Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Airlines Shocked by Jet Attack; Ask Why No-Fly Zones Are So Rare
Jul 22 2014 // A universal no-fly area declared in eastern Ukraine after the downing of Malaysian Air Flight 17 is a rare restriction currently shared only with North Korea, prompting airlines including Deutsche Lufthansa AG to question...
Chinese Drywall Maker Ordered to Pay $55,000, Stop Doing Business in U.S.
Jul 22 2014 // A federal judge has ordered a China-based maker of drywall to pay $55,000 in penalties and attorney fees – and to stop doing business in the United States – as punishment for refusing to take part in court proceedings...
AIG Chairman Miller Comments on Corporate Tax Rate, Succession and BofA Deal
Jul 21 2014 // American International Group Inc. Chairman Steve Miller said lawmakers should bring U.S. corporate tax rates in line with other nations’ to halt firms from switching their legal address to cut obligations. The U.S....
Best Takes Rating Actions on AXA Financial, Certain Subsidiaries
Jul 21 2014 // A.M. Best has revised the outlook of the issuer credit ratings (ICR) to stable from negative and affirmed the ICR of “a-” and debt ratings of New York-based AXA Financial, Inc., and has revised its outlook on...
Best Affirms Allianz Global Risks US Insurance Co. & Subs Ratings
Jul 21 2014 // A.M. Best has affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit ratings of “aa-” of Allianz Global Risk US Insurance Company, Allianz Underwriters Insurance Company and...
University of Connecticut Pays $1.3M to Settle Sexual Discrimination Lawsuit
Jul 21 2014 // The University of Connecticut said it will pay a group of students almost $1.3 million to settle a sex discrimination suit filed last year that led to a hearing in the state legislature. The five current and former female...
Judge Declares Mistrial in $1B Trinity Guardrail Case
Jul 21 2014 // Trinity Industries Inc.’s courtroom defense of the safety of its highway guardrails prompted a federal judge to declare a mistrial because of “serious concerns” about a company witness’s...
Insurance Trade Agreements Are Good for Consumers and Markets
Jul 21 2014 // David SnyderYou can be sure critics are already getting ready to pounce on a preliminary draft of the financial services section of the Trade in Services Agreement (TiSA), invoking the usual rhetoric about the evils of...
Deal Analysis: Why Validus Is Buying Western World
Jul 21 2014 // The combination of Validus Holdings and Western World Insurance Group fills in “missing pieces” for both organizations, Validus’ chairman said in late June, detailing finer points of a $690 million deal...
Painkiller Prescribing Highest in South; Florida Reverses Trend
Jul 21 2014 // Health care providers in some states prescribe far more painkillers than those in other states, according to a new government report. Health care providers wrote 259 million prescriptions for opioid painkillers in 2012...
Lloyd’s Underwriters Find Success with U.S. Subsidiaries: SNL
Jul 21 2014 // Insurers Hiscox Ltd., Beazley Plc and Catlin Group Ltd. are reaping the benefits of the U.S. market, according to a report from SNL Financial. SNL data shows how the three companies with significant participation in the...
People – Southeast
Jul 21 2014 // Charleston, South Carolina-based managing general agency Johnson & Johnson has named Cathy Parmley as vice president of operations. As vice president of operations, she will supervise the company’s internal...
As America Overall Ages with Boomers, Energy States See Youth Boom
Jul 21 2014 // Seven states, including five in the Great Plains, saw their median age decline between 2012 and 2013, according to U.S. Census Bureau estimates. At the same time, the median age for the United States as a whole ticked up...
Energy Market Dynamics of Shifting Shale
Jul 21 2014 // The expansion of shale resource extraction encompasses several interrelated elements, including exploration risk, infrastructure project risk, and the risks associated with new or enlarged trade flows and the significant...
16 States Face High Risk of Earthquakes
Jul 20 2014 // Sixteen states are at high risk of damaging earthquakes over the next 50 years and certain areas of the United States face a higher threat of temblors than previously thought, a federal geological survey agency said. The...
Trucking Company Owner Pleads Guilty in Missouri to Cargo Theft Scheme
Jul 18 2014 // A Memphis, Tenn., business owner pleaded guilty in federal court to his role in a cargo theft scheme that included a theft in West Plains, Mo. Tammy Dickinson, United States Attorney for the Western District of Missouri,...
Mine Safety Agency Settles with 2 West Virginia Miners’ Widows
Jul 18 2014 // The U.S. Mine Safety and Health Administration has agreed to pay $1 million to settle a lawsuit over the deaths of two miners in a 2006 fire at an underground coal mine in West Virginia, according to court documents. Under...
Liberty Mutual Inks Reinsurance Deal with Berkshire’s National Indemnity
Jul 18 2014 // Liberty Mutual Insurance said it has reached a deal with National Indemnity Co. (NICO), a subsidiary of Berkshire Hathaway Inc., on a combined aggregate adverse development cover for substantially all of Liberty...
Malaysia Airlines Plane Crash Insurance May Pose Quandary
Jul 18 2014 // Insurance on the Malaysian airliner brought down over Ukraine on Thursday is likely to pay out relatively quickly, provided that the cause of the crash is firmly determined, but observers say the loss of of 295 lives...
New York AG Proposes Bill to Blunt Effect of Hobby Lobby Ruling
Jul 17 2014 // New York Attorney General Eric T. Schneiderman and the state’s Senate Democratic Conference Leader Andrea Stewart-Cousins said today they would propose legislation that would help to shield New York women from the...
