Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Surplus Lines Rate Hikes to Slow As Competition Grows
Oct 6 2014 // Two insurance rating entities see slowing rate increases for the surplus lines segment in the coming months as competition grows. Moody’s Investors Service said that the U.S. excess and surplus lines sector is...
Geithner Expected to Testify on AIG Bailout Rate
Oct 5 2014 // Federal regulators cut a “loan sharky” interest rate on an $85 billion bailout loan to American International Group Inc. because it contributed to a debt service problem that threatened the insurer’s...
U.S. Risk Pros and Western World Introduce a New and Improved Private and Non-Profit Organization Directors and Officers Liability Form
Oct 3 2014 // Dallas, TX, October 3, 2014– Effective October 1, 2014, this new form reflects the growing needs of organizations to address the issues confronting them in the 21st century. Coverage consists of Directors, Officers...
AIG Bailout Rushed Without Complete Documentation, Fed Lawyer Testifies
Oct 2 2014 // The Federal Reserve Bank of New York poured billions of dollars into rescuing American International Group Inc. in September 2008 without drawing up documents that would cement the government’s control of the giant...
Federal Judge in Oklahoma Rules Against Health Insurance Subsidies
Oct 2 2014 // Some of the health-insurance subsidies being offered under the Affordable Care Act represent an “abuse of discretion” by the federal government, a federal judge in Oklahoma ruled on Sept. 30, marking another...
80 People Being Monitored in Dallas Ebola Case
Oct 2 2014 // More than 80 people in Dallas are being monitored for symptoms of Ebola after coming into contact with patient Thomas Eric Duncan or others who Duncan had met, health officials said. The people have been asked to report to...
Employee Suit Against Edison Utility in California to Be Heard by Court
Oct 2 2014 // The U.S. Supreme Court on Thursday agreed to weigh whether to revive certain claims made in a class action lawsuit filed by employees against utility Edison International over its pension plan management. The nine justices...
CareRise Granted Third U.S. Patent for Nursing Facility Risk Management
Oct 2 2014 // The U.S. Patent Office has issued a third patent to Tim Goux, CEO of CareRise, a risk management company based in Mandeville, La. The patent further protects the company’s business method to reduce insurance claims...
Oil, Railroad Industries Oppose New Federal Oil Train Safety Rules
Oct 2 2014 // Proposed federal rules to make hauling crude oil by rail safer and avoid fiery wrecks would drive up costs and put the U.S. energy revival at risk, the head of an oil industry trade group said today. The American Petroleum...
Pacific Sees Storm Deja Vu as Atlantic Starts to Run Out of Time
Oct 2 2014 // Yet another tropical storm is budding in the Pacific south of Manzanillo, Mexico, while in the Atlantic the danger is fading, at least for the energy-producing areas of the Gulf of Mexico. Tropical Depression 19-E...
Fed Counsel Grilled on AIG’s Bailout Terms vs. Banks’
Oct 1 2014 // The Federal Reserve Board of Governors set an interest rate for American International Group Inc.’s 2008 bailout loan that was meant to prevent shareholders from reaping a “windfall,” the Fed’s top...
Goldman, JPMorgan CEOs Pursued Private Rescue for AIG
Oct 1 2014 // The heads of Goldman Sachs Group Inc. and JPMorgan Chase & Co. told federal regulators days ahead of the 2008 government bailout of American International Group Inc. that they were putting together a private rescue of...
Marijuana Insurance Industry: How High Can It Go?
Oct 1 2014 // Editor’s Note: This is the first in a series of articles on the the marijuana insurance industry to appear on InsuranceJournal.com. Upcoming stories will include reports on how medical marijuana could affect the...
Federal Reserve to Study Effect of Banks’ Systemic Risk Rules on Insurers
Oct 1 2014 // The U.S. Federal Reserve on Tuesday announced plans to study the potential effects of forcing big insurance companies to meet tough funding restrictions required by the 2010 Dodd-Frank law. The Wall Street oversight law...
Andy Weitz Joins Aon as SVP of Global Marketing & Communications
Sep 30 2014 // Aon plc announced that Andy Weitz, 37, will become senior vice president of global marketing and communications on October 1st. Weitz was most recently president and CEO of the U.S. region for Hill + Knowlton Strategies, a...
Employers Names Hulse Vice President, Western U.S. Sales
Sep 30 2014 // Reno, Nev.-based Employers has named Kimberly K. Hulse vice president of regional sales for its Western region. Hulse will be based out of EMPLOYERS’ headquarters in Reno, Nevada. She will work under the direction of...
Greenberg’s Lawyer Says U.S. Demonized, Extorted AIG Shareholders in Bailout
Sep 29 2014 // The U.S. extorted American International Group Inc. shareholders when it extended a $182 billion taxpayer bailout at the height of the 2008 financial crisis, a lawyer for Maurice “Hank” Greenberg...
Lawmakers Question the Adequacy of Traffic Control After Fire Halts Flights
Sep 29 2014 // The havoc created by a suicidal technician at a Chicago-area flight-control center has some lawmakers asking how a single person armed with gasoline and knives could bring down part of the U.S. air-traffic system. Damage...
U.S. Hospitals Face Risks in Ebola Virus Waste Disposal
Sep 29 2014 // U.S. hospitals may be unprepared to safely dispose of the infectious waste generated by any Ebola virus disease patient to arrive unannounced in the country, potentially putting the wider community at risk, biosafety...
‘Bond King’ Bill Gross Resigns From PIMCO, Joins Janus
Sep 29 2014 // Bill Gross, the bond market’s most renowned investor, quit PIMCO for distant rival Janus Capital Group Inc on Friday, the day before he was expected to be fired from the huge investment firm he co-founded more than...
