Latest USA Headlines

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

Under New CEO Hancock, Smaller AIG Expected to Focus on Growth

Jun 11 2014 // American International Group Inc. promoted Peter Hancock to chief executive officer as the company focuses on growth after his predecessor stabilized the insurer and paid back a 2008 government bailout.Hancock, 55,...

In Search of the Best Defense Against Corporate Cyber Crime

Jun 11 2014 // With hackers stealing tens of millions of customer details in recent months, firms across the globe are ratcheting up IT security and nervously wondering which of them is next.The reality, cyber security experts say, is...

Wal-Mart Trucker Had Not Slept in 24 Hours Before N.J. Morgan Crash: Complaint

Jun 10 2014 // A Wal-Mart Stores Inc. truck driver went at least 24 hours without sleep before his tractor-trailer crashed into a limousine, critically injuring actor-comedian Tracy Morgan and killing another entertainer, according to a...

Federal Appeals Court Rules Bonus Payout for WTC Site Workers Premature

Jun 9 2014 // A judge acted prematurely in awarding a $55 million bonus payment to thousands of rescue and cleanup workers at the World Trade Center site who settled lawsuits against New York City over damage to their health, a federal...

Supreme Court Denies BP Bid to Halt Claim Payments

Jun 9 2014 // The U.S. Supreme Court on Monday declined to block payments BP PLC is required to make to businesses demanding compensation for the 2010 Gulf of Mexico oil spill as the company fights a lower court ruling.The high court...

Cyber Theft, Already a $445 Billion Business, to Grow Bigger

Jun 9 2014 // Cybercrime remains a growth industry.That’s the main message from former U.S. intelligence officials, who in a report today outlined scenarios for how $445 billion a year in trade theft due to computer hackers will...

Ratings Recap: AXA U.S. Subs, Southern Farm, Iron Horse

Jun 9 2014 // A.M. Best has revised the issuer credit ratings (ICR) outlook to stable from negative and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and ICRs of “a+” of AXA Insurance Company...

U.S. Risk Pros Launches an Enhanced Professional Liability Program for Architects and Engineers, Construction Managers, and Design/Build Contractors

Jun 9 2014 // Dallas, TX – June 9, 2014 – U.S. Risk Insurance Group, Inc., the eighth largest managing general agency and surplus lines wholesaler in the nation, announced that U.S. Risk Pros, the Professional Liability...

Vermont AG Sues 2 Dozen U.S. Refiners Over Pollution

Jun 6 2014 // BP Plc, Chevron Corp. and Exxon Mobil Corp. are among two dozen U.S. refiners sued by Vermont Attorney General William Sorrell and accused of polluting the state’s groundwater with a gasoline additive.Sorrell filed...

London Taxis Try to Cut-Off Silicon Valley’s Uber Car Service

Jun 6 2014 // They have been the kings of the British capital’s roads for over a century but now the often opinionated drivers of London’s iconic black taxi cabs are battling a high-technology rival that threatens their...

Aon Benfield May Cat Report Highlights ‘Severe Weather’ in the U.S.

Jun 6 2014 // Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has released the latest edition of its monthly Global Catastrophe Recap report, which reviews the natural disaster perils that...

Court Ruling on Well Co-Ownership Could Cost BP, Anadarko Billions in Fines

Jun 5 2014 // BP Plc and Anadarko Petroleum Corp. could face billions of dollars in fines after an appeals court ruled they were automatically liable for pollution-law violations as co-owners of the well that blew out and started the...

GM Top Executives Did Not Know About Ignition Defect: WSJ on GM Internal Probe

Jun 5 2014 // An internal probe of General Motors Co.’s delay in recalling cars with defective ignition switches linked to at least 13 deaths is expected to conclude there was no concerted coverup and clear senior management of...

S&P Loses Bid to Keep 16 States’ Lawsuits Over Ratings in Federal Court

Jun 5 2014 // Standard & Poor’s suffered a defeat on Tuesday in litigation accusing it of issuing misleading credit ratings prior to the 2008 financial crisis, as a federal judge ruled that lawsuits by 16 U.S. states and...

EU Notes Its Success in Climate Change Goals as UN Talks Start

Jun 4 2014 // The European Union touted its success in cutting greenhouse gases at U.N. talks on climate change on Wednesday, where a U.S. plan to cut power plant emissions has lifted hopes for a global deal in 2015.An adviser to the...

Used Car Dealer Seeks Damages For Inventory of ‘Defective’ GM Vehicles

Jun 3 2014 // An independent used-car dealer in Arkansas is seeking compensation from General Motors Co. for being saddled with “highly dangerous vehicles” that include cars not yet recalled over ignition-switch...

Fed Adds Ex-Regulator to Oversee Systemic Risk Insurers

Jun 3 2014 // The U.S. Federal Reserve has hired a former state insurance commissioner to help it oversee non-bank financial firms that a council of regulators identified for tougher scrutiny last year.Thomas Sullivan, who led the...

Hurricane Forecast Upped By 1 Over Weaker El Nino

Jun 3 2014 // Colorado State University increased the number of storms it expects to develop during the Atlantic hurricane season to 10 from nine.The forecast calls for four of those to become hurricanes, one of them a major system,...

Supreme Court Limits Patent Claims in 2 Rulings

Jun 3 2014 // The U.S. Supreme Court ruled against patent holders in two cases, rejecting a legal theory used to sue technology companies and requiring patents to be written with more specific language.The rulings come in a Supreme...

MetLife Unwavering in Battle Over Systemic Risk Rules

Jun 3 2014 // Steven Kandarian got MetLife Inc. out of banking to escape Federal Reserve oversight. Now, the insurer is fighting again to avoid the central bank’s reach.Kandarian, MetLife’s chief executive officer, has...