Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
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...
Senate Committee Votes to End Direct Farm Subsidies, Backs New Insurance Plan
Apr 27 2012 // U.S. farmers will get a new crop-subsidy program that protects them from ruinous declines in revenue, the biggest threat to survival with today’s high and volatile prices, a Senate committee decided on Thursday. The...
Vermont and U.S. Officials Highlight Irene Housing
Apr 26 2012 // Stephen Cutlip had only been living in Mendon for several weeks when he was displaced last summer by flooding from Tropical Storm Irene. Following the August flood, he lived in a series of motels then spent three months in...
Bill To Align California With Dodd-Frank Passes Committee
Apr 26 2012 // The California Senate Insurance Committee passed a law regarding reinsurers that would put the state in alignment with the Dodd–Frank Wall Street Reform and Consumer Protection Act and a model law from the National...
1,000 Independent Agents Lobbying Lawmakers in Washington
Apr 26 2012 // More than 1,000 independent agents from around the country will be visiting Capitol Hill offices in Washington, D.C., today to lobby members of the House, Senate and their staffs. Called “The Big ‘I’ Day...
Fewer Storms Forecast for 2012 Hurricane Season
Apr 26 2012 // The 2012 Atlantic hurricane season is projected to be less active than in recent years with 11 tropical storms, six of which will intensify into hurricanes, U.S. private forecaster Weather Services International said on...
Lloyd’s Register Withdraws from Iran Due to Sanctions
Apr 26 2012 // Maritime risk management firm Lloyd’s Register has shut its operations in Iran and can no longer vouch for the safety of the OPEC member’s fleet due to Western sanctions, the head of the company told...
