Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Marsh Names South as President, US & Canada Unit; APAC, Middle East Realigned
Jul 25 2016 // Marsh announced that it has appointed Martin South as president, U.S. and Canada division, effective Sept. 1, 2016. South will report to John Doyle, president of Marsh, and will be based in Marsh’s New York office....
Ironshore Files for IPO in U.S. After A.M. Best Review of Parent Firm Fosun
Jul 25 2016 // Ironshore Inc., the insurer purchased by Chinese conglomerate Fosun International Ltd. last year, filed for an initial public offering in the U.S. after a ratings firm cited concerns about the parent firm’s financial...
Court Rejects Wal-Mart Shareholders’ Claim of Directors’ Liability for Mexican Bribes
Jul 25 2016 // Wal-Mart Stores Inc. executives and directors persuaded a federal appeals court on Friday to reject shareholder claims that they permitted and then covered up pervasive bribery by officials at the world’s largest...
Changing Political Risk Landscape: Religious Extremists, Cyberterrorism Cause Concerns
Jul 25 2016 // In a short period of time, the political risk market has experienced a significant shift in exposures, with new potential threats and different territories now threatened by attacks from religious extremists. Christof...
SLSOT’s Essary Intent on Using Data to Better Communicate with Stakeholders
Jul 25 2016 // Surplus lines may not be the most widely understood segment of the property/casualty insurance industry but for risk managers of large organizations it’s often the go-to market for complicated risks for which...
Growth Partners: Equity Firm Kohlberg Invests in Wholesaler U.S. Risk
Jul 25 2016 // Dallas-based international specialty lines underwriting manager and wholesale broker U.S. Risk Insurance Group Inc. has agreed to partner with the private equity firm, Kohlberg & Co. With capital and two board members...
Tennessee Commish McPeak Elected to Global Insurance Committee Leadership Post
Jul 25 2016 // Tennessee Department of Commerce & Insurance Commissioner (TDCI) Julie Mix McPeak has been elected by her fellow members of the International Association of Insurance Supervisors (IAIS) to serve as vice chair of the...
Texas Air Liquide Plant Cited for Workplace Safety Violations
Jul 22 2016 // Federal safety officials have cited Air Liquide Large Industries US LP for workplace health and safety violations at the company’s plant in Corpus Christi, Texas. The U.S. Department of Labor’s Occupational...
Utah ups Mosquito Monitoring Efforts in Wake of Zika Cases
Jul 22 2016 // Mosquito abatement teams in Salt Lake City are stepping up efforts to trap and test mosquitoes and kill larvae following the discovery of a unique Zika case that has health investigators trying to figure how the man got...
Most Litigation Over Corzine’s Failed MF Global Settled with $132M Deal
Jul 22 2016 // Jon Corzine has settled a lawsuit by the trustee for the former New Jersey governor’s company MF Global Holdings Ltd, as part of a $132 million accord to end much of the remaining litigation over the...
JPMorgan Must Face Discrimination Claim by Arab-American Family Business
Jul 22 2016 // An Arab-American family whose business and personal bank accounts were closed in 2014 without explanation can sue JPMorgan Chase for racial discrimination, a federal judge in Detroit has ruled. Filed in February, the...
Beazley to Get EU Licenses for Irish Reinsurance Business – After Brexit Vote
Jul 22 2016 // Lloyd’s of London’s Beazley Plc is working to get European insurance licenses for its Irish reinsurance business to allow it to operate throughout the European Union, even if Lloyd’s loses access to the...
Why Republicans’ Plan to Rebuild a Glass-Steagall Wall Is Bad Idea
Jul 21 2016 // One of the biggest surprises from the Republican convention so far has not taken place on its center stage. Yes, I’m talking about the party’s call in its 2016 platform to reinstate the Glass-Steagall law. This...
Enbridge, U.S. Reach $177M Settlement Over Pipeline Spill
Jul 21 2016 // Canadian pipeline operator Enbridge Inc. has agreed to pay $177 million in penalties and improved safety measures in a settlement with the U.S. government tied to one of the largest inland oil spills in U.S. history. The...
ADM Sued Over Contaminated Equine Feed
Jul 21 2016 // Two horse owners have sued Archer Daniels Midland Co., accusing the U.S. grain processor and trader of distributing contaminated feed that sickened or killed several of their horses, according to court documents seen by...
Can States Stop Man-Made Earthquakes?
Jul 21 2016 // Stopping an earthquake before it starts? It sounds like a feat possible only for a superhero. But in Kansas and Oklahoma state policymakers are showing that insofar as humans are causing earthquakes, they can stop them,...
U.S. Can’t Seize Manhattan Building Over Iranian Terror Claims: Court
Jul 21 2016 // A federal appeals court said on Wednesday the U.S. government cannot seize a midtown Manhattan office tower originally built by the Shah of Iran, whose owners it claimed were fronts for the Iranian government. The 2nd U.S....
Court Battles Begin as U.S., States Sue to Halt Anthem, Aetna Mergers
Jul 21 2016 // U.S. antitrust enforcers roundly rejected a pair of proposed deals that would consolidate the nation’s five biggest health insurers into just three. The Justice Department filed an antitrust lawsuit to stop Anthem...
Case Testing FAA Authority to Regulate Drones Advances
Jul 21 2016 // The father and son who posted videos of drones firing a handgun and incinerating a Thanksgiving turkey with a flame-thrower can be questioned by aviation regulators, a U.S. judge ruled in a closely watched case that may...
Global Insured Losses Hit $30B in 1H 2016, 30% of Economic Losses: Aon Benfield
Jul 21 2016 // Preliminary global economic losses reached US$98 billion during the first half of 2016, while global insured losses hit US$30 billion – their highest levels since 2011, according to Impact Forecasting, Aon...
