Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Retired Engineer Questions Plans to Relieve Houston-Area Bayou Flooding
Apr 27 2018 // Hurricane Harvey’s epic rain in August 2017 convinced many residents and elected officials in Southeast Texas that the drastic flooding required drastic drainage solutions. The Galveston County Daily News reports one...
3 States Ask Court to Revisit Decision Against Fiduciary Rule for Advisors
Apr 27 2018 // Attorneys general from California, Oregon and New York on Thursday filed a motion to intervene in a case between the securities industry and the U.S. Department of Labor, petitioning the full 5th U.S. Circuit Court of...
Swiss Re to Create Standalone E&S Unit for U.S.
Apr 27 2018 // Swiss Re Corporate Solutions has announced the creation of a standalone excess and surplus (E&S) business unit in North America. This unit will include Swiss Re’s traditional E&S property and E&S casualty...
AXA Prices IPO of U.S. Division to Help with XL Takeover
Apr 26 2018 // French insurer AXA on Thursday priced the forthcoming initial public offering (IPO) of its U.S. division at $24-27 per share, in a deal that could value the part of the business being listed on the market at $3.5...
U.S. Insurers Not Doing Enough on Sustainability, New Report Shows
Apr 26 2018 // A new report from a sustainability advocate gives two green thumbs down to the U.S. insurance industry for its inability to grow its efforts, or its interest, in dealing with climate change compared with other sectors. The...
Massachusetts Holds 7th Annual National Cyber Crime Conference
Apr 26 2018 // More than 700 law enforcement officers, prosecutors and investigators from across the U.S. and Canada recently attended the seventh annual National Cyber Crime Conference hosted by Massachusetts Attorney General Maura...
Merck Loses Bid to Collect Patent Infringement Damages from Gilead
Apr 26 2018 // A U.S. appeals court on Wednesday affirmed a ruling that pharmaceutical company Merck & Co. dishonestly obtained patent rights and was not entitled to collect a $200 million infringement verdict it won against rival...
Southwest Has Paid Millions in Safety Violation Fines, Faced Union Safety Complaints
Apr 25 2018 // Southwest Airlines runs its planes hard. Planes flying for Dallas-based Southwest make many short hops and more trips per day than other U.S. airliners, which add to wear and tear on airplane parts, including the...
Texas Attorney Gets 10-Year Sentence for Role in $26M Work Comp Fraud
Apr 25 2018 // An attorney in Grand Prairie, Texas, has been sentenced to 120 months in federal prison and ordered to pay $26,572,458.93 in restitution for his role in a workers’ compensation fraud scheme. Federal prosecutors say...
‘Best Pricing in Quite Some Time’ Helped Chubb Weather Catastrophes for Solid Q1
Apr 25 2018 // Despite higher catastrophe losses, Chubb Limited reported a solid first quarter with net income of $1,082 million, about the same as the $1,093 million it achieved for the same quarter last year. Core operating income was...
Audi Recalls 1.16 Million Vehicles Worldwide
Apr 25 2018 // Volkswagen AG’s luxury unit Audi said on Tuesday that it is recalling 1.16 million vehicles worldwide because of concerns that an electric coolant pump could overheat or short-circuit from moisture within the pump...
Supreme Court Denies Human Rights Claims Against Foreign Bank
Apr 25 2018 // The U.S. Supreme Court on Tuesday ruled that foreign corporations cannot be sued in American courts for human rights abuses overseas, refusing to revive a lawsuit claiming Jordan-based Arab Bank Plc helped finance militant...
Supreme Court Upholds Patent Review Process Favored by High-Tech
Apr 25 2018 // The U.S. Supreme Court on Tuesday gave its stamp of approval to a government review process prized by high technology companies as an easy and cheap way to combat “patent trolls” and others that bring patent...
Monkey Loses Court Fight Over Selfie Copyright to Human
Apr 25 2018 // A U.S. appeals court this week favored humans over animals in a novel copyright lawsuit filed over a series of entertaining selfies taken by a monkey with a toothy grin. U.S. copyright law does not allow lawsuits that seek...
Insurers Fear U.S. Economic Slowdown, Inflation: Goldman Sachs
Apr 25 2018 // Goldman Sachs Group Inc.’s asset-management unit, which oversees $250 billion for insurers, said an economic slowdown in the U.S. is the biggest investment risk for the industry for the first time since the financial...
Travelers Boosts Q1 Profit; Talks Central Underwriting, Potential with Nationwide Agents
Apr 24 2018 // The Travelers Companies boosted its net income for the quarter ended March 31, 2018, by 10 percent to $669 million compared to $617 million in the prior year quarter despite unusually high catastrophe losses in...
Report from Sustainability Advocate Shows U.S. Insurers Lag Peers
Apr 24 2018 // While a small group of insurance companies is taking meaningful steps to acknowledge and respond to the business risks posed by a new operating reality posed by a changing climate, overall the sector’s performance...
Lance Armstrong, US Government Settle Lawsuit for $5M
Apr 23 2018 // Lance Armstrong reached a $5 million settlement with the federal government in a whistleblower lawsuit that could have sought $100 million in damages from the cyclist who was stripped of his record seven Tour de France...
Hartford Insurtech Hub Gives 10 Startups Shots at Partnerships with Insurers
Apr 23 2018 // Emerging from a 10-week accelerator program, 10 technology-powered insurance startups presented their ideas for enhanced customer engagement, cyber security, digital health, smart home products and supply chain management...
U.S. Risk Announces U.S. Risk Lawyers Advantage RPG
Apr 23 2018 // Dallas, TX, April 23, 2018—U.S. Risk Underwriters, Inc., a member of U.S. Risk Insurance Group, LLC, the nation’s sixth largest Property and Casualty wholesaler, has launched a new risk purchasing group to...
