Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
R&Q Acquires U.S. Sports Captive Insurer in Runoff
Sep 23 2016 // London’s Randall & Quilter Investment Holdings Ltd. said it has acquired United States Sports Insurance Co., a wholly owned captive insurer of USA Swimming Inc. for $2.1 million. The company being acquired was...
Judge Claims Facebook Not Taking Terrorism Threat Seriously
Sep 23 2016 // A federal judge slammed Facebook Inc., saying the social media giant might not be doing enough to deter terrorists from using its platform. U.S. District Judge Nicholas Garaufis in Brooklyn, New York, also accused...
National Flood Insurance Program Buys Private Reinsurance, Plans More in 2017
Sep 22 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...
Arkansas Judge: Investors Can Sue Wal-Mart as Group Over Mexico Bribe Claim
Sep 22 2016 // An Arkansas judge has ruled Wal-Mart Stores Inc. investors may bring fraud claims against the retailer as a group, clearing a hurdle in a lawsuit over bribes it allegedly paid to help open new stores in Mexico. The ruling...
The U.S. Environmental Protection Agency to Remove Asbestos from New York Factory
Sep 22 2016 // The U.S. Environmental Protection Agency (EPA) is working to stop the potential spread of asbestos at the former Arkell and Smiths Sack Co. facility in Canajoharie, N.Y. Exposure to asbestos can lead to lung cancer and...
Home Insurers, Agents Face Satisfaction Gap with Affluent Gen Y Customers
Sep 22 2016 // Overall, home insurers are performing better in customer satisfaction as they compete more on improving the customer experience than on price. However, there is one up-and-coming affluent consumer group — the Gen Y...
New MGA Verve to Target Liability Market for Insurance Agents, Insurers in U.S.
Sep 22 2016 // Newly-launched managing general agency Verve Risk Partners plans to target U.S. professional and management liability risks, focusing on insurance companies and captives as well as insurance agents and brokers. The...
U.S. Autonomous Vehicle Policy Attempts to Straddle Lanes of Safety and Innovation
Sep 22 2016 // The new U.S. policy on self-driving cars received a mixed reaction from highway-safety advocates who acknowledged the life-saving potential though warned of a world of “human guinea pigs.” The Transportation...
Mandatory Arbitration Clause Could Thwart Wells Fargo Customers’ Lawsuits
Sep 22 2016 // Wells Fargo & Co. customers aiming to sue the bank over bogus accounts opened in their names may be in for an unpleasant surprise: the fine print requires them to take their claims to an arbitrator instead of a...
21 States, Business Groups, Insurance Agents Sue to Block Obama Overtime Pay Rule
Sep 21 2016 // Officials from 21 U.S. states on Tuesday filed a lawsuit claiming an Obama administration rule to extend mandatory overtime pay to more than 4 million workers will place a heavy burden on state budgets. Hours after the...
California Wildfire Now Costliest in U.S. History to Fight at $200M
Sep 21 2016 // A wildfire burning for nearly two months on California’s scenic Big Sur coast has surpassed $200 million in firefighting costs, becoming the costliest to fight in U.S. history, according to data released this...
One Area of Miami Declared Zika-Free While Zika Zone in Miami Beach Expanded
Sep 21 2016 // Authorities declared a victory Monday in stemming further infections of Zika in Miami’s Wynwood arts district, but continued to caution pregnant women about traveling to the city and surrounding areas out of concerns...
Aspen U.S. Appoints Chubb’s Feighan as Head of Accident and Health
Sep 20 2016 // Aspen U.S. Insurance has appointed Michael Feighan as senior vice president and U.S. head of Accident and Health. Feighan joins Aspen from Chubb where he served as chief marketing officer for Accident and Heath from May...
$500 Million Lawsuit Accuses NASCAR of Racial Discrimination
Sep 20 2016 // NASCAR was hit with a $500 million lawsuit accusing the auto racing body of racial discrimination for preventing black-owned teams and drivers from competing, including in the Sprint Cup Series. Terrance Cox and his...
U.S. Judge Allows Class Action Alleging State Farm Bankrolled Judge
Sep 20 2016 // Some customers of State Farm Mutual Automobile Insurance Co. claim the company conspired to help elect an Illinois Supreme Court candidate so he could vote to throw out a $1 billion award against the company. Now they will...
U.S. to Unveil Safety Standards for Autonomous Vehicles
Sep 20 2016 // The Obama administration’s proposed guidelines for self-driving cars, to be formally unveiled Tuesday, include 15 benchmarks automakers will need to meet before their autonomous vehicles can hit the road. The...
Loechner to Manage Gulf Coast Territory for XL Catlin’s US Marine Insurance Business
Sep 19 2016 // XL Catlin has promoted Jeffrey Loechner to Gulf Coast territorial manager for its U.S. Marine insurance business. He assumes underwriting and management responsibility for ocean cargo, blue and brown water hull, P&I,...
Pain Care Lobby Gave $3.5M in Ohio Political Donations as Opioid Deaths Climbed
Sep 19 2016 // As Ohio’s overdose epidemic has climbed toward a record high, an army of lobbyists representing makers of prescription painkillers and their allies poured more than $3.5 million into Ohio political...
AIR Worldwide Expands Global Terrorism Risk Model
Sep 19 2016 // Catastrophe risk modeler AIR Worldwide has expanded the capabilities of its terrorism risk model to support scenario testing for the United States and 27 other countries to help companies assess the impact of different...
First Lawsuit Over Wells Fargo Sales Practices Filed
Sep 19 2016 // Wells Fargo & Co. was sued by customers in what may be the first of many lawsuits to come after disclosures that employees created unauthorized accounts to boost the bank’s fees. Three Utah customers sued the...
