Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Starr Cos. Hires ING Group Exec to Lead Starr Strategic Partners
Feb 22 2012 // Starr Companies appointed X. Rick Niu as senior managing director of Starr Strategic Partners, a newly formed division dedicated to serving the insurance and investment needs of Asian and other emerging market companies...
U.S. Drops Major Anti-Bribery Prosecution
Feb 22 2012 // The Obama administration on Tuesday dropped a major bribery prosecution that had been part of a campaign to crack down on corruption after the government suffered several setbacks in court in a case involving military...
U.S. Firms Seek Clarity on Anti-Bribery Law
Feb 22 2012 // U.S. corporations asked the government to explain what it considers a bribe of a foreign official, saying the lack of clarity has had a chilling effect on business. The Chamber of Commerce and dozens of other trade groups...
U.S. Justice Dept. Closes Allianz Indonesia Bribery Probe w/o Charges
Feb 21 2012 // The U.S. Justice Department has closed its investigation into whether Allianz SE violated a foreign bribery law through its insurance business in Indonesia and does not plan to bring charges, according to a letter reviewed...
Allied World U.S. Creates Mergers & Acquisitions Division
Feb 21 2012 // Allied World U.S. has expanded its professional lines operations through the launch of a new mergers and acquisitions division that will be headed up by Jeff Anderson, vice president, in the company’s New York...
U.S. Risk Promotes Mullens to EVP
Feb 21 2012 // U.S. Risk Insurance Group Inc. has promoted Mike Mullens, the current national practice leader for the U.S. Risk healthcare division, to executive vice president. Mullens has more than 35 years experience in the insurance...
U.S. Should Expect Another Above-Normal Tornado Season in 2012
Feb 21 2012 // The U.S. should expect an active severe weather season with above-normal tornadoes in 2012. That’s after a near-record number of tornadoes in 2011, according to forecasters at AccuWeather.com in State College,...
Mitsui Unit to Pay $90 Million Over Gulf Oil Spill
Feb 21 2012 // Mitsui & Co. Ltd.’s MOEX Offshore agreed with the U.S. Justice Department to pay at least $90 million to settle some of its liability in the Deepwater Horizon oil spill, the first government settlement involving...
Cruise Ship Industry Leaves Crash Victims Little Hope for Recovery
Feb 21 2012 // When Walter Henry Alderfer learned last month about the Costa Concordia shipwreck off Italy, it brought back bad memories. In April 2007, he, his wife and his daughter were aboard the Sea Diamond cruise ship when it struck...
MF Global Judge to Review Insurance for Former Executives
Feb 20 2012 // The U.S. judge overseeing MF Global’s bankruptcy plans a closer review before deciding whether any of an estimated $190 million of insurance coverage for former company executives should instead go to customers....
Q4 Reports: Earnings Continue to Disappoint
Feb 20 2012 // The Hartford Q4 Profit Down 79% Hartford Financial Services Group reported $127 million for its 2011 fourth-quarter net income, down 79 percent from one year ago. Results were dragged down by higher net capital losses and...
Media Firms Could Face Insurance Woes in 2012
Feb 20 2012 // U.S. communications, media, and technology (CMT) companies can expect their insurance market conditions to further deteriorate in 2012, continuing a trend that began in the second half of 2011, according to a report...
BP Wins Ruling Keeping Prior Accidents Out of Gulf Spill Trial
Feb 20 2012 // BP Plc won a court order to keep references to some previous accidents out of the trial to assess blame for the 2010 Gulf of Mexico oil spill, the oil company’s second victory in as many days to bar potentially...
BP Keeps Prior Accidents Out of Gulf Oil Spill Trial
Feb 20 2012 // BP Plc won a court order to keep references to some previous accidents out of its trial to assess blame for the 2010 Gulf of Mexico oil spill. It was the oil company’s second victory barring potentially damaging...
P/C Industry Disputes Consumer Group’s Claims It’s Avoiding Risk
Feb 17 2012 // Traditionally risk-takers, property/casualty insurance companies have become more like risk-avoiders when it comes to weather-related claims, leaving consumers and taxpayers to pay much higher costs, according to a new...
Obama Budget Bolsters Intellectual Property Enforcement
Feb 17 2012 // The Obama administration has proposed hiring more prosecutors to pursue intellectual property crimes in the new budget as the entertainment industry pressures the U.S. Justice Department to crack down on copyright...
Citigroup Mortgage Insurance Whistleblower: ‘I Have No Regrets’
Feb 17 2012 // It wasn’t Sherry Hunt’s original intent to go public on the shoddy quality control at a mortgage unit at Citigroup Inc., her employer since 2004. But by March 2011, as it became apparent to her that the...
U.S. Seeks Ways to Reduce Excessive Medical Testing
Feb 17 2012 // A leading group of U.S. doctors is trying to tackle the costly problem of excessive medical testing, hoping to avoid more government intervention in how they practice. The American College of Physicians (ACP), the largest...
China’s Trademark System Baffles Foreign Firms
Feb 16 2012 // China’s trademark system is a minefield of murky rules and opportunistic “trademark squatters” that even the world’s biggest companies and their highly-paid lawyers find hard to navigate, as Apple...
Underage Drinkers Run Up $750 Million a Year in Hospital Costs
Feb 16 2012 // Hospitalization for underage drinking is common in the United States, and it comes with a price tag — the estimated total cost for these hospitalizations is about $755 million per year. A Mayo Clinic study also found...
