Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
China Pledges to Keep Easing Barriers to Entry for Foreign Insurers, Banks
Nov 9 2017 // China pledged to keep nudging open the door to its mammoth financial industry — but it will do so at its own pace. On Thursday, amid a slew of Sino-U.S. dealmaking during President Donald Trump’s visit to...
It’s Time to Rethink Wall Between Banking, Other Businesses: U.S. Comptroller
Nov 8 2017 // U.S. regulations that bar companies such as Wal-Mart Stores Inc. from providing banking services need to be reviewed as they reduce competition thereby concentrating more risk among a smaller number of banks, a U.S....
Waymo Testing Driverless Ride-Hailing Service on Public Roads
Nov 8 2017 // Alphabet Inc.’s Waymo will launch a ride-hailing service with no human behind the steering wheel and has been testing the fully self-driving cars on public roads in Arizona, Chief Executive John Krafcik said on...
Congress Prepares to Address Flood Insurance Overhaul Again
Nov 8 2017 // The latest attempt to overhaul the U.S. federal flood insurance program hit a stumbling block, but a coalition of business and environmental groups renewed its push on Wednesday for lawmakers to enact an overhaul before...
Global Re/Insurers Lobby Against ‘Unfathomable’ House Tax Bill
Nov 7 2017 // Multinational companies including Apple Inc., Pfizer Inc. and Ford Motor Co. would face a new tax on payments they make to offshore affiliates under the House Republicans’ tax bill — a surprise provision that...
AmTrust Selling Stake in Certain Units to Raise $950M
Nov 7 2017 // AmTrust Financial Services will make about $950 million by selling a majority equity interest in some of its U.S.-based fee businesses including managing general agencies and warranty third-party administrators to private...
BMW Recalls 1 Million Vehicles for Fire Risks
Nov 6 2017 // BMW AG said on Friday it is recalling about 1 million vehicles in North America for two separate issues involving fire risks and said it may expand the recalls to other countries. One recall covers 670,000 2006-2011 U.S....
CVS, Aetna Could Close $70B Merger Deal as Soon as December
Nov 6 2017 // U.S. pharmacy operator CVS Health Corp. and health insurer Aetna Inc. are working toward finalizing merger terms and announcing a deal for more than $70 billion as early as December, according to people familiar with the...
Berkshire Insurance Units Take Q3 Hit from U.S. Hurricanes, Mexico Earthquake
Nov 6 2017 // Bad weather hurt Warren Buffett’s Berkshire Hathaway Inc. in the third quarter, as insurance losses tied to Hurricanes Harvey, Irma and Maria and an earthquake in Mexico contributed to a 43 percent drop in...
Despite Earthquake Risk, UK Ready to Begin Fracking – Again
Nov 6 2017 // Six years after Britain’s first fracking operation was stymied by earth tremors, its shale gas industry is poised to try again with a technology that could transform the UK gas market and drastically reduce its...
Kidde Recalls 40 Million Fire Extinguishers
Nov 3 2017 // United Technologies Corp.’s Kidde unit is recalling more than 40 million fire extinguishers mainly in the United States, a U.S. consumer safety agency said on Thursday, following reports that they failed to work and...
Winners and Losers in Republican Tax Plan
Nov 3 2017 // The tax-cut bill rolled out on Thursday by U.S. House of Representatives Republicans would help high-income taxpayers and multinational corporations, but hurt mortgage borrowers and some other taxpayers and...
Global Insurance Regulators Delay Implementation of International Capital Rule
Nov 3 2017 // Global regulators have given themselves more time to bridge transatlantic differences that have delayed the world’s first capital rule for insurers, raising a cheer in the sector. The International Association of...
Michelle Frymire Joins U.S. Risk, LLC as Chief Financial Officer
Nov 2 2017 // Dallas, TX, November 2, 2017— Michelle Frymire has joined U.S. Risk, LLC as Chief Financial Officer. Frymire will be responsible for Finance, M&A and Development, and Human Resources. Michelle Frymire Frymire brings...
Aetna Keeps Quiet About Reported CVS Merger Talks; Net Income Rises 39%
Nov 1 2017 // U.S. health insurer Aetna Inc failed to provide any hints on reported merger talks with CVS Health Corp when discussing quarterly results on Tuesday and laid out obstacles to 2018 earnings growth, sending its shares...
Cat Facility CCRIF to Pay Trinidad & Tobago $7M for Severe October Rains
Oct 31 2017 // Cayman Islands-based CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) announced that Trinidad & Tobago will receive a payout of US$7,007,886 (approximately TT$47.4 million) on an excess rainfall...
U.S. Supreme Court Declines Louisiana Coastal Wetlands Lawsuit
Oct 31 2017 // The U.S. Supreme Court has refused to revive a Louisiana flood protection board’s lawsuit seeking to make oil, gas and pipeline companies pay for decades of damage to coastal wetlands. The suit drew fierce opposition...
Shareholder Activists Press Drug Firms on Business Risks of Opioid Crisis
Oct 31 2017 // U.S. shareholder activists are addressing a soaring death toll from opioid drug abuse, asking companies that make and distribute the painkillers to review the risks their businesses could face from their role in the...
Test Program Will Alert Owners of Unrepaired Vehicle Recalls
Oct 31 2017 // The U.S. National Highway Traffic Safety Administration said Friday it is funding a pilot program that will notify drivers in the state of Maryland if there are open, uncompleted recalls at the time that they register...
Houston Labor Union to Pay $30K to Settle Federal Race Discrimination Lawsuit
Oct 30 2017 // Houston’s Local 100 of the United Labor Unions, a multi-state service workers’ union, has agreed to pay $30,000 in lost wages and damages to settle a race discrimination suit filed by the U.S. Equal Employment...
