Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
U.S. Insurers’ Reserves Redundant by $11.7B: Aon Benfield Study
Jun 18 2012 // Insurers’ reserves were redundant at year-end 2011 by $11.7 billion — or 2 percent of total booked reserves – compared with $22.0 billion at the year-end of 2010, after the industry released $12.7 billion of...
Future Vision: Will Driving Become Too Safe to Insure?
Jun 18 2012 // What would happen to the auto insurance industry if automobile safety improves to the point that vehicle collisions become relics of the past? That’s the question explored by global consulting and research firm,...
Outlook Is Cautious As Some States See Major Construction Projects
Jun 18 2012 // Apartment Communities May Be Key to Revival The overall construction industry appears to be making a recovery, albeit, a very slow one. Industry watchers say the outlook is better for big utility and public works...
Web Exchange
Jun 18 2012 // IJ Video Highlights Foreign Exposures to U.S. Firms in D&O U.S. companies face many exposures around the globe. Increasingly, they are traced to a crackdown against corporate bribery. Ann Longmore is an executive vice...
Ex-BP Engineer Faces Feb. Trial Tied to Oil Spill
Jun 15 2012 // A former BP Plc engineer who is the first individual to face criminal charges related to the 2010 Gulf of Mexico oil spill has been scheduled to face a jury trial on Feb. 25, a U.S. federal judge decided. Kurt Mix, the...
Last Loans Used to Buy AIG, Bear Stearns Assets Repaid: Fed Reserve
Jun 15 2012 // The Federal Reserve Bank of New York said on Thursday the last of its loans made to acquire risky assets from AIG and Bear Stearns during the financial crisis have been paid off with interest. The Fed bank acquired the...
Ex-Partner Sues Dewey, Says Law Firm Was Ponzi Scheme
Jun 14 2012 // A former partner at Dewey & LeBoeuf has sued a group of the law firm’s ex-leaders for fraud, saying they ran the now-bankrupt firm as a Ponzi scheme to benefit themselves. Henry Bunsow, an intellectual property...
Mitchell to Head Willis’ FINEX Asia-Pacific Unit in Expanding Market
Jun 14 2012 // “As companies continue to expand within the Asia Pacific region and beyond its borders, they are becoming increasingly exposed to risks such as Directors and Officer’s (D&O), Cyber and Professional...
Report: Japan to Pass Bill to Insure Iran Oil Imports
Jun 14 2012 // Japan’s lower house is set to pass a bill on Friday to provide government guarantees on insurance for Iranian crude cargoes, making it the first of Iran’s big Asian buyers to find a way to keep the oil flowing...
West Drought Conditions Make For ‘Tragically Historic’ Wildfire Season
Jun 13 2012 // In what could be shaping up to be one of the worst wildfire seasons in recent memory, insurers are scrambling to deal with the aftermath of several massive wildfires in the region – and they’re preparing people for...
Iran’s Oil Exports Plummet as Sanctions Bite Says IEA
Jun 13 2012 // Iran’s oil exports have fallen by an estimated 40 percent since the start of the year as Western sanctions tear into the country’s vital oil industry, the International Energy Agency said on Wednesday. The...
Study Suggests China’s CO2 Emissions Could be Greater than Thought
Jun 13 2012 // China’s carbon emissions could be nearly 20 percent higher than previously thought, a new analysis of official Chinese data showed on Sunday, suggesting the pace of global climate change could be even faster than...
Iran Tanker Firm Says it Insured Ships Despite Sanctions
Jun 13 2012 // Iran’s biggest tanker operator, NITC, has $1 billion in ship insurance cover to keep its fleet on the water and serve clients in Asia despite Western sanctions on the Islamic Republic’s oil trade, a senior NITC...
Climate Change Will Alter Risks of Wildfire Worldwide: Study
Jun 12 2012 // Climate change is widely expected to disrupt future fire patterns around the world, with some regions, such as the western United States, seeing more frequent fires within the next 30 years, according to climate scientists...
U.S. Exempts India, Other Countries, Not China, from Iran Sanctions
Jun 12 2012 // The United States extended exemptions from its tough, new sanctions on Iran’s oil trade to seven more economies on Monday, leaving China the last remaining major importer exposed to possible penalties at the end of...
Transfer of Pension Risk to Insurers Gaining Favor
Jun 11 2012 // Last week’s deal by Prudential Financial to take on $26 billion of the retirement liabilities of General Motors has reignited a part of the American insurance market that had been bouncing along the bottom in recent...
Analysis: EU’s Spain Bank Rescue May Bring only Brief Respite
Jun 11 2012 // Euro zone finance ministers rushed Spain into an EU-funded rescue for its debt-stricken banks to pre-empt the threat of a bank run if Greece’s debt crisis flares again but any respite for Madrid and the euro may be...
Judge Questions Evidence in Gender Bias Claim Against Wal-Mart
Jun 11 2012 // A U.S. judge on Friday said he was “seriously concerned” about whether women suing Wal-Mart Stores Inc. had enough evidence to move forward with their refiled gender discrimination lawsuit. Plaintiffs alleging...
Recruiter in City Nursing Kickback Scheme Pleads Guilty in Houston
Jun 8 2012 // A Houston man has pleaded guilty to recruiting patients for a healthcare provider in return for kickbacks. Floyd Leslie Brooks, 45, entered a plea of guilty to conspiracy to violate the Anti-Kickback Statute for his role...
W.Va. Families Head to U.S. Capitol Over Mine Safety
Jun 8 2012 // Relatives of three miners killed in West Virginia’s Upper Big Branch disaster are in Washington, D.C., to press for the passage of long-stalled mine safety legislation by July 4. Gary Quarles lost son Gary Wayne in...
