Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
BP Challenges ‘Absurd’ Oil Spill Claims
Mar 18 2013 // BP launched its promised appeal against “fictitious” and “absurd” oil spill compensation payouts on Friday and asked a judge to temporarily halt those made on a so-called business economic loss...
Report: Japan PM Abe’s Pacific Trade Pact Gambit Pays Off, for Now
Mar 18 2013 // Japan’s Prime Minister Shinzo Abe’s first politically risky step of declaring the country’s intent to join talks on a U.S.-led Pacific Rim free trade pact appears to be paying off as his record high...
RAA: U.S. Reinsurers Had Higher Profits, Improved Underwriting Results in 2012
Mar 15 2013 // The Reinsurance Association of America (RAA) said a group of 19 U.S.-based property/casualty reinsurers reported higher net written premiums and net income for 2012 compared to 2011. The RAA said Thursday that a survey of...
Credit Suisse to Pay $400 Million to Settle U.S. Bond Lawsuits
Mar 15 2013 // Credit Suisse Group AG has agreed to pay at least $400 million to settle lawsuits by investors over the Swiss bank’s role in raising money for a healthcare financing company that collapsed in a $2.9 billion fraud...
Washington Could Take Over More State Health Exchanges
Mar 15 2013 // The U.S. government could have to run more state health insurance exchanges than expected under President Barack Obama’s healthcare law, if U.S. states pursuing their own marketplaces cannot complete them on time, a...
Sirius XM Sues D&O Insurers, Seeks to Recoup Post-Merger Defense Costs
Mar 14 2013 // New York-based satellite radio services company Sirius XM Radio Inc. filed a lawsuit against two directors and officers insurers last week. Sirius XM alleges XL Specialty Insurance Co. and U.S. Specialty Insurance...
U.S. Welcomes China Talks on Cyber Security
Mar 14 2013 // The White House on Wednesday welcomed China’s willingness to hold talks with Washington about cyber security threats, amid growing U.S. concerns about hacking attacks emanating from China. U.S. National Security...
CEOs Urge Federal Government to Go ‘Light’ on Cyber Security
Mar 14 2013 // Corporate leaders from the defense, technology, energy and banking industries told President Barack Obama on Wednesday they agreed cyber attacks were a top security threat but that they were looking for a “light...
National Weather Service Chief Focused on Improving Forecasting
Mar 14 2013 // Computing power gives Europeans a commanding advantage when it comes to weather forecasting and storm tracking, but the new head of the National Weather Service hopes to see the United States regain its leadership in that...
Insurance Weighs in on Working from Home
Mar 13 2013 // Working from home has become a hot topic following Yahoo Inc. CEO Marissa Mayer’s announced plans in late February to bring telecommuters back into the office, and the issue is being taken up by some insurance firms,...
Recent Storms Ease Drought in Middle of United States
Mar 13 2013 // Recent rain and snowstorms have eased the grip of the worst U.S. drought in decades in portions of the nation’s midsection, swelling some major inland rivers to near flood stage and drenching some farmland enough to...
President Obama Meeting with CEOs Over Increasing Cyber Threats
Mar 13 2013 // Cyber security threats against the United States are growing, President Barack Obama said before a meeting on Wednesday with corporate leaders about the issue, as concerns rise about hacking attacks emanating from...
Feds Bust $100M North Carolina Crop Insurance Fraud Scheme
Mar 13 2013 // Federal investigators have unraveled a massive scheme among dozens of insurance agents, claims adjusters, brokers and farmers in eastern North Carolina to steal at least $100 million from the government-backed program that...
Greenberg Doubles Claims in AIG Bailout Suit vs. U.S. to $55 Billion
Mar 12 2013 // Maurice “Hank” Greenberg, the former American International Group Inc. chief executive, has more than doubled the size of his class action lawsuit against the United States over the insurer’s bailout to...
Iran’s March Crude Exports Fall to Lowest Since Sanctions Began
Mar 12 2013 // Iran’s crude oil exports in March may plunge by a quarter from a month earlier to the lowest since tight Western sanctions came into effect in 2012, industry sources said, squeezing income for Tehran as sanctions...
AIG Shareholders Gain Class Action Status in Greenberg’s Bailout Suit
Mar 12 2013 // Two groups of American International Group Inc. shareholders won class-action status from a federal judge on Monday in a $25 billion lawsuit by former Chief Executive Maurice “Hank” Greenberg over alleged...
Scientists Criticize Nuclear Plants Over Safety
Mar 11 2013 // More than one-third of U.S. nuclear power plants suffered safety-related incidents over the past three years, and nuclear regulators and plant operators need to improve inspections to prevent such events, the Union of...
People – West
Mar 11 2013 // Walnut Creek, Calif.-based CSE Insurance Group President and CEO Pierre Bize announced he will be transitioning out of his current role at the company at the end of 2013. The move comes after 19 years at the helm of CSE....
Industry Predictions
Mar 11 2013 // San Diego, Calif.-based Mitchell, a provider of technology and information to the property/casualty claims and collision repair industries, recently released its predictions for trends related to cloud computing and big...
AIG Ends U.S. Government Interest with Warrant Buyback
Mar 11 2013 // Insurer American International Group Inc. eliminated the U.S. government’s last financial interest in the company on March 1, buying back warrants from the U.S. Treasury for about $25 million. The government rescued...
