Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
President Obama Meeting with CEOs Over Increasing Cyber Threats
Mar 13 2013 // Cyber security threats against the United States are growing, President Barack Obama said before a meeting on Wednesday with corporate leaders about the issue, as concerns rise about hacking attacks emanating from...
Feds Bust $100M North Carolina Crop Insurance Fraud Scheme
Mar 13 2013 // Federal investigators have unraveled a massive scheme among dozens of insurance agents, claims adjusters, brokers and farmers in eastern North Carolina to steal at least $100 million from the government-backed program that...
Greenberg Doubles Claims in AIG Bailout Suit vs. U.S. to $55 Billion
Mar 12 2013 // Maurice “Hank” Greenberg, the former American International Group Inc. chief executive, has more than doubled the size of his class action lawsuit against the United States over the insurer’s bailout to...
Iran’s March Crude Exports Fall to Lowest Since Sanctions Began
Mar 12 2013 // Iran’s crude oil exports in March may plunge by a quarter from a month earlier to the lowest since tight Western sanctions came into effect in 2012, industry sources said, squeezing income for Tehran as sanctions...
AIG Shareholders Gain Class Action Status in Greenberg’s Bailout Suit
Mar 12 2013 // Two groups of American International Group Inc. shareholders won class-action status from a federal judge on Monday in a $25 billion lawsuit by former Chief Executive Maurice “Hank” Greenberg over alleged...
Scientists Criticize Nuclear Plants Over Safety
Mar 11 2013 // More than one-third of U.S. nuclear power plants suffered safety-related incidents over the past three years, and nuclear regulators and plant operators need to improve inspections to prevent such events, the Union of...
People – West
Mar 11 2013 // Walnut Creek, Calif.-based CSE Insurance Group President and CEO Pierre Bize announced he will be transitioning out of his current role at the company at the end of 2013. The move comes after 19 years at the helm of CSE....
Industry Predictions
Mar 11 2013 // San Diego, Calif.-based Mitchell, a provider of technology and information to the property/casualty claims and collision repair industries, recently released its predictions for trends related to cloud computing and big...
AIG Ends U.S. Government Interest with Warrant Buyback
Mar 11 2013 // Insurer American International Group Inc. eliminated the U.S. government’s last financial interest in the company on March 1, buying back warrants from the U.S. Treasury for about $25 million. The government rescued...
International Insurers, Reinsurers to Shoulder Half of Sandy Losses
Mar 11 2013 // International insurance and reinsurance companies are expected to cover half of total insured losses from Superstorm Sandy, an industry association said. Estimated losses from Superstorm Sandy currently stand at over $16...
BP Faces August 2014 Trial on Shareholders’ Gulf Spill Claims
Mar 8 2013 // A U.S. civil trial has been set for Aug. 25, 2014, regarding accusations that BP Plc committed fraud by misleading shareholders before and after the 2010 Gulf of Mexico oil spill about its ability to respond to the...
Family’s Lawsuit Against Charlotte Airport, US Airways Dismissed
Mar 8 2013 // A North Carolina judge has dismissed a lawsuit filed against Charlotte, its airport and an airline by the family of a teen who apparently fell to his death from the wheel well of a jet approaching Boston. Superior Court...
Fidelity Investments Challenged Over Use of ‘Float Income’
Mar 8 2013 // Fidelity Investments, the largest U.S. provider of workplace retirement plans, is facing more accusations it improperly uses customer money earned in overnight accounts to pay its own operating expenses. Three...
EU Parliament Head Sees ‘Enormous Opportunity’ in U.S. Trade Deal
Mar 8 2013 // The head of the European parliament has come out firmly in favor of a trade deal with the United States, soothing concerns that the increasingly influential body could block a deal on which talks are due to start in...
Large Employers to Keep Health Insurance Benefit for Now: Survey
Mar 7 2013 // Most large employers don’t expect to send their full-time employees to government health exchanges for insurance during the next five years, but some retirees and part-time workers will end up there, a new survey has...
U.S. Commercial Lines Rates Up 4% in February: MarketScout
Mar 6 2013 // Commercial lines property/casualty insurance rates rose 4 percent on average in February 2013 compared February 2012, a recent survey revealed. The U.S. commercial insurance rate index, published by MarketScout, shows...
Aon Benfield February Cat Report:U.S. Winter Storms; Russian Meteor
Mar 6 2013 // Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has released the latest edition of its monthly Global Catastrophe Recap report, which reviews the natural disasters that occurred...
Trial for BP Shareholders’ Suit Over Gulf Spill Claims Set for 2014
Mar 5 2013 // A U.S. civil trial has been set for Aug. 25, 2014, regarding accusations that BP Plc committed fraud by misleading shareholders before and after the 2010 Gulf of Mexico oil spill about its ability to respond to the...
Cut Crop Insurance Subsidy by $40 Billion, Say Fiscal Conservatives
Mar 5 2013 // A coalition of fiscal conservatives on Tuesday called for a steep cut in federal subsidies for crop insurance, setting up a clash with U.S. farm groups that see the program as their top priority in a new farm bill. Growers...
Ironshore, Lexon Surety to Offer Surety Bonds in U.S.
Mar 5 2013 // Ironshore Inc. and Lexon Surety Group have completed the first stage of a new strategic alliance in the surety market. Lexon writes over $100 million in direct written premium annually and is the 12th largest writer of...
