Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Xchanging Expands to U.S. Market
May 23 2012 // London-based Xchanging, a business process outsourcing company, has plans to expand its insurance offering to the North American market. The expansion will be led by Domenick DiCicco who was appointed as head of...
U.S. SEC Dealt Blow in Financial Crisis Case
May 23 2012 // The U.S. Securities and Exchange Commission was dealt a setback in its cases tied to the financial collapse when a federal judge dismissed large parts of its case against former executives at failed mortgage lender IndyMac...
False Damage Claims Lead to Jail Time for Texas Couple
May 22 2012 // A North Texas couple have been sentenced to prison for their part in a conspiracy to defraud the city of Garland, Texas, of nearly $2 million by filing fraudulent damage claims against the municipality. Kenneth Wayne...
Gucci Wins Fraction of Damages Sought in Trademark Claim Against Guess
May 22 2012 // A U.S. judge said Gucci may recover just $4.66 million in its lawsuit accusing apparel retailer Guess Inc. of copying its trademarked designs, a small fraction of the more than $120 million sought by the Italian luxury...
Senate Passes Tougher Iran Sanctions
May 22 2012 // The U.S. Senate unanimously approved on Monday a package of new economic sanctions on Iran’s oil sector just days ahead of a meeting in Baghdad between major world powers and Tehran. The sanctions add to a raft of...
OECD Sees Euro Zone Crisis Threatening Global Economic Recovery
May 22 2012 // The United States and Japan are leading a fragile economic recovery among developed countries that could yet be blown off course if the euro zone fails to contain its flaring growth crisis, the OECD said on Tuesday. In its...
Survey: Young Drivers Know Risks But Text Anyway
May 21 2012 // Most young American drivers agree that it is dangerous to text while driving, but nearly a third admit they do it anyway, a survey by Consumer Reports shows. While eight in 10 said they knew of the risks, about 29 percent...
People – East
May 21 2012 // Guy Carpenter & Co. LLC, a global risk and reinsurance intermediary division of N.Y.-headquartered Marsh & McLennan Companies, appointed Andrew Marcell as chief executive officer of U.S. operations and Pete...
E&O Insights: Why Workers’ Compensation Leads in E&O Claims
May 21 2012 // Every year, errors and omissions (E&O) claims arising out of the placement of workers’ compensation account for approximately 10 percent of all claims. Many of those workers’ comp claims are well in excess...
U.S. Treasury Could See $15 Billion Profit from AIG Bailout: GAO
May 21 2012 // U.S. taxpayers could see a profit from the 2008 bailout of American International Group Inc. (AIG), according to a Congressional report. “When all the assistance is considered, the amount the federal government...
Business Moves – Midwest
May 21 2012 // Neace Lukens, Matrix Benefits Neace Lukens has completed its acquisition of Matrix Benefits and Consulting Group, a Ft. Wayne, Ind.-based consulting firm. Matrix employees will report to the Neace Lukens Indianapolis...
A Year after Joplin Tornadoes, $2.16B in Insurance Claims Paid
May 18 2012 // The tornado that swept through Joplin, Mo., on May 22, 2011, has generated $2.16 billion in insurance claims payouts to Missouri policyholders, according to an Insurance Information Institute analysis of data from...
Vermont Becomes First State in U.S. to Ban Hydraulic Fracturing
May 18 2012 // Gov. Peter Shumlin on Wednesday signed into law the nation’s first ban on a hotly debated natural gas drilling technique that involves blasting chemical-laced water deep into the ground. The Democrat, surrounded at a...
Tackling Euro Zone Crisis is Top Priority for G8 Leaders
May 18 2012 // Leaders of major industrial economies meet this weekend to try to tackle a full-blown crisis in Europe where fears are growing that Greece could leave the euro zone bloc, threatening the future of the common...
Forecasters Examine Hurricane Andrew’s Legacy
May 18 2012 // The ability to predict how bad a storm will be has eluded forecasters since Hurricane Andrew made a catastrophic landfall in South Florida two decades ago and it will remain a challenge for the next chief at the National...
Judge Dismisses Part of Lawsuit Over Birds Point Levee
May 15 2012 // A federal judge has dismissed a large portion of a class-action lawsuit brought by more than 140 southeast Missouri farmers whose land was damaged when Birds Point levee was intentionally breached last year. Judge Nancy B....
Judge Denies Delay of BofA Directors’ $20 Million Settlement Over Merrill
May 15 2012 // A U.S. federal judge in New York on Monday refused to delay the approval process for a controversial $20 million settlement between Bank of America Corp. directors and shareholders who accused the bank of overpaying for...
HP Loses Battle with IRS Over Tax Shelter Designed by AIG
May 15 2012 // Hewlett-Packard Co. on Monday lost a battle with the U.S. Internal Revenue Service for more than $190 million in tax refunds tied to a Dutch tax shelter designed by the derivatives arm of American International Group. The...
Lloyd’s U.S. CEO Comments on the Importance of ‘Vision 25’
May 14 2012 // Lloyd’s announcement on Friday of the launch of its “Vision 25” program, an ambitious plan to prepare the historic London market for the future, came as no surprise to Hank Watkins, CEO of Lloyd’s...
New York Judge Orders Anonymous Blogger into Court Over Business Reports
May 14 2012 // A New York judge has ordered an anonymous blogger to appear in court next week over accusations that the blog Alfredlittle.com wrote false reports about a Chinese company to drive down the stock. The blogger was served...
