Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Catlin Group Interim Report Shows 11% Hike in Gross Premiums Written
Nov 13 2014 // Catlin Group Limited, the Bermuda-based specialty property & casualty insurer and reinsurer, has issued its interim management statement for the nine-month period ended September 30, 2014, which shows premiums reported...
ING to Sell Shares of Former US Insurance Unit, Voya Financial
Nov 13 2014 // ING Groep NV plans to sell shares of its former U.S. insurance unit, Voya Financial Inc., reducing the bank’s stake to 19 percent from about 32.5 percent. ING, the biggest Dutch bank, is selling 34.5 million shares...
Honda Widens Recall of Takata Air Bags by Another 170,000 Vehicles
Nov 13 2014 // Honda Motor Co said on Thursday that a driver in Malaysia died in July after being hit by shrapnel from an air bag supplied by Takata Corp – the fifth such fatality and the first outside the United States. The...
World’s Top 15 Commercial Lines Brokers Write 43% of Business: Finaccord
Nov 12 2014 // The world’s top 15 insurance brokers write more than 43 percent of the commercial lines property/casualty business globally, according to a new ranking by London research firm Finaccord. The same report says that the...
Global Insurers to Bid for Insurance, Pension Units of Halkbank in Turkey
Nov 12 2014 // Insurers from Europe, Asia and the United States are among some 20 potential bidders in the sale by Turkey’s state-run Halkbank of its pension and insurance arms, three sources close to the process said on...
Experts See Gradual Transition to Accident-Free Driving
Nov 12 2014 // As millions of cars are under recall for potentially lethal air bags, designers are trying to reduce the need for the device – using sensors, radar, cameras and lasers to prevent collisions in the first place. With...
U.S. Veterans Sue Banks, Allege Money Scheme Aided Terrorists
Nov 12 2014 // Wounded U.S. veterans and family members of U.S. soldiers killed in Iraq sued five European banks on Monday, seeking to hold them responsible for shootings and roadside bombings because they allegedly processed Iranian...
Obamacare Enrollment Forecast Cut by 30%
Nov 11 2014 // The U.S. administration on Monday dramatically cut expectations for 2015 Obamacare enrollment, saying it aims to have a total of 9.1 million people enrolled in government-backed federal and state health insurance...
Judge Rejects BP Attempt to Remove Oil Spill Claims Chief Juneau
Nov 11 2014 // BP Plc lost a bid to remove Patrick Juneau, the claims administrator overseeing payouts for the 2010 Gulf of Mexico spill, according to a New Orleans federal court ruling Monday. Juneau is in charge of the London-based...
Old vs. New GM at Issue in Ignition Switch Class Action
Nov 10 2014 // General Motors Co. told a judge that claims in a $10 billion customer class-action over ignition flaws are “misleading” and should be dismissed. The 68 named plaintiffs in the group lawsuit argue that the...
Republicans Restart Battle Over Export-Import Bank
Nov 10 2014 // Republican critics of the U.S. Export-Import Bank moved on Friday to force the export lender to reveal full details of board discussions about potential deals, restarting a battle over the bank’s long-term...
Waldorf Sale to Chinese Firm Risks U.S. Review Over Spying Concerns
Nov 9 2014 // For years, high-profile guests at New York City’s landmark Waldorf Astoria hotel could be assured their private conversations wouldn’t be overheard by anyone — except, perhaps, by U.S. spies. That may be...
Univ. of Minnesota Sues U.S. Wireless Carriers Over Patents
Nov 7 2014 // The University of Minnesota sued the four largest wireless carriers in the United States over alleged patent infringement. Complaints filed in U.S. District Court in Minnesota contend that AT&T, Sprint, T-Mobile and...
AIG to Close Georgia Shared Service Center; Closure to Affect 420 Workers
Nov 7 2014 // American International Group Inc. said the company plans to close its Shared Service Center located in Alpharetta, Georgia next year. The move is expected to affect approximately 420 employees, AIG told Insurance...
U.S. Didn’t Reveal Potential Chinese AIG Rescue, Ex-CEO Testifies
Nov 6 2014 // American International Group Inc.’s former chief executive officer said regulators didn’t tell him about a potential Chinese investment before the U.S. government’s 2008 bailout of the insurer. Robert...
U.S. Attorney: Hurricane Katrina Fraud Complaints Still Coming In
Nov 6 2014 // Hurricane Katrina generated more than 30,000 fraud complaints and agencies still receive complaint calls relating to the 2005 storm, according to Walter Green, U.S. Attorney for the Middle District of Louisiana. Green,...
Aspen US Realigns Casualty Business Around 4 Product Lines
Nov 6 2014 // Aspen US Insurance, part of the insurance segment of Aspen Insurance Holdings Limited, unveiled a realignment of its Casualty business, shifting from a general casualty model to a specialty one. The announcement said that...
Munich Re Profit Misses Estimates as Investment Income Falls
Nov 6 2014 // Munich Re, the world’s biggest reinsurer, posted third-quarter profit that missed analyst estimates as low interest rates eroded returns from its fixed- income investments. Net income rose 16 percent from the...
Impact Forecasting: Costs of Tropical Cyclones Up for Non-U.S. Exposures
Nov 6 2014 // Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, released the latest edition of its monthly Global Catastrophe Recap report, which reviews the natural disaster perils that...
Losing Bankruptcy Liability Shield Could Cost GM $2 Billion
Nov 6 2014 // Jesse Salazar III says an ignition- switch flaw in his 2008 Chevrolet HHR has depressed its value, and he wants manufacturer General Motors Co. to make it up to him. GM will argue in court filings later today that it...
