Latest USA Headlines

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

Declarations

Apr 19 2010 // Big Rig Giveaway“I like Volvos. … I really like the style of the new ones.” —Ron Terrill, a truck driver from Oklahoma, said he entered Cincinnati, Ohio-based Great American Insurance Group’s...

Business Moves

Apr 19 2010 // The Hanover, Campania GroupMassachusetts-based The Hanover has completed its acquisition of Virginia-based Campania Group, which provides professional and general liability solutions for durable medical equipment suppliers...

Declarations

Apr 19 2010 // Big Rig Giveaway“I like Volvos. … I really like the style of the new ones.” —Ron Terrill, an Oklahoma truck driver, said he entered Great American Insurance Group’s “Big Rig Giveaway,” for...

Who’s Going to Pay?

Apr 19 2010 // Things are heating up in the world of Chinese drywall. Courts are issuing opinions, a U.S. consumer products safety agency is recommending gutting homes with the product, and a consumer watchdog group is insisting that...

Toyota Pays $16.4 Million Fine But Says It Acted in Good Faith

Apr 19 2010 // Toyota Motor Corp. said Monday it will pay a record $16.4 million fine to U.S. safety regulators to settle a complaint that the company delayed a recall over defective accelerator pedals.Toyota, however, said it made a...

Chiquita Faces New $1 Billion Lawsuit by Colombian Families

Apr 19 2010 // Nearly 250 Colombians who say they and relatives were victims of violence by Colombian right-wing paramilitaries have filed a lawsuit seeking more than $1 billion in damages from the Chiquita banana company, which has...

Some Health Insurers Shifting Costs Ahead of New Loss Ratio Mandate

Apr 19 2010 // Some of the largest U.S. health insurers are changing their accounting practices to book administration costs as medical costs in an attempt to circumvent new industry reforms, according to a recent U.S. Senate...

Who Pays?

Apr 19 2010 // Things are heating up in the world of Chinese drywall.Courts are issuing opinions, a U.S. consumer products safety agency is recommending gutting homes with the product, and a consumer watchdog group is insisting that...

Business Moves

Apr 19 2010 // Northern CapitalFlorida insurance officials have moved to shut down Northern Capital Insurance Co. after concluding that the firm is insolvent. Agents and the company’s 70,000 policyholders are being advised to...

People

Apr 19 2010 // Wells Fargo Insurance Services has named Wayne Marchant as senior vice president and Southeast region healthcare practice leader. He will be based in Savannah.Prior to joining Wells Fargo Insurance Services, Marchant was...

It Figures

Apr 19 2010 // $30.8 MillionThe amount from its surplus that Kentucky’s major workers’ compensation insurance carrier, Kentucky Employers’ Mutual Insurance, has decided to return to policyholders. Earlier this month,...

Sweethearts in Crime: Rise in Married Couples in Securities Fraud

Apr 16 2010 // Jeffery Stone and his wife Janette Diller Stone, one-time operators of a now-defunct New York investment firm called Crescent Fund, are not on any government most wanted list. And they aren’t exactly hiding, either....

Insurer Wins Appeal in Lead-Contaminated Chinese Toy Case

Apr 16 2010 // A federal appeals court has ruled that an insurance company has no duty to defend against class action lawsuits filed in Illinois targeting the company’s insured, a Chinese manufacturer of toys sold in the United...

MetLife Pays $13.5 Million to Settle U.S. Contingent Commission Case

Apr 16 2010 // MetLife Inc., the largest U.S. insurer, has agreed to pay $13.5 million to resolve a federal government investigation into improper payments made to a San Diego-based insurance broker, the U.S. Justice Department said on...

QBE Acquires NAU Country Insurance

Apr 16 2010 // QBE Americas has agreed to acquire NAU Country Insurance Co., a writer of crop insurance business based in Ramsey, Minn. Completion is expected in July 2010, subject to regulatory approvals.The acquisition supports...

Louisiana Hurricane Researcher and Corps Critic Fails to Win Job Back

Apr 15 2010 // A federal judge refused to immediately reinstate Louisiana State University hurricane and coastal researcher Ivor van Heerden, who was stripped of most of his duties last year. Van Heerden claims he is losing his job...

P/C Industry’s Net Income Up $25B in 2009; Combined Ratio Improves

Apr 15 2010 // The U.S. property/casualty industry’s profitability as measured by their rate of return on average policyholders’ surplus (or statutory net worth) increased by 5.8 percent in 2009, while private P/C...

Italy’s Mt. Vesuvius Ranked as Europe’s Most Dangerous Volcano

Apr 15 2010 // A major eruption of Italy’s Mount Vesuvius could result in 8,000 fatalities, 13,000 serious injuries and total economic losses of more than $24 billion, says a new study.According to the Willis Research Network...

Georgia Joins Lawsuit Against Healthcare Overhaul

Apr 14 2010 // Georgia is joining a Florida-led group of states in a lawsuit challenging President Barack Obama’s overhaul of the U.S. healthcare system, Florida’s attorney general said Tuesday.Bill McCollum, who is seeking...

How to Handle Firms ‘Too Big To Fail’ Divides Democrats, Republicans

Apr 14 2010 // U.S President Barack Obama will try to turn up the pressure for an overhaul of Wall Street regulations as he meets Wednesday with top Democratic and Republican lawmakers to discuss a sweeping package of reforms.Republicans...