Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Duffy Takes Helm at Canopius in U.S.; Bird, Fowles Promoted
Apr 20 2015 // Canopius Group Limited, the global specialty insurance and reinsurance unit of Sompo Holdings, has made changes to its U.S. management line-up, including naming Mike Duffy as executive chairman of U.S....
Pfizer Wins First of 1,000 Suits Claiming Antidepressant Zoloft Link to Birth Defects
Apr 20 2015 // Pfizer Inc.’s Zoloft antidepressant didn’t cause a boy’s birth defects, a jury concluded in the first trial of more than 1,000 lawsuits over what was once the U.S.’s most popular mood-altering...
EEOC Alleges Maryland Insurance Administration Violated Equal Pay Act
Apr 20 2015 // The U.S. Equal Employment Opportunity Commission (EEOC) has filed a lawsuit against the Maryland Insurance Administration (MIA), alleging that Maryland’s insurance regulatory agency paid its women investigators and...
10 Things to Know About Cyber Risks in Public Entities
Apr 20 2015 // The per capita cost of a data breach to the public sector is $172 per record, according to the “2014 Cost of Data Breach Study: United States” — Ponemon Institute Public sector companies have the highest...
Tennessee Benefit Limits for Undocumented Workers Ruled Unconstitutional
Apr 20 2015 // A Nashville judge has found a state law that limits the amount of workers’ compensation benefits laborers living in the U.S. illegally can receive is unconstitutional. The ruling stems from the case of a Guatemalan...
Judge Agrees to Hear Opponent of NCAA $75M Concussion Settlement
Apr 19 2015 // A U.S. judge declined to immediately approve the National Collegiate Athletic Association’s $75 million settlement of a lawsuit by college athletes who’ve suffered head injuries, giving a critic of the accord...
Bottom Line: Gulf Oil Spill Isn’t an Environmental Disaster
Apr 19 2015 // In early March a 30,000-pound mat of oily gunk washed up on East Grand Terre, a barrier island in the mouth of Louisiana’s Barataria Bay. It was an ugly reminder of the blowout at BP’s Macondo well, a disaster...
Obama, Insurers Welcome Bipartisan Trade Authority Measure
Apr 17 2015 // The White House would get its desired clarity of authority to negotiate a Pacific trade agreement while lawmakers would get the right to set negotiating parameters and to have a yes-or-no-vote on such pacts under a...
EEOC Issues Rules for Employee Wellness Program Incentives
Apr 16 2015 // U.S. employers can reward workers with as much 30 percent of the cost of their health insurance benefits in return for participation in programs to monitor weight, cholesterol and other “wellness” measures, the...
Judge Upholds GM Liability Shield from Some Ignition Claims
Apr 16 2015 // General Motors Co. will not have to face dozens of lawsuits accusing it of concealing an ignition-switch defect that led to the recall of 2.6 million vehicles, a U.S. bankruptcy judge ruled on Wednesday. GM had argued it...
Judge Approves Delay in Sentencing for Duke Energy Coal Ash Crimes
Apr 16 2015 // Duke Energy received a delay Tuesday in pleading guilty to environmental crimes after the company raised the specter that bureaucratic red tape could result in power being cut to military bases across North Carolina. U.S....
Liberty Mutual Inks Deal as U.S. Soccer Federation Sponsor
Apr 15 2015 // Liberty Mutual Insurance has signed a multi-year sponsorship with the U.S. Soccer Federation, the national governing body for soccer in the U.S. The sponsorship, which extends through 2018, designates Liberty Mutual as the...
Lloyd’s Names Magrath Western Regional Director
Apr 15 2015 // Lloyd’s of London has named Richard Magrath regional director for its Western U.S. region. Magrath will be based in Los Angeles, Calif. with responsibility for market development activities in California, Oregon,...
How 10% of S&P Firms ‘Reform’ Taxes on Their Own
Apr 15 2015 // When it comes to taxes, corporate America is getting a bit less corporate. And a bit less American. Fueled by a wave of inversions, a record 54 companies in the Standard & Poor’s 500 Index of leading U.S. firms...
Validus Holdings Promotes 3 Underwriting Execs in Bermuda
Apr 15 2015 // Validus Reinsurance, Ltd., a wholly owned subsidiary of Validus Holdings, Ltd. has announced a number of underwriting promotions in its Bermuda office, “strengthening the capabilities and breadth of its global...
Hot Insurance Markets for 2015
Apr 14 2015 // This year’s “Hot Markets” report for property/casualty insurance agents and brokers includes some not-so-usual suspects along with tried-and-true markets enjoying growth. Insurance Journal examined...
U.S. Judge Upholds Liability of Arab Bank for Terrorist Financing
Apr 13 2015 // A U.S. judge on Wednesday rejected Arab Bank Plc’s bid to overturn a jury verdict finding it liable for knowingly supporting terrorism efforts related to a series of attacks in the Middle East. The Jordan-based bank...
Insurance Doesn’t Tackle Underlying Problem of Cyber Crime: Bloomberg View
Apr 13 2015 // Companies are finding a way to minimize the repercussions when their digital security is violated. Unfortunately, they’re turning to the same safeguards that protect the guitar-strumming hands of Keith Richards, the...
Massey Ex-CEO Blankenship’s Criminal Trial Moved to July
Apr 12 2015 // Former Massey Energy Co. Chief Executive Officer Donald Blankenship was given a three-month reprieve to prepare for a criminal trial over an April 2010 explosion that killed 29 miners. The blast at the Upper Big Branch...
How Another Country’s Insurance Industry Is Facing Climate Change
Apr 9 2015 // Tim Grafton, chief executive of the Insurance Council of New Zealand, lives in a country surrounded by risk on all sides, and he’s unabashed in his efforts to use flooding events, frequent storms or other...
