Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
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...
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...
