Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Zurich to Offer Contract Litigation Insurance for Real Estate Firms
Sep 21 2011 // Zurich, a provider of property and casualty insurance in North America and globally, now offers Contract Litigation Insurance (CLI). According to the Bureau of Justice Statistics, the most common form of civil litigation...
U.S. Risk Acquires American Special Risk of California
Sep 21 2011 // Woodland Hills, Calif.-based American Special Risk Insurance Services has been acquired by managing general agency and surplus line wholesaler U.S. Risk Insurance Group Inc. American Special Risk is a managing general...
U.S. RE Executive Joins N.Y. Reinsurance Broker Holborn
Sep 21 2011 // Independent reinsurance broker Holborn Corp. has appointed Arthur Dougherty as a senior vice president in the firm’s New York City headquarters. Dougherty is an industry veteran, having worked more than three decades...
Cooper Gay Swett & Crawford: A Global Broker Pioneers a New Path
Sep 21 2011 // Cooper Gay Swett & Crawford (CGSC) is the largest independent (i.e. privately owned by its employees and private equity funds) global wholesale and reinsurance broker. Over 1,400 professionals work in some 60 offices...
Consumers Not Required to Arbitrate Warranty Claims with Car Dealers: Court
Sep 21 2011 // A federal appeals court handed car owners a victory by striking down a requirement that they arbitrate warranty disputes with dealers. Reversing a lower court ruling, the 9th U.S. Circuit Court of Appeals agreed with a...
Former Controller for Texas Insurer Sentenced for Wire Fraud Scheme
Sep 20 2011 // The former controller for a Houston-based property/casualty insurance company has been sentenced to 120 months in federal prison for her conviction of conspiracy to commit wire fraud involving almost $1 million in loss to...
Italy Downgrade, Greek Worry Dominate Europe’s Financial Markets
Sep 20 2011 // Standard & Poor’s downgrading of Italian debt hit the euro on Tuesday, although stock investors shrugged off the move to push European stocks higher. Markets remain on edge about Greece’s rickety finances...
U.S. Court Unfreezes $18 billion Ecuador Award against Chevron
Sep 20 2011 // A U.S. appeals court reversed an order freezing enforcement outside of Ecuador of an $18 billion damages award against Chevron Corp over pollution in the Amazonian rain forest. The order, issued by the 2nd U.S. Circuit...
More Than 800,000 Vehicles Recalled in U.S. Last Week
Sep 20 2011 // Automakers, including Hyundai Motor Co. and Subaru recalled more than 800,000 cars and trucks last week for defects including faulty airbags, according to federal regulators. Separately, the National Highway Traffic Safety...
Court Dismisses U.S. Suit Against BP Executives, Directs Investors to File in UK
Sep 19 2011 // Current and former BP executives and directors won dismissal last week of one of several U.S.-shareholder lawsuits filed over last year’s Gulf of Mexico oil spill. A federal court in Houston on Sept. 15 said it was...
New Patent Reform Law Aims to Reduce Backlog, Curb Lawsuits
Sep 19 2011 // President Barack Obama signed into law a patent overhaul bill Friday that backers say will curb frivolous lawsuits and help the U.S. Patent and Trademark Office do the hiring needed to clear a huge backlog of...
Punitive Damages Ruling May Be Pivotal in BP Case
Sep 19 2011 // A key court ruling in the Gulf of Mexico oil spill litigation could change the landscape in the massive case — encouraging more plaintiffs to sue, or spurring the parties to make a deal to resolve what could be a long...
Damages Ruling May Be Pivotal in BP Gulf Oil Case
Sep 19 2011 // A key court ruling in the Gulf of Mexico oil spill litigation could change the landscape in the massive case – encouraging more plaintiffs to sue, or spurring the parties to make a deal to resolve what could be a...
U.S. Taking a Beating from Disasters
Sep 19 2011 // Nature is pummeling the United States this year with extremes. Unprecedented triple-digit heat and devastating drought. Deadly tornadoes leveling towns. Massive rivers overflowing. A billion-dollar blizzard. And now,...
The Increasing Cost of Data Breaches
Sep 19 2011 // The cost of responding to data breaches is on the rise, according to a recent study. The 2010 Annual Study: U.S. Cost of a Data Breach, released in March 2011 by Symantec Corp. and privacy and information management...
Court Tosses Virginia Challenge to Healthcare Law
Sep 19 2011 // A U.S. appeals court handed President Barack Obama a victory for his signature healthcare law on Sept. 8, ruling against challenges by the state of Virginia and others seeking to invalidate the law as unconstitutional. The...
Customer Satisfaction with Home Insurers Improves, Says J.D. Powers
Sep 19 2011 // Customer satisfaction with homeowners insurance companies this year is up from 2010, but still remains below levels achieved in 2009. Overall satisfaction with homeowners insurance companies averages 769 in 2011 —...
Insurers Try to Revive 9/11 Suit Against Saudis
Sep 19 2011 // Insurers that paid out millions after the Sept. 11 terrorist attacks are trying to revive a lawsuit that accuses Saudi Arabia of funneling money to al-Qaida. A U.S. appeals court in New York had ruled in 2008 that the...
U.S. Municipal Bond Market Shrinks
Sep 16 2011 // The size of the U.S. municipal bond market shrank to $2.89 trillion in the second quarter of 2011 from $2.91 trillion in the first quarter, Federal Reserve data showed Friday. It was the second quarterly contraction in a...
Business Lobby Looks to Soften Foreign Corrupt Practices Act
Sep 16 2011 // The U.S. Chamber of Commerce has put reshaping a U.S. anti-bribery law near the top of its legislative wish list, setting up a battle pitting the powerful business lobby group against supporters of the statute who say it...
