Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Report: Russian Hackers Attack 5 Big Banks, Steal Customer Data
Aug 28 2014 // Russian hackers attacked JPMorgan Chase & Co. and at least four other banks this month in a coordinated assault that resulted in the loss of gigabytes of customer data, according to two people familiar with the...
Advice to Bankrupt MF Global Could Cost Accounting Firm $1 Billion
Aug 28 2014 // A federal judge on Wednesday ordered PricewaterhouseCoopers to face a $1 billion lawsuit claiming that its bad accounting advice was a substantial cause of the October 2011 bankruptcy of MF Global Holdings Ltd., a...
Soccer Moms, Players Sue FIFA Over Concussions
Aug 28 2014 // FIFA, soccer’s international governing body, was sued by soccer moms and players who claim the organization failed to adopt effective guidelines for dealing with concussions as more evidence links brain injuries to...
Travelers Insurance Off Hook for $30M Trademark Claim: Court
Aug 28 2014 // Travelers Companies Inc.’s U.S. Fidelity & Guaranty doesn’t have to pay a $30 million judgment in a trademark infringement case against one of its insureds. The insurance company filed suit in federal court...
MAPFRE Enters Life Insurance Market in Massachusetts
Aug 27 2014 // MAPFRE U.S.A. said it has begun selling a term life insurance product in Massachusetts, where MAPFRE’s affiliate Commerce Insurance Company is the largest auto and home insurance carrier. MAPFRE said it is seeking to...
U.S. Home Construction Jumps 15.7% in July
Aug 27 2014 // U.S. home construction rebounded in July, rising to the fastest pace in eight months and offering hope that housing has regained momentum after two months of declines. Construction increased 15.7 percent in July to a...
U.S. Loses Bid to Dismiss $25B Lawsuit Over AIG Bailout
Aug 27 2014 // A federal judge has rejected the United States’ bid to dismiss a more than $25 billion lawsuit filed by Maurice “Hank” Greenberg, the former chief executive of American International Group Inc., over the...
Hurricane Cristobal to Pass North of Bermuda; No Threat to U.S.
Aug 27 2014 // The most recent report from the National Hurricane Center in Miami, at 5:00 A.M. EDT, notes that Cristobal is now hurricane strength with maximum sustained winds of 80 mph – 130 km/h, and “some strengthening is...
Swiss Re sigma Report Estimates 1st Half 2014 Insured Losses at $21 Billion
Aug 27 2014 // According to preliminary estimates in a sigma report from Swiss Re, total economic losses from natural catastrophes and man-made disasters reached $44 billion in the first half of 2014. The global insurance industry...
Desert, Central California Cities Have State’s Best Drivers: Report
Aug 26 2014 // Slow-paced, sprawling Visalia ranks first in California and seventh nationally as safest among the 200 largest U.S. cities in terms of car collision frequency. Allstate Insurance Co. on Tuesday released its 10th annual...
Boston Is Tops When It Comes to Risky Drivers: Study
Aug 26 2014 // Drivers in Boston and Worcester, Massachusetts, are the most accident-prone in the U.S., landing at the bottom of an annual ranking of the nation’s 200 biggest urban areas by Allstate Corp. Worcester’s drivers...
U.S. Retailers Warned About Hacking Software
Aug 25 2014 // More than 1,000 U.S. retailers could be infected with malicious software lurking in their cash register computers, allowing hackers to steal customer financial data, the Homeland Security Department said Friday. The...
TS Cristobal – Season’s 3rd Storm – Triggers Caribbean Warnings; No U.S. Threat
Aug 25 2014 // The National Hurricane Center in Miami has finally been able to give the third weather disturbance of the current hurricane season a name – Tropical Storm Cristobal. According to the 5:00 A.M. bulletin from the NHC...
Judge Rebukes Whistleblower’s $265B Claim Against BP Over Gulf Safety
Aug 22 2014 // BP Plc won’t face a $256 billion lawsuit brought by a whistleblower who claimed the company’s Atlantis oil production platform in the Gulf of Mexico was unsafe. Kenneth Abbott, a former BP contractor, and Food...
Premium for Most Expensive Car Close to Income for Typical American Family
Aug 21 2014 // A Ferrari 250 GTO Berlinetta last week became easily the most expensive car sold at auction by when a bidder at a California auction agreed to buy it for $38.1 million, according to Hagerty Group LLC, a Traverse City,...
ACE Group Names 3 to High-Net Personal Lines Posts
Aug 21 2014 // ACE Group announced executive appointments in its high net worth personal lines insurance business, ACE Private Risk Services, naming Annmarie Camp as senior vice president, National Sales and Distribution leader, Shannon...
U.S. Attorney: Texas Man Guilty in Auto Insurance Fraud Case
Aug 20 2014 // A 42-year-old Nederland, Texas, man has pleaded guilty to federal violations related to fraudulent insurance claims in the Eastern District of Texas, U.S. Attorney John M. Bales announced. Antonio Govea Figueroa pleaded...
Texas Woman Pleads Guilty to Crash Staging Scheme
Aug 20 2014 // A 32-year-old Port Arthur, Texas, woman has pleaded guilty in a case involving staged auto crashes and fraudulent insurance claims, according to U.S. Attorney John M. Bales for the Eastern District of Texas. Shawnta Rene...
No Protection for Foreign Whistleblowers at Overseas Firms: Court
Aug 20 2014 // Foreign whistleblowers who work for overseas companies can’t be protected from retaliatory firings for disclosing conduct that happens abroad, a federal appeals court held. The U.S. Court of Appeals in Manhattan...
IAG Posts US$1.467 Billion 2014 Fiscal Year Operating Profit
Aug 20 2014 // Insurance Australia Group Limited (IAG) announced a strong operating performance for the financial year ended June 30, 2014 (FY14), posting an insurance profit of A$1.579 billion [US$1.467 billion] for the year, up 10.6...
