Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Fosun Said to Pursue Deal for Swiss Re’s Aurora in the U.S.
Aug 19 2014 // Fosun International Ltd., the investment arm of China’s biggest closely held conglomerate, is in talks to acquire a U.S. life insurance arm of Swiss Re Ltd., people with knowledge of the matter said. Fosun is seeking...
Tennessee-Based Community Health Reports 4.5M Records Hacked
Aug 19 2014 // Chinese hackers stole social security numbers, names and addresses from 4.5 million patients of Community Health Systems Inc., the second-biggest for-profit U.S. hospital chain, according to the company. The attacks...
QBE to Sell $750 Million in Shares, Some Assets as Profit Drops
Aug 19 2014 // QBE Insurance Group Ltd. plans to raise about $750 million in a share placement and sell assets including part of its lenders’ mortgage insurance business in Australia after reporting an 18 percent drop in...
China Investment Firm Fosun Buying Stake In Ironshore
Aug 18 2014 // An investment group from China will buy a big stake in in Ironshore Inc., a billion-dollar insurance holding company led by former AIG executives that filed plans for a $100 million IPO in June. Fosun International Ltd....
USI to Acquire 7 Willis Retail Brokerage Locations Across U.S.
Aug 18 2014 // USI Insurance Services announced it has entered into an agreement with certain subsidiaries of Willis North America Inc., part of Willis Group Holdings, to acquire seven of Willis’ retail insurance brokerage...
Probe of Washington Refinery Blast That Killed 7 Closed by Feds
Aug 18 2014 // The U.S. Justice Department said it will file no criminal charges following a four-year investigation into the April 2010 explosion that killed seven workers at the Tesoro Corp. refinery in Anacortes, Wash. The decision...
NAB Sees $410 Million in U.K. Charges in Annual Result
Aug 18 2014 // National Australia Bank Ltd., the nation’s largest lender by assets, will set aside more than £245 million ($410 million) in its full-year result for compensation related to U.K. insurance and hedging products. The...
IRC Examines States’ Uninsured Motorists Rates
Aug 18 2014 // A new report this month from the Insurance Research Council (IRC) showed a downward trend for the estimated percentage of uninsured motorists (UM) across the U.S. in 2010, 2011 and 2012. In the new study, “Uninsured...
Government Rescue Behind It, AIG Beefs Up Washington Lobbying Corps
Aug 17 2014 // Insurer American International Group is ramping up its lobbying team in Washington, almost six years after it halted such efforts following its rescue by the U.S. government during the financial crisis. Many large...
McMellin to Replace Sinfield as CEO of Catlin Group’s London Hub
Aug 15 2014 // Catlin Group Limited (CGL) announced that Andrew McMellin, currently CEO of the Group’s US underwriting hub, will become CEO of the London hub during the first half of 2015. The bulletin also explained that Paul...
Idaho Farmers Feeling Effect of Russian Ban on Ag Imports
Aug 13 2014 // Idaho farmers may feel a small sting from the new Russian ban on food and agricultural imports from the West. Russia was the 14th largest export market for Idaho agriculture as of last year, according to the Idaho...
House Republicans Not Planning to Address Export-Import Bank Reauthorization
Aug 12 2014 // Reauthorization of the U.S. Export-Import Bank was left off a list of items that the No. 2 Republican in the House of Representatives expects his party to take up in September, raising new questions about the bank’s...
XL Group’s Trade Receivables Insurance Team Grows in US and UK
Aug 12 2014 // XL Group announced that it is addressing “businesses’ growing interest in Trade Receivables Insurance (TRI),” with the addition of “underwriting resources with the appointments of Jennifer...
Government Action, Insurance, Software Product Liability Urged for Cyber Security
Aug 11 2014 // Alarmed by mounting cyber threats around the world and across industries, a growing number of security experts see aggressive government action as the best hope for averting disaster. Even though some experts are outraged...
Hurricane Julio Downgraded To Category 1 Storm As It Struck Hawaii
Aug 11 2014 // Hurricane Julio weakened Sunday night as it neared Hawaii, where a rural swath of the Big Island was still coping with power outages and downed trees in the wake of Tropical Storm Iselle. On the island of Kauai, rescuers...
Salmonella Testing Not Required by Food Safety Law, Georgia Jurors Told
Aug 11 2014 // Jurors at the nation’s first federal criminal trial stemming from a deadly outbreak of food-borne illness are learning a disconcerting fact: America’s food safety largely depends on the honor system. Witnesses...
Food Company Wins Religious Exemption from Contraception Benefit
Aug 11 2014 // Fresh Unlimited Inc. won’t have to provide contraceptive coverage for its employees under the Obama administration’s healthcare reform law, in what may be the first exemption granted since a June U.S. Supreme...
Hundreds of Oregon Households Told to Flee Wildfire
Aug 8 2014 // A new wildfire pushed by gusting winds threatens the small Columbia River Gorge community of Rowena, Ore., where residents of 275 homes had been told to evacuate. The fire made a run along the river in the evening on Aug....
U.S. Fire Prevention Budget Tapped to Fight Summer’s Wildfires
Aug 8 2014 // The U.S. Forest Service will soon have to scale back some projects designed to help prevent wildfires so that it can meet the expenses of fighting this summer’s round of fires. Agriculture Secretary Tom Vilsack said...
Hawaii Spared Hurricane As Iselle Weakens to Tropical Storm
Aug 8 2014 // Hawaii escaped its first hurricane strike in 22 years as Iselle was downgraded to a tropical storm just before making landfall at the Big Island. Iselle, bearing winds of 60 miles (96 kilometers) per hour, was 80 miles...
