Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
City of Philadelphia Sues Wells Fargo, Alleges Predatory Lending
May 17 2017 // The City of Philadelphia sued Wells Fargo & Co. on Monday, accusing the largest U.S. mortgage lender of predatory lending, which violates the federal Fair Housing Act. The lawsuit came two weeks after the U.S. Supreme...
Walmart Denies Discrimination Claims by Pregnant Workers
May 16 2017 // Two former Wal-Mart Stores Inc. employees have filed a lawsuit accusing the retailer of treating thousands of pregnant workers as “second-class citizens” by rejecting their requests to limit heavy lifting,...
AIG Shareholders Wait Their Turn
May 16 2017 // Since its 2008 bailout, American International Group Inc. has delivered paydays for investment bankers, Warren Buffett and even departing executives. Shareholders? Not so much. AIG shares have lost 1.6 percent since the...
Hanford Tunnel Collapse Draws Attention to Safety, Age of Nuclear Plants
May 16 2017 // The collapse of a tunnel used to store radioactive waste at one of the most contaminated U.S. nuclear sites has raised concerns among watchdog groups and others who study the country’s nuclear facilities because many...
Legal and Image Woes Mount For Uber in California
May 15 2017 // A rare order from a federal judge alerting prosecutors to possible criminal misconduct by Uber or a key executive deepens the turmoil swirling around the ridesharing company at a time when it’s grappling with other...
Hamilton Taps Freda as Chairman, Brown as Interim Group CEO, After Duperreault Resigns
May 15 2017 // Hamilton Insurance Group, the Bermuda-based holding company for property and casualty insurance and reinsurance operations in Bermuda, the U.S. and at Lloyd’s, announced that William C. Freda has been appointed to...
AIG Agrees to Acquire Hamilton USA, Partner with Two Sigma, Grow Insurtech Attune
May 15 2017 // American International Group Inc. will acquire Hamilton USA as part of a memorandum of understanding with Hamilton Insurance Group and Two Sigma Insurance Quantified that is designed to further their investment in the...
Many Non-U.S. Firms May Be Uninsured for Recent Ransomware Attack
May 15 2017 // Many companies outside the United States may not have cover for a recent computer-system attack, leaving them potentially with millions of dollars of losses because there has been relatively little take-up of cyber...
Global Cyber Attack Expected to Continue but Malware Spread Slows
May 15 2017 // Governments and companies around the world began to gain the upper hand against the first wave of an unrivaled global cyber attack, even as the assault was poised to continue claiming victims this week. More than 200,000...
Manufacturing’s Share of Workers’ Comp Premium Is High Relative to Exposure: NCCI
May 15 2017 // In 2016 in the United States, the manufacturing sector produced nearly 72 percent more goods than in 1990, but manufacturers achieved that milestone with only about 70 percent of the workers that were on factory floors two...
Ironshore CEO Kelley: Goal Under Liberty Mutual Is to Become Premier Specialty P/C Insurer
May 15 2017 // Longtime Ironshore Inc. CEO Kevin Kelley said his company has a genuine shot at becoming a “premier” specialty property/casualty insurance company, both domestically and abroad, now that Liberty Mutual...
Business Moves
May 15 2017 // Validus, Crop Insurance Agency Validus Holdings Ltd. has completed its acquisition of Crop Risk Services business (CRS), a primary crop insurance managing general agent, from Archer Daniels Midland Co. In the deal that was...
Study: Expected Increase in Tornadoes Raises Risk to Mobile Homes
May 15 2017 // Tornadoes and mobile homes don’t mix to begin with, but throw in the volatility of climate change and the potential for massive property damage and deaths is even higher in coming decades, indicates a new study by...
People – East
May 15 2017 // Eastern Insurance Group, a Natick, Mass.-headquartered subsidiary of Eastern Bank, has hired William F. Gross as executive vice president of commercial lines. Gross, who works out of the Natick office, brings more than 17...
Study: Expected Increase in Tornadoes Raises Risk to Mobile Homes
May 15 2017 // Tornadoes and mobile homes don’t mix to begin with, but throw in the volatility of climate change and the potential for massive property damage and deaths is even higher in coming decades, indicates a new study by...
How a Border-Adjustment Tax Would Hurt Louisiana’s Insurance Market
May 12 2017 // Louisiana already has some of the highest property insurance rates in the nation. But they could creep higher still—an estimated $1.11 billion higher over the next decade—should congressional tax-reform efforts limit...
Washington Tunnel Collapse Renews Safety Concerns over Nuclear Site
May 12 2017 // Thousands of workers at the Hanford Nuclear Reservation were told to stay home as efforts began to plug a hole that developed in the partial collapse of a tunnel containing dangerous radioactive waste from the building of...
U.S. Judge Set to Approve Another VW Diesel Settlement of $1.2 Billion
May 12 2017 // A U.S. judge said he intends to give final approval to Volkswagen AG’s $1.225 billion settlement with regulators and about 78,000 drivers of premium Audis, VWs and Porsches over the company’s diesel...
VW Emissions Probe Results Not Published to Protect Firm from ‘Legal Risks’
May 12 2017 // Volkswagen’s board chairman has defended the decision not to publish results of the investigation it commissioned into its scandal over cars rigged to cheat on diesel emissions tests, saying it could expose the...
Ex-Coal CEO Blankenship Ends Prison Term
May 12 2017 // Former coal executive Don Blankenship jumped back on Twitter on Wednesday, renewing his feud with U.S. Sen. Joe Manchin of West Virginia on the day Blankenship was to finish a one-year prison sentence arising from the...
