Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Ex-Partner Sues Dewey, Says Law Firm Was Ponzi Scheme
Jun 14 2012 // A former partner at Dewey & LeBoeuf has sued a group of the law firm’s ex-leaders for fraud, saying they ran the now-bankrupt firm as a Ponzi scheme to benefit themselves. Henry Bunsow, an intellectual property...
Mitchell to Head Willis’ FINEX Asia-Pacific Unit in Expanding Market
Jun 14 2012 // “As companies continue to expand within the Asia Pacific region and beyond its borders, they are becoming increasingly exposed to risks such as Directors and Officer’s (D&O), Cyber and Professional...
Report: Japan to Pass Bill to Insure Iran Oil Imports
Jun 14 2012 // Japan’s lower house is set to pass a bill on Friday to provide government guarantees on insurance for Iranian crude cargoes, making it the first of Iran’s big Asian buyers to find a way to keep the oil flowing...
West Drought Conditions Make For ‘Tragically Historic’ Wildfire Season
Jun 13 2012 // In what could be shaping up to be one of the worst wildfire seasons in recent memory, insurers are scrambling to deal with the aftermath of several massive wildfires in the region – and they’re preparing people for...
Iran’s Oil Exports Plummet as Sanctions Bite Says IEA
Jun 13 2012 // Iran’s oil exports have fallen by an estimated 40 percent since the start of the year as Western sanctions tear into the country’s vital oil industry, the International Energy Agency said on Wednesday. The...
Study Suggests China’s CO2 Emissions Could be Greater than Thought
Jun 13 2012 // China’s carbon emissions could be nearly 20 percent higher than previously thought, a new analysis of official Chinese data showed on Sunday, suggesting the pace of global climate change could be even faster than...
Iran Tanker Firm Says it Insured Ships Despite Sanctions
Jun 13 2012 // Iran’s biggest tanker operator, NITC, has $1 billion in ship insurance cover to keep its fleet on the water and serve clients in Asia despite Western sanctions on the Islamic Republic’s oil trade, a senior NITC...
Climate Change Will Alter Risks of Wildfire Worldwide: Study
Jun 12 2012 // Climate change is widely expected to disrupt future fire patterns around the world, with some regions, such as the western United States, seeing more frequent fires within the next 30 years, according to climate scientists...
U.S. Exempts India, Other Countries, Not China, from Iran Sanctions
Jun 12 2012 // The United States extended exemptions from its tough, new sanctions on Iran’s oil trade to seven more economies on Monday, leaving China the last remaining major importer exposed to possible penalties at the end of...
Transfer of Pension Risk to Insurers Gaining Favor
Jun 11 2012 // Last week’s deal by Prudential Financial to take on $26 billion of the retirement liabilities of General Motors has reignited a part of the American insurance market that had been bouncing along the bottom in recent...
Analysis: EU’s Spain Bank Rescue May Bring only Brief Respite
Jun 11 2012 // Euro zone finance ministers rushed Spain into an EU-funded rescue for its debt-stricken banks to pre-empt the threat of a bank run if Greece’s debt crisis flares again but any respite for Madrid and the euro may be...
Judge Questions Evidence in Gender Bias Claim Against Wal-Mart
Jun 11 2012 // A U.S. judge on Friday said he was “seriously concerned” about whether women suing Wal-Mart Stores Inc. had enough evidence to move forward with their refiled gender discrimination lawsuit. Plaintiffs alleging...
Recruiter in City Nursing Kickback Scheme Pleads Guilty in Houston
Jun 8 2012 // A Houston man has pleaded guilty to recruiting patients for a healthcare provider in return for kickbacks. Floyd Leslie Brooks, 45, entered a plea of guilty to conspiracy to violate the Anti-Kickback Statute for his role...
W.Va. Families Head to U.S. Capitol Over Mine Safety
Jun 8 2012 // Relatives of three miners killed in West Virginia’s Upper Big Branch disaster are in Washington, D.C., to press for the passage of long-stalled mine safety legislation by July 4. Gary Quarles lost son Gary Wayne in...
U.S. to Issue More Waivers on Iran Sanctions Next Week
Jun 8 2012 // The United States will announce a new list of countries that will receive exceptions to financial sanctions on oil trade with Iran as soon as early next week, a government official said on Thursday. Not all of Iran’s...
Aon Benfield May Cat Report Highlights Italian Quakes; $6 Billion Econ. Loss
Jun 8 2012 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, has released its latest edition of its Global Catastrophe Recap report, which reviews the natural disaster perils that occurred worldwide...
U.S. Insurers’ Reserves Redundant by $11.7B: Aon Benfield Study
Jun 7 2012 // Insurers’ reserves were redundant at year-end 2011 by $11.7 billion – or 2 percent of total booked reserves – compared with $22.0 billion at the year-end of 2010, after the industry released $12.7 billion of...
Best Affirms AXA U.S. FSR; Upgrades ICR; Off Review; Negative Outlook
Jun 7 2012 // A.M. Best Co. has removed from under review with negative implications and upgraded the issuer credit rating (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of...
BMS Group Exec Joins New York-Based U.S. RE as Senior VP
Jun 6 2012 // Pearl River, N.Y.-based global reinsurance broker U.S. RE Corporation appointed Victor Marques as senior vice president. U.S. RE said Marques brings more than 25 years in the field to his new role at the company’s...
Brazilian Firm Sues Florida Over Cuba, Syria Law
Jun 6 2012 // The U.S. subsidiary of Brazilian construction and engineering conglomerate Odebrecht has filed a lawsuit challenging a recently signed Florida law barring local governments from hiring companies that do business in Cuba or...
