Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Chubb: No Operations or Employees in U.S. Blacklisted Countries
Oct 30 2014 // Chubb Corp. has distanced itself from insurance adjusters in Sudan and Syria after a U.S. Securities and Exchange Commission inquiry into business in nations blacklisted by the U.S. because of terrorism ties. The...
Space Station Supply Rocket That Exploded Insured for $50 Million
Oct 29 2014 // Authorities on Wednesday started investigating what made an unmanned U.S. supply rocket explode in a fireball moments after lifting off from a launch pad in Virginia, destroying supplies and equipment bound for the...
Ex-CEO Benmosche Writing Book on Turnaround at AIG
Oct 28 2014 // Robert Benmosche is working on a book about turning around American International Group Inc. Benmosche’s memoir focuses on the five years he led AIG and is slated to be published in late 2015 or early 2016 by St....
Judge Slashes $9 Billion Damages Award Against Drugmakers by 99%
Oct 28 2014 // Takeda Pharmaceutical Co. and Eli Lilly & Co. won a more than a 99 percent cut in a $9 billion punitive damages award over claims the drugmakers hid the cancer risks of their Actos diabetes medicine. Jurors properly...
Lawsuits Commence Against Takata, Auto Makers Over Air Bags
Oct 28 2014 // Takata Corp. and carmakers that install the company’s air bags were sued by U.S. drivers over claims they were duped into buying unsafe vehicles following the recall of almost 8 million cars from 10...
Remnants of Hurricanes Still Can Be Powerful – and Dangerous
Oct 28 2014 // A hurricane may lose its name, its structure and even its place on National Hurricane Center tracking maps. None of that is a guarantee the storm’s meteorological energy won’t keep making mischief. While...
Carpenter Report Details Impact of 2004 & 2005 Hurricane Seasons
Oct 27 2014 // Guy Carpenter & Company released Part II of the two-part Ten-Year Retrospective of the 2004 and 2005 Atlantic Hurricane Seasons. Part II focuses on the 2005 hurricane season and the cumulative effects of both the 2004...
Government Prepares Defense in AIG Bailout Trial
Oct 27 2014 // David Boies spent much of the past month interrogating the architects of the 2008 Wall Street bailout, making the case that the U.S. cheated American International Group Inc. shareholders of at least $25 billion partly for...
Technology Firms Having Success Against ‘Patent Trolls’
Oct 27 2014 // For two decades, companies that buy software patents to sue technology giants have been the scourge of Silicon Valley. Reviled as patent trolls, they have attacked everything from Google’s online ads to Apple’s...
GAO Report Finds SBA Didn’t Meet Timeliness Goal for Sandy Loans
Oct 24 2014 // A new report from the U.S. Government Accountability Office (GAO) has found that following Superstorm Sandy, the U.S. Small Business Administration (SBA) did not meet its timeliness goal for processing business loan...
Chubb Reports ‘Outstanding’ Q3
Oct 24 2014 // Calmer weather, rate increases, high account retention and lower expenses powered The Chubb Corp. to a what the firm’s CEO said was an “outstanding” third quarter. The New Jersey-based insurer reported...
U.S., EU Urge More Policy Guidance, Specifics in UN Climate Report
Oct 24 2014 // The U.S. and European Union are pushing for a stronger explanation about the dangers of climate change and the consequences of failing to stem fossil-fuel emissions in the UN’s most extensive report on global...
CDC ‘Go’ Team Sprints to New York as City Faces First Ebola Case
Oct 23 2014 // Start packing for New York, the “go” team from the U.S. Centers for Disease Control and Prevention was told. A doctor there was back from a West African hot zone with Ebola-like symptoms. The disease experts...
Judge Questions NCAA’s $75 Million Concussion Settlement
Oct 23 2014 // The National Collegiate Athletic Association’s bid for preliminary approval of its proposed $75 million plan to settle nationwide litigation over head injuries met with skepticism from a federal judge. The agreement...
Florida Is Hot Spot for Luxury Car Theft
Oct 23 2014 // Drivers of luxury vehicles in Florida should watch out. Their cars are the least likely in the U.S. to be returned if stolen. More than 25 percent of luxury cars taken from the beginning of 2010 through 2013 were never...
NHTSA Apologizes for Troubled Website, Bulletin on Airbag Defects
Oct 23 2014 // The National Highway Traffic Safety Administration botched its effort to inform the public about a potentially lethal air-bag defect, directing 8 million consumers to an inoperable website and leaving millions of others...
Nissan Expands Global Recall by 260,000 Vehicles
Oct 23 2014 // Nissan Motor Co. expanded a global recall of cars using Takata Corp.-made air bags, which have been linked to four deaths in Honda Motor Co. cars. Nissan will call back 260,000 vehicles worldwide, including 104,905 units...
Some Insurers Exclude Ebola; Others Offer New Products
Oct 23 2014 // As fear of Ebola infections spreads to developed economies, U.S. and British insurance companies have begun writing Ebola exclusions into standard policies to cover hospitals, event organizers and other businesses...
Climate Change Report Slams Insurers for ‘Profound Lack of Preparedness’
Oct 22 2014 // A report on the insurance industry released Wednesday shows “a profound lack of preparedness in addressing climate-related risks and opportunities.” Insurance industry representatives immediately criticized the...
New York Says It’s Ready for Ebola, but Many Health Workers Aren’t So Sure
Oct 22 2014 // Millicent Gist, a receptionist at Montefiore Medical Center in the Bronx, was surprised to hear her facility was an officially designated hospital for people suspected of having Ebola in New York City. That’s...
