Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
How One Broker, CGSC, Is Navigating Stages of Entrepreneurial Business
Dec 29 2014 // Entrepreneurial organizations go through stages of growth, says the chief executive of one of the world’s largest wholesale insurance and reinsurance brokerages. Toby Esser, CEO of Cooper Gay Swett & Crawford...
3 Sentenced in Louisiana Auto Insurance Fraud Scheme
Dec 29 2014 // United States Attorney Stephanie A. Finley announced three defendants in an insurance fraud scheme recently received prison sentences. Additionally, one of them was ordered to pay more than $190,000 for staging automobile...
Insurers Dogged by Claims of Slanted Sandy Reports
Dec 28 2014 // When Superstorm Sandy hit the East Coast, flood insurance companies working for the Federal Emergency Management Agency dispatched an army of structural engineers to do some detective work. Their assignment: Find out how...
Report Questions U.S. Readiness, Coordination to Handle Major Disaster
Dec 24 2014 // The U.S. government isn’t fully prepared to handle a nuclear terrorist attack or a large-scale natural catastrophe, lacks effective coordination, and in some cases is years away from ensuring adequate emergency...
U.S. Seeks Up to $18B in Fines From BP Over Gulf Oil Spill
Dec 22 2014 // The government wants BP Plc to pay $16 billion to $18 billion in water-pollution fines for the worst offshore oil spill in U.S. history while seeking more than $1 billion from the co-owner of the blown-out well that caused...
Sony Hack Reveals Need for Business, Government to Collaborate on Cyber Issues
Dec 21 2014 // Back-channel talks between Sony Pictures Entertainment and the White House to coordinate a response to a debilitating cyber-attack didn’t prevent a public disagreement over the studio’s decision to pull its...
McDonald’s Is Joint Employer with Franchisees: National Labor Board
Dec 21 2014 // McDonald’s Corp. wields enough control over its franchisees that it should be jointly responsible for the working conditions of their employees, according to charges by the U.S. labor board critics say threatens to...
U.S. Auto Recalls Set Record at 60 Million for Year
Dec 21 2014 // U.S. automobile recalls surpassed the 60 million mark for the first time in a single year, largely because of the rush to prevent more deaths from defective General Motors Co. ignition switches and Takata Corp. air...
Fireman’s Fund Timeline: Through Earthquake, Amex and More
Dec 19 2014 // The sale of a Fireman’s Fund unit from Allianz SE to Ace Ltd. stands to further diminish an iconic U.S. insurance brand that dates to the 1800s. The buyer said Thursday that it will integrate the operation, which...
MetLife Considers Appeal of Systemic Risk Label
Dec 19 2014 // MetLife Inc., the biggest U.S. life insurer by assets, was labeled a systemically important financial institution by a council of regulators and said it will consider whether to sue the government over the decision. The...
Anbang Expands Reach With Diverse Investments in China, Europe & US
Dec 19 2014 // Anbang Insurance Group Co., the Chinese insurer that’s buying New York’s Waldorf Astoria hotel, is expanding at home with investments from China Minsheng Banking Corp. to Financial Street Holdings Co. The...
14 Charged for Roles in Deadly 2012 Meningitis Outbreak
Dec 18 2014 // In the biggest criminal case ever brought in the U.S. over contaminated medicine, 14 owners or employees of a Massachusetts pharmacy were charged Wednesday in connection with a 2012 meningitis outbreak that killed 64...
With TRIA Renewal Efforts Killed, Some Predict Market Chaos
Dec 18 2014 // Property/casualty insurance industry groups, business associations and observers alike were quick to condemn the death of TRIA renewal for 2014. Without federal terrorism reinsurance in place for 2015, they predicted...
Fraud Scheme Leads to Prison for Former Oklahoma Insurance Firm Employee
Dec 18 2014 // The former employee of an insurance company faces two years in federal prison and more than $168,000 in restitution after being sentenced on a fraud conviction by U.S. district judge in Oklahoma City. Carla Jo Mires, of...
ACE to Buy Fireman’s Fund Personal Lines; Famous Brand Fading Away
Dec 18 2014 // Allianz Group has agreed to sell the U.S. personal lines business of its Fireman’s Fund unit to ACE for $365 million by means of renewal rights arrangement. The merger of the personal lines business with ACE and the...
Sony’s Unprecedented Cyber Attack: Deep, Costly, Controversial
Dec 18 2014 // Sony Pictures’ decision to let Seth Rogen make a comedy about a plot to kill a head of state will potentially cost the studio hundreds of millions of dollars after a devastating cyber-attack linked to North...
XL Group Expands Executive Liability Protection in U.S.
Dec 18 2014 // XL Group’s Professional Liability arm has released a new Executive and Corporate Securities Liability policy form to protect companies and their directors and officers from what it terms “an increasingly...
Top 10 Casualty Insurance Trends for 2015: Marsh
Dec 17 2014 // While casualty insurance rates remain stable overall and new capacity continues to enter the market, certain classes of business continue to be difficult to place, according to Marsh’s U.S. Casualty Practice. The...
U.S. Safety Agency Readies for Legal Battle with Takata
Dec 17 2014 // U.S. regulators investigating failures of Takata Corp. air bags are preparing for a legal fight in case the Japanese parts maker doesn’t comply with a request to expand a recall. The National Highway Traffic Safety...
Senate Confirms Rosekind As U.S. Highway Safety Chief
Dec 17 2014 // The Senate confirmed Mark Rosekind to lead the U.S. National Highway Traffic Safety Administration, which has come under criticism this year for not responding more quickly to evidence of potentially deadly vehicle...
