Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
U.S. to Make Trucking Firm Repeat Violators Install Electronic Recorders
Apr 6 2010 // A new federal regulation will require trucking companies that repeatedly violate driver time limits to install electronic recorders that track how long drivers are at the wheel. But the recorders will only be required for...
At Least 25 Dead in West Virginia Coal Mine Blast
Apr 6 2010 // An explosion ripped through a West Virginia coal mine owned by Massey Energy, killing at least 25 miners in the deadliest U.S. mining disaster since 1984. Governor Joe Manchin said Tuesday morning that four miners remained...
AIG Financial Products Executive Cassano Still Faces SEC Probe
Apr 6 2010 // The former head of the American International Group division that nearly bankrupted the giant insurer isn’t out of the woods yet. Joseph Cassano, who ran London-based AIG Financial Products and oversaw its disastrous...
South Korea Sends Destroyer After Pirates Seize Oil Tanker
Apr 6 2010 // South Korea has sent a destroyer to intercept a supertanker carrying as much as $170 million worth of crude oil that was seized by Somali pirates, officials said on Monday. The South Korean-operated, Singapore-owned Samho...
U.S. High Court Weighs Foreign Investors Suing in U.S. Courts
Apr 6 2010 // The Supreme Court indicated this week it could prohibit foreign investors from using U.S. securities law and American courts to sue a foreign bank for fraud. The court heard argument in a challenge from Australian...
3 From Mississippi Reportedly Sue Over Health Care Law
Apr 6 2010 // Three Mississippi residents have filed suit in federal court challenging the Obama Administration’s new health care law, a newspaper reported. The suit was filed Friday in U.S. District Court in Hattiesburg on behalf...
Experts Estimate $300 Million in Losses from Mexico Earthquake
Apr 6 2010 // Damage estimates from Sunday’s 7.2 magnitude earthquake in Mexico, just south of California, are not expected to exceed $1 billion, and insured losses should not exceed $300 million, according to risk modeling firm...
People
Apr 5 2010 // Accident Fund Insurance Company of America, based in Lansing, Mich., appointed Lisa Riddle the new vice president of Claims and Medical Operations. In her new role, Riddle is responsible for the strategic direction of...
P/C Insurers Can Handle Chinese Drywall Costs, Says Moody’s
Apr 5 2010 // Property/casualty insurers are expected to continue to handle costs for defective Chinese drywall claims in the normal course of business, according to a rating analyst with Moody’s Investors Service. Losses from...
Insurer’s Study Shows U.S. Refineries Plagued by Deadly Accidents
Apr 5 2010 // U.S. oil refineries have an ongoing problem with accidents that turn deadly, losing four times as much money from such incidents than refineries in the rest of the world, according to an insurance company report obtained...
Washington Tesoro Refinery Blast That Killed 5 Under Investigation
Apr 5 2010 // A Tesoro Corp. oil refinery blast and fire that claimed five lives is now the subject of state and federal investigations. The company, and the state Department of Labor and Industries has also launched its own probe. The...
Beauvais to Head Ironshore’s Construction Practice in U.S.
Apr 5 2010 // Specialty insurer Ironshore Inc. announced that Ben Beauvais will head the company’s domestic construction practice within its U.S. Specialty Casualty division, including the operations of IronBuilt. Beauvais, based...
U.S. Fines Toyota $16M for Not Reporting ‘Sticky Pedal’ Defect
Apr 5 2010 // The National Highway Traffic Safety Administration (NHTSA) is seeking the maximum civil penalty of $16.375 million against Toyota Motor Corp. for failing to notify the auto safety agency of the dangerous “sticky...
Declarations
Apr 5 2010 // Flood Hiatus “That’s scary.” —John Prible, vice president of federal government affairs for the Independent Insurance Agents and Brokers (the Big “I”), commenting on the prospect of Congress...
Marsh Refuses to Accept Contingent Commissions
Apr 5 2010 // Insurance broker Marsh says its main brokerage unit will not accept contingent commissions on business for U.S. or Canadian clients but its Marsh & McLennan Agency and its affinity and personal lines business units...
U.S. Prosecutors Targeting Mid-Level, Senior Corporate Officers in Foreign Bribery Cases
Apr 5 2010 // Woodruff Sawyer’s Amantea Advises Adding Specific D&O Endorsement to Ensure Coverage Directors and officers will be the target of more federal prosecutions under the U.S. anti-bribery statute, said a top U.S....
States Take Action Against Health Care Reform
Apr 5 2010 // Many U.S. states are worried that the health care overhaul plan approved by the U.S. House of Representatives will usurp their sovereignty and impose more spending on their already stretched budgets. Republican attorneys...
AIG Expects to Repay Government Before 2013, Says CEO
Apr 2 2010 // American International Group Inc.’s chief executive said Thursday he is “pretty comfortable” the bailed-out insurer will be able to repay the U.S. government before the 2013 expiration of its credit...
The Hartford to Restructure for Growth, Target Small to Medium Accounts
Apr 2 2010 // Hartford Financial Services Group Inc. will restructure itself under a plan to reignite growth by courting small- and medium-sized businesses as clients and reining in risk. The announcement of the plan comes a day after...
U.S. Treasury Appoints E-Trade, EDS Executives to AIG Board
Apr 2 2010 // The U.S. Treasury Department Thursday named two former executives of E-Trade Financial and Electronic Data Systems to serve on the the board of directors of American International Group, the insurer bailed out by the...
