Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Florida Judge Rules Out Punitive Damages in Accounting Malpractice
Jun 17 2009 // A Miami judge ruled on Tuesday that BDO International B.V. should not have to pay $352 million in punitive damages awarded against its U.S. member, BDO Seidman, in an ongoing landmark audit malpractice trial. Closing...
Obama Unveils Plan for Financial Regulation Today
Jun 17 2009 // President Barack Obama will unveil on Wednesday his plans for reshaping U.S. financial regulation, with proposals to close one bank regulator and create new overseers for big-picture economic risk and consumer financial...
Ex-CEO Greenberg: No Fiduciary Duty to Fund AIG Compensation Plan
Jun 17 2009 // Maurice “Hank” Greenberg, former chief executive of insurer AIG, testified before a federal jury on Tuesday that he did not have a fiduciary duty to fund an AIG compensation plan. “I did not view myself...
Lawyers Hurl Opening Volleys in Trial of AIG Against Ex-CEO Greenberg
Jun 17 2009 // Witnesses began testifying Tuesday in the civil trial of American International Group Inc.’s former top executive, accused of plundering an AIG retirement program of billions of dollars. Attorney Theodore Wells told...
Obama Seeks Doctors’ Support But Opposes Caps on Malpractice Awards
Jun 17 2009 // President Barack Obama warned doctors Monday the U.S. healthcare system was a ticking time bomb and urged them to support his overhaul, which includes a public insurance plan that many of them view with skepticism. Obama...
It Figures
Jun 15 2009 // $4.4 Million The southwest Kansas town of Greensburg, destroyed two years ago by a massive tornado, is due to receive $4.4 million in grants from the U.S. Department of Agriculture’s Rural Development Division to...
Latino Middle Class Security Weakened in U.S. Before Recession
Jun 15 2009 // As the economic downturn continues, a new report finds that millions of African Americans and Latinos lost economic security between 2000 and 2006, and that more than four out of five are either borderline or at high risk...
Latino Market Growing Twice as Fast as General Consumer Market
Jun 15 2009 // As their buying power nears $1 trillion, the 46 million Hispanics now living in the United States wield a powerful influence on the American consumer economy. Between 1995 and 2007, expenditures by Hispanic consumer units...
Chinese Drywall: Builders, Subs Face Huge Uninsured Losses
Jun 15 2009 // Policy Exclusions Are a Problem, But Builders Can Be Protected There is a lot at stake for all parties because the damages on a per house basis are likely to be astronomical. General liability carriers specializing in...
Chinese Drywall: Builders, Subs Face Huge Uninsured Losses
Jun 15 2009 // Policy Exclusions Are a Problem, But Builders Can Be Protected General liability carriers specializing in contractor insurance for builders and drywall subcontractors (subs) are “sweating it out” over the...
Supreme Court Nominee Sotomayor Shows Record of Favoring Insurers
Jun 15 2009 // Philadelphia-Based Insurance Attorney Finds Rulings to be ‘Very Insurer-Friendly’ The Supreme Court almost never takes up insurance related cases. Even so, President Obama’s recent Supreme Court...
Mystery Surrounds Air France Crash
Jun 15 2009 // Liability Claims to Come Could Exceed $1 Billion, Some Experts Predict The tragic disappearance of Air France flight 447 over the Atlantic early on June 1 remains a mystery. The plane’s 216 passengers and 12 crew...
The Globalized Broker Network
Jun 15 2009 // Assurex Global Struck Gold with Partners Around the World Assurex Global Year Founded: 1954 Locations: 500 offices on six continents Employees: 20,000 Annual Premium Volume: $28 billion Annual Revenue: $3.4 billion Assurex...
AIG Stock Fight With Ex-CEO Greenberg Heads to Trial
Jun 12 2009 // AIG, days before a high-profile legal fight with a company controlled by former CEO Maurice Greenberg heads to court, promised to use any funds won at trial to repay U.S. taxpayers. “While any relief granted for...
How Actuaries Help P/C Insurers Navigate Uncertain Markets
Jun 11 2009 // Property/casualty insurers and reinsurers rely more than ever on the expertise of actuaries at a point in the cycle when the market is neither softening nor hardening, attendees at the CAS Seminar on Reinsurance were told...
Details of Democrats’ Health Care Reform Plan Emerging
Jun 10 2009 // Leading Senate Democrats unveiled Tuesday a plan to reshape U.S. healthcare that calls for sweeping insurance market reforms and prohibits insurers from denying coverage or charging more due to medical history. The measure...
Consumer Groups Challenge Freeing Chrysler From Product Liability Claims
Jun 10 2009 // Consumer groups said Tuesday they filed a U.S. Supreme Court appeal challenging Chrysler LLC’s sale on the grounds the deal would leave the automaker free of current and future product liability claims. Five consumer...
How Might Supreme Court Recusal Ruling Affect West Virginia Judiciary?
Jun 10 2009 // This week’s U.S. Supreme Court ruling that faults state Justice Brent Benjamin for not recusing himself from a case involving a generous campaign supporter may aid a pending review of West Virginia’s court...
USI Holdings Loses Appeal in Graham Co. Copyright Dispute Case
Jun 10 2009 // The United States Court of Appeals for the Third Circuit ruled that a district court should not have reversed a verdict concerning copyright infringement case William A. Graham Company v. Thomas P. Haughey and USI...
U.S. ‘Pay Czar’ to Have Power to Reject Compensation for Bailed Out Execs
Jun 10 2009 // The Obama administration on Wednesday will name a pay czar with the power to reject compensation plans for top employees at companies receiving “exceptional” government aid, an administration official said...
