Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Ratings Recap: AXA U.S. Subs, Southern Farm, Iron Horse
Jun 9 2014 // A.M. Best has revised the issuer credit ratings (ICR) outlook to stable from negative and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and ICRs of “a+” of AXA Insurance Company...
U.S. Risk Pros Launches an Enhanced Professional Liability Program for Architects and Engineers, Construction Managers, and Design/Build Contractors
Jun 9 2014 // Dallas, TX – June 9, 2014 – U.S. Risk Insurance Group, Inc., the eighth largest managing general agency and surplus lines wholesaler in the nation, announced that U.S. Risk Pros, the Professional Liability...
Vermont AG Sues 2 Dozen U.S. Refiners Over Pollution
Jun 6 2014 // BP Plc, Chevron Corp. and Exxon Mobil Corp. are among two dozen U.S. refiners sued by Vermont Attorney General William Sorrell and accused of polluting the state’s groundwater with a gasoline additive. Sorrell filed...
London Taxis Try to Cut-Off Silicon Valley’s Uber Car Service
Jun 6 2014 // They have been the kings of the British capital’s roads for over a century but now the often opinionated drivers of London’s iconic black taxi cabs are battling a high-technology rival that threatens their...
Aon Benfield May Cat Report Highlights ‘Severe Weather’ in the U.S.
Jun 6 2014 // Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has released the latest edition of its monthly Global Catastrophe Recap report, which reviews the natural disaster perils that...
Court Ruling on Well Co-Ownership Could Cost BP, Anadarko Billions in Fines
Jun 5 2014 // BP Plc and Anadarko Petroleum Corp. could face billions of dollars in fines after an appeals court ruled they were automatically liable for pollution-law violations as co-owners of the well that blew out and started the...
GM Top Executives Did Not Know About Ignition Defect: WSJ on GM Internal Probe
Jun 5 2014 // An internal probe of General Motors Co.’s delay in recalling cars with defective ignition switches linked to at least 13 deaths is expected to conclude there was no concerted coverup and clear senior management of...
S&P Loses Bid to Keep 16 States’ Lawsuits Over Ratings in Federal Court
Jun 5 2014 // Standard & Poor’s suffered a defeat on Tuesday in litigation accusing it of issuing misleading credit ratings prior to the 2008 financial crisis, as a federal judge ruled that lawsuits by 16 U.S. states and...
EU Notes Its Success in Climate Change Goals as UN Talks Start
Jun 4 2014 // The European Union touted its success in cutting greenhouse gases at U.N. talks on climate change on Wednesday, where a U.S. plan to cut power plant emissions has lifted hopes for a global deal in 2015. An adviser to the...
Used Car Dealer Seeks Damages For Inventory of ‘Defective’ GM Vehicles
Jun 3 2014 // An independent used-car dealer in Arkansas is seeking compensation from General Motors Co. for being saddled with “highly dangerous vehicles” that include cars not yet recalled over ignition-switch...
Fed Adds Ex-Regulator to Oversee Systemic Risk Insurers
Jun 3 2014 // The U.S. Federal Reserve has hired a former state insurance commissioner to help it oversee non-bank financial firms that a council of regulators identified for tougher scrutiny last year. Thomas Sullivan, who led the...
Hurricane Forecast Upped By 1 Over Weaker El Nino
Jun 3 2014 // Colorado State University increased the number of storms it expects to develop during the Atlantic hurricane season to 10 from nine. The forecast calls for four of those to become hurricanes, one of them a major system,...
Supreme Court Limits Patent Claims in 2 Rulings
Jun 3 2014 // The U.S. Supreme Court ruled against patent holders in two cases, rejecting a legal theory used to sue technology companies and requiring patents to be written with more specific language. The rulings come in a Supreme...
MetLife Unwavering in Battle Over Systemic Risk Rules
Jun 3 2014 // Steven Kandarian got MetLife Inc. out of banking to escape Federal Reserve oversight. Now, the insurer is fighting again to avoid the central bank’s reach. Kandarian, MetLife’s chief executive officer, has...
Best Upgrades State Farm General’s ICR; Affirms State Farm and Subs FSR’s
Jun 2 2014 // A.M. Best has upgraded the issuer credit rating (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of State Farm General Insurance Company, and...
Pacific Ocean Is Key to Atlantic Hurricane Season
Jun 2 2014 // The Pacific Ocean holds one of the keys that forecasters say will determine how many hurricanes and tropical storms develop in the Atlantic this year. The size of the six-month storm season, which started June 1, may...
Professional Sports Teams Looking for Terrorism Insurance Win in Congress
Jun 2 2014 // Renewal of a U.S. terrorism insurance plan is gaining momentum in Congress, thanks to some big-league backing from a coalition that includes professional football, baseball, basketball and hockey leagues. The sports...
The Importance of Having an Integrated Services Solution
Jun 2 2014 // U.S. multinational businesses are increasingly seeking opportunities in new regions of the world, expanding outside of the United States and continental Europe into sub-Saharan Africa, Asia and Latin America. As their...
U.S. Report: Climate Change Here, Deal With It
Jun 2 2014 // Climate change is in the here and now, according to a massive new report. The White House’s National Climate Assessment report is part of President Barack Obama’s effort to prepare the nation for the impacts of...
Conn. Governor Defends State-Led Insurance Regulation
Jun 2 2014 // Connecticut Gov. Dannel P. Malloy recently told a crowd of U.S. and international regulators that when it comes to insurance regulation, states are “here are stay” and that the states – not the federal...
