Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Treasury Recommends Some Terrorism Premiums Be Retained for Future Claims
Jul 5 2016 // In a report that concludes that the federal terrorism risk insurance program “remains an important mechanism” for ensuring that terrorism risk insurance is available and generally affordable, the U.S. Treasury...
U.S. Issues Call for Urgent Repairs on 300,000 Hondas, Acuras with Takata Air Bags
Jul 1 2016 // U.S. auto safety regulators warned on Thursday that Takata air bag inflators on more than 300,000 unrepaired recalled Honda vehicles show a substantial risk of rupturing, and urged owners to stop driving the...
Class-Action Suit Filed Against South Carolina Town Over Speeding Ordinance
Jul 1 2016 // A class-action lawsuit has been filed against the Clarendon County, South Carolina town of Turbeville for its practice of charging speeders under an ordinance that allows the town to keep the fines rather than the...
Even with Rescue, Puerto Rico Default Likely; Insurers Still at Risk for Millions
Jun 30 2016 // Investors in Puerto Rico’s debt-burdened economy still face risks of default on some of the island’s $70 billion in debt even after the U.S. Congress on Wednesday created a powerful federal oversight board to...
73% of U.S. Drivers Welcome Commuting with Robot Behind the Wheel: Survey
Jun 30 2016 // Almost three-quarters of U.S. drivers are eager to replace the daily commute’s drudgery with a self-driving car and 80 percent say they would pay extra to have a robot take the wheel, according to a survey that...
Toyota Recalls 3.37M Cars for Flawed Air Bags, Emissions Control Units
Jun 30 2016 // Toyota Motor Corp has recalled 3.37 million cars worldwide over possible defects involving air bags and emissions control units. The automaker on Wednesday said it was recalling 2.87 million cars over a possible fault in...
Religious Extremists, ‘Lone Wolf’ Attacks Changing Political Risk Landscape
Jun 30 2016 // In a short period of time, the political risk market has experienced a significant shift in exposures, with new potential threats and different territories now threatened by attacks from religious extremists. Christof...
Maine Town Ends Flying of U.S. Flags Due to Insurance Cost
Jun 29 2016 // A lack of adequate liability insurance has put an end to a project honoring military veterans by flying American flags on utility poles in Maine’s smallest town. The Kennebec Journal reports Randolph Fire Association...
Terrorist Attack at Istanbul Airport Kills at Least 40; Islamic State Blamed
Jun 29 2016 // Coordinated suicide attacks at Istanbul’s international airport killed at least 40 people, tearing through the terminal at one of the busiest travel times of the year as Turkey struggles to contain the spillover from...
How U.S. and EU Differ in Handling Volkswagen Diesel Scandal
Jun 29 2016 // If you own a Volkswagen with a diesel engine in the U.S., the company will buy back your car and give you as much as $10,000. If you drive in Europe, you may only get a piece of pipe. As part of Volkswagen AG’s...
Study: Economic Costs of Pandemic in U.S. Could Be $34-45 Billion
Jun 29 2016 // A pandemic influenza outbreak in the United States could have economic costs nearly double the total amounts experts have previously calculated, depending on how the public, government and businesses respond to an...
U.S. Supreme Court to Weigh Miami Predatory Lending Lawsuit
Jun 28 2016 // The U.S. Supreme Court on Tuesday agreed to decide whether Miami can pursue lawsuits accusing major banks of predatory mortgage lending to black and Hispanic homebuyers resulting in loan defaults that drove down city tax...
U.S., China, EU Vow Crackdown on Unsafe Products Sold Online; Eye Hoverboard Standards
Jun 28 2016 // U.S., European and Chinese regulators say they will jointly enforce product safety in online commerce, and an American official said they are making progress on crafting standards for hoverboards. The statement last week...
China’s Fosun to List U.S. Insurer Ironshore ‘As Soon as Possible’: Reuters
Jun 28 2016 // Fosun Group, China’s biggest private conglomerate, will list U.S. property and casualty insurer Ironshore Inc “as soon as possible” this year, Guo Guangchang, the company’s billionaire co-founder...
Activities at U.S. Whitewater Center in North Carolina Suspended After Amoeba Detected
Jun 28 2016 // The U.S. National Whitewater Center in Charlotte, N.C., announced Friday that it has temporarily suspended its operations after water samples turned up the amoeba believed to have caused the death of an Ohio teenager. A...
Update: Volkswagen’s U.S. Diesel Settlement Tab to Top $15 Billion
Jun 27 2016 // German automaker Volkswagen AG will pay more than $15.3 billion to settle charges that it cheated on U.S. diesel emissions tests, an agreement that will fund buybacks for consumers and provide up to $4.7 billion that could...
RMS Updates Cat Models for Terrorism, Europe Windstorm & US Flood
Jun 27 2016 // Global catastrophe risk management firm RMS has released version 16.0 of its catastrophe modeling platform, which includes updates to both the Europe Windstorm Clustering Model and Terrorism Modeling suite. Also included...
How Led Zeppelin ‘Stairway’ Win Could Affect Music Copyright Liability
Jun 27 2016 // Led Zeppelin’s victory over allegations the band stole the opening chords of “Stairway to Heaven” may reverse the swell in copyright infringement lawsuits over pop songs that followed last year’s...
USG’s Program Division Makes Staff Changes to Jacksonville, Florida Office
Jun 27 2016 // Allied American Underwriters, a division of USG Insurance Services, Inc., has hired Valarie MacDonald as producer/broker, and Denise Brown as production assistant. In addition to these new hires, AAU has promoted Dasha...
Hanover Stone Partners, USA Risk Group to Offer Captive Management Services
Jun 24 2016 // Hanover Stone Partners, a risk management services firm, and USA Risk Group, an independent captive management firm, have collaborated to offer captive management, governance and related services to businesses and other...
