All the headlines from our USA Topic Page, ordered by recency.
Jun 21 2010 // British energy giant BP Plc is planning to raise $50 billion to cover the cost of the Gulf of Mexico oil spill, while the head of a $20 billion fund to compensate victims of the accident vowed Sunday that eligible claims...
Jun 21 2010 // The U.S. Deepwater Horizon and Venezuelan Aban Pearl drilling rig losses have left upstream energy insurers with an unprecedented bill of $795 million within the space of a single month, destabilizing the market and...
Jun 18 2010 // The Export Import Bank of the United States announced that over the last two months it has “has approved five medium-term insurance policies through PNC Bank for buyers in Chile, all of which focus on infrastructure...
Jun 18 2010 // Florida officials have agreed to allow Bermuda-based reinsurer XL Re Ltd. to participate in Florida’s insurance marketplace under rules calling for reduced collateral.According to the Florida Office of Insurance...
Jun 17 2010 // U.S. market regulators have closed an investigation of American International Group and some of its executives over the giant insurer’s near collapse in 2008 that led to a $182 billion government bailout, two sources...
Jun 16 2010 // President Barack Obama, seeking to demonstrate strong leadership on the Gulf of Mexico oil spill, will demand today that BP set aside billions of dollars to pay damages from the catastrophe.A day after he vowed to fight...
Jun 16 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Intact Insurance Group and its members: Belair Insurance Company Inc....
Jun 16 2010 // BP Plc Wednesday agreed to a demand by U.S. President Barack Obama to pay $20 billion into a special fund to handle claims from its huge Gulf of Mexico oil spill and said it was suspending payment of dividends this...
Jun 15 2010 // A report from Marsh’s London office examines the changing need and conditions affecting captive insurance companies. Marsh said the report – Single Parent Captive Benchmarking: Capital and Collateral, examines...
Jun 15 2010 // The judge handling the criminal case against accused Ponzi schemer Allen Stanford is allowing parties to review documents related to allegations that the Texas financier’s lawyers engaged in insurance fraud.An order...
Jun 14 2010 // President Barack Obama will press BP executives this week to set up an escrow account to pay damage claims by individuals and businesses hurt by the Gulf of Mexico oil spill disaster.The move comes as Obama, who will...
Jun 14 2010 // AIR Worldwide (AIR) is reporting the certification of its 2010 U.S. Hurricane Model by the Florida Commission on Hurricane Loss Projection Methodology.The commission certifies models for use by insurers for developing...
Jun 11 2010 // The chairman of RSA Insurance Group Plc has written an open letter to U.S. President Barack Obama describing his comments towards BP Plc and its chief executive as “prejudicial and personal.”In the letter,...
Jun 11 2010 // The chances of BP declaring bankruptcy to deal with oil-spill claims are remote for now, bankruptcy professionals said, although that option would be open to the company if liabilities became overwhelming — and that...
Jun 11 2010 // Coal miner Massey Energy Co criticized a U.S. mine safety official’s comments Thursday, saying the process of dealing with safety violations is biased against mining companies.“We are disappointed in the...
Jun 11 2010 // For the first time in its 80 year history the Football (Soccer) World Cup will be played on the African Continent. The quadrennial event matches 32 of the world’s best national teams in a tournament that lasts a...
Jun 11 2010 // A bid for Lloyd’s of London insurer Brit is unlikely to trigger acquisitions in the battered sector because targets feel they can hold out against lowball private equity bids and trade buyers remain strapped for...
Jun 10 2010 // BP Plc shares tumbled nearly 16 percent on U.S. exchanges to a 14-year low Wednesday on rising fears about how the wounded company will cope with the massive costs of the Gulf of Mexico oil disaster.The stock has now lost...
Jun 9 2010 // New research by U.S. Geological Survey scientists is casting doubt on the long-held idea that the New Madrid fault zone in Missouri’s Bootheel unleashed a series of devastating earthquakes in 1811 and 1812.In a new...
Jun 8 2010 // A bulletin from Munich Re, the world’s largest reinsurer, concludes that the “long-term trend towards ever higher natural catastrophe costs” looks set to continue, according to an analysis from its Geo...