Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Judge Lets Wal-Mart Discrimination Case Proceed
Sep 24 2012 // A U.S. judge rejected Wal-Mart Stores Inc.’s request to dismiss a gender discrimination case filed in California, but said he would rule later about whether the women plaintiffs had enough evidence to be certified as...
Catalina Acquires Runoff Vehicle KX Re from Tawa
Sep 24 2012 // Catalina Holdings (Bermuda) Ltd has announced that it has signed a definitive Share Purchase Agreement to acquire 100 percent of the shares in KX Reinsurance Company Limited, including KX Re’s wholly owned subsidiary...
China Eases Access to Insurance, Travel industries
Sep 24 2012 // China has eased restrictions on foreign companies in parts of its insurance, travel and delivery industries in a possible effort to reverse a slide in investment from abroad, an American business group said Friday. Some of...
A Milestone for AIG
Sep 24 2012 // We have a news item in this Sept. 24 issue, on page 8, that marks a milestone for one of the most talked about U.S. corporations in recent times. For the first time since its $182 billion bailout by the U.S. Treasury...
People – East
Sep 24 2012 // Marsh & McLennan Cos. appointed J. Michael Bischoff as chief financial officer. Bischoff has been serving as interim CFO since March 2012 when then-CFO Vanessa Wittman resigned to join Google as its Motorola Mobility...
ACE Accuses OneBeacon of Poaching Employees
Sep 24 2012 // ACE American Insurance Co. recently filed a lawsuit against OneBeacon U.S. Holdings Inc. In its lawsuit, filed in Pennsylvania, ACE alleges that OneBeacon poached the entire eight member-team that made up ACE’s East...
Report: Wildfires Pose Risk to Three Quarter-Million Western U.S. Homes
Sep 24 2012 // More than three-quarters of a million homes in the Western U.S. have a high risk of wildfire damage, according to a report released by Santa Ana, Calif.-based CoreLogic. CoreLogic’s Wildfire Hazard Risk Report...
3 States Join Lawsuit Challenging Dodd-Frank Law
Sep 23 2012 // Three U.S. states have joined a lawsuit that challenges the constitutionality of the 2010 Dodd-Frank law that overhauled U.S. financial oversight and created the Consumer Financial Protection Bureau. The attorneys general...
Argo Group Names Betz President of U.S. Surety Operation
Sep 21 2012 // Argo Group International Holdings Ltd. has promoted Josh Betz to president of Argo Surety, Argo Group’s Houston, Texas-based U.S. surety operation. He reports to Chief Financial Officer Jay Bullock. Betz previously...
Drought Area Expands in Northern U.S., Eases in South
Sep 21 2012 // The worst drought to hit the United States in a half century expanded in the upper Midwest and northern Plains states in the past week due to warmer- and drier-than-normal weather, but loosened its grip on some central and...
Report Points to Insurance Industry’s Vulnerability to Climate Change
Sep 20 2012 // A report out Thursday urges the insurance industry to act to protect itself and the community against the increasing frequency of extreme weather due to climate change. In short, the report, its authors and those endorsing...
Pentagon Warns Private Computer Networks on Vulnerability to Cyber Attacks
Sep 20 2012 // Privately-owned U.S. computer networks remain vulnerable to cyber attacks, and many U.S. companies are not doing enough to protect them, Deputy U.S. Defense Secretary Ashton Carter said on Wednesday. “I hope this...
John Hancock, Law Firm Face Tax Shelter Racketeering Lawsuit
Sep 20 2012 // John Hancock Life Insurance Co. and its law firm, Edwards Wildman Palmer, must face a class action accusing them of violating racketeering laws by marketing a tax shelter, a federal appeals court ruled on Wednesday. The...
Bank Group Warns of Heightened Risk of Cyber Attacks
Sep 20 2012 // A financial services industry group warned U.S. banks, brokerages and insurers on Wednesday to be on heightened alert for cyber attacks after Bank of America and JPMorgan Chase experienced unexplained outages on their...
U.S., Trade Allies Push for International Services Talks
Sep 20 2012 // A proposed international agreement to reduce barriers to trade in service sectors ranging from banking to telecommunications [including insurance] would give the global economy a much-needed boost, top trade officials said...
US Fidelis Co-Owner Gets 40 Months in Prison
Sep 19 2012 // A former co-owner of auto service contract seller US Fidelis has been sentenced to more than three years in federal prison. Cory Atkinson of Lake St. Louis, Mo., was sentenced Sept. 18 in St. Louis. He pleaded guilty in...
US Bank: Lawsuit in Iowa Fraud Scandal ‘Without Merit’
Sep 19 2012 // US Bank is rejecting allegations in a lawsuit that claims one of its employees helped Peregrine Financial Group CEO Russ Wasendorf Sr. mislead regulators about his misuse of customer funds. Wasendorf, the founder of the...
Cooper Gay Swett & Crawford – Looking Forward, Not Back
Sep 19 2012 // Don’t tell Toby Esser, Cooper Gay Swett & Crawford’s CEO, that the global economy is in the doldrums. “We’ve had substantial organic growth over the last 12 months with property up around 20...
Explosion, Fire at Mexico Pemex Gas Facility Kills 26
Sep 19 2012 // An explosion and fire killed at least 26 people at a Pemex natural gas facility in northern Mexico near the U.S. border on Tuesday, one of the deadliest accidents in the oil and gas industry in recent years. Television...
Feds Appeal Ruling That Would Free Peregrine CEO
Sep 18 2012 // Federal prosecutors have appealed a judge’s order that would free a disgraced U.S. businessman while he awaits sentencing for a $200 million fraud scheme at his brokerage. The U.S. Attorney’s Office in Cedar...
