Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
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....
U.S. Risk Acquires Texas Brokers’ Staffing/Employee Leasing Business
Apr 12 2013 // Dallas-based U.S. Risk Insurance Group Inc. announced it has acquired the renewal rights to the book of staffing and employee leasing accounts of CIC Insurance Brokers LLC, based in Abilene, Texas. This business will be...
Japan, U.S. Agree on Tokyo Joining Trans-Pacific Trade Talks
Apr 12 2013 // Japan and the United States have agreed on a deal to allow Tokyo to join talks on a U.S.-led Asia-Pacific free trade pact that Prime Minister Shinzo Abe is making a keystone of his strategy to open Japan’s economy...
Class Action Suits Against Accountants Declined in 2012
Apr 12 2013 // Fewer class-action lawsuits alleging accounting improprieties were filed last year in the United States, but those that were settled in 2012 carried a higher price tag, according to a study from Cornerstone Research. As...
PCI Urges Progress on U.S.-EU Trade Pact for Trans-Atlantic Insurance Market
Apr 12 2013 // The Property Casualty Insurers Association of America (PCI) has issued a statement urging negotiators to make progress on enhancing the proposed U.S.-EU Trade agreement to include mutual recognition of the U.S. and EU...
Nevada Jury Orders HMO To Pay $500M In Hepatitis Case
Apr 11 2013 // A Nevada jury has ordered the state’s largest health management organization to pay $500 million in punitive damages to three plaintiffs in a civil negligence lawsuit stemming from a Las Vegas hepatitis outbreak. Two...
U.S. Chamber Joins Partners to Support Transatlantic Trade Agreement
Apr 11 2013 // The U.S. Chamber of Commerce said it has “joined with its partners in the Business Coalition for Transatlantic Trade (BCTT) and leaders in government from both the U.S. and EU for an event to formally launch the...
Protective Life to Buy AXA’s U.S. Life Insurance Unit for $1.06 Billion
Apr 11 2013 // Protective Life Corp said it will buy Mony Life Insurance Company from parent AXA SA for $1.06 billion to access its portfolio of life insurance policies. Protective Life sees the deal adding between $0.10 and $0.15 to its...
2013 Hurricane Prediction: 72% Chance on East Coast; 48% for Florida
Apr 10 2013 // The Colorado State University team is predicting an above-average 2013 Atlantic basin hurricane season with 18 named storms and a 72 percent chance one will make landfall somewhere along the entire Eastern seaboard. Nine...
Aspen US Forms New Marine, Energy, Construction Unit
Apr 10 2013 // Aspen Insurance, the insurance segment of Aspen Insurance Holdings Ltd., has formed a specialty marine, energy and construction unit within its US Insurance business, led by Anthony S. Carroll who has been named executive...
Best Affirms Aegon’s U.S. and Canadian Subs Ratings; Outlook Stable
Apr 10 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of the U.S. life/health subsidiaries of the Netherlands Aegon N.V....
U.S. Aims to Reshape World Trade Rules with Regional Pacts Says VP Biden
Apr 10 2013 // The United States hopes to use a proposed regional free trade agreement in the Asia-Pacific and another with the European Union to reshape global rules for trade, Vice President Joe Biden said on Friday. “Our goal is...
U.S. Business Groups Concerned by Cyber Security Law Aimed at China
Apr 10 2013 // The U.S.-China Business Council on Monday criticized a new U.S. law aimed at thwarting cyber attacks by discouraging the Justice Department and several other government agencies from buying information technology systems...
New Willis Unit to Help Clients Meet Women, Minority Business Requirements
Apr 10 2013 // Willis has started a new practice group called Willis Open to help public entities and corporate businesses build alliances with minority-owned business enterprises (MBE) and women-owned business enterprises (WBE). The...
New Hampshire Jury Finds Exxon Mobil Liable for $236.4M in U.S. Pollution Suit
Apr 9 2013 // A New Hampshire jury on Tuesday found Exxon Mobil Corp liable for $236.4 million in a civil lawsuit that charged the oil company had polluted groundwater in the state with a gasoline additive used to reduce smog in the...
Bond Insurer’s Settlement with IRS Puts It on Track to Emerge from Bankruptcy
Apr 9 2013 // Ambac Financial Group Inc. on Monday said it has reached a $101.9 million settlement of a dispute with the Internal Revenue Service, a key step in the bond insurer’s effort to emerge from bankruptcy. The settlement...
Pension Funds Looking for Higher Yields from Cat Bonds
Apr 9 2013 // Pension funds are turning to specialist bonds that bet on the likelihood of a natural disaster, in a search for yield and returns that are not correlated to the rest of the market. What was once considered an exotic...
