Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Intact Acquires Illinois-Based Tokio Marine Highlands US Construction Division
Jun 17 2022 // Tokio Marine Kiln reached an agreement with Intact Insurance Group USA LLC for the sale of Tokio Marine Highland’s (TMH) US construction division. The transaction is subject to customary regulatory approvals and is...
Porsche to Pay $80 Million to Resolve Fuel Economy Claims on U.S. Vehicles
Jun 17 2022 // Volkswagen AG and its Porsche AG unit have agreed to a class-action settlement worth at least $80 million to resolve claims it skewed emissions and fuel economy data on 500,000 Porsche vehicles in the United States, court...
China’s Zero-COVID Policies Prompt U.S. Firms in Shanghai to Cut Forecasts: Survey
Jun 15 2022 // SHANGHAI – Over 90% of U.S. multinational firms surveyed by the American Chamber of Commerce (AmCham) in Shanghai have cut their annual revenue projections in the wake of the city’s grueling two-month lockdown, the...
Insurers Increasingly Concerned for Western U.S. Wildfire Season
Jun 14 2022 // As Western wildfires force evacuations in Arizona and California – on the heels of an early and severe wildfire season in New Mexico – insurers are increasingly eyeing the growing risks. “Insurers are very much...
Deutsche Bank Investors Can Sue in U.S. Over Epstein, Russian Oligarch Ties
Jun 14 2022 // A U.S. judge on Monday said shareholders can sue Deutsche Bank for allegedly hiding shortfalls in its internal controls while doing business with risky, ultra-rich clients like the sex offender Jeffrey Epstein and Russian...
Binance U.S. Exchange Sued by Crypto Investor Over Stablecoin Collapse
Jun 14 2022 // Binance U.S. and its CEO were sued on Monday by a U.S. investor who alleges the cryptocurrency exchange falsely marketed Terra USD as a safe asset ahead of the so-called stablecoin’s collapse in value last...
U.S. Agency Upgrades Tesla Autopilot Safety Probe, Step Before Possible Recall
Jun 10 2022 // The National Highway Traffic Safety Administration (NHTSA) on Thursday said it was upgrading its probe into 830,000 Tesla vehicles with its advanced driver assistance system Autopilot, a required step before it could seek...
Another Analysis Calls out Potential for Severe Wildfire Season in U.S. West
Jun 9 2022 // As the U.S. West heads into the hot, dry summer months, a growing number of indications point to a potentially bad wildfire season. In the past two months, two analyses have emerged from fire weather experts using words...
Concerned Scientists: Climate Ties U.S. Wildfires and Water Together in Many Ways
Jun 9 2022 // A provider of predictive data and analytics for climate risk and resilience is partnering with global environmental organization The Nature Conservancy to protect sensitive natural areas and provide estimates of future...
Generali Asset Management Unit Eyes Investments With U.S. Credit, Renewables’ Focus
Jun 9 2022 // Assicurazioni Generali SpA’s asset management unit intends to buy investment firms specialized in U.S. credit markets and renewable energy, as the Italian insurance giant seeks to win outside money beyond its...
Cybersecurity Groups Push US to Boost Collaboration on Hacks
Jun 8 2022 // Business leaders and cybersecurity experts are pushing the Biden administration to step up efforts to quell big hacks against US companies. In a joint statement June 7, several of the groups said a public-private...
House Committee to Hold Hearing on Soaring U.S. Traffic Deaths
Jun 8 2022 // A U.S. House of Representatives subcommittee on Wednesday is holding a hearing on soaring American traffic deaths and efforts to build safer roads. Last year, traffic deaths jumped 10.5% to 42,915 marking the highest...
U.S. Supreme Court Refuses to Hear COVID Business Interruption Case
Jun 8 2022 // The US Supreme Court decided Monday that it will not hear an appeal of a decision that denied coverage for losses caused by COVID-19 shutdown orders, effectively closing the last door for such claims in the federal court...
U.S. Senators Unveil Bill to Regulate Cryptocurrency
Jun 8 2022 // A bipartisan pair of U.S. senators unveiled a bill on Tuesday that would establish new rules for cryptocurrency, and hand the bulk of their oversight to the Commodity Futures Trading Commission (CFTC). The bill, introduced...
U.S. Supreme Court Denies Oklahoma Goodwill COVID Business-Interruption Suit
Jun 7 2022 // The U.S. Supreme Court on Monday denied a lawsuit from an Oklahoma Goodwill branch seeking coverage for COVID-19 business income loss. Goodwill Industries of Oklahoma had sought to appeal its lawsuit against Philadelphia...
People Moves: Hippo Names McCathron as CEO; M&A Insurance Platform io.insure Adds Staff for U.S.
Jun 7 2022 // McCathron Succeeds Founder Wand as CEO Home insurer Hippo reports it has appointed Richard McCathron as chief executive officer. McCathron has served on Hippo’s board of directors and as the company’s president...
U.S. Supreme Court Rules Southwest Airlines Cannot Force Wage Suit Into Arbitration
Jun 7 2022 // Southwest Airlines Co. cannot force a baggage handler’s class action lawsuit over overtime pay into private arbitration, the U.S. Supreme Court ruled on Monday in a decision with costly potential implications for...
U.S. Traffic Deaths Jump 10.5% in 2021 to Highest Number Since 2005
Jun 6 2022 // U.S. traffic deaths jumped 10.5% in 2021 to 42,915 — the highest number killed on American roads in a single year since 2005, U.S. regulators said in its preliminary estimate. The yearly increase is the highest...
Munich Re Issues Green Bond in U.S. Market — a First for European Insurer
Jun 6 2022 // Following its successful placement of green bonds in 2020 and 2021, Munich Re has sucessfully placed its first green subordinated bond in a private placement to qualified institutional buyers in the U.S. market. By issuing...
U.S. Nuclear Power Regulator Backs NuScale Design After Quake Safety Review
Jun 2 2022 // NuScale Power Corp.’s design for a new kind of nuclear reactor is adequate to protect the project from damage by earthquakes, staff at the U.S. nuclear power regulator said in documents seen by Reuters on...
