Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
NCAA Offers $70 Million to Settle Sports Concussion Suits
Jul 29 2014 // The National Collegiate Athletic Association would provide $70 million for concussion testing and diagnosis of current and former NCAA athletes as a part of an agreement to settle claims in several head-injury-related...
Ohio-Based Company to Resolve Asbestos Claims for $797M
Jul 28 2014 // RPM International Inc., whose bankrupt Bondex and Specialty Products units may have faced liabilities of more than $1 billion, said it tentatively settled asbestos claims for $797.5 million. The money, allocated over a...
Judge Upholds Florida Law Curbing Doctors’ Gun Speech with Patients
Jul 28 2014 // A Florida law restricting what doctors can tell patients about gun ownership was deemed to be constitutional by a federal appeals court, which said it legitimately regulates professional conduct and doesn’t violate...
Hackers Pose High Terror Threat to U.S., Says 9/11 Panel
Jul 28 2014 // The terrorist threat against the U.S. remains dangerous 10 years after the 9/11 Commission issued its first report — only now the risk is greater online. In a report issued last week, panel members who studied the...
COMMENT: Time to be Afraid – Preparing for the Next Big Solar Storm: Kemp
Jul 28 2014 // The probability of a solar storm striking Earth in the next decade with enough force to do serious damage to electricity networks could be as high as 12 percent, according to solar scientists. One such storm erupted from...
Judge Approves NCAA’s $60 Million Video Game Settlement
Jul 25 2014 // The National Collegiate Athletic Association and Electronic Arts Inc. won a judge’s preliminary approval of $60 million in settlements of athletes’ claims that their images were used in video games without...
Canada Transport Board Welcomes U.S. Oil-by-Rail Ideas; Warns Dangers Remain
Jul 25 2014 // The Transportation Safety Board of Canada on Thursday welcomed proposed U.S. regulations for oil-by-rail tankers, but cautioned of the persistent danger until tank cars built before 2011 stop carrying oil and other...
Ascent Increases U.S. Medical Billings E&O Limits, Adds Reputational Harm Cover
Jul 24 2014 // Ascent Underwriting, a managing general agent (MGA) specializing in emerging and professional risks, has enhanced its CyberPro medical billings errors and omissions product and increased limit availability to $5...
Supreme Court Could Get Obamacare Subsidies Question
Jul 23 2014 // The U.S. Supreme Court may not be done with Obamacare yet. With appellate courts reaching opposite conclusions on the same day about a crucial financing provision of the 2010 law, a third showdown before the justices is...
Insured Global Disaster Losses in First Half Reached $22B: Aon Benfield
Jul 23 2014 // Insured losses from global natural disasters during the six-month period ending June 30, 2014 reached $22 billion. That compares to $27 billion in the first half of 2013 and is approximately 19 percent below the 10-year...
Court Rules Mississippi Casino Not Liable for Death of Drunk Patron
Jul 23 2014 // A federal appeals court has declined to allow the family of Bryan Lee Glenn to pursue a wrongful death lawsuit that alleges a Biloxi, Mississippi, casino kept serving drinks to the man while he was drunk. Glenn, 30,...
MetLife Designation as Systemically Important Expected Soon
Jul 23 2014 // A U.S. council of regulators is poised to label MetLife Inc. a potential threat to the financial system, subjecting the insurer to oversight by the Federal Reserve, two people with knowledge of the matter said. A decision...
U.S. Risk Names Jonathan Hagan an Underwriter for the Dallas Commercial Underwriting Division of U.S. Risk Underwriters, Inc.
Jul 23 2014 // Dallas, TX – July 23, 2014 – U.S. Risk Insurance Group, Inc. (www.usrisk.com), the eighth largest managing general agency and surplus lines wholesaler in the nation, announced that it has named Jonathan Hagan an...
Financial Firms Want More Time to Review U.S. Consumer Complaint Proposal
Jul 23 2014 // The federal government is proposing a new policy that would allow consumers to publicly post their complaints about consumer financial products and services. Under the proposal by the Consumer Financial Protection Bureau...
Same Day, Different Court Obamacare Subsidies Upheld
Jul 22 2014 // Two U.S. appeals courts reached opposite conclusions on the legality of a key financing provision of the Affordable Care Act, increasing the chance of another showdown at the Supreme Court over President Barack...
Court Orders Travelers to Pay $500M in Johns-Manville Asbestos Claims
Jul 22 2014 // A federal appeals court on Tuesday ordered Travelers Cos. Inc. to pay more than $500 million to satisfy asbestos-related claims stemming from the insurer’s coverage of insulation maker Johns-Manville Corp., a...
Court Rules Against Obamacare Subsidies for Federal Exchange Insureds
Jul 22 2014 // President Barack Obama’s healthcare overhaul suffered a potentially crippling blow as a U.S. appeals court ruled the government can’t give financial assistance to anyone buying coverage on the insurance...
CGS&C’s New MGA Targets U.S. Healthcare Industry with Lloyd’s
Jul 22 2014 // Wholesale insurance broker Cooper Gay Swett & Crawford (CGSC) has launched an underwriting management agency specializing in the healthcare industry. The new venture, Pro-Praxis Insurance, will be led by Robert Allen...
Will BNP Deal Expand Whistleblower Protections in Banking, Insurance?
Jul 22 2014 // BNP Paribas SA’s $9 billion settlement with U.S. authorities, aided by internal whistleblowers, has spurred calls for federal banking regulators to protect and reward individuals who report wrongdoing by banks. The...
Rep. Hensarling Blasts Export-Import Bank As ‘Special Privilege’
Jul 22 2014 // A Republican House committee chairman scolded Boeing Co. and a large U.S. trade group on Monday for lobbying to keep the Export-Import Bank alive, saying their efforts amounted to petitioning for “special...
