United States News

IPCC Head Says Copenhagen Summit ‘Pretty Good’ if CO2 Cut by 20%

A 20 percent cut in greenhouse gases by rich nations would be a “pretty good” result for a U.N. climate summit, even though it falls short of developing nations’ hopes, the head of the U.N. climate panel said on Tuesday. …

States with High Homicide Rates Also Report More Traffic Deaths

States with high homicide rates also tend to have higher rates of traffic deaths than other states, says a University of Michigan researcher. In a new study in the current issue of the journal Traffic Injury Prevention, Michael Sivak of …

Supreme Court Justices Question Audit Board Under Sarbanes-Oxley

Several U.S. Supreme Court justices seemed to question Monday whether the president had enough authority over an agency that polices auditors of public companies. During arguments to consider if the Public Company Accounting Oversight Board violates the U.S. Constitution, the …

One Thing Is Certain for Insurance Industry in Near Term: Uncertainty

The insurance industry may not see a return to relative stability and certainty for a few years as it reacts to the effects of regulatory reform, increased government intervention and potential tax law changes in the aftermath of the financial …

UN Climate Talks Open in Copenhagen; Deal ‘Within Reach’

The biggest climate talks in history opened on Monday with a stark U.N. warning of the risk of desertification and rising seas and an assurance by hosts Denmark that a deal to combat climate change was “within reach”. Politicians and …

Supreme Court Audit Board Case Could Reopen Sarbanes-Oxley Debate

The Supreme Court hears a case on Monday that could alter how corporate America is audited and overhaul the Sarbanes-Oxley corporate reform act. The outcome of the case will determine whether a central component of the Sarbanes-Oxley law — an …

Aon Acquires Major Construction Insurance Broker Allied North America

Aon Risk Services, the risk management and insurance brokerage business of Aon Corp., said it has agreed to acquire Allied North America, one of the largest independent surety and construction insurance brokerage firms in the United States. Financial terms of …

New Markets

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Captives Fuel Growth and Income for Agency Owners

Now is the Time for a Captive: Don’t Wait for the Next Hard Market In times likes these, where the insurance industry is now in its fifth year of a soft market, the use of an agency captive insurance company …

Ohio AG Sues National Ratings Agencies Over Securities Information

Ohio Attorney General Richard Cordray has filed a lawsuit against national securities and credit ratings agencies Standard & Poor’s, Moody’s and Fitch over what the AG’s office called “false and misleading” securities information. The lawsuit, filed in United States District …