All the headlines from our USA Topic Page, ordered by recency.
Nov 5 2008 // The U.S. Department of Transportation recently extended for two years the cross-border trucking demonstration project, a reciprocal agreement that allows up to 100 Mexico-domiciled motor carriers to operate beyond the U.S....
Nov 5 2008 // Political leaders urged U.S. President-elect Barack Obama on Wednesday to help forge a new economic order and lead the world out of its worst financial crisis since the 1930s.Excitement about the election of Democrat Obama...
Nov 4 2008 // As Democratic presidential candidate Barack Obama comes down the homestretch leading Republican rival John McCain, corporate America is bracing for what lies beyond the finish line.After the election Tuesday, major changes...
Nov 3 2008 // The Supreme Court hears arguments Monday in a closely watched case that could limit liability claims against drugmakers if one of their medicines causes harm.The case pits drug giant Wyeth against a guitarist who lost part...
Nov 2 2008 // 6The owner of a Little Rock, Ark., insurance company was sentenced to six years in prison on a federal fraud conviction, the Associated Press reported. Frank Whitbeck, was ordered to pay $3.8 million restitution and was...
Nov 2 2008 // Ground view of collapsed building and burned area as a result of an earthquake at Beach and Divisadero, Marina District. Photo courtesy of C.E. Meyer, U.S. Geological Survey.California buildings are less likely to shake,...
Nov 2 2008 // Halloween has come and gone, but modern-day ghost towns continue to haunt the U.S. landscape. After nearly a decade of exponential growth, developers and homebuilders have seen the market for their product —...
Nov 2 2008 // Stock Prices: The turbulent stock market is not sparing commercial property/casualty insurers. Through the first nine months of the year stocks are down 14 percent in the sector.M&A Activity: Despite the current...
Oct 31 2008 // Maurice “Hank” Greenberg, the former American International Group Inc. chief executive, says the terms and conditions surrounding a government rescue loan are pushing the insurer closer to collapse with each...
Oct 30 2008 // Evan Greenberg, Ace Limited’s CEO, chided insurers asking to take part in a plan that could see government take stakes in ailing financial institutions, saying the motivation is not real need but access to...
Oct 30 2008 // Les Rock, president and chief underwriting officer of Ironshore Insurance Ltd., has resigned effective Oct. 31, 2008 for personal reasons.Howard Barnes, Peter Coleman and Rod Todd will continue to underwrite property...
Oct 29 2008 // China’s greenhouse gas emissions have caught up with the United States and will not fall any time soon, a top Chinese official said on Wednesday, while warning of a huge economic blow from global warming.The comments...
Oct 29 2008 // Wall Street’s struggle to recover from this month’s devastating drop is coinciding with the anniversary of another dark period for the stock market — the crash of 1929.The dramatic selling of Oct. 28-29...
Oct 29 2008 // Bermuda’s Aspen Insurance Holdings Limited will release its third quarter 2008 financial results today, Wednesday, October 29, 2008, following the close of U.S. markets.The Company will hold a conference call to...
Oct 29 2008 // The Federal Deposit Insurance Corp.’s powers could be expanded if Congress decides to shift insurance companies from state regulation to federal regulation, FDIC Chairman Sheila Bair said Wednesday.Bair said the FDIC...
Oct 28 2008 // Property/casualty insurers Travelers Cos. Inc. and Chubb Corp. said they do not need federal financial assistance and chided other insurers pushing to be included in the $700 billion bailout.“Most companies in the...
Oct 27 2008 // The Treasury Department is studying how it could give relief to insurance companies under a $700 billion financial services rescue package, two sources familiar with the deliberations said Friday.The Troubled Asset Relief...
Oct 27 2008 // The owner of a Little Rock, Ark., insurance company has been sentenced to six years in prison on a federal fraud conviction, the U.S. attorney’s office said.Frank Whitbeck, 61, also was ordered to pay $3.8 million...
Oct 24 2008 // British life insurer Prudential is considering bidding for more than just the Asian operations of American International Group , its chief executive told the Financial Times on Friday.Prudential, the UK’s...
Oct 24 2008 // Like many of its property/casualty competitors, Chubb Corp. saw its third quarter profit cut by investment losses and Hurricane Ike but the New Jersey-based insurer still emerged with $264 million in net income, $300...