Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
New AIG CEO Benmosche Reaches Out to Ex-CEO Greenberg
Aug 27 2009 // AIG to Hank: All is forgiven, we need your help! That is the message from Robert Benmosche, the new CEO of American International Group Inc., to Maurice “Hank” Greenberg — the man who built the company...
Reuters: Interview with New AIG CEO Benmosche in Croatia
Aug 27 2009 // Wearing flip-flops, khaki shorts and a green polo shirt, the new chief executive of bailed-out insurer American International Group Inc. says he’s getting a lot of work done from his massive villa overlooking the...
New Paper Evaluates Current State of Insurance Regulation and Its Future
Aug 27 2009 // The current state of the financial services industries and the role of the federal government in regulating these industries, including the insurance sector, continues to be a matter of debate in Congress. To help assess...
Tropical Storm May Form Today
Aug 26 2009 // The U.S. National Hurricane Center said an area of disturbed weather centered about 470 miles east of Nassau in the Bahamas could become the season’s latest tropical depression, or more likely, tropical storm, later...
Atlantic Tropical Wave Could Become Cyclone, Warns U.S. Hurricane Center
Aug 25 2009 // The U.S. National Hurricane Center said Tuesday a tropical wave in the western Atlantic Ocean northeast of Puerto Rico had a high chance — greater than 50 percent — of becoming a tropical cyclone during the...
Bailed Out Firms Making Compensation Subject to Government Approval
Aug 25 2009 // Citigroup Inc., Bank of America Corp. and AIG are forging new employment contracts that let them void compensation agreements if they are challenged by the U.S. government, according to a person familiar with some recent...
Huge Hacking Case Highlights Companies’ Vulnerability to Breaches
Aug 24 2009 // Consumers and companies are vulnerable to hackers and identity thieves even after U.S. authorities arrested a man they said was a master hacker who stole 170 million credit and debit card numbers. Estimates on the total...
Hurricane Bill Drenches Eastern Canada; Two Die in U.S.
Aug 24 2009 // Hurricane Bill brought rain and heavy winds to eastern Canada Sunday after pounding the U.S. East Coast with heavy seas that killed two people. A seven-year-old girl died in a hospital after she was pulled unresponsive...
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...
