Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
‘Smart City’ Pilot Project to Test Tools Aimed at Reducing Accidents
Mar 11 2016 // The U.S. Transportation Department and NXP Semiconductors NV are joining forces in a pilot project to use communication technology to reduce congestion and speed traffic, they said on Friday. The department said in...
Florida Battle Over Law Limiting Doctors’ Gun Speech Rages On
Mar 10 2016 // As a pediatrician, Dr. Judith Schaechter can ask parents of her patients all sorts of questions regarding their safety and well-being: what the child eats, whether there’s a backyard pool and whether the child gets...
Home Depot Settles Data Breach Lawsuit for $19.5M
Mar 9 2016 // Home Depot Inc. agreed to pay at least $19.5 million to compensate U.S. consumers harmed by a 2014 data breach affecting more than 50 million cardholders. The home improvement retailer will set up a $13 million fund to...
Allianz Plans to Sue VW over Share Drop Caused by Emissions Scandal: Source
Mar 9 2016 // German insurer Allianz plans to sue Volkswagen over the sharp drop in its shares as a result of the carmaker’s diesel emissions scandal, a source familiar with the situation told Reuters. If successful, the lawsuit...
El Niño Wreaks Havoc in February with Fiji Cyclone, Floods & Drought: Aon Report
Mar 8 2016 // The Southern Hemisphere registered its strongest tropical cyclone on record during February with Tropical Cyclone Winston, according to Impact Forecasting, Aon Benfield’s catastrophe model development team. With...
Thinking Outside the Glove Box to Get Recalled Autos Repaired
Mar 8 2016 // The 63,000 spectators crowded in late January inside Atlanta’s Georgia Dome for a battle of college marching bands didn’t know they’d also be schooled in auto safety. Between the Lincoln University Orange...
U.S. Chamber Files Suit against Seattle over Uber, Lyft Ordinance
Mar 7 2016 // The U.S. Chamber of Commerce is suing the city of Seattle over an ordinance that allows drivers of ridesharing apps Uber and Lyft to unionize, saying it violates federal antitrust laws. Seattle last year became the first...
Supreme Court Nixes AIG Bid to Recoup Foreign Tax Credits
Mar 7 2016 // The U.S. Supreme Court on Monday rejected bids by three companies to recoup hundreds of millions of dollars in foreign tax credits denied by the Internal Revenue Service as the tax agency tries to curb corporate abuse of...
The Hartford, Olympians to Advocate ‘Death of Disability’ at SXSW
Mar 7 2016 // New research has placed a spotlight on a gap between what Americans say about themselves and what they think about others when it comes to disability in the workplace and sports. According to the research by The Hartford,...
People – Southeast
Mar 7 2016 // Risk Strategies Company, a privately held national insurance brokerage and risk management firm, has expanded its nationwide Private Risk Management (PRM) practice with the hiring of Carol Wiek as vice president, private...
USDA Expands Crop Insurance Options for Organic Farmers
Mar 7 2016 // In mid-February, federal agriculture officials announced an expansion of crop insurance options to better serve farmers transitioning to certified organic production. Agriculture Secretary Tom Vilsack said the expanded...
California’s Porter Ranch Blowout Highlights Evacuation Risk
Mar 7 2016 // Editor’s note: This is part two of a three-part series on the oil and gas industry. The first article covered the important changes that occurred in 2015 and the significance of the Porter Ranch, Calif., blowout that...
People – East
Mar 7 2016 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has hired Edith Quintrell as its U.S.-based underwriting development director for its Global Financial Risks division. Quintrell previously was...
Munich Re’s Vasturia to Serve as IICF Chairman
Mar 4 2016 // The Insurance Industry Charitable Foundation (IICF) has named John Vasturia, president of Specialty Markets for Munich Reinsurance America Inc., as chairman for IICF’s board of governors. Vasturia has been a member...
Liberty Mutual Profit Fell 70% in 2015
Mar 4 2016 // Liberty Mutual Insurance saw profits fall for the fourth quarter and full year 2015 due to higher catastrophe and energy-related losses. Parent Liberty Mutual Holding Co. booked $411 million in net income in Q4, a nearly...
U.S. Treasury Seeks Terrorism Data from Insurers
Mar 4 2016 // The U.S. Department of the Treasury’s Federal Insurance Office (FIO) is requesting that insurers voluntarily submit insurance data regarding their participation in the Terrorism Risk Insurance Program (TRIP). The...
A.M. Best Affirms Ratings of Beazley’s Lloyd’s Syndicates & US Insurer
Mar 4 2016 // A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit ratings of “a+” of Beazley’s Lloyd’s Syndicates Syndicates 2623, 623, 3623 and 3622. The outlook for all...
Hedge Funds Leery of Moves to Limit U.S. Reinsurance Tax Break
Mar 3 2016 // Dan Loeb’s reinsurer cited risks tied to regulation as the Internal Revenue Service and U.S. Senator Ron Wyden work to limit what the lawmaker called a “tax loophole” used by hedge fund managers to route...
Why Small Commercial Lines May Not Be So Bright for Agency Carriers
Mar 3 2016 // As more small business owners become comfortable buying everything including insurance online, exclusive agent carriers will gain an advantage over independent agency carriers in the highly-fragmented and increasingly...
Former VW CEO Was Alerted to Problems with US Diesel Emissions Tests in 2014
Mar 3 2016 // Volkswagen’s former chief executive officer was alerted to problems with U.S. diesel emissions tests in 2014, but the issue “did not initially receive particular attention at the management levels,” the...
