Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Supreme Court Could Get Obamacare Subsidies Question
Jul 23 2014 // The U.S. Supreme Court may not be done with Obamacare yet. With appellate courts reaching opposite conclusions on the same day about a crucial financing provision of the 2010 law, a third showdown before the justices is...
Insured Global Disaster Losses in First Half Reached $22B: Aon Benfield
Jul 23 2014 // Insured losses from global natural disasters during the six-month period ending June 30, 2014 reached $22 billion. That compares to $27 billion in the first half of 2013 and is approximately 19 percent below the 10-year...
Court Rules Mississippi Casino Not Liable for Death of Drunk Patron
Jul 23 2014 // A federal appeals court has declined to allow the family of Bryan Lee Glenn to pursue a wrongful death lawsuit that alleges a Biloxi, Mississippi, casino kept serving drinks to the man while he was drunk. Glenn, 30,...
MetLife Designation as Systemically Important Expected Soon
Jul 23 2014 // A U.S. council of regulators is poised to label MetLife Inc. a potential threat to the financial system, subjecting the insurer to oversight by the Federal Reserve, two people with knowledge of the matter said. A decision...
U.S. Risk Names Jonathan Hagan an Underwriter for the Dallas Commercial Underwriting Division of U.S. Risk Underwriters, Inc.
Jul 23 2014 // Dallas, TX – July 23, 2014 – U.S. Risk Insurance Group, Inc. (www.usrisk.com), the eighth largest managing general agency and surplus lines wholesaler in the nation, announced that it has named Jonathan Hagan an...
Financial Firms Want More Time to Review U.S. Consumer Complaint Proposal
Jul 23 2014 // The federal government is proposing a new policy that would allow consumers to publicly post their complaints about consumer financial products and services. Under the proposal by the Consumer Financial Protection Bureau...
Same Day, Different Court Obamacare Subsidies Upheld
Jul 22 2014 // Two U.S. appeals courts reached opposite conclusions on the legality of a key financing provision of the Affordable Care Act, increasing the chance of another showdown at the Supreme Court over President Barack...
Court Orders Travelers to Pay $500M in Johns-Manville Asbestos Claims
Jul 22 2014 // A federal appeals court on Tuesday ordered Travelers Cos. Inc. to pay more than $500 million to satisfy asbestos-related claims stemming from the insurer’s coverage of insulation maker Johns-Manville Corp., a...
Court Rules Against Obamacare Subsidies for Federal Exchange Insureds
Jul 22 2014 // President Barack Obama’s healthcare overhaul suffered a potentially crippling blow as a U.S. appeals court ruled the government can’t give financial assistance to anyone buying coverage on the insurance...
CGS&C’s New MGA Targets U.S. Healthcare Industry with Lloyd’s
Jul 22 2014 // Wholesale insurance broker Cooper Gay Swett & Crawford (CGSC) has launched an underwriting management agency specializing in the healthcare industry. The new venture, Pro-Praxis Insurance, will be led by Robert Allen...
Will BNP Deal Expand Whistleblower Protections in Banking, Insurance?
Jul 22 2014 // BNP Paribas SA’s $9 billion settlement with U.S. authorities, aided by internal whistleblowers, has spurred calls for federal banking regulators to protect and reward individuals who report wrongdoing by banks. The...
Rep. Hensarling Blasts Export-Import Bank As ‘Special Privilege’
Jul 22 2014 // A Republican House committee chairman scolded Boeing Co. and a large U.S. trade group on Monday for lobbying to keep the Export-Import Bank alive, saying their efforts amounted to petitioning for “special...
Airlines Shocked by Jet Attack; Ask Why No-Fly Zones Are So Rare
Jul 22 2014 // A universal no-fly area declared in eastern Ukraine after the downing of Malaysian Air Flight 17 is a rare restriction currently shared only with North Korea, prompting airlines including Deutsche Lufthansa AG to question...
Chinese Drywall Maker Ordered to Pay $55,000, Stop Doing Business in U.S.
Jul 22 2014 // A federal judge has ordered a China-based maker of drywall to pay $55,000 in penalties and attorney fees – and to stop doing business in the United States – as punishment for refusing to take part in court proceedings...
AIG Chairman Miller Comments on Corporate Tax Rate, Succession and BofA Deal
Jul 21 2014 // American International Group Inc. Chairman Steve Miller said lawmakers should bring U.S. corporate tax rates in line with other nations’ to halt firms from switching their legal address to cut obligations. The U.S....
Best Takes Rating Actions on AXA Financial, Certain Subsidiaries
Jul 21 2014 // A.M. Best has revised the outlook of the issuer credit ratings (ICR) to stable from negative and affirmed the ICR of “a-” and debt ratings of New York-based AXA Financial, Inc., and has revised its outlook on...
Best Affirms Allianz Global Risks US Insurance Co. & Subs Ratings
Jul 21 2014 // A.M. Best has affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit ratings of “aa-” of Allianz Global Risk US Insurance Company, Allianz Underwriters Insurance Company and...
University of Connecticut Pays $1.3M to Settle Sexual Discrimination Lawsuit
Jul 21 2014 // The University of Connecticut said it will pay a group of students almost $1.3 million to settle a sex discrimination suit filed last year that led to a hearing in the state legislature. The five current and former female...
Judge Declares Mistrial in $1B Trinity Guardrail Case
Jul 21 2014 // Trinity Industries Inc.’s courtroom defense of the safety of its highway guardrails prompted a federal judge to declare a mistrial because of “serious concerns” about a company witness’s...
Insurance Trade Agreements Are Good for Consumers and Markets
Jul 21 2014 // David SnyderYou can be sure critics are already getting ready to pounce on a preliminary draft of the financial services section of the Trade in Services Agreement (TiSA), invoking the usual rhetoric about the evils of...
