Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Supreme Court Sides with Chevron in Blocking Ecuador Pollution Liability Judgment
Jun 21 2017 // The U.S. Supreme Court on Monday handed a victory to Chevron Corp. by preventing Ecuadorean villagers and their American lawyer from trying to collect on an $8.65 billion pollution judgment issued against the oil company...
$6 Million Invested in New U.S. Wholesale Broker XPT Led by Veterans Ruggieri, Smith
Jun 20 2017 // London-based private equity firm B.P. Marsh & Partners has invested $6 million in a startup New York-based specialty lines insurance distributor that is headed by several well-known wholesale insurance executives. The...
U.S. Sen. Schumer Pushes for Heroin Combat Teams in New York
Jun 20 2017 // U.S. Sen. Charles Schumer is calling for federal help in the fight against opioid addiction in New York. Schumer is asking the Drug Enforcement Agency to provide the state with one of four special heroin enforcement teams...
Supreme Court Declines to Hear ‘Dancing Baby’ Copyright Case
Jun 20 2017 // The U.S. Supreme Court on Monday declined to hear a closely watched copyright dispute known as the “dancing baby” case over a company’s move to take down a home video posted online showing a toddler...
Cunningham Lindsey Names Daniel as U.S. COO
Jun 19 2017 // Cunningham Lindsey, a global loss adjusting and risk management services company, has appointed Larry “Dan” Daniel as chief operating officer (COO) of its U.S. loss adjusting business. He is based in...
How Advertising Spend, Underwriting Results Relate to Auto Insurers’ New Business Yield: J.D. Power
Jun 19 2017 // Insurers with the strongest new business yield rates also have strong combined ratios in personal auto in the J.D. Power 2017 U.S. Insurance Shopping Study. We define new business yield rates as the proportion of...
Easing Regulations, Speed of New Infrastructure Projects Raises Concerns for Underwriters
Jun 19 2017 // We’re going to cut a lot of red tape,” President Trump said at a CEO town hall meeting as he unrolled a long, colorful flow chart showing the process required for a state government to obtain the federal...
U.S. P/C Insurance Industry Keeps Quiet on Trump Exit from Paris Climate Accord
Jun 19 2017 // The U.S. property/casualty insurance industry, which has been facing rising claims bills for extreme weather events, mostly reacted with silence to President Donald Trump’s decision to withdraw the country from the...
Growing Number of Municipal Suits Over Opioids Face Uphill Battle
Jun 19 2017 // A growing number of U.S. states, counties and cities are filing lawsuits accusing drug companies of deceptively marketing opioid painkillers to downplay their addictiveness. But some lawyers say the industry’s highly...
People
Jun 19 2017 // Insurance Agents & Brokers (IA&B), a Mechanicsburg, Penn.-based professional trade association, will have a new president and CEO at the helm beginning in January 2018. Deputy CEO and Counsel Jason Ernest will take...
Takata Bankruptcy Filing Could Happen Next Week in Japan
Jun 16 2017 // Takata Corp. plans to file for bankruptcy as soon as next week, paving the way for a sale of the 84-year-old Japanese air-bag maker behind the biggest safety recall in automotive history. The supplier is expected to seek...
Arkansas’ G4S Youth Services Hit with Pay Discrimination Lawsuit
Jun 15 2017 // G4S Youth Services, a former manager of programs and services at a juvenile correction and detention facility in Alexander, Ark., violated federal law by paying a female facility investigator less than it paid the male...
Anbang Says New York’s Waldorf Astoria Condo Conversion Proceeding Normally
Jun 15 2017 // The conversion of New York’s landmark Waldorf Astoria hotel into luxury condominiums is moving forward as planned and no delays are anticipated after the property’s owner, China’s Anbang Insurance Group...
Insurers Adapt Terrorism Policies with Loss of Attraction, Violent Acts, Other Coverages
Jun 15 2017 // The changing nature of attacks in Western cities has led insurers to offer new policies, from straightforward cover for business lost due to police cordons to more risky compensation for declines in tourism. Terrorism...
Hamptons Tainted Water Lawsuit Adds to Roster of 3M Complaints
Jun 14 2017 // A stone’s throw from the white sand beaches and posh mansions of one of America’s wealthiest ZIP codes sits a community that homeowners say has been poisoned by polluted drinking water. Fifteen people in a...
Senators in Drive to Remove Regulatory Roadblocks for Driverless Cars
Jun 14 2017 // A bipartisan trio of U.S. senators said on Tuesday they planned to introduce legislation to remove regulatory roadblocks to the introduction of self-driving cars, including sorting out conflicts between state and federal...
220,000 Dutch, English Consumers Sue VW Over Diesel Fraud
Jun 14 2017 // Around 220,000 car drivers in the Netherlands, England and Wales joined forces on Tuesday in what could become a pan-European lawsuit against German carmaker Volkswagen seeking compensation over its...
States Study Tobacco Lawsuit Tactics for Fight Over Opioid Costs
Jun 14 2017 // State and local leaders fighting a worsening opioid abuse epidemic are studying tactics used in the tobacco lawsuits of the 1990s, as they try to claw back billions from the companies who make and sell the powerful...
Anbang Insurance’s $30 Billion in Acquisitions Draw Scrutiny to Its Finances
Jun 14 2017 // Founded as a provincial auto insurer, Anbang Insurance burst from obscurity with a $2 billion bid for New York’s Waldorf-Astoria Hotel in 2014, casting the company and its ambitious chairman as flagbearers for a new...
Chairman Wu of China’s Anbang Insurance ‘Unable to Fulfill Duties’
Jun 14 2017 // Anbang Insurance Group, one of China’s most aggressive buyers of overseas assets, said on Wednesday its chairman was temporarily unable to fulfill his duties, just over a week after denying reports he had been barred...
