Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Professional Risk Solutions to Offer Product Liability, Life Sciences Coverages
Apr 19 2013 // Wholesale Brokerage Professional Risk Solutions (PRS) has launched a new venture that extends its offerings to general and product liability coverages, as well as insurance options for the life sciences industry. Through...
U.S., UK Want Financial Services Included as Part of Trade Pact
Apr 19 2013 // The United States and the UK aim to include financial services in a proposed free-trade agreement between Washington and the 27-nation European Union, the British Ambassador to the United States said on Thursday. The...
AIG Wins Bid to Move $10B Bank of America Mortgage Lawsuit
Apr 19 2013 // A federal appeals court ruled in favor of American International Group Inc by concluding that the insurer’s $10 billion lawsuit against Bank of America Corp over mortgage losses belongs in state court, not federal...
Illinois Jury Sides with Johnson & Johnson in Hip Implant Case
Apr 19 2013 // An Illinois jury on Tuesday found in favor of Johnson & Johnson’s DePuy orthopedics unit in a second product liability trial of nearly 11,000 lawsuits over the company’s recalled ASR metal hip implant. The...
Google Again Beats Viacom in YouTube Copyright Case
Apr 19 2013 // A federal judge has thrown out Viacom Inc.’s lawsuit accusing Google Inc. of posting its programs on YouTube without permission, a year after a federal appeals court had revived the landmark copyright infringement...
BofA CEO Moynihan, Ex-CEO Lewis Facing Mortgage Disclosures Suit
Apr 18 2013 // A federal judge has revived a securities fraud lawsuit accusing Bank of America Corp. Chief Executive Brian Moynihan, his predecessor Kenneth Lewis, and others of misleading shareholders about the risk the bank might have...
N.Y. Reaches Settlement With QBE Over ‘Force-Placed’ Insurance Business
Apr 18 2013 // New York officials announced this morning that a New York State Department of Financial Services (DFS) investigation produced an additional settlement with a major “force-placed” or “lender-placed”...
Senate Democrat Criticizes Healthcare Law Education; Sebelius Cites Lack of Funding
Apr 18 2013 // A Democratic senator who helped craft President Barack Obama’s signature healthcare law gave the administration “a failing grade” on Wednesday for its efforts to educate the public and small employers...
Aon Benfield ILS Report Notes Cat Bond Investor Returns Double
Apr 18 2013 // Aon Benfield Securities Insurance-Linked Securities First Quarter Update 2013 has concluded that “for the annual period ending March 31, investment returns for the Aon Benfield All Bond index had reached 12.69...
Sources Say China Revamps Anti-Money Laundering Rules for Banks Insurers
Apr 18 2013 // Chinese banks must rate their clients’ risk of criminal conduct on a scale of 1-5 as part of the central bank’s moves to curb money laundering and fraudulent transactions estimated at hundreds of billions of...
Risk Retention Association Hails Court Ruling in Nevada Battle
Apr 17 2013 // In a decision the National Risk Retention Association says will help clear any future hurdles faced by risk retention groups in other states, the Ninth Circuit Court of Appeals affirmed a District Court ruling that the...
Boston Marathon Bombings Suspect Identified: Reports
Apr 17 2013 // Investigators believe they have identified a suspect in the Boston Marathon bombing from security video and an official statement was expected later in the day, a U.S. law enforcement source said on Wednesday. However, no...
Supreme Court: U.S. Courts Lack Jurisdiction to Hear Foreign Human Rights Claims
Apr 17 2013 // The U.S. Supreme Court ruled on Wednesday that federal courts do not have jurisdiction to hear lawsuits against foreign corporations accused of aiding in human rights abuses abroad. In one of its biggest human rights cases...
Drought Poses Challenges New Mexico Chile Growers
Apr 16 2013 // The worst-ever Rio Grande drought is posing plenty of challenges this season for chile growers in New Mexico. The Las Cruces Sun-News reported that one challenge is groundwater that’s applied to crops in the absence...
‘Sandy’ Officially Retired from List of Atlantic Storm Names
Apr 16 2013 // “Sandy has been retired from the official list of Atlantic Basin tropical cyclone names by the World Meteorological Organization’s hurricane committee because of the extreme impacts it caused from Jamaica and...
Former NFL Player Charged With Insurance Fraud in California
Apr 15 2013 // A former National Football League linebacker is facing charges for what prosecutors say was a $1.5 million scheme to defraud a Sacramento insurance company. The U.S. attorney’s office said Friday that 42-year-old...
Supreme Court Will Not Hear Drugmaker’s Appeal of Insurer’s Medicare Reimbursement Claim
Apr 15 2013 // The U.S. Supreme Court on Monday declined to consider whether private insurers can sue giant drugmaker GlaxoSmithKline Plc over health costs incurred by its Avandia diabetes drug. Humana Inc.’s Humana Medical Plans...
Supreme Court Asked to Decide If Human Genes Are Patentable
Apr 15 2013 // Soon after learning that his son had autism, Hollywood producer Jon Shestack (“Air Force One”) tried to get researchers investigating the genetic causes of the disorder to pool their DNA samples, the better to...
Bankrupt Meningitis Pharmacy Battles States Over Insurance
Apr 15 2013 // The bankruptcy estate of the pharmacy linked to a deadly U.S. meningitis outbreak plans to battle nearly 30 states to preserve its right to redeem several million dollars worth of insurance policies for creditors. The...
Report: U.S. Making Progress Against ‘Too-Big-to-Fail’ Bailouts
Apr 15 2013 // For the past year, a special team of U.S. bank regulators has been on a quiet mission to end the belief on Wall Street that large banks are “too big to fail.” The team from the Federal Deposit Insurance Corp....
