Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Concerned Bankers, Investors Warn Federal Reserve About Leveraged Credit Market
Nov 28 2018 // Bankers, executives and investors are warning Federal Reserve officials behind closed doors that record leveraged lending to companies from lightly-regulated corners of Wall Street could make any economic downturn harder...
Brewery Defeats Trademark Complaint by Conservative Icon Schlafly’s Heirs
Nov 27 2018 // Relatives of the late conservative activist Phyllis Schlafly on Monday lost their appeal to block a St. Louis, Missouri, craft brewery from trademarking the Schlafly name. In a 3-0 decision, the U.S. Federal Circuit Court...
CLO Fever: Small Insurer Bets Big on Booming Leveraged Loan Market
Nov 27 2018 // Advantage Insurance of San Juan, Puerto Rico, is no one’s idea of a financial colossus. But this little insurance company is making a giant bet on some of the hottest investments around: collateralized loan...
BHP Readies for Largest English Group Lawsuit over 2015 Brazil Mine Disaster
Nov 26 2018 // Mining giant BHP says it will fight an unprecedented English lawsuit filed by hundreds of thousands of Brazilians for multi-billion pound damages over Brazil’s worst environmental disaster. SPG Law, a British...
Report by 13 U.S. Agencies Warns of Dire Economic Effects from Climate Change
Nov 25 2018 // As California’s catastrophic wildfires recede and people rebuild after two hurricanes, a massive new federal report warns that these types of disasters are worsening in the United States because of global warming....
Judge Nixes U.S. Suit Against Malaysia Airlines, Insurer Allianz Over Plane Disappearance
Nov 25 2018 // A U.S. judge has dismissed nationwide litigation over the disappearance of Malaysia Airlines Flight MH370 in which victims’ families sought to hold the carrier, its insurer Allianz SE and Boeing Co. liable for the...
UK Companies’ Role in Alleged Danske Money Laundering a ‘Disgrace’: Whistleblower
Nov 21 2018 // British company structures which hide the identity of those behind them were branded a disgrace by the whistleblower who brought to light an alleged 200 billion euro ($228 billion) money laundering scandal involving Danske...
U.S. Senate Committee Holding Hearing on Massachusetts Natural Gas Incident
Nov 21 2018 // U.S. senators are holding a hearing in Lawrence, Mass., to review the response to the September natural gas explosions that rocked Merrimack Valley communities. The Senate Committee on Commerce, Science, and Transportation...
Judge Picks First Case for Trial in Federal Monsanto Weedkiller Litigation
Nov 21 2018 // A U.S. judge overseeing the federal litigation against Bayer AG’s Monsanto unit over glyphosate-based weed-killers allegedly causing cancer on Tuesday selected the first case to be tried in federal court in February...
Ironshore’s O’Brien Joins Ascot U.S. to Launch Environmental Business
Nov 20 2018 // Ascot has named environmental insurance veteran John O’Brien as executive vice president and head of Environmental. O’Brien will be responsible for launching an environmental liabilities and related specialty...
U.S. Court Affirms Dismissal of IPO Investors’ Claims Against Barclays
Nov 20 2018 // Barclays Plc is not liable to investors who bought its U.S.-listed stock a few months before the 2008 financial crisis and accused the British bank of hiding its risky debt exposure and a capital shortfall, a U.S. court...
Update: Danske Whistleblower Says U.S., European Banks Helped Launder Money
Nov 19 2018 // The whistleblower who revealed alleged money laundering involving Danske Bank said on Monday that a major European bank helped process up to $150 billion in suspicious payments, or nearly two-thirds of the transactions...
Explaining Danske Bank’s €200 Billion Money Laundering Scandal
Nov 19 2018 // Danske Bank has been caught up in one of the largest-ever money laundering scandals. Howard Wilkinson, the whistleblower who first alerted Denmark’s biggest bank to the problem, testified before the Danish parliament...
AFL Insurance Brokers Finds Cultural Fit with U.S. MGA Zodiac
Nov 19 2018 // AFL Insurance Brokers, the London-based Lloyd’s broker, was looking for an MGA platform in the United States and found the perfect partner when it purchased Zodiac Insurance Services, which specializes in...
Michigan Man Sentenced to Prison for Staged Auto Crash Fraud Scheme
Nov 16 2018 // A Michigan man who pled guilty to participating in a multi-state staged auto accident/insurance fraud scheme has been sentenced to prison, according to the United States Attorney’s Office. Marvin David Ramirez, 45,...
Deutsche Bank, BofA, JPM Drawn into Danske Money Laundering Probe: Sources
Nov 16 2018 // Deutsche Bank AG and Bank of America Corp. have been contacted by U.S. criminal investigators for information about transactions they handled for a small bank branch in Estonia that’s at the center of one of the...
Boeing Defends 737 Safety as First U.S. Lawsuit Filed Over Lion Air Crash
Nov 16 2018 // Boeing Co. has been sued in what may be the first U.S. claim tied to the crash of Lion Air Flight 610, which dove into the Java Sea after taking off from Jakarta Oct. 29. Irianto, the father of Dr. Rio Nanda Pratama, an...
Tokio Marine’s Sale of Reinsurance Units to Boost Operational Efficiency: Fitch
Nov 16 2018 // Tokio Marine Holdings Inc.’s (TMHD) sale of two European reinsurance subsidiaries is likely to streamline its holdings and boost operational efficiency in the group’s underwriting businesses, Fitch Ratings...
Kentucky Woman Gets 5 Years, Ordered to Pay $1.6M for Crop Insurance Fraud
Nov 16 2018 // A Kentucky woman was sentenced to five years in prison and ordered to pay $1.6 million in restitution for crop insurance fraud. The U.S. attorney’s office in Lexington said 63-year-old Debra Muse of the Wallingford...
Carbon Copies of Flo, Jake, Gecko Join Climate Change Protest at NAIC Meeting
Nov 15 2018 // An angry Flo, an unusually sullen Jake, a less-than cheeky Gecko and a hawkish duck stood outside the National Association of Insurance Commissioners meeting in San Francisco on Thursday in protest to call out the industry...
