United States News

Insential Launches Home Value Warranty Program for Builders

Dallas, Texas-based Insential Inc. launched the first of its new consumer protection programs created to provide crisis protection for consumers and help rebuild consumer confidence. The new program — Home Value Warranty — is a warranty program for home builders …

Cyber Security: Global Risk and Rising Complexity

Multinationals are fighting a battle on two fronts when it comes to cyber security as they seek to fend off new, emerging security threats and also comply with evolving global regulations. These emerging security threats include the risk of attacks …

Document Indicates US SEC, CFTC to Police OTC Derivatives

U.S. Treasury Secretary Timothy Geithner is expected to propose on Friday giving securities and futures regulators authority to police the largely unregulated over-the-counter derivatives market, according to a document obtained by Reuters. “Our plan will help prevent market manipulation, fraud …

Wells Fargo Names Norick Practice Leader – Special Risks National Equine

Wells Fargo Insurance Services has named Joseph Norick, based in Sherman Oaks, Calif., vice president and practice leader for Wells Fargo Special Risks’ National Equine Group. He is responsible for operations, carrier relationships, sales, and placement of all equine products …

Wells Fargo Insurance Develops Concussion Care Program

Wells Fargo’s Student Insurance Division and the Sports Concussion Institute (SCI) have launched Play It Safe Concussion Care, a new concussion management treatment and services solution for athletes nationwide. Play It Safe Concussion Care includes insurance underwritten by National Union …

A.M. Best: P/C Industry’s Earnings Down 87% in Q1

The U.S. property/casualty industry’s net income fell 87 percent to $1.2 billion in the first three months of 2009 according to A.M. Best. “The year-over-year decline in earnings was due primarily to the severe and prolonged turmoil in the financial …

G8 Eyes Climate as Summit Includes Emerging Powers

Leaders of the world’s richest nations and major developing powers meet on Thursday to seek common ground on global warming and international trade, with the poorer countries seeking concessions. U.S. President Barack Obama will chair the climate discussions, but hopes …

Developing El Nino Could Suppress Atlantic Hurricanes

El Nino weather anomaly has developed and it may not be as strong as the killer which struck more than a decade ago, the U.S. Climate Prediction Center said Thursday. The CPC, an office under the National Oceanic Atmospheric Administration, …

Wachovia Insurance Rebrands to Wells Fargo Insurance Services

San Francisco-based Wells Fargo & Co. said that Wachovia Insurance Services Inc. has changed its name to Wells Fargo Insurance Services USA Inc. The combined business makes Wells Fargo the world’s fourth largest insurance firm and the largest bank-owned insurance …

Pay Consultants Face Ban on Providing Other Work for Same Firm

The Obama administration plans to detail as soon as this week new measures to clamp down on potential conflicts of interest between compensation consultants and corporate executives, sources familiar with the administration’s thinking told Reuters Wednesday. The administration is considering …