Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
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...
Ex-CEO Willumstad: AIG Bailout Was Only Rescue Option
Nov 6 2014 // American International Group Inc.’s bailout by the U.S. in 2008 was seen by the company’s board as its only rescue option at the time, former Chief Executive Officer Robert Willumstad testified. Robert...
Commercial Rates Continue on Slow Slide; Personal Lines Rates Moderate: Survey
Nov 5 2014 // The composite rate for U.S. commercial insurance was plus 1 percent in October 2014 while the composite rate for U.S. personal lines was plus 3 percent for the month, according to MarketScout’s monthly analysis of...
Federal Safety Engineer Defended Trinity’s Highway Guardrails
Nov 5 2014 // U.S. highway safety officials defended a widely used guardrail system’s crash-worthiness even as they worried whether its design had been altered in a potentially deadly way, according to internal e-mails. Starting...
Honeywell Blocks EEOC Move to Halt Wellness Penalties for Now
Nov 4 2014 // Honeywell International Inc. defeated the Equal Employment Opportunity Commission’s bid for a court order preventing it from penalizing workers who don’t participate in a corporate wellness program. After...
Foreign Mortgage Bond Buyers Surpass Danish Pension Funds, Insurers
Nov 4 2014 // International investors are overtaking Danish pension funds and insurers as the biggest buyers of the Nordic country’s covered mortgage bonds, creating new risks for the $500 billion market. The institutional...
Insurers Win Case to Kill HUD Disparate Impact Rule
Nov 3 2014 // Property/casualty insurer trade groups won a court victory Monday when a federal judge ruled in their favor that the U.S. Fair Housing Act does not prohibit housing practices including the pricing of homeowners insurance...
Greenberg Upset Win in AIG $25 Billion Bailout Trial Possible
Nov 3 2014 // Lawyer David Boies has a shot at an upset win in the trial of Maurice “Hank” Greenberg’s $25 billion bailout case against the U.S. government, a turnaround from the weak odds he was given just a month...
People – Southeast
Nov 3 2014 // Insurance broker Marsh has named Christian Ryan, a real estate, gaming and hospitality insurance broker, as its U.S. Gaming Practice leader. Ryan joins Marsh from Willis North America where he has spent the last nine...
4 Trends to Watch in Professional Liability for Accountants
Nov 3 2014 // There’s no shortage of accountants in the United States today, and the growth of this industry is not expected to slow anytime soon. In 2013, there were 1.17 million accountants and auditors and 1.59 million...
Business Moves
Nov 3 2014 // Marsh, Torrent Insurance broker Marsh has agreed to acquire Torrent Technologies Inc., which serves write-your-own insurers participating in the National Flood Insurance Program (NFIP). Torrent’s approximately 100...
10 Things to Know About Professional Liability
Nov 3 2014 // There were 1.3 million active licensed lawyers in the United States in 2013. —American Bar Association In 2012, the probability of a plaintiff receiving a favorable verdict in a jury trial involving an employment...
Small Businesses Moving to Obamacare Exchanges
Nov 2 2014 // U.S. small businesses are dropping health insurance for their workers, as Obamacare lets them send employees to new marketplaces where they can often get subsidies from the government to buy coverage. WellPoint...
AIG : No Dealings with Syrian Claims Adjuster
Nov 2 2014 // American International Group Inc. is stripping a claims adjuster in Syria from a list given to shipping-industry clients after a U.S. regulator questioned a rival about relationships in blacklisted nations. “The...
First Trial Over ‘Moldy’ Washers Ends with Win for Whirlpool
Oct 31 2014 // Michigan-based Whirlpool Corp has been found not liable by a U.S. jury in the first lawsuit to go to trial accusing the company of selling front-loading washing machines containing a design flaw that made them prone to...
Zombie Storms Cause Damage After Hurricanes
Oct 31 2014 // A hurricane may lose its name, its structure and even its place on National Hurricane Center tracking maps. None of that is a guarantee the storm’s meteorological energy won’t keep making mischief. While still...
Houston Bus Company Owner Gets Probation for Fatal Crash in 2008
Oct 30 2014 // The owner of a Houston bus company who was charged after a 2008 crash that killed 17 passengers on their way to a religious retreat has avoided prison after a federal judge sentenced him to three years of probation in a...
Corps Sued over Cost of Louisiana Wetland Restoration
Oct 30 2014 // The U.S. Army Corps of Engineers should bear the full $2.9 billion cost of restoring wetland damage blamed on poor maintenance of the now-closed Mississippi River Gulf Outlet, Louisiana coastal restoration officials say in...
