Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
U.S. Supreme Court Upholds IRS Power to Demand Work Papers
May 25 2010 // The U.S. Supreme Court let stand an appeals court decision upholding the power of tax authorities to demand legal work papers from corporations. The lower court ruled in favor of an Internal Revenue Service bid for legal...
Concern over China’s Protectionism at 10 Year High Says U.S. Chamber
May 24 2010 // Concern among U.S. companies that China is backtracking on opening its economy are at a 10-year high, the head of the U.S. Chamber of Commerce said on Monday. Chamber President and Chief Executive Thomas Donohue said...
Montana Claims Rule Stands As Supreme Court Declines to Review
May 24 2010 // A Montana insurance rule that makes it more difficult for companies to deny claims will stand, after the U.S. Supreme Court declined to hear the case. “It is immensely important and affects the health insurance...
U.S. Drops Criminal Probe Against AIG Financial Products Executives
May 24 2010 // The U.S. Justice Department has dropped a probe of American International Group Inc. executives involving the credit default swaps that sent the insurer to the brink of bankruptcy and forced a huge taxpayer bailout,...
U.S. Vows to Replace BP on Oil Response If Necessary to Control Spill
May 24 2010 // The U.S. government will move aside BP from the operation to try to halt the Gulf of Mexico oil spill if it decides the company is not performing as required in its response to the well leak, U.S. Interior Secretary Ken...
Pressure Piles on BP As Gulf Oil Spill Widens
May 24 2010 // BP sharply reduced its estimate on Monday of how much oil it is siphoning off from a ruptured well in the Gulf of Mexico as Washington kept the pressure on the energy giant over the environmental debacle. British-based BP...
Wall Street Banks Handed Setback in ‘Hot News’ Copyright Case
May 21 2010 // Three Wall Street banks suffered a legal setback when a federal appeals court in New York put on hold a ban on financial news service Theflyonthewall.com Inc. from quickly reporting “hot news” about their...
Munich Re Securitizes $80 Million for Europe Windstorm, U.S. Hurricanes
May 21 2010 // Munich Re has obtained cover for US hurricane and European windstorm risks amounting to US$ 80 million from special-purpose vehicle EOS Wind Ltd, which placed a catastrophe bond in the market. “MEAG, Munich...
Senate Approves Financial Reform Bill
May 21 2010 // The U.S. Senate approved a sweeping Wall Street reform bill Thursday night, capping months of wrangling over the biggest overhaul of financial regulation since the 1930s. By a vote of 59-39, the Senate approved S. 3217,...
Insurance Safety Group: Keep Low-Speed Vehicles Off Public Roads
May 20 2010 // As more states are allowing souped-up golf carts and other low-speed vehicles on public roads, safety researchers for the insurance industry say they should apply the brakes to this trend even though the carts may be...
CCIR Commends EU for Opposing US Reinsurance Proposals
May 20 2010 // The Coalition for Competitive Insurance Rates (CCIR) has issued a bulletin commending the European Union for “speaking out against a controversial tax proposal on affiliated reinsurance included in President...
RMS Announces New Parametric Loss Index for Japan Quake Risks
May 19 2010 // Risk Management Solutions announced the addition of Japan earthquake to its existing suite of parametric industry loss indices covering U.S. hurricane, U.S. earthquake, and Europe windstorm. RMS said: “Paradex Japan...
U.S. Risk Names Sylim VP and Oakland Branch Manager
May 19 2010 // U.S. Risk Insurance Group Inc. has named Julie Sylim a vice president and branch manager for the company’s Oakland, Calif., office. Julie has mroe than 20 years of insurance experience, most recently in the wholesale...
Midwest Farmers Say Federal Risk Management Program Too Complex
May 19 2010 // Farmers from across the Midwest told a U.S. House committee that a crop risk management program introduced in the 2008 farm bill is a good tool but it’s way too complex. The Average Crop Revenue Election program...
Obama to Name Gulf Oil Spill Panel; BP Safety Record Faulted
May 18 2010 // President Barack Obama will create a presidential commission to probe the oil spill in the Gulf of Mexico and energy giant BP said Monday it had “turned the corner” in its efforts to contain it. London-based BP...
Coming Hurricane Season Could Complicate Gulf Oil Spill Disaster
May 18 2010 // BP’s oil spill could make for one of the highest-stakes U.S. Gulf hurricane seasons on record. Storms may scuttle clean-up efforts, force containment vessels to retreat, or propel spilled crude and tar balls over...
Court Says Employer’s Failure to Investigate Bias Claim Not Retaliation
May 17 2010 // A federal appeals court in New York said an employer’s failure to investigate a bias complaint does not constitute retaliation for filing the accusation. Friday’s ruling by the U.S. Second Circuit Court of...
BP Reports Some Success in Containing Gulf Oil Spill
May 17 2010 // Energy giant BP reported a limited success at containing the oil that is gushing unabated into the Gulf of Mexico Sunday but a skeptical U.S. government said it was “not a solution.” Reports of huge oil plumes...
U.S. Being Bankrupted By Disasters, Professor Tells Federal Reserve
May 17 2010 // America is emerging from a deep recession caused by financial messes on Wall Street, but Dr. J. David Rogers says the Federal Reserve is still being bankrupted by natural disasters. “The National Flood Insurance...
U.S. Risk Names Kearns Underwriter and Broker in Austin Office
May 17 2010 // Surplus lines wholesaler and managing general agency, U.S. Risk Insurance Group Inc., has named JoAnna Kearns a broker/underwriter in the U.S. Risk Brokers Austin, Texas, office. Kearns has nearly 10 years of insurance...
