Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
AFL Insurance Brokers Finds Cultural Fit with U.S. MGA Zodiac
Nov 19 2018 // AFL Insurance Brokers, the London-based Lloyd’s broker, was looking for an MGA platform in the United States and found the perfect partner when it purchased Zodiac Insurance Services, which specializes in...
Michigan Man Sentenced to Prison for Staged Auto Crash Fraud Scheme
Nov 16 2018 // A Michigan man who pled guilty to participating in a multi-state staged auto accident/insurance fraud scheme has been sentenced to prison, according to the United States Attorney’s Office. Marvin David Ramirez, 45,...
Deutsche Bank, BofA, JPM Drawn into Danske Money Laundering Probe: Sources
Nov 16 2018 // Deutsche Bank AG and Bank of America Corp. have been contacted by U.S. criminal investigators for information about transactions they handled for a small bank branch in Estonia that’s at the center of one of the...
Boeing Defends 737 Safety as First U.S. Lawsuit Filed Over Lion Air Crash
Nov 16 2018 // Boeing Co. has been sued in what may be the first U.S. claim tied to the crash of Lion Air Flight 610, which dove into the Java Sea after taking off from Jakarta Oct. 29. Irianto, the father of Dr. Rio Nanda Pratama, an...
Tokio Marine’s Sale of Reinsurance Units to Boost Operational Efficiency: Fitch
Nov 16 2018 // Tokio Marine Holdings Inc.’s (TMHD) sale of two European reinsurance subsidiaries is likely to streamline its holdings and boost operational efficiency in the group’s underwriting businesses, Fitch Ratings...
Kentucky Woman Gets 5 Years, Ordered to Pay $1.6M for Crop Insurance Fraud
Nov 16 2018 // A Kentucky woman was sentenced to five years in prison and ordered to pay $1.6 million in restitution for crop insurance fraud. The U.S. attorney’s office in Lexington said 63-year-old Debra Muse of the Wallingford...
Carbon Copies of Flo, Jake, Gecko Join Climate Change Protest at NAIC Meeting
Nov 15 2018 // An angry Flo, an unusually sullen Jake, a less-than cheeky Gecko and a hawkish duck stood outside the National Association of Insurance Commissioners meeting in San Francisco on Thursday in protest to call out the industry...
Danske Bank’s Money Laundering Could Implicate Other Banks: Whistleblower Lawyer
Nov 15 2018 // Danske Bank’s 200 billion euro ($225 billion) money laundering scandal might be the “tip of the iceberg” and investigators should examine whether major Western banks played a role, a lawyer for the...
U.S. Multinationals Flee No-Tax Caribbean Havens, in Favor of Low-Tax Havens
Nov 15 2018 // Many U.S. multinational corporations have packed up or are choosing to open subsidiaries in low-tax, rather than no-tax, countries that are seen as more legitimate than the formerly popular island destinations of the...
Global Regulators Delay, Rethink ‘Too-Big-to-Fail’ Designation for Insurers
Nov 15 2018 // Global insurance regulators will put off singling out insurers deemed so important to the financial system that they are required to hold extra capital, in a victory for companies such as American International Group and...
Bipartisan Senate Bill Would Regulate Proxy Advisors
Nov 15 2018 // Six U.S. senators on Wednesday introduced a bill that would require the U.S. securities watchdog to directly regulate firms such as Glass, Lewis & Co and Institutional Shareholder Services, which advise investors on...
Anxious Farmers Look to Lame Duck Congress to Pass Safety Net Farm Bill
Nov 13 2018 // U.S. soybean farmer Mike Schlosser does not expect President Donald Trump’s trade war with China, the single biggest headwind to his business, to end any time soon. But he is among many in farm country who expect at...
U.S. Pilots Maintain Boeing Never Warned of System Linked to 737 Crash in Indonesia
Nov 13 2018 // Two U.S. pilots’ unions say the potential risks of a safety feature on Boeing Co.’s 737 Max aircraft that has been linked to a deadly crash in Indonesia weren’t sufficiently spelled out in their manuals...
SEC to Revisit ‘Proxy’ Voting Favored by Investors Raising Social, Climate Issues
Nov 9 2018 // The U.S. securities regulator is set to review this month rules on corporate democracy, setting it up for a clash with investors who worry the agency will side with companies to diminish voting rights on charged issues...
Allianz’ Q3 Net Profit Surges 24% to €1.94B (US$2.2B)
Nov 9 2018 // Allianz is “highly likely” to reach the upper half of its 2018 profit target range, Chief Financial Officer Giulio Terzariol said as the German insurer cited lower costs and claims in its third quarter results...
Tallying Losses from October’s Global Catastrophes
Nov 8 2018 // October was a deadly and costly month due to natural catastrophes, with the the U.S. and Europe being hit particularly hard, according to Aon’s Impact Forecasting. Total U.S. economic losses from October’s...
Girls to Face Boys in a Federal Trademark Suit Over ‘Scout’ Term
Nov 7 2018 // A year after the Boy Scouts of America announced it would admit girls, the Girl Scouts of the United States of America punched back Tuesday with a federal trademark lawsuit seeking to block the boys group from rebranding...
AIG Winds Down Iran Business It Acquired Along With Validus
Nov 7 2018 // American International Group Inc. is exiting business activities in Iran that came with a subsidiary it acquired and which now butt up against the sanctions against Iran that have been reimposed by the Trump...
Run-Off Venture SOBC Darag Completes First Acquisition of Florida Auto Insurer Peachtree
Nov 7 2018 // SOBC DARAG, the joint venture formed between SOBC, the US-based run-off specialist, and DARAG, the leading legacy acquirer, has completed of its first acquisition of Peachtree Casualty Insurance Co. of Florida. The...
HDI Adds to U.S. Engineering Lines & Construction Division in Chicago
Nov 6 2018 // HDI Global Insurance Co., headquartered in Chicago, has expanded its Engineering Lines & Construction Division with several new hires. John Sprague has been appointed senior construction liability underwriter. He will...
