Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Report: Counties with Levees Are Among the Nation’s Most Economically Sound
Jan 24 2010 // Flooding Costs Are Outweighed by Regional Economic Benefits There are hundreds of levees around the United States that protect vulnerable areas and tens of millions of people from potentially devastating floods each year....
Business Moves
Jan 24 2010 // Towers Perrin, Watson Wyatt Towers Watson & Co. has completed the merger of Towers Perrin and Watson Wyatt. The transaction to form Towers Watson, a global professional services company, was announced on June 28,...
Business Moves
Jan 24 2010 // U.S. Risk, Goss Re U.S. Risk Insurance Group Inc., based in Dallas, has expanded into the specialty reinsurance brokerage marketplace with Goss Reinsurance Brokers Inc. Goss Re will operate as a specialty reinsurance...
Report: Counties with Levees Are Among the Nation’s Most Economically Sound
Jan 24 2010 // Flooding Costs Are Outweighed by Regional Economic Benefits Hundreds of levees around the United States protect vulnerable areas and tens of millions of people from potentially devastating floods each year. Yet hardly...
New York Sees Promise in Own London-Like Market
Jan 24 2010 // But Skeptics Question Timing for Revival of U.S. Insurance Exchange A recently announced plan by New York’s governor to boost his state’s financial services industry by recreating the New York Insurance...
Tragedy in Haiti; XL Moves to Ireland; NYC Exchange Doesn’t Worry London; WEF Prepares for Davos
Jan 24 2010 // The tragedy in Haiti is a reminder of how fragile life can be in developing countries.Despite the massive loss of life and widespread destruction in and around the capital Port-au-Prince, vital rescue efforts have been...
Insurance Agent, Researcher Charged in Illinois Murder-for-Hire Scheme
Jan 21 2010 // A suburban Chicago insurance agent and a former university research technologist are charged in an alleged murder-for-hire scheme aimed at killing a federal prosecutor and drug enforcement agent, officials said. Jack Mann,...
Former Insurance Co. Employee Sentenced for Stealing from Carrier, Agents
Jan 21 2010 // Mark Camacho, 41, of Cedar Hill, Texas, a former employee of Americo Life Insurance Co., was sentenced in federal court for stealing more than $900,000 from the carrier and its agents’ commission accounts. Chief U.S....
AXA Asia Pacific Profit Upgrade Stirs Talk of Higher Bid
Jan 21 2010 // Life insurer and fund manager AXA Asia-Pacific Holdings Ltd expects to report a forecast-beating profit for 2009, putting pressure on rival bidders to raise their offers in a $12 billion battle for the company. AXA...
U.S. Senate Vote Dims Hopes for Stronger World Climate Pact
Jan 21 2010 // Hopes for stronger world action in 2010 to curb climate change have dimmed after the U.S. Democrats lost a key Senate seat to a Republican opposed to capping emissions, experts said Wednesday. The election of Republican...
AIG Owes $195 Million to Financial Product Unit Employees
Jan 21 2010 // A substantial number of AIG’s Financial Products employees set to get some $195 million in retention payments no longer work with the bailed out insurer, sources familiar with the matter said Wednesday. This will be...
West Virginia Seeking to Restore Confidence In State Supreme Court
Jan 20 2010 // Gov. Joe Manchin and the state Supreme Court hope to shore up public confidence in a West Virginia judicial system that has been scrutinized by the nation’s highest court and branded a “hellhole” by the...
General Re Settles Fraud Charges Over AIG, Pru Financials
Jan 20 2010 // The Securities and Exchange Commission today charged General Re Corp. for its involvement in separate schemes by American International Group (AIG) and Prudential Financial, Inc. to manipulate and falsify their reported...
Best Affirms Aspen’s ‘A’ Ratings
Jan 19 2010 // A.M. Best Co. has affirmed the financial strength ratings of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Aspen Insurance UK Limited (AIUK), Bermuda-based Aspen Insurance Limited...
U.S. Senator Seeks Details on AIG Exec’s Severance
Jan 19 2010 // A watchdog senator Friday asked the Obama administration pay czar to explain why a top AIG executive stands to get a multi-million dollar severance package. Sen. Chuck Grassley sent a letter to pay czar Kenneth Feinberg...
Former N.D. Regulator Possibly a Candidate to Lead Insurance Lobby
Jan 19 2010 // U.S. Rep. Earl Pomeroy of North Dakota is not seeking the presidency of a Washington lobbying group for life insurers, a spokeswoman said, although an industry representative called the North Dakota Democrat a...
Wall Street Barons Concede Failures, Offer No Apologies
Jan 14 2010 // Wall Street’s chiefs acknowledged taking on “too much risk” and having “choked” on their own cooking, but stopped short of an apology as they sparred with a commission looking into the...
Obama to Seek Fees From Banks, AIG to Recoup Bailout Funds
Jan 14 2010 // President Barack Obama will propose a fee Thursday to recoup from the country’s top financial institutions up to $117 billion lost on a taxpayer bank bailout fund, a senior administration official said. Obama will...
Troops, Food Headed for Haiti As Quake Toll Soars
Jan 14 2010 // Troops and planeloads of food and medicine trickled in to Haiti Thursday to aid a traumatized nation still rattled by aftershocks from the catastrophic earthquake that flattened homes and government buildings and buried...
Congressional Pressure Builds to Disclose AIG Payments to Banks
Jan 13 2010 // U.S. lawmakers moved Tuesday to force release of documents that may show whether the New York Federal Reserve pressured insurer AIG to limit discussions about payments to banks when current Treasury Secretary Geithner led...
