Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Federal Reserve Plan for Insurer Capital Standards Rests on States: Reuters
Jun 16 2015 // The U.S. Federal Reserve is considering a proposal for new nationwide insurance capital standards that would rely heavily on the current system of state-based regulations, according to a copy of the plan seen by Reuters...
Former QBE Insurance Executive, Consultant Charged with Embezzling $2.6M
Jun 16 2015 // A former QBE Insurance Group Ltd. executive and an accomplice embezzled $2.6 million by submitting phony invoices in which the name of the chief financial officer was forged, according to U.S. prosecutors. James J. Shea, a...
How Greenberg’s Lawyer, Boies, Won AIG Bailout Battle
Jun 16 2015 // During the trial, David Boies was his usual mildly rumpled and mostly unpretentious self, peering over his reading glasses, padding around in his hallmark black suede slipper-shoes and smiling his way to victory in a case...
AIG Avoids Damages with Ruling in Greenberg Bailout Lawsuit
Jun 16 2015 // American International Group Inc., which opted against joining Maurice “Hank” Greenberg in a suit against the U.S., became a victor in the case after a judge ruled that the former chief executive officer...
ACE Launches General Liability Offering for Multinational Middle-Market Companies
Jun 15 2015 // ACE Group has launched a new insurance offering that combines domestic general liability coverage and international general liability coverage for U.S. middle-market companies that are expanding globally. The policy brings...
Judge Rules for Greenberg in Suit Against AIG Bailout But Nixes Damages
Jun 15 2015 // Update: Greenberg Will Appeal AIG Bailout Case Win Over Lack of Damages The U.S. set illegal terms in demanding American International Group Inc. stock for an $85 billion bailout during the financial crisis, but that...
Smith to Head Ironshore’s New Chinese Investment in U.S. Practice Group
Jun 15 2015 // Ironshore Inc. announced the formation of the Chinese Investment Practice Group, building upon its relationship with Fosun International, to identify Chinese investment opportunities in U.S.-based companies and assets....
Battle Over Fast-Track Trade Authority Resumes This Week in House
Jun 15 2015 // A raging battle over President Barack Obama’s request for “fast-track” authority central to improving U.S. ties with Asia resumes in the House of Representatives this week when lawmakers are expected to...
Medical Malpractice Payouts Continue to Climb in U.S.
Jun 15 2015 // For the second consecutive year, medical malpractice payouts in 2014 increased over four percent from the previous year. After declining from 2003 through 2012, malpractice payouts started to rise in 2013 and continued to...
Florida Commissioner McCarty Warns Against U.S. Adopting ‘Bank-Like’ Regulation for Insurance
Jun 15 2015 // Florida Insurance Commissioner Kevin McCarty championed flexible state insurance regulation and warned against “one-size-fits-all” bank-like regulation for insurers in recent testimony before the U.S. Senate...
People – Southeast
Jun 15 2015 // Marsh has appointed Julie Wood as Southeast Partnership leader based in Atlanta. In this role, Wood is responsible for ensuring the delivery of Marsh’s advisory and transactional services to clients throughout its...
Court Revives Suit in N.H. School’s Missing Policy Case
Jun 15 2015 // The U.S. Court of Appeals for the First Circuit has revived a New Hampshire school’s lawsuit seeking to prove that it is still covered by an insurance policy from almost 50 years ago even though there are no longer...
People – East
Jun 15 2015 // Michael Tipsord, State Farm president and chief operating officer who first joined the insurer in 1988, will succeed outgoing CEO Edward B. Rust Jr. in September as chief executive officer. Rust, in speaking during a...
Warm Weather Bringing Relief from Record U.S. Bird-Flu Outbreak
Jun 12 2015 // There’s relief ahead for U.S. poultry farmers suffering through the worst ever domestic outbreak of bird flu. As the weather warms, there’s likely to be fewer instances of the disease, which has already left 47...
House Committee Advances Patent Reform Bill
Jun 11 2015 // A U.S. congressional panel on Thursday approved a bill aimed at deterring frivolous patent lawsuits, but which some critics say undermines the ability to protect new innovations. The U.S. House of Representatives Judiciary...
El Nino Now 85% Likely to Last Through Winter: U.S. Climate Forecasters
Jun 11 2015 // The odds that a weather-changing El Nino will last until the Northern Hemisphere’s next winter are increasing, though it’s too early to say if it will provide drought relief across California, the U.S. Climate...
Number of Cars with Takata Air Bags Uncertain
Jun 11 2015 // The number of vehicles on U.S. roads with potentially defective Takata air bags appears to be less than half the 34 million initially estimated by federal regulators, according to a Reuters analysis of recall records...
Judge Denies Uber Arbitration in Dispute with Drivers
Jun 10 2015 // Uber lost a bid to force arbitration in a lawsuit brought by its drivers, as a U.S. judge ruled the smartphone-based taxi service’s 2013 and 2014 employment contracts dealing with arbitration from were...
Louisiana Driver’s Death May Be 7th from Recalled Air Bag
Jun 10 2015 // A Louisiana woman who got an air bag recall notice for her 2005 Honda Civic two days after the crash that killed her may be the seventh fatality linked to the defective Takata Corp. safety device. The driver, Kylan...
Supreme Court to Hear Tyson Challenge to Damages in Worker Pay Class Action
Jun 10 2015 // The U.S. Supreme Court on Monday agreed to take up Tyson Foods Inc.’s challenge to an almost $5.8 million judgment awarded against the company over worker pay at an Iowa meat-processing facility in a case that gives...
