Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
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...
Judge Names Lead Plaintiffs in Facebook IPO Claim
Dec 7 2012 // A group of investors including state pension funds in North Carolina and Arkansas will be the lead plaintiffs in securities lawsuits arising out of Facebook Inc.’s $16 billion initial public offering, a U.S. judge...
Liberty International Underwriters Promotes Aggarwal to U.S. Construction Post
Dec 7 2012 // Liberty International Underwriters has promoted Chaman Aggarwal to the newly-created position of senior vice president, USA Construction. In the position, Aggarwal is responsible for LIU’s U.S. construction product...
Marsh Names Sheehan Leader of U.S. Financial Institutions Practice
Dec 7 2012 // Insurance broker Marsh has named Eugene “Tripp” Sheehan, a 19-year veteran of the firm, as U.S. Financial Institutions practice leader. Since joining Marsh in 1993, Sheehan has held a variety of positions...
Aon Benfield’s Monthly Cat Report Highlights UK Floods
Dec 7 2012 // Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, has released its latest edition of its monthly Global...
US Senate OK’s Russia Trade w/ Human Rights Bill; Angry Russian Reaction
Dec 7 2012 // The U.S. Senate on Thursday approved legislation to punish Russian human rights violators as part of a broader bill to expand U.S. trade with Washington’s former Cold War enemy. Passage of the bill, by a 92-4 vote,...
UPDATE: 7.3 Quake off Japan; Tsunami Warnings Cancelled
Dec 7 2012 // News reports are describing an earthquake off the east coast of Japan with a magnitude, estimated by the U.S. Geological Survey, of 7.3. The quake struck approximately 245 kms (153 miles) east-southeast of Kamaishi early...
El Niño Unlikely Before Spring
Dec 6 2012 // The U.S. national weather forecaster said on Thursday the much-feared El Niño weather phenomenon is unlikely to appear before the Northern Hemisphere spring, further reducing the chances of a drought in Asia and flooding...
Ohio Senate Panel Advances Asbestos Lawsuit Bill
Dec 6 2012 // An Ohio Senate committee advanced a bill on Dec. 4 aimed at curbing duplicate lawsuits over on-the-job asbestos exposure in a state with one of the largest backlogs of such cases in the nation. The bill cleared the...
