Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
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...
How Debt Ceiling Politics Impact P/C Insurance Industry
Aug 1 2011 // As they watched Congress struggle to put a debt deal in place by Aug. 2, U.S. insurers worried about their companies’ portfolios, short- and long-term interest rates and a decline in equity markets. The leading...
U.S. Upgrades Safety Probe of Ford, Mercury Models
Aug 1 2011 // U.S. safety regulators have upgraded an investigation into consumer complaints that 2010 model year Ford Fusion and Mercury Milan cars may suffer from wheel stud fractures that could cause a wheel to come off. The...
Large Investors Sue Bank of America
Aug 1 2011 // Bank of America Corp. was sued by 15 former Countrywide Financial Corp. institutional investors who said they lost money after being misled about the mortgage lender’s financial condition and lending...
Bank of America Loses Bid to Dismiss Fraud Claims
Aug 1 2011 // Bank of America and two former executives lost a bid on Friday to dismiss securities fraud claims alleging they misled investors about the bank’s 2008 acquisition of Merrill Lynch & Co. U.S. District Court Judge...
Dodd-Frank Anniversary: What About Insurance?
Aug 1 2011 // The Dodd-Frank Wall Street Reform and Consumer Protection Act rewrote the landscape of the financial markets and it has permeated all sectors of the global economy. A year after the Dodd-Frank Act was signed, there...
The Future in Auto Claim Prevention
Aug 1 2011 // Vehicle Technology Tools, Red Light Cameras, Better Roads and More Give Way to Reduction in Claims There has been a reduction in auto insurance property damage and injury claims within the past 50 years through the...
Study: U.S. Metro Areas Most Able to Withstand a Disaster
Aug 1 2011 // Which U.S. metro region is most likely to come out of the next economic recession, natural disaster or other regional “shock” relatively unscathed? According to University at Buffalo researchers, Washington,...
People
Aug 1 2011 // Wholesaler Swett & Crawford has added Ricky Dawson to its casualty staff in New York. Dawson, who has a background in both insurance wholesale brokerage and underwriting, previously served as a wholesale broker with...
Audit Criticizes Administration of Defense Base Insurance Program
Jul 29 2011 // A recent governmental audit of the workers’ compensation insurance program for U.S. government contractors working on Afghanistan reconstruction is highly critical of the program’s administration by the U.S....
Fairfax Financial Profit Rises on Investments
Jul 29 2011 // Fairfax Financial Holdings, which took a 9 percent stake in Bank of Ireland earlier this week, said Thursday its quarterly profit rose from a year earlier due mainly to increases in its stock and bond portfolios. The...
Insurance Co. and Colorado Farmers Settle Fraud Claim
Jul 28 2011 // Two Colorado potato farmers and the Great American Insurance Company have agreed to settle a case in which they are accused of making false crop insurance claims for $131,000, the U.S. attorney in Denver, John Walsh,...
