Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Deadly Bird Flu Found at Tennessee Chicken Farm That Supplies Tyson
Mar 6 2017 // A deadly form of bird flu has been confirmed in a southern Tennessee operation that supplies Tyson Foods Inc. with chickens, marking the first U.S. case at a commercial farm this year and prompting South Korea to ban...
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Mar 6 2017 // Texas Insurance Commissioner David Mattax has been reappointed to the post by Gov. Greg Abbott, the governor’s office announced. His term expires Feb. 1, 2019. Mattax has served as insurance commissioner since...
Confusing, Costly Cyber Policies Create Obstacles to Market Growth: Deloitte
Mar 3 2017 // Despite the rising profile of cyber risks, buyers have failed to widely embrace cyber coverage. At the same time, insurers generally have remained cautious about writing the coverage on a large scale basis. A recent report...
Whistleblower Loses Out on $864M Moody’s Ratings Settlement
Mar 3 2017 // A federal judge on Thursday dismissed a whistleblower lawsuit by a former Moody’s Investors Service managing director and said he deserves none of the $863.8 million that Moody’s agreed to pay to settle claims...
Nationwide Says Extreme Weather Brings Bigger Claims, Need for Disaster Plans
Mar 2 2017 // More extreme weather has led to more extreme insurance claims in the U.S. over the past few years. In a review of more than 100,000 commercial catastrophe claims during a 10-year period, Mark A. Anderson, a claims...
Owner of Northern Illinois Insurance Agency Charged with Defrauding Clients
Mar 2 2017 // The owner of a Rockford, Illinois-based managing general agency that last year had its license revoked or non-renewed by two separate state insurance departments has been indicted by a federal grand jury for mail and...
Trump’s ‘America First’ Trade Policy Overlooks America’s Exports of Services
Mar 2 2017 // One thing that’s often missed in President Donald Trump’s complaints about the U.S. trade deficit is America’s $248 billion surplus in exports of services like education, financial services and...
Court Throws Out $530 Million Smartflash Patent Verdict Against Apple
Mar 2 2017 // A federal appeals court has thrown out a jury verdict that had originally required Apple Inc. to pay $533 million to Smartflash LLC, a technology developer and licenser that claimed Apple’s iTunes software infringed...
Judge Dismisses 15-Year Case Against UBS Over Enron Collapse
Mar 2 2017 // A federal judge in Houston has thrown out a lawsuit accusing UBS Group AG of hiding fraud by its client Enron Corp. from retail customers, a decision that may end a 15-year legal battle stemming from the energy...
XL Catlin Names Shertenlieb Central U.S. Leader for Global Risk Management
Mar 1 2017 // XL Catlin has appointed Gary Shertenlieb as zonal underwriting manager for Global Risk Management in the U.S. central region. Starting in April, Shertenlieb will lead the division’s primary casualty insurance and...
Argo’s Carr to Head U.S. Cyber Insurance Unit for Brit Global Specialty
Mar 1 2017 // Brit Global Specialty USA is launching a Cyber and Technology team and has hired Michael Carr appointed as senior vice president to lead the offering. Carr was formerly Technology practice leader for Argo Group. He has 30...
Takata’s $1 Billion Guilty Plea, Settlement with U.S. Includes Victims’ Fund
Feb 28 2017 // Japan’s Takata Corp. removed a major obstacle to its potential sale or restructuring, pleading guilty on Monday in a U.S. federal court to a felony charge as part of a $1 billion settlement that included compensation...
Businesses Appeal U.S. Judge’s Ruling Upholding Broker Fiduciary Rule
Feb 28 2017 // The U.S. Chamber of Commerce appealed a Texas federal judge’s ruling upholding a Labor Department’s regulation aimed at putting retirement savers’ interest first on Friday, the latest salvo in the...
Border Adjustment Would Sock Florida with Hugely Higher Insurance Rates
Feb 27 2017 // In recent years, Congress repeatedly has considered legislation that would have adversely and profoundly impacted disaster-prone states like Florida. Luckily, we were spared passage, over and over again. Unfortunately, a...
Trump Administration Reviewing Obama’s Autonomous Vehicle Guidance
Feb 27 2017 // U.S. Transportation Secretary Elaine Chao said on Sunday she is reviewing self-driving vehicle guidance issued by the Obama administration and urged companies to explain the benefits of automated vehicles to a skeptical...
Staying Alive: Cutting U.S. Highway Death Rate to Zero
Feb 27 2017 // In the near future, the U.S. should be able to prevent thousands, and perhaps tens of thousands, of deaths on the roads and highways. The Department of Transportation has proposed a Road to Zero — the elimination of...
What the Wall Street Journal Gets Wrong about Farming in 2017
Feb 24 2017 // With the Farm Bill up for reauthorization in 2018 and legislative debate poised to heat up later this year, there’s been a lot of talk about the plight of the American farmer. A recent Wall Street Journal piece...
AIG Among ‘Too-Big-to-Fail’ Insurers Trying to Assess Path Forward Under Trump
Feb 24 2017 // Insurance giant American International Group sees “considerable uncertainty” about U.S. regulations that deem non-bank financial institutions as being too big to fail, given the recent change in White House...
How Supreme Court Just Made Things Easier for Patent Infringers
Feb 23 2017 // The Supreme Court made it easier on Wednesday for U.S. manufacturers to infringe patents held by competitors by manufacturing all but one of the infringing components abroad. The practical consequences could be...
Europe’s Windstorm Egon to Cost Insurers an Estimated US$223.3M: PERILS
Feb 23 2017 // The initial estimate of the insured property market loss for extra-tropical cyclone Egon, which hit France and Germany in January, is €212 million (US$223.3 million), according to PERILS, the independent Zurich-based...
