Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Deal Analysis: Why Validus Is Buying Western World
Jul 21 2014 // The combination of Validus Holdings and Western World Insurance Group fills in “missing pieces” for both organizations, Validus’ chairman said in late June, detailing finer points of a $690 million deal...
Painkiller Prescribing Highest in South; Florida Reverses Trend
Jul 21 2014 // Health care providers in some states prescribe far more painkillers than those in other states, according to a new government report. Health care providers wrote 259 million prescriptions for opioid painkillers in 2012...
Lloyd’s Underwriters Find Success with U.S. Subsidiaries: SNL
Jul 21 2014 // Insurers Hiscox Ltd., Beazley Plc and Catlin Group Ltd. are reaping the benefits of the U.S. market, according to a report from SNL Financial. SNL data shows how the three companies with significant participation in the...
People – Southeast
Jul 21 2014 // Charleston, South Carolina-based managing general agency Johnson & Johnson has named Cathy Parmley as vice president of operations. As vice president of operations, she will supervise the company’s internal...
As America Overall Ages with Boomers, Energy States See Youth Boom
Jul 21 2014 // Seven states, including five in the Great Plains, saw their median age decline between 2012 and 2013, according to U.S. Census Bureau estimates. At the same time, the median age for the United States as a whole ticked up...
Energy Market Dynamics of Shifting Shale
Jul 21 2014 // The expansion of shale resource extraction encompasses several interrelated elements, including exploration risk, infrastructure project risk, and the risks associated with new or enlarged trade flows and the significant...
16 States Face High Risk of Earthquakes
Jul 20 2014 // Sixteen states are at high risk of damaging earthquakes over the next 50 years and certain areas of the United States face a higher threat of temblors than previously thought, a federal geological survey agency said. The...
Trucking Company Owner Pleads Guilty in Missouri to Cargo Theft Scheme
Jul 18 2014 // A Memphis, Tenn., business owner pleaded guilty in federal court to his role in a cargo theft scheme that included a theft in West Plains, Mo. Tammy Dickinson, United States Attorney for the Western District of Missouri,...
Mine Safety Agency Settles with 2 West Virginia Miners’ Widows
Jul 18 2014 // The U.S. Mine Safety and Health Administration has agreed to pay $1 million to settle a lawsuit over the deaths of two miners in a 2006 fire at an underground coal mine in West Virginia, according to court documents. Under...
Liberty Mutual Inks Reinsurance Deal with Berkshire’s National Indemnity
Jul 18 2014 // Liberty Mutual Insurance said it has reached a deal with National Indemnity Co. (NICO), a subsidiary of Berkshire Hathaway Inc., on a combined aggregate adverse development cover for substantially all of Liberty...
Malaysia Airlines Plane Crash Insurance May Pose Quandary
Jul 18 2014 // Insurance on the Malaysian airliner brought down over Ukraine on Thursday is likely to pay out relatively quickly, provided that the cause of the crash is firmly determined, but observers say the loss of of 295 lives...
New York AG Proposes Bill to Blunt Effect of Hobby Lobby Ruling
Jul 17 2014 // New York Attorney General Eric T. Schneiderman and the state’s Senate Democratic Conference Leader Andrea Stewart-Cousins said today they would propose legislation that would help to shield New York women from the...
Automakers Race to Be First With Driverless Cars
Jul 17 2014 // Nissan Motor Co. will introduce cars that park themselves by 2016, Chief Executive Officer Carlos Ghosn said, as the Japanese carmaker rushes to be among the first to offer automated driving. The feature, along with...
Fitch Forecasts Shrinking P/C Insurer Profits
Jul 17 2014 // Fitch Ratings is forecasting that 2014 will end up as the second consecutive year of underwriting profits for the property/casualty industry with modest increase in the combined ratio. But the results for 2014 won’t...
Computers at Growing Risk of Hijack by Botnet Viruses, U.S. Says
Jul 17 2014 // The threat posed by criminal hackers who use networks of secretly hijacked computers has increased “dramatically” over the past several years, a top U.S. Justice Department prosecutor testified Tuesday. Leslie...
Integro Appoints New U.S. Leadership in Boston, New York
Jul 16 2014 // Ruth KilduffInsurance brokerage and risk management firm Integro appointed Ruth Kilduff as chairman, and Anne Anderson as president of its United States operations, Integro USA. Both Kilduff and Anderson are Integro...
NAIC Roadshow to Tout State Regulation to U.S., Foreign Policymakers
Jul 16 2014 // The nation’s organization of state insurance regulators is launching an educational program to sell U.S. and foreign leaders and the public on the virtues of the 150-year old state-based insurance regulatory...
S&P Affirms Argo Group US & Operating Companies Ratings; Outlook Stable
Jul 16 2014 // Standard & Poor’s Ratings Services has revised its outlook on U.S.-based intermediary holding company Argo Group US Inc. (AGUS) and its U.S. operating subsidiaries to stable from negative. S&P also affirmed...
Miami Judge Nixes Ban on Lender Suits Against Fontainebleau Officers
Jul 15 2014 // The Fontainebleau Las Vegas LLC bankruptcy trustee may never win court approval for an $83.3 million settlement of lawsuits against former officers, directors and managers. U.S. Bankruptcy Judge A. Jay Cristol in Miami...
Iowa Agent Gets 41 Months in Prison for Defrauding Insurance Companies
Jul 15 2014 // A former Des Moines, Iowa, insurance agent was sentenced to 41 months in prison for insurance fraud, the Iowa Insurance Division announced. Melissa Ilene Williams, of Dike, Iowa, also was ordered to pay restitution for...
