Latest USA Headlines

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

Lloyd’s McGovern Navigates Turbulent U.S. Waters; Part I

Oct 15 2010 // A recent article in Lloyd’s “Market” magazine noted that Sean McGovern, General Counsel and, since February 2010, the Director of Lloyd’s North America, “loves to mess about in boats in his...

Stanford Denied Use of Lloyd’s Insurance to Pay Fraud Defense

Oct 14 2010 // Accused swindler Allen Stanford may not use $100 million in a Lloyd’s of London directors and officers insurance policy to pay the lawyers defending him on charges of running a $7 billion fraud, a U.S. judge in Texas...

Soft Market Persists; Fierce Competition to Continue into 2011: Marsh

Oct 14 2010 // Soft commercial insurance market conditions persisted through the third quarter of 2010, with lower rates on average across major coverage lines, according to a new report from broker Marsh.Intense competition and...

Beazley, Co-Founder of Beazley Group, Passes Away

Oct 14 2010 // The co-founder and former CEO of Beazley Group, Andrew Beazley, has passed away at the age of 57.Beazley was co-founder of the company and its CEO for 22 years of its 24-year history. The company founded by Andrew Beazley...

Judge Lets States’ Suit Against Obama Healthcare Law Proceed

Oct 14 2010 // U.S. states can proceed with a lawsuit seeking to overturn President Barack Obama’s landmark healthcare reform law, a Florida judge ruled Thursday.U.S. District Judge Roger Vinson had said at a hearing last month...

House Report: Denials of Coverage by Large Health Insurers Up 49%

Oct 13 2010 // Coverage denials of individuals based on their medical histories by the nation’s top for-profit health insurance companies rose by nearly half in recent years, U.S. lawmakers said Tuesday.The findings raise questions...

Clock is Ticking on Surplus Lines Tax Reform

Oct 12 2010 // The insurance industry called the passage of the Wall Street Reform & Consumer Protection Act on July 21, 2010, a “big win” thanks to provisions in the massive reform bill that would modernize regulation...

BP Gulf Oil Disaster Legacy Includes Higher Risk, Insurance Costs

Oct 12 2010 // The Gulf of Mexico oil spill will push up costs and reduce the number of offshore oil and gas operators in U.S. waters for a long time to come, oil company executives told an industry conference in London on Tuesday.More...

Best Affirms Aspen’s ‘A’ Ratings; Outlook Stable

Oct 8 2010 // A.M. Best Europe – Ratings Services Limited has affirmed the financial strength ratings of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Aspen Insurance UK Limited (AIUK) and...

U.S. Judge Upholds Individual Mandate in Obama Healthcare Law

Oct 8 2010 // A U.S. judge Thursday upheld a key part of President Barack Obama’s signature healthcare law that requires Americans to obtain coverage, rejecting a challenge by a conservative interest group.The Thomas More Law...

U.S. Firms Plan New Oil Spill Insurance Fund

Oct 7 2010 // U.S. oil explorers are talking about forming a new insurance fund that would cover the costs of any future oil spill, to avoid a scenario where smaller companies are unable to drill offshore, a senior industry executive...

U.S. Avoids Major Landfall So Far in Active Hurricane Season

Oct 7 2010 // The 2010 Atlantic hurricane season has been very active in the number of storms but is likely to go down as a non-event for most people in the United States, which has so far dodged a major landfall, the top official U.S....

Munich Re Coverage in U.S. Extends CPV Energy Warranty

Oct 7 2010 // Munich Re has launched coverage in the United States for the photovoltaic-producing segment of the solar module industry and first ever of its kind in the world for CPV systems. CPV (concentrator photovoltaic) technology...

Allied World U.S. Launches New Privacy Liability Product

Oct 6 2010 // Allied World Assurance Company Holdings, Ltd has launched a next generation of Allied World’s Privacy Liability product: Privacy//403v2.Privacy//403v2 is designed specifically for a broad spectrum of...

Treasury Says Unpopular TARP Bailouts Exceeded Expectations

Oct 6 2010 // Despite its enormous unpopularity among voters, the government’s Wall Street bailout plan succeeded much more quickly and at a lower cost than expected, a U.S. Treasury report released Tuesday said.“The...

U.S. Says Climate Talks Fail to Make Headway

Oct 6 2010 // The United States said on Wednesday U.N. climate talks were making less progress than hoped because of a rift over poorer nations’ emission goals, and that other avenues might be needed to tackle climate...

AIA IPO Seeks up to $14.9 Bn

Oct 5 2010 // American International Group Inc (AIG) plans to raise up to $14.9 billion through an IPO of its Asian life insurance unit AIA Group Ltd, according to a document obtained by Reuters on Monday.The Hong Kong-based company...

US State Dept. Warns Americans to be Vigilant When in Europe

Oct 5 2010 // The Obama administration on Sunday warned Americans of potential terrorist threats in Europe and urged them to be vigilant in public places, including tourist spots and transportation hubs.A State Department travel alert...

AIA Warns Failed Prudential UK Deal Could Impact Business

Oct 5 2010 // AIA Group Ltd, which aims to raise about $15 billion through a Hong Kong listing, flagged a series of business risks including the collapsed bid from Prudential Plc as it launched the share offering on Tuesday.AIA, the...

Home Insurance Customer Satisfaction Declines But ‘Bundlers’ Happy

Oct 5 2010 // Overall customer satisfaction with homeowners insurance companies has declined to the lowest level in five years, primarily due to decreases in satisfaction with policy offerings and customer service, according to the J.D....