Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
U.S. Class Action King Weiss Agrees to Plead Guilty
Mar 20 2008 // Melvyn Weiss, the long-reigning king of multibillion-dollar U.S. class action litigation, has agreed to plead guilty to a federal racketeering charge in a case accusing his firm of paying secret kickbacks to plaintiffs,...
South Can Expect Warmer Weather through June, Say U.S. Forecasters
Mar 20 2008 // Warmer-than-normal weather conditions will persist through June in the southwestern, southern and southeastern United States, government forecasters said on Thursday. The National Oceanic and Atmospheric Administration...
House Financial Chair Frank Calls for U.S. Financial Risk Regulator
Mar 20 2008 // The chairman of the House Financial Services Committee called Thursday for Congress to consider creating a “financial services risk regulator” with broad powers across a wide range of financial...
Final Tsunami Detection Buoys Installed Off Solomon Islands
Mar 18 2008 // The National Oceanic and Atmospheric Administration said the last two tsunami detection buoys have been placed, completing the U.S. tsunami warning network. The two sensors were deployed off the Solomon Islands and will...
Credit Card Data Stolen from U.S. Supermarket Chain
Mar 18 2008 // A computer hacker stole thousands of credit card numbers after breaching security at two U.S. grocery store chains owned by Belgium-based Delhaize Group SA , the companies said Monday. Nearly 2,000 cases of fraud have been...
Max Cap to Buy U.S. Admitted Insurer
Mar 17 2008 // Max Specialty Insurance Company, of Richmond, Virginia, the U.S. excess and surplus lines unit of the Bermuda-based Max Capital Group Ltd., announced that it has agreed to acquire a U.S.-based admitted insurance company...
Craigslist Web Site Not Liable for Illegal Ads, Federal Court Says
Mar 17 2008 // Craigslist is not liable for discriminatory housing ads posted on its Web site, a federal appeals court has ruled. The decision is a victory for the Internet bulletin board where every month more than 30 million people...
U.S. Court Rules Against Bear Stearns in Insurance Case
Mar 17 2008 // Here is more bad news for troubled investment bank Bear Stearns Co Inc: A New York appeals court has ruled that its insurers are not responsible for the costs of an $80 million settlement in late 2002 over the firm’s...
Greenhouse Funds Gloom Hangs over G20 Climate Talks
Mar 14 2008 // Rich nations must come up with billions in new money to help poor countries fight global warming and not just repackage development aid to score diplomatic points, environmentalists at a meeting of top polluters said on...
S&P: U.S. Workers’ Comp Insurers Face Weakening Rates
Mar 14 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...
2007 Cat Losses Top $70 Billion Swiss Re <em>sigma</em> Study Finds
Mar 12 2008 // Swiss Re’s latest sigma study – “Natural Catastrophes and man-made disasters in 2007” – examines catastrophe-related economic losses from natural and man-made disasters last year, which...
S&P Revises Cunningham Lindsey Outlook to Stable; Affirms ‘B-‘ Rating
Mar 12 2008 // Standard & Poor’s Ratings Services has revised its outlook on Cunningham Lindsey Group Inc. (LIN) to stable from negative. S&P also affirmed its ‘B-‘ counterparty credit rating on LIN. The...
Time, Markets to Seal U.S. Municipal Insurance Fate, Says N.Y. Regulator
Mar 12 2008 // Some local governments might find they do not need insurance for their municipal bonds as bond insurers emerge from their current crisis, New York’s insurance industry regulator said on Wednesday. “Time and the...
Reuters Poll: U.S. Economy Faces Recession, Probably in Q1
Mar 12 2008 // The U.S. economy has ground to a halt and probably already is in recession but faces higher inflation this year than thought just a month ago, a Reuters poll showed on Wednesday. A dismal run of economic data including two...
Oregon Supreme Court Rules Punitive Damages Excessive
Mar 11 2008 // In a victory for an insurance company accused of acting in bad faith, the Oregon Supreme Court ruled that a $20.7 million jury award for punitive damages in a fatal traffic accident in 1987 was excessive. The case also set...
Greenwood Named Program Manager at U.S. Risk
Mar 11 2008 // Dallas-based U.S. Risk Underwriters, a subsidiary of U.S. Risk Insurance Group Inc., announced it has named Lorna Greenwood program manager. In this position, Greenwood will specialize in creating, launching and promoting...
EQECAT, ABS Update U.S. Offshore Energy Model
Mar 11 2008 // EQECAT, Inc., and its parent company, ABSG Consulting Inc. (ABS Consulting), have conducted a joint analysis to refine EQECAT’s U.S. Offshore Energy Model, using “recent operator damage data and information...
Judge Narrows N.Y.-N.J. Port Authority’s World Trade Center Claim
Mar 10 2008 // The Port Authority of New York and New Jersey can collect insurance only for damage inflicted on two buildings of the World Trade Center site destroyed on Sept. 11, 2001, rather than for the entire complex, a U.S. District...
Vermont Cheers as IRS Drops Captive Insurance Tax Change
Mar 10 2008 // The Internal Revenue Service (IRS) has dropped plans to change the way that captive insurance companies are taxed. U.S. Senator Patrick Leahy, D-Vt., and U.S. Rep. Peter Welch, D-Vt., said that the IRS informed them it has...
