Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Private Health Insurance Competition Weak in Many U.S. Markets
Aug 24 2009 // One of the most widely accepted arguments against a government medical plan for the middle class is that it would quash competition — just what private insurers seem to be doing themselves in many parts of the...
U.S. Courts Rejects California Law on Insurance Claims for Armenians
Aug 24 2009 // A federal appeals court invalidated a California law Thursday that allowed heirs of Armenians killed in the Turkish Ottoman Empire nearly a century ago to seek payment on the life insurance policies of dead relatives. The...
Source Says Macquarie in Talks to Acquire Fox-Pitt Kelton
Aug 21 2009 // Australia’s Macquarie Group Ltd. is in talks to acquire Fox-Pitt Kelton Cochran Caronia Waller, a small investment bank owned by its management and private equity firm J.C. Flowers & Co LLC, a person familiar...
Hurricane Bill to Pass Between Bermuda, U.S. Coast Saturday
Aug 21 2009 // Hurricane Bill became less organized Friday as it pursued a path that would take it between Bermuda and the eastern United States, the U.S. National Hurricane Center said. Bill, a Category 3 storm on the Saffir-Simpson...
Hurricane Bill Could Bring Dangerous Swells, Rip Currents to U.S. East Coast
Aug 20 2009 // Powerful Hurricane Bill, a dangerous Category 4 storm with 135 mph winds, raged across the open Atlantic Wednesday, days from land but on a path that could menace Canada’s eastern provinces next week. Sweeping past...
New CEO Says AIG to Repay U.S. Taxpayers, Boost Shareholder Value
Aug 20 2009 // Robert Benmosche, the newly appointed chief executive officer of American International Group Inc., says he expects the bailed-out insurer to be able to repay its federal debts and to boost value for shareholders,...
New AIG CEO Decides to Keep, Not Sell, Investment Advisory Unit
Aug 19 2009 // Robert Benmosche, the newly appointed chief executive of AIG, has started to cut up the insurer’s restructuring plan, deciding it is better to hold on to an investment advisory unit that is part of the...
Hurricane Bill Expected to Spare U.S. The Worst of Its Force
Aug 19 2009 // Hurricane Bill, the first of the 2009 Atlantic season, gathered strength and grew into a dangerous Category 4 storm with sustained winds of up to 135 mph (215 kph) on Wednesday, the U.S. National Hurricane Center...
Insurance Golfers: Birthplace of U.S. Golf in West Virginia For Sale
Aug 19 2009 // Attention all you insurance industry golfers filling out your gift lists: the birthplace of American golf is up for sale. Lewis Keller, the owner of West Virginia’s Oakhurst Links, says that after 50 years,...
New AIG CEO Benmosche to Be Paid $7 Million
Aug 18 2009 // American International Group Inc., the insurer that received billions of dollars in a U.S. bailout, said on Monday that it will pay newly-appointed Chief Executive Robert Benmosche an annual salary of $7 million. In a...
Hurricane Bill Expected to Strengthen to Category 3; Ana, Claudette Weaken
Aug 18 2009 // Hurricane Bill, the first hurricane of the 2009 Atlantic season, revved up quickly Monday as it headed toward Bermuda, while the remnants of Tropical Storm Ana dissipated without threatening the U.S. Gulf oil patch. Bill...
FERMA Supports RIMS Position on Brokers Contingent Commissions
Aug 17 2009 // The Federation of European Risk Management Associations (FERMA) has issued a bulletin expressing concerns over a new ruling in the US state of Illinois that allows brokers to resume taking contingent commissions. The...
Tropical Storm Claudette Hits Florida, Seen Fading
Aug 17 2009 // Tropical Storm Claudette, the third of the Atlantic hurricane season, moved ashore along the U.S. Gulf coast early Monday, the U.S. National Hurricane Center said. Claudette formed early Sunday morning. The storm hit the...
U.S. Pay Czar Weighs ‘Claw Backs’ over Executive Compensation
Aug 17 2009 // Kenneth Feinberg, the Obama administration’s pay czar, said on Sunday he has broad and “binding” authority over executive compensation, including the ability to “claw back” money already paid,...
Hurricane Bill Heads for Bermuda
Aug 17 2009 // Hurricane Bill, the first hurricane of the 2009 Atlantic season, gained strength quickly as it churned across open ocean Monday in the direction of Bermuda, the U.S. National Hurricane Center said. Two other tropical...
Hacker Indicted in Huge ID Theft: 130 Million Credit Cards
Aug 17 2009 // Federal officials announced the indictment of a Miami man in what they say is the largest identity theft ring ever exposed in the U.S. Albert Gonzales, 28, was indicted for conspiring to hack into computer networks...
Atlantic Could See Hurricane Season’s First Named Storm Today: Ana
Aug 12 2009 // The Atlantic could get its first named storm of the hurricane season later Wednesday, according to the U.S. National Hurricane Center. The basin’s second tropical depression is remaining just below tropical storm...
Insurers in Crosshairs of U.S. Health Care Reformers
Aug 11 2009 // The debate over reforming the U.S. health care system has zeroed in on one main target: insurance companies. Democrats and the Obama administration plan to spend August battling to win popular support to expand health care...
Swine Flu, Cross-Border Trucking on U.S., Canada, Mexico Summit Agenda
Aug 10 2009 // Leaders of the United States, Mexico and Canada gather today to present a united front to try to limit the spread of the H1N1 swine flu, but there is less unity on simmering trade issues. U.S. President Barack Obama,...
Investigators Still Search for Clues in NYC Air Crash
Aug 10 2009 // As investigators try to piece together how a small plane and tourist helicopter came to enter each other’s airspace over the Hudson River on a clear summer day, divers were to search for clues to the crash believed...
