Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
SNL Buys Summit Media’s Financial Information Unit, Highline Data
Sep 28 2011 // Summit Business Media has sold its insurance financial information unit. Another financial information firm, SNL Financial, said it has acquired the Summit Business Media insurance information services unit, Highline Data,...
Business Group, 26 States Take Healthcare Law Challenge to Supreme Court
Sep 28 2011 // Twenty-six states and a small business group appealed Wednesday to the Supreme Court seeking to strike down all of President Barack Obama’s signature 2010 healthcare law. The states and the National Federation of...
Rating Agencies Win Dismissal of Ohio Funds Lawsuit
Sep 28 2011 // The three major credit-rating agencies won the dismissal of a lawsuit alleging that five Ohio pension funds lost hundreds of millions of dollars on risky mortgage debt because they relied on flawed ratings that made the...
US Quake Project Aimed to ID Future Hotspots
Sep 27 2011 // Scientists have embarked on an ambitious experiment to better anticipate earthquakes by identifying the likeliest places where magnitude-4.9 quakes or stronger will occur in seismically active California over a five-year...
Lloyd’s Calls for Redrawing Disaster Roles in U.S. for Government, Private Insurers
Sep 27 2011 // Government intervention in the insurance market is putting the financial burden of natural disasters on U.S. taxpayers, according to a report by Lloyd’s of London, the global specialist insurance market. The report,...
Iowa Won’t File Criminal Charges Against Texas Firm
Sep 27 2011 // Iowa won’t pursue criminal charges against a Texas company that’s accused of exploiting developmentally disabled workers at a turkey plant in eastern Iowa. According to the Des Moines Register, the Iowa...
Accounting Firm Sued for $7.6B, Accused of Missing Lender Fraud
Sep 27 2011 // Deloitte Touche Tohmatsu Ltd , the world’s largest accounting and consulting firm, was accused Monday of failing to detect fraud during its audits of one of the biggest private mortgage firms to collapse during the...
Supreme Court to Hear Federal Healthcare Mandate
Sep 27 2011 // The Obama administration Monday cleared the way for the Supreme Court to decide in its 2011-12 term the president’s signature healthcare law that requires Americans to buy insurance or face a penalty. A Justice...
Best Affirms FM Global Group and Members ‘A+’ Ratings
Sep 26 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of ‘aa’ of FM Global Group (FM Global) and its members, which includes the lead...
Marsh Names Flynn CEO of U.S. Consumer Unit
Sep 26 2011 // Insurance broker Marsh has appointed Liz Flynn to the role of president and CEO of its U.S. consumer business, effective Oct. 1. In her new role, Flynn will oversee all Marsh U.S. consumer operations consisting of four...
Former Head of Liberty Title in N.Y. Sentenced to 20 Months in Prison
Sep 26 2011 // Former president and co-founder of title insurance agency Liberty Title, Brian Madden, has been sentenced to 20 months in prison for misappropriating and embezzling escrow and other client funds from Liberty Title and two...
Mortgages At Risk If Flood Insurance Program Expires
Sep 26 2011 // The federal program that insures homes against flood damage expires next Friday and is at risk of not being renewed, even as an early fall storm threatens to inundate much of the northeastern United States yet...
Texas Car Dealer Convicted in Title Washing Scheme
Sep 23 2011 // A federal jury in Texas has convicted a car dealer from Rowlett for ‘title washing,’ a fraudulent process through which a vehicle’s title is corruptly altered to conceal information that should normally...
Florida Firm to Appeal in Bid for Sunken Spanish Treasure
Sep 23 2011 // U.S. deep-sea explorers must turn over to the Spanish government 17 tons of silver coins and other treasure recovered from a sunken Spanish galleon in 2007, a federal appeals court ruled Wednesday. But Tampa, Florida-based...
Falling Satellites? Uncle Sam’s Got It Covered, Mostly
Sep 22 2011 // When, where and how much, if any, damage will be caused by about 1,200 pounds worth of falling satellite debris poses some interesting questions–including for the insurance industry. Likely coming in at No. 1 on the...
California Homeowners’ Suit Against Builders Revived
Sep 22 2011 // A federal appeals court revived a lawsuit by homeowners who accused eight major homebuilders of causing them to overpay for their homes by marketing nearby houses to high-risk borrowers who later went into...
AIG Appoints Former IRS Attorney as Deputy Tax Director
Sep 22 2011 // American International Group Inc. (AIG) has hired Clarissa Potter, former deputy chief counsel at U.S. Internal Revenue Service and former law professor, as deputy tax director. In this role, Potter will be responsible for...
How Federal Reserve’s Move Hurts Life Insurers
Sep 22 2011 // The Federal Reserve’s latest move to stimulate credit for consumers and businesses, known as Operation Twist, is likely to threaten the earnings of some of the country’s largest insurers for years to come. Wall...
Politicians, Investors Worry Over Shrinking Middle Class, Role of Social Media
Sep 22 2011 // The rising gap between rich and poor in nearly every country, rich or poor, went largely ignored during the decades of globalization-fueled boom. But with large parts of the world in financial crisis, ending the time when...
Selective to Acquire Montpelier Re E&S Unit for $55M
Sep 21 2011 // Selective Insurance Group is acquiring Montpelier U.S. Insurance Company (acronym MUSIC), an excess-and-surplus lines unit from Montpelier Re U.S. Holdings Ltd., for $55 million. Selective said the deal would be completed...
