Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Big Banks Win Dismissal of Most LIBOR Rate Rigging Claims
Mar 31 2013 // The world’s biggest banks won a major victory on Friday when a U.S. judge dismissed a “substantial portion” of the claims in private lawsuits accusing them of rigging global benchmark interest rates. The...
10 Things to Know About Home and Auto
Mar 29 2013 // There are more than 132 million housing units in the United States, more than 80 million of which are detached, single-family homes, and roughly one-in-four of those homes were built prior to the 1970s. (U.S. Census...
Supreme Court Case Has Tax, Benefits Implications for Married Gay Couples
Mar 29 2013 // If the U.S. Supreme Court strikes down a federal law defining marriage as between a man and woman, the newfound rights for gay married couples may bear something not so welcome – a bigger tax burden. That’s...
The Hartford Expands Construction Group
Mar 28 2013 // The Hartford has enhanced its Construction Group capabilities by bring together its underwriting, claims management and loss control facilities and adding construction underwriters in key markets across the U.S. These...
Wal-Mart Considers Entering ‘Sharing Economy’ with Customer Delivery Plan
Mar 28 2013 // Wal-Mart Stores Inc. is considering a radical plan to have store customers deliver packages to online buyers, a new twist on speedier delivery services that the company hopes will enable it to better compete with...
P/C Mergers Down in 2012 But Private Equity Still Favored Brokers: Conning
Mar 28 2013 // Amounting to just $4.7 billion in aggregate deal value, the 46 merger and acquisition transactions announced in the property/casualty insurance sector in 2012 were near record low levels, according to the latest annual...
Supreme Court Deals Another Blow to Class Actions with Comcast Decision
Mar 27 2013 // The U.S. Supreme Court on Wednesday ruled in favor of Comcast Corp. in an antitrust case over how much it charged cable TV subscribers, further curtailing the ability of people to pursue class action lawsuits. In a 5-4...
Insurance Covered Half of U.S. Disaster Costs in 2012: Swiss Re
Mar 27 2013 // Natural catastrophes and man-made disasters caused $186 billion in economic losses globally in 2012 and took approximately 14,000 lives, according to global insurer Swiss Re’s latest sigma study. The United States...
Obamacare to Hike Some, Lower Other Individual Health Premiums: Sebelius
Mar 27 2013 // President Barack Obama’s top healthcare adviser acknowledged on Tuesday that costs could rise in the individual health insurance market, particularly for men and younger people, because of the landmark 2010...
Protective Life in Lead for AXA US Insurance Assets – Sources
Mar 27 2013 // U.S. insurer Protective Life Insurance is the leading candidate to buy some of AXA SA’s U.S. life insurance assets in a deal that could be valued at around $1 billion, according to two people familiar with the...
Emerging Powers China, Brazil Move Closer to Non-Dollar Trade Pact
Mar 27 2013 // China and Brazil agreed on Tuesday to swap up to the equivalent of $30 billion in each other’s currencies if need be so that their fast-growing commercial ties will not suffer if a new banking crisis causes dollar...
Swiss Re Study for 2012 Losses: $77 Bn Insured; $186 Bn Economic
Mar 27 2013 // Swiss Re has released its latest sigma study, which found that economic losses from natural catastrophes and man-made disasters reached $186 billion in 2012. Insured losses amounted to $77 billion, making 2012 the third...
ACE Launches Borderless International Pollution Liability Coverage
Mar 26 2013 // ACE USA, the U.S.-based retail operations of the ACE Group, has introduced a foreign casualty pollution liability coverage endorsement. This new endorsement provides a limited pollution coverage extension in conjunction...
Bankers to Be Held Personally Liable for Sanctions Violations: U.S. Treasury
Mar 26 2013 // The U.S. Treasury Department plans to hold bankers personally responsible and subject them to fines when their banks help countries such as Iran evade economic sanctions. The shift is in line with recently declared...
SEC Approves Nasdaq Deal for Facebook IPO But Lawsuits Could Follow
Mar 26 2013 // U.S. regulators approved Nasdaq OMX Group’s $62 million compensation plan for firms that lost money in Facebook Inc.’s glitch-ridden market debut, a victory for the exchange operator that also set the stage for...
Evacuation Saved Lives, Says Transocean Deepwater Horizon Safety Officer
Mar 26 2013 // The officer in charge of safety on Transocean’s Deepwater Horizon drilling rig, destroyed in a BP well accident that caused the worst-ever U.S. offshore oil spill, said the post-blowout fire was too big to fight and...
France Threatens to Delay Quick Start of EU-U.S. Trade Talks
Mar 26 2013 // France threatened on Monday to delay the swift start of EU-U.S. trade talks if its red lines on culture and farm produce are not respected. Brussels and Washington hope to start negotiations in June on a transatlantic...
AIG Introduces Risk Financing Option for U.S. Casualty Clients
Mar 25 2013 // American International Group, Inc. (AIG) has launched Collateral Flex Option (CFO), a new risk financing option for companies with large deductible casualty insurance programs in the U.S. CFO provides an alternative for...
Crowded U.S. Coastal Areas to Get Even More Crowded: NOAA
Mar 25 2013 // If current population trends continue, the already-crowded U.S. coast will see population grow from 123 million people to nearly 134 million people by 2020, putting more of the population at increased risk from extreme...
Washington Weighs First Abortion Insurance Mandate In US
Mar 25 2013 // In 1970, Washington became the first – and remains the only – state in the country to legalize elective abortions by a popular vote. A generation later, and 40 years removed from the landmark United States Supreme...
