Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Insurance Capacity for Oil & Gas Is Plentiful but Contract Wording May Be Tricky
Jun 16 2014 // The insurance capacity is there to cover the risks associated with the current oil and gas boom in Texas and the nation, experts say, but agents and their customers should be vigilant in their efforts to understand the...
Amazon Workplace Faces Safety Scrutiny After 2 Deaths
Jun 16 2014 // Amazon.com Inc.’s labor issues are growing at its sprawling network of fulfillment centers, where it ships everything from books to big-screen televisions. The U.S. Department of Labor said last week that it’s...
Judge Sets May 2015 Date for BP Investors’ Suit Over Oil Spill
Jun 16 2014 // A U.S. judge set a May 2015 trial date on Friday for BP Plc to face claims in a lawsuit accusing the company of misleading investors about the severity of the 2010 Gulf of Mexico oil spill. U.S. District Judge Keith...
Best Affirms Wind River Re/Global Indemnity and Subs Ratings
Jun 16 2014 // A.M. Best has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Bermuda-based Wind River Reinsurance Company, Ltd. and its U.S....
BP, Andarko Must Face Fines for Gulf Oil Spill
Jun 16 2014 // A U.S. appeals court on June 4 said BP Plc and Anadarko Petroleum Corp must face penalties under federal pollution laws in connection with the 2010 Gulf of Mexico oil spill, which could expose the companies to billions of...
Supreme Court Declines to Halt BP Spill Payments
Jun 16 2014 // The U.S. Supreme Court on June 9 declined to block payments BP PLC is required to make to businesses demanding compensation for the 2010 Gulf of Mexico oil spill as the company fights a lower court ruling. The high court...
Court Rules Searchable Database Is ‘Fair Use’ of Copyrighted Books
Jun 15 2014 // Universities and research libraries that created a searchable online database for millions of books did not violate copyright protections belonging to authors whose works were scanned, a U.S. appeals court ruled last...
Indiana Police Using Water-Based Chemical to Fight Theft
Jun 13 2014 // A northwestern Indiana police department is one of the first law enforcement agencies in the country to distribute a theft-deterring chemical that leaves DNA-like “signatures” on property and those who attempt...
Armstrong Questioned Under Oath in Case Brought by Dallas Insurer
Jun 13 2014 // Lance Armstrong, stripped of seven Tour de France victories and banned from professional cycling in 2012, was questioned under oath for the first time since he admitted doping in an Oprah Winfrey interview last...
On the Road: Are America’s Guardrails Dangerous?
Jun 13 2014 // Before dawn on Feb. 23, Darius Williams ran his Nissan Sentra off a North Carolina interstate at 80 miles per hour. A length of guardrail pierced his door, according to the police report, driving the 24-year-old’s...
Ratings Roundup: Toa Re, GeoVera, Argus Group
Jun 13 2014 // A.M. Best has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit ratings of “aa-” of The Toa Reinsurance Company Limited, based in Japan, and its subsidiary, The Toa...
BP Engineer Gets New Trial Over Oil Spill Evidence
Jun 13 2014 // A former BP Plc senior engineer found guilty last year of destroying evidence related to the 2010 Gulf of Mexico oil spill was granted a new trial based on his claim of juror misconduct during deliberations. Kurt Mix was...
Stakes for P/C Insurers ‘High’ If Congress Shifts TRIA Burden: Moody’s
Jun 11 2014 // If Congress acts to extend the federal government backstop for terrorism insurance, the new version will likely impose higher deductibles and risk retentions on U.S. property/casualty insurers, says Moody’s Investors...
Businesses Lobby Delaware to Keep ‘Loser Pays’ Option in Shareholder Suits
Jun 11 2014 // Big business is lobbying Delaware lawmakers for corporate bylaws to shift legal fees to shareholders who sue and lose, which legal experts say could curtail a booming type of investor class actions. An affiliate of the...
Under New CEO Hancock, Smaller AIG Expected to Focus on Growth
Jun 11 2014 // American International Group Inc. promoted Peter Hancock to chief executive officer as the company focuses on growth after his predecessor stabilized the insurer and paid back a 2008 government bailout. Hancock, 55,...
In Search of the Best Defense Against Corporate Cyber Crime
Jun 11 2014 // With hackers stealing tens of millions of customer details in recent months, firms across the globe are ratcheting up IT security and nervously wondering which of them is next. The reality, cyber security experts say, is...
Wal-Mart Trucker Had Not Slept in 24 Hours Before N.J. Morgan Crash: Complaint
Jun 10 2014 // A Wal-Mart Stores Inc. truck driver went at least 24 hours without sleep before his tractor-trailer crashed into a limousine, critically injuring actor-comedian Tracy Morgan and killing another entertainer, according to a...
Federal Appeals Court Rules Bonus Payout for WTC Site Workers Premature
Jun 9 2014 // A judge acted prematurely in awarding a $55 million bonus payment to thousands of rescue and cleanup workers at the World Trade Center site who settled lawsuits against New York City over damage to their health, a federal...
Supreme Court Denies BP Bid to Halt Claim Payments
Jun 9 2014 // The U.S. Supreme Court on Monday declined to block payments BP PLC is required to make to businesses demanding compensation for the 2010 Gulf of Mexico oil spill as the company fights a lower court ruling. The high court...
Cyber Theft, Already a $445 Billion Business, to Grow Bigger
Jun 9 2014 // Cybercrime remains a growth industry. That’s the main message from former U.S. intelligence officials, who in a report today outlined scenarios for how $445 billion a year in trade theft due to computer hackers will...
