Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Starbucks Defeats New York Woman’s Tea Burn Lawsuit
Nov 3 2010 // A Manhattan woman has failed to persuade a U.S. appeals court that Starbucks Corp should be held liable for severe burns she suffered after spilling tea served in a double cup. The 2nd U.S. Circuit Court of Appeals upheld...
White House to Business: Why Can’t We Be Friends?
Nov 3 2010 // It seemed like the beginning of a beautiful friendship — or at the very least a functional relationship. In March 2009, with the United States on the brink of recession and the stock market at 12-year lows, President...
Can Republicans Repeal U.S. Healthcare Overhaul?
Nov 2 2010 // Republicans have vowed to repeal and replace President Barack Obama’s healthcare overhaul — or at least obstruct many of its provisions — if they win control of Congress on Tuesday. National polls show...
Declarations
Nov 1 2010 // Pioneering “This new lab is a tangible, dramatic, generous demonstration of the property insurance industry’s deep commitment to reducing and preventing losses that disrupt the lives of millions of home and...
300 Homes to Be Repaired in Settlement With Chinese Drywall Firm
Nov 1 2010 // A Chinese drywall manufacturer has agreed to participate in the remediation of up to 300 homes in Alabama, Mississippi, Louisiana and Florida that were contaminated by faulty drywall. The agreement reached with Knauf...
300 Homes to Be Repaired in Settlement With Chinese Drywall Firm
Nov 1 2010 // A Chinese drywall manufacturer has agreed to participate in the remediation of up to 300 homes in Alabama, Mississippi, Louisiana and Florida that were contaminated by faulty drywall. The agreement reached with Knauf...
Fireman’s Fund Ready to Rally
Nov 1 2010 // Company Progressing on Mass Market Strategy Fireman’s Fund’s financials, like other insurance carriers’, got bruised a little in the first half of 2010, following some heavy catastrophe losses. But...
Soft Market Persists; Fierce Competition to Continue into 2011: Marsh
Nov 1 2010 // Soft commercial insurance market conditions persisted through the third quarter of 2010, with lower rates on average across major coverage lines, according to a new report from broker Marsh. Intense competition and...
China’s Legal System: an Insurance Perspective
Oct 29 2010 // Years ago a lawyer friend told me of an experience. While teaching a group of Chinese lawyers, he proposed a question to them of who is responsible if a vehicle hits a pedestrian in a cross walk? The class said it was the...
AIA Shares Surge 17% on Trading Debut in Hong Kong
Oct 29 2010 // AIA Group Ltd surged 17 percent in its Hong Kong debut on Friday as investors, chasing exposure to Asia’s fast-growing life insurance business, piled into the record offering in the world’s hottest IPO...
Panel Finds Halliburton At Fault for Flawed Cement in BP Oil Well
Oct 29 2010 // Halliburton Co. used flawed cement in BP Plc’sdoomed Gulf of Mexico well, which could have contributed to the blowout that sparked the worst offshore oil spill in U.S. history, a White House panel said...
Ratings Roundup: Dah Sing, Qualitas, Nissan Global
Oct 28 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bermuda-based Dah Sing Insurance Company Limited (DSI), both with stable outlooks....
Best Affirms Torus Insurance and Operating Subsidiaries Ratings
Oct 27 2010 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength ratings of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Torus Insurance (Bermuda) Limited, Torus...
U.S. Seeks China’s Help for Homeowners with Drywall Claims
Oct 27 2010 // The U.S. is hoping China will help persuade its manufacturers of tainted drywall to cooperate in helping homeowners fix their homes, the chairman of the Consumer Products Safety Commission said. Inez Tenenbaum, in Shanghai...
Analysts Watching How Insurers Handle Low Interest Rates, Pricing
Oct 26 2010 // Insurers are under growing pressure from two fronts, each of which promises to be a key focus in earnings reports the next two weeks — depressed interest rates that could dampen investment income in coming years and...
Possible Successors to AIG’s Benmosche
Oct 26 2010 // Bailed-out insurer American International Group said on Monday that Chief Executive Robert Benmosche has cancer and is undergoing aggressive chemotherapy. AIG said Benmosche intends to work a full schedule during his...
Hurricane Richard Hits Belize; Could Reach Mexico’s Oil Fields
Oct 25 2010 // Hurricane Richard struck the tiny Central American nation of Belize Sunday, blowing roofs off houses and knocking out electricity as tourists and residents huddled in emergency shelters. Richard, which made landfall just...
Court Upholds Conviction of Former Alabama Insurance CEO Goff
Oct 25 2010 // A federal appeals court has upheld the conviction of a former Montgomery insurance executive who was once a major supplier of workers compensation insurance in the Southeast. The 11th U.S. Circuit Court of Appeals in...
New Jersey School Chief Charged in Insurance Kickback Scheme
Oct 25 2010 // The superintendent of New Jersey’s fourth-largest school district surrendered to the FBI on Thursday and was charged with fraud and bribery over an alleged insurance-kickback scheme that federal officials called...
AIG Raises $17.9 Billion; Prices AIA IPO at Top of Range
Oct 22 2010 // AIA, the Asian life insurance arm of AIG, raised $17.9 billion by pricing its Hong Kong IPO at the top of its range, as investors piled into a company with a wide footprint across rapidly growing Asia. The pricing of the...
