Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Insurance Pros in Politics: Midwest Politicians Work as Insurance Advocates
Sep 10 2013 // Those who have worked in the insurance industry and now practice politics in the Midwest say they are able to provide valuable insight into policies and insurance laws that affect their state’s important industries...
Insurance Pros in Politics: Georgia’s Kingston Brought His CPCU to Congress
Sep 10 2013 // Jack Kingston is U.S. Representative for the First Congressional District of Georgia, which encompasses 17 counties in Southeast Georgia including the entirety of the state’s coastline. He has represented the...
Manufacturer to Pay $1.3M in Penalties, Fines for Worker Death in South Dakota
Sep 10 2013 // Federal officials announced that Adams Thermal Systems Inc. has agreed to pay more than $1.33 million to resolve criminal penalties and fines in a prosecution agreement with the U.S. Attorney’s Office and the U.S....
Appeals Court Rules Against Louisiana Abortion Providers in Liability Case
Sep 10 2013 // A federal appeals court has ruled that a group of Louisiana abortion providers lack the standing to challenge part of a 1997 law that can make them liable for damage caused by an abortion procedure and denies them access...
Rebel Claimants in BP Spill Settlement Get Expedited Hearing
Sep 9 2013 // A U.S. appeals court will hold an expedited hearing for a small group of claimants in a Gulf spill settlement with BP Plc, with oral arguments set for the week of Nov. 4, the court said on Friday. BP’s settlement...
Florida Tobacco Ruling Applies in Federal Cases, Court Says
Sep 9 2013 // Reynolds American Inc.’s R.J. Reynolds Tobacco unit lost its bid to overturn jury verdicts over smoking-related deaths after arguing that federal courts shouldn’t apply a ruling by the Florida Supreme Court...
Bank of America, Merrill Settle Gender Bias Claims for $39M
Sep 9 2013 // Bank of America Corp. agreed to pay $39 million to settle a gender bias lawsuit by female brokers who claimed they were paid less than men and deprived of handling their fair share of lucrative accounts, court papers made...
G20 Vows to Coordinate Financial Services Regulations
Sep 9 2013 // World leaders renewed their determination on Friday to work more closely and regulate across the financial system to avoid conflicting rules that would crimp economic growth. The Group of 20 nations (G20) ended a summit in...
Crop Insurance: A Growing Problem in Time of Record Farm Profits
Sep 9 2013 // A Depression-era program intended to save the nation’s farmers from ruin has grown into a 21st- century crutch enabling affluent growers and financial institutions to thrive at U.S. taxpayer expense. Federal crop...
Premium Increases Under Obamacare Not as High as Expected: Study
Sep 9 2013 // The federal Affordable Care Act will not lead to widespread premium increases in the individual health insurance market. That’s according to a new analysis of 10 states and the United States overall by RAND Corp.,...
Product Safety Recalls Generating Greater Insurance Risks
Sep 9 2013 // Consumer product safety recalls in the United States have escalated significantly in recent years, up 61 percent since 2007, according to the U.S. Consumer Product Safety Commission (CPSC). Financial disaster can result...
Workers’ Compensation Market: Challenges Remain Despite Recent Improvements
Sep 9 2013 // The market for workers’ compensation insurance is in a recovery phase of the underwriting cycle after several years of poor results. In particular, premium rates continued to increase meaningfully through the first...
Probe Clears BP Oil Spill Claims Chief But Finds Staff Misconduct
Sep 8 2013 // An investigation led by former FBI Director Louis Freeh cleared the BP claims administrator of misconduct in handling settlement payouts from the 2010 oil spill in the Gulf of Mexico on Friday, but found some of his staff...
Investors in $7B Stanford Swindle Start Getting Payouts
Sep 6 2013 // Investors in a $7 billion Ponzi scheme orchestrated by convicted ex-Texas tycoon R. Allen Stanford have begun getting back some of what they lost after a recovery process that has dragged on for more than 4 1/2...
Study Finds Big Disparities in What Insurers Pay Hospitals in Same Cities
Sep 6 2013 // Kansas City, Missouri, and Indianapolis residents with private health plans face some of the widest disparities in U.S. hospital costs, often being charged twice as much as nearby facilities, a study found. The...
U.S. Reinsurance Sector’s Profit Jumps 32% to $4.76B for 2013 First Half
Sep 5 2013 // The Reinsurance Association of America (RAA)’s latest survey shows a group of 18 U.S. property/casualty reinsurers posted $4.756 billion net income in aggregate for the first six months of 2013 — an increase of...
How U.S. Consumers Feel About Usage-Based Auto Insurance
Sep 5 2013 // U.S. drivers are open to purchasing usage-based auto insurance (UBI) policies, or “pay as you drive” insurance, and are even more interested when told their premiums would go down, according to a...
Military Contractor KBR Seeks Immunity from Soldiers’ Toxic Exposure Claims
Sep 5 2013 // KBR Inc. is invoking federal laws shielding contractors during wartime in an effort to avoid a Texas trial over injuries claimed by troops who were exposed to toxic chemicals while guarding a work site in Iraq. KBR argued...
Chubb’s Lloyd’s Syndicate Announces Cyber Security Offering
Sep 5 2013 // Chubb’s London office announced the availability of cyber security insurance through its Lloyd’s Syndicate, Chubb 1882. It is “based on Chubb’s successful US offering, the product combines...
XL Group Assembles Crisis Management Team in U.S.
Sep 4 2013 // XL Group has added a crisis management team to provide corporate clients in the U.S. with product recall, war, terrorism and political violence, kidnap, ransom, and extortion insurance. Led by Denise Balan in New York, the...
