Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
JPMorgan Hackers May Have Hit Multiple Financial Firms
Oct 9 2014 // The hackers who raided the data banks of JPMorgan Chase & Co. used computers now linked to possible attacks on at least 13 more financial companies, according to a person familiar with the investigation. More than a...
AIG Boosts Railroad Excess Liability Coverage to $1 Billion
Oct 9 2014 // American International Group Inc., the largest commercial insurer in the U.S. and Canada, introduced a policy to help railroads handle losses from catastrophic accidents as more crude oil is shipped by trains. The insurer...
Was AIG’s High Bailout Loan Rate Forced by Regulators?
Oct 8 2014 // A “crazily high” interest rate levied on American International Group Inc.’s $85 billion bailout loan may have been forced on the Federal Reserve Bank of New York by other regulators, according to...
Ports Tighten Ship Entry Rules in Response to Ebola Crisis
Oct 8 2014 // Brazil, Argentina and the United States have tightened port entry procedures for ships that have sailed from West Africa in a bid to control the potential spread of the deadly Ebola virus. Ebola has killed more than 3,400...
High-Tide Floods to Triple for Some East Coast Cities, Study Finds
Oct 8 2014 // Flooding during high tides, which used to be rare, is now common in some places and could worsen to the point that sections of coastal cities may flood so often they would become unusable in the near future, according to a...
Judge Awards Dow Jones $5 Million in Claim Against Aggregator Ransquawk
Oct 8 2014 // Dow Jones & Co. on Tuesday won a $5 million judgment against the London-based service Ransquawk, which it accused of pirating its content by broadcasting news within seconds of publication to traders and other...
Canadian Railway Oil Train Crashes in Saskatchewan
Oct 8 2014 // Firefighters contained the blaze triggered by the derailment of a Canadian National Railway Co. train carrying petroleum products and toxic material in a rural area in Saskatchewan yesterday. While there were still flames...
Success of Ebola Lawsuits in Texas Would Have Long Odds
Oct 7 2014 // Potential suits against the Dallas, Texas, hospital that sent home a patient later diagnosed with Ebola face long odds in the face of state medical malpractice laws. Texas tort-reform measures have made it one of the...
Ex-U.S. Security Chief Ridge, Guy Carpenter, Lloyd’s Launch Cyber Policy
Oct 7 2014 // Reinsurance specialist Guy Carpenter & Co. is launching a new cyber privacy and network protection product with Ridge Insurance Solutions Co., a new Lloyd’s managing agency led by Tom Ridge, former U.S. secretary...
Supreme Court Agenda Includes Key Business Cases
Oct 7 2014 // Gay marriage may be the most anticipated issue heading for the U.S. Supreme Court, but the justices also must tackle a host of business cases as they convene for their new term, including a patent battle involving Teva...
Willis’ Ryan Joins Marsh As Gaming Practice Leader
Oct 7 2014 // Insurance broker Marsh has named Christian Ryan, a real estate, gaming and hospitality insurance broker, as its U.S. Gaming Practice leader. Christian Ryan Ryan joins Marsh from Willis North America where he has spent the...
NYC’s Waldorf Astoria to Be Biggest Chinese Real Estate Purchase in U.S.
Oct 7 2014 // New York City’s Waldorf Astoria hotel is set to become the biggest prize yet for buyers from China who have been pouring money into U.S. real estate as they seek stable investments outside their...
Ex-Treasurer Paulson Defends AIG’s Harsh Loan Terms
Oct 6 2014 // American International Group Inc. received harsher terms than other financial institutions in the 2008 financial crisis because regulators needed to send a message to markets that government help would cost them, Henry...
Marijuana Report: Federal Government’s Role
Oct 6 2014 // Editor’s Note: This is the fourth in a series of articles on the the marijuana insurance industry to appear on InsuranceJournal.com. Upcoming stories will include regional reports on how medical marijuana is...
P/C Insurers’ Net Income Rose, Operating Income Fell in First Half
Oct 6 2014 // U.S. property/casualty insurers’ net income rose $1.6 billion to $26.0 billion in first-half of 2014 while pretax operating income fell $1.9 billion to $23.9 billion in first-half 2014, a decrease driven by lower...
BP Still Trying to Undo Some Oil Spill Claims Payments to Nonprofits
Oct 6 2014 // BP Plc is seeking to undo payments to some victims of the 2010 Gulf of Mexico spill in a move opposing lawyers warn could open the floodgates to challenging hundreds of thousands of individual damage-claim awards. BP,...
Hilton to Sell NYC’s Waldorf Astoria to China’s Anbang Insurance for $1.95B
Oct 6 2014 // Hilton Worldwide Holdings Inc., the world’s largest publicly traded hotel operator, agreed to sell the landmark Waldorf Astoria hotel in Manhattan to China’s Anbang Insurance Group Co. for $1.95 billion. Hilton...
MetLife Challenges Systemic Risk Designation
Oct 6 2014 // MetLife Inc., the largest U.S. life insurer, is challenging a U.S. finding that it poses a potential risk to the financial system if it were to fail. MetLife requested a hearing before the Financial Stability Oversight...
My New Markets
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Knowing Clean Technology Customers
Oct 6 2014 // In the next 10 years, the clean technology market is expected to increase by more than 60 percent to nearly $400 billion worldwide, according to Clean Edge’s Clean Energy Trends 2014 Report – creating an enormous...
