Latest USA Headlines

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

Insurance Industry Sees Commercial Airlines as Safe

Jan 16 2009 // With the world’s attention focused on the US Airways Airbus emergency landing in the Hudson River and the successful rescue of passengers, the insurance industry points out that the commercial airlines industry has a...

Newly-Launched Vortex Insurance Offering Weather Risk Insurance

Jan 15 2009 // MSI GuaranteedWeather, LLC, a provider of weather risk management products, has formed Vortex Insurance Agency, LLC in Overland, Kansas to sell weather risk insurance products to businesses.The weather risk line is being...

Allied World U.S. Opens New Offices in Western Region

Jan 15 2009 // Allied World Assurance Co. Holdings Ltd. announced the recent opening of two new Allied World U.S. offices in California, located in Costa Mesa and Los Angeles. These offices were opened to expand distribution of Allied...

Poll Finds Americans Support Increased Business Regulation

Jan 14 2009 // A clear majority of Americans believe government regulation of business should be increased, a new poll showed Wednesday.The poll, conducted by Public Strategies Inc. and the Politico news organization, found that more...

U.S. Safety Group Calls for Cell Phone Driving Ban

Jan 13 2009 // The National Safety Council, which campaigned to get U.S. states to enforce seatbelt laws, is taking on cellphones, saying it is starting a campaign to ban all use of mobile phones while driving.Even so-called hands-free...

U.S. Approves The Hartford, Lincoln National Bank Holding Company Bids

Jan 12 2009 // The U.S. Office of Thrift Supervision said on Friday that it approved applications from Hartford Financial Services Group Inc and Lincoln National Corp to become bank holding companies, an important step toward these...

People

Jan 11 2009 // Alice A. Molasky Arman joined Western Insurance Co. as senior vice president of government relations. Molasky Arman recently retired from the State of Nevada, where she was recognized as the state’s longest serving...

UK’s Insurance Institute Report Sees ‘Shallow’ U.S., Asia Recovery

Jan 9 2009 // The UK’s Chartered Insurance Institute has released its latest Thinkpiece report, the first of a series of six international articles in association with the London-based think tank Chatham House.It concludes that...

Corporate Fraud Scandals Can Detonate Anywhere

Jan 9 2009 // When it comes to corporate fraud scandals, nowhere is safe.Revelations of a $1 billion fraud at Indian IT firm Satyam Computer Services do not point to a higher systemic risk of accounting scandals in India, or even in...

U.S. Halts Two Ponzi Schemes in Wake of Madoff

Jan 9 2009 // The U.S. government took action Thursday to halt two Ponzi schemes as investors continue to reel from the fallout of accused swindler Bernard Madoff’s alleged $50 billion fraud.Securities and futures regulators...

AFCO Credit Corp. to Acquire U.S. Operations of Cananwill

Jan 9 2009 // AFCO Credit Corp. has plans to buy the domestic operations and assets of the premium finance business of Cananwill from Aon Corp.Glenview, Ill.-based Cananwill provides insurance premium financing for commercial property...

U.S. House Panel Postpones Hearing into Use of Bailout Funds

Jan 6 2009 // A U.S. congressional panel postponed a Wednesday hearing on the Treasury Department’s use of a $700 billion financial bailout fund and priorities of president-elect Obama’s administration, the House Financial...

Study: California Earthquake Would Accelerate US Mortgage Meltdown

Jan 6 2009 // In light of current economic conditions, a major catastrophe such as an earthquake in California would bring new misery to both U.S. and international financiers, according to an analysis released by Impact Forecasting...

2008: Top Stories of the Year

Jan 5 2009 // 2008 can be described as a year like no other in the property/casualty insurance world. This year we saw the near death of the world’s largest and most successful insurance company, AIG. The soft market continued to...

Climate Change Raises 2008 Cat Losses to $200 Billion Says Munich Re

Dec 31 2008 // Munich Re has released its annual report on the natural catastrophes that occurred in 2008, which it describes as “one of the most devastating years on record.” 2008’s major catastrophes included a number...

Munich Re 2008 Catastrophe Report Cites Role of Climate Change

Dec 30 2008 // Munich Re has released its analytical report on the natural catastrophes that occurred in 2008, which the reinsurer describes as, “one of the most devastating years on record.”2008’s major catastrophes...

Best Sees No Rating Change for Munich Re from HSB Acquisition

Dec 29 2008 // A.M. Best Co. has commented that the financial strength rating (FSR) and issuer credit ratings (ICR) of Munich Reinsurance Company and its subsidiaries are unchanged following its agreement to acquire specialty insurer HSB...

Despite Financial Crisis, Climate Change Concerns Continue

Dec 29 2008 // “This year’s climate change agenda has, if nothing else, highlighted that next year will be hard going for those wishing to set global agreement for action against climate change,” states a recent article...

Workplace Injury Rates Lower for Foreign-born Workers, Study Finds

Dec 24 2008 // A new study funded by U.S. National Institute for Occupational Safety and Health says that foreign-born workers reported a lower rate of non-fatal work-related injuries than U.S.-born workers, based on data collected from...

Ratings Recap: Aspen, Munich Re (Malta), Qatar, Nissan, CMI, Takaful, Int’l.

Dec 23 2008 // A.M. Best Co. has affirmed the financial strength ratings of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Aspen Insurance UK Limited (AIUK) and Bermuda-based Aspen Insurance Limited...