Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Allied World, Alteris Launch WineryPlus Program
Dec 13 2012 // Allied World U.S. and Alteris Insurance Services, Inc. have entered into an agreement to provide a coverage program to wineries in the United States. The program will be available to wineries of all sizes throughout the...
Report Shows Increasing Concentrations of Insured Property Values in U.S.
Dec 13 2012 // Insured building values in the U.S. now exceed $40 trillion — including residential, commercial and industrial structures, according to a new report from catastrophe modeling firm Karen Clark & Co. When contents...
Only 15 States Plan to Operate Own Health Insurance Exchanges
Dec 13 2012 // Only 15 U.S. states plan to operate health insurance exchanges under President Barack Obama’s reform law, leaving Washington with the daunting prospect of creating and operating the new online marketplaces in at...
Commentary: AIG ‘Profits’ an Insult to the Concept
Dec 13 2012 // To say taxpayers made money from their investment in AIG is to libel the very concept of profit. Come to think of it, it may well be a gross insult to the idea of investment too. The Treasury Department announced on...
States Plan to Sue EPA Over Greenhouse Gas Regulations
Dec 12 2012 // A coalition of seven eastern states led by New York plans to sue the U.S. Environmental Protection Agency for failing to issue new guidelines to curb methane emissions, a greenhouse gas that may be linked to climate...
Best Sees No Change in AIG’s Ratings from U.S. Treasury Share Sale, ILFC Deal
Dec 12 2012 // A.M. Best Co. has commented that the issuer credit rating of “bbb” of American International Group is unchanged following the announcement of the U.S. Treasury’s plan to sell its remaining holdings of...
U.S. SEC Charges N.J.-based Consultant with Fraud in Chinese Reverse Mergers
Dec 12 2012 // U.S. securities regulators charged a New Jersey-based consultant on Tuesday with defrauding investors in the China-based companies he helped make public through a backdoor method known as a “reverse...
U.S. Trade Rep Optimistic Trans-Pacific Talks Can Finish in 2013
Dec 12 2012 // U.S. Trade Representative Ron Kirk said on Tuesday that he was optimistic a deal could be reached in Asia Pacific free-trade talks in 2013, even though tough issues remain. “It’s a negotiation. It will be very...
Nevin Appointed President of United States Surety
Dec 12 2012 // HCC Insurance Holdings Inc., headquartered in Houston, has appointed Carol T. Nevin as president of United States Surety Co. (USSC), a member of the HCC Surety Group, effective Jan. 1, 2013. She will report to Adam S....
Senate Debates Renewal of Federal Deposit Insurance But House May Balk
Dec 11 2012 // The U.S. Senate voted on Tuesday to begin debating a bill that would keep a financial crisis-era deposit insurance program in place for two more years, but it will likely face strong opposition from the...
Government to See $23 Billion Total Profit on AIG Bailout
Dec 11 2012 // The U.S. Treasury’s sale of its remaining stake in American International Group Inc. will fetch $7.6 billion, bringing the government a total profit of $22.7 billion from its crisis-era bailout of the insurer. The...
HSBC to Pay Record $1.9 Billion U.S. Fine to Settle Money Laundering Case
Dec 11 2012 // HSBC Holdings Plc has agreed to pay $1.92 billion to settle a multi-year U.S. criminal probe into money-laundering lapses at the British lender, the largest penalty ever paid by a bank. HSBC admitted to a breakdown of...
Timeline of U.S. Government’s Rescue, Sale of AIG
Dec 10 2012 // The U.S. Treasury said on Monday it would sell the last of its remaining AIG shares, rounding off a $182 billion bailout that began during the financial crisis. Following is a timeline of key events in the history of...
Treasury Selling All of Its Remaining AIG Common Stock
Dec 10 2012 // The U.S. Treasury is selling its remaining stake in insurer American International Group Inc., bringing an end to government ownership of the company about four years after a $182 billion bailout. The sale will close the...
Commercial Insurers Continue Raising Rates, Improve Loss Ratios: Towers Watson
Dec 10 2012 // Commercial insurance prices in aggregate increased by six percent during the third quarter of 2012, the seventh consecutive quarter that aggregate prices for all commercial lines rose. The latest Commercial Lines Insurance...
AIG’s $4.8 Billion Sale of Aircraft Unit to Chinese Group Faces U.S. Security Review
Dec 10 2012 // American International Group Inc. is to sell nearly all of ILFC , the world’s second-largest airplane leasing business, to a Chinese consortium for up to $4.8 billion, giving the fastest growing aviation market...
U.S. Transportation Department Proposes Black Boxes in All Cars
Dec 10 2012 // Devices that record crash-related data would be required in all new cars and light trucks under a U.S. Department of Transportation proposal made on Friday to broaden their growing use in the United States. The proposed...
Despair after Climate Conference Inaction, but UN Still Offers Hope
Dec 10 2012 // At the end of another lavishly-funded U.N. conference that yielded no progress on curbing greenhouse emissions, many of those most concerned about climate change are close to despair. As thousands of delegates checked out...
UPDATE: Chinese Group to Buy AIG’s Plane Leasing Unit for up to $4.8 Billion
Dec 10 2012 // American International Group has agreed to sell nearly all of ILFC , the world’s second-largest airplane leasing business, to a Chinese consortium for up to $4.8 billion, giving the fastest growing aviation market...
Time Running Out for Senate on Farm, Crop Insurance Bill
Dec 7 2012 // With a week left to act, agricultural leaders in Congress are still deadlocked on two major issues for a new U.S. farm bill, cuts in crop subsidies and reductions in food stamps, said two of the four key negotiators on...
