Latest USA Headlines

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

Medical Benefits Biggest Cost in Calif. Workers’ Comp System

Sep 28 2010 // The sagging economy took a toll on California’s covered work force and payroll in 2008, but the California workers’ compensation system remains the largest in the United States, accounting for more than 1 out...

How to Reform Copyright Law, Damages for Hi-Tech Age: Report

Sep 28 2010 // A group of experts on copyright law and policy have released a report that explores reforms to the U.S. copyright system.One of the recommendations would improve liability protection for non-commercial uses of copyrighted...

Lloyd’s Sees Record Claims, Continued Pricing Decline; Considers Russia Office

Sep 28 2010 // The Lloyd’s of London insurance market revealed that record claims from disasters including the Chilean earthquake and U.S. oil spill halved its profits, and said it saw no respite from a steady decline in...

Lloyd’s Chaucer to Launch New International Liability Division

Sep 24 2010 // Lloyd’s insurer Chaucer has outlined its plans for the launch of a new International Liability Division by the end of the year, according to a bulletin on the Lloyd’s web site. “The move follows a series...

Massey CEO Accuses Feds of Lying in West Virginia Mine Probe

Sep 23 2010 // The embattled chief executive of Massey Energy has accused federal regulators of not making a genuine effort to investigate the explosion that killed 29 miners and injured two at the company’s Upper Big Branch mine...

Report: U.S. West Coast Not Prepared for Tsunami

Sep 23 2010 // A report from the National Academies of Science says the West Coast of the United States remains ill-prepared for a tsunami. The seismologist who led the review of tsunami preparedness says an earthquake on the offshore...

Bank of Montreal Eyes U.S., China Acquisitions for Insurance Group

Sep 23 2010 // Bank of Montreal is on the hunt for acquisitions in the United States and China to expand its wealth management operations, while it sees growth in Canada coming from established operations, one of BMO’s top...

Danish Regulators Select U.S. RE for Terrorism Risk Capacity Study

Sep 22 2010 // U.S. RE ApS, the European subsidiary of U.S. RE Corporation, international reinsurance brokers, has been selected by Finanstilsynet, the Danish financial Supervisory Authority, to conduct a study of terrorism risk...

Northeast Still Faces High Risk of Major Hurricane Hit This Season

Sep 22 2010 // The Atlantic region can expect one more major hurricane this autumn and the northeast U.S. coast still faces double the average risk of getting hit, Weather Services International (WSI) said Tuesday.The Massachusetts-based...

Poor Service Leads to Fraudulent Insurance Claims, Survey Finds

Sep 22 2010 // More than half (55 percent) of U.S. consumers say poor service from an insurance company is more likely to cause an individual to commit fraud against that company, according to a survey by Accenture.The survey also...

Hurricane Igor Heads North After Battering Bermuda

Sep 21 2010 // Hurricane Igor barreled north Monday on a path expected to take it near Newfoundland and energy interests off eastern Canada, after battering Bermuda with heavy winds, waves and rain that caused damage but no...

Talley to Head Lloyd’s America U.S. Central Region

Sep 21 2010 // Lloyd’s announced the promotion of Pat Talley to Regional Director for Lloyd’s America’s Central Region. He will “be responsible for the Illinois and Kentucky offices [the two states in the U.S....

U.S. Treasury Plans Public Auction of The Hartford Stock from TARP

Sep 21 2010 // The U.S. Department of the Treasury plans a secondary public offering of 52 million warrants to purchase the common stock of The Hartford Financial Services Group, Inc. at a minimum bid of $10.50 per warrant.The Treasury...

Sep 20 2010 // Declarations – Missouri Department of Insurance Director John M. Huff commented on his agency’s involvement in a pending consumer fraud lawsuit filed by Attorney General Chris Koster against service contract...

Business Moves

Sep 20 2010 // Unisource Program, U.S. RiskSpecialty lines underwriting manager and wholesale broker U.S. Risk Insurance Group Inc. has taken over Florida-located Unisource Program Administrators, a wholesaler of workers’...

People

Sep 20 2010 // Scott Brock was appointed CEO of Dallas-based Goss Reinsurance Brokers Inc., the reinsurance brokerage division of U.S. Risk Insurance Group Inc. Brock will work with Chris Turner, president of Goss Re, to provide focused,...

Fitch Revises U.S. P/C Industry Outlook to Stable

Sep 20 2010 // Fitch has revised its sector outlook on the U.S. property/casualty insurance industry to stable from negative for both the commercial lines and personal lines sectors. The ratings agency says that a stable outlook for the...

Sep 20 2010 // U.S. P/C Reinsurers’ Premiums Decrease $12.8B in First Half of 2010 A group of 19 U.S.-based property/casualty reinsurers wrote $12.3 billion of net premiums during the six-months ended June 30, 2010, a decrease from...

3 Win Progressive Insurance X-Prize for Fuel Efficient Vehicles

Sep 17 2010 // An ultralight, gas-powered car that can get 102 miles per gallon is among the winners of the $10 million Automotive X Prize, a contest to develop highly efficient, production-ready vehicles.While it’s not likely to...

Hurricane Karl Bears Down on Mexico’s Gulf Coast

Sep 17 2010 // Hurricane Karl bore down on Mexico’s central Gulf Coast on Friday, threatening to cause flash floods and mudslides, but it appeared to have spared Mexican offshore oil operations from major damage.Karl, which was...