Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
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...
Judge’s Denial of Anthem Injunction Effectively Kills Cigna Merger
May 12 2017 // A judge effectively killed off any practical chance of Anthem Inc merging with Cigna Corp on Thursday as he declined to order Cigna not to terminate the deal. Judge Travis Laster of Delaware’s Court of Chancery...
Yahoo Fails to Cooperate with Hack Probe, Says German Cyber Agency
May 11 2017 // Germany’s federal cyber agency said on Thursday that Yahoo Inc. had not cooperated with its investigation into a series of hacks that compromised more than one billion of the U.S. company’s email users between...
Catalina Buys Hartford Financial Products Int’l, Downlands Liability Management
May 11 2017 // Catalina Holdings (Bermuda) Ltd. announced that its wholly owned subsidiary, Catalina Holdings UK Ltd., has completed its acquisition of Hartford Financial Products International Ltd. and Downlands Liability Management...
Transamerica Owner Aegon’s Profits Up; Shares Drop on Solvency Concerns
May 11 2017 // Aegon, the Dutch insurer that does most of its business in the United States, on Thursday reported first-quarter net income of 378 million euros ($411 million), helped by the performance of its investment...
How AIG Woes Hurt U.S. Commercial Lines Results: Fitch
May 10 2017 // While U.S. commercial lines insurance had been a relatively bright spot among property/casualty insurers, the sector is facing some clear deterioration due to weakening premiums and poor loss experience. What’s more,...
Venture Programs Adds Baker as Underwriter for South, Central U.S.
May 10 2017 // Venture Programs, national insurance program administrator based in West Chester, Pa., has hired Diane Baker as regional underwriter for the company’s U.S. south and central regions. As regional underwriter, Baker...
Everest Launches Cyber Protection for Private Equity Firms, Portfolio Companies
May 10 2017 // Everest Insurance has collaborated with cybersecurity firm, Soteria, LLC, and its group of former U.S. government cyber security experts, in conjunction with the launch of its new Elevation Private Equity Insurance...
AXA Plans IPO of Minority Stake of U.S. Businesses to Free Up Capital
May 10 2017 // AXA Chief Executive Thomas Buberl plans to overhaul the group’s U.S. operations, proposing to float its American life insurance and asset management businesses in 2018 in order to free up capital and pursue takeover...
High-Profile Cyber Attacks Drive Growth of Cyber Crime Insurance
May 10 2017 // For companies and organizations, an attack by hackers can inflict financial losses, corporate embarrassment and legal action. For insurers jumping into the brave new world of cyber crime insurance, it’s free...
U.S. Weather Remains Biggest Driver of Global Insurance Losses in 2017: Aon
May 10 2017 // Severe weather in the U.S. remains the largest contributor to global insurance losses in 2017 after April continued the trend with multi-billion dollar losses for public and private insurers, according to Impact...
Greenberg’s Starr to Appeal AIG Bailout Case to Supreme Court
May 10 2017 // A federal appeals court threw out a ruling that the U.S. government illegally bailed out insurer American International Group Inc. during the 2008 financial crisis, in a defeat for former chief executive officer Maurice...
