Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Credit Firm Experian Dealing with Fallout from T-Mobile Customer Breach
Oct 6 2015 // Experian, the world’s biggest credit data firm, could face fines and class-action lawsuits as well as reputational damage from the data breach at its U.S. business, according to analysts covering the...
BP’s Oil Spill Settlement with Gulf States, U.S. Tops $20 Billion
Oct 6 2015 // The value of BP Plc’s settlement with the U.S. government and five Gulf states over the Deepwater Horizon oil spill rose to $20.8 billion in the latest tally of costs from the U.S. Department of Justice. The...
Deadly West Virginia Mine Explosion Trial Puts Spotlight on Massey’s King Coal
Oct 6 2015 // Before death came to Upper Big Branch Mine, Donald L. Blankenship managed his patch of Appalachia like King Coal incarnate. Outside homes in rural West Virginia flew the banner of his company, Massey Energy Co.: a flame...
Parrot Bite? In-Law Woes? Whatever the Health Claim, There’s an Insurance Code
Oct 6 2015 // There are 70,000 ways to get sick, hurt or mortally injured, and the U.S. is making them official. Last Thursday, U.S. hospitals, doctors and other care providers had to start using internationally developed standards...
Insurers Say Trans-Pacific Pact Important for Industry Growth, Jobs
Oct 5 2015 // U.S. property/casualty insurers are welcoming the news that the Trans-Pacific Partnership (TPP) parties have reached an agreement. Although details of the pact are unknown, the U.S. insurers say they believe the agreement...
Supreme Court to Hear Eurail Case on Foreign Entity Liability
Oct 5 2015 // The new Supreme Court term will include high-level discussions of affirmative action, free association and religious liberty. But the first Monday in October is starting with a suit about a Eurail pass. Specifically, the...
Insurers Respond Slowly to Growing Demand for Cyber Insurance: Timetric Report
Oct 5 2015 // The cyber risk insurance market is experiencing rapid development, with the size of global gross written premiums growing from US$850 million in 2012 to an estimated US$2.5 billion in 2014, according to a new report by...
Too-Big-to-Fail Insurers Face 10% Hike to Capital Requirements: Int’l Regulators
Oct 5 2015 // Global insurers with the greatest ties to the financial system would face an average increase of 10 percent to capital requirements under new standards proposed by a group of regulators. The increase would be as high as...
Supreme Court Term Could Be Big for Business
Oct 5 2015 // Big business is urging the U.S. Supreme Court to curb class action litigation in a series of cases that dominate the nine justices’ business docket in the coming months. The court returns for its new term on Monday...
10 Things to Know About Restaurants and Bars
Oct 5 2015 // Fourty-three states have statutory provisions that enable restaurants, bars and liquor stores to be held liable for selling or serving alcohol to individuals who cause injuries or death as a result of their intoxication....
Business Moves
Oct 5 2015 // Vanner Insurance, Edmund D. Stevens Vanner Insurance Agency, an independent agency based in Amherst, N.Y., recently acquired Buffalo, N.Y.-based agency Edmund D. Stevens Inc. and its marine division, Stevens Marine...
Study: Rate of Hispanic Business Start-Ups Highest in Midwest
Oct 5 2015 // The growth in Hispanic-owned businesses in the United States is outstripping that of companies in general and the fastest growth has been in Midwest states, according to a study released Sept. 21. The number of...
People – Southeast
Oct 5 2015 // George Rogers has been promoted to senior vice president at GEICO. Rogers’ new responsibilities include oversight for GEICO’s Southeast and Midwest operations in addition to his current duties as vice president...
Court Gives WTC Developer Chance to Recoup More Money
Oct 5 2015 // A federal appeals court has given the developer Larry Silverstein a new chance to recoup more money for rebuilding the World Trade Center site in New York, on top of the $4.1 billion of insurance proceeds he has...
VW Reports Business-as-Usual at Tennessee Plant Despite Scandal
Oct 2 2015 // Inside Volkswagen’s only U.S. assembly plant there’s little hint of the diesel emissions cheating scandal embroiling the German automaker around the world. Sparks fly off robotic welding arms, new versions of...
Insured Losses From Joaquin Might Be Minimal at This Juncture: Macquarie
Oct 2 2015 // While still a major hurricane that turned into a Category 4 Thursday above the Bahamas, the estimated track for Hurricane Joaquin has continued to track further east of the U.S. in recent estimates. If the latest forecast...
Bird Flu Has Midwest Farmers Building Fences, Hosing Down Visitors
Oct 2 2015 // In Iowa, one of the largest U.S. egg processors has started to buy foreign supplies for the first time. Elsewhere in the Midwest, a free-range egg producer says it may build automatic car washes to scour vehicles accessing...
RMS: Slow-Moving Hurricane Joaquin Expected to Drive Coastal Flooding
Oct 2 2015 // Even though Hurricane Joaquin is likely to remain offshore in the Atlantic, it is battering parts of the Carribbean with Category 4 strength winds and will likely drive coastal flooding and heavy rainfall along the eastern...
If MetLife Is Tagged As Systemically Risky, Why Isn’t Berkshire Hathaway?
Oct 2 2015 // MetLife Inc., the insurer fighting the U.S. government’s decision to label it a potential threat to financial stability, wants to know why Warren Buffett’s Berkshire Hathaway Inc. has gotten a pass. Documents...
Insurance Company Investors Assess Hurricane Joaquin Damage
Oct 2 2015 // The hurricane strengthening off the U.S. East Coast is buffeting insurance providers as investors assess the possible damages. Losses began to accelerate as Joaquin grew into a Category 4 hurricane, with top winds...
