Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
N.Y. Court: Author Michael Lewis Did Not Libel Money Manager in ‘The Big Short’
Nov 14 2014 // The author Michael Lewis did not libel a money manager in his 2010 best-seller “The Big Short,” a divided federal appeals court ruled on Friday. By a 2-1 vote, the 2nd U.S. Circuit Court of Appeals in New York...
AIG, Not Taxpayers, Could Pay If Greenberg Wins $25 Billion Bailout Suit
Nov 14 2014 // The U.S. government has grounds to demand that American International Group Inc. pay any significant damages should Maurice “Hank” Greenberg win his $25 billion claim that federal officials shortchanged...
Pet Insurance Outpaces Accident-Health in Sales Growth
Nov 13 2014 // Maria Makara didn’t hesitate to insure her two new dogs. That’s because they’re family. Her previous pet, a Yorkshire terrier, died in 2013 after contracting pancreatitis and Cushing’s disease....
Crop Of Climate Corps May Bloom in Ag Insurance Landscape
Nov 13 2014 // You can still shake your climate moneymaker. Climate change certainly didn’t carry the day in the November elections. It shouldn’t be news to anyone that the topic ushered in few if any victories for those who...
North Atlantic Hurricanes Can Have Big Impact in the Midwest
Nov 13 2014 // Located hundreds of miles inland from the nearest ocean, the Midwest is unaffected by North Atlantic hurricanes. Or is it? With the Nov. 30 end of the 2014 hurricane season just weeks away, a University of Iowa researcher...
Mississippi Police Wrongful Firing Case Revived by U.S. High Court
Nov 13 2014 // The U.S. Supreme Court has reinstated a wrongful termination lawsuit filed by two Shelby, Mississippi, police officers who said they were fired for refusing to ignore an alderman’s criminal activity. The ruling...
Monsanto Settles Farmer Suits Over Oregon Experimental GMO Wheat
Nov 13 2014 // Monsanto Co. said on Wednesday it reached a settlement with U.S. wheat farmers who sued the seed company over market disruption after unapproved genetically engineered wheat was discovered growing without oversight in...
Court to Hear Claim EnPro’s Garlock Hid Asbestos Evidence
Nov 13 2014 // Whether Garlock Sealing Technologies LLC, plaintiffs’ lawyers, or both are responsible for suppressing evidence related to asbestos claims against an EnPro Industries Inc. unit is a question to be decided Dec. 4 at a...
Catlin Group Interim Report Shows 11% Hike in Gross Premiums Written
Nov 13 2014 // Catlin Group Limited, the Bermuda-based specialty property & casualty insurer and reinsurer, has issued its interim management statement for the nine-month period ended September 30, 2014, which shows premiums reported...
ING to Sell Shares of Former US Insurance Unit, Voya Financial
Nov 13 2014 // ING Groep NV plans to sell shares of its former U.S. insurance unit, Voya Financial Inc., reducing the bank’s stake to 19 percent from about 32.5 percent. ING, the biggest Dutch bank, is selling 34.5 million shares...
Honda Widens Recall of Takata Air Bags by Another 170,000 Vehicles
Nov 13 2014 // Honda Motor Co said on Thursday that a driver in Malaysia died in July after being hit by shrapnel from an air bag supplied by Takata Corp – the fifth such fatality and the first outside the United States. The...
World’s Top 15 Commercial Lines Brokers Write 43% of Business: Finaccord
Nov 12 2014 // The world’s top 15 insurance brokers write more than 43 percent of the commercial lines property/casualty business globally, according to a new ranking by London research firm Finaccord. The same report says that the...
Global Insurers to Bid for Insurance, Pension Units of Halkbank in Turkey
Nov 12 2014 // Insurers from Europe, Asia and the United States are among some 20 potential bidders in the sale by Turkey’s state-run Halkbank of its pension and insurance arms, three sources close to the process said on...
Experts See Gradual Transition to Accident-Free Driving
Nov 12 2014 // As millions of cars are under recall for potentially lethal air bags, designers are trying to reduce the need for the device – using sensors, radar, cameras and lasers to prevent collisions in the first place. With...
U.S. Veterans Sue Banks, Allege Money Scheme Aided Terrorists
Nov 12 2014 // Wounded U.S. veterans and family members of U.S. soldiers killed in Iraq sued five European banks on Monday, seeking to hold them responsible for shootings and roadside bombings because they allegedly processed Iranian...
Obamacare Enrollment Forecast Cut by 30%
Nov 11 2014 // The U.S. administration on Monday dramatically cut expectations for 2015 Obamacare enrollment, saying it aims to have a total of 9.1 million people enrolled in government-backed federal and state health insurance...
Judge Rejects BP Attempt to Remove Oil Spill Claims Chief Juneau
Nov 11 2014 // BP Plc lost a bid to remove Patrick Juneau, the claims administrator overseeing payouts for the 2010 Gulf of Mexico spill, according to a New Orleans federal court ruling Monday. Juneau is in charge of the London-based...
Old vs. New GM at Issue in Ignition Switch Class Action
Nov 10 2014 // General Motors Co. told a judge that claims in a $10 billion customer class-action over ignition flaws are “misleading” and should be dismissed. The 68 named plaintiffs in the group lawsuit argue that the...
Republicans Restart Battle Over Export-Import Bank
Nov 10 2014 // Republican critics of the U.S. Export-Import Bank moved on Friday to force the export lender to reveal full details of board discussions about potential deals, restarting a battle over the bank’s long-term...
Waldorf Sale to Chinese Firm Risks U.S. Review Over Spying Concerns
Nov 9 2014 // For years, high-profile guests at New York City’s landmark Waldorf Astoria hotel could be assured their private conversations wouldn’t be overheard by anyone — except, perhaps, by U.S. spies. That may be...
