Latest USA Headlines

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

Floodway Opening a Blessing for Louisiana Refineries

May 16 2011 // The opening of a key spillway to relieve flooding along the Mississippi River could create logistical headaches for big Gulf Coast refiners, but will likely spare the lion’s share of the area’s refining...

Sex, Lies and the Reckless Choices of the Powerful

May 16 2011 // Sex and power are no strangers. History is littered with tales of the powerful and privileged felled by sex scandals.But make no mistake. If IMF chief Dominique Strauss-Kahn is found guilty as charged of attempting to rape...

Catlin’s Q1 Interim Statement Highlights 11% Rise in GPW

May 16 2011 // The Bermuda-based Catlin Group’s interim statement for the first quarter of 2011, highlights a substantial 11 percent increase in gross premiums written to $$1.412 billion from $1.272 billion in Q1 2010. Net premiums...

Firms Fail to Grasp Intellectual Property Risks: Marsh/LIU Report

May 16 2011 // Global businesses do not understand the intellectual property risks facing their organizations or the value of their intangible assets, a new report says.Three-quarters of organizations are unable to identify the...

Storms That Shatter Lives Hold Lessons for Insurers

May 16 2011 // It used to be the low-frequency, high-severity events that kept U.S. property insurance producers, carriers, and reinsurers up at night. These big Cats have become part of our collective history – Hurricanes Andrew,...

Wiring in Faulty Drywall Homes Found to Be Safe

May 16 2011 // Federal safety officials have stopped recommending removal of all electrical wiring in homes with problem drywall, a change in the safety protocol that could reduce the cost of remediation.The U.S. Consumer Product Safety...

White House Urges Congress to Act on Cybersecurity

May 13 2011 // The White House Thursday pressed Congress to pass strong cybersecurity measures to protect consumers’ personal information and safeguard the nation’s financial system and electric power grid from potentially...

Lawyers Eye Data Breach Lawsuits But Damages Uncertain

May 13 2011 // The recent hacker attack at Sony Corp. and other corporate data breaches are attracting more class-action lawyers eager to score a payday, though huge monetary settlements may be elusive.At least 25 lawsuits have been...

Lloyd’s Estimates Losses from Q1 Disasters at $3.8 Billion

May 13 2011 // After careful calculation Lloyd’s has announced its estimated net claims before tax from the earthquakes this year in Japan and New Zealand and the January 2011 floods in Australia. The current net estimates were...

Arctic Nations Step up Cooperation on Safety, Oil Spills

May 13 2011 // Arctic nations agreed on Thursday to improve cooperation including on preventing oil spills as a thaw of ice and snow opens access to the remote region’s rich mineral and petroleum resources.The Arctic Council,...

Ratings Recap: Keystone, Forestry Mutual, Residential Re, National Unity, Dakota

May 12 2011 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A+’ (Superior) from’ B++’ (Good) and the issuer credit ratings (ICRs) to “aa-” from “bbb” of Keystone...

Liability Lawsuits Against U.S. Rating Agencies Dismissed

May 11 2011 // The three major U.S. credit rating agencies won the dismissal of lawsuits seeking to hold them liable as “underwriters” for helping banks structure securities transactions to achieve desired ratings.The 2nd...

Alaska Workplace Fatalities Down 42.5%

May 11 2011 // Alaska has seen a significant decrease in workplace fatalities — down 42.5 percent from the previous decade — according to the epidemiology branch of the state Division of Public Health.According to the Division,...

Wal-Mart Facing Job Bias Suit from Fired Cuban Warehouse Workers

May 11 2011 // Former Wal-Mart Stores Inc. warehouse workers of Cuban origin may pursue a lawsuit accusing the world’s largest retailer of discrimination, and of firing them when they complained about their treatment.Monday’s...

Bus, Taxi Drivers Targeted in Ongoing New York Crackdown

May 11 2011 // The latest and broadest sting in a crackdown on commercial drivers that has ensnared 173 of them since a deadly March tour bus crash has netted nearly four dozen more arrests of drivers of tour buses, New York City buses,...

AIG, U.S. Treasury to Sell Nearly $9 Billion in Stock

May 11 2011 // American International Group and the U.S. Treasury said Wednesday they will sell just under $9 billion in AIG stock, suggesting the government’s exit from its crisis-era investment will be more difficult than...

Chevron, Ecuadoreans Spar over Halted Damage Award

May 11 2011 // Lawyers for Ecuadorean villagers who sued Chevron Corp over pollution in the Amazon rain forest asked a U.S. appeals panel Tuesday to modify a court order that halted enforcement of an $8.6 billion award against the oil...

Federal Appeals Court Questions Virginia Challenge to Healthcare Law

May 10 2011 // A U.S. appeals court Tuesday sharply questioned whether the state of Virginia could challenge President Barack Obama’s signature healthcare law, which requires Americans to buy insurance in a bid to slow healthcare...

U.S. Appeals Court Hears Arguments Over Healthcare Mandate Today

May 10 2011 // Lawyers for President Barack Obama go to court Tuesday to try to save the cornerstone of his healthcare overhaul, arguing that the requirement for Americans to buy insurance is constitutional.A three-judge panel of the...

Hiscox Issues Interim Management Statement; Sees Future Rate Hikes

May 10 2011 // Hiscox Ltd., which operates in the U.S., Bermuda and Europe, as well as the Lloyd’s and UK market, has issued its Interim Management Statement for the first three months of the year to 31 March 2011.Hiscox said its...