Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Trump Administration to Sign Insurance Regulation Pact with European Union
Jul 17 2017 // The U.S. Treasury Department and the Office of the U.S. Trade Representative said they will sign the bilateral agreement between the United States and the European Union regarding regulation of insurance and...
Adultery Site Ashley Madison to Pay $11.2 Million for User Data Breach
Jul 17 2017 // The owner of the Ashley Madison adultery website said on Friday it will pay $11.2 million to settle U.S. litigation brought on behalf of roughly 37 million users whose personal details were exposed in a July 2015 data...
Panel-Maker Arconic Sued in U.S. Over Losses Linked to London Tower Fire
Jul 14 2017 // A shareholder of Arconic Inc. on Thursday filed a lawsuit accusing the company of defrauding shareholders over its supply of cladding panels used at Grenfell Tower, the London high-rise where at least 80 people died in a...
Insurance Underwriters See Risks, Opportunities in Speeding Up Infrastructure Projects
Jul 14 2017 // “We’re going to cut a lot of red tape,” President Trump said at a CEO town hall meeting as he unrolled a long, colorful flow chart showing the process required for a state government to obtain the federal...
Chubb Names New Leadership in Casualty Major Accounts for North America
Jul 14 2017 // Chubb today has made new leadership appointments within its Global Casualty and Excess Casualty lines of business for its North America Major Accounts division, which serves large U.S.- and Canadian-based companies...
FCC Expands Bandwith for Radar Used in Collision Avoidance Systems
Jul 14 2017 // The U.S. Federal Communications Commission on Thursday approved allocating a larger consolidated block of spectrum for use by motor vehicle and aircraft radar systems to help avoid crashes. The FCC first approved 1 GHz of...
Feds Fine Exxon $165K over Explosion, Worker Injuries Louisiana Oil Refinery
Jul 13 2017 // ExxonMobil Corp. has been fined about $165,000 by U.S. regulators for safety lapses including inadequate training and equipment maintenance over an explosion that injured four workers at an aging Baton Rouge, Louisiana,...
Study: Californians Would Pay $1.9B More for Insurance If Congress Passes Border Adjustment Tax
Jul 13 2017 // Californians would face $1.9 billion in higher insurance costs if Congress passes a border adjustment tax as part of federal tax reform, according to a study issued today by the R Street Institute and the Pacific Research...
Windstorm Egon’s Insurance Loss Estimate Rises to US$314.7M: PERILS
Jul 13 2017 // The estimated property insurance losses for Windstorm Egon, which hit France and Germany on Jan. 12-13, 2017, have been revised upwards to €275 million ($314.7 million) by PERILS AG, the independent Zurich-based company...
Brexit Deal Must Protect Insurance Sector’s Benefits to UK Economy: ABI
Jul 13 2017 // The insurance and long-term savings sector is one of the UK’s most productive industries, adding more than £40 billion (US$51.5 billion) a year to the economy and helping Britain thrive, according to a study...
Court: Nebraska Bank Broke Equal Pay Law, Must Pay $30.5K in Restitution
Jul 12 2017 // A Nebraska bank will pay $30,598 to a woman whom it unlawfully paid less than a man, pursuant to a federal court judgment in a pay discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC),...
Looming EU Cyber Rules to Provide ‘Shot in Arm’ for Cyber Market: A.M. Best
Jul 12 2017 // The European Union’s looming General Data Protection Regulation (GDPR) will require mandatory notification of serious data breaches and potentially massive fines for failure to comply. That’s the bad news. The...
New York’s U.S. Senators Urge Quick Federal Action on Flooding
Jul 12 2017 // New York’s U.S. senators are urging officials in Washington to quickly approve a disaster declaration for areas along Lake Ontario affected by recent floods. Charles Schumer and Kirsten Gillibrand, both Democrats,...
3 Automakers Recalling 2.7 Million More Takata Air Bag Inflators
Jul 12 2017 // The U.S. National Highway Traffic Safety Administration said Tuesday that new testing is prompting Takata Corp. to declare 2.7 million air bag inflators defective in Ford Motor Co., Nissan Motor Co. and Mazda Motor Corp....
U.S. Risk Insurance Group Acquires IMS London American
Jul 11 2017 // Property/casualty wholesaler, U.S. Risk Insurance Group LLC, has acquired Texas-based IMS London American Brokerage and Underwriting Services. IMS President Larry Mennes has been named president of U.S. Risk’s...
Silicon Valley Honors Munich Re US and Mozeika for Insurtech Leadership
Jul 11 2017 // A Silicon Valley innovation platform that connects technology startups, corporations and investors has recognized Munich Re, US for leadership in the insurtech space. The high-tech incubator and mentoring group known as...
More Senior Citizens Working Past Retirement Age
Jul 11 2017 // More and more Americans are spending their golden years on the job. Almost 19 percent of people 65 or older were working at least part-time in the second quarter of 2017, according to the U.S. jobs report released on...
California Blazes Among Numerous Wildfires in Western U.S.
Jul 10 2017 // Two major wildfires in California that have forced nearly 8,000 people out of their homes are among numerous fires in the Western U.S. that have barreled across the baking landscape, destroying property. About 4,000 people...
In America’s Richest State, the Capital Flirts with Bankruptcy
Jul 10 2017 // The hedge-fund enclave of Greenwich, on the Connecticut Gold Coast, is about 100 miles and a world away from the state capital. But the fiscal crisis in Hartford, the historic center of the American insurance industry, is...
June Catastrophes Cost Global Economy $5 Billion; U.S. Storms Dominate: Aon
Jul 10 2017 // Floods and storms cost the global economy more than $5 billion in June, with most of those losses generated in the United States, according to an Aon catastrophe report. In the U.S., large hail, tornadoes, straight-line...
