Latest USA Headlines

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

Obama Offers New Plan to Revive Health Care Push

Feb 22 2010 // President Barack Obama tried to rejuvenate his stalled U.S. health care overhaul Monday with a revised plan to make insurance coverage more affordable and bolster federal authority to regulate premium hikes.The proposal...

Global Warming Litigation Just Getting Started

Feb 21 2010 // Toward the end of 2009, it appeared that a number of issues with the possibility of creating significant political and social changes were on the verge of becoming law before stalling or imploding. One such issue with...

People

Feb 21 2010 // The Independent Insurance Agents of Texas (IIAT) on Feb. 2 presented its 2010 Independent Leadership Award to Joe Straus III, speaker of the Texas House of Representatives. The Independent Leadership Award was presented...

Torus Hires Maza to Oversee Management Liability Products in U.S.

Feb 19 2010 // Specialty insurer Torus has appointed Alex Maza to oversee its U.S. Management Liability platform.Maza, who is based in New Jersey, will focus on building Torus’ offerings — which include D&O, Employment...

Austin Plane Crash – Intentional Act or Terrorism?

Feb 19 2010 // Austin, Texas, Police Chief Art Acevedo stopped short of calling the crashing of a small plane into a commercial office building in northwest Austin on Feb. 18 a terrorist act, but U.S. Representative Mike McCaul said he...

United America Indemnity Plans to Re-Domicile in Ireland

Feb 19 2010 // United America Indemnity has announced that its Board of Directors has unanimously approved a plan to re-domicile from the Cayman Islands to Ireland. The Company’s shareholders will be asked to vote in favor of...

Kyoto Climate Pact Risks Dying, as No New Agreement is in Sight

Feb 18 2010 // Efforts to extend the Kyoto climate pact framework risk collapse in a setback to years of diplomatic bargains, as chances fade that the United States will join other rich nations in capping emissions.December’s U.N....

Fairfax to Buy all Remaining Shares of Zenith in $1.4 Billion Deal

Feb 18 2010 // Fairfax Financial Holdings Ltd said Thursday it will buy all the shares of U.S. insurer Zenith National Insurance Corp that it does not already own in a deal worth about $1.4 billion.[Figures are in U.S. $, unless...

AXA Asia-Pacific Returns to Profit; No Comments on Takeover Bids

Feb 17 2010 // Takeover target AXA Asia-Pacific’s promise of strong growth in 2010 prompted analysts to suggest suitors may consider raising their bids for the firm but top officials declined comment on the $12 billion...

Certain Safety Codes Didn’t Apply to Connecticut Plant

Feb 16 2010 // Three days before the deadly explosion at a Connecticut natural gas power plant, a federal agency that investigates chemical accidents recommended urgent changes to national safety standards for clearing gas from pipes.But...

PartnerRe Changes Organizational Structure after PARIS RE Acquisition

Feb 12 2010 // Bermuda-based PartnerRe Ltd. Has announced organizational changes, following the acquisition of PARIS RE. The Company said it would “maintain its existing business unit-based operating structure, consisting of three...

Why AIG Omitted JP Morgan from Underwriters for Life Insurer IPO

Feb 12 2010 // American International Group Inc. turned down JPMorgan’s attempts to get in on the estimated $10 billion Hong Kong IPO of its Asian life insurance unit, sources involved with the deal said on Friday, in a snub partly...

Democrats Seize on Wellpoint’s 39% Rate Hike to Renew Reform Effort

Feb 12 2010 // Health insurer WellPoint Inc. defended its rate hike of up to 39 percent for certain California customers as Democrats latched onto the increase to press their case for overhauling the U.S. healthcare system.The...

Toyota Now Facing Lawsuits over Shrinking Resale Values of Cars

Feb 11 2010 // Added to a wave of personal injury lawsuits stemming from Toyota’s massive recall, the automaker faces a growing number of consumer class-action cases — more than 40 so far — over the shrinking resale...

Armour Re Selects Barker to Serve as U.S. Subsidiary President

Feb 10 2010 // Bermuda-based Armour Reinsurance Group Holdings Limited announced the appointment of Katherine Barker as President of its US subsidiary, Armour Risk Management Inc. and group vice president. Armour Risk is the...

Special Reuters Report: Inside Toyota’s Epic Breakdown

Feb 10 2010 // Toyota Motor Corp., the world’s most dominant and profitable automaker, was not accustomed to outsiders telling it what to do, let alone some obscure bureaucrat from the United States, whose own car industry was on...

Buffett, Paulson Agree U.S. Economy Needed Tough Medicine

Feb 10 2010 // Former U.S. Treasury Secretary Henry Paulson and billionaire investor Warren Buffett, from different sides of the political spectrum, expressed support Tuesday for the U.S. government’s aggressive steps in 2008 to...

Toyota Adds Prius to Global Recall List; Brake Problems Cited

Feb 9 2010 // Toyota Motor Corp said it is recalling nearly half a million of its flagship Prius and other hybrid cars for braking problems as it seeks to address criticism over the handling of its worst safety crisis.The world’s...

U.S. Shareholders Sue Toyota

Feb 9 2010 // Toyota faced its first U.S. class-action lawsuits stemming from complaints of faulty brakes in its top-selling Prius hybrid car and from investors claiming they were misled about problems with unintended acceleration in a...

AIG Hires KeyCorp’s Hancock to Oversee Finance, Risk

Feb 8 2010 // American International Group Inc. is expected to hire Peter Hancock, a KeyCorp vice chairman and financial services veteran, in a newly created role, overseeing finance, risk and investments, according to two sources close...