Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
National Flood Insurance Program Buys Private Reinsurance, Plans More in 2017
Oct 3 2016 // The federal government has contracted with private reinsurers to improve the National Flood Insurance Program’s claims paying ability and reduce the need for the NFIP to borrow from the U.S. Treasury to cover future...
Supreme Court Could Block NFL’s $1 Billion Concussion Settlement
Oct 2 2016 // A second petition has been filed asking the U.S. Supreme Court to reject the $1 billion settlement of NFL concussion lawsuits because of how it treats current brain injuries versus future ones. The former players who filed...
Powerful Hurricane Matthew Forces Evacuations in Haiti, Jamaica, Cuba
Oct 2 2016 // Haiti and Jamaica urged residents in vulnerable coastal areas to evacuate, and Cuba suspended flights on Sunday as torrential rain from Hurricane Matthew, the strongest storm to menace the Caribbean nations since 2007,...
Argo Group Names Schaffer to Lead U.S. Commercial Programs in Colorado
Sep 30 2016 // Bart Schaffer will now be leading U.S. commercial programs at Argo Group. Schaffer is located in Denver, Colo. Schaffer was previously head of binding operations within Argo Group’s Colony Specialty company. Schaffer...
Japanese Creditors Oppose Takata Seeking Bankruptcy Protection
Sep 30 2016 // All five bidders seeking to bail out Japan’s beleaguered Takata Corp. have presented restructuring plans that require the air bag maker to file for bankruptcy protection, people with knowledge of the process told...
Saudi Arabia Greets 9/11 Lawsuit Bill with Public Silence, Private Bristling
Sep 30 2016 // A U.S. law allowing lawsuits against Saudi Arabia over the Sept. 11 attacks met a stony silence from Riyadh on Thursday but some Saudis bristled, saying the kingdom should curb business and security ties in response. The...
Fitch Assesses Slowdown in E&S Market
Sep 29 2016 // Excess and surplus lines underwriters continued to outperform the U.S. property/casualty industry at large in terms of combined ratio in 2015, Fitch Ratings said in a new market review. The report also cautions that...
Senate, House Override President’s Veto of Saudi Arabia 9/11 Lawsuit Bill
Sep 28 2016 // Congress turned aside a last-ditch lobbying effort by the White House and Saudi Arabia Wednesday and overrode President Barack Obama’s veto of a bill that would allow the kingdom to be sued for involvement in the...
Facebook Claims ‘Zero Tolerance’ for Terrorist Activity
Sep 28 2016 // Lawyers for Facebook Inc. on Tuesday sought to assure a U.S. judge overseeing lawsuits by victims of militant attacks in the Middle East that it took a “zero tolerance” approach to any communications that may...
Takata Takeover Deals Scrutinized for Handling of Recall, Liability Costs
Sep 28 2016 // Takata Corp. and some of the world’s biggest carmakers face an extensive — and expensive — to-do list as they try to resolve the worst safety crisis in the auto industry’s history. Executives for...
BTIS announces partnership with Hiscox for new bind-online Small Business Program
Sep 28 2016 // Rocklin, CA, September 28, 2016- Builders & Tradesmen’s Insurance Services, Inc. (BTIS) is pleased to announce the launch of a new partnership with Hiscox providing access to small business solutions in 49...
Insurers Encouraged by Latest Round of Covered Agreement Talks
Sep 27 2016 // Insurers say they are encouraged by the most recent developments in the covered re/insurance agreement negotiations between the United States and European Commission. Following the latest round of the talks, held Sept....
The State of Property Crime in U.S.
Sep 27 2016 // Property crimes resulted in losses of $14.3 billion in the U.S. in 2015, with $4.9 billion of those losses due to motor vehicle thefts, according to the FBI’s Uniform Crime Reporting (UCR) Program. The FBI report,...
Obama Onboard with Road Testing of Autonomous Vehicles
Sep 27 2016 // Automated cars have the backing of President Barack Obama, who’s signed off on what’s largely been a hands-off approach to regulating the burgeoning industry, U.S. Transportation Secretary Anthony Foxx...
Starr Buys Wright USA from Ironshore, Subsidiary of China’s Fosun
Sep 26 2016 // Starr Companies has acquired Wright USA from Ironshore Insurance Services, a subsidiary of China’s Fosun Group. Wright USA is an insurance agency and third-party administrator principally providing Federal Employee...
US Agency: Exxon Trying to Dodge Blame for Arkansas Leak
Sep 26 2016 // Exxon Mobil Pipeline Co. is trying to “escape responsibility” for not considering that a pipeline that ruptured in Arkansas was susceptible to seam failure despite a history of such problems, according to a...
Tokio Marine Management Rebrands as Tokio Marine America
Sep 26 2016 // Tokio Marine Management Inc. (TMM), a commercial property/casualty insurer for large- and middle-market companies and a U.S. subsidiary of Tokio Marine Holdings in Japan, is rebranding as Tokio Marine America (TMA). The...
Suit Against Yahoo Claims ‘Gross Negligence’ Over Data Breach
Sep 26 2016 // Yahoo Inc. was sued on Friday by a user who accused it of gross negligence over a massive 2014 hacking in which information was stolen from at least 500 million accounts. The lawsuit was filed in the federal court in San...
Presidential Veto of 9/11 Saudi Arabia Lawsuit Bill Faces Possible Override
Sep 25 2016 // President Barack Obama on Friday vetoed legislation allowing families of victims of the Sept. 11 attacks to sue Saudi Arabia, which could prompt Congress to overturn his decision with a rare veto override, the first of his...
Exxon to Pay $12M to Settle over Yellowstone Oil Spill
Sep 23 2016 // Exxon Mobil Corp. will pay $12 million for environmental damages caused by a pipeline break that spilled 63,000 gallons (238,474 liters) of crude into Montana’s Yellowstone River and prompted a national debate over...
