All the headlines from our USA Topic Page, ordered by recency.
Jul 2 2009 // Los Angeles-based The Farmers Insurance Group of Companies has completed the acquisition of 100 percent of AIG’s U.S. Personal Auto Group, which includes 21st Century Insurance. In addition to 21st Century Insurance,...
Jul 1 2009 // American International Group, Inc. (AIG) has closed the sale of 21st Century Insurance Group, the wholly owned subsidiaries of AIG’s U.S. personal auto insurance business, to Farmers Group, Inc. (FGI), a subsidiary...
Jul 1 2009 // A report from Willis Re indicates that “despite predictions of dramatic rate increases to offset reinsurer losses over the preceding 12 months, July 1 reinsurance renewals saw sufficient capacity in virtually all...
Jul 1 2009 // Upward pressure on property/catastrophe reinsurance rates in the U.S. eased at the July 1, 2009 renewal, as capacity in the market remained sufficient without being abundant, according to a briefing published today by Guy...
Jul 1 2009 // Starr Underwriting Agents Limited and Starr Specialty Lines Insurance Agency, LLC, both subsidiaries of C. V. Starr & Co., Inc. announced that they can now offer additional capacity of up to $75 million “through...
Jun 30 2009 // California Insurance Commissioner Steve Poizner announced that he will launch an effort to probe insurance company investments for ties to Iran and immediately direct California-based insurance companies to divest any...
Jun 30 2009 // American International Group Inc., the insurer rescued by a series of federal bailouts, is set to pad out its shrinking board Tuesday when a new slate of directors stands for election at its annual meeting.The nominees...
Jun 29 2009 // Insurers are still seeking a universal solution to weaknesses in catastrophe bonds exposed by Lehman Brothers’ collapse, though structural improvements have helped push sales past $1 billion this year.This...
Jun 26 2009 // A subcommitee of the U.S. House of Representatives that is looking into trouble spots in the country’s homeowner insurance market is coming to Florida in July.House Financial Services Oversight and Investigations...
Jun 25 2009 // A nationwide health insurance exchange that includes a Medicare-like government option could save $1.8 trillion more than if only private plans are offered, a prominent private U.S. health policy group said...
Jun 25 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Wind River Reinsurance Company, Ltd. and its U.S....
Jun 25 2009 // Two licensed insurance brokers with offices in the Brownsville, Texas, area have been charged with conspiracy, mail fraud and wire fraud in a multi-million dollar scheme, according to U.S. Attorney Tim Johnson.The U.S....
Jun 25 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Argo Re Ltd. and its U.S. subsidiaries. Best also affirmed the ICR...
Jun 24 2009 // Steamship Mutual, a major Protection & Indemnity (P&I) Club, has released its 2009 Management Highlights. “The visual theme of the Highlights this year is the illustration of Steamship Mutual’s...
Jun 24 2009 // President Barack Obama said Tuesday his healthcare overhaul needed a public insurance option to enforce market “discipline,” but stopped short of saying he would veto legislation without one.Obama, who has made...
Jun 24 2009 // The U.S. Securities and Exchange Commission has rejected an attempt by a Bernard Madoff customer to get the agency to pay $1.7 million she lost in the fraud, setting the stage for a federal lawsuit, the investor’s...
Jun 24 2009 // AIU Holdings, the property/casualty division of insurer AIG and one of the world’s largest commercial insurers, has tapped Robert Schimek to be its first global chief financial officer, a role that includes preparing...
Jun 23 2009 // A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb” and the unsecured debt ratings of Toronto-based Fairfax Financial Holdings Limited, as well as the financial strength ratings (FSR) of...
Jun 23 2009 // The Supreme Court of Texas has ruled that employers generally do not owe a duty to third parties for the activities of off duty employees that occur away from the work site, even if those activities ultimately lead to a...
Jun 22 2009 // Two Vietnam veterans are not entitled to damages from a 2007 Department of Veterans Affairs computer security breach in Birmingham, Ala., a federal appeals court panel in Georgia has ruled.Jim Henry Perkins and Jessie...