Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Washington LNG Blast Spotlights Natural Gas Safety
Apr 7 2014 // An unexplained blast this week at a liquefied natural gas (LNG) facility in rural Washington state, which injured workers, forced an evacuation and raised alarm about a potentially large second explosion, could focus...
New York DFS Becoming ‘National Player’ Among Insurance, Banking Regulators
Apr 7 2014 // On a June morning in 2012, New York bank examiners paid surprise visits to the offices of Ocwen Financial Corp., the biggest non-bank mortgage servicer. That break with tradition — examiners typically set up...
Credit Bureau Experian Facing Litigation, State Probes Over Data Breach
Apr 7 2014 // Experian Plc is enmeshed in litigation over its 2012 purchase of the assets of data firm Court Ventures, which is at the center of a breach that exposed some 200 million American Social Security numbers to...
Malaysian Plane Tragedy Increases Pressure for Plane Tracking after MH370
Apr 6 2014 // Four weeks into the hunt for MH370, pressure is building for better ways of tracking aircraft as regulators wrestle with the Malaysian jet’s disappearance armed with only minimal information on the fate of its 227...
All Target Data Breach Cases to Be Heard in Minnesota
Apr 4 2014 // The U.S. Judicial Panel on Multidistrict Litigation ordered that the many lawsuits that accuse Target Corp. of failing to protect customers from a data breach will be consolidated in the retailer’s home state...
GM Submits Ignition Recall Documents to Safety Agency
Apr 4 2014 // General Motors Co. said it has submitted most of the answers that U.S. safety regulators sought from the automaker about a defective ignition switch linked to at least 13 deaths. In response to the National Highway Traffic...
Allied World U.S. Launches Coverage for Liability, Expenses of Privacy Breach
Apr 3 2014 // Allied World U.S. has launched Privacy//403 SRVS, a Specified Response Vendor Solution (SRVS) policy to provide coverage for liability and expenses associated with the compromise of sensitive information and information...
U.S. Approves JPMorgan Release of Funds to Sanctioned Russian Insurer
Apr 3 2014 // JPMorgan Chase & Co. is unfreezing a money transfer from a Russian embassy in Central Asia to an insurer linked to U.S.-sanctioned bank after getting a go-ahead from regulators. “Following consultation with our...
Fitch Sees Growth, Profitability Continuing for U.S. Commercial Lines
Apr 3 2014 // Fitch Ratings said it maintains a stable rating outlook for the U.S. commercial lines sector due to improving profitability over the past two years and strong capital levels allowing insurers to withstand considerable...
Alibaba’s Grand Vision for E-Commerce Empire Includes Insurance
Apr 3 2014 // Alibaba, the world’s biggest e-commerce company, changed how China shops. Now the man driving its blockbuster U.S. stock sale wants to transform the rest of the country’s services industry, adding new users to...
U.S. Charges California Utility Over Pipeline Explosion That Killed 8
Apr 2 2014 // PG&E Corp., owner of California’s largest utility, was charged with 12 pipeline safety violations by the U.S. government for a 2010 natural gas explosion that killed eight people in San Bruno, California. The...
GM CEO Barra Has Few Answers on What Went Wrong
Apr 2 2014 // General Motors Co CEO Mary Barra on Tuesday called her company’s slow response to faulty ignition switches linked to at least 13 deaths “unacceptable,” but could not give U.S. lawmakers many answers as to...
Torus CEO Dermot O’Donohoe on the Insurer’s Future Prospects
Apr 2 2014 // When Torus Insurance was founded by first Reserve, headed by Clive Tobin in 2008, the worst effects of the financial crisis were just beginning to bite, but they bit pretty hard. The company, although well run, and...
GM Hires Feinberg to Handle Recall; CEO Barra Testifies Before Congress
Apr 1 2014 // General Motors Co. has retained Kenneth Feinberg, who supervised claims funds after the BP Plc oil spill and other calamities, as a consultant to explore options for families of accident victims whose vehicles are being...
Hourihan Named President of AIG Private Client Group, U.S. and Canada
Apr 1 2014 // Jerry Hourihan has been named president of American International Group’s (AIG) Private Client Group for the U.S. and Canada. He will report to Ralph Mucerino, CEO of Consumer Regional, Americas. Hourihan will be a...
President and CEO of CIG in Western U.S. To Retire
Apr 1 2014 // Monterey, Calif.-based Capital Insurance Group President and Chief Executive Officer Peter Cazzolla announced he will retire from Capital Insurance Group. Cazzolla’s retirement is to be effective at the end of the...
Federal Judge in Pittsburgh Orders $1.54B Payout in Marvell Patent Verdict
Apr 1 2014 // A federal judge ordered Marvell Technology Group Ltd to pay nearly $1.54 billion for infringing two hard disk drive patents held by Carnegie Mellon University, nearly one-third more than a jury had previously awarded. In a...
Reinsurers Spared from Large Cat Losses in 1Q: Fitch
Apr 1 2014 // Reinsurers will report solid underwriting profitability for the first quarter of 2014 as catastrophe loss events were limited. According to Fitch Ratings, global reinsurers’ results are expected to be in line with...
Supreme Court Justices Signal Radical Change in Software Patents Unlikely
Apr 1 2014 // U.S. Supreme Court justices stepped gingerly into a raging debate over computer software on Monday, voicing concerns about vaguely defined patents but signaling they would avoid any radical change to existing law. This may...
Judge Cuts Billionaire Koch’s $12M Award in Fake Wine Case to $1M
Mar 31 2014 // Billionaire William Koch’s $12 million damages award in a lawsuit accusing a fellow wine collector of selling counterfeit Bordeaux was reduced by a U.S. judge to a little less than $1 million. The punitive damages a...
