Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Australia Imposes New Tax to Fund Flood Recovery
Jan 27 2011 // Australia’s minority Labor government imposed a reconstruction tax and cut environmental spending on Thursday to help fund the recovery from this month’s devastating floods, and immediately ran into opposition...
Toyota Recalls 1.7 Million Vehicles as Quality Woes Mount
Jan 26 2011 // Toyota Motor Corp said it would recall more than 1.7 million vehicles worldwide, bringing its total for recalls to nearly 16 million since late 2009 and dealing a blow to its efforts to restore its reputation for...
Catlin Readies Launch of 3rd Arctic Survey; Focused on World’s Ocean Currents
Jan 26 2011 // Bermuda-based, London headquartered insurer Catlin announced the launch of its third Arctic Survey, which it said “will focus on evolving conditions in the Arctic Ocean that could cause changes in ocean currents that...
Business Moves
Jan 24 2011 // Combined Agents, Elliott Insurance, HC&H Insurance Austin, Texas-based Combined Agents of America LLC (CAA) has added two new agency members, one located in Kansas and one in North Texas. With the addition of the two...
United States Proposes to Open Roads to Mexican Trucks
Jan 24 2011 // The Obama administration on Jan. 6 proposed a new inspection and monitoring regime to permit long-haul trucks from Mexico on U.S. highways after years of delays over safety concerns and political wrangling. The...
Business Moves
Jan 24 2011 // United Fire & Casualty, Mercer Insurance Group Iowa-based insurer United Fire & Casualty is acquiring New Jersey-based Mercer Insurance Group in a deal valued at $191 million. The merger is expected to close in the...
Allied World U.S. Enhances Standard Lawyers Platform
Jan 24 2011 // Allied World has enhanced its Standard Lawyers platform to ease administration and expand coverage offerings. Beginning on February 1, the company will enhance coverage for both new and renewal business to include the...
2010 Ends with a Bang
Jan 24 2011 // Fourth Quarter Brings In Record M&A Activity Following a year of historically low merger and acquisition (M&A) activity in 2009, market, economic and political dynamics fueled the fourth most active year of M&A...
It Figures
Jan 24 2011 // $6.8 Billion A decline in both real and nominal GDP, a rising unemployment rate and decreasing tort activity as a result of a lower level of economic activity helped drive tort costs down by 2.7 percent, or $6.8 billion,...
Chinese Drywall Makers Won’t Compensate U.S. Homeowners
Jan 24 2011 // The U.S. has failed to persuade Chinese makers of defective drywall to compensate American homeowners, in a dispute that threatens to mar strained trade ties. The failure to persuade about 13 makers of contaminated drywall...
Investor Suit Against Bear Stearns, Auditor to Proceed
Jan 24 2011 // Plaintiffs in one of the biggest U.S. investor lawsuits stemming from the financial crisis got a boost from a judge, who said a case against fallen investment bank Bear Stearns and its outside auditor, Deloitte &...
Panel on BP Oil Spill Calls for Tougher Oversight
Jan 24 2011 // A White House panel probing BP’s massive oil spill has called for an overhaul of a regulatory system that was “entirely unprepared” for disaster and outlined stringent, new oversight, a plan sure to face...
People
Jan 24 2011 // National wholesale broker USG Insurance Services, Inc. has added Jason Holloman as a property broker specializing in large commercial and catastrophe-exposed risks. He will be based in USG’s office outside...
Auditors Successful in Defending Against Investor Lawsuits
Jan 24 2011 // Investors looking to pin blame on auditors for failing to flag risks ahead of the credit crisis are having a hard time getting their cases to stick. All of the “Big Four” auditors have been sued by investors...
Cyber Guerillas Present Security Risk with Unpredictable Attacks
Jan 21 2011 // If anyone needed proof that cyber activists can create havoc in the real world, the last few weeks have provided evidence in megabytes. Rallying behind WikiLeaks, the thousands of internet activists who made headlines in...
Republican Strategy: Prune Obamacare ‘Branch by Branch’
Jan 20 2011 // Republicans in the U.S. House of Representatives Thursday launched a plan to replace President Barack Obama’s healthcare overhaul “branch by branch” with measures they say would bring down soaring...
House Passes Repeal of Healthcare Law
Jan 20 2011 // The Republican-led U.S. House of Representatives passed legislation that would repeal President Barack Obama’s landmark healthcare reform law Wednesday in a mostly symbolic move likely to be scuttled in the...
Qantas Aiming to Settle with Rolls-Royce over A380 Engine Failure
Jan 20 2011 // Australia’s Qantas Airways is working towards a commercial settlement with Rolls-Royce over last year’s mid-air engine explosion, its chief executive said, as the airline rebuilds its image tarnished by the...
U.S. Lays Out Factors to Designate Risky Firms
Jan 19 2011 // U.S. regulators proposed using six different factors Tuesday to help them gauge when a non-bank financial firm poses risks to the system and merits additional oversight. The Financial Stability Oversight Council agreed in...
Firms Vulnerable In Corrupt Practices Crackdown
Jan 19 2011 // Authorities have been escalating their campaign against corruption in the last few years, resulting in a sharp spike in enforcement actions in the United States and the enactment of a new anti-bribery law in the United...
