Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
People – Southeast
Aug 8 2016 // Worldwide Facilities has appointed Bob McAuley as regional president. He is based out of the company’s Atlanta office. Prior to joining Worldwide Facilities, McAuley spent the past five years with RT Specialty in...
U.S. Risk Acquires Continental Marine in California
Aug 5 2016 // U.S. Risk L.L.C. has acquired Continental Marine Insurance Services. Continental is a Lodi, Calif.-based wholesale insurance broker. Continental has specialized in placing marine insurance for both commercial and personal...
Just 2% of China’s July Floods Covered by Insurance, vs. Nearly 70% in U.S.: Aon
Aug 5 2016 // China’s seasonal “Mei-Yu” rainfall in July led to the worst flooding since 1998, bringing total combined economic losses of an estimated US$33 billion, according to a report published by Impact...
SLSOT Using Data to Better Communicate with Surplus Line Market Stakeholders
Aug 4 2016 // Surplus lines may not be the most widely understood segment of the property/casualty insurance industry but for risk managers of large organizations it’s often the go-to market for complicated risks for which...
Pfizer Agrees to $486M Settlement with Shareholders Over Concealing Drug Risks
Aug 4 2016 // Pfizer Inc. on Tuesday said it has reached a $486 million settlement of litigation accusing it of causing big losses for shareholders by concealing safety risks associated with its Celebrex and Bextra pain-relieving...
Volkswagen Wants Investor Class Action Suit Dismissed
Aug 4 2016 // Volkswagen AG and its former chief executive have asked a U.S. federal judge in California to dismiss lawsuits filed by American investors accusing the German automaker of deception involving its cheating on diesel...
New York Regulator Has ‘Significant Concerns’ About Anthem-Cigna Merger
Aug 4 2016 // New York’s insurance regulator has “significant concerns” about Anthem Inc.’s proposed $48 billion acquisition of rival health insurer Cigna Corp. and will hold a hearing to address them before...
Captive Insurers in Strong Position: A.M. Best
Aug 3 2016 // Captive insurance companies rated by A.M. Best ended 2015 in strong form, recording pretax operating income of $1.4 billion, a 13.5 percent increase over 2014, according to a new A.M. Best special report. The Best Special...
Congress Urged to Interrupt Recess to Act on Zika Funding
Aug 3 2016 // Federal health officials, scrambling to fund efforts to combat the spread of the Zika virus in the United States, said on Tuesday they have provided more stopgap money to various locales while calls grew for Congress to...
Judge Rejects Bid to Throw Out Trump University Lawsuit Before Trial
Aug 3 2016 // A U.S. judge on Tuesday rejected Republican presidential candidate Donald Trump’s pretrial bid to throw out a lawsuit brought by Trump University students who said they were defrauded by its real-estate...
Tesla Searching for Explanation of Tesla Autopilot Crash
Aug 2 2016 // Tesla Motors Inc. told U.S. Senate Commerce Committee staff it is considering two theories that may help explain what led to the May 7 fatal crash that killed a Florida man who was using the car’s...
Uber Insists If Arbitration Pact Is Nixed, $100M Driver Settlement Is Dead
Aug 1 2016 // Uber Technologies Inc.’s message to the judge who must approve its $100 million settlement with drivers is clear: take it or leave it. In an escalating game of courtroom brinkmanship, Uber has hit what may be an...
Sports-Related Brain Injuries Are Emerging Risk for US & UK Insurers: S&P Report
Aug 1 2016 // Sports-related brain injuries are one of the top emerging insurance claims in the U.S. and the U.K., according to a report published by S&P Global Ratings. While the potential risk of such liability claims is rising...
Judge Denies Uber Bid to Enforce Arbitration in Consumer Suit
Aug 1 2016 // Uber Technologies Inc. can’t require a Connecticut customer accusing the company of price-fixing to resolve the fight in arbitration, a federal judge ruled in one of several cases challenging the ride-hailing...
U.S. Moves to Guard Blood Supply After Reports of Zika Virus in Florida
Jul 29 2016 // The U.S. Food and Drug Administration has ordered all blood collection centers in Florida’s Miami-Dade and Broward counties to stop collecting blood as state health department officials continue to investigate four...
U.S., China Insurance Regulators Keep Open Dialogue
Jul 29 2016 // Regulatory representatives from the U.S. and China met this week to discuss issues facing their respective insurance markets. The meeting was held at the National Association of Insurance Commissioners (NAIC) New York...
Climate Change Modeling is Closer than You Think
Jul 28 2016 // For the last few years you got a common response from catastrophe modelers who advise the property/casualty industry when asked about including the effects of climate change in modeling. It went something like: “The...
Peabody Reaches Coal Mine Cleanup Deal with 3 U.S. States
Jul 28 2016 // Peabody Energy Corp., the largest U.S. coal producer, reached a deal to cover mine clean-up liabilities while in bankruptcy with three U.S. states, court documents showed on Tuesday. Peabody has benefited from a federal...
CNA’s Tatum Named Head of AXIS Insurance’s U.S. Programs
Jul 28 2016 // John Tatum has joined AXIS Insurance as executive vice president and head of U.S. Programs. In this new position, he is responsible for all programs and binding authorities for AXIS Insurance across the U.S. market. Tatum...
U.S., EU Report on Re/Insurance Covered Agreement Talks
Jul 28 2016 // Representatives of the United States and the European Union met in Brussels this week to continue their joint negotiations for a bilateral agreement on insurance and reinsurance measures. “Both sides continued to...
