Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
A Financial Army Moves in When a Police Officer Is Killed
Jul 11 2016 // As America absorbed the news of five murdered Dallas police officers, Frederick Frazier grimly signed $2,000 checks, one after another. They were for the families of the slain. “So many people are calling and want to...
Correction: Obama Nominates Additional Directors But Producer Registry NARAB Still Falls Short
Jul 11 2016 // Correction: The original version of this article omitted two of President Obama’s nominees, Colorado Insurance Commissioner Marguerite Salazar and Susan Louise Castaneda of The Hartford. Insurance Journal regrets the...
People – East
Jul 11 2016 // The New York State Senate has confirmed Governor Andrew Cuomo’s pick to become the state’s top financial regulator. The confirmation vote for Maria Vullo, Cuomo’s nominee for superintendent of the New...
People – Midwest
Jul 11 2016 // Wholesale insurance broker Burns & Wilcox added Mary Mullen as personal insurance manager in its Chicago office. Mullen, who most recently served as vice president, regional operations officer at Willis Towers Watson,...
Information-Heavy Healthcare a Huge Target for Cyber Crime
Jul 11 2016 // Healthcare organizations contain a wealth of personal information, making them them the number one target for cyber breaches, according to a Houston-based attorney who specializes in healthcare privacy. Lynn Sessions, a...
Economic Cost of Pandemics
Jul 11 2016 // A pandemic influenza outbreak in the United States could have economic costs nearly double the total amounts experts have previously calculated, depending on how the public, government and businesses respond to an...
Disaster Response: Pandemic Insurance to the Rescue
Jul 11 2016 // The shoe may eventually be placed on the other foot for the United States. This nation has a long-standing tradition of innovating products and ideas – particularly insurance products – and then exporting them to other...
Statistical Models for Zika Risk Management
Jul 11 2016 // The Pan American Health Organization first confirmed Zika virus infections in Brazil in May 2015. It took nine months for the World Health Organization (WHO) to declare an international public health emergency. It was then...
Alpha Natural Resources Reaches Deal with U.S. to Exit Bankruptcy, Clean-Up Mines
Jul 8 2016 // The U.S. government agreed to a mine clean-up deal that allows coal producer Alpha Natural Resources to exit bankruptcy, despite concerns that Alpha will be unable to fund $400 million in commitments, a government lawyer...
Global Flood Events Rack Up $5B in Economic Costs in June: Aon Report
Jul 8 2016 // Major floods across the globe during June – topped by events in China and the U.S. – are expected to bring economic costs in excess of US$5.0 billion, according to Impact Forecasting, Aon Benfield’s catastrophe...
Jail Sentences Upheld for Iowa Egg Execs in Salmonella Case
Jul 7 2016 // A federal appeals court has upheld jail sentences for two egg industry executives whose Iowa-based company caused a nationwide salmonella outbreak in 2010. In a long-awaited decision, the 8th U.S. Circuit Court of Appeals...
Citing Texas Cap, Judge Reduces Johnson & Johnson $500M Implant Verdict
Jul 7 2016 // A U.S. judge has slashed a $500 million verdict against Johnson & Johnson and its DePuy unit over allegedly defective metal-on-metal Pinnacle hip implants to approximately $151 million. On Tuesday, U.S. District Judge...
McPhillips Named Head of U.S. Primary Casualty at Aspen
Jul 6 2016 // Aspen Insurance has appointed Sean McPhillips as senior vice president, head of U.S. Primary Casualty. Based in New York and reporting to David Cohen, president and chief underwriting officer, Aspen Insurance, McPhillips...
A.M. Best Affirms Ratings of Markel Int’l & Lloyd’s Syndicate 3000
Jul 5 2016 // A.M. Besthas affirmed the financial strength ratings of A (Excellent) and the issuer credit ratings of “a+” of UK-based Markel International Insurance Co. Ltd.(MIICL) and Lloyd’s Syndicate 3000. The...
Connecticut Father, Son Challenge Government’s Authority to Regulate Recreational Drones
Jul 5 2016 // A Connecticut father and son are headed for a court showdown with the Federal Aviation Administration over whether the agency can force them to disclose information about drones shown in two YouTube videos firing a gun and...
Marsh: Industry Must Adapt to Meet Changing Terrorist Threats
Jul 5 2016 // The federal terrorism reinsurance program in 2015 has helped maintain certainty and stability for the U.S. market even as the nature of terrorist acts has changed, according to global insurance broker Marsh in its latest...
Treasury Recommends Some Terrorism Premiums Be Retained for Future Claims
Jul 5 2016 // In a report that concludes that the federal terrorism risk insurance program “remains an important mechanism” for ensuring that terrorism risk insurance is available and generally affordable, the U.S. Treasury...
U.S. Issues Call for Urgent Repairs on 300,000 Hondas, Acuras with Takata Air Bags
Jul 1 2016 // U.S. auto safety regulators warned on Thursday that Takata air bag inflators on more than 300,000 unrepaired recalled Honda vehicles show a substantial risk of rupturing, and urged owners to stop driving the...
Class-Action Suit Filed Against South Carolina Town Over Speeding Ordinance
Jul 1 2016 // A class-action lawsuit has been filed against the Clarendon County, South Carolina town of Turbeville for its practice of charging speeders under an ordinance that allows the town to keep the fines rather than the...
Even with Rescue, Puerto Rico Default Likely; Insurers Still at Risk for Millions
Jun 30 2016 // Investors in Puerto Rico’s debt-burdened economy still face risks of default on some of the island’s $70 billion in debt even after the U.S. Congress on Wednesday created a powerful federal oversight board to...
