Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Financial Reform Hits First Hurdle in U.S. Senate
Apr 26 2010 // The most sweeping overhaul of U.S. financial regulation since the Great Depression appeared unlikely to clear its first hurdle in the U.S. Senate Monday as Republicans held out for a bipartisan deal. Even as Wall Street...
UK’s Brown Warns Banks of Compensation Claims
Apr 23 2010 // British Prime Minister Gordon Brown said any bank found guilty of wrongdoing could have to pay millions of dollars in compensation. Britain this week launched a probe into alleged fraud by Goldman Sachs after the United...
Obama Memo Triggers Confusion Over Legality of Pirate Ransoms
Apr 22 2010 // Shipping companies with U.S. interests don’t know if they are allowed to pay ransoms to Somali pirates anymore after President Obama declared them an “extraordinary threat,” even as pirates extended their...
Obama: U.S. Faces Another Financal Crisis If Lessons Aren’t Learned
Apr 22 2010 // U.S. President Barack Obama will tell Wall Street Thursday to accept a sweeping bill to overhaul financial regulations, warning of another crisis unless rules are tightened to rein in the industry’s risky...
Business Moves
Apr 19 2010 // The Hanover, Campania Group Massachusetts-based insurer The Hanover has completed its acquisition of Virginia-based Campania Group, which provides professional and general liability solutions for durable medical equipment...
It Figures
Apr 19 2010 // 13% The latest report from the National Insurance Crime Bureau (NICB) shows that motorcycle thefts declined by 13 percent in 2009, continuing a downward trend in thefts. A total of 56,093 motorcycles were reported stolen...
Federal Judge Awards $2.6M in Chinese Drywall Case
Apr 19 2010 // A federal judge in New Orleans has awarded seven plaintiffs from Virginia more than $2.6 million in a consolidated case involving damage to their homes as a result of the installation of substandard drywall from China. In...
Insurer’s Study Shows U.S. Refineries Plagued by Deadly Accidents
Apr 19 2010 // On the heels of a Tesoro refinery blast in Washington that killed five people, an insurance company report obtained by The Associated Press noted that U.S. oil refineries have an ongoing problem with accidents that turn...
Declarations
Apr 19 2010 // Big Rig Giveaway “I like Volvos. … I really like the style of the new ones.” —Ron Terrill, a truck driver from Oklahoma, said he entered Cincinnati, Ohio-based Great American Insurance Group’s...
Business Moves
Apr 19 2010 // The Hanover, Campania Group Massachusetts-based The Hanover has completed its acquisition of Virginia-based Campania Group, which provides professional and general liability solutions for durable medical equipment...
Declarations
Apr 19 2010 // Big Rig Giveaway “I like Volvos. … I really like the style of the new ones.” —Ron Terrill, an Oklahoma truck driver, said he entered Great American Insurance Group’s “Big Rig Giveaway,”...
Who’s Going to Pay?
Apr 19 2010 // Things are heating up in the world of Chinese drywall. Courts are issuing opinions, a U.S. consumer products safety agency is recommending gutting homes with the product, and a consumer watchdog group is insisting that...
Toyota Pays $16.4 Million Fine But Says It Acted in Good Faith
Apr 19 2010 // Toyota Motor Corp. said Monday it will pay a record $16.4 million fine to U.S. safety regulators to settle a complaint that the company delayed a recall over defective accelerator pedals. Toyota, however, said it made a...
Chiquita Faces New $1 Billion Lawsuit by Colombian Families
Apr 19 2010 // Nearly 250 Colombians who say they and relatives were victims of violence by Colombian right-wing paramilitaries have filed a lawsuit seeking more than $1 billion in damages from the Chiquita banana company, which has...
Some Health Insurers Shifting Costs Ahead of New Loss Ratio Mandate
Apr 19 2010 // Some of the largest U.S. health insurers are changing their accounting practices to book administration costs as medical costs in an attempt to circumvent new industry reforms, according to a recent U.S. Senate...
Who Pays?
Apr 19 2010 // Things are heating up in the world of Chinese drywall. Courts are issuing opinions, a U.S. consumer products safety agency is recommending gutting homes with the product, and a consumer watchdog group is insisting that...
Business Moves
Apr 19 2010 // Northern Capital Florida insurance officials have moved to shut down Northern Capital Insurance Co. after concluding that the firm is insolvent. Agents and the company’s 70,000 policyholders are being advised to...
People
Apr 19 2010 // Wells Fargo Insurance Services has named Wayne Marchant as senior vice president and Southeast region healthcare practice leader. He will be based in Savannah. Prior to joining Wells Fargo Insurance Services, Marchant was...
It Figures
Apr 19 2010 // $30.8 Million The amount from its surplus that Kentucky’s major workers’ compensation insurance carrier, Kentucky Employers’ Mutual Insurance, has decided to return to policyholders. Earlier this month,...
Sweethearts in Crime: Rise in Married Couples in Securities Fraud
Apr 16 2010 // Jeffery Stone and his wife Janette Diller Stone, one-time operators of a now-defunct New York investment firm called Crescent Fund, are not on any government most wanted list. And they aren’t exactly hiding, either....
