Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Closing Quote: Health and Optimism in Surplus Lines
Sep 19 2016 // The surplus lines industry continues to outperform the overall property/casualty market, but that doesn’t mean it’s not without its own challenges. The annual U.S. Surplus Lines – Segment Review, produced...
How Competition Brings Out E&S Market’s Creativity
Sep 19 2016 // Emerging risks or traditional lines, innovation makes the difference The surplus lines market is eyeing another year of solid results for 2015. At press time, the final figures for 2015 surplus lines had yet to be released...
What’s Driving Reinsurance Growth: Aon
Sep 19 2016 // Reinsurance demand has increased over the past 18 months, with the cession ratio across the global property/casualty insurance industry registering a small rise for the first time in several years, and the trend expected...
Arch Coal Agrees to Fund Mine Cleanups to Exit Bankruptcy
Sep 19 2016 // U.S. coal miner Arch Coal has agreed to set aside collateral to cover future mine cleanup costs as part of its bankruptcy reorganization plan, according to a court filing, ending its controversial use of...
Alabama Department of Insurance Re-Accredited by NAIC
Sep 19 2016 // The Alabama Department of Insurance (ALDOI) announced Aug. 31 that it has been re-accredited by the National Association of Insurance Commissioners (NAIC) for a 5-year term. The ALDOI received its first NAIC accreditation...
Judge Rules Uber Can Settle with Customers over Tips
Sep 16 2016 // Uber Technologies Inc. won permission to settle claims it misled consumers by charging them a 20 percent “gratuity” even though drivers got only about half of it. U.S. District Judge Edward Chen in San...
Wells Fargo Facing Disclosure Questions Over ‘Phantom’ Sales Scandal
Sep 16 2016 // A phantom account scandal at Wells Fargo & Co. has put the U.S. bank’s disclosure policies under a harsh spotlight. Despite press reports that a federal regulator and the Los Angeles prosecutor were investigating...
Drugs in U.S. Workplace at Highest Level in Decade
Sep 16 2016 // Following years of declines, the percentage of employees in the combined U.S. workforce testing positive for drugs has steadily increased over the last three years to a 10-year high. An analysis of nearly 11 million...
Deutsche Bank Balks at $14 Billion U.S. Demand to Settle Securities Claims
Sep 16 2016 // Deutsche Bank said it would fight a $14 billion demand from the U.S. Department of Justice to settle claims it missold mortgage-backed securities, a shock bill that raises questions about the future of Germany’s...
Samsung Agrees to Replace 1 Million Galaxy Note 7 Smartphones in U.S.
Sep 16 2016 // Samsung Electronics Co. Ltd. formally recalled 1 million Galaxy Note 7 smartphones sold in the United States, replacing or refunding the flagship phones, whose susceptibility to catching fire has damaged the image of the...
Tropical Storm Julia Weakens Along Southeast Coast
Sep 15 2016 // Tropical Storm Julia weakened into a depression and is expected to meander off the coast of Georgia and South Carolina for the next few days, the U.S. National Hurricane Center said on Thursday. Julia is located about 60...
Utah’s Unique Zika Case Remains Medical Mystery
Sep 15 2016 // A case of the Zika virus in Utah is now the only one in the continental U.S. that’s still puzzling researchers on exactly how it spread, health officials said this week. The man caught the illness after caring for...
Sports Team Doctors Want Medical Malpractice Protection When Traveling Out of State
Sep 15 2016 // Congress has advanced legislation to clarify that sports doctors’ medical malpractice insurance should follow them when they travel out of state with their teams. The House of Representatives this week approved the...
Arch Coal Ends Self-Bonding, Agrees to Fund Future Mine Cleanups to Exit Bankruptcy
Sep 13 2016 // U.S. coal miner Arch Coal has agreed to set aside collateral to cover future mine cleanup costs as part of its bankruptcy reorganization plan, according to a court filing, ending its controversial use of...
Court Reinstates Whistleblower Retaliation Claim Against JPMorgan
Sep 13 2016 // A federal appeals court on Monday revived a former JPMorgan Chase & Co. private banker’s whistleblower lawsuit accusing the bank of firing her in retaliation for warning that an Israeli client might be committing...
Lawmakers Call for U.S. Effort to Thwart Vehicle Hacking
Sep 13 2016 // Four Republican members of Congress on Monday urged U.S. auto safety regulators to convene an industry-wide effort to prevent possible attacks on computer systems in vehicles. The lawmakers addressed their concerns in a...
Munich Re Backs On-Demand Insurance Startup Trov’s Expansion in U.S. Market
Sep 13 2016 // Trov, an on-demand insurance startup, is revving up plans to enter the U.S. market in 2017, by way of a partnership with Munich Re. Munich Re, one of the world’s largets reinsurers, says it intends to provide...
U.S. Disaster Loans Approved After Indiana Tornadoes
Sep 12 2016 // Indiana Gov. Mike Pence says the U.S. Small Business Administration has approved low-interest disaster loans for tornado-stricken Howard County. Pence said that the contiguous counties of Cass, Carroll, Clinton, Tipton,...
Uber, Drivers Resume Talks After $100 Million Deal Falls Apart
Sep 12 2016 // Uber Technologies Inc. doesn’t appear ready to walk away from further negotiations with its drivers in their dispute over whether they should be treated as employees rather than independent contractors. Three weeks...
Casualty Losses and Cyber, Crop, Property Demand Driving Reinsurance Growth: Aon
Sep 12 2016 // Reinsurance demand has increased over the past 18 months, with the cession ratio across the global property/casualty insurance industry registering a small rise for the first time in several years, and the trend expected...
