All the headlines from our USA Topic Page, ordered by recency.
Sep 22 2011 // American International Group Inc. (AIG) has hired Clarissa Potter, former deputy chief counsel at U.S. Internal Revenue Service and former law professor, as deputy tax director. In this role, Potter will be responsible for...
Sep 22 2011 // The Federal Reserve’s latest move to stimulate credit for consumers and businesses, known as Operation Twist, is likely to threaten the earnings of some of the country’s largest insurers for years to come.Wall...
Sep 22 2011 // The rising gap between rich and poor in nearly every country, rich or poor, went largely ignored during the decades of globalization-fueled boom.But with large parts of the world in financial crisis, ending the time when a...
Sep 21 2011 // Selective Insurance Group is acquiring Montpelier U.S. Insurance Company (acronym MUSIC), an excess-and-surplus lines unit from Montpelier Re U.S. Holdings Ltd., for $55 million. Selective said the deal would be completed...
Sep 21 2011 // Zurich, a provider of property and casualty insurance in North America and globally, now offers Contract Litigation Insurance (CLI).According to the Bureau of Justice Statistics, the most common form of civil litigation in...
Sep 21 2011 // Woodland Hills, Calif.-based American Special Risk Insurance Services has been acquired by managing general agency and surplus line wholesaler U.S. Risk Insurance Group Inc. American Special Risk is a managing general...
Sep 21 2011 // Independent reinsurance broker Holborn Corp. has appointed Arthur Dougherty as a senior vice president in the firm’s New York City headquarters. Dougherty is an industry veteran, having worked more than three decades...
Sep 21 2011 // Cooper Gay Swett & Crawford (CGSC) is the largest independent (i.e. privately owned by its employees and private equity funds) global wholesale and reinsurance broker. Over 1,400 professionals work in some 60 offices...
Sep 21 2011 // A federal appeals court handed car owners a victory by striking down a requirement that they arbitrate warranty disputes with dealers.Reversing a lower court ruling, the 9th U.S. Circuit Court of Appeals agreed with a...
Sep 20 2011 // The former controller for a Houston-based property/casualty insurance company has been sentenced to 120 months in federal prison for her conviction of conspiracy to commit wire fraud involving almost $1 million in loss to...
Sep 20 2011 // Standard & Poor’s downgrading of Italian debt hit the euro on Tuesday, although stock investors shrugged off the move to push European stocks higher.Markets remain on edge about Greece’s rickety finances...
Sep 20 2011 // A U.S. appeals court reversed an order freezing enforcement outside of Ecuador of an $18 billion damages award against Chevron Corp over pollution in the Amazonian rain forest.The order, issued by the 2nd U.S. Circuit...
Sep 20 2011 // Automakers, including Hyundai Motor Co. and Subaru recalled more than 800,000 cars and trucks last week for defects including faulty airbags, according to federal regulators.Separately, the National Highway Traffic Safety...
Sep 19 2011 // Current and former BP executives and directors won dismissal last week of one of several U.S.-shareholder lawsuits filed over last year’s Gulf of Mexico oil spill.A federal court in Houston on Sept. 15 said it was...
Sep 19 2011 // President Barack Obama signed into law a patent overhaul bill Friday that backers say will curb frivolous lawsuits and help the U.S. Patent and Trademark Office do the hiring needed to clear a huge backlog of...
Sep 19 2011 // A key court ruling in the Gulf of Mexico oil spill litigation could change the landscape in the massive case — encouraging more plaintiffs to sue, or spurring the parties to make a deal to resolve what could be a long...
Sep 19 2011 // A key court ruling in the Gulf of Mexico oil spill litigation could change the landscape in the massive case – encouraging more plaintiffs to sue, or spurring the parties to make a deal to resolve what could be a...
Sep 19 2011 // Nature is pummeling the United States this year with extremes.Unprecedented triple-digit heat and devastating drought. Deadly tornadoes leveling towns. Massive rivers overflowing. A billion-dollar blizzard. And now,...
Sep 19 2011 // The cost of responding to data breaches is on the rise, according to a recent study. The 2010 Annual Study: U.S. Cost of a Data Breach, released in March 2011 by Symantec Corp. and privacy and information management...
Sep 19 2011 // A U.S. appeals court handed President Barack Obama a victory for his signature healthcare law on Sept. 8, ruling against challenges by the state of Virginia and others seeking to invalidate the law as unconstitutional.The...