Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Some Gulf Energy Production Halted by Storm Gordon
Sep 5 2018 // Three more oil producers pulled employees out of Tropical Storm Gordon’s path, and companies cut 9 percent of U.S. Gulf of Mexico oil and gas production on Tuesday as the storm churned toward an expected nighttime...
Merrill Lynch Reverses Broker Fiduciary Rule Policy
Sep 5 2018 // Bank of America Corp.’s wealth management arm Merrill Lynch is reintroducing brokerage capabilities to its retirement accounts, reversing a policy put in place to comply with Obama-era regulation. In response to...
JPMorgan Settles Black Advisers’ Job Bias Lawsuit for $24 Million
Sep 5 2018 // As racial diversity tumbles on Wall Street, JPMorgan Chase & Co. has reached a settlement with financial advisers who say they were treated poorly because they’re black. Six current and former employees at the...
Update: Tropical Storm Gordon Weakens as It Makes Landfall
Sep 4 2018 // Tropical Storm Gordon weakened after making landfall just west of the Alabama-Mississippi border and lashing the U.S. Gulf Coast with high winds and heavy rain early on Wednesday, the U.S. National Hurricane Center (NHC)...
State Farm Agrees to Pay $250 Million, Avoids Racketeering Trial
Sep 4 2018 // State Farm agreed to pay $250 million on the brink of a trial to customers who claimed the company tried to rig the Illinois justice system to wipe out a $1 billion jury verdict from 19 years ago. The customers were...
Former Postal Worker Charged in N.Y. for Falsely Obtaining $160K in Disability Benefits
Sep 4 2018 // A former motor vehicle operator for the United States Postal Service (USPS) has been charged with making false statements to obtain federal employees’ compensation, according to a complaint unsealed in federal court...
Prudential Joins Direct-to-Consumer Movement
Sep 4 2018 // Prudential is going straight to consumers with its insurance and investment products for the first time in its 143-year history, a move that follows rivals and startups which are already well established in the field. The...
Trireme Insurance Group Announces Acquisition of MGB Insurance Brokers Limited
Sep 4 2018 // London, UK, September 4, 2018—Trireme Insurance Group, the international subsidiary of U.S. Risk Insurance Group, LLC, is pleased to announce that it has acquired MGB Insurance Brokers Limited (MGB). MGB will operate...
Tropical Storm Gordon to Become Hurricane, Strike Gulf Coast Tuesday; Flood Damage Expected
Sep 3 2018 // Tropical Storm Gordon will grow into a hurricane as it grazes offshore natural gas and oil fields, where it has already sparked evacuations, before coming ashore over the lower Mississippi Valley later on Tuesday or early...
New York Approves AXA Acquisition of XL Group
Sep 3 2018 // France’s AXA Group moved a step closer to closing on its acquisition of XL Group as Nw York insurance regulators have given their approval of the deal. New York’s Department of Financial Services (DFS) on...
15 Emerging Risks Worth Watching That Are Not Cyber
Sep 3 2018 // When insurance experts are asked what they see as the most important emerging risk for the property/casualty insurance industry, their consensus is cyber in some form. While cyber obviously poses tremendous risks, some...
Insurer Downgrades Jumped in 2018 But Were Still Outnumbered by Upgrades: A.M. Best
Sep 3 2018 // Catastrophic weather events in 2017 helped spur an increase in rating downgrades for the U.S. property/casualty (P/C) industry during the first half of 2018, according to an A.M. Best report. But the report also notes that...
Former Illinois Insurance Broker Sentenced to Prison, Must Repay Nearly $1M
Sep 3 2018 // The former owner of multiple property/casualty insurance operations in northern Illinois has been sentenced to more than four years in prison and ordered to pay nearly $1 million in restitution for insurance fraud. U.S....
Prosecutors: Possible Negligence in Missouri Duck Boat Sinking
Aug 31 2018 // The U.S. Coast Guard has found probable cause that the sinking of a tourist boat on a Missouri lake last month that killed 17 people “resulted from the misconduct, negligence, or inattention to the duties” by...
ILS Issuance in H1 Tops $7B, Reflecting Capital Markets’ Re/Insurance Appetite: Swiss Re
Aug 31 2018 // The first half of 2018 aptly demonstrated that the insurance-linked securities (ILS) market has an undiminished appetite to provide re/insurance protection – despite last year’s expensive insured natural...
Justice Department Supports Case Alleging Harvard Bias in Admissions
Aug 31 2018 // The U.S. Justice Department on Thursday backed a lawsuit accusing Harvard University of discriminating against Asian-American applicants, throwing its support behind a case that could impact the use of race-based college...
Calm August No Guarantee of Hurricane-Free September
Aug 31 2018 // Where are all the big Atlantic storms? A year ago, Hurricane Harvey made landfall in Texas, kicking off a parade of destructive storms that made 2017 the costliest Atlantic season ever. So far in 2018, the region has been...
Court Asked to Force EPA Reversal of Monsanto Weedkiller Approval
Aug 31 2018 // Environmental groups argued in federal appeals court on Wednesday the U.S. Environmental Protection Agency failed to analyze the risks Bayer AG Monsanto’s dicamba-based weed killer posed to nearby crops before...
Judge Says FEMA Can End Motel Payments for Hurricane Maria Evacuees
Aug 30 2018 // A federal judge on Thursday rejected a request to block the U.S. government from cutting off aid to hundreds of Puerto Rican families who fled the hurricane-ravaged island in 2017 and are living in hotels and motels across...
Santander Bank Settles Auto Finance, Insurance Claims
Aug 30 2018 // A unit of European lender Banco Santander SA has agreed to settle claims by a U.S. consumer watchdog that it misled drivers about the costs of loans and the coverage of related insurance policies, said three people with...
