Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Anbang Insurance to Acquire Allianz’s South Korea Operations
Apr 6 2016 // Anbang Insurance Group Co., which walked away from a bid to acquire Starwood Hotels & Resorts Worldwide Inc. last week, has agreed to buy Allianz SE’s operations in South Korea. The Chinese insurer will purchase...
Chubb Adds Cyber Bullying Insurance for U.S. Homeowners
Apr 5 2016 // Chubb has added cyber bullying coverage to its U.S. Masterpiece Family Protection policy to help cover clients and their families from the expenses associated with a cyber bullying incident. According to Christie Alderman,...
Lockton Names Petrosino Chief Operating Officer of U.S. Pacific Operations
Apr 4 2016 // Gary Petrosino has joined Lockton as chief operating officer of the global insurance broker’s Pacific operations in the U.S. Petrosino will be responsible for leading a team of more than 500 associates in the...
Supreme Court Quashes Wal-Mart, Wells Fargo Bids to Upend Class Action Judgments
Apr 4 2016 // The U.S. Supreme Court on Monday rejected Wal-Mart Stores Inc.’s bid to throw out a more than $150 million class action judgment over the retailers’ treatment of workers in Pennsylvania. The justices declined...
U.S. Must Lower Corporate Taxes to Keep Insurers: Travelers CEO Schnitzer
Apr 4 2016 // Alan Schnitzer, the new chief executive officer of insurer Travelers Cos., called on U.S. lawmakers to reduce corporate taxes or risk harming business in country. “We continue to see the U.S. corporate income tax...
Kentucky Sues Volkswagen Over Diesel Emissions Cheating
Apr 4 2016 // Kentucky has filed suit against Volkswagen AG and its luxury units claiming the German automaker’s diesel emissions cheating scheme violated the state’s Consumer Protection Act. “Volkswagen must be held...
Vehicles ‘Increasingly Vulnerable’ to Hacking, Warns FBI
Apr 4 2016 // The FBI and U.S. National Highway Traffic Safety Administration issued a bulletin last month warning that motor vehicles are “increasingly vulnerable” to hacking. “The FBI and NHTSA are warning the...
10 Things to Know About Public Entities and Schools
Apr 4 2016 // When underwriting an educational institution for the purposes of sexual assaults and Title IX, a little further digging may be required. Looking into who the people are who will be responsible for Title IX compliance and...
China’s Anbang Insurance Checks Out of Hotel Bid War
Apr 1 2016 // A group led by China’s Anbang Insurance Group Co. withdrew its $14 billion takeover offer for Starwood Hotels & Resorts Worldwide Inc., a surprise move that ends a three-week bidding war and clears the way for an...
Ex-QBE Insurance Executive Sentenced to Jail for $2.6M Embezzlement Scheme
Apr 1 2016 // A former executive of QBE Insurance Group was sentenced on Thursday to 1-1/2 years in prison for conspiring to embezzle $2.6 million from the insurance company, some of which he used to buy a house and luxury...
Climate Change Easy Bet to Be Hot Topic at Insurance Regulators’ Meeting
Mar 31 2016 // Mark down the Climate Change and Global Warming Working Group as the odds-on favorite committee to produce the most interesting chatter during the National Association of Insurance Commissioners meeting next week in The...
AIG CEO Hancock Sees Opportunity in MetLife Systemic Risk Win
Mar 31 2016 // A judge’s ruling that MetLife Inc. is not “too big to fail” opens up an opportunity for insurer American International Group Inc. to seek an exemption from the tag, AIG Chief Executive Peter Hancock said...
MetLife Victory Could Push AIG, Pru to Fight Systemic Risk Designations
Mar 31 2016 // After regulators slapped the too-big-to-fail label on MetLife Inc., Chief Executive Officer Steve Kandarian had several responses. One was to challenge government watchdogs in court — a move shunned by other insurers...
GM Wins Second ‘Bellwether’ Ignition Switch Trial
Mar 31 2016 // General Motors Co. won its second straight trial against drivers who blamed car wrecks on faulty ignition switches, boosting the company’s outlook for resolving hundreds of similar cases on more favorable terms. The...
DOL Sues U.S. Steel Corp. Over Injury Reporting Practices
Mar 30 2016 // The U.S. Department of Labor recently announced that it has sued U.S. Steel Corp. for allegedly retaliating against two employees who violated the company’s immediate reporting policy for workplace injuries. The...
West Virginia Coal Boss Should Face Maximum Sentence, U.S. Says
Mar 30 2016 // Former coal baron Donald Blankenship should face the maximum sentence of one year in prison for flouting mine-safety rules, prosecutors said, urging a judge to send a message to the coal industry. The government asked U.S....
MetLife Wins Court Appeal to Strike Down Systemic Risk Tag
Mar 30 2016 // MetLife Inc. beat back a U.S. attempt to label it too big to fail, which would’ve put America’s biggest life insurer under tougher government scrutiny and forced it to put more money in reserves. A federal...
U.S. Promises Rules for Makers of Driverless Cars Within Months
Mar 30 2016 // U.S. regulators are making progress and will begin issuing guidelines to help the introduction of self-driving car technology within the next few months, Transportation Secretary Anthony Foxx said. The rapidly developing...
Koeleveld Joins NYS Department of Financial Services as General Counsel
Mar 29 2016 // Celeste Koeleveld has been appointed general counsel at the New York State Department of Financial Services (DFS). Koeleveld will lead DFS’s Office of General Counsel and be responsible for all legal matters in the...
Hedge Funds Settle Press Release Hacking Claims for $18M
Mar 29 2016 // A Moscow-based hedge fund manager, his investment firms and two Paris-based funds have agreed to pay nearly $18 million to resolve a U.S. regulator’s claims that they engaged in insider trading using hacked press...
