Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
U.S. Court Approves Clean-Up Deals, Executive Bonuses for Peabody
Sep 6 2016 // Bankrupt coal company Peabody Energy late last month won U.S. court approval for agreements with three states to partially cover $1.14 billion in potential environmental liabilities and for a bonus plan for its six top...
People – West
Sep 6 2016 // Reno, Nev.-based LP Insurance Services Inc. has named Tina Perchetti vice president and shareholder. Perchetti provides clients in northeastern Nevada with commercial insurance products and risk management services. She...
Maine Denies Progressive’s Appeal to Raise Premiums for Older Drivers
Sep 6 2016 // Maine Bureau of Insurance Superintendent Eric Cioppa has denied Progressive’s request to raise auto insurance rates for new customers above the age of 65. Cioppa stated in the August 10 ruling that the move would...
Hermine Weakens As It Hits Florida Panhandle; Some Flooding, Power Outages Expected
Sep 2 2016 // Hermine, the first hurricane to strike Florida since 2005, has weakened to a tropical storm as it moves inland, after threatening soy and cotton crops and leaving large swaths of the region at risk of...
Banks Hike Caps on Directors’ Pay Hoping to Fend Off Lawsuits
Sep 2 2016 // Over the past two years, a growing number of U.S. banks has capped their directors’ earnings, but the ceilings are so high that they primarily serve to fend off potential shareholder litigation rather than control...
Florida Finds First Local Mosquitoes With Zika Virus
Sep 2 2016 // Florida officials on Thursday said they have trapped the first mosquitoes that tested positive for the Zika virus in the Miami area, further confirming reports of local U.S. transmission of the illness that can cause...
AIG’s Sparro Joins Endurance Specialty as CEO of U.S. Insurance
Sep 1 2016 // Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property/casualty insurance and reinsurance, said Christopher Sparro is joining the company as executive vice president and chief executive officer...
Takata Confirms Location, Fatality in Crash of Truck Carrying Air Bag Equipment
Sep 1 2016 // Air bag maker Takata Corp. has confirmed that a truck carrying its inflators and a volatile chemical exploded in a Texas border town, killing a woman and injuring four others. The truck, operated by a subcontractor,...
Judge Finds $28M Uber Offer to Settle Rider Fee Class Action Unfair
Sep 1 2016 // Uber Technologies Inc. was dealt a second rejection of a legal settlement, this time in a case over claims the company misled riders when it charged them a $1 “safe rides fee” that earned the company almost...
Amtrak Wins Partial Appeal to Recoup Insurance for Sandy Repairs
Aug 31 2016 // Amtrak secured a partial U.S. appellate court win on Wednesday in its efforts to recoup insurance coverage after the railroad service sustained more than $1 billion in losses during Superstorm Sandy in 2012. The 2nd U.S....
Elderly Healthcare in APAC to Cost $20 Trillion-Plus over Next 15 Years: Marsh
Aug 31 2016 // Elderly healthcare in the Asia Pacific region will cost more than US$20 trillion between 2015 and 2030, according to a report published by Marsh & McLennan Cos. The report titled “Advancing into the Golden Years...
Sompo Canopius Launches U.S. Ocean Marine Unit; Hires XL Catlin’s Ellis to Head
Aug 31 2016 // Sompo Canopius AG is diving into the U.S. ocean marine business. The global specialty insurer and reinsurer, which is wholly-owned by Sompo Japan Nipponkoa Insurance Inc., calls this a “significant expansion”...
Judge Denies Another Trump Bid to Block Fraud Lawsuit Against University
Aug 31 2016 // Donald J. Trump and his now-defunct real-estate university lost another legal attempt to block former students from suing as a group in a California case accusing the Republican presidential candidate of fraud. Trump...
Analysis: Louisiana Will Need Congress to Help After Flooding
Aug 29 2016 // Insurance payments and traditional federal aid programs won’t be enough to respond to the catastrophic flooding that ravaged tens of thousands of homes across south Louisiana, wrecking entire subdivisions and...
Court Sides with California-based Grocer Trader Joe’s in Knockoff Suit
Aug 29 2016 // A U.S. court has the authority to hear a trademark lawsuit by grocery chain Trader Joe’s against a man who purchased the company’s products and resold them in Canada at “Pirate Joe’s,” a store...
Navigators Appoints New Leadership for Claims Operations
Aug 29 2016 // The Navigators Group Inc. has restructured its leadership team for its global claims organization. Glen Bronstein has been promoted to the newly created role of global chief claims officer. Bronstein joined Navigators to...
AIG, Chubb, XL Lead in $1 Billion U.S. Cyber Insurance Market: Fitch
Aug 29 2016 // About 120 U.S. insurance groups wrote an estimated $1 billion in cyber insurance direct written premiums in 2015, according to Fitch. Fitch aggregated the cybersecurity statutory supplement data for the U.S....
Would-Be Drone Pilots Flock to Take First U.S. Licensing Test
Aug 29 2016 // Thousands of would-be drone pilots are racing to get licensed under new U.S. regulations that have opened an aerial stampede. More than 3,300 have signed up to take the test on Monday, the first day it’s available,...
U.S. Proposes Requiring Speed Limit Devices on Trucks, Buses
Aug 29 2016 // Trucks and buses in the United States may have to be equipped with devices to limit their speed under a proposed rule issued on Friday by the U.S. Transportation Department which said the move could save both lives and...
Metal Theft Remains an Expensive Problem for Insurance Industry
Aug 26 2016 // Metal theft became a growing concern post financial crisis due to rising global demand for scrap metal, and although economic conditions have slowed demand recently, this expensive crime is still causing headaches for the...
