Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Arkansas Doctor Convicted in Bombing Resentenced to Life
May 3 2013 // A resentencing proceeding for a former doctor convicted in the bombing of the leader of the Arkansas Medical Board left him with his original life sentence but afforded his lawyer a chance to again claim his client is...
Endurance Reports $92.1 Million Q1 Net Income; 85% Combined Ratio
May 3 2013 // Bermuda-based Endurance Specialty Holdings Ltd. reported net income available to common shareholders of $92.1 million and $2.13 per diluted common share for the first quarter of 2013, compared to net income of $74.4...
U.S. Presses China to Stop Growing Trade Secret Theft
May 2 2013 // The U.S. Trade Representative’s office criticized China on Wednesday for failing to stop the growing theft of American trade secrets that are the lifeblood of U.S economic might, in the latest sign of...
Top States for Metal Theft Claims
May 1 2013 // Metal theft claims have risen 36 percent in the three years since January, 2010, according to an insurance research organization. The National Insurance Crime Bureau (NICB) said it is seeing more evidence of pervasive...
Contaminated Ground Turkey Found in 21 States: Consumer Reports
May 1 2013 // Dangerous antibiotic-resistant bacteria has been found in ground turkey on U.S. grocery shelves across a variety of brands and stores located in 21 states, according to a report by a consumer watchdog organization. Of the...
Senate Panel to Investigate Texas Fertilizer Plant Explosion
May 1 2013 // U.S. Senator Barbara Boxer said on Tuesday she plans to investigate the explosion at a Texas fertilizer plant earlier this month that killed 15 people and injured scores more. California’s Boxer, the head of the...
Researchers Develop New Metric to Measure Destructive Potential of Hurricanes
May 1 2013 // Researchers at Florida State University have developed a new metric to measure seasonal Atlantic tropical cyclone activity that focuses on the size of storms in addition to the duration and intensity, a measure that may...
Texas Man Arrested, Charged in $3.5M Staged Accident Fraud Scheme
Apr 30 2013 // A Duncanville, Texas, man faces federal charges in an alleged multi-million dollar staged accident fraud scheme. The U.S. Attorney’s Office for the Northern District of Texas reported that Leroy Nelson was arrested...
Experts Weigh Boston Bombings’ Impact on Government-Backed Terrorism Insurance
Apr 30 2013 // The April 15 Boston bombings could have an impact on the efforts to renew the federal government’s terrorism insurance backstop. Some experts say the Boston Marathon tragedy could help the cause of supporters of the...
To Tax or Not to Tax – ‘Foreign’ Reinsurance’ Tax Proposals on the Agenda Again
Apr 29 2013 // “Roundup the usual suspects;” here we go again. No, it’s not an unsolved murder in wartime Casablanca, simply the latest skirmish in the ongoing dispute over whether companies that write reinsurance in...
New York City Sues BP for Pension Losses Over 2010 Gulf Oil Spill
Apr 28 2013 // New York City said on Friday it sued BP Plc for more than $39 million of losses it claims beneficiaries of the city’s pension funds sustained due to BP’s “misconduct and fraudulent behavior” linked...
Moody’s, S&P Settle Negligence Lawsuits Over Debt Vehicle Ratings
Apr 28 2013 // Moody’s Investors Service and Standard & Poor’s on Friday said they have settled two long-running lawsuits seeking to hold them responsible for misleading investors about the safety of risky debt vehicles...
Fireman’s Fund Chief Tackles Sesquicentennial, Market
Apr 26 2013 // Choosing a historic icon that stood after San Francisco’s Great Earthquake and massive fire more than 100 years ago was a deft, almost poetic, public relations concept to celebrate Fireman’s Fund Insurance...
Chubb Q1 Profit Rises 30% to $656M; CEO Says ‘Market Remains Firm’
Apr 26 2013 // Chubb Corp. reported on Thursday $656 million net income for its 2013 first quarter, an increase of 29.6 percent compared to $506 million income reported during the first quarter of 2012. The insurer of businesses and...
Federal Judge Moves S&P Ratings Case Back to State Court
Apr 26 2013 // A federal judge handed a legal defeat to Standard & Poor’s, ruling that a lawsuit in which Connecticut accused it of fraudulently inflating credit ratings to win business should be moved back to the state court...
U.S. Court Rules Artist Richard Prince Didn’t Infringe Photo Copyrights
Apr 26 2013 // In a closely watched case in the art world, American artist Richard Prince won a federal appeals court order Thursday holding that he did not infringe the copyrights of a photographer by incorporating his images into 25...
U.S. P/C Industry 2012 Income $33.5B in Spite of $32B in Cat Losses
Apr 26 2013 // U.S. property/casualty insurers absorbed net insured catastrophe losses of more than $32 billion last year, but still managed to post $33.5 billion in net income in the aggregate—in part because catastrophe losses were...
EU Supports French Demand; Trade Talks with U.S. Should not Cover Culture
Apr 26 2013 // European Union lawmakers have backed French demands to exempt culture from a proposed free-trade pact between Europe and the United States, keeping Paris on side and raising the chances that the talks can start on...
White House Formally Notifies Congress of Japan Free-Trade Talks
Apr 26 2013 // President Barack Obama’s administration on Wednesday notified Congress it will start free-trade talks with Japan, bringing the world’s third-largest economy into U.S.-led negotiations on a regional free-trade...
Defining Terrorism for Policies Not a Simple Task After Boston Tragedy
Apr 25 2013 // There are a number of issues involved in determining whether the Boston bombings tragedy would be considered a terrorist act for insurance purposes such as determining the applicability of terrorism exclusions and...
