All the headlines from our USA Topic Page, ordered by recency.
Oct 24 2008 // Like many of its property/casualty competitors, Chubb Corp. saw its third quarter profit cut by investment losses and Hurricane Ike but the New Jersey-based insurer still emerged with $264 million in net income, $300...
Oct 24 2008 // Large insurance broker Marsh has formed Marsh & McLennan Agency LLC, a new business dedicated to serving the insurance needs of small and emerging growth U.S. companies.The agency will conduct its business separately...
Oct 24 2008 // California-based Risk Management Solutions (RMS) updated its estimate for U.S. onshore and offshore insured losses from Hurricane Ike to $13 billion to $21 billion, of which $10 billion to – $15 billion is estimated...
Oct 23 2008 // The top executive of Moody’s warned his board in 2007 that the quality of credit ratings was in danger due to trends that could “place the entire financial system at risk.”The confidential briefing was...
Oct 23 2008 // A federal jury has convicted a woman of conspiring with a former Louisiana lawmaker to conceal her illegal operation of an insurance business by laundering money.Prosecutors contend Gwendolyn Moyo sold bogus construction...
Oct 22 2008 // A jury of six men and six women in New Orleans resumed deliberations Oct. 21 in the money laundering trial of Gwendolyn Moyo related to the alleged operation of an illegal insurance company.Moyo, 53, is accused of 41...
Oct 21 2008 // Following two straight years of reporting declines in the number of new lawsuits and regulatory proceedings — including a drop in large-dollar cases — U.S. companies now anticipate an uptick in new actions and...
Oct 21 2008 // Willis Group Holdings, a global insurance broker, has released a report summarizing recent changes in the scientific view of seismic hazard in the United States. The report has been added to the curriculum of the Associate...
Oct 20 2008 // A top U.S. lawmaker has asked the chief executive of American International Group for details on how the company has used its $123 billion of taxpayer rescue funding so far.Rep. Henry Waxman, chairman of the U.S. House...
Oct 20 2008 // No-one expects a fallen Master of the Universe to say sorry. But academics say an apology — for all the litigation risk it entails — can be the basis of revitalised confidence and trust.With global markets...
Oct 20 2008 // Like farmers and ranchers across the United States, agriculture producers in Texas and Louisiana have been impacted by rising fuel and fertilizer costs, and they fear the credit squeeze gripping the nation will make it...
Oct 20 2008 // Agribusiness insurance has grown significantly as food production has become a global commodity. Since World War II there has been a dramatic reduction in the number of family farms and acreage being cultivated for food...
Oct 20 2008 // One of Pat Oliphant’s more recent editorial cartoons shows presidential candidate John McCain held in the trunk of an enraged elephant labeled “The Economy.” “My friends,” says McCain to a...
Oct 17 2008 // The Bermuda-based Catlin Group Limited has announced its initial estimate of the financial impact of Hurricanes Ike and Gustav and an update on its investment performance and trading conditions.The Group said its...
Oct 17 2008 // India’s Tata Sons has been in talks to buy a stake in AIA, a major Asian unit of American International Group, sources close to the matter said.The U.S. insurance giant has been seeking to sell assets after nearly...
Oct 17 2008 // Pfizer Inc said Friday it plans to pay $894 million to settle lawsuits alleging that its withdrawn Bextra painkiller and widely used Celebrex arthritis drug harmed U.S. patients and defrauded consumers.Pfizer said the...
Oct 16 2008 // In a newly published article – Global Insurers Weather The Credit Turmoil–Thus Far – Standard & Poor’s credit analysts have concluded that “many of the largest insurers around the world...
Oct 16 2008 // Balance sheet pressures for insurance and reinsurance companies globally have become more severe as insurers experience greater unrealized market value losses, and take impairments, on their investment portfolios, says...
Oct 16 2008 // The Securities and Exchange Commission should get more power to police credit derivatives even though it failed to use its existing authority to rein in risky behavior that contributed to a global financial crisis, a...
Oct 14 2008 // The head of a U.S. congressional finance panel said Monday he would seek to regulate the fast-growing $55 trillion credit default swaps market, which has been blamed for exacerbating the financial meltdown.Rep. Barney...