Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Ex-AIG CEO Benmosche’s Memoir Talks of Fending Off Wall Street Sharks
Apr 13 2016 // Robert Benmosche, the former American International Group Inc. chief executive officer who repaid a U.S. bailout, left behind criticism for Wall Street after his death. “The commissions being charged on the auctions...
Jury to Decide If Led Zeppelin Ripped Off ‘Stairway to Heaven’ Licks
Apr 12 2016 // Led Zeppelin founders Jimmy Page and Robert Plant lost their bid to avoid a trial that may rewrite the history of rock n’ roll over song-writing credit for the 1971 classic “Stairway to Heaven.” A federal...
BAE Uses Cyber Skills Developed in British Intelligence Services to Help Clients
Apr 12 2016 // In January, BAE Systems Plc got a routine call from a new client: The health-care company’s computer systems were mysteriously crashing. BAE’s sleuths soon discovered a dangerous new strain of a virus called...
Federal Court Rules CGL Insurance Covers Data Breach
Apr 12 2016 // A federal appeals court in Virginia has upheld a lower federal court in ruling that a commercial general liability policy (CGL) may cover a data breach. In a case involving the publication of private medical records on the...
Mississippi AG Hood Wins Right to Continue Google Probe
Apr 11 2016 // Google can’t duck an investigation by the Mississippi attorney general into objectionable search engine content that the company calls a threat to Internet freedom. A U.S. appeals court said Friday that a judge was...
MetLife Systemic Risk Battle Not Over as U.S. Files Appeal
Apr 11 2016 // The U.S. government on Friday appealed a court decision that major insurer MetLife cannot be considered “too big to fail” in the United States Court of Appeals for the District of Columbia, according to a...
Ironshore Acquires Remaining Interest in Lexon Surety
Apr 11 2016 // Bermuda-based specialty insurer Ironshore Inc. said it will acquire the remaining 80 percent equity interest in Lexon Surety Group and its surety-related affiliates. Ironshore said it will be an all-cash transaction. Lexon...
FACTBOX: Meteorologists Predict 2016 Hurricane Season Will Be More Active
Apr 8 2016 // Early forecasts from meteorologists suggest the 2016 Atlantic hurricane season will be more active than normal, partly because of the expected end of the El Niño weather pattern in the next few months. Weather forecasters...
Judge Calls FSOC Review of MetLife ‘Fatally Flawed;’ Government Vows Appeal
Apr 8 2016 // The U.S. government panel that decided MetLife Inc. was too big to fail erred in not analyzing the insurer’s vulnerability to financial distress, according to the federal judge who rescinded that designation last...
Texas Teen’s Death Linked to Faulty Takata Air Bag, 10th in U.S.
Apr 7 2016 // A 10th person has died in a crash in the U.S. involving a ruptured Takata Corp. air-bag inflator, according to the U.S. National Highway Traffic Safety Administration. A 17-year-old woman died from injuries sustained in a...
U.S. Storms in March Will Cost Insurers $2 Billion: Aon Benfield’s Cat Report
Apr 7 2016 // Insurers face a $2.0 billion bill following seven severe storm events across multiple states in March, according to Impact Forecasting, Aon Benfield’s catastrophe model development team. Overall economic losses...
Pilots: Don’t Underestimate Safety Threat Posed by Drones
Apr 7 2016 // You’re landing at New York’s LaGuardia Airport on the “expressway” approach—it’s called that because you come in low enough to buzz the Grand Central Parkway and Mets’ Citi Field...
Massey Ex-CEO Blankenship Sentenced to 1 Year in Jail for Fatal Mine Explosion
Apr 6 2016 // Former coal baron Donald Blankenship was sentenced to a year in prison for evading mine-safety rules in one of the final chapters of a fatal mine explosion that was the worst U.S. coal industry accident in almost 40...
6 Years After Upper Big Branch Tragedy, Ex-CEO of Mine Faces Sentencing
Apr 6 2016 // Six years after 29 miners were killed in a West Virginia coal dust explosion, the man who ran the mining company like a fiefdom — a coal baron and power broker who earned millions of dollars a year — will learn...
Judge Dismisses Birth Defect Warning Claims Against Pfizer’s Zoloft
Apr 6 2016 // A federal judge in Philadelphia granted Pfizer Inc.’s request to dismiss more than 300 lawsuits attempting to link the antidepressant Zoloft to heart defects in newborns. Pfizer was accused in lawsuits filed by...
Anbang Insurance to Acquire Allianz’s South Korea Operations
Apr 6 2016 // Anbang Insurance Group Co., which walked away from a bid to acquire Starwood Hotels & Resorts Worldwide Inc. last week, has agreed to buy Allianz SE’s operations in South Korea. The Chinese insurer will purchase...
Chubb Adds Cyber Bullying Insurance for U.S. Homeowners
Apr 5 2016 // Chubb has added cyber bullying coverage to its U.S. Masterpiece Family Protection policy to help cover clients and their families from the expenses associated with a cyber bullying incident. According to Christie Alderman,...
Lockton Names Petrosino Chief Operating Officer of U.S. Pacific Operations
Apr 4 2016 // Gary Petrosino has joined Lockton as chief operating officer of the global insurance broker’s Pacific operations in the U.S. Petrosino will be responsible for leading a team of more than 500 associates in the...
Supreme Court Quashes Wal-Mart, Wells Fargo Bids to Upend Class Action Judgments
Apr 4 2016 // The U.S. Supreme Court on Monday rejected Wal-Mart Stores Inc.’s bid to throw out a more than $150 million class action judgment over the retailers’ treatment of workers in Pennsylvania. The justices declined...
U.S. Must Lower Corporate Taxes to Keep Insurers: Travelers CEO Schnitzer
Apr 4 2016 // Alan Schnitzer, the new chief executive officer of insurer Travelers Cos., called on U.S. lawmakers to reduce corporate taxes or risk harming business in country. “We continue to see the U.S. corporate income tax...
