All the headlines from our USA Topic Page, ordered by recency.
Jun 11 2008 // In a recent address Callum McCarthy, the Chairman of the UK’s Financial Services Authority, took stock of the current regulatory regime for financial services in the UK.“The turbulence in financial markets...
Jun 11 2008 // Whether it’s Salmonella in tomatoes or E. coli-tainted spinach, outbreaks of food-borne illness are scaring people away from some foods and shaking their confidence in U.S. food safety procedures.“Food in the...
Jun 10 2008 // The U.S. Supreme Court said Monday that it would hear a Philip Morris USA appeal seeking to overturn a $79.5 million punitive damages award won by the widow of a longtime Oregon smoker.The justices agreed to review a...
Jun 9 2008 // Willis Group Holdings, the third largest global insurance broker, said Monday it sees its $2.1 billion deal for a rival broker boosting growth, especially in the United States.Willis said late Sunday it would buy Richmond,...
Jun 6 2008 // U.S. Risk Underwriters, a subsidiary of U.S. Risk Insurance Group, Inc., will relocate four programs currently operated by the U.S. Risk subsidiary, Lighthouse Underwriters.The programs – ElderCare, StaffPak, PLPros...
Jun 6 2008 // U.S. Risk Insurance Group Inc. named Mark J. Siceloff as a senior broker with U.S Risk Brokers, the company’s wholesale excess and surplus lines insurance brokerage operations. He will be based in U.S. Risk’s...
Jun 5 2008 // In a joint announcement Spain’s largest insurer, MAPFRE S.A. and The Massachusetts-based Commerce Group, Inc. announced that MAPFRE has completed its acquisition of Commerce. The parties reached agreement on a deal...
Jun 5 2008 // U.S. auto safety regulators Wednesday told lawmakers they need more time to develop a tougher standard for vehicle roofs to ensure that adding more weight and headroom would not cause more vehicles to roll over.Some...
Jun 5 2008 // U.S. insurers, in an industry awash in excess capital, face a stretch of turbulence that won’t soon abate, according to analysts at a Standard & Poor’s Ratings Services conference this...
Jun 3 2008 // Catastrophe risk modeling firm Risk Management Solutions (RMS) has launched a new index for assessing insured industry losses from U.S. hurricanes.Named the Paradex U.S. Hurricane, it combines actual wind speeds at...
Jun 3 2008 // Melvyn Weiss, who built the New York law firm that turned class action litigation into a multibillion-dollar business, was sentenced Monday to 30 months in federal prison after admitting to paying secret kickbacks to...
Jun 3 2008 // Managing general agency and surplus lines wholesaler U.S. Risk Insurance Group, Inc. has named Peter Stanislaw as program manager of StaffPak, an insurance package for the staffing industry.StaffPak is offered through...
Jun 3 2008 // Asian insurers, particularly China’s major players, are likely seize the credit crunch as an opportunity to snap up assets in Europe and the United States, senior insurance figures said on Tuesday.“Asian...
Jun 2 2008 // Menu Foods Income Fund said Friday that a U.S. court gave preliminary approval to a settlement agreement covering lawsuits in U.S. and Canadian courts.Menu Foods was was hit by more than 100 class action lawsuits last year...
Jun 2 2008 // Bermuda-based PartnerRe has announced the following executive changes in its Global (Non-U.S.) Operations: — Emmanuel Clarke has been named as Head of Specialty Lines, Global, effective Sept. 1, 2008. — He...
Jun 2 2008 // $94,614,453.59Arkansas has racked up nearly $95 million in insured losses from four major storm systems that hit the state so far this year. May 10 storms caused $17,150,530.56 in damages, the Arkansas Insurance Department...
Jun 2 2008 // The credit crunch in the U.S. financial markets that boiled over due to the subprime mortgage meltdown may affect the ability of insurers and reinsurers that cover coastal areas to raise cash for claims payments should a...
Jun 2 2008 // The industry is about to enter an era of global warming insurance claims. Scientists have been warning about the impact global warming could have if greenhouse gas emissions are not reduced. Because of a sense of urgency...
Jun 2 2008 // Automobile insurers are hungering for the Hispanic market’s premium dollars, according to a new report by Hispanic Market Weekly that analyzed marketing and media trends being used by the industry.Automobile insurers...
Jun 2 2008 // The U.S. housing crisis has caused huge loan losses at big lenders but also spawned a slew of class-action lawsuits against them, many alleging noncompliance with consumer disclosure rules.“The compliance issue is a...