Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Deal Activity Still Booming
Jan 25 2016 // Deal count for the third quarter of 2015 continued its record breaking pace with 89 announced transactions. Although it was the slowest quarter in 2015 (107 in 1st quarter and 99 in 2nd quarter), it was the most active...
The Struggle Getting U.S. Regulators to Understand Insurance
Jan 25 2016 // The designation of MetLife as a systemically important financial institution by the Financial Stability Oversight Council (FSOC) is a done deal. But exactly what that means in terms of higher regulatory standards is still...
P/C Execs Predict Cyber Growth, Democrat in the White House
Jan 25 2016 // Leaders of the property/casualty insurance industry expect 2016 to be a profitable year much like 2015 but do not see any increase in profitability this year for most lines of insurance, and they expect the economy to stay...
Outlook for U.S. Commercial P/C Insurance Still Negative
Jan 25 2016 // Rating agency A.M. Best said it is maintaining its negative outlook on the commercial lines segment of the U.S. property/casualty industry, despite relatively solid aggregate results over the past several years. The...
AIG Eyes Partial Spinoff of Mortgage Insurance Unit: Reuters
Jan 24 2016 // American International Group Inc. has decided to pursue a spin-off of its mortgage insurance business, according to people familiar with the matter, in a move that would come as the U.S. insurer fends off activist investor...
Blizzard Heads Toward U.S. East; Airlines Cancel Flights
Jan 22 2016 // A dangerous winter storm will bring snow by the foot to the U.S. mid-Atlantic, including Washington, threatening at least 50 million people in its path while canceling thousands of flights and closing schools and...
Bond Insurers’ Lawsuits Against Puerto Rico to Be Combined
Jan 22 2016 // A second lawsuit over Puerto Rico’s debt default will be joined with a similar suit in order to save time and money and avoid inconsistent rulings, a U.S. federal judge said on Thursday. Financial Guaranty Insurance...
Auto Recalls in U.S. Passed 51 Million in 2015
Jan 22 2016 // The National Highway Traffic Safety Administration said on Thursday that automakers recalled 51.3 million vehicles in the United States last year, the second-highest ever, in 868 separate campaigns. NHTSA and automakers...
Experts Doubt Involuntary Flight Claim Would Help Texas ‘Affluenza’ Teen
Jan 22 2016 // An argument raised by lawyers for a Texas teenager known for using an “affluenza” defense in a fatal drunken-driving wreck — that he may have been taken to Mexico against his will — is unlikely to help his...
Survey of Economists Shows Climate Change Impact Sooner, More Severe
Jan 21 2016 // The impact from climate change is more imminent than most believe, and it’s going to take a big economic chunk out of a lot of bottom-lines. That’s according to a recent report from the Institute for Policy...
U.S. Labor Department Issues Joint Employer Liability Rules
Jan 21 2016 // More U.S. companies could be classified as “joint employers” of workers employed by a staffing agency or contractor and held liable for labor violations tied to those staff, the U.S. Labor Department said in...
Liberty International Underwriters Names C&F’s Cossetti as Head of U.S. Casualty
Jan 21 2016 // Liberty International Underwriters (LIU) has named Diana Cossetti as senior vice president of LIU’s U.S. Casualty operation, newly-created underwriting leadership role overseeing Primary Casualty, Excess Casualty,...
Icahn Activism Not AIG’s First Test Under Pressure
Jan 21 2016 // American International Group Inc. knows what it’s like to be circled by hawks. American International Group Inc. knows what it’s like to be circled by hawks. Under pressure in 2009 to repay the insurer’s...
Lloyd’s Appoints Regional Director for South Central U.S.
Jan 21 2016 // Specialist (re)insurer, Lloyd’s, has appointed Enya He as regional director for its newly-established South Central United States region. She will be based in Dallas and be responsible for market development...
Supreme Court Rules Monetary Offer Doesn’t End Class Action
Jan 20 2016 // The U.S. Supreme Court on Wednesday ruled against advertising firm Campbell-Ewald in a class action case, saying the lawsuit can proceed over claims the company violated a federal consumer law by sending unsolicited text...
Aspen Acquires Crop Insurer AgriLogic
Jan 20 2016 // Specialty insurer Aspen Insurance has acquired AgriLogic Insurance Services and certain affiliates for cash in a transaction that further diversifies Aspens’s specialty insurance business. AgriLogic, headquartered in...
Supreme Court Agrees to Hear Challenge to U.S. Patent Review Process
Jan 20 2016 // The U.S. Supreme Court will consider whether a federal agency’s procedures have made it too easy to successfully cancel patents after agreeing last Friday to decide a case involving a vehicle speedometer that alerts...
What to Expect in U.S. Casualty Markets in 2016: Marsh
Jan 20 2016 // The sharing economy, expanded litigation, surplus capital, custom account underwriting and further consolidation are likely to challenge the U.S. casualty insurance marketplace in 2016, according to broker Marsh. Marsh...
LIU’s Rokicki Joins Aspen as U.S. Head of Onshore Energy, Construction
Jan 19 2016 // Aspen Insurance announced the appointment of Robert Rokicki as senior vice president and head of Onshore Energy and Construction for the Americas. Reporting to Tim Kania, global head of Energy and Construction, Rokicki...
Farmers Ex-Executive DeSantis Named CEO of Program Manager Wright
Jan 19 2016 // Ironshore has named Anthony J. DeSantis as chief executive officer of Wright & Co., a wholly-owned subsidiary in its U.S. Holdings Group He will be responsible for Wright’s existing direct to consumer platform,...
