All the headlines from our USA Topic Page, ordered by recency.
Aug 17 2011 // A U.S. appeals court on Tuesday upheld a method developed by the trustee liquidating Bernard Madoff’s firm for determining how to calculate investor losses, handing a defeat to so-called “net winners.”The...
Aug 16 2011 // An Indiana school district violated the First Amendment rights of two teenage girls who were punished for posting sexually suggestive photos on MySpace during their summer vacation, a federal judge ruled.The case involving...
Aug 16 2011 // Insurance Australia Group Limited (IAG) announced it has agreed to acquire a 20 percent strategic interest in China’s Bohai Property Insurance Pty Ltd., a general insurerIAG said it would pay RMB687.5 million...
Aug 15 2011 // A motorcycle wreck turned a Lenawee County man into a paraplegic. Desperate for any relief, he chose stem-cell surgery in Europe, a procedure that may have improved his health but left him with a $51,000 bill.Now, after...
Aug 15 2011 // President Barack Obama’s signature healthcare law suffered a setback Friday when a U.S. appeals court ruled that it was unconstitutional to require all Americans to buy insurance or face a penalty.The U.S. Appeals...
Aug 15 2011 // American International Group (AIG) showed the world it wants to once again be taken as a systemic risk to the financial system by offering to help bail out the U.S. government.Buoyed by its sale of its surplus lines (see...
Aug 15 2011 // China has closed on its previously announced acquisition of the top 25 surplus lines insurers in the U.S. for $21 billion.As a group the 25 insurers write $26 billion, which is about 80 percent of the entire U.S. surplus...
Aug 15 2011 // Critics have for years complained that the U.S. property/casualty insurance industry’s employment picture does not reflect the diversity of America.A new report from the Employment Equality Office (EEO) confirms...
Aug 12 2011 // In a court case that has all sides seeing red, a judge said this week that a French maker of luxury shoes worn by stars such as Sarah Jessica Parker, Scarlett Johansson and Halle Berry will likely fail in its effort to...
Aug 11 2011 // California Insurance Commissioner Dave Jones yesterday issued the following statement in regard to the downgrade by Standard & Poor’s (S&P) of the credit rating of certain insurers from AAA to AA+ associated...
Aug 11 2011 // A lawsuit accusing former Defense Secretary Donald Rumsfeld of personal responsibility for U.S. forces allegedly torturing two American whistleblowers who worked for an Iraqi contracting firm will be allowed to move...
Aug 11 2011 // The U.S. regulator of credit unions this week sued Goldman Sachs & Co. for more than $491 million in damages over losses incurred by two failed credit unions that purchased mortgage-backed securities underwritten by...
Aug 10 2011 // Continuing economic weakness in Europe and the debt crisis in the United States have elevated the risk profile of U.S. insurers, stirring insurance rating agency A.M. Best to stress test insurers for how they might be...
Aug 10 2011 // Heat and drought are parching the southern U.S. plains, floods and tornadoes have shattered long-standing records, and the tropical Atlantic is steaming into the traditionally busiest part of the hurricane season.With...
Aug 10 2011 // Standard & Poor’s, whose unprecedented downgrade of U.S. debt triggered a worldwide stocks sell-off, is pushing back against a U.S. government proposal that would require credit raters to disclose...
Aug 10 2011 // An Army soldier who filed a lawsuit over the treatment of his wife’s cancer at a military hospital at Fort Campbell, Ky., has reached a settlement with the federal government for $2.15 million.U.S. District Court...
Aug 9 2011 // Captive insurance professionals from throughout the United States and around the world are gathering in Burlington, Vermont next week for the world’s largest captive insurance conference. The Sheraton Hotel and...
Aug 8 2011 // Standard & Poor’s Ratings Services lowered its long-term sovereign credit rating on the United States of America to ‘AA+’ and assigned a negative outlook on Aug. 5, and as a result the rating agency...
Aug 8 2011 // XL Insurance has appointed Richard DeSimone to the new position of president of its U.S. Ocean and Inland Marine unit.Prior to joining XL Insurance, DeSimone served as president of the Travelers Insurance Ocean Marine...
Aug 5 2011 // The U.S. set a record for the most tornadoes within a month with April’s deadly storms.The final report for the month shows there were 753 twisters across the country, including a super outbreak on April 25-28 that...