Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
BP Proposes Gulf Oil Spill Claims Settlement
May 7 2012 // BP Plc reached settlements on April 18 to resolve billions of dollars of claims from the 2010 Gulf of Mexico oil spill, and asked a U.S. judge for a long delay in any trial over remaining disputes stemming from the...
Insurance Jobs Outlook: Getting Better, Region by Region
May 7 2012 // The property/casualty insurance jobs outlook is slowly, gradually getting better – or at least not getting worse. A growing number of insurance businesses are hiring more workers this year. Meanwhile, many others are...
Oil, Economy Fuel Insurance Hiring in Texas
May 7 2012 // Job Outlook Across the nation, employment levels in insurance agencies and brokerages declined at a faster rate than the overall U.S. employment level since the recession began in 2007. The good news: Some independent...
U.S. Tells Industry to Further Test Safety of Nanotechnology Products
May 7 2012 // U.S. health regulators said consumer products that use nanotechnology may have unknown effects on the human body, and advised food and cosmetic companies to further study the safety of these tiny particles. The U.S. Food...
CEOs Remain Bullish on Firming Rates
May 7 2012 // The 2012 first-quarter corporate earnings season is in a full swing — and that gives us a valuable opportunity to listen to top insurance CEOs and their perspective on pricing. The Travelers Companies CEO Jay Fishman...
Best Affirms, Upgrades SCOR’s No. American Subs Ratings; Outlook Stable
May 4 2012 // Following its rating actions on the parent company, France’s SCOR SE, A.M. Best has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR)...
BP Wins Delay of Gulf Oil Spill Trial
May 4 2012 // A trial to assign blame and damages that could total tens of billions of dollars for the 2010 Gulf of Mexico oil spill has been put off until January, in a setback for the U.S. government, which wanted to try its case this...
Judge Blocks $90 Million Insurance Settlement for Lehman Directors, Officers
May 4 2012 // With a nod to country singer Kenny Rogers, a federal judge has refused for now to allow insurers for former officers and directors of Lehman Brothers Holdings Inc. to pay $90 million to settle a fraud lawsuit brought by...
Aon Benfield’s April Global Cat Reports near $1 Billion in Tornado Losses
May 4 2012 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, has released its latest edition of its Global Catastrophe Recap report, which reviews the natural disaster perils that occurred worldwide...
Va.-Based Genworth Financial’s CEO Resigns; Acting Chief Named
May 3 2012 // Genworth Financial Inc. said Tuesday that Chairman and CEO Michael D. Fraizer has resigned, and the board has tapped Chief Financial Officer Martin P. Klein to fill as CEO while it searches for a successor. Fraizer helped...
Court Bans Microsoft’s Xbox 360, Windows 7 from German Market
May 3 2012 // A court in Mannheim, Germany ruled on Wednesday that Microsoft infringed Motorola Mobility’s patents and ordered Microsoft to remove its Xbox 360 gaming consoles and Windows 7 operating system software from the...
BP’s $7.8 Billion Gulf Oil Spill Settlement Wins Initial Court OK
May 3 2012 // BP Plc won preliminary court approval of an estimated $7.8 billion settlement to resolve more than 100,000 claims by individuals and businesses stemming from the 2010 Gulf of Mexico oil spill. The accord comprises two...
Once Again, Flood Insurance Program to Expire Unless Congress Acts
May 3 2012 // Federal officials are putting fresh pressure on Congress to take action on the National Flood Insurance Program, whose authorization expires at the end of this month, one day before hurricane season begins. The NFIP has...
Flexpoint Ford Agrees to Acquire GeoVera From Hellman & Friedman
May 2 2012 // Chicago, Ill.-based Flexpoint Ford LLC, a private equity firm focused on the financial services and healthcare sectors, announced its affiliates have signed a definitive agreement to acquire Fairfield, Calif.-based GeoVera...
Dead Mexican Teen’s Family To Pursue Suit in Texas
May 2 2012 // A lawyer for the family of a 15-year-old Mexican boy killed by a U.S. Border Patrol agent in 2010 says they will press on with their lawsuit against the agent despite U.S. prosecutors’ decision not to charge...
Christian Group Sues Michigan City, Muslims Over Event
May 2 2012 // A Christian legal advocacy group has claimed in a federal lawsuit that officials in a western Michigan city violated the rights of a self-proclaimed former terrorist by interrupting him during an event on free speech at a...
Gaylord Hotels Suing Government Over 2010 Nashville Floods
May 2 2012 // Gaylord Entertainment Co. has filed a lawsuit accusing the National Weather Service and the U.S. Army Corps of Engineers of negligence that heavily damaged its luxury hotel in Nashville and the famous Grand Ole Opry House...
U.S. Opposes Delay in BP Oil Spill Trial
May 2 2012 // The U.S. government said a trial to assign blame and damages among BP Plc and others over the 2010 Gulf of Mexico oil spill should not be delayed until after a hearing over a $7.8 billion settlement of private party...
U.S. E&S Market Premiums Increase in 2011: SNL Financial
Apr 30 2012 // U.S. excess and surplus market is seeing a slight uptick in premiums, a new report reveals. After several years of declines, U.S. E&S insurers saw an increase in the overall amount of direct premiums written in 2011,...
As America’s Waistline Expands, Costs Soar
Apr 30 2012 // U.S. hospitals are ripping out wall-mounted toilets and replacing them with floor models to better support obese patients. The Federal Transit Administration wants buses to be tested for the impact of heavier riders on...
