Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Insurer Wins Appeal in Lead-Contaminated Chinese Toy Case
May 3 2010 // A federal appeals court has ruled that an insurance company has no duty to defend against class action lawsuits filed in Illinois targeting the company’s insured, a Chinese manufacturer of toys sold in the United...
AmWINS CEO DeCarlo on Colemont Merger, Texas and Going Global
May 3 2010 // The acquisition of wholesale insurance broker Colemont Insurance Brokers by its competitor AmWINS Group gives AmWINS entry into international markets for the first time and a bigger presence in Texas, where Colemont is...
Who’s In the Path of 2010 Hurricane Season?
May 3 2010 // The North Atlantic hurricane season begins June 1 and lasts through November 30. Facts from the U.S. Census Bureau highlight the number of people living in areas that could be most affected by these dramatic acts of...
AmWINS CEO DeCarlo on Colemont Merger, Texas and Going Global
May 3 2010 // The acquisition of wholesale insurance broker Colemont Insurance Brokers by its competitor AmWINS Group gives AmWINS entry into international markets for the first time and a bigger presence in Texas, where Colemont is...
AmWINS CEO DeCarlo on Colemont Merger, Texas and Going Global
May 3 2010 // The acquisition of wholesale insurance broker Colemont Insurance Brokers by its competitor AmWINS Group gives AmWINS entry into international markets for the first time and a bigger presence in Texas, where Colemont is...
Gulf States’ Wildlife Reserve, Tourism, Fisheries at Risk from Oil Spill
Apr 30 2010 // A massive oil slick from a blown-out well in the Gulf of Mexico is expected to reach a wildlife reserve at the mouth of the Mississippi River Thursday as it threatens the environmentally delicate coastline of Louisiana and...
Everest Re Posts $22.7 Million Q1 Net Loss; Operating Loss $73.8 Million
Apr 30 2010 // The Bermuda-based Everest Re Group reported a net loss of $22.7 million, or $0.38 per common share, for the first quarter 2010, compared to net income of $108.6 million, or $1.76 per diluted common share, for the first...
Beyond the Flood Zone: Storm Surge Multiplies Coastal Vulnerabilities
Apr 30 2010 // “Homeowners can mitigate against wind damage, but they’re powerless, really, to do anything against storm surge,” says one researcher whose job it is to develop ways to determine the vulnerability of...
U.S. Congressman Requests Disaster Assistance for Louisiana Fishermen
Apr 30 2010 // U.S. Congressman Charlie Melancon of Louisiana has urged federal administrators to direct disaster funding to Louisiana’s commercial and recreational fishermen as a result of the explosion and oil spill from the...
Gulf of Mexico Leak Grows, Oil Slick Near Shore
Apr 29 2010 // The U.S. Coast Guard said Wednesday five times as much oil as previously estimated was leaking from a well beneath the site of a deadly drilling rig explosion as the slick threatened wide-scale coastal damage for four U.S....
Goldman Puts Berkshire’s Buffet in Tough Ethical Spot
Apr 29 2010 // Warren Buffett’s reputation as a stickler for good business ethics has put the billionaire in an awkward spot because of an investment in Goldman Sachs Group Inc. In Sept 2008, at the height of the financial crisis,...
U.S. Targets Crop Insurers’ Profits
Apr 29 2010 // The federal government wants to save taxpayers billions of dollars by reducing spending on crop insurance after years of big profits by insurers, but the industry claims the reductions could hurt rural areas. The U.S....
Federal Judge Awards $164K in Damages in Chinese Drywall Case
Apr 29 2010 // A federal judge in Louisiana has ordered a manufacturer of faulty drywall from China to pay more than $164,000 to a Louisiana family as result of damage to their home from the wallboard. The ruling is the second time in...
AIG Sale of Asian Unit AIA to Prudential Hits Snag
Apr 28 2010 // Prudential is facing the makings of a shareholder revolt over its $35.5 billion deal to buy AIA, raising the prospect the deal could fail and adding to pressure for a breakup of the British insurer...
Antigua ex-Financial Regulator Ordered Extradited in Stanford Case
Apr 27 2010 // Antigua and Barbuda’s former top financial regulator was ordered Monday to be extradited to the United States to face charges he assisted accused Texas financier Allen Stanford in an alleged $7 billion fraud, a...
Lockton Launches ‘Scope, Insurance’ for Surgery Outside of U.S.
Apr 27 2010 // The Lockton Companies (Singapore) Pte Ltd has launched an insurance product to cover the cost of medical complications for medical travelers receiving surgery abroad in collaboration with QBE International Ltd, the...
Financial Reform Bill Stumbles in U.S. Senate
Apr 27 2010 // The most sweeping overhaul of U.S. banking rules since the Great Depression stumbled in the Senate Monday as Republicans united to prevent action on the bill. The vote gives Republicans leverage to extract more concessions...
Federal Court Strikes Blow to Wal-Mart in Sex Discrimination Suit
Apr 27 2010 // A landmark sex-discrimination lawsuit against Wal-Mart Stores Inc. may proceed as a class-action case, a federal appeals court said, dealing the retailer a major blow and exposing it to billions of dollars of potential...
Survey: More U.S. Businesses Anticipate Payroll Growth
Apr 26 2010 // More U.S. companies, including those in the insurance industry, plan to increase their work force over the next six months, a survey showed on Monday. The National Association for Business Economics said its industry...
A.M. Best: U.S. P/C Industry Results Rebound
Apr 26 2010 // The U.S. property/casualty industry reported a strong fourth quarter topping off a solid year, according to rating analysts. Net income climbed to $31.1 billion in 2009, driven by improved underwriting results, the...
