Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
FSOC’s Woodall Warns of ‘Inappropriate’ Global Influence On U.S. Policy
Apr 28 2015 // Roy Woodall, a member of the U.S. panel charged with preventing another financial crisis, said he is concerned that global regulators have too much influence over policy in Washington. “International regulatory...
Bird Flu ‘Catastrophe’ Growing in Midwest
Apr 24 2015 // Deadly bird flu swelled in the poultry industry in Minnesota and neighboring Wisconsin amid speculation that winds may be carrying virus particles into facilities housing turkeys and chickens. “This is a catastrophe...
Ruling in Post-Katrina Flooding Suit Expected in Early May
Apr 24 2015 // A decade-old lawsuit seeking damages from the U.S. government over flooding from Hurricane Katrina and other storms is moving closer to resolution, and a judge’s latest filing indicates that at least some damages...
IRS Weighs Rules on Hedge Fund Managers’ Use of Reinsurance
Apr 24 2015 // Hedge fund managers including billionaire John Paulson won’t immediately face new limits on their use of insurance in offshore tax havens, after the IRS proposed rules and chose not to make them effective now. The...
House, Senate Committees Pass Trade Authority Bills
Apr 23 2015 // Legislation to speed trade deals through the U.S. Congress cleared through a key committee on Thursday, but low Democratic support signaled a looming battle over a Pacific trade pact central to President Barack...
Earth Day, Climate Change and Drought
Apr 23 2015 // As much of the U.S. and the rest of the planet celebrated Earth Day, California politicos and leaders squabbled over how best to deal with the ongoing drought – which may or may not be caused by climate change, depending...
House Passes Cyber Threat Sharing Bill
Apr 23 2015 // The U.S. House of Representatives passed a bill on Wednesday that would make it easier for private companies to share information about cybersecurity threats with each other and the government without fear of lawsuits. The...
Court Approves NFL’s Concussion Injury Settlement
Apr 23 2015 // The National Football League won final court approval of a $765 million settlement of ex-player head-injury claims, overriding criticism that the money still falls short and the deal terms are unfair. The decision ends...
‘Hungry’ Insurers Continued to Cut Commercial Prices in Q1: CIAB
Apr 23 2015 // Insurance brokers report that the commercial property/casualty market continued to soften in the first quarter of 2015, with large accounts seeing the biggest price declines. On average, small, medium and large accounts...
Judge Challenges Legality of U.S. Taking Over AIG During Bailout
Apr 23 2015 // The judge weighing a $25 billion investor lawsuit over the 2008 bailout of American International Group Inc. challenged U.S. arguments that assuming control of the insurer didn’t amount to taking shareholder...
Aspen Reports Q1 After-Tax Net Income of $128M; Combined Ratio of 88.9%
Apr 23 2015 // Bermuda-based Aspen Insurance Holdings Limited reported after tax net income of $128.0 million, or $1.87 diluted net income per share, for the first quarter of 2015, compared with $120.4 million, or diluted net income per...
Florida Gov. Scott Agrees to Limit Drug Testing of State Employees
Apr 23 2015 // Florida Gov. Rick Scott’s long running battle over whether the state could drug test state workers is finally coming to an end. Scott and the union that represents state workers have reached a settlement in the case...
House Expected to Pass Cyber Threat Sharing Bill Today
Apr 22 2015 // The U.S. House of Representatives is expected to consider, and pass, on Wednesday a long-awaited bill that would make it easier for companies to share information about cybersecurity threats with the government without...
Greenberg May Have Advantage with Judge Deciding AIG Bailout Challenge
Apr 22 2015 // Former American International Group Inc. Chairman Maurice “Hank” Greenberg claims the U.S. bailout of the company cheated shareholders out of at least $25 billion. On Wednesday, the judge presiding over his...
Insurers with $6 Trillion Mull Mortgage Loans, Private Equity: Goldman Sachs
Apr 22 2015 // Global insurers who oversee more than $6 trillion in assets plan to invest capital in commercial mortgage loans and private equity this year to generate higher returns, a Goldman Sachs Asset Management survey...
Public Corruption Probe Targets Trinity Guardrails, Federal Highway Agency: Sources
Apr 21 2015 // The U.S. Justice Department is conducting a criminal investigation into the use of a highway guardrail system linked to at least eight deaths, according to people familiar with the matter, signaling a new wave of potential...
Compare.com CEO’s Vision for the Future – Right or Wrong
Apr 21 2015 // As early as 2016 or 2017 commercial insurance will likely be bought and sold regularly over the Internet. That likely-to-be controversial opinion is courtesy of Compare.com CEO Andrew Rose. As he speaks to a reporter, in...
Recovery Slow for Gulf Oyster Industry 5 Years after BP Spill
Apr 21 2015 // Five years after the largest oil spill in U.S. history spewed millions of gallons of crude into the Gulf of Mexico, many Louisiana oystermen are fearful that a once-bountiful population of the mollusks may never...
EU Mounts Fresh Bid to End U.S. Reinsurance Collateral Rule
Apr 21 2015 // The European Union will mount a fresh bid to persuade the United States to free up the billions of euros in collateral it requires foreign reinsurers to set aside against policies. EU states agreed on Tuesday to give the...
Insurers Urge Faster OK for Drones in Disaster Response
Apr 21 2015 // U.S. companies including insurers and aerospace manufacturers urged federal aviation regulators on Tuesday to speed up the use of drones in disaster response and relief operations in the United States. A report sponsored...
