Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Update: Hurricane Sandy Could Affect 50 Million People on East Coast
Oct 28 2012 // Authorities shut transit systems and ordered some evacuations as tens of millions of people on the East Coast braced on Sunday for Hurricane Sandy, a gigantic storm forecast to deliver battering winds, dangerous flooding...
Update: Hurricane Sandy Death Toll at 41; ‘Super Storm’ Eyes East Coast
Oct 26 2012 // Hurricane Sandy, a late-season Atlantic storm unlike anything seen in more than two decades, slogged slowly toward the U.S. East Coast on Friday after killing at least 41 people as it cut across the Caribbean. Forecasters...
Chubb’s Q3 Profit Jumps 79%; Commercial Renewal Rates Up 8%
Oct 26 2012 // The Chubb Corp. reported $533 million net profit for its third quarter, up 78.8 percent from $298 million reported during the same period one year ago. The quarterly results got a boost from significantly lower catastrophe...
Businesses Call for Controls on Litigation Funding Firms
Oct 26 2012 // A business lobby group has called on the U.S. Congress to regulate companies that provide financing for commercial lawsuits, describing the practice as “coercive enterprise.” The U.S. Chamber of Commerce...
Bank of America Employees Could Face Charges in Mortgage Fraud Case
Oct 26 2012 // Bank of America Corp. employees could face civil fraud charges as part of a federal lawsuit accusing the bank of causing taxpayers more than $1 billion in losses by selling toxic mortgage loans to Fannie Mae and Freddie...
Hurricane Sandy Leaves 21 Dead in Caribbean
Oct 26 2012 // Hurricane Sandy pounded the Bahamas with battering winds and rain on Friday, sweeping over the island chain after killing 21 people across the Caribbean and posing a menacing threat to the U.S. East Coast. Forecasters...
Major Hurricane Sandy -Frankenstorm- Threatens East Coast
Oct 25 2012 // Hurricane Sandy swelled into a major threat to much of the U.S. East Coast on Thursday after lashing Cuba with heavy rains and tree-toppling winds and swirling through the Bahamas, U.S. forecasters said. Strengthening...
ANV Settles in as Lloyd’s MGA, as Capacity and Syndicates Grow
Oct 25 2012 // There are now 78 operating syndicates at Lloyd’s; 88, including Special Purpose and RITC syndicates. Although no new ones have so far joined Lloyd’s this year; three syndicates have transferred ownership:...
Caffeine Levels in Energy Drinks Don’t Always Match Labels: Study
Oct 25 2012 // Energy drinks do not always divulge how much caffeine they contain, and when an amount is listed on a label, it is not always accurate, Consumer Reports magazine has found. According to a study released on Thursday by the...
Will Regulatory Reform Trigger Doomsday for Captives?
Oct 25 2012 // If you’re startled by this headline, you’re not alone. Until recently, the words “reform” and “captive” were rarely used in the same sentence. That’s because captive insurance...
Penn. Regulators Approve Pending Sale of Clal’s U.S. Unit to Berkshire
Oct 24 2012 // The Pennsylvania Insurance Department this week approved the pending deal by Israel’s Clal Insurance Enterprises Holdings to sell its U.S. unit to Berkshire Hathaway Inc.’s National Indemnity Co. The deal to...
U.S. Sues Bank of America Over Alleged ‘Hustle’ Mortgage Fraud
Oct 24 2012 // The United States filed a civil mortgage fraud lawsuit against Bank of America Corp., accusing it of selling thousands of toxic home loans that later defaulted to Fannie Mae and Freddie Mac, leading to more than $1 billion...
ADP Reworks Monthly Private Jobs Report
Oct 24 2012 // A monthly reading of U.S. private sector employment has been revamped to put it more in line with the closely watched government nonfarm payrolls report. Automatic Data Processing said on Wednesday it had made the changes...
FDA Investigating 5 Deaths for Possible Tie to Monster Energy Drink
Oct 23 2012 // The U.S. Food and Drug Administration said on Monday that it is investigating reports of five deaths that may be associated with Monster Beverage Corp.’s namesake energy drink, and the company’s shares fell...
Liberty International Underwriters Expands U.S. Global Crisis Management Unit
Oct 22 2012 // Liberty International Underwriters has set up a Dallas-based operation dedicated to handling Global Crisis Management (GCM) business for the southeastern and southwestern U.S. Led by Tom Dunlap, assistant vice president...
U.S. Trial Set in Chevron Fraud Case Against Ecuador Lawyers
Oct 22 2012 // A U.S. trial has been set for next fall in a Chevron Corp lawsuit that accuses Ecuadorean residents, their lawyers, and advisers of fraud in obtaining a $19 billion pollution award against the U.S. oil company. U.S....
Meningitis Toll Rises; Pharmacy Owners Sued
Oct 22 2012 // Executives at the Boston-area pharmacy whose steroid shots have been linked to a deadly U.S. meningitis outbreak have been sued in a bid to freeze their personal assets, while the death toll in the scandal rose to 21, with...
Rebounding Economy Spurs Growth in Cargo, Supply Chain Risks
Oct 22 2012 // A slow trend toward economic recovery in the U.S. may mean good news/bad news for insurance agents and brokers who handle commercial accounts with cargo and supply chain vulnerabilities. The good news is growth in sales...
Declarations – South Central
Oct 22 2012 // Counterfeit Airbags “Anytime equipment that is critical to protecting drivers and passengers fails to operate properly, it is a serious safety concern.” —U.S. Transportation Secretary Ray LaHood. The National...
Gulf States Pressure Obama Over BP Funds
Oct 22 2012 // Senators from the U.S. Gulf Coast have urged President Barack Obama to ensure that any legal settlement for the 2010 Gulf of Mexico oil spill does not undermine a recently passed law that would funnel billions of dollars...
