Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Democrats, Republicans Offer Rival Views to Control Health Costs
Aug 2 2012 // Democrats and Republicans agree that the next U.S. president will have to contend with rising healthcare costs that pose a growing, destabilizing burden for families, employers and government budgets. But two articles...
Obama Tightens Sanctions on Banks Helping Iran Sell Oil
Aug 1 2012 // President Barack Obama announced new U.S. sanctions on Tuesday against foreign banks that help Iran sell its oil and said the measure would increase pressure on Tehran for failing to meet its international nuclear...
Judge Rules Stanford’s U.S. Receiver to Keep Control of Ponzi Scheme Case
Aug 1 2012 // Allen Stanford’s U.S. court-appointed receiver may keep control of the process to collect and distribute the convicted Ponzi schemer’s assets to victims, defeating a bid by Caribbean liquidators, a U.S. federal...
Recession, Libor, Facebook Punish Europe’s Banks
Aug 1 2012 // Leading European banks reported dismal profits on Tuesday, blaming everything from the continent’s debt crisis and Spain’s property market crash to Facebook’s disastrous stock market debut. Within a space...
US Congressional Negotiators Reach Deal on New Iran Sanctions
Jul 31 2012 // U.S. lawmakers moved a step closer to finalizing new sanctions aimed at further restricting Iran’s oil revenues after negotiators from the Senate and House of Representatives agreed on a compromise bill on...
AIG Launches PR Push on YouTube to Repair Image
Jul 30 2012 // AIG is launching a public relations campaign to repair its reputation. Last Thursday, the once-mighty insurance giant American International Group posted several videos on YouTube, www.youtube.com/aig , proclaiming that...
HSBC Sets Aside $2 Billion for U.S. Investigation, Mis-selling
Jul 30 2012 // HSBC’s chief executive apologized on Monday for shameful and embarrassing mistakes made on anti-money laundering controls as the bank set aside $2 billion to cover the cost of U.S. investigations and compensate UK...
Obama Administration Says Federal Health Exchanges on Track for 2014
Jul 27 2012 // The Obama administration on Friday said it is on track to set up federal health insurance exchanges by 2014 in U.S. states that fail to establish their own regulated insurance markets as required by the U.S. healthcare...
Chubb Profit Slightly Down; U.S. Commercial Renewal Rate Hike 9% in Q2
Jul 27 2012 // The Chubb Corp. reported $404 million profit for its second quarter, declining 3.6 percent from $419 million reported a year earlier. The results were hampered by weaker investment results and significant catastrophe...
Evidence for Climate Extremes, Costs, Gets More Local
Jul 27 2012 // Scientists are finding evidence that man-made climate change has raised the risks of individual weather events, such as floods or heat waves, marking a big step towards pinpointing local costs and ways to adapt to freak...
Drought Bill May Get Washington to Act on Farm Bill
Jul 27 2012 // A comparatively low-priced disaster bill for livestock producers hit by the worst U.S. drought since 1956 may be the ticket to passage for a $500 billion farm bill now in limbo in Congress. Republican leaders in the House...
Conference: Risk, Returns, Regulation, and More Regulation
Jul 26 2012 // Coming off a rough few years of recession, then a disaster prone 2011 – and then more global uncertainty in 2012 – the world and the insurance industry have a few things to look forward to in the next year. They also...
Best Affirms Lloyd’s UK, China ‘A’ Ratings; Outlook Stable
Jul 26 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Lloyd’s and Lloyd’s Insurance...
Judge Seeks More Details on Dewey Law Firm’s Bonuses
Jul 26 2012 // A judge on Wednesday demanded more detail on a plan by Dewey & LeBoeuf to pay out as much as $450,000 in performance-based bonuses to employees helping to wind down the bankrupt law firm’s operations. Judge...
Former Citigroup Chief Weill Surprises with Call for Break-Up of Big Banks
Jul 26 2012 // Sanford “Sandy” Weill, the tycoon who built financial conglomerate Citigroup Inc. into a massive U.S. commercial and investment bank, said it is time to split up the biggest banks so they can go back to growing...
Earnings Report: ACE Limited
Jul 25 2012 // Selected earnings highlights from Swiss based ACE Limited for the second quarter and the first half of 2012 are as follows: Q2 2012 Q2 2011 Gross premiums written ———— $5.653 bn $5.423 bn Net...
Oil Firms, Regulators Miss Major Accident Indicators: Gulf Spill Report
Jul 25 2012 // Transocean and BP, trade associations, and U.S. regulators largely judged the safety of offshore facilities by focusing on routine personal injury and fatality data such as dropped objects and trips and falls when they...
Hoeven’s Flood Bill Derailed in U.S. House
Jul 24 2012 // In what turned out to be very good news for taxpayers, the environment and anyone concerned about risk mitigation, the speeding legislative train that was Sen. John Hoeven’s S. 2039 was derailed in the U.S. House...
New York Licenses First Mutual Bond Insurer for U.S. Municipal Market
Jul 24 2012 // New York State’s Department of Financial Services announced this week that it has licensed Build America Mutual Assurance Company (BAM) to operate as the first mutual bond insurer serving the U.S. municipal market...
Catlin Appoints McMellin to Succeed Banas as U.S. CEO
Jul 24 2012 // The Bermuda-based Catlin Group Limited announced that Andrew McMellin, currently the group’s deputy chief underwriting officer, will become CEO of Catlin US effective September first. He will remain a member of the...
