Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Appeals Court Thwarts Goldman Shareholders’ Class Action Over Subprime Securities
Jan 16 2018 // A U.S. appeals court said a shareholder lawsuit accusing Goldman Sachs Group Inc. of fraudulently claiming to put client interests before its own when creating risky subprime securities before the financial crisis,...
The Hartford and Travelers Among Companies Offering Bonuses Due to New Tax Law
Jan 12 2018 // Hartford, Conn.-based The Hartford and New York City-headquartered Travelers confirmed they are among several companies giving their employees bonuses of $1,000 each if they earn $75,000 or less annually as a result of...
After Another Death by Airbag, Ford Warns Owners of Older Pickups to Stop Driving
Jan 12 2018 // Ford Motor Co. said on Thursday it had confirmed a second death in an older pickup truck caused by a defective airbag inflator of Takata Corp. and urged 2,900 owners in North America to stop driving immediately until they...
GM Seeks OK for Self-Driving Commercial Vehicle Without Steering Wheel for 2019
Jan 12 2018 // General Motors Co. is seeking U.S. government approval for a fully autonomous car – one without a steering wheel, brake pedal or accelerator pedal – to enter the automaker’s first commercial ride-sharing...
German Prosecutors Investigate Bosch over Suspected Audi Emissions Test Cheating
Jan 12 2018 // German prosecutors said on Thursday they had launched another probe into Robert Bosch GmbH over its suspected involvement in emissions test cheating – this time in relation to its work with Volkswagen’s premium...
Chances of La Niña Top 85%, Says National Weather Service
Jan 12 2018 // A U.S. government weather forecaster said on Thursday that La Niña conditions are likely to persist through the Northern Hemisphere winter. La Niña is characterized by unusually cold ocean temperatures in the equatorial...
Green Bonds Booming Despite Washington’s Animus, Report Shows
Jan 11 2018 // In spite of the U.S. withdrawal from the global climate change accord hammered out in Paris a year earlier, green bond issuance around the world reached $155.5 billion in 2017, a new report shows. That figure surpassed the...
Ford Denies Truck Owners’ Claims of Diesel Cheating
Jan 11 2018 // Ford Motor Co. installed software that enabled its F-250 and F-350 Super Duty trucks to cheat at passing federal emissions tests, according to a lawsuit by truck owners filed on Wednesday, a claim the No. 2 U.S. automaker...
Alternative Capital Responds to 2017 Catastrophes with ‘Show of Strength’: Aon Benfield
Jan 11 2018 // Hurricanes Harvey, Irma and Maria represented the first real test of the staying power of the alternative capital sector, which has responded with a show of strength by continuing to fund reinsurance capacity, according to...
XL Group: Loss Estimates of $45M Related to Southern California Wildfires
Jan 11 2018 // XL Group Ltd. on Wednesday announced preliminary estimates of natural catastrophe net losses of roughly $45 million related to the recent wildfires in Southern California and $20 million related to other events. The...
Compensation for Iran Tanker Accident Could Be Complicated by U.S. Sanctions
Jan 11 2018 // The reluctance of foreign banks to deal with Iran could complicate any compensation payments resulting from the collision last week of an Iranian oil tanker and a Chinese cargo ship, sources say. The tanker Sanchi,...
Allianz Suisse to Buy DAS Switzerland from Munich Re’s ERGO
Jan 10 2018 // Allianz Group has agreed to acquire the legal protection insurer DAS Switzerland and the assets of DAS Luxembourg and Slovakia from German insurance group ERGO Group AG, the Munich Re subsidiary. The acquisition will...
Judge Overseeing Local Opioid Lawsuits Hopes for ‘Meaningful’ Settlement
Jan 10 2018 // The judge overseeing U.S. cities’ and counties’ lawsuits against makers of opioid painkillers said he hopes a sweeping resolution can be worked out by the end of the year that will have a “meaningful...
U.S. Reinsurance Outlook Remains Negative for 2018, Says A.M. Best
Jan 10 2018 // Ratings firm A.M. Best said it is maintaining its 2018 outlook for the U.S. property/casualty reinsurance sector at negative, citing the “pronounced pressure on U.S. property catastrophe rates as the alternative...
Hiscox Names Micheals as Chief Underwriting Officer in U.S. as Goodwin Retires
Jan 9 2018 // Specialty insurer Hiscox has appointed Eric Micheals as its chief underwriting officer in the U.S. Micheals replaces Nicole Goodwin, who is retiring. Micheals is based in New York and reports to Ben Walter, chief executive...
Parametric Insurance Can Help Close Global Protection Gap: Clyde & Co. Report
Jan 9 2018 // Parametric insurance can play a significant role in closing the insurance protection gap – a problem that plagues economies in both the developing and developed world, according to a report published by Clyde &...
Coastal Sea Rise Threatening Florida’s Historic Resources
Jan 9 2018 // The Castillo de San Marcos withstood two sieges in 330 years and changed hands five times, but its latest invader – the rising Atlantic Ocean – threatens to erode the historic St. Augustine fortress. The coquina shell...
Judge Tosses ‘Underfilled Lattes’ Class Action Against Starbucks
Jan 8 2018 // Starbucks Corp. has won the dismissal of a U.S. lawsuit accusing the coffee chain of overcharging customers by underfilling lattes and mochas to reduce milk costs. U.S. District Judge Yvonne Gonzalez Rogers on Friday found...
Takata Recalls 3.3 Million More Airbags
Jan 8 2018 // Takata Corp., the parts supplier that filed for bankruptcy after sparking the largest auto recall in history, called back 3.3 million airbags as part of a U.S. order that scheduled repairs of the potentially deadly devices...
Experts See Expanding Role for Parametric Insurance, Including for U.S. Disasters
Jan 8 2018 // Catastrophic losses this year due to extreme weather events have led to a growing interest in parametric insurance in the U.S., according to industry experts. Parametric coverage is also gaining traction as hazard modeling...
