Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
U.S. Sen. Toomey Cites Pennsylvania Residents Losing Health Insurance
Nov 8 2013 // U.S. Sen. Pat Toomey said thousands of Pennsylvanians are contacting his office with complaints about losing their health insurance because of the federal overhaul, while state insurance regulators put the number of people...
Nevada Mine Pollution Deal Brings Residents $19.5M
Nov 8 2013 // Rural neighbors of an abandoned World War II-era copper mine that has leaked toxic chemicals in northern Nevada for decades have won up to a $19.5 million settlement from companies they accused of covering up the...
Federal Safety Regulators Criticized for Missing Bus Safety Hazards
Nov 8 2013 // U.S. bus regulators are overlooking or not catching serious safety hazards before fatal crashes and need to change their auditing practices, the National Transportation Safety Board said. The U.S. Federal Motor Carrier...
Endurance Specialty Names CEO of U.S. Insurance Division
Nov 7 2013 // Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property/casualty insurance and reinsurance, announced Douglas Worman will join the company on Nov. 11 as executive vice president and chief...
AIG Settles Dispute Over Real Estate Executive Pay for $274M
Nov 7 2013 // American International Group Inc. has agreed to settle a $274 million lawsuit by a former executive who said the insurer refused to pay him during the financial crisis in 2008. The settlement came as a trial was due to...
Insurers’ Annual Incurred A&E Losses Rose 12% in 2012: A.M. Best
Nov 6 2013 // While generally not a material drag on the U.S. property/casualty industry’s earnings, industry losses from asbestos and environmental (A&E) claims resumed an upward climb in 2012, according to a new A.M. Best...
ING to Speed up Reorganization after Revised Deal with EU
Nov 6 2013 // ING Groep NV, the biggest Dutch financial-services company, will complete its reorganization two years earlier than planned after winning regulators’ permission to combine its Japanese insurance unit with European...
PLUS Conference: Global Risks, Governance and Hypocrisy
Nov 5 2013 // America’s European allies are being hypocritical in their complaints about the U.S. spying on them because they all have their own surveillance programs, according to two former top officials in the Clinton...
U.S. Regulator Unveils New Insurance Fee Guidelines
Nov 5 2013 // A U.S. housing regulator said on Tuesday that it would ban some fees and commissions that borrowers are compelled to pay when their own home insurance coverage lapses. The Federal Housing Finance Agency said it was aiming...
Morgan Stanley Says AIG May Sue Over Mortgage Investments
Nov 5 2013 // Morgan Stanley, the sixth-largest U.S. bank by assets, said it may be sued by American International Group Inc. over mortgage-backed securities that the insurer bought before the financial crisis. AIG purchased $3.7...
A Wary Supreme Court Allows Facebook’s $9.5M Privacy Settlement
Nov 5 2013 // The U.S. Supreme Court on Monday let stand Facebook Inc.’s $9.5 million class action settlement over allegations the social networking company’s defunct “Beacon” service violated its members’...
Judge Dismisses Suit Against Bank of America For Not Disclosing AIG Claims
Nov 4 2013 // Bank of America Corp. has won the dismissal of an unusual lawsuit in which shareholders accused it of concealing a $10 billion fraud case brought by American International Group Inc. In a decision made public on Monday,...
IICF Northeast Announces Featured Speakers for Year-End Fundraising Dinner
Nov 4 2013 // The Insurance Industry Charitable Foundation (IICF) Northeast division announced three featured speakers who will be accepting grants for charities at its fundraising dinner on Wednesday Dec. 11, 2013 in New York City. The...
BP Oil Spill Settlement Opponents Ask Court to Rescind Approval
Nov 4 2013 // Opponents of BP Plc’s $9.2 billion partial settlement of private-party claims from the 2010 Gulf of Mexico oil spill are set to ask a U.S. appeals court to reverse a judge’s approval of the agreement. The...
Courts Split Over Health Care Law Birth Control Coverage Mandate
Nov 4 2013 // A requirement of President Barack Obama’s health care law that group insurance plans cover contraceptives may violate religious freedom, a U.S. appeals court said, widening a split among the circuits and making it...
U.S. Says Japan Signing Liability Pact Would Aid Nuclear Cleanup
Nov 4 2013 // Japan will receive international help with the cleanup at the Fukushima atomic station once it joins an existing treaty that defines liability for accidents at nuclear plants, U.S. Energy Secretary Ernest Moniz said. The...
Third Quarter Activity Picks Up Pace
Nov 4 2013 // After a sluggish start to the year, merger and acquisition (M&A) activity gained some momentum in the third quarter. With 55 transactions announced from July to September, the third quarter comprised 42 percent of the...
10 Things to Know About Habitational and Dwelling Risks
Nov 4 2013 // Sales of new single-family houses reached a seasonally adjusted annual rate of 421,000 in August, 7.9 percent above the revised July 2013 estimate of 390,000. (U.S. Census Bureau) There were roughly 24,400 completions of...
Business Moves
Nov 4 2013 // Aspen Re Bermuda-based Aspen Reinsurance, the reinsurance segment of Aspen Insurance Holdings Ltd., has formed Rock Re, a new dedicated brokered property facultative unit within its U.S. operation. Rock Re will build on...
Aon Benfield: U.S. Homeowners Market Offers Opportunities
Nov 4 2013 // U.S. homeowners insurance is showing significant growth opportunities, says a new report from Aon Benfield, a reinsurance intermediary and capital advisor of Aon plc. The report, titled “Homeowners ROE Outlook: 2013...
