All the headlines from our USA Topic Page, ordered by recency.
Apr 14 2010 // Catastrophe bond issuance conditions saw sustained improvement in the first quarter of 2010, reflecting the increase in prominence of the insurance linked securities (ILS) asset class.Despite the continued improvement in...
Apr 13 2010 // Feinberg slashed the salaries of David Herzog, chief financial officer, and Kristian Moor, executive vice president of property-casualty, to $350,000 and $450,000 from $675,000 and $1 million, respectively, effective Nov....
Apr 13 2010 // Capacity returned in force to the global reinsurance market in 2009, as solid earnings helped to propel capital upward by 24 percent from the previous year, despite a softening market.Recovering from harsh blows delivered...
Apr 12 2010 // Kenyan student Shadrack Silipo had a heart operation five years ago, the sort of surgery that often bankrupts families in Africa.Silipo’s parents normally would have paid by selling off land, the same green acres...
Apr 8 2010 // Five more states are 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 Wednesday.The joint lawsuit...
Apr 8 2010 // The 2010 Atlantic hurricane season will produce an above-average eight hurricanes, four of them major, posing a heightened threat to the U.S. coastline, the Colorado State University hurricane forecasting team predicted...
Apr 8 2010 // The U.S. saw a significant decline in the reported value of insurance industry mergers and acquisitions (M&A) transactions in 2009, and overall global transaction values also declined further from very low 2008 levels,...
Apr 8 2010 // A federal judge in New Orleans has awarded seven plaintiffs from Virginia more than $2.6 million in a consolidated case involving damage to the plaintiff’s homes as a result of the installation of substandard drywall...
Apr 7 2010 // Drills boring into a West Virginia coal mine Wednesday carried hope for a “miracle” rescue of four miners missing after a blast killed 25 people in the worst U.S. mine disaster in a quarter century.The...
Apr 7 2010 // As the international community steps up its efforts to fight money laundering, a number of countries are now requiring insurers to obtain additional information from their customers to screen out possible bad actors.For...
Apr 7 2010 // Several of Rhode Island’s elected officials said Monday they are pushing to secure federal grants instead of loans for hundreds of businesses trying to recover from the worst flooding in 200 years, although a week...
Apr 7 2010 // In less than a decade and with little opposition, Chicago has linked thousands of cameras in a network covering most of the city, creating the most extensive and sophisticated video surveillance system in the United States...
Apr 6 2010 // A new federal regulation will require trucking companies that repeatedly violate driver time limits to install electronic recorders that track how long drivers are at the wheel.But the recorders will only be required for...
Apr 6 2010 // An explosion ripped through a West Virginia coal mine owned by Massey Energy, killing at least 25 miners in the deadliest U.S. mining disaster since 1984.Governor Joe Manchin said Tuesday morning that four miners remained...
Apr 6 2010 // The former head of the American International Group division that nearly bankrupted the giant insurer isn’t out of the woods yet.Joseph Cassano, who ran London-based AIG Financial Products and oversaw its disastrous...
Apr 6 2010 // South Korea has sent a destroyer to intercept a supertanker carrying as much as $170 million worth of crude oil that was seized by Somali pirates, officials said on Monday.The South Korean-operated, Singapore-owned Samho...
Apr 6 2010 // The Supreme Court indicated this week it could prohibit foreign investors from using U.S. securities law and American courts to sue a foreign bank for fraud.The court heard argument in a challenge from Australian investors...
Apr 6 2010 // Three Mississippi residents have filed suit in federal court challenging the Obama Administration’s new health care law, a newspaper reported.The suit was filed Friday in U.S. District Court in Hattiesburg on behalf...
Apr 6 2010 // Damage estimates from Sunday’s 7.2 magnitude earthquake in Mexico, just south of California, are not expected to exceed $1 billion, and insured losses should not exceed $300 million, according to risk modeling firm...
Apr 5 2010 // Accident Fund Insurance Company of America, based in Lansing, Mich., appointed Lisa Riddle the new vice president of Claims and Medical Operations.In her new role, Riddle is responsible for the strategic direction of...