Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
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...
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...
