Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
U.S. House Strikes Down Republican Farm Bill
Jun 21 2013 // Republican budget-cutters joined Democratic defenders of food stamps on Thursday to deal a shocking defeat to the $500 billion farm bill backed by Republican leaders in the House of Representatives, undermining hopes of...
Regulator Says U.S. Should Review Practices of ‘Patent Trolls’
Jun 21 2013 // The U.S. Federal Trade Commission should gather information about the business practices of “patent assertion entities,” known as patent trolls, to see whether they are hurting competition, the head of the...
Big Business the Winner in U.S. Supreme Court Class Actions
Jun 21 2013 // In a series of rulings this year, the U.S. Supreme Court has steered a consistent course against consumers or small businesses that want to bring class action lawsuits against corporate defendants. Comcast Corp, Whirlpool...
The Many Faces of Terrorism; an Expert’s Analysis from Aon Benfield
Jun 21 2013 // “The recent attacks in London, Paris and the Boston marathon bombing are evidence that terrorists are resorting to simpler tactics,” said Mark Lynch, the head of Political Risk Model Development at Aon...
Texas Tops U.S. in Number of Lost, Stolen Firearms
Jun 20 2013 // Federal authorities say Texas has far and away the largest number of firearms in the U.S. reported as lost or stolen. The Bureau of Alcohol, Tobacco, Firearms and Explosives issued a report this week showing there were...
Ebix, Goldman Sachs Terminate Merger Agreement Amid Probe
Jun 20 2013 // Ebix Inc., a supplier of software and E-commerce services to the insurance industry, announced that it and an affiliate of Goldman, Sachs & Co. have agreed to terminate their previously announced merger agreement. The...
Understanding Foreign Voluntary Workers’ Comp Policies
Jun 20 2013 // In spite of videoconferencing, social media and other new technologies, many businesses depend on their key executives and top sales people to travel overseas to meet with clients in person, to negotiate with foreign...
Ratings Roundup: Wind River, InnovAssur, Radius
Jun 20 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Bermuda-based Wind River Reinsurance Company, Ltd. and its U.S....
U.S. Regulators See No Need for Enhanced Insurer Capital
Jun 19 2013 // Insurers should not be forced to hold extra capital just because of their size, because the extra cost would simply be passed on to consumers, U.S. regulators said on Tuesday. G20 world leaders have backed imposing extra...
ACE Launches New Railroad Insurance Unit
Jun 19 2013 // ACE Westchester, the U.S.-based wholesale-focused insurance division of the ACE Group, has formed a new railroad underwriting unit. The new unit will deliver railroad liability insurance products and services through a new...
IPO-Seeking China Companies Pay More to Avoid Boards Going Naked
Jun 18 2013 // Stephen Markscheid holds one of the riskiest jobs in the world — or so say directors and officers liability insurers. The 59-year-old former banker, a Mandarin-speaking American, sits on the boards of five...
Analysts: Travelers/Dominion Deal Makes Sense, More U.S.-Canadian M&A May Follow
Jun 18 2013 // The Travelers Companies’ decision to acquire Dominion of Canada General Insurance, a unit of E-L Financial Corp., for $1.1 billion makes strategic sense, according to analysts. The acquisition now allows Travelers to...
Supreme Court to Review Airline Imunity
Jun 18 2013 // The U.S. Supreme Court agreed to use a case involving an Air Wisconsin pilot upset about losing his job to consider giving airlines broader immunity from lawsuits when they report potential security threats. The justices...
Banks Urge Cross-Selling Insurance, Loans to Wealthy But Brokers Resist
Jun 18 2013 // Scrambling to plug revenue holes created by crackdowns on credit card fees and falling brokerage commissions, big U.S. banks are pushing a strategy they’ve tried with limited success in the past – cross-selling...
Marsh’s U.S. Casualty Practice Leader to Join Victor O. Schinnerer as President
Jun 17 2013 // Chevy Chase, Md.-based underwriting manager Victor O. Schinnerer & Company Inc. has tapped senior Marsh executive Jonathan M. Zaffino to be its president.Jonathan M. ZaffinoThe position of president was previously...
EU, U.S. Leaders Launch Free-Trade Talks
Jun 17 2013 // The United States and the European Union launched negotiations for the world’s most ambitious free-trade deal on Monday, promising thousands of new jobs and accelerated growth on both sides of the Atlantic. Trade...
AIG Open to New ILFC Offer or IPO as China Group Deadline Extended
Jun 17 2013 // American International Group Inc. said it is open to new offers for its plane-leasing business and may pursue a public offering of the unit after a group of Chinese investors missed another deadline to buy the...
Judge Grants Toyota More Time to Win OK of $1.1 Billion Settlement
Jun 17 2013 // Toyota Motor Corp. and lawyers suing the company were given more time to win final approval of a $1.1 billion settlement of claims that recalls related to unintended acceleration hurt the value of U.S. customers’...
Survey: Nonprofits Unprepared, Under-Insured Against Risks
Jun 17 2013 // Crystal & Co., a worldwide risk and insurance advisor, has released the results of its Nonprofit Risk Survey, presenting a snapshot of risk awareness and exposure among U.S. nonprofit organizations, including human...
Insured Property Values in Coastal States Top $10 Trillion; Florida Has Most at Risk; Miami Ranks 2nd Among Metros
Jun 17 2013 // In separate reports AIR Worldwide and CoreLogic estimated insured property values in coastal areas of the United States reaching into the trillions of dollars. CoreLogic, focusing on residential properties exposed to storm...
