Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
AIG Pays Back Another $2B on U.S. Treasury Debt
Aug 19 2011 // American International Group Inc. reported that it has reduced the remaining liquidation preference of preferred interests that the U.S. Department of the Treasury holds in AIA Aurora LLC to approximately $9.3 billion by...
AIR Chief on Cat Models: ‘What’s All The Fuss About?’
Aug 19 2011 // When it comes to revised hurricane models, AIR Worldwide CEO Ming Lee has one basic question, “What really is all this big fuss about?” Lee, whose Boston company launched the catastrophe modeling industry in...
Aruba Police Probe Insurance Link in Missing Tourist Case
Aug 19 2011 // A U.S. tourist detained in the presumed death of his travel companion on the Caribbean island of Aruba had an insurance policy that covered the missing woman, a prosecutor said Wednesday. Gary Giordano mentioned the travel...
QBE 1st Half Net Profits up 53% to US$673 Million
Aug 19 2011 // QBE, Australia’s global insurance group, announced a 53 percent increase in the half year net profit after tax of US$673 million. The group noted that this figure was “within the range provided to the market on...
AIG, Banks File Motion to Block Class Action Suit
Aug 18 2011 // Bailed-out insurer American International Group and dozens of banks have filed motions in federal court to block a proposed nationwide class-action suit against them over AIG’s 2008 near-collapse. Their argument is...
U.S. to Require Consumer Labels on Health Insurance Plans
Aug 17 2011 // Insurers and employers will have to spell out plainly the costs and benefits of the health plans they offer starting next year. The rule announced by U.S. health officials Wednesday is designed to better inform people...
Court Throws Out Writers’ Copyright Settlement with Publishers
Aug 17 2011 // A federal appeals court voided a class-action settlement in a case brought by freelance writers who accused publishers of reprinting their works in online databases without permission. The 2nd U.S. Circuit Court of Appeals...
As Disaster Losses Mount, U.S. Seeks to Make Country ‘Weather Ready’
Aug 17 2011 // Noting that the U.S. has experienced $35 billion in economic losses due to disasters already this year, the federal government is embarking upon a national plan it hopes will save lives and protect property from severe...
Wright USA Creates Career Protector E&O Plan for Government Personnel
Aug 17 2011 // Wright USA has launched a professional liability product tailored to United States government personnel who are responsible for managing the activities of others. The product – branded as the Career Protector Plan – is...
European Insurance Regulation Threatens U.S. System, Connecticut Regulator Warns
Aug 17 2011 // Adoption of European regulatory changes known as “Solvency II” as currently proposed could weaken U.S. consumer protections and stability of insurers, a state insurance commissioner has warned. Connecticut...
Oregon Family Sues Cargill Over Contaminated Turkey
Aug 17 2011 // A Cargill Inc. unit is being sued by an Oregon family who said their young daughter was hospitalized after eating Salmonella-contaminated turkey, the subject of one of the largest U.S. meat recalls ever. The lawsuit is one...
Madoff Trustee’s Loss Formula Upheld
Aug 17 2011 // A U.S. appeals court on Tuesday upheld a method developed by the trustee liquidating Bernard Madoff’s firm for determining how to calculate investor losses, handing a defeat to so-called “net...
Judge Weighs Damages Against Indiana School Over MySpace Photos
Aug 16 2011 // An Indiana school district violated the First Amendment rights of two teenage girls who were punished for posting sexually suggestive photos on MySpace during their summer vacation, a federal judge ruled. The case...
Insurance Australia Group to Acquire Stake in China’s Bohai Insurance
Aug 16 2011 // Insurance Australia Group Limited (IAG) announced it has agreed to acquire a 20 percent strategic interest in China’s Bohai Property Insurance Pty Ltd., a general insurer IAG said it would pay RMB687.5 million...
Michigan Man Loses Bid to Have Insurer Pay for Stem Cell Surgery
Aug 15 2011 // A motorcycle wreck turned a Lenawee County man into a paraplegic. Desperate for any relief, he chose stem-cell surgery in Europe, a procedure that may have improved his health but left him with a $51,000 bill. Now, after...
U.S. Court Rules Against Obama Healthcare Mandate
Aug 15 2011 // President Barack Obama’s signature healthcare law suffered a setback Friday when a U.S. appeals court ruled that it was unconstitutional to require all Americans to buy insurance or face a penalty. The U.S. Appeals...
Insurer Offers Bail Out to U.S. Government
Aug 15 2011 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 15, 2011. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....
China Buys U.S. Surplus Lines Industry
Aug 15 2011 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 15, 2011. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....
Industry Keeps Pace As America Gets Older, Wider
Aug 15 2011 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 15, 2011. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....
Judge Likely to Give French Shoemaker’s ‘Red’ Trademark Claim the Boot
Aug 12 2011 // In a court case that has all sides seeing red, a judge said this week that a French maker of luxury shoes worn by stars such as Sarah Jessica Parker, Scarlett Johansson and Halle Berry will likely fail in its effort to...
