Latest USA Headlines

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

Insurance Navy, Insure US Consolidating Services in Midwest

Dec 14 2010 // Chicago-based auto insurance provider, Insurance Navy, and business insurance provider, Insure US Corp, have agreed to consolidate their insurance offerings/services in the Midwest.According to the agreement, Insurance...

U.S. Expected to Join Lawsuits Over Gulf Oil Disaster

Dec 14 2010 // The U.S. Justice Department is expected to announce as early as Wednesday its first significant legal action stemming from the BP oil spill in the Gulf of Mexico, a federal government source familiar with the matter...

Cancun Climate Talks End with Modest Steps, No Kyoto Deal

Dec 13 2010 // The world’s governments agreed Saturday to modest steps to combat climate change and to give more money to poor countries, but they put off until next year tough decisions on cutting greenhouse gas emissions.The deal...

Obamacare Individual Mandate Found Unconstitutional by Federal Judge in Virginia

Dec 13 2010 // A U.S. judge in Virginia Monday declared a key part of President Barack Obama’s landmark healthcare law unconstitutional in the first major setback on an issue that will likely end up at the Supreme Court.U.S....

Appeals Court in California Reverses Itself in Armenian Insurance Suit

Dec 13 2010 // A federal appeals court last Friday reversed itself and now says the heirs of Armenians killed in the Turkish Ottoman Empire can seek payment from companies that sold their relatives life insurance.The 9th U.S. Circuit...

Chartis Applauds U.S. , South Korea Free Trade Agreement

Dec 13 2010 // Chartis announced that it “applauded the recent announcement by President Obama that U.S. and Korean negotiators have resolved outstanding issues related to the U.S.-Korea Free Trade Agreement (FTA).”The...

Status of Legal Challenges to Obama Health Reform Law

Dec 13 2010 // Within hours of President Barack Obama signing into law last March the healthcare reforms he had championed, several states filed lawsuits challenging the constitutionality of new requirements, including one that...

U.S. Life/Health Sector’s Premiums Rise 2.6%; First Increase Since 2008

Dec 10 2010 // U.S. life/health industry’s nine-month net premiums written rose 2.6 percent to $424.2 billion, reflecting the first increase since year-end 2008, according to a new report.In its nine-month financial review of the...

S&P: U.S. Personal Lines Insurance Sector Outlook Revised To Stable

Dec 10 2010 // Rates for the personal lines insurance sector continue to see improvements, according to a new report.While pricing for the U.S. commercial lines sector continues to decline, though at a slower pace in the last two years,...

Treasury to Cut Government Stake in AIG in Big Stock Sale

Dec 9 2010 // The U.S. Treasury plans to sell about one-fifth of insurer AIG through a stock offering in the first half of 2011, an important test of the government’s ability to profitably exit one of its most controversial...

UN Secretary General Urges Climate Agreement ‘Short of Perfect Deal’

Dec 8 2010 // Saying the health of the planet is at stake, U.N. Secretary-General Ban Ki-moon urged 190 nations meeting in Mexico on Tuesday to agree to steps to fight climate change that fall short of a perfect deal.“We cannot...

Bankers Expect Tough Year Ahead for Insurance M&A Market

Dec 8 2010 // Investment bankers expect another tough year for insurance sector deals in 2011, although there is hope for the M&A market as insurers come under increasing pressure to show growth coming out of the financial...

MJ Insurance Adds Brodie, Moore

Dec 7 2010 // Indianapolis, Ind.-based independent agency MJ Insurance announced it has added Tamra Brodie as marketing underwriter in the Employee Benefits Division and BJ Moore as a property and casualty producer in the Construction...

Supreme Court to Hear Wal-Mart Sex-Bias Class Action Certification

Dec 6 2010 // The U.S. Supreme Court said Monday it would decide if the largest sex-discrimination class-action lawsuit in U.S. history against Wal-Mart Stores Inc. can proceed, a case involving women workers who seek billions of...

Declarations

Dec 5 2010 // Commissions and the MLR“After hearing from various interested parties, if HHS does not fix this language before the rule is final, we hope that Congress will step in and revise the MLR formula through the legislative...

Declarations

Dec 5 2010 // Legislate Commissions “After hearing from various interested parties, if HHS does not fix this language before the rule is final, we hope that Congress will step in and revise the MLR formula through the legislative...

People

Dec 5 2010 // Frost Insurance in Austin, Texas promoted Sheri Smyth to vice president of personal lines. Smyth, a 23-year insurance industry veteran, manages the personal lines department’s growth and retention efforts, and...

Fireman’s Fund Ready to Rally

Dec 5 2010 // Fireman’s Fund’s financials, like other insurance carriers’, got bruised a little in the first half of 2010, following some heavy catastrophe losses. But company President and CEO Mike LaRocco said...

Employers With Foreign Labor Face Increased Liability

Dec 5 2010 // Every state has been impacted by Arizona’s immigration law, as there is now a cry for immigration reform. Employers who hire a questionable workforce due to the “dirty” or menial nature of certain jobs...

Declarations

Dec 5 2010 // Get on the Bandwagon“You’re not going to get any more mortality (business) with the things you’re doing now.” —Douglas French, managing principal of Ernst & Young’s insurance advisory...