Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Young Illegal Immigrants May Get Driver’s Licenses
Sep 16 2012 // When 17-year-old Alondra Esquivel needs to get from her rural central California home to classes at Fresno State University 20 miles (32 kilometers) away, she must rely on rides from her relatives or her boyfriend. Most...
Swiss Re’s Chief Economist on the State of the Global Economy
Sep 14 2012 // “The European debt crisis is affecting the global economy, definitely,” said Kurt Karl, Swiss Re’s chief economist in an interview at the recent Reinsurance Rendezvous in Monte Carlo. He did indicate that...
Hurricane Isaac Insured Losses to Reach $1-$2 Billion: RMS
Sep 14 2012 // U.S. insured losses from Hurricane Issac’s wind and surge impacts on the U.S. Gulf Coast will fall between USD$1−2 billion, excluding rainfall driven flood losses and all National Flood Insurance Program losses,...
More Transparency Urged for U.S. Financial Oversight Units
Sep 14 2012 // The new U.S. financial risk council should publicly share more details about its closed-door meetings on emerging risks to markets, a congressional watchdog report has found. The Government Accountability Office said the...
Best Affirms Ratings of Catlin Group Limited’s U.S. Subsidiaries
Sep 14 2012 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” of Catlin Insurance Company, Inc. (CICI), which is based in Houston, Catlin Specialty...
Penn. Commissioner: Washington Slow to Give Guidance on Healthcare Law
Sep 13 2012 // Testifying before Congress this week, Pennsylvania Insurance Commissioner Michael Consedine offered a blistering critique of the way the federal government is coordinating the implementation of the Affordable Care Act. In...
In Penn. Lawsuit, ACE Accuses OneBeacon of Poaching Employees
Sep 13 2012 // ACE American Insurance Company recently filed a lawsuit against OneBeacon U.S. Holdings Inc. In its lawsuit, filed in Pennsylvania, ACE alleges that OneBeacon poached the entire eight member-team that made up ACE’s...
Minnesota Woman Loses Music Downloading Appeal
Sep 13 2012 // A U.S. woman accused of sharing songs online owes record companies $222,000 for willful copyright violations, a federal appeals court in Minneapolis, Minn., said reversing a lower court’s ruling in a long-running...
U.S. Lawsuits Target Carnival in Italy Cruise Crash
Sep 13 2012 // Hundreds of passengers from the stricken Italian cruise ship Costa Concordia and up to 1,000 businesses on the island where it ran aground are pressing ahead with lawsuits in the U.S. against Miami-based Carnival Corp.,...
Financial Firms Having to Adjust to Aggressive Consumer Protection Bureau
Sep 13 2012 // The new federal agency charged with enforcing consumer finance laws is emerging as an ambitious sheriff, taking on companies for deceptive fees and marketing and unmoved by protests that its tactics go too far. In the 14...
Aspen US Insurance Expands Marine Capabilities
Sep 12 2012 // Aspen US Insurance will expand its marine capabilities in the U.S. by offering brown water hull, protection & indemnity, and marine liabilities coverages. These new product offerings result from Aspen US Marine’s...
Risk Of Lawsuits Preventing Abandoned Mine Cleanup In Colorado
Sep 11 2012 // Colorado mining authorities have dug through a mountainside and reopened the dark granite shaft of an abandoned mine that turned deadly, trying to find options for dealing with one of the West’s worst environmental...
U.S. Is Leader in Merger, Acquisition Activity Worldwide: Clyde & Co.
Sep 11 2012 // Merger and acquisition trends in the United States trended upward from 2009 to the first half of 2012, a new industry report reveals. So far the U.S. remains the most active country for mergers and acquisitions overall...
U.S. Regulators Add Tool to Track Insurers Operating Globally
Sep 11 2012 // State insurance commissioners in the U.S. have agreed to adopt a code that helps track insurers doing business in multiple countries. The National Association of Insurance Commissioners (NAIC) said it will add the Legal...
U.S. Treasury Sells $18 Billion of AIG Stock, Cuts Stake to 19%
Sep 10 2012 // The U.S. government cut its stake in American International Group Inc. to 19 percent on Monday, making a profit of $12.4 billion on the insurer’s crisis-era bailout and bringing the unpopular rescue closer to its...
U.S. Treasury Expects $12.4 Billion Profit from Investment in AIG
Sep 10 2012 // The U.S. Treasury said on Monday it expects to raise $18 billion from its sale of American International Group shares, representing a profit of $12.4 billion to date on the Treasury and Federal Reserve’s investment...
Transocean, U.S. Talking $1.5 Billion Gulf Oil Spill Settlement
Sep 10 2012 // Transocean Ltd. is in discussions with the U.S. Justice Department to pay $1.5 billion to resolve civil and criminal claims from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico, the Swiss-based company said on...
Judge Lets Claim Against U.S. Over Stanford Ponzi Scheme Go Ahead
Sep 10 2012 // A lawsuit claiming U.S. securities regulators were negligent in failing to respond earlier to Allen Stanford’s $7 billion Ponzi scheme can go forward for now, a federal judge ruled in Florida on Friday. U.S. District...
Court: Severance Pay Not Subject to Employment Tax
Sep 10 2012 // In a tax decision that could have wide business implications, a U.S. appeals court ruled on Friday that employment taxes should not have been imposed on severance pay in an involuntary layoff. The 6th Circuit Court of...
Report: Wildfires Pose Risk to Three-Quarter-Million Western U.S. Homes
Sep 10 2012 // More than three-quarters of a million homes in the Western U.S. have a high risk of wildfire damage, according to a report released by Santa Ana, Calif.-based CoreLogic. CoreLogic’s Wildfire Hazard Risk Report...
