All the headlines from our USA Topic Page, ordered by recency.
Nov 28 2011 // A federal judge angrily threw out Citigroup Inc.’s proposed $285 million settlement over the sale of toxic mortgage debt, excoriating the top U.S. market regulator over how it reaches corporate fraud settlements.U.S....
Nov 28 2011 // U.S. Democratic Representative Barney Frank, who helped to craft the landmark overhaul of financial regulations that bears his name, will not seek re-election in 2012, Democratic aides said Monday.Frank, one of the most...
Nov 28 2011 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Chicago-based Hiscox Insurance Company, Inc. (HICI), both with stable outlooks. The...
Nov 28 2011 // In a dispute pitting big business against consumer groups, the U.S. Supreme Court hears arguments Monday on whether a person has to suffer legal harm to sue a company over an alleged kickback it got.Cleveland home buyer...
Nov 28 2011 // Countries will make a last ditch effort to save a dying Kyoto Protocol at global climate talks starting on Monday aimed at cutting the greenhouse gas emissions blamed by scientists for rising sea levels, intense storms and...
Nov 23 2011 // The rush is the risk on Black Friday and Cyber Monday in the eyes of a retail insurance and risk expert who previously worked in retail for 22 years.Kelly Brown of Zurich North America doesn’t go so far as to...
Nov 23 2011 // Two men in Texas have been sentenced to prison for conspiring to commit arson in order to obtain insurance proceeds, the U.S. Attorney’s Office for the Northern District of Texas announced.Blaise Hancock, of...
Nov 23 2011 // A study by Congress’ investigative arm shows investigators have linked 30 fires that erupted in a five-year period in Arizona’s border region to people who crossed into the United States illegally — a...
Nov 23 2011 // A.M. Best Co. has upgraded the financial strength rating to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating to “a-” from “bbb” of Texas-based Standard Casualty...
Nov 23 2011 // Serafino Alfe was deep-frying turkeys for an annual fundraiser dinner recently and ended up at the Loyola Burn unit with third-degree burns – the worst – on his leg.“I tripped and fell right into the deep...
Nov 23 2011 // A U.S. judge granted Netflix’s bid to resolve all claims in its favor before trial in an antitrust class action, in which plaintiffs had sought hundreds of millions of dollars in damages.Netflix was sued in 2009,...
Nov 22 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Zurich American Insurance Company (Zurich US), headquartered in...
Nov 22 2011 // The breakdown of deficit talks in Congress will exact little pain on the U.S. healthcare industry, but it’s a temporary reprieve from steeper cuts that could be put back on the table in 2013.The failure of the...
Nov 21 2011 // Transatlantic Holdings Inc., a reinsurer which has been at the center of a buyout battle, has now agreed to be acquired by Alleghany Corp.The cash-and-stock deal is valued at around $3.4 billion. The announced deal could...
Nov 21 2011 // A company run by former American International Group Inc Chief Executive Maurice “Hank” Greenberg sued the U.S. government for $25 billion, calling the 2008 federal takeover of the insurer unconstitutional.The...
Nov 21 2011 // The Supreme Court has named an attorney to argue that challenges to President Barack Obama’s healthcare insurance requirements must wait until after that part of the law has taken effect in 2014.The high court also...
Nov 18 2011 // Aspen Insurance Holdings Limited announced that the Company’s Board of Directors has appointed Ron Pressman to the Board in a non-executive capacity with immediate effect. He has also been appointed to the...
Nov 18 2011 // China should allow domestic and foreign companies to make investment decisions without government interference, the U.S. ambassador to China said on Friday.Ambassador Gary Locke also said the United States would work to...
Nov 17 2011 // Seven family members, including a former Hidalgo County district court probation officer, have been convicted for their roles in a $3 million scheme to defraud American Family Life Assurance Company (Aflac).In a news...
Nov 17 2011 // A legislative panel exploring the impact of the new federal health care law on Oklahoma will likely suggest that the state should do the minimum amount required to comply with the act, the committee’s chairman...