Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
U.S. Insured Losses from Hurricane Isaac Could Reach $2B: AIR
Aug 31 2012 // Catastrophe modeling firm AIR Worldwide estimates that insured losses from Hurricane Isaac to onshore properties in the U.S. will be between $700 million and $2 billion. AIR estimates include wind and storm surge damage to...
Ford Sued Over Patent Infringement
Aug 31 2012 // Ford Motor Co has been sued for allegedly infringing a patent that covers a fuel-injection system it uses in its top-selling F-150 truck. According to a federal complaint made public on Thursday, TMC Fuel Injection System...
Isaac Brings Relief to U.S. Drought Conditions
Aug 31 2012 // The remnants of Hurricane Isaac continue to cause headaches on Friday, bringing heavy rainfall and the threat of flash flooding to the lower Mississippi Valley as Gulf Coast residents get ready to start their cleanup...
Citigroup Settles Securities Lawsuit for $590M
Aug 30 2012 // Citigroup Inc. agreed to pay $590 million to settle a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets, one of the largest settlements stemming from the global financial...
Isaac Heads North After Drenching U.S. Gulf, New Orleans
Aug 30 2012 // Tropical storm Isaac is expected to weaken further as it heads north on Thursday, after causing significant damage to the U.S. Gulf Coast but nothing on the scale of Hurricane Katrina, which devastated New Orleans in...
U.S. P/C Insurers Expected to Withstand Isaac: Fitch
Aug 29 2012 // Fitch Ratings anticipates losses related to Hurricane Isaac will be largely borne by primary insurers, but estimates remain uncertain as the storm has yet to make landfall. Isaac is expected to be less powerful than the...
Hurricane Isaac Soaks Gulf Coast, Tests Levees
Aug 29 2012 // Hurricane Isaac drove water over the top of a levee on the outskirts of New Orleans on Wednesday, but the multibillion-dollar barriers built to protect the city itself after the 2005 Katrina disaster were not breached,...
Hurricane Isaac Hits Fortified New Orleans on Katrina’s Anniversary
Aug 29 2012 // Hurricane Isaac lashed southern Louisiana with high winds and heavy rains on Wednesday and was set for a late-morning arrival in New Orleans, seven years to the day after Hurricane Katrina devastated the city. Isaac is the...
Isaac Becomes a Hurricane As It Churns Toward New Orleans
Aug 28 2012 // Tropical Storm Isaac strengthened into a hurricane just off the U.S. Gulf Coast on Tuesday as it churned toward landfall in the New Orleans area seven years after the city was devastated by Hurricane Katrina. Isaac’s...
10 U.S. Cities with Safest Drivers
Aug 28 2012 // This year’s top honor of “America’s Safest Driving City” is Sioux Falls, South Dakota, where the average driver will experience an auto collision every 13.8 years, which is 27.6 percent less likely...
Near-Hurricane Strength Isaac Takes Aim at New Orleans
Aug 28 2012 // Tropical Storm Isaac was near hurricane force as it bore down on the U.S. Gulf Coast on Tuesday and was expected to make landfall in the New Orleans area seven years after it was devastated by Hurricane...
Arctic Sea Ice at Record Low; Expected to Keep on Melting
Aug 28 2012 // The world’s Arctic ice cap has shrunk to a new low, surpassing a record set only five years ago, and is expected to keep retreating for a few more weeks, according to U.S. data released on Monday. The Arctic sea ice...
How Apple Outsmarted Samsung in Patent Dispute
Aug 27 2012 // In August 2010, just a few months after Samsung Electronics launched its Galaxy smartphone, a team of Apple Inc. lawyers flew to South Korea. Apple’s late co-founder, Steve Jobs, had already told Samsung executives...
Update: Isaac Menaces Gulf States; Forces Evacuations, Closings; Serious Flooding Feared
Aug 27 2012 // Tropical Storm Isaac closed in on the U.S. Gulf of Mexico coast on Monday, triggering some mandatory evacuation orders and disrupting U.S. offshore oil production as it threatened to make landfall between Florida and...
Markel Executive Joins Aspen US Insurance in New York
Aug 24 2012 // Aspen US Insurance has appointed Richard Aldorisio as executive vice president of casualty insurance. He will be based in New York City. In his new role, Aldorisio will head the casualty insurance unit, which now includes...
Drought Worsens in Plains, Despite Cooler Temps
Aug 24 2012 // The nation’s most withering drought in decades only got worse in several key farming states last week, despite cooler temperatures that at least gave those living there a break from this summer’s stifling heat,...
Tropical Storm Isaac Threatens Haiti; Oil Rigs Shut; Southeast Prepares
Aug 24 2012 // Tropical Storm Isaac strengthened on Friday as it took aim at flood-prone Haiti, but it was not expected to become a hurricane until it barreled into the Gulf of Mexico early next week. On its current path, forecasters...
U.S. Salmonella Outbreak Tied to Indiana Farm Melons
Aug 23 2012 // U.S. health regulators said cantaloupe from Chamberlain Farms in Indiana may be one source of a multi-state outbreak of salmonella that has killed two people and sickened some 178 in the past month. The farm in Owensville...
USI to Acquire TD Bank’s U.S. Insurance Subsidiary
Aug 23 2012 // USI Insurance Services, a brokerage and financial service firm based in Briarcliff Manor, N.Y., has agreed to acquire TD Insurance Inc., a wholly-owned U.S. subsidiary of TD Bank, N.A. The terms of the deal were not...
Fitch Notes Reinsurers More Risk-Focused For More Asian Catastrophes
Aug 23 2012 // Fitch Ratings has issued a statement which points out that the “spate of Asia-Pacific catastrophes in the past two years have prompted reinsurers to take stock of their existing portfolio and re-evaluate their...
