Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
California Insurance Commissioner Addresses Insurer S&P Downgrade
Aug 11 2011 // California Insurance Commissioner Dave Jones yesterday issued the following statement in regard to the downgrade by Standard & Poor’s (S&P) of the credit rating of certain insurers from AAA to AA+ associated...
Second Court Allows Damages Suit Against Rumsfeld Over Alleged Torture
Aug 11 2011 // A lawsuit accusing former Defense Secretary Donald Rumsfeld of personal responsibility for U.S. forces allegedly torturing two American whistleblowers who worked for an Iraqi contracting firm will be allowed to move...
Goldman Faces Damages Suit Over Failed Credit Unions
Aug 11 2011 // The U.S. regulator of credit unions this week sued Goldman Sachs & Co. for more than $491 million in damages over losses incurred by two failed credit unions that purchased mortgage-backed securities underwritten by...
Sovereign Debt Pressure Spreads to Insurers’ Balance Sheets: A.M. Best
Aug 10 2011 // Continuing economic weakness in Europe and the debt crisis in the United States have elevated the risk profile of U.S. insurers, stirring insurance rating agency A.M. Best to stress test insurers for how they might be...
Private Weather Forecasters in High Demand
Aug 10 2011 // Heat and drought are parching the southern U.S. plains, floods and tornadoes have shattered long-standing records, and the tropical Atlantic is steaming into the traditionally busiest part of the hurricane season. With...
S&P Balks at SEC Proposal to Disclose Rating Errors
Aug 10 2011 // Standard & Poor’s, whose unprecedented downgrade of U.S. debt triggered a worldwide stocks sell-off, is pushing back against a U.S. government proposal that would require credit raters to disclose...
$2.1 Million Settlement Reached in Kentucky Military Malpractice Claim
Aug 10 2011 // An Army soldier who filed a lawsuit over the treatment of his wife’s cancer at a military hospital at Fort Campbell, Ky., has reached a settlement with the federal government for $2.15 million. U.S. District Court...
Captive Insurance Professionals Gather in Vermont for Annual Conference
Aug 9 2011 // Captive insurance professionals from throughout the United States and around the world are gathering in Burlington, Vermont next week for the world’s largest captive insurance conference. The Sheraton Hotel and...
S&P Takes Action on Insurance Groups Following U.S. Sovereign Downgrade
Aug 8 2011 // Standard & Poor’s Ratings Services lowered its long-term sovereign credit rating on the United States of America to ‘AA+’ and assigned a negative outlook on Aug. 5, and as a result the rating agency...
XL Names DeSimone President of U.S. Marine Operation
Aug 8 2011 // XL Insurance has appointed Richard DeSimone to the new position of president of its U.S. Ocean and Inland Marine unit. Prior to joining XL Insurance, DeSimone served as president of the Travelers Insurance Ocean Marine...
April Set U.S. Record for Tornadoes
Aug 5 2011 // The U.S. set a record for the most tornadoes within a month with April’s deadly storms. The final report for the month shows there were 753 twisters across the country, including a super outbreak on April 25-28 that...
Judge Allows Army Veteran to Sue Rumsfeld for Damages Over Torture
Aug 5 2011 // A judge is allowing an Army veteran who says he was imprisoned unjustly and tortured by the U.S. military in Iraq to sue former Defense Secretary Donald H. Rumsfeld personally for damages. The veteran’s identity is...
AIG Posts Q2 Profit on AIA Stake
Aug 5 2011 // Bailed-out insurer American International Group reported a profit for the second quarter Thursday, as tax benefits and its one-third stake in Asian insurer AIA offset a decline in operating income at its main...
Atlantic Hurricane Forecast Revised
Aug 4 2011 // Federal storm watchers issued an updated 2011 Atlantic hurricane season outlook today, raising the number of expected named storms from its pre-season outlook issued in May. Forecasters at the National Oceanic and...
Catlin Hit by $201 Million Net Loss for 1st 6 Months
Aug 4 2011 // The Bermuda-based Catlin Group Limited announced its financial results for the six-month period ended 30 June 2011 from its London office, highlighted by a $201 million net loss for the period, compared to an $86 million...
Raids by Cyber Thieves Are Unlikely to Stir Faster Global Action
Aug 4 2011 // A major new hacking attack underscores that governments and companies are losing the war against cyber thieves, but it’s unclear if the disclosure will prompt quicker global action against online break-ins. A U.S....
Top 10 Most Stolen Vehicles in U.S.
Aug 3 2011 // Two Honda models top the list of U.S. thieves’ favorite vehicles. The National Insurance Crime Bureau examined vehicle theft data submitted by law enforcement to the National Crime Information Center (NCIC) and...
U.S. Experts Blame a Government for Cyber Attacks; Is It China?
Aug 3 2011 // Security experts have discovered the biggest series of cyber attacks to date, involving the infiltration of the networks of 72 organizations including the United Nations, governments and companies around the...
When Rating Agencies Judge the World – an Analysis
Aug 3 2011 // The man who holds in his hands the fate of U.S. credit, and with it potentially the global economy, favors small tie knots, sports a bushy mustache and smokes his fair share of cigarettes. Beyond that, he is a mystery,...
General Re, AIG Executives’ Convictions Tossed; New Trial Ordered
Aug 2 2011 // Four former executives at Berkshire Hathaway Inc.’s General Re Corp. unit and one at American International Group Inc. won the reversal of their convictions over a reinsurance transaction that prosecutors said...
