Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Vermont Rebuts U.S. House Panel on Health Exchange
Jul 19 2013 // The state of Vermont is telling a U.S. House panel that it has every right to set up a state health insurance marketplace and require individuals and small businesses to purchase coverage through it. State officials wrote...
Sinking Sections of New Orleans Levee Prompt Repair
Jul 18 2013 // The Army Corps of Engineers is spending $1.3 million to raise about 4,000 feet of earthen levee in easternmost New Orleans that has subsided so low it wouldn’t be able to withstand a storm surge caused by a so-called...
Berkley Life Sciences Now Lloyd’s Coverholder for U.S. Business
Jul 18 2013 // Berkley Life Sciences, a global life sciences underwriter, has been accredited as a Coverholder, in conjunction with Berkley Global Underwriters, LLC, on behalf of Lloyd’s of London. As a Coverholder, Berkley Life...
Allstate Selling Life Business to London Group
Jul 18 2013 // Clive Cowdery, who earned a fortune cutting deals that consolidated the U.K. life insurance industry, is making a foray into the U.S. by buying a business from Allstate Corp. for $600 million (394 million...
India Grants 3 Month Extension to Iranian Underwriters for Non-Oil Shipments
Jul 18 2013 // India has extended a temporary approval to Iranian underwriters Kish P&I Club and Moallem Insurance Co for covering container and tanker vessels calling at Indian ports, in a move that should clear a backlog of...
BP Sets up Anti-Fraud Hotline for Spill Claims
Jul 17 2013 // BP has set up a hotline for people to report alleged fraud involving claims arising from the company’s massive 2010 oil spill in the Gulf of Mexico. The July 15 launch of the hotline comes a week after a federal...
Treasury Secretary Lew Urges Congress Not to Change Dodd-Frank Reforms
Jul 17 2013 // U.S. Treasury Secretary Jacob J. Lew said he is “stepping on the accelerator” to implement the Dodd-Frank Act and warned lawmakers against trying to change the financial rules overhaul. “Members of...
U.S., China Agree to Restart Investment Treaty Talks
Jul 17 2013 // The United States and China have agreed to restart stalled negotiations on an investment treaty, with Beijing dropping previous efforts to protect certain sectors of its economy from the start. The agreement to resume...
Greenberg Lawyers Say Bernanke Testimony Key to Suit Over AIG Bailout
Jul 17 2013 // U.S. Federal Reserve Chairman Ben Bernanke should be required to testify in Maurice “Hank” Greenberg’s lawsuit over the bailout of American International Group Inc., Greenberg’s lawyers...
New York Judge to Rule If WTC Developer Can Seek Damages From Airlines
Jul 16 2013 // A federal judge is days away from deciding if New York developer Larry Silverstein can recover as much as $3.5 billion from airlines for damages to the World Trade Center on Sept. 11, 2001, on top of more than $4 billion...
BP Gulf Oil Victims Challenge Economic Damages Claim Settlements
Jul 16 2013 // BP Plc’s $8.2 billion settlement of most private economic-damage claims from the 2010 Gulf of Mexico oil spill is unfair and should be rejected, victims opposed to the deal told a federal appeals court. The agreement...
Battery in Honeywell Locator May Have Caused 787 Fire: Source
Jul 16 2013 // Investigators are looking into whether a fire on a Boeing Dreamliner in London last week was caused by the battery of an emergency locator transmitter built by Honeywell International Inc, according to a source familiar...
Surge in Brain Trauma Among Young Athletes Spurs Call for Action
Jul 16 2013 // A surge in sports-related brain injuries among the youth is pushing U.S. health officials to call for public policy changes after similar safety efforts helped reduce head-trauma deaths from motor vehicle accidents. A 40...
ACE Expands Catastrophe Capacity in North America
Jul 15 2013 // The ACE Group has increased catastrophe limits to $30 million across all its North American retail and wholesale broker-distributed commercial property lines of business. This capacity will be offered through ACE’s...
Fast-Growing Craft Brewers Slow to Adopt Workplace Safety
Jul 15 2013 // Welder Mark Moynihan crawled down a narrow tube into a space the size of a car interior to seal the crack in the fermentation tank at Calhoun’s Bar-B-Q & Brewery in Knoxville, Tennessee. The space was...
Some Victims Appeal Medical Benefits in BP Oil Spill Settlement as ‘Unfair’
Jul 12 2013 // The medical benefits portion of BP Plc’s settlement over the 2010 Gulf of Mexico oil spill is “substantively unfair” and approval of the accord should be reversed, lawyers opposing the agreement told an...
House Passes Republican Farm Bill Without Food Stamps
Jul 11 2013 // House Republicans passed a five-year U.S. farm-policy bill that retains subsidies to farmers and strips out food-stamp spending, costing it Democratic support. The plan was approved today 216-208, with no Democrats in...
Progressive Premium Revenue Climbs, Profit More Than Doubles
Jul 11 2013 // Progressive Corp., the fourth- largest U.S. auto insurer, said profit more than doubled as premium revenue climbed after the company raised rates for coverage. But the insurer declined in New York trading as the results...
Top 10 U.S. Aircraft Insurers: SNL
Jul 11 2013 // American International Group Inc. (AIG) has been reported to be the lead insurer for the recent Asiana Flight 214 tragedy in San Francisco. AIG’s role is not surprising, given its presence in Asia and focus on the...
Europe’s Floods Top Aon Benfield’s List of June’s Catastrophes
Jul 11 2013 // The latest report from Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, which reviews the natural disasters that occurred worldwide during June 2013, highlights the $22 billion in...
