Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
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...
Self-Driving Cars Could Be on U.S. Roads by 2020
Sep 4 2013 // Cars that drive themselves could be on U.S. roads by the end of this decade. But don’t take your foot off the pedal just yet. Automakers, universities and others are at various stages in the development of autonomous...
Willis Report Finds Many Firms Silent on Cyber Risk
Sep 4 2013 // Fortune 1,000 firms in the health care, technology and insurance sectors top the list of industry groups most concerned about cyber threats, but many public companies still appear to be avoiding seriously addressing the...
S&P Says Federal $5B Fraud Lawsuit ‘Retaliation’ for U.S. Downgrade
Sep 4 2013 // Standard & Poor’s said on Tuesday the U.S. government filed a $5 billion fraud lawsuit against it in “retaliation” for its 2011 decision to strip the country of its “AAA” credit...
Aspen US Names DiBattista as SVP of Excess Casualty
Sep 3 2013 // Aspen US Insurance in New York has named Jude DiBattista as senior vice president and chief underwriting officer for Excess Casualty. DiBattista has 20 years of industry experience in property/casualty lines, most recently...
Obamacare Supporters Decry Republicans’ Moves on Health Navigators
Sep 3 2013 // Supporters of the U.S. health-care overhaul are criticizing a House panel’s scrutiny of nonprofit groups set to help enroll people in new insurance plans, saying it’s part of a Republican effort to impede the...
Gulf, Atlantic Coasts Appear Safe from 3 Tropical Storms
Sep 3 2013 // Three potential tropical systems stretch across the Atlantic from Mexico’s Yucatan Peninsula to Africa’s west coast, though none is expected to become a major threat this week, forecasters said. The westernmost...
Tough-to-Kill New York Buses Drive Through U.S. Law’s Loopholes
Sep 3 2013 // Outside New York’s Winter Garden Theatre, where “Mamma Mia” is nearing the end of a 13-year Broadway run, unwitting tourists board a bus bearing the name of a company U.S. regulators tried to close two...
DeGraide Named to DVIC Strategic Board
Sep 3 2013 // Fort Myers, FL, 9/3/13 – Disabled Veterans Insurance Careers, dedicated to helping disabled U.S. veterans by providing new opportunities for training and employment in the insurance industry, announces the election of...
Premium Increases Under Obamacare Are Exaggerated, Rand Says
Aug 30 2013 // Predictions of sharp increases in health-insurance premiums for people getting coverage under the U.S. Affordable Care Act have been overstated and many states will see little to no change, researchers at Rand Corp....
G20 Urges U.S. to Centralize Insurance Regulation
Aug 29 2013 // The United States could improve how it spots and prevents risks in the financial system from turning into destabilizing crises, a global regulatory task force said on Tuesday. The Financial Stability Board (FSB) said the...
Court Reverses OK for BP to Access Transocean Insurance to Pay Oil Spill Costs
Aug 29 2013 // A U.S. appeals court withdrew its decision finding BP Plc had access to $750 million in Transocean Ltd.’s insurance to pay costs of the 2010 oil spill, to ask the Texas Supreme Court a question on coverage. The U.S....
Top New York Court to Decide Whether Towns Can Ban Fracking
Aug 29 2013 // New York’s highest court agreed to decide whether towns and cities have the power to pass anti-fracking laws. The Court of Appeals in Albany today said it will hear arguments in lawsuits seeking to block drilling...
Arkansas Homeowners Settle Suit Charging Fracking Wastewater Caused Quakes
Aug 29 2013 // Five Arkansas residents who sued two oil companies claiming wastewater disposal wells from fracking caused earthquakes that damaged their homes settled with the companies for an undisclosed sum on Aug. 28, according to...
Blackstone Settles IPO Disclosure Lawsuit for $85 Million
Aug 29 2013 // Blackstone Group LP reached an $85 million settlement with investors over claims it made misrepresentations about its initial public offering. A U.S. appeals court in 2011 reversed the dismissal of a proposed class-action...
TD Bank Profit Falls 10% on Weather Insurance Costs
Aug 29 2013 // Toronto-Dominion Bank’s quarterly profit fell 10 percent as Canada’s No. 2 lender took C$418 million in insurance-related charges, but the result topped estimates and the bank hiked its dividend by 5...
Cyber Alert: Syria, Aided by Iran, Could Retaliate Against More U.S. Companies
Aug 28 2013 // If the United States attacks Syria, it will be the first time it strikes a country that is capable of waging retaliatory cyberspace attacks on American targets. The risk is heightened by Syria’s alliance with Iran,...
Merrill Lynch Reaches $160 Million Settlement in Black Advisers’ Bias Suit
Aug 28 2013 // Bank of America Corp.’s Merrill Lynch unit agreed to pay $160 million to settle a discrimination lawsuit filed by black financial advisers, a lawyer for the plaintiffs said. The case, filed in 2005, was brought on...
