Latest USA Headlines

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

U.S. Alters Strategy with China on Product Safety; Opens China Offices

Nov 19 2008 // The United States said this week that it has embarked on a new strategy with China to ensure that products imported into the U.S. are safe.Worries about the quality of Chinese exports to the U.S. have become a major...

Lloyd’s Expects U.S. To Adopt Federal Regulation of Insurance

Nov 19 2008 // Pushed by the global economic crisis, the United States is expected to embrace federal regulation of the insurance industry as early as 2009, according to some financial and insurance executives.Federal regulation in the...

Insurers Urged to Check Business Process Patents After Bilski Ruling

Nov 18 2008 // A recent federal court ruling could jeopardize the way some insurance, banking and high technology companies protect their business methods through patents.The United States Court of Appeals for the Federal Circuit...

Somali Pirates Hijack Saudi Supertanker off East Africa

Nov 18 2008 // Somali pirates have captured a fully laden Saudi supertanker far off east Africa, seizing the biggest vessel ever hijacked with a cargo of oil worth over $100 million in an attack that pushed world crude prices higher.The...

Survey: Women Business Owners Optimistic on 2009 Despite Liability Risk

Nov 17 2008 // Nearly three in five (58 percent) women business owners anticipate that their organizations’ revenues will grow in 2009, and nearly one-half (44 percent) do not expect difficulty in obtaining access to credit,...

EU, U.S. Warn China on Toy Safety Before Christmas

Nov 17 2008 // The consumer chiefs of the European Union and the United States called on China on Monday to crack down on unsafe products, especially toys, ahead of Christmas.More than 20 million Chinese-made toys were recalled worldwide...

Scorecard: Small Business at the Supreme Court

Nov 16 2008 // There is no question that the U.S. Supreme Court’s decisions impact small business. In fact, studies have shown that more than 40 percent of the court’s cases deal with issues that directly affect the business...

It Figures

Nov 16 2008 // $11.5 BillionThe amount U.S. property/casualty insurers are expected to pay homeowners and businesses for third-quarter property losses resulting from a total of 11 catastrophes in 22 states, according to preliminary...

Successive Hurricanes: Potential Windfall for Insureds?

Nov 16 2008 // The 2008 hurricane season came very close to presenting, on a large scale, the potential quandary caused by successive losses. On Sept.1, 2008, Hurricane Gustav came ashore and caused substantial damage from the Louisiana...

People

Nov 16 2008 // The Texas Surplus Lines Association Inc. elected new officers and directors at its 52nd annual meeting held Nov. 3, 2008, at the Four Seasons Hotel in Austin.The new officers are: President Paul Rainey, president of RSI...

Insurance Industry’s Political Contributions to Democrats Spike in 2008

Nov 16 2008 // Political contributions to Democratic candidates in the 2008 election spiked more than 10 percent overall, according to data from the Center for Responsive Politics, a nonpartisan, independent research group that tracks...

CEO of New Marsh Retail Agency Sees Lean, Nimble Operation

Nov 16 2008 // Global insurance broker Marsh, accustomed to handling large and complex insurance accounts, has its eye on the $80 billion in insurance premium paid by smaller and emerging growth companies in the United States. The broker...

Catlin Group’s Interim Management Statement Shows Top Line Gains

Nov 14 2008 // The Bermuda-based Catlin Group Limited has just released its “Interim management Statement,” which shows premium gains in most sectors, but did not give fianncial results.Catlin operates extensively in the...

Meltdown 101: Why Did the AIG Bailout Get Bigger?

Nov 12 2008 // It’s a $150 billion gamble.That’s the size of the newly enlarged financial lifeline the U.S. government threw tottering insurance giant American International Group on Monday, expanding an aid package...

Survey Finds World Business Leaders Back More Regulation

Nov 12 2008 // Business leaders around the world back greater regulation in response to the global financial crisis, a survey showed on Wednesday, with support strongest for curbs on credit rating firms, hedge funds and structured...

AIG Outlines Revised Bailout Plan

Nov 10 2008 // American International Group, Inc. (AIG) today announced agreements with the U.S. Treasury and the Federal Reserve to establish a durable capital structure for AIG, and facilities designed to resolve the liquidity issues...

AIG Reworks Bailout; Fed Ups Support to $150B, Lowers Interest Rate

Nov 9 2008 // The U.S. government dramatically boosted its bailout of insurer American International Group Inc. and eased the terms of its loans to the company on Monday after an initial rescue plan failed to stabilize the company.Under...

Insurers Advised to Get Federal Funds By Applying for Bank Charter

Nov 9 2008 // U.S. insurance companies trying to get access to government funding can apply for a bank or thrift charter at the same time as they apply for a cash infusion under the U.S. government’s $700 billion financial...

Taxpayers on Hook for Mortgage Executives’ Legal Defense Costs

Nov 7 2008 // When the U.S. government took over mortgage giants Fannie Mae and Freddie Mac, taxpayers inherited more than just bad debts. They’re also potentially on the hook for tens of millions of dollars in legal fees for the...

Ex-New York Gov. Spitzer Will Not Face Sex Ring Charges

Nov 6 2008 // U.S. prosecutors in New York said Thursday they would not seek criminal charges against former New York Gov. Eliot Spitzer for his involvement in a prostitution ring that led to his resignation.Spitzer, who stepped down in...