Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
UK Bank May Have Hidden $250 Billion in Iran Deals; May Lose U.S. License
Aug 7 2012 // New York’s top bank regulator threatened to strip Standard Chartered Plc of its state banking license, saying the British bank was a “rogue institution” that hid $250 billion in transactions tied to Iran,...
Settlement Reached In Texas Shakedown Lawsuit
Aug 6 2012 // A small East Texas town and the county where it’s situated will implement procedures aimed at stopping racial profiling to settle a class action lawsuit that accuses former officials of shaking down innocent...
U.S. Treasury to Raise $5B from AIG Stock Sale
Aug 6 2012 // The U.S. Treasury Department said on Friday it expects to raise $5 billion from its sale of American International Group stock, cutting the government’s stake in the bailed-out insurer to 55 percent. The sale, which...
Earnings Reports: Catlin Group, RSA
Aug 6 2012 // Selected earnings highlights in US dollars from the Bermuda-based Catlin Group for the first six months of 2012 are as follows: 1st Half 2012 1st Half 2011 Gross premiums written ———— $3.010 bn...
Business Moves – East
Aug 6 2012 // USI, Kelly Insurance USI Insurance Services, an insurance brokerage and financial service firm in Briarcliff Manor, N.Y., completed its acquisition of New York-based Kelly Insurance Brokerage Inc. Terms of the transaction...
Conference: Risk, Returns, Regulation and More Regulation
Aug 6 2012 // Coming off a rough few years of recession, then a disaster prone 2011 — and then more global uncertainty in 2012 — the world and the insurance industry have a few things to look forward to in the next year. They also...
Crop Insurance Helps Farmers Now More Than in 1988 Drought
Aug 6 2012 // U.S. crops are taking a beating in the worst drought since 1988 but most farmers are not sweating like they did 24 years ago when a drought hit as they were just starting to recover from a farm depression that brought down...
House Passes $383 million US Drought Aid Bill for Ranchers
Aug 3 2012 // The U.S. House of Representatives passed a $383 million disaster relief bill on Thursday that provides political shelter for lawmakers during the worst drought in half a century, but may not release the aid for months to...
RBS Confirms Firing Employees over Libor Rigging Scandal
Aug 3 2012 // The Royal Bank of Scotland, which is majority owned (82 percent) by the UK government, confirmed on Friday it has dismissed a number of employees for misconduct as a result of its investigations into the Libor interest...
Monsanto Wins Patent Suit Against DuPont in Genetically Modified Seed Case
Aug 2 2012 // Shares of Monsanto, the world’s largest seed company, rose on Thursday and DuPont shares fell after Monsanto won a $1 billion victory over its archrival in a lawsuit concerning patents in the agricultural seed...
Democrats, Republicans Offer Rival Views to Control Health Costs
Aug 2 2012 // Democrats and Republicans agree that the next U.S. president will have to contend with rising healthcare costs that pose a growing, destabilizing burden for families, employers and government budgets. But two articles...
Obama Tightens Sanctions on Banks Helping Iran Sell Oil
Aug 1 2012 // President Barack Obama announced new U.S. sanctions on Tuesday against foreign banks that help Iran sell its oil and said the measure would increase pressure on Tehran for failing to meet its international nuclear...
Judge Rules Stanford’s U.S. Receiver to Keep Control of Ponzi Scheme Case
Aug 1 2012 // Allen Stanford’s U.S. court-appointed receiver may keep control of the process to collect and distribute the convicted Ponzi schemer’s assets to victims, defeating a bid by Caribbean liquidators, a U.S. federal...
Recession, Libor, Facebook Punish Europe’s Banks
Aug 1 2012 // Leading European banks reported dismal profits on Tuesday, blaming everything from the continent’s debt crisis and Spain’s property market crash to Facebook’s disastrous stock market debut. Within a space...
US Congressional Negotiators Reach Deal on New Iran Sanctions
Jul 31 2012 // U.S. lawmakers moved a step closer to finalizing new sanctions aimed at further restricting Iran’s oil revenues after negotiators from the Senate and House of Representatives agreed on a compromise bill on...
AIG Launches PR Push on YouTube to Repair Image
Jul 30 2012 // AIG is launching a public relations campaign to repair its reputation. Last Thursday, the once-mighty insurance giant American International Group posted several videos on YouTube, www.youtube.com/aig , proclaiming that...
HSBC Sets Aside $2 Billion for U.S. Investigation, Mis-selling
Jul 30 2012 // HSBC’s chief executive apologized on Monday for shameful and embarrassing mistakes made on anti-money laundering controls as the bank set aside $2 billion to cover the cost of U.S. investigations and compensate UK...
Obama Administration Says Federal Health Exchanges on Track for 2014
Jul 27 2012 // The Obama administration on Friday said it is on track to set up federal health insurance exchanges by 2014 in U.S. states that fail to establish their own regulated insurance markets as required by the U.S. healthcare...
Chubb Profit Slightly Down; U.S. Commercial Renewal Rate Hike 9% in Q2
Jul 27 2012 // The Chubb Corp. reported $404 million profit for its second quarter, declining 3.6 percent from $419 million reported a year earlier. The results were hampered by weaker investment results and significant catastrophe...
Evidence for Climate Extremes, Costs, Gets More Local
Jul 27 2012 // Scientists are finding evidence that man-made climate change has raised the risks of individual weather events, such as floods or heat waves, marking a big step towards pinpointing local costs and ways to adapt to freak...
