Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
OSHA Cites Wisconsin Excavation Firm for Cave-In Hazards
Feb 27 2009 // A northern Wisconsin excavating company purposely risked workers to potential trench cave-ins and was cited for safety violations that carry nearly $700,000 in fines, the U.S. Occupational Safety and Health Administration...
U.S. Pays $100M to Florida Cold War Workers with Occupation Illnesses
Feb 27 2009 // The U.S. Department of Labor said it has paid more than $100 million in compensation and medical benefits to Florida residents under the Energy Employees Occupational Illness Compensation Program Act (EEOICPA). The act was...
U.S. Senate Panel Sets March 5 Hearing on AIG
Feb 26 2009 // The U.S. Senate Banking Committee has scheduled a hearing on March 5 to examine government aid to insurer American International Group Inc, a source familiar with the hearing said Wednesday. Federal Reserve Board Vice...
AIG Mulls Further Government Stakes As Auction Deadline Looms
Feb 26 2009 // Beleaguered U.S. insurance giant American International Group may allow the U.S. government to take control of certain assets should the sale of stakes in various units fail to produce attractive offers, according to a...
Zurich Integrated Products Expands into Southeast, South Central U.S.
Feb 26 2009 // Zurich North America Commercial will begin accepting new business in 11 South Central and Southeastern states through its new Zurich Integrated Products unit, which services commercial customers in between the...
AIG’s Hopes for Sale of Asian Life Unit AIA Rest With 3 Bidders
Feb 25 2009 // Three potential bidders remain interested in the sale of a large stake in American International Group’s $20 billion Asian life insurance unit, people close to the matter said on Wednesday, as the auction heads into...
O’Sullivan Says Zurich Financial Sees Tougher 2009
Feb 25 2009 // Zurich Financial Services AG will find this year tougher than 2008, when profit fell 47 percent, a senior executive of the Swiss insurer said on Wednesday. Patrick O’Sullivan, vice chairman of the management board...
U.S. Considering ‘Controlled Breakup’ of AIG To Keep It Afloat
Feb 25 2009 // American International Group and U.S. authorities are in advanced discussions over a radical restructuring that would split the insurer into at least three government-controlled divisions in an attempt to keep it afloat,...
AIG Seen Willing to Give Up Majority Control of Asia ‘Jewel’ AIA
Feb 24 2009 // American International Group Inc., facing massive losses and seeking fresh funds, may be willing to give up control of its prized Asian division, worth about $20 billion, said sources with direct knowledge of the...
One Quarter of Oklahoma Bridges Structurally Deficient
Feb 24 2009 // In 2004, a football-sized piece of concrete fell from a bridge and crashed through Yvonna Osborn’s windshield while she was driving home on Interstate 35 in Oklahoma. The 52-year-old Irving, Texas, mother of two died...
Berkshire Hathaway Dogged by Derivatives, Accounting Rules
Feb 23 2009 // Shares of Warren Buffett’s Berkshire Hathaway Inc. sank last Friday to their lowest level in 5-1/2 years amid concern the insurance and investment company could suffer big losses from bets on world stock markets and...
U.S. Treasury Declines Comment on Additional Funds for AIG, Citi
Feb 23 2009 // The U.S. Treasury Monday declined to comment on reports American International Group was seeking additional government funds and that Citigroup was in talks with the government that could lead to Uncle Sam holding as much...
AIG Reportedly Facing $60 Billion Loss; In Talks For More Government Aid
Feb 23 2009 // American International Group Inc., rescued twice last year by the U.S. government, is asking for more aid and bracing for a fourth-quarter loss of roughly $60 billion, a source familiar with the matter said. It would be...
Demographic Shift Offers Opportunity for Agents
Feb 22 2009 // Minorities Destined to Become Majority by Mid-Century Before the 21st century reaches the half-way mark, more than 50 percent of the population of the United States will be represented by a vast cultural mix of people...
Insurance Industry Starts to Pay Attention to Muslim American Market
Feb 22 2009 // 24% of All Muslims in U.S. Have College Degrees; 16% Are High Income Earners While there are an estimated 130 entities selling takaful — cooperative insurance that is true to Shariah tenets of Islamic religious law...
Lawsuit Seeks to Stop U.S. Bailout Because of AIG’s Takaful Sales
Feb 22 2009 // American International Group’s involvement with the Islamic insurance market at the same time it is taking government bailout funds has provoked the ire of a Christian rights group in the U.S. The Michigan-based...
USC Geographers Create U.S. ‘Death Map’ of Natural Event Fatalities
Feb 22 2009 // Hazard mortality is most prominent in the South, where most people are killed by severe weather, such as tornadoes. University of South Carolina geographers have produced a map of natural-hazard mortality that gives a...
Allstate, State Farm Dismissed from Case Charging Katrina Overbilling
Feb 20 2009 // A federal appeals court upheld the dismissal of Allstate Corp. and State Farm Fire and Casualty Co. from a lawsuit accusing them of overbilling the U.S. government for flood damage in Louisiana related to the 2005 storm...
U.S. Regulator Sees Future Role for Mortgage Insurance Industry
Feb 20 2009 // The main regulator for Fannie Mae and Freddie Mac Thursday said he sees a future for mortgage insurance companies that underwrite many loans for the two mortgage finance giants. “They’re very important,”...
St. Louis Asbestos Case Considered in Federal Court
Feb 19 2009 // A federal judge is considering whether to sanction the city of St. Louis for violating clean air laws when it demolished subdivision homes to make way for a new airport runway. U.S. District Judge Carol Jackson heard...
