Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
ING to End Majority Stake in U.S. Business in $1.2 Billion Sale
Mar 19 2014 // ING Groep NV, the biggest Dutch financial-services company, will end its majority stake in its U.S. insurance unit with another share sale as it winds down ownership of the business. The parent plans to sell 26.5 million...
Solvency II, Not TRIA, Shaping Up as Year’s Hottest Debate
Mar 18 2014 // Ever since Congress last renewed the program in 2007, I’ve expected that reauthorizing the Terrorism Risk Insurance Act (TRIA) would dominate Washington’s insurance debate in late 2014. I’m not so sure...
U.S. SEAL Team Seizes Tanker Carrying Oil from Libya Rebel Port
Mar 18 2014 // U.S. Special Forces seized a tanker that fled with a cargo of oil from a Libyan port controlled by anti-government rebels, halting their attempt to sell crude on the global market. Gunmen demanding regional autonomy and a...
Prices for Ohio Auto, Home Insurance Below U.S. Average
Mar 17 2014 // An Ohio insurance industry trade association says homeowner and auto insurance costs for most Ohioans remain below the U.S. average. The Ohio Insurance Institute released a report saying Ohio has the sixth lowest average...
New Orleans Man Pleads Guilty to Arson, Insurance Fraud
Mar 17 2014 // A resident of New Orleans, La., is awaiting sentencing after pleading guilty to multiple arson-for-insurance fraud schemes Anthony R. Thomas had been charged with multiple criminal counts for his involvement in a 2007...
Former Oklahoma Police Officer Sentenced in Auto Insurance Scam
Mar 17 2014 // A former police officer has been sentenced to serve 10 days of weekend imprisonment and three years of supervised probation in an auto insurance fraud case, according to Sanford C. Coats, U.S. Attorney for the Western...
Judge Orders Tennessee to Honor 3 Out-of-State Gay Marriages
Mar 17 2014 // A federal judge ordered the state of Tennessee on Friday to recognize the marriages of three same-sex couples while their lawsuit against the state works its way through the court system. U.S. District Judge Aleta Trauger...
Private Crop Insurers Win As Taxpayers Lose in New Farm Program, Say Critics
Mar 17 2014 // U.S. farmers last week finalized their crop insurance plans for spring planting with critics of the government-subsidized program saying insurers are set up for a bonanza after passage of the new five-year farm bill last...
MAPFRE Details Future Plans – U.S. Expansion, Increased Operating Revenue
Mar 17 2014 // Spanish insurance group MAPFRE’s Chairman and CEO, Antonio Huertas, referred to the strategic objectives for the next three years, as he announced the highlights at its Annual General Meeting. The group forecast...
Lawsuit Filed Against General Motors Over Ignition-Switch Recall Losses
Mar 16 2014 // General Motors Co. was sued on behalf of vehicle owners over an ignition flaw in some small- model cars as it faces regulators’ questions about this year’s recall of 1.6 million vehicles. Bob Hilliard, one of...
DVIC Names Tuccy as Regional Director
Mar 14 2014 // Disabled Veterans Insurance Careers, which helps disabled U.S. veterans by providing training and employment in the insurance industry, has named Philip L. Tuccy as a regional director. Tuccy owns Insurance Group...
Florida Supreme Court Throws Out Medical Damages Caps Law
Mar 14 2014 // The Florida Supreme Court has ruled that the state’s caps on noneconomic damages in medical malpractice wrongful death cases violate the state Constitution’s equal protection clause. The 5-2 opinion held that...
Investigators Focus on ‘Deliberate Diversion’ of Missing Plane – Sources
Mar 14 2014 // An investigation into the disappearance of a Malaysia Airlines jetliner is focusing more on a suspicion the flight was deliberately diverted, as evidence suggests it was last headed out over the Andaman Islands, sources...
Judge Rejects BP Bid to Shut Down Gulf Spill Payments
Mar 11 2014 // BP Plc’s bid to temporarily halt payments under its $9.2 billion oil-spill settlement so that heightened accounting and fraud safeguards can be established was rejected by a federal judge in New Orleans. U.S....
Insurers Urge Lawmakers Not to Impose Bank Capital Requirements on Industry
Mar 11 2014 // Insurance companies will urge U.S. lawmakers today to stop the Federal Reserve from imposing bank- like capital standards on their industry. A provision of the 2010 Dodd-Frank Act that overhauled U.S. financial regulation...
Since Newtown Shooting, 15 States Have Strengthened Gun Controls
Mar 11 2014 // Fifteen states plus the District of Columbia strengthened their gun control laws in the year following the Newtown school shooting, accounting for roughly half (44 percent) of the U.S. population. Also, a history of any...
PCI Provides NCOIL List of ‘Key Elements’ on International Issues
Mar 10 2014 // “The National Conference of Insurance Legislators (NCOIL) took positive steps this weekend during its spring meeting outlining key areas where state legislators and regulators can impact the international dialogue on...
Rescuers Scour Sea for Malaysian Airliner Lost in ‘Unprecedented Mystery’
Mar 10 2014 // The disappearance of a Malaysian jetliner is an “unprecedented aviation mystery”, a senior official said on Monday, with a massive air and sea search now in its third day failing to find any confirmed trace of...
Judge’s Refusal to Fine Drone Operator Seen Spur to More Commercial Flying
Mar 10 2014 // A judge overturned a U.S. regulator’s first fine against a drone operator, a ruling that may lead to more commercial unmanned-aircraft flights in the U.S. before rules are written to govern their use. Judge Patrick...
Carriers Committed to D&O Segment
Mar 10 2014 // Several turbulent years of increased claims, more regulation and additional oversight of directors and officers have not deterred carriers from the directors and officers (D&O) liability segment. As more carriers beef...
