Latest USA Headlines

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

Sen. Nelson Questions BP Tax Break for Oil Disaster Cleanup Costs

Jul 30 2010 // A U.S. senator from Florida called for a congressional inquiry into BP Plc’s plan to use losses from the Gulf of Mexico oil spill to reap $10 billion in tax benefits.Senator Bill Nelson said Wednesday he wants a...

U.S. Regulators Demand Fix for Failed Oil Pipeline in Michigan

Jul 30 2010 // U.S. regulators have told Canada’s Enbridge to detail a safety and repair plan for a failed oil pipeline in Michigan after warning in January the company appeared to be in violation of safety standards because it was...

Japan Supertanker Probe Reveals Crash Impact

Jul 29 2010 // A Japanese supertanker, which triggered fears of an attack in the sensitive Strait of Hormuz oil shipping route, collided with something, possibly a submarine or mine, UAE port officials inspecting the ship said on...

Ten Key Indicators Show ‘Global Warming is Undeniable’

Jul 29 2010 // Melting glaciers, more humid air and eight other key indicators, show that global warming is undeniable, scientists said Wednesday, citing a new comprehensive review of the last decade of climate data.Without addressing...

New BP CEO Dudley: Gulf Disaster a ‘Wake Up’ Call to Prioritize Safety

Jul 28 2010 // BP Plc’s newly named chief executive Tuesday called the Gulf oil spill a “wake-up call” for the entire industry as the company tallied up its losses and disclosed two U.S. investigations.Bob Dudley, who...

U.S. Indicts 3 for Alleged Municipal Bid-Rigging

Jul 28 2010 // The U.S. Justice Department Tuesday indicted three former financial services executives as part of a wide-ranging probe into fraud and manipulation of prices for municipal bond derivatives.The 12-count indictment, filed in...

Congress Set to Tackle Oil Spill Liability, Drilling Safety

Jul 28 2010 // U.S. Senate Democrats are set to unveil a slimmed-down energy bill Tuesday aimed at reforming offshore drilling, but House lawmakers are taking up a tougher bill on Friday that adds another hurdle to get a bill signed into...

Montpelier Re Reports $70 Million Q2 Net Income; $73 Million Operating

Jul 27 2010 // Bermuda-based Montpelier Re Holdings Ltd., which specializes in short-tail reinsurance and other specialty lines, reported financial results for the second quarter ended June 30, 2010.Fully converted book value per share...

Europe’s CEA Expresses Concerns on Reinsurance Tax Proposals

Jul 27 2010 // The CEA (Centre d’Etudes d’Assurance), the European insurance and reinsurance federation, has written to the US House of Representatives to express its concerns over proposals to change the US tax treatment of...

New York Reopens Probe of AIG’s Cassano

Jul 26 2010 // New York State Attorney General Andrew Cuomo reopened his investigation into former American International Group Inc. executive Joseph Cassano after U.S. authorities ended their own probes, Bloomberg reported, citing a...

Navigators Environmental Expands Coverage for New Contractor Risks

Jul 26 2010 // The Navigators Group, Inc.’s principal underwriting agency subsidiary, Navigators Management Co., Inc., has introduced the Contractor’s Environmental Risk Management (ERM) Toolkit II (“Toolkit II”),...

Report Forecasts Rough Sailing for Canadian Insurers’ Results

Jul 26 2010 // Investors hoping for improved results from Canada’s insurers may want to brace for disappointment, with weak stock markets and lower bond yields seen taking take a bite out of quarterly earnings.Analysts said the...

Munich Re to Further Align Specialty Primary Insurance Platform

Jul 26 2010 // Munich Re plans to further align its U.S.-based specialty primary insurance operations to create a more robust specialty insurance platform under the leadership of Doug Elliot, president and chief executive officer of...

Army Corps Report Claims Actions Reduced Tennessee Flooding

Jul 23 2010 // The U.S. Army Corps of Engineers has concluded its actions during the May floods reduced the Cumberland River’s flood crest in Nashville by 5 feet, but the agency suffered numerous communications problems during the...

Tropical Storm Threatens Gulf Oil Disaster Containment

Jul 23 2010 // BP Plc oil spill workers in the Gulf of Mexico prepared for a possible evacuation Thursday as a tropical storm threatened more delays in attempts to end the environmental disaster.The U.S. National Hurricane Center said...

S&P’s Ratings on AIG Unchanged by New Board Chairman

Jul 23 2010 // Standard & Poor’s Ratings Services said today that its ratings on American International Group (AIG; A-/Negative/A-1) and AIG’s insurance subsidiaries (most of which are rated A+/Negative/–) are not...

Florida Braces for Tropical Storm Bonnie

Jul 23 2010 // Tropical Storm Bonnie barreled toward south Florida Friday on a track that was expected to take it over the site of BP Plc’s massive oil spill in the energy-rich Gulf of Mexico by Saturday afternoon.The fast-moving...

S&P Comments on Dodd-Frank Act’s Implications for Insurers

Jul 23 2010 // A comment from Standard & Poor’s Ratings Services notes that the Dodd-Frank Wall Street Reform and Consumer Protection Act “seeks to expand regulation to address many aspects of the financial services...

Business Groups Press Emerging Economies over Doha

Jul 22 2010 // Brazil, China and India must use their growing economic might to help revive deadlocked global trade talks, a coalition of business lobby groups said in a letter to U.S. and European Union trade negotiators.The letter,...

Midwest Threatened with More Flooding

Jul 22 2010 // The Mississippi River is back above flood stage from the southern tip of Iowa through Missouri, leaving some communities on edge as more storms threaten to bring more water.Parts of southern Iowa, northern Missouri and...