All the headlines from our USA Topic Page, ordered by recency.
Dec 23 2008 // There has been no rush to the courthouse yet by Bernard Madoff’s angry investors, but a wave of legal action could be on the way as their lawyers spearhead private investigations into the suspected fraud.A little...
Dec 23 2008 // U.S. insurers and actuarial firms increasingly are outsourcing, offshoring, and importing actuarial talent from abroad, industry experts report.They are also learning that good management practices and an understanding of...
Dec 22 2008 // U.S. District Judge Lee Rosenthal in Houston has been called upon to rule if Great American Insurance Co. is acting within policy and contract language and in accordance with the required utmost good faith in asserting...
Dec 22 2008 // America’s 600 underground coal mines would have to spend an estimated $278 million installing sophisticated electronic communications and tracking equipment under a new federal proposal requiring operators to file...
Dec 22 2008 // Swiss insurer Zurich Financial Services Group is drawing U.S. commercial clients away from financially beleaguered rivals, a company executive for North America said on Friday.“We have seen higher submissions and...
Dec 21 2008 // Stock Prices: Arthur J. Gallagher’s stock price remarkably continues to hold strong as many stocks are experiencing historical declines. Gallagher is up 6.5 percent for the year.M&A Activity: Brokerage activity...
Dec 21 2008 // 2008 can be described as a year like no other in the property/casualty insurance world. This year, the industry witnessed the near death of the world’s largest and most successful insurance company, AIG. The soft...
Dec 21 2008 // Buyers that aren’t buying; houses that aren’t selling, banks that aren’t lending — sound familiar? But in this case it’s the United Kingdom that we’re talking about, not the United...
Dec 19 2008 // Maple Leaf Foods said Thursday it has agreed to settle class-action lawsuits related to an outbreak of listeriosis food poisoning caused by contaminated deli meats processed at its Toronto plant.The settlement, which still...
Dec 19 2008 // Farmers Insurance Groups of Companies and Zurich Financial Services announced Dan Dunmoyer, who recently served as chief cabinet secretary and deputy chief of staff for California Governor Arnold Schwarzenegger, has...
Dec 19 2008 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A+’ (Superior) from ‘A’ (Excellent) and the issuer credit ratings (ICR) to “aa” from “a” of Allianz Global...
Dec 18 2008 // Insurance Australia Group Limited (IAG) announced that it has agreed to sell its mass market distribution businesses in the UK for a total value of £73.5 million (approximately A$165 million – US$113.74...
Dec 18 2008 // The U.S. Securities and Exchange Commission voted on Wednesday to begin scrutinizing annuities linked to equity indexes, a complex financial product the agency says falls into a regulatory no-man’s land.The 4-1 vote...
Dec 16 2008 // A Michigan–based Christian rights group has filed suit against the federal government claiming the government’s loan to insurance giant American International Group (AIG) is illegal because AIG has financial...
Dec 16 2008 // American International Group’s life insurance companies have sold residential mortgage-backed securities with a face value of $39.3 billion to the Federal Reserve Bank of New York (FRBNY) as part of its efforts to...
Dec 15 2008 // The deteriorating U.S. economy – with its waves of layoffs, dislocations in the credit and equity markets, and falling home prices – will present a challenge in 2009 for almost every domestic business sector,...
Dec 15 2008 // Those seeking a place to live, work or raise a family in a safe and secure environment should consider the Pacific Northwest, according to the fifth annual Most Secure U.S. Places to Live rankings from Farmers Insurance...
Dec 12 2008 // Houston-based HCC Insurance Holdings Inc.has acquired Arrowhead Public Risk, a division of Arrowhead General Insurance Agency Inc., and also acquired the Criminal Justice division of U.S. Risk Insurance Brokers. The...
Dec 12 2008 // The U.S. government needs a more comprehensive plan for studying the risks of nanotechnology, the National Research Council said.While the committee that prepared the report did not evaluate the safety of nanomaterials, it...
Dec 12 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of A (Excellent) and the issuer credit rating (ICR) of “a+” of Zurich Insurance Company (ZIC), the main operating company of Zurich Financial...