Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Farmers Insurance Facing Possible Class Action by ‘Hundreds’ of Female Attorneys
Nov 2 2015 // An attorney representing a woman suing Farmers Insurance for discriminatory practices filed a motion in mid-October seeking class action status in a suit she says could potentially encompass 300 female attorneys. The...
Damage Estimates Rising From South Carolina’s ‘Record-Breaking’ Storm
Nov 2 2015 // The potential exposure home insurers in South Carolina face from the early October storm that flooded the state is estimated to be over $18 billion, according to catastrophe modeling firm CoreLogic. Richland County had the...
Guy Carpenter Says Wildfire Losses May Exceed $1.75B
Nov 2 2015 // A briefing from Guy Carpenter & Company, LLC in late October shows more than 9 million acres were burned by wildfires so far this year, most of that occurring in the Western U.S, and that insured losses from wildfires...
Outlook for Homeowners Insurance Market Improves: Report
Nov 2 2015 // The outlook for the U.S. homeowners market has improved over last year thanks in part to rate increases and lower reinsurance costs, according to reinsurance intermediary Aon Benfield. A new report by Aon Benfield...
Economics of Climate Change, Climate Fiction and Climate Control
Oct 29 2015 // With fresh news out on the global economic cost of climate change, an enticing climate fiction contest and a sweet victory for this column, it would take until Christmas to individually cover it all in a bimonthly...
Atlantic Hurricane Season Enters Final Stretch with No-Hit Record Intact
Oct 29 2015 // It has been 10 years since a major hurricane hit the U.S., and as the Atlantic season staggers into its last month, every day that passes seems certain to extend that record streak. Wilma was the last major system,...
Hiscox Appoints Waddell to Lead General Liability Team with Focus on U.S. Risks
Oct 29 2015 // Hiscox London Market has appointed Nick Waddell as general liability line underwriter; establishing Hiscox’s first ever stand-alone general liability team as the business seeks to take advantage of a London market...
Activist Paulson Joins Icahn’s Call to Break Up AIG
Oct 28 2015 // Activist investor Carl Icahn said he owns a “large stake” in American International Group Inc. and urged the insurer to spin off its life and mortgage units into public companies to avoid being tagged as a...
House Votes to Extend Transportation Funding, Railway Safety Deadline
Oct 28 2015 // The U.S. House of Representatives on Tuesday approved a bill to keep federal funds flowing to road and bridge construction projects into late November, while also extending a key rail safety deadline to the end of 2018. In...
Sen. Warren Criticizes Legal ‘Kickbacks’ to Annuity Sales Agents
Oct 28 2015 // U.S. Senator Elizabeth Warren said 13 major U.S. life insurers had admitted to using incentives such as expensive vacations and gifts, which could encourage agents “to put their own interests ahead of their...
What Are Chances a U.S Business Will Face an Employee Lawsuit?
Oct 28 2015 // U.S.-based small and medium sized businesses face an almost 12 percent chance that they it will be hit with an employment claim, with their chances much higher in certain states. A new study of employee charge trends by...
Outlook for Homeowners Insurance Market Improves: Aon
Oct 27 2015 // The outlook for the U.S. homeowners insurance market has improved over last year thanks in part to rate increases and lower reinsurance costs, according to reinsurance intermediary Aon Benfield. A new report by Aon...
Albanese to Exit as New York’s Financial Regulator Before End of Year
Oct 27 2015 // The acting head of New York’s Department of Financial Services will step down before the end of the year, giving New York Governor Andrew Cuomo a run at reshaping a regulator that has levied billions of dollars of...
AIG Seeks $2 Billion in Case Against Life Settlements Firm
Oct 27 2015 // An American International Group Inc. unit told a U.S. judge on Monday that a Philadelphia-area firm should be forced to pay more than $2 billion for overcharging it for life insurance policies acquired from elderly...
Florida-Based U.S. Cat Adjusters Names Cornett Director of Marketing
Oct 26 2015 // U.S. Cat Adjusters, LLC, a claims firm in the Florida property and casualty marketplace, has appointed Greg Cornett as director of Marketing. Cornett will be responsible for U.S. Cat Adjusters market expansion strategy and...
Safety Experts: Oklahoma Quakes a National Security Threat
Oct 26 2015 // In the months after Sept. 11, 2001, as U.S. security officials assessed the top targets for potential terrorist attacks, the small town of Cushing, Okla., received special attention. Even though it is home to fewer than...
Guy Carpenter Says Wildfire Losses May Exceed $1.75B
Oct 26 2015 // A briefing from Guy Carpenter & Company, LLC on Monday shows more than 9 million acres were burned by wildfires so far this year, most of that occurring in the Western U.S, and that insured losses from wildfires could...
House May Attempt to Revive Export-Import Bank
Oct 26 2015 // U.S. lawmakers will begin voting on Monday on legislation to revive the shuttered Export-Import Bank, a spokeswoman for a leading Republican backer of the bank said on Friday. A so-called “discharge petition,”...
Judge Dismisses Facebook Tracking Suit; Finds No ‘Realistic Harm’
Oct 26 2015 // Facebook Inc. won dismissal of a $15 billion lawsuit accusing the company of secretly tracking the Internet activity of its users after they log off. U.S. District Judge Edward J. Davila in San Jose, California, on Friday...
Volkswagen Wants 350 Diesel Fraud Claims Consolidated
Oct 26 2015 // Volkswagen AG is maneuvering to steer hundreds of class-action lawsuits over its emissions-cheating software to the court nearest its current U.S. headquarters or to Detroit, its former location. The automaker asked a...
