All the headlines from our USA Topic Page, ordered by recency.
Feb 26 2008 // Australia’s QBE Insurance Group announced that operating profit after tax for the year ended 31 December 2007 was up 30 percent to a record A$1.925 billion ($US1.786 billion).Other key highlights for the year were...
Feb 26 2008 // U.S. health-care spending will devour an expanding share of the U.S. economy during the next decade, almost doubling to about $4.3 trillion in 2017, government officials forecast Tuesday.Economists at the U.S....
Feb 26 2008 // Republican U.S. Rep. Rick Renzi of Arizona has been indicted on a slew of public corruption charges and for stealing from his insurance company’s clients to fund his first campaign, federal authorities announced.The...
Feb 26 2008 // U.S.-based Odyssey Re Holdings Corp. announced that, effective April 1, 2008, Brian Young will become Chief Executive Officer – Global Insurance and London Market Operations. He presently manages OdysseyRe’s...
Feb 26 2008 // China’s CNinsure Inc. has announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2007. The bulletin noted that the earnings announcement “contains translations of...
Feb 26 2008 // For most of his life, Zach Scruggs has benefited from his last name.As a partner in his father Richard “Dickie” Scruggs’ law firm, the younger Scruggs is entitled to millions in legal fees and the acclaim...
Feb 25 2008 // A hurricane that hit Miami in 1926 would cause up to $157 billion in damage if it were to strike today, according to a recent study.U.S. storm costs are rising because of higher populations and wealth on the coasts, not a...
Feb 25 2008 // Aon Corporation announced that it has reached an agreement “to acquire substantially all of Gallagher Re’s U.S. and U.K. reinsurance brokerage business. In addition, a team of industry professionals from...
Feb 25 2008 // The Port Authority of New York and New Jersey can collect insurance only for damage inflicted on two buildings of the World Trade Center site destroyed on Sept. 11, 2001, rather than for the entire complex, a U.S. District...
Feb 24 2008 // PeopleManaging general agency and surplus lines wholesaler U.S. Risk Insurance Group Inc. named Terri Haselden vice president and manager of the Dallas Commercial Underwriting Department. Haselden, an experienced...
Feb 24 2008 // U.S. District Judge Stanwood Duval recently dismissed a lawsuit against the U.S. Corps of Engineers over levee failures in New Orleans following Hurricane Katrina in 2005. Duval ruled the Corps had immunity from the...
Feb 24 2008 // In February 2002, Insurance Journal reported that Congress and the Bush Administration had reached a deal whereby the trucking provisions of the North American Free Trade Agreement could finally be implemented....
Feb 24 2008 // While American International Group Inc. sought to downplay its miscalculation of losses on a derivatives portfolio as not “material to the company,” Wall Street was abuzz with speculation over whether the...
Feb 24 2008 // The Oregon Supreme Court for a third time has allowed a $79.5 million punitive-damages judgment against Philip Morris, an award twice struck down by the U.S. Supreme Court, which suggested it was excessive.The award was...
Feb 24 2008 // Chartwell Independent Insurance BrokersChartwell Independent Insurance Brokers LLC, a Los Angeles-based wholesale and specialty insurance broker focusing on high-risk, hard-to-place coverage, has opened a new office in...
Feb 22 2008 // In the first report of its kind, U.S. health officials said the nation’s states and cities made a strong effort to prepare for a flu pandemic, bioterrorism or other emergency health crises, but big challenges...
Feb 22 2008 // Immigrants seeking legal status in the United States are being victimized with disturbing frequency by their lawyers, a federal appeals panel said.After criticizing the work done and not done by defense lawyers, the...
Feb 22 2008 // PMI Mortgage Insurance Co., a subsidiary of The PMI Group, Inc., has appointed Joanne Berkowitz as executive vice president for risk management and operations. In this capacity Berkowitz will be responsible for optimizing...
Feb 22 2008 // A federal appeals court Friday upheld a lower court ruling dismissing a civil lawsuit against major U.S. chemical companies brought by Vietnamese plaintiffs over the use of dioxin, or “agent orange,” during the...
Feb 21 2008 // The Internal Revenue Service (IRS) has dropped plans to change the way that captive insurance companies are taxed.U.S. Senator Patrick Leahy, D-Vt., and U.S. Rep. Peter Welch, D-Vt., said that the IRS informed them it has...