Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
House Chairman Vows to Have Bipartisan TRIA Renewal Bill Ready Next Month
May 22 2014 // The chairman of crucial U.S. House subcommittee said a bipartisan bill of its own that will renew the Terrorism Risk Insurance Act, or TRIA, will be unveiled in June. Rep. Randy Neugebauer, R-Texas, disclosed as much on...
BP to Appeal Oil Spill Claims Settlement to Supreme Court
May 22 2014 // BP Plc, seeking to avoid paying what it says would be billions of dollars in unjustified claims, will ask the U.S. Supreme Court to review a court order on a settlement tied to its 2010 Gulf of Mexico oil spill. “No...
Appeals Court Won’t Rehear BP Gulf Settlement Issue
May 21 2014 // A federal appeals court has refused to reconsider its previous ruling that businesses don’t have to prove they were directly harmed by BP’s 2010 Gulf Of Mexico oil spill to collect settlement payments. The...
Former Insurance Agents Johnson, Kingston Fare Well in Georgia Primary
May 21 2014 // A former insurance agent who has been active in Democratic Party politics has won her party’s primary for the Georgia insurance commissioner post and will face off against the incumbent Republican in the November...
New York AG Says AIG’s Lawsuit Is Bid to Hobble Unlicensed Sales Probe
May 21 2014 // New York Attorney General Eric Schneiderman asked a judge to dismiss American International Group Inc.’s lawsuit against the state’s top financial regulator, saying the insurer is trying to interfere with a...
Chinese Hacking Raises Cyber Attack Disclosure Issue for Companies
May 21 2014 // Three U.S. public companies identified as Chinese hacking victims didn’t report the theft of trade secrets and other data to investors, despite rules designed to disclose significant events. Two of the companies...
Insurers Balk at High Cost of Specialty Drug
May 21 2014 // The leading U.S. health insurance trade group on Tuesday hit out at the extremely high cost of new specialty medicines, accusing drugmakers of taking advantage of the insurance system by pricing products at unsustainable...
Court Rejects BP Bid to Limit Oil Spill Claims
May 20 2014 // BP Plc faces billions of dollars in additional payments after failing to convince an appeals court that the company is being forced to pay claims that aren’t directly related to the 2010 Gulf of Mexico oil spill. A...
Bank of America Off Hook for Allegedly Hiding AIG Lawsuit: Court
May 19 2014 // A federal appeals court said Bank of America Corp. was not liable to shareholders for allegedly concealing a $10 billion fraud lawsuit by American International Group Inc., whose filing led to a 20-percent one-day plunge...
Experts Fear Major Attack Only Way to Stir Corporate Action on Cyber Security
May 19 2014 // After warning for years that the U.S. electric grid and other critical infrastructure are dangerously vulnerable to hacking, security experts fear it may take a major destructive attack to jolt CEOs out of their...
OnPoint Underwriting Offers New Managed Healthcare Program with Everest Re Group
May 19 2014 // May 19, 2014 – Denver, CO – OnPoint Underwriting (OnPoint) and Everest Re Group, Ltd. (NYSE:RE) announced a new relationship with Everest Reinsurance Accident and Health for the underwriting and management of HMO...
My New Markets
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U.S. Report: Climate Change Here, Deal With It
May 19 2014 // Climate change is in the here and now, according to a massive report issued earlier this month. The White House’s National Climate Assessment report is part of President Barack Obama’s effort to prepare the...
Report Cites Crops Most Vulnerable to El Nino
May 16 2014 // The El Nino weather phenomenon that is likely to strike this year will damage world maize, rice and wheat yields but boost soybeans, according to a study on Thursday that could help farmers plan what to grow. The...
AIG Completes $7.6 Billion ILFC Sale to AerCap
May 15 2014 // AerCap Holdings NV completed its $7.6 billion purchase of International Lease Finance Corp., creating the largest independent jet-leasing firm and a windfall for seller American International Group Inc. ILFC, which...
Conn. Gov.: When It Comes to Insurance Regulation, States Are Here to Stay
May 14 2014 // Speaking at the National Association of Insurance Commissioners’ International Insurance Forum, Connecticut Gov. Dannel P. Malloy told a crowd of U.S. and international regulators and insurance representatives that...
‘Degassing’ North Dakota Crude Oil Before Shipping Among Safety Ideas
May 14 2014 // After a spate of fiery derailments, the scramble to make North Dakota’s Bakken crude oil safer when it’s being transported on trains has focused on better tracks, slower speeds, and reinforced railcars that...
West Virginia Mine Where Two Died Had Pattern of Safety Violations
May 14 2014 // The West Virginia coal mine where a collapse this week killed two workers had “chronic compliance issues” and received numerous citations from inspectors last year, federal authorities said on Tuesday. The...
Vietnam Protests Over China Oil Rig Damage Taiwan-Owned Factories
May 14 2014 // Anti-China rallies sparked by the placement of an oil rig in waters near Vietnam damaged factories owned by Taiwanese companies, with some plants closing as Vietnam detained hundreds of protesters. Vietnam’s...
Ex-Executive’s Lawsuit Alleges AIG Defrauded U.S. in Bailout
May 14 2014 // American International Group Inc. defrauded the U.S. by failing to disclose it was selling insurance without a license during negotiations with the government over a bailout in the financial crisis, a former executive...
