide during...

Report: Illinois Insurance Regulator McRaith in Line to Head U.S. Insurance Office

Mar 3 2011 // The Obama administration was expected soon to name an Illinois state insurance regulator to head the new Federal Insurance Office, said sources familiar with the matter Thursday.Michael McRaith, seen as the front-runner...

U.S. Treasury Expects $6.3 Billion from AIG’s MetLife Sale

Mar 3 2011 // American International Group Inc. sold $9.6 billion worth of MetLife Inc. shares on Wednesday, producing gross proceeds of about $6.3 billion to accelerate its payback of U.S. Treasury bailout funds.AIG and the Treasury...

Mississippi Firm Sued for Hiring Bias By Non-Immigrants

Mar 2 2011 // A Mississippi company that pleaded guilty to conspiracy related to the largest U.S. workplace raid on illegal immigrants is now facing a lawsuit accusing it of discriminating against non-immigrants who applied for jobs.A...

Holocaust Survivors Want U.S. to Push European Insurers on Payments

Mar 2 2011 // Aging survivors of the Nazi Holocaust plan to protest outside a political fundraiser in Miami Beach featuring President Barack Obama this week to publicize their struggle to collect what they say is $20 billion in Jewish...

Senate Amends Patent Reform Bill, Vote Could Come This Week

Mar 2 2011 // The U.S. Senate voted Tuesday to strip controversial provisions out of a bipartisan bill to revamp the U.S. patent system and clear a years long backlog of patent applications.The vote was 97 in favor and two opposed....

Swiss Re Estimates Christchurch Quake Claims at App. $800 Million

Mar 2 2011 // Swiss Re has announced that, based on current information, it provisionally estimates its claims cost from the earthquake in New Zealand on February 22nd to be approximately $800 million, net of retrocession and before...

California Proposes to Disable Itself From Taxing 100% of Surplus Lines Premium

Mar 1 2011 // A California legislator has proposed a surplus lines bill — one effect of which will reduce California’s surplus lines premium tax revenues.On Feb. 9, 2011, California Assembly Member Solario introduced Assembly...

Security Officer at Massey West Virginia Mine Charged in Probe

Mar 1 2011 // The head of security at Massey Energy’s Upper Big Branch mine was arrested Monday on charges he impeded investigators and lied to them as they probed an explosion at the West Virginia mine that killed 29...

MBIA Shareholder Lawsuit Revived by Federal Appeals Court

Mar 1 2011 // A federal appeals court on Monday gave new life to a shareholder lawsuit accusing MBIA Inc of securities fraud over a reinsurance transaction that caused the bond insurer to restate six years of results.The 2nd U.S....

Validus Comments on NZ Quake Loss Estimates; Q1 Loss Activity

Mar 1 2011 // Bermuda-based Validus Holdings, Ltd. Has issued a comment on worldwide loss activity occurring in the first quarter of 2011, including the February 22 New Zealand earthquake.The 6.3 magnitude earthquake which struck the...

Demand for Agricultural Insurance Expected to Grow

Feb 25 2011 // The agricultural insurance market is facing rising demand along with pressures to adapt to changes in farming and to become more efficient in delivering products.Increasing world demand for food is driving up commodity...

Chartis 4Q Loss Tied to Reserve Strengthening

Feb 25 2011 // American International Group Inc. reported net income of $11.2 billion for the quarter ended Dec. 31, 2010, and $7.8 billion for the full year 2010.Included in the 2010 fourth quarter results is a previously announced $4.2...