Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
U.S. Sen. Schumer Urges U.K.-Like Single Financial Regulator
Mar 28 2008 // Sen. Charles Schumer, D-N.Y., on Friday called for a rethinking of the U.S. financial regulatory system, perhaps moving toward a single regulator, following the collapse this month of Bear Stearns Cos. In an opinion...
Allied World Officially Launches Reinsurance Operation
Mar 28 2008 // Bermuda’s Allied World Assurance Co. Holdings, Ltd. reported the official launch of its U.S. reinsurance operation. The launch follows the completion of Allied World’s acquisition of Finial Insurance Co.,...
Riskier Drugs Tied to Faster U.S. Approval, Industry Financing
Mar 27 2008 // The U.S. Food and Drug Administration has sped up the approval process for new drugs since pharmaceutical firms began to help finance it, which has increased the number of recalls and unanticipated side effects,...
SEC Official Says More Subprime Fraud Could Surface
Mar 27 2008 // The U.S. Securities and Exchange Commission’s top enforcement official said Wednesday that it’s still too early to tell whether the current market turmoil involves widespread securities violations or simply bad...
Missouri Courts Deny Request to Stop River Release
Mar 27 2008 // The U.S. Army Corps of Engineers said late Tuesday it will begin a 48-hour release of water into the Missouri River from an upstream dam at midnight. Efforts earlier by state of Missouri to stop the release...
Thinking the Unthinkable: What If Credit Crisis Isn’t that Bad?
Mar 26 2008 // Maybe, just maybe, the financial world is not about to implode. Such is the level of disaster mongering surrounding the latest phase of the eight-month-old credit crisis that you could be forgiven for thinking we will all...
U.S. Capital Markets Seen Losing Ground to Global Competitors
Mar 26 2008 // U.S. capital markets again lost ground against global competitors last year, highlighting the need to streamline regulation and crack down on excessive securities litigation, industry experts said Wednesday. The United...
NOAA: Major U.S. Flooding A Sign Of Things To Come
Mar 26 2008 // Major floods that struck America’s heartland last week offer a preview of the spring seasonal outlook, according to the National Oceanic and Atmospheric Administration’s National Weather Service. Several...
Allied World Names Germano for Specialty Lines
Mar 25 2008 // Bermuda’s Allied World Assurance Company Holdings has announced the appointment of Todd Germano as Senior Vice President, Specialty Insurance of Allied World U.S. He will be responsible for developing new products...
$200M Set Aside for Post-Katrina Coastal Recovery in Mississippi
Mar 25 2008 // Federal legislators joined Mississippi Gov. Haley Barbour last week to announce that $200 million in federal funds is set aside for major recovery projects in Hancock County – ground zero for the destructive force of...
People
Mar 24 2008 // Kenneth A. Bowles as been named the 2008 PIA National Professional Agent of the Year by the National Association of Professional Insurance Agents. Bowles was honored for his work on behalf of professional insurance agents,...
Climate Change Under World Spotlight
Mar 24 2008 // Swiss Re’s latest sigma study on natural catastrophes and man-made disasters in 2007 concludes that they killed over 20,000 people and cost the insurance industry $70 billion, $28 billion related to property claims....
U.S. Senate Approves Legislation Targeting Consumer Product Safety
Mar 24 2008 // A bill to crack down on dangerous consumer products was approved by the U.S. Senate in early March after a year of recalls of millions of lead-tainted toys and other hazardous products, many made in China. The bill would...
S&P: U.S. Workers’ Comp Insurers Face Weakening Rates
Mar 24 2008 // The U.S. workers’ compensation insurance business is not for the faint of heart, according to an article published by Standard & Poor’s Ratings Services. The article, titled “Weakening Rates Could...
Bank of England Denies Plans for Mortgage Bailout
Mar 24 2008 // The Bank of England denied a report in the Financial Times on Saturday that it was proposing using public funds to make mass purchases of mortgage-backed securities in order to ease the credit crisis. “Central banks,...
People
Mar 24 2008 // McQueary Henry Bowles Troy hired Jimmy Balagia as senior vice president in the firm’s property and casualty group in Austin. Balagia has 30 years of experience as a property and casualty broker/consultant and...
AAA Study Pegs Cost of U.S. Traffic Crashes at $1,051 Per Person
Mar 24 2008 // Traffic crashes cost American motorists more than $160 billion a year while inflicting a staggering per-person toll on small cities such as Little Rock, Ark., Columbia, S.C., and Pensacola, Fla., according to an American...
Time to Invest in Infrastructure
Mar 21 2008 // U.S. District Judge Stanwood Duval in the first quarter of 2008 dismissed a lawsuit against the U.S. Corps of Engineers over levee failures in New Orleans after Hurricane Katrina in 2005. Duval ruled the Corps had immunity...
Food Makers Say They Won’t Overreact to Safety Scares
Mar 21 2008 // A string of high-profile food safety scares has heightened government and consumer concerns about the U.S. food supply, but top food companies say they have felt little need to react dramatically to those events because...
Caribbean Storm Waves Threaten Islands
Mar 21 2008 // An Atlantic storm threatened to pummel Puerto Rico and other islands with waves as high as 30 feet (9 meters) beginning late Wednesday, forcing tourists and other Holy Week vacationers to seek alternatives to the...
