All the headlines from our USA Topic Page, ordered by recency.
Jan 4 2011 // The U.S. property/casualty industry generated improved operating results in the third quarter despite competitive market conditions, elevated catastrophe losses, the economic downturn and historically low investment...
Jan 4 2011 // Seven automobile insurance firms have followed Allstate Insurance Co. in suing Toyota Motor Corp. to recover money they paid in claims for car crashes blamed on unintended acceleration of Toyota vehicles.The...
Dec 31 2010 // The outcome of U.N. climate talks in Mexico this month should boost steps in Asia to curb greenhouse gas emissions, with China a likely bright spot in 2011, a senior analyst at a leading U.S. think tank said.The talks...
Dec 31 2010 // A quick, and as yet incomplete, survey of re/insurance industry leaders indicates that the main concern they will have to deal with in the coming year isn’t climate change, or Solvency II, but the insurance...
Dec 30 2010 // Reinsurance rates for 2011 are falling at the same or greater pace than traditional insurers and further softening of the market is to come, according to two industry reports.For the second year in a row, global...
Dec 28 2010 // Bailed-out insurer American International Group took another step toward winding down its U.S. government support Monday by securing $4.3 billion of bank credit lines, and company shares surged.AIG’s shares closed up...
Dec 28 2010 // Chartis announced that it has entered into a reinsurance transaction with Lodestone Re, which will provide $450 million of protection to Chartis against U.S. hurricanes and earthquakes.“This represents a substantial...
Dec 28 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit ratings of “aa” of Allianz Global Corporate & Specialty North America (AGCS NA), which includes...
Dec 28 2010 // Conducting special inspections to crack down on mines with poor safety records appears to be working, the federal Mine Safety and Health Administration said last week.The agency said it issued 250 citations and orders...
Dec 28 2010 // Allstate Corp. has sued Bank of America Corp., its Countrywide lending unit and 17 other defendants for allegedly misrepresenting the risks on more than $700 million of mortgage securities it bought from...
Dec 23 2010 // Natural and man-made catastrophes topped the list of the most significant events in 2010, with three major earthquakes, a near record number of hurricanes, some serious typhoons and windstorms, a volcanic eruption and a...
Dec 23 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Connecticut-based Beazley Insurance Company, Inc. (BICI), both with stable outlooks....
Dec 23 2010 // Perhaps never before has a U.S. Congress done more and been liked less than the one controlled by President Barack Obama’s Democrats that ended Wednesday.It wrapped up its two-year legislative cycle with a crush of...
Dec 22 2010 // During a rainstorm in Washington in early 2009, amid the furor over Wall Street’s post-bailout bonuses, an American International Group employee pulled out an umbrella that had the insurer’s name on...
Dec 22 2010 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength ratings of ‘A ‘(Excellent) and issuer credit ratings (ICR) of “a+” of Lloyd’s Syndicate 2623, Lloyd’s...
Dec 22 2010 // The ailing U.S. food safety system moved closer Tuesday toward its biggest overhaul in more than 70 years after the House passed legislation that would increase inspections and give regulators the power to recall tainted...
Dec 22 2010 // Accounting firm Ernst & Young was sued by New York prosecutors over allegations it helped to hide Lehman Brothers’ financial problems, in the first major government legal action stemming from the Wall Street...
Dec 22 2010 // Catlin Group Limited announced that, “based on total insured losses from the New Zealand earthquake of US$5.5 billion to US$6 billion, its loss amounts are approximately US$45 million, net of reinsurance and...
Dec 22 2010 // The world’s top three insurance brokers have joined reinsurer Munich Re to promote a major expansion in risk coverage for deepwater drilling in the wake of BP’s disastrous Gulf of Mexico spill last April.Their...
Dec 21 2010 // The U.S. Treasury Department plans to sell a large piece of its stake in American International Group in two stock offerings next year, officials briefed on the situation told Reuters.It would sell any remaining stock in...