Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Republicans Question Labor Board on McDonald’s Franchise Liability Case
Sep 18 2014 // Two Republican lawmakers on Wednesday asked a U.S. labor agency for more information about a recent finding that fast-food chain McDonald’s Corp. could be held liable for the labor practices of franchisees, a view...
$3M Auto Insurance Fraud Scheme in Texas Leads to Prison Time
Sep 17 2014 // Two Bryan, Texas, men have been sentenced for their roles in a scheme that authorities say defrauded insurance companies of more than $3 million. Earlie Dickerson, a former office manager, was sentenced in Houston federal...
U.S. Grant to Help Tennessee Reduce Worker Misclassification
Sep 17 2014 // Tennessee has received a $499,000 federal grant for efforts to stop worker misclassification. According to the U.S. Department of Labor, the money will help Tennessee’s unemployment insurance tax programs identify...
Export-Import Bank Short-Term Extension Looking Likely
Sep 17 2014 // The U.S. Export-Import Bank is likely to have its charter renewed through mid-2015 this week, even though lawmakers in both parties said on Tuesday they see the extension as a second-best solution. Most Republicans said...
Catlin’s COO Explains Group’s Focus on Relevance with Clients to Drive Growth
Sep 17 2014 // The Catlin Group’s roots go deep into the Lloyd’s market where it was formed 30 years ago. But Catlin has since become one of the most innovative companies in the global insurance hierarchy with offices in more...
Arizonans Face Second Tropical Threat in Two Weeks
Sep 16 2014 // A week ago, Hurricane Norbert pumped tropical moisture across the U.S. Southwest, touching off record rainfall in Phoenix and Tucson that killed at least two people, flooded hundreds of homes and shut highways throughout...
BP Hopes Missing Comma Triggers $750 Million Transocean Spill Insurance
Sep 16 2014 // BP Plc, which already has paid more than $28 billion for the 2010 Gulf of Mexico oil spill, seeks to get a $750 million chunk of that back by convincing a Texas court that a missing comma may give the oil company access to...
N.J. Sen. Menendez Urges FEMA to Reform NFIP’s Claims Process
Sep 12 2014 // Following up on issues that were raised at the July 30 hearing on post-Sandy flood insurance claims, U.S. Sen. Robert Menendez (D-N.J.) sent a letter on Wednesday, Sept. 10, to Federal Emergency Management Agency’s...
XL Group, Munich Re, New Energy Risk Provide Insurance for Fuel Cell Project
Sep 12 2014 // XL Group’s Complex Accounts unit, Munich Re’s Green Tech Solutions team, and consultants New Energy Risk (NER), have teamed up to deliver a performance insurance policy for a portfolio of fuel cell servers...
California Drivers Lose $44B Over Worn-Out Roads Cost, Report Says
Sep 12 2014 // California’s worn-out, congested roads and bridges are costing drivers $44 billion a year, a report released today shows. Higher vehicle operating costs, congestion-related delays and traffic accidents cost $2,458...
U.S. Treasury Eyes Hedge Funds’ Use of Low-Tax Bermuda Reinsurers
Sep 12 2014 // The U.S. Treasury Department said it’s considering ways to end a “loophole” that allows hedge- fund managers to avoid taxes by routing their investments through an insurance company in low-tax countries...
Court Denies Players’ Appeal of NFL Concussion Claims Deal
Sep 12 2014 // A group of retired National Football League players can’t appeal a judge’s preliminary approval of a $765 million settlement of concussion claims with the NFL they say excludes compensation for future...
ACE Launches Global Primary Casualty Unit for U.S., Canadian Multinational Companies
Sep 11 2014 // ACE has launched a new division that consolidates its U.S. and global casualty offerings to create ACE Risk Management Global Casualty. The division will provide more efficient underwriting and servicing for large...
Former NECC Supervisor Pleads Not Guilty in 2012 Meningitis Case
Sep 11 2014 // A Boston-area pharmacist pleaded not guilty to a charge stemming from the deadly 2012 U.S. meningitis outbreak, a week after he was arrested attempting to board a flight to Hong Kong. Glenn Chin, who was a supervisor at...
Accountants to Face Malpractice Claims in Alabama’s Colonial Bancorp Failure
Sep 11 2014 // Accounting firms PricewaterhouseCoopers and Crowe Horwath must face a lawsuit accusing them of professional malpractice and breach of contract for not catching a fraud that led to the 2009 collapse of Colonial Bank, a...
The State of Obesity in U.S.
Sep 11 2014 // After decades of rising obesity rates among adults, the rate of increase is beginning to slow, but rates remain far too high and disparities persist, according to a new report. Adult obesity rates increased in six states...
Reinsurance Alternative Capital Now 20% of Cat Market: Aon Benfield ILS Report
Sep 11 2014 // Alternative capital has captured approximately a 20 percent market share of property catastrophe reinsurance volume. That news came our of Aon Benfield Securities, which issued its annual report on the insurance-linked...
Japanese Specialty Reinsurer Canopius Expands U.S. Footprint
Sep 10 2014 // Canopius Group Limited, the global specialty (re)insurance platform of Sompo Japan Nipponkoa Holdings Inc., said it is expanding its U.S. presence with the launch of Canopius Underwriting Agency Inc. (CUAI). Based in New...
States Ranked by Risk of Damage from Natural Hazards: CoreLogic
Sep 10 2014 // Florida, Rhode Island, Louisiana, California and Massachusetts are the top 5 states for exposure to multiple natural hazards, according to an analysis by CoreLogic, a property data and analytics firm. Michigan, West...
Liberty International Adds 8 Underwriters to U.S. Excess Casualty Unit
Sep 10 2014 // Global specialty insurer Liberty International Underwriters (LIU), part of Liberty Mutual Insurance Group, has added eight underwriters to its U.S. Excess Casualty Division. “Our new staff brings added skill and...
