United States News

South Dakota Group Seeks to Strengthen Traffic Safety Laws

More than a dozen organizations and state Sen. Ben Nesselhuf of Vermillion have formed Safe and Sound South Dakota, a coalition they say is designed to promote traffic safety legislation. In a release, the coalition said its priorities include strengthening …

Socius Hires in California and Illinois

Socius Insurance Services, Inc., a San Francisco-based management liability and property & casualty insurance wholesaler, today announced the appointment of Devin Wright as assistant vice president in its San Francisco office. The company also hired Matt Baird as assistant vice …

Drop in Catastrophe Losses Leads Travelers to Strong Underwriting Gain

Travelers Companies Inc., the No. 1 publicly-traded U.S. property/ casualty insurer, said its quarterly profit more than quadrupled, strongly beating expectations, as a dearth of costly catastrophes left the company with strong underwriting gains. The New York-based insurer raised its …

Top Executives at AIG Financial, Other Bailed Out Firms to See Pay Cuts

Top earners at financial and auto companies bailed out by the U.S. government will see their pay slashed under an Obama administration plan aimed at addressing public outrage over eye-popping paychecks, two sources familiar with the matter said on Wednesday. …

Hawie Named Chief Investment Officer at Louisiana Work Comp Corp.

John W. Hawie has been hired by Louisiana Workers’ Compensation Corporation (LWCC) as senior vice president and chief investment officer. He left a position as senior vice president and chief investment officer for Commerce Group in Webster, Mass., to take …

Obama to Boost Small Business Lending

President Barack Obama will announce a package of initiatives Wednesday to increase credit to small businesses, an administration official said Tuesday. “The proposal will increase the caps for existing SBA (Small Business Administration) loans and give small banks better access …

Madoff Investors Add KPMG, MassMutual, Major Banks to Lawsuit

Some investors defrauded by epic swindler Bernard Madoff on Tuesday added accounting firm KPMG, JPMorgan Chase and Bank of New York Mellon to a civil lawsuit in a New York court, lawyer Joseph Cotchett said. The lawyer, who also named …

Climate Talks Now ‘in the Balance,’ But Some Hints of Progress

Prospects for a new U.N. climate pact in December remained in the balance after talks among big emitters on Monday but with signs of action by Brazil, India and Australia. “It’s more do-able today than yesterday,” British energy and climate …

Brazil Plans Doha Trade Meeting in late November

Brazil plans to organize a meeting of trade ministers in late November to discuss progress in the World Trade Organization’s long-running Doha round, a senior Brazilian official said Monday. The meeting would be an opportunity to take stock of the …

Declarations

Bigger, Hungrier “Large brokers enjoy certain advantages of scope and scale. At least in theory, their costs are lower, and they are able to provide a broader array of services. But small brokers are the engines of growth in the …