Latest USA Headlines

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

It Figures

May 4 2009 // 4 to 5Risk Management Solutions of Newark, Calif., predicts a storm season similar to 2008 could occur every four to five years on average. Last year’s season, which included nearly 1,700 tornadoes, was the costliest...

Increase Traffic to Your Internet ‘Real Estate’

May 4 2009 // Nearly half of the United States — more than 163 million people — are using the Internet, according to a recent Nielsen poll. And they are using search engines to research local businesses far more than they are...

Business Moves

May 4 2009 // Farmers, American International Group (AIG), 21st Century Insurance Co.Los Angeles-based the Farmers Insurance Group of Companies announced it will acquire American International Group’s (AIG’s) Personal Auto...

Katrina Flood Victims’ Civil Suit Against Corps Underway

May 4 2009 // Mississippi River-Gulf Outlet. Photo: Michael Maples/U.S. Army Corps of EngineersLong awaited court proceedings pitting the Army Corps of Engineers against victims of flooding in New Orleans as a result of Hurricane...

People

May 4 2009 // Joseph Tracy has been named president of Travelers Inland Marine business unit. Tracy, who joined Travelers in 2006, most recently served as chief underwriting officer for the Inland Marine business unit.Prior to joining...

California Remains Top Spot for Vehicle Thefts

May 4 2009 // The National Insurance Crime Bureau (NICB) reported that 2008 marked the nation’s fifth consecutive year of declining vehicle thefts in the United States. Although most areas experienced a reduction in vehicle theft,...

Buffett Criticizes Bank Stress Tests; Eyes Insurance for Flu Pandemic

May 4 2009 // Warren Buffett criticized the government’s stress tests of 19 large U.S. banks, and said he would buy more shares of three big banks in the portfolio of his Berkshire Hathaway Inc.Buffett also told reporters on...

Captain Phillips Tells Congress Arming Crews Could Help Fight Pirates

May 1 2009 // Richard Phillips, the U.S. ship captain held hostage by Somali pirates, told Congress Thursday he thought arming some members of commercial ship crews could help beat back pirate attacks.But shipping executive John Clancey...

2 More Kansas Storm Deaths Reported

May 1 2009 // Two people were found dead in a southeast Kansas creek this week, bringing to five the number of deaths blamed on violent storms since the weekend.The state Division of Emergency Management said Labette...

AIG’s P/C Arm Eager to Split, New Name in Question

Apr 30 2009 // American International Group’s property/casualty division is moving swiftly to break ties with its parent company, setting itself up to be a stand-alone company, said AIG Chief Executive Edward Liddy.But the name the...

Regulator Sees Mergers Coming in Weakened Life Insurance Sector

Apr 29 2009 // U.S. life insurers, weakened by the global financial crisis, are in for mergers and regulators will not shy away from playing matchmaker to deal with weak companies, Eric Dinallo, New York’s insurance superintendent,...

Sailor Sues Owner, Crew Company of U.S. Ship Hijacked By Somali Pirates

Apr 29 2009 // A member of the crew on the U.S.-flagged ship hijacked by African pirates sued the owner and another company, accusing them of knowingly putting sailors in danger.Richard E. Hicks alleges in the suit that owner Maersk Line...

Best Affirms QBE Re (U.S.) ‘A’ Ratings

Apr 29 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” of the New York-based QBE Re Group (U.S.) and its members. The rating actions apply to...

World Battles to Curb Deadly Mexico Flu Strain

Apr 28 2009 // World governments and businesses announced new steps on Tuesday to try to slow the spread of a new strain of swine flu that has killed up to 149 people in Mexico and threatens to become a pandemic.The World Health...

Marsh Reports Captives Maintain Position Despite Economic Crisis

Apr 28 2009 // A study, published by Marsh, finds businesses continue the trend to self-insure through captives. “Despite the global economic recession and continued soft commercial insurance market, businesses in all parts of the...

AIG a Lesson for European Watchdogs

Apr 28 2009 // AIG’s near collapse is a credit-crunch case study in how Europe can improve supervision of big cross-border insurers, a top EU market regulator said on Monday.The American insurer has received nearly $180 billion in...

U.S. Recovery Could Be Hurt by Fear of New Regulation

Apr 28 2009 // Too many regulators currently watch over U.S. companies and a fear that some industries may soon face even more rules could be hurting the U.S. recovery, two top financial industry executives said.“We need a lot...

Rep. Frank: House Panel to Examine Federal Regulation Option for Insurance

Apr 28 2009 // A congressional panel will examine whether an optional federal charter for insurance companies is needed, the chairman of the U.S. House Financial Services Committee said Tuesday.The committee’s panel on insurance...

Study: Many Employees Undermine Data Breach Prevention Strategies

Apr 27 2009 // Many employees disable the encryption solutions on their laptops, putting their employers at risk for data breaches, according to a study by Absolute Software Corp. and the Ponemon Institute.The study, “The Human...

World’s Financial Sector Facing ‘Hornet’s Nest’ of Political Risk

Apr 24 2009 // Oh, for the days when a little irrational exuberance was the biggest problem facing the world’s bankers and financiers.It is way beyond that now. With the financial world mired in a stubborn credit crisis and the...