Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Climate Change And Gisele, The Law of the Land
Aug 11 2016 // When the opening ceremony of the Olympics in Rio highlighted climate change, it wasn’t hard to imagine the buzz – positive and negative – that would be generated. The show included references to rising sea...
Firms May Shirk Foreign Verdicts as a Result of Chevron’s Pollution Win
Aug 11 2016 // Chevron wasn’t the only winner in Monday’s ruling by a federal appeals court over its long-running Ecuadorian pollution litigation. The victory, in which the court affirmed that a lawyer for victims engaged in...
Atlantic Could See 8 More Hurricanes Before Season Ends
Aug 11 2016 // The Atlantic basin will see the most named storms since the 2012 season, the year Sandy crippled the U.S. East Coast, with five to eight of those strengthening into hurricanes by Nov. 30, the National Oceanic and...
El Faro ‘Black Box’ Recovered
Aug 11 2016 // Search crews have retrieved the ‘black box” from the wreckage of the freighter El Faro that sank in 15,000-feet of water near the Bahamas during Hurricane Joaquin last year, officials said Tuesday. Using a...
Pimco Total Return Boosts U.S. Treasury Stake to Most in 25 Months
Aug 10 2016 // Pacific Investment Management Co.’s Total Return Fund increased its stake in U.S. government debt to a 25-month high in July as rally in Treasuries pushed yields to an all-time low and then fizzled. Pimco is owned by...
Talbot Forms $115M Political Risk Insurance Binder for U.S. Clients
Aug 10 2016 // Talbot Underwriting Services Ltd., a wholly owned subsidiary of Validus Holdings, Ltd. has launched political risk insurance binding authority from its New York office, underwritten 100 percent by various underwriters at...
Emirates Jet Failed to Abort Landing Prior to Dubai Crash
Aug 9 2016 // An Emirates jetliner was attempting to abort its landing at Dubai’s airport shortly before the plane hit the runway and burst into flames Wednesday, causing the worst aircraft loss in the airline’s 30-year...
New Death Prompts ARC Airbag Probe in US, Canada
Aug 8 2016 // Auto safety regulators in two countries are investigating another deadly airbag problem that could affect up to 8 million vehicles. Investigators in the U.S. and Canada are looking into a crash in the Canadian province of...
Ports in Japan, China and U.S. Face Highest Risk from Natural Catastrophes: RMS
Aug 8 2016 // Ports in Japan, China and the U.S. face the greatest financial risk from natural disasters because of their vulnerable locations and increasing cargo volumes, a risk-management firm said. Nagoya, Japan, leads all ports...
Business Groups Sue to Thwart U.S. Crackdown on Corporate Inversions
Aug 8 2016 // Two business groups sued the Obama administration on Thursday over a crackdown on U.S. companies that try to reduce their U.S. taxes by rebasing abroad in a process known as inversion. The U.S. Chamber of Commerce and the...
Judge Rejects PwC Bid to Dismiss $1B Malpractice Suit Over MF Global Collapse
Aug 8 2016 // A federal judge rejected PricewaterhouseCoopers’ bid to dismiss a $1 billion lawsuit accusing the accounting firm of professional malpractice for helping cause the October 2011 bankruptcy of MF Global Holdings Ltd, a...
Peabody Reaches Coal Mine Cleanup Deal with 3 U.S. States
Aug 8 2016 // Peabody Energy Corp., the largest U.S. coal producer, reached a deal to cover mine clean-up liabilities while in bankruptcy with three U.S. states, court documents showed late last month. Peabody has benefited from a...
Rough Ride for P/C Insurers in 2016, Warns S&P
Aug 8 2016 // This year could be a tough one for U.S. property/casualty insurers, as catastrophe losses, private passenger insurance woes and declining bond yields erode underwriting results and profitability, according to a report by...
Declarations
Aug 8 2016 // Culture of Indifference “The federal government’s culture of indifference to worker safety at Hanford must end.” —Washington Attorney General Bob Ferguson asked a federal court to order the U.S....
People – Southeast
Aug 8 2016 // Worldwide Facilities has appointed Bob McAuley as regional president. He is based out of the company’s Atlanta office. Prior to joining Worldwide Facilities, McAuley spent the past five years with RT Specialty in...
U.S. Risk Acquires Continental Marine in California
Aug 5 2016 // U.S. Risk L.L.C. has acquired Continental Marine Insurance Services. Continental is a Lodi, Calif.-based wholesale insurance broker. Continental has specialized in placing marine insurance for both commercial and personal...
Just 2% of China’s July Floods Covered by Insurance, vs. Nearly 70% in U.S.: Aon
Aug 5 2016 // China’s seasonal “Mei-Yu” rainfall in July led to the worst flooding since 1998, bringing total combined economic losses of an estimated US$33 billion, according to a report published by Impact...
SLSOT Using Data to Better Communicate with Surplus Line Market Stakeholders
Aug 4 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...
Pfizer Agrees to $486M Settlement with Shareholders Over Concealing Drug Risks
Aug 4 2016 // Pfizer Inc. on Tuesday said it has reached a $486 million settlement of litigation accusing it of causing big losses for shareholders by concealing safety risks associated with its Celebrex and Bextra pain-relieving...
Volkswagen Wants Investor Class Action Suit Dismissed
Aug 4 2016 // Volkswagen AG and its former chief executive have asked a U.S. federal judge in California to dismiss lawsuits filed by American investors accusing the German automaker of deception involving its cheating on diesel...
