Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Obama Team Seeks Powers to Wind Down Non-Banks Like AIG
Mar 25 2009 // The Obama administration Tuesday mounted a full-scale push for government authority to shut down troubled institutions like insurer AIG to avoid the need for future bailouts. U.S. Treasury Secretary Timothy Geithner,...
WTO’s Lamy Presses U.S. as World Trade Tumbles
Mar 24 2009 // World Trade Organization Director General Pascal Lamy pressed U.S. trade officials Monday for a strong commitment to finishing the Doha round, while a U.S. business leader warned against accepting a “phony...
New York Federal Reserve Chief: U.S. to Get Back All Funds Given to AIG
Mar 24 2009 // The new head of the New York Federal Reserve Tuesday defended saving American International Group from collapse as the right thing to do to prevent further damage to the world economy and said AIG will eventually be able...
Spring Weather Warnings: Midwest Floods; Droughts in South, West
Mar 24 2009 // Flooding in the upper Midwest, which could rival the high water levels experienced in 2006 and possibly 1997, and continued drought in the South and West are among the warnings contained in the national outlook for this...
People
Mar 23 2009 // Kansas Gov. Kathleen Sebelius is President Barack Obama’s choice for secretary of health and human services. Sebelius, 60, is seen as a solid choice to head HHS because as a governor responsible for the Medicaid...
Defending Data
Mar 23 2009 // Data Security Breaches Present Emerging Risks and Opportunities for Agents Data security represents both a new market opportunity to sell insurance coverage and a new risk — especially for independent insurance...
Greener Opportunities
Mar 23 2009 // Insurers Compete for a Growing Green Industry Jim Henson’s famous Kermit the Frog said it the best, “it’s not easy being green.” Today’s property owners and insurers understand that while...
State Regulators Say AIG Insurance Policyholders Still Protected
Mar 23 2009 // The nation’s insurance regulators are again telling policyholders of American International Group (AIG) that the insurance company is able to meet its obligations to them despite ongoing controversy surrounding the...
Defending Data
Mar 23 2009 // Data Security Breaches Present Emerging Risks and Opportunities for Agents Data security represents both a new market opportunity to sell insurance coverage and a new risk — especially for independent insurance...
Anti-AIG Protests Draw Small Crowds
Mar 20 2009 // Small crowds of protesters angered by the government’s $180 billion bailout of AIG marched in cities across the United States Thursday, mocking bonuses paid to employees who helped push the company to the brink of...
U.S. House to Vote on Tax on AIG Bonuses
Mar 19 2009 // The House , reacting to public furor, will vote today on a bill to recoup most of the bonuses paid to AIG executives after the insurer got billions of dollars in government aid, Democratic leaders said Wednesday. The bill...
U.S. House Passes Measure to Recoup AIG Bonuses
Mar 19 2009 // The U.S. House of Representatives swiftly passed a bill Thursday to recoup controversial bonuses paid to American International Group Inc. as Treasury Secretary Timothy Geithner tried to calm the furor by taking...
U.S. to Claw Back AIG Bonuses, Congress Eyes Taxing Recipients
Mar 18 2009 // The Obama administration turned up the heat on AIG Tuesday over its employee bonuses, saying the embattled insurer will be forced to repay U.S. taxpayers before it gets another bailout of $30 billion. Treasury Secretary...
Best Affirms Montpelier Re and Subsidiaries Ratings
Mar 18 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Bermuda-based Montpelier Reinsurance Ltd. and Montpelier US Insurance...
State Farm Recalls Promotional Teddy Bears Made in China
Mar 18 2009 // U.S. insurer State Farm said on Tuesday that more than 800,000 teddy bears given out in North America as part of a company promotion were being recalled because of a choking hazard. The toys, called the “State Farm...
Texas Lawmakers Try to Undo Drivers License Identification Rules
Mar 18 2009 // Some Democratic lawmakers joined by Texas residents who have had trouble getting drivers’ licenses under new Department of Public Safety rules are pushing for legislation that would undo a policy they say harms U.S....
Arch Re Names New Chairman/CEO; President/COO
Mar 17 2009 // Arch Reinsurance Company announced that John Rathgeber has been appointed Chairman and CEO and Tim Olson has been appointed President and COO as of March 1, 2009. Rathgeber previously served as President and CEO and Olson...
U.S. Modifying AIG Aid to Recoup Financial Products Unit Bonuses
Mar 17 2009 // The U.S. Treasury will modify a planned $30 billion capital infusion for American International Group to try to recoup hundreds of millions of dollars in controversial bonuses paid by the insurer, a Treasury official said...
U.S. Treasury Readies Systemic Risk Financial Regulation Blueprint
Mar 17 2009 // The U.S. Treasury is expected to propose within days the creation of a “systemic risk regulator,” probably the Federal Reserve, to oversee banking and market problems that could threaten the economy. On both...
The Paradox of Flood Insurance Coverage
Mar 17 2009 // Whether you are an attorney, an insurance agent, adjuster or broker, or an individual insured, when dealing with claims under flood insurance policies, you may be surprised to discover that many things you think you know...
