Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
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...
N.J. Gov. Christie Vetoes Health Insurance Exchange
May 11 2012 // New Jersey Gov. Chris Christie vetoed legislation, Assembly Bill 2171, that would have begun to establish an online, state-run health care exchange in New Jersey in line with the federal Affordable Care Act. The creation...
Guy Carpenter Names New CEO, COO for U.S. Operations
May 11 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...
Florida Supreme Court Hears Class Action Arbitration Argument
May 11 2012 // A pay day loan company’s lawyer argued this week that the Florida Supreme Court must uphold a contract provision prohibiting customers from banding together in class action arbitration cases against the firm because...
Judge to Insurer: Pay Legal Fees in Pending Insider Trading Fraud Case
May 11 2012 // A federal judge said during a court hearing in New York on Thursday he is prepared to order an insurance company to keep paying the legal fees of several former hedge fund managers and traders caught up in an insider...
U.S. Calls $2M NYC Deal Largest Fair Housing Act Settlement Ever
May 10 2012 // The federal government has announced that a settlement with a New York City landlord will result in more than $2 million being paid to tenants who were sexual harassment victims. U.S. Attorney Preet Bharara announced the...
Senate Panel to Probe Ties Between Painkill Drugmakers, Medical Nonprofits
May 10 2012 // A U.S. Senate panel has launched a probe of possible links between three drugmakers and nonprofit medical groups that advocated for increasing the use of prescription painkillers, now the target of a nationwide law...
