Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Virginia Tech Scientists: BP Oil Spill Caused $17.2B in Natural Resource Damage
May 1 2017 // The 2010 BP Deepwater Horizon oil spill did $17.2 billion in damage to the natural resources in the Gulf of Mexico, a team of scientists recently found after a six-year study of the impact of the largest oil spill in U.S....
Meteorologists Offer Conflicting Predictions on 2017 Atlantic Hurricane Season
May 1 2017 // Most meteorologists forecast the 2017 Atlantic hurricane season will be less active than a year ago, with the number of named storms and hurricanes near average. A few meteorologists, however, expect this season to be more...
Appeals Court Blocks Anthem-Cigna Merger Bid
Apr 30 2017 // A U.S. appeals court on Friday blocked health insurer Anthem Inc’s bid to merge with Cigna, upholding a lower court’s decision that the $54 billion deal should not be allowed because it would lead to higher...
MetLife CEO Says Businesses Must Give Up Tax Breaks for Lower Tax Rate
Apr 28 2017 // MetLife Inc. Chief Executive Officer Steve Kandarian said industries must be willing to forfeit some of their advantages in the tax code in order for the U.S. to seize a “once-in-a-generation” opportunity to...
Chubb’s Oldest Active Subsidiary Receives Pennsylvania Historical Marker
Apr 28 2017 // Chubb, in collaboration with the Pennsylvania Historical and Museum Commission (PHMC), has dedicated a Pennsylvania historical marker to the Insurance Company of North America (INA), Chubb’s oldest subsidiary...
Report: Climate Change Could Cause Mass U.S. Migration
Apr 27 2017 // Migration to escape sea level rise could radically reshape the U.S. population landscape, and not just in coastal areas, according to a recent study. The author, Mathew Hauer, an applied demographer with the Carl Vinson...
JPMorgan Not Liable to Madoff Customers, Court Rules
Apr 27 2017 // JPMorgan Chase & Co. is not liable to a group of former customers of Bernard Madoff who blamed the bank for being actively involved in his Ponzi scheme and ignoring red flags of fraud, a federal appeals court ruled on...
Eastern Newfoundland Windstorm Costs Insurers US$32.5M
Apr 27 2017 // A windstorm that hit eastern Newfoundland on March 11, 2017 has resulted in almost C$45 million (US$32.5 million) in insured damage, according to the Insurance Bureau of Canada (IBC), quoting statistics from Catastrophe...
Hackers’ Ransom Demands Rise as Victims Keep Paying: Symantec
Apr 27 2017 // Hackers are demanding increasingly hefty ransoms to free computers paralyzed with viruses, as cyber criminals seek to maximize profits from large numbers of victims willing to pay up, according to cyber security firm...
Political Risk Tops List of Worries for Insurers Across Globe: GS Survey
Apr 27 2017 // Political risk is the biggest concern this year for insurers globally, following several shock outcomes in 2016, a survey of insurers managing $10 trillion in assets showed on Thursday. Political events have overtaken...
Chubb’s Greenberg Clarifies Criticism of Wholesale Brokers
Apr 26 2017 // In the London and other wholesale insurance markets, the practice of some brokers bundling similar accounts into high-volume portfolios to be more efficient and attract underwriters while still expecting bigger brokerage...
FM Global Chooses Luxembourg as Post-Brexit EU HQ
Apr 26 2017 // U.S. commercial property insurer FM Global is planning a European hub in Luxembourg following Britain’s decision to leave the bloc, the head of its European division told Reuters. The mutual insurer, which earned...
Generali Expands in U.S. with Chicago, San Francisco Offices and 3 Hires
Apr 26 2017 // Generali is expanding its U.S. global corporate and commercial operations with the opening of offices in Chicago and San Francisco in a bid to grab more business from U.S. multinational companies. The Italian...
Allianz Sponsorship of Florida Golf Event Ends Amid Holocaust Survivor Protests
Apr 26 2017 // Holocaust survivors on Monday celebrated the end of German insurance giant Allianz’s sponsorship of a Florida pro golf tournament, saying it may boost efforts to collect some $2.5 billion in World War II-era policies...
XL Catlin Enhances International Liability Policies for U.S.-based Businesses
Apr 25 2017 // XL Catlin’s Multinational Casualty business has introduced a new international liability coverage form designed for U.S.-based multinational companies to address their most complex casualty needs. The XL...
MetLife Asks Court to Delay ‘Too Big to Fail’ Challenge as Trump Vows Review
Apr 25 2017 // MetLife Inc. is asking a U.S. court to put on pause a case over how the government deems certain companies “too big to fail,” one of the most significant reforms to come out of the financial crisis, while...
Large Claims Becoming More Expensive, Complex & Global: Allianz
Apr 25 2017 // Large liability claims are becoming more expensive, complex and international, with activity increasing outside the United States, according a report published by Allianz Global Corporate & Specialty...
Demand Rises for Political Risk Cover as Buyers Think the Unthinkable
Apr 25 2017 // Rocked by a shakeup in the Western political order, companies are buying more insurance to protect themselves against the threat of rising protectionism and upheaval to their operations in emerging markets. Insurers say...
1st Farmer Lawsuit Against Syngenta over China Trade Begins in Minnesota
Apr 24 2017 // The first of tens of thousands of U.S. lawsuits is about to go to trial against Swiss agribusiness giant Syngenta over its decision to introduce a genetically engineered corn seed variety to the U.S. market before China...
Supreme Court Rejects GM Use of Bankruptcy to Block Ignition Lawsuits
Apr 24 2017 // General Motors Co.’s bid to block hundreds of lawsuits, potentially worth billions of dollars, over a deadly ignition-switch defect broke down on Monday when the Supreme Court refused to hear its appeal claiming the...
