Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Insured Catastrophe Losses Fell 36% in First Half of 2015
Jul 22 2015 // Property/casualty insurers catastrophe losses in North America for the first-half of this year were down 36 percent to $8.1 billion from 2014’s total of $12.6 billion, making it the lightest catastrophe first half...
How AIG Is Using Cyber Intelligence to Protect Property from Cyber Attacks
Jul 22 2015 // A three-hour shutdown of the New York Stock Exchange on the same day that a network failure halted all United Airlines flights in the U.S. had people across the country thinking one thing: cyber-attack. It wasn’t,...
First Half-Year Economic, Insured Cat Losses Below Average: Impact Forecasting
Jul 22 2015 // In its latest report Impact Forecasting, Aon Benfield’s catastrophe model development team states: “Global natural disaster losses during the first half of 2015, from both an economic and insured loss...
Arkansas Utility Objects to Planned Exxon Oil Pipeline Spill Settlement
Jul 20 2015 // An Arkansas water utility has expressed objection to the Justice Department’s proposed settlement with Exxon Mobil over a 2013 pipeline spill in the Mayflower neighborhood. Central Arkansas Water’s opposition...
Judge Finds Injuries ‘Part of Soccer’ in Dismissing Concussion Lawsuits
Jul 20 2015 // A U.S. judge has dismissed a lawsuit by soccer players and parents seeking to force FIFA and other governing bodies to change the sport’s rules to limit the risk of concussions and other head injuries, especially for...
Food Liability Costs Surging in Global Economy: Swiss Re
Jul 20 2015 // Liability costs involving food contamination are soaring, and a globalized supply chain has made risk management much more challenging. In a new report, Swiss Re says that the number of annual food recalls have nearly...
People – Southeast
Jul 20 2015 // Willis North America, a unit of Willis Group Holdings plc, has made a series of senior appointments to its business. Hiram Marrero has been appointed national partner of Willis’s South Region. He will be responsible...
U.S. Power Grid Attack Could Cause $70 Billion in Insurance Losses: Lloyd’s Report
Jul 20 2015 // A cyber attack on the U.S. power grid in the Northeast would have far-reaching implications including the loss of lives, economic losses of as much as a trillion dollars, the disruption of water supplies and...
Business Moves
Jul 20 2015 // Alliant, Preferred Concepts Specialty insurance brokerage Alliant Insurance Services has expanded its managing general agent (MGA) practice through the acquisition of Preferred Concepts, an insurance program underwriter...
Analysis of Chubb’s Future Position in P/C Product Lines
Jul 20 2015 // Just a little over six months ago, ACE announced a deal to acquire the high-net-worth personal lines business of Fireman’s Fund from Allianz, competing against Chubb, which holds the leading position in the...
Amtrak Settles With Primary Insurers in Sandy Lawsuit
Jul 20 2015 // Amtrak recently reached a settlement with its primary insurers in a lawsuit in which the railroad operator sought to recoup additional proceeds for Superstorm Sandy losses from its insurers, according to court documents....
U.S. Court Sides with Kansas Drivers in FedEx Employee Status Case
Jul 17 2015 // FedEx has lost a round in employment practices litigation over whether or not its drivers are employees of the company under Kansas labor statutes. On July 8, the U.S. Court of Appeals for the 7th Circuit agreed with the...
Lawsky’s Bank-Busting Reputation Looms Over Pact With Iran
Jul 17 2015 // Benjamin Lawsky’s bank-busting reputation may have earned him his own tribute in this week’s landmark Iran nuclear agreement. Lawsky was the first superintendent of New York’s beefed-up banking and...
Progressive’s Move Into Homeowners Paying Off; Q2 Profit Up 24%
Jul 17 2015 // Progressive Corp., the fourth-largest U.S. auto insurer, said second-quarter profit rose 24 percent after an acquisition that pushed the company into homeowners coverage. Net income climbed to $363.3 million, or 62 cents a...
Judge Blocks Access to Government Witnesses in GM Lost Value Suit
Jul 17 2015 // General Motors Co. customers suing over faulty ignition switches lost their bid for access to witnesses interviewed by the government in a probe of the automaker, a U.S. judge said. The customers, who are demanding as much...
Marvin Gaye Family’s Music Copyright Verdict Reduced
Jul 17 2015 // A U.S. judge on Tuesday cut a copyright infringement verdict by more than $2 million against recording stars Robin Thicke and Pharrell Williams over their 2013 smash hit “Blurred Lines,” but offered Marvin...
Dog Owners Sue Nestle Purina Over Dog Treats They Say Lack Bacon
Jul 17 2015 // Nestle Purina Petcare Co.’s Beggin’ dog treats may fool dogs into thinking they are mostly made of real bacon, but a federal lawsuit claims that humans may be misled too. The proposed class action by Paul...
Japanese Insurers Eye More Acquisitions in U.S.
Jul 17 2015 // Japanese insurers including MS&AD Insurance Group Holdings Inc. and Sompo Japan Nipponkoa Insurance Inc. are seeking mergers with peers in the United States, as a declining population at home forces them to pursue...
Amtrak Settles With Primary Insurers in Sandy Lawsuit
Jul 16 2015 // Amtrak recently reached a settlement with its primary insurers in a lawsuit in which the railroad operator sought to recoup additional proceeds for Superstorm Sandy losses from its insurers, according to court documents....
Ambiguity Over Spousal Benefit Rules Could Test Gay Marriage Ruling
Jul 16 2015 // The Supreme Court was definitive in its decision to legalize gay marriage nationwide, but what is far from clear is whether U.S. companies must offer corporate benefits to same-sex spouses. Many large and mid-sized...
