Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Twitter, Google, Facebook Sued by Orlando Shooting Victims’ Families
Dec 21 2016 // The families of three men killed at Orlando’s Pulse gay nightclub have sued Twitter Inc., Alphabet Inc.’s Google and Facebook Inc. in federal court, accusing the companies of providing “material...
Zhongan Online P&C Insurance Pulls H.K. IPO Plans; China Listing Eyed: Sources
Dec 21 2016 // Zhongan Online P&C Insurance Co. scrapped plans for an initial public offering in Hong Kong or the U.S. and is instead focusing on a listing in mainland China, people familiar with the matter said. Lukewarm overseas...
2017 Predictions for Insurtech, Australia D&O & India Cyber Insurance, Part 2
Dec 20 2016 // Insurtech was an insurance buzzword in 2016 and that’s likely to continue next year when it will permeate almost every aspect of U.S. industry, according to a prediction from international law firm Clyde &...
Credit Suisse Facing $5-$7 Billion Penalty by U.S. for Toxic Mortgage Securities
Dec 20 2016 // The U.S. Department of Justice has asked Credit Suisse to pay between $5 billion and $7 billion to settle a probe over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis, a source with...
Republicans Prepare Assault on Obama’s Final Regulations
Dec 20 2016 // Republicans in Congress plan to deploy a powerful tool soon after Donald Trump is inaugurated to scuttle a host of rules put in place in the last months of Barack Obama’s presidency, yet they must act quickly for the...
Climate Scientists Coming to Terms with Skeptical Trump Administration
Dec 20 2016 // Climate scientists worried that President-elect Donald Trump will slash their budgets and sideline their research are entering survival mode, trimming the words “climate change” from study proposals,...
U.S. Investigators Blame Autopilot in Facebook’s Big Drone Crash
Dec 19 2016 // The wing on Facebook Inc.’s experimental high-altitude drone broke last summer in Arizona after the massive aircraft hit an updraft and its autopilot overcompensated seconds before touchdown on its maiden flight, a...
Anthem-Cigna Merger Trial Pits Efficiency Claims vs. Loss of Competition Claims
Dec 19 2016 // Anthem Inc. and the U.S. Justice Department extended their clash over whether the insurer’s planned takeover of rival Cigna Corp. will raise costs, as government witnesses testified Friday that the deal will harm...
Canada’s Fairfax to Buy Switzerland’s Allied World for $4.9B in Cash, Stock
Dec 19 2016 // Fairfax Financial Holdings Ltd., the Canadian investment and insurance company, agreed to buy Allied World Assurance Co. for $4.9 billion in cash and stock in Chief Executive Officer Prem Watsa’s biggest...
People – Southeast
Dec 19 2016 // Columbia, S.C.-native Mark Askins, has joined Iroquois South as a regional manager for South Carolina and western North Carolina. Askins spent more than 20 years with The Hartford, most recently as their Richmond, Va.,...
People – South Central
Dec 19 2016 // State Auto’s Western Region added Bob McCarty as underwriting manager for the Central/South Texas area. He is based in Austin. McCarty has 30 years of insurance and management experience. He began his career in...
Operation Healing Forces Unique Charity Created by Insurance Executive Markel
Dec 19 2016 // Gary Markel was at home one evening watching a television show on volunteers helping wounded veterans scuba dive in St. Thomas in the U.S. Virgin Islands. Some had missing limbs, and others had severe disabilities. They...
Supporting the Troops: Industry Gives Back to Those Who Served
Dec 19 2016 // Many property/casualty insurance carriers have focused their charitable efforts on veterans, and they’ve done so for a number of good reasons. One important reason for adopting veterans causes was explained by Glenn...
Dwight Teter Joins The Guarantee USA as Vice-President and Chief Underwriting Officer
Dec 16 2016 // Dwight Teter Southfield, MI, December 16, 2016 – Stephen Ruschak, President and Chief Operating Officer, The Guarantee Company of North America USA (The Guarantee USA), is pleased to announce that Dwight Teter has been...
Is Climate Change Causing Colder Weather and More Snow in Eastern U.S.?
Dec 15 2016 // Baby, it’s cold outside. And guess what? Climate change could make it even colder. December’s a great time to talk about climate change and global warming – it’s cold and blustery across many parts of...
Oklahoma, Texas Insurance Commissioners Elected to NAIC Leadership Posts
Dec 15 2016 // Texas Commissioner of Insurance David Mattax has been elected secretary-treasurer of the National Association of Insurance Commissioners (NAIC), and Oklahoma Insurance Commissioner John D. Doak was elected vice chair of...
U.S. Issues New Safety Rules for Underground Gas Storage Facilities
Dec 15 2016 // The U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA) issued an interim final rule (IFR) revising pipeline safety regulations to address safety issues related to underground natural gas storage...
G20 Task Force to Ask Firms to Disclose How They Manage Climate Risks
Dec 14 2016 // A global task force set up to try to prevent market shocks from the warming of the planet will ask companies to disclose how they manage risks to their business from climate change and greenhouse gas emission...
Caribbean Cat Facility, CCRIF, Pays Nicaragua $1.1M for Hurricane Otto
Dec 14 2016 // CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) made a payout of US$1.1 million to the government of Nicaragua as a result of damages from Hurricane Otto. Damages triggered a CCRIF payment on the...
U.S. Sees Mandate on Talking Vehicles Cutting Road Crashes, Deaths
Dec 14 2016 // U.S. automobile regulators want passenger cars and light trucks to wirelessly stream data about their movements and monitor other vehicles so they don’t crash into each other. All new light-duty vehicles would be...
