Latest USA Headlines

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

U.S. RE Analytics Names Kutsina as Managing Director

Sep 8 2010 // Anya Kutsina has been named managing director of U.S. RE Analytics LLC, a subsidiary of U.S. RE Companies Inc., an international financial services and reinsurance brokerage group.Kutsina has served as head of sales and...

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

Sep 8 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...

Tropical Storm Hermine Slams into Northeastern Mexico

Sep 7 2010 // Tropical Storm Hermine slammed into northeastern Mexico near the Texas border Monday, dumping heavy rain on a region still recovering from Hurricane Alex’s visit in June.Hermine, the eighth named storm of the...

BP Helps Fund U.S. Research Into Health Effects of Oil Disaster

Sep 7 2010 // Oil giant BP said it is providing $10 million to the National Institutes of Health (NIH) to support a study of potential public health issues relating to the Gulf of Mexico oil disaster and other spill-related health...

Declarations

Sep 6 2010 // Better Protection Against Insolvency“We’ve long had the ability to intervene when a company is insolvent. … But to protect policyholders, we need to step in much sooner than that. This new law lets insurers...

Earl Weakens, Pounds North Carolina Islands, Heads for Massachusetts

Sep 3 2010 // Hurricane Earl battered North Carolina’s coast with rain, winds and waves Friday and swirled up the U.S. eastern seaboard toward New England and Canada as a weakened but still dangerous storm.The impact of the...

FEMA, East Coast States Ready for Earl

Sep 2 2010 // As Hurricane Earl prepares to approach North Carolina tonight, the Federal Emergency Management Agency (FEMA) says it is preparing for the storm and supporting state and local officials along the East Coast as they work to...

Hurricane Earl Weakens Slightly; Churns Toward East Coast

Sep 1 2010 // Visitors and some residents evacuated from low-lying vacation islands off the North Carolina coast Wednesday as Hurricane Earl bore down on the U.S. eastern seaboard, churning up dangerous swells.Earl, still a major...

Dead Soldiers’ Parents Join Lawsuit Against Prudential Over Benefits

Sep 1 2010 // The parents of six deceased U.S. soldiers are suing Prudential Financial, saying it paid paltry interest on military life insurance benefits while keeping more generous interest earnings for itself.Five plaintiffs joined...

U.S. P/C Reinsurers’ Premiums Decrease $12.8B in First Half of 2010

Sep 1 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 the $12.8 billion net premiums written in the first six months of...

Missouri Insurance Department Joins Lawsuit Against US Fidelis

Sep 1 2010 // The Missouri Department of Insurance has joined a pending consumer fraud lawsuit filed by Attorney General Chris Koster against service contract seller US Fidelis. US Fidelis sold motor vehicle extended service contracts,...

U.S. Risk Acquires Workers’ Compensation Wholesaler Unisource

Aug 31 2010 // Specialty lines underwriting manager and wholesale broker U.S. Risk Insurance Group Inc. has taken over Florida-located Unisource Program Administrators, a wholesaler of workers’ compensation, for an undisclosed...

Earl Now Major Hurricane, Headed Toward East Coast

Aug 30 2010 // Hurricane Earl has strengthened into a major Category 3 storm Monday and could arrive off the East Coast of the U.S. by the end of this week.It is currently rocking the Caribbean’s Northern Leeward Islands. The...

Judge Allows Lawsuits Against Bank of America Executives Over Merrill Deal

Aug 30 2010 // A Manhattan federal judge refused to dismiss shareholder lawsuits against Bank of America Corp and various executives and directors over the purchase of Merrill Lynch & Co. during the 2008 financial crisis and...

Florida-based Unisouce Aquired

Aug 30 2010 // Texas. U.S. Risk, a privately owned specialty lines underwriting manager and wholesale broker headquartered in Dallas, Texas, today announces the acquisition of Sarasota Florida based Unisource Program Administrators. The...

Surprise Inspections at Appalachian Mines Uncover Safety Violations

Aug 27 2010 // Recent surprise inspections show that increased enforcement isn’t preventing U.S. coal mines from continuing to violate safety laws, the federal Mine Safety & Health Administration said.MSHA inspectors found...

Fitch: Profits Decline for Most U.S. P/C Insurers in First-Half of 2010

Aug 26 2010 // First-half 2010 operating profits declined for most publicly traded property/casualty insurance companies that Fitch Rating follows, according to a new report. However, the $16.2 billion of aggregate net earnings reported...

K&K Insurance Adds New Regional Sales Staff Across U.S.

Aug 25 2010 // Indiana-based K&K Insurance has added a regional sales force to develop new agent relationships while supporting existing K&K relationships with more than 6,000 agents and brokers across the United States.The new...

AIG Pays Back $4B of Federal Loan

Aug 23 2010 // Bailed-out insurer American International Group Inc. said Monday it paid back nearly $4 billion in U.S. loans in its single largest cash payment so far to reduce its debt to taxpayers.The payment reduces the size of the...

S&P: The Worst Not Over for U.S. Commercial Property Markets

Aug 23 2010 // The slump in the U.S. commercial property market didn’t quite plumb the depths of the downturn in residential real estate, but although there are signs that home prices are nearing the bottom, commercial real estate...