Latest USA Headlines

All the headlines from our USA Topic Page, ordered by recency.

U.S. Loses Bid to Dismiss $25B Lawsuit Over AIG Bailout

Aug 27 2014 // A federal judge has rejected the United States’ bid to dismiss a more than $25 billion lawsuit filed by Maurice “Hank” Greenberg, the former chief executive of American International Group Inc., over the...

Hurricane Cristobal to Pass North of Bermuda; No Threat to U.S.

Aug 27 2014 // The most recent report from the National Hurricane Center in Miami, at 5:00 A.M. EDT, notes that Cristobal is now hurricane strength with maximum sustained winds of 80 mph – 130 km/h, and “some strengthening is...

Swiss Re sigma Report Estimates 1st Half 2014 Insured Losses at $21 Billion

Aug 27 2014 // According to preliminary estimates in a sigma report from Swiss Re, total economic losses from natural catastrophes and man-made disasters reached $44 billion in the first half of 2014. The global insurance industry...

Desert, Central California Cities Have State’s Best Drivers: Report

Aug 26 2014 // Slow-paced, sprawling Visalia ranks first in California and seventh nationally as safest among the 200 largest U.S. cities in terms of car collision frequency.Allstate Insurance Co. on Tuesday released its 10th annual...

Boston Is Tops When It Comes to Risky Drivers: Study

Aug 26 2014 // Drivers in Boston and Worcester, Massachusetts, are the most accident-prone in the U.S., landing at the bottom of an annual ranking of the nation’s 200 biggest urban areas by Allstate Corp.Worcester’s drivers...

U.S. Retailers Warned About Hacking Software

Aug 25 2014 // More than 1,000 U.S. retailers could be infected with malicious software lurking in their cash register computers, allowing hackers to steal customer financial data, the Homeland Security Department said Friday.The...

TS Cristobal – Season’s 3rd Storm – Triggers Caribbean Warnings; No U.S. Threat

Aug 25 2014 // The National Hurricane Center in Miami has finally been able to give the third weather disturbance of the current hurricane season a name – Tropical Storm Cristobal. According to the 5:00 A.M. bulletin from the NHC...

Judge Rebukes Whistleblower’s $265B Claim Against BP Over Gulf Safety

Aug 22 2014 // BP Plc won’t face a $256 billion lawsuit brought by a whistleblower who claimed the company’s Atlantis oil production platform in the Gulf of Mexico was unsafe.Kenneth Abbott, a former BP contractor, and Food...

Premium for Most Expensive Car Close to Income for Typical American Family

Aug 21 2014 // A Ferrari 250 GTO Berlinetta last week became easily the most expensive car sold at auction by when a bidder at a California auction agreed to buy it for $38.1 million, according to Hagerty Group LLC, a Traverse City,...

ACE Group Names 3 to High-Net Personal Lines Posts

Aug 21 2014 // ACE Group announced executive appointments in its high net worth personal lines insurance business, ACE Private Risk Services, naming Annmarie Camp as senior vice president, National Sales and Distribution leader, Shannon...

U.S. Attorney: Texas Man Guilty in Auto Insurance Fraud Case

Aug 20 2014 // A 42-year-old Nederland, Texas, man has pleaded guilty to federal violations related to fraudulent insurance claims in the Eastern District of Texas, U.S. Attorney John M. Bales announced.Antonio Govea Figueroa pleaded...

Texas Woman Pleads Guilty to Crash Staging Scheme

Aug 20 2014 // A 32-year-old Port Arthur, Texas, woman has pleaded guilty in a case involving staged auto crashes and fraudulent insurance claims, according to U.S. Attorney John M. Bales for the Eastern District of Texas.Shawnta Rene...

No Protection for Foreign Whistleblowers at Overseas Firms: Court

Aug 20 2014 // Foreign whistleblowers who work for overseas companies can’t be protected from retaliatory firings for disclosing conduct that happens abroad, a federal appeals court held.The U.S. Court of Appeals in Manhattan found...

IAG Posts US$1.467 Billion 2014 Fiscal Year Operating Profit

Aug 20 2014 // Insurance Australia Group Limited (IAG) announced a strong operating performance for the financial year ended June 30, 2014 (FY14), posting an insurance profit of A$1.579 billion [US$1.467 billion] for the year, up 10.6...

Ohio Woman Convicted in Arson-for-Insurance Case

Aug 19 2014 // A Youngstown, Ohio, woman has been convicted of setting fire to a rental property in order to collect insurance money, said Steven M. Dettelbach, United States Attorney for the Northern District of Ohio.Latasha Curtis, 33,...

Fosun Said to Pursue Deal for Swiss Re’s Aurora in the U.S.

Aug 19 2014 // Fosun International Ltd., the investment arm of China’s biggest closely held conglomerate, is in talks to acquire a U.S. life insurance arm of Swiss Re Ltd., people with knowledge of the matter said.Fosun is seeking...

Tennessee-Based Community Health Reports 4.5M Records Hacked

Aug 19 2014 // Chinese hackers stole social security numbers, names and addresses from 4.5 million patients of Community Health Systems Inc., the second-biggest for-profit U.S. hospital chain, according to the company.The attacks...

QBE to Sell $750 Million in Shares, Some Assets as Profit Drops

Aug 19 2014 // QBE Insurance Group Ltd. plans to raise about $750 million in a share placement and sell assets including part of its lenders’ mortgage insurance business in Australia after reporting an 18 percent drop in...

China Investment Firm Fosun Buying Stake In Ironshore

Aug 18 2014 // An investment group from China will buy a big stake in in Ironshore Inc., a billion-dollar insurance holding company led by former AIG executives that filed plans for a $100 million IPO in June.Fosun International Ltd. has...

USI to Acquire 7 Willis Retail Brokerage Locations Across U.S.

Aug 18 2014 // USI Insurance Services announced it has entered into an agreement with certain subsidiaries of Willis North America Inc., part of Willis Group Holdings, to acquire seven of Willis’ retail insurance brokerage...