Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Swiss Re’s Insurance Outlook for 2014/15 Sees Emerging Market Growth
Dec 2 2013 // In an assessment of the prospects for insurance market in 2014/15, Swiss Re’s latest report concludes that “global economic growth will continue to strengthen in 2014, which will in turn “support on-going...
Iran Oil Shipping Insurance Sanction Relief Not Likely Any Time Soon
Dec 2 2013 // A pledge by world powers to ease ship insurance sanctions on some Iranian oil exports is likely to take months to come into effect due to complex law and regulation and to insurers’ unease over providing cover. A...
Obamacare and Agency Value
Dec 2 2013 // Where is the Affordable Care Act headed? Are we prepared? Who will be covered and who won’t? Are we robbing from Peter to pay Paul? The list of questions is endless. The answers are few and far between. In a speech...
Lexington’s Johnson on U.S. Surplus Lines
Dec 2 2013 // The surplus lines industry experienced tough times in 2012. But that hasn’t been the story for 2013, says Jeremy Johnson, president of Lexington Insurance Co., a unit of AIG. In this interview with Insurance...
FEMA: No Extension for Filing Sandy Flood Insurance Suits
Dec 2 2013 // The Federal Emergency Management Agency (FEMA) said it cannot extend the deadline for Superstorm Sandy victims who may want to file lawsuits challenging a denial or disallowance of all or part of their federal flood...
People – Southeast
Dec 2 2013 // Nationwide Mutual Insurance Co. announced that Michael Browne, president and chief operating officer of the Harleysville Insurance, a member of the Nationwide family of companies, will retire effective May 1,...
Obamacare’s Small Business Exchange Site Delayed 1 Year
Dec 1 2013 // Small businesses won’t be able to use the federal government’s health insurance website until November 2014 in most U.S. states, the latest delay for the Obama administration’s health-care system...
Aon Benfield Appoints Smith As President of U.S. Business
Nov 27 2013 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, has appointed Kelly Smith as president of its U.S. business. Smith will report to Bryon Ehrhart, chief executive officer of Aon Benfield...
Weak 2013 Hurricane Season Coming to a Close
Nov 27 2013 // The 2013 Atlantic season has delivered the fewest hurricanes since 1982, U.S. forecasters said, despite their predictions in May that it would be a busier than normal year. Forecasters had predicted 13 to 20 named Atlantic...
Banks Facing $100B More in Costs to Settle Mortgage-Related Cases: S&P
Nov 27 2013 // The largest U.S. banks may need to pay out up to an additional $105 billion to settle legacy mortgage-related issues, but have a capital cushion that would help them absorb these losses, according to a report by ratings...
$300K Awarded to 2 Terminated Ohio Truck Drivers
Nov 26 2013 // Under the terms of a consent judgment, a now defunct North Canton, Ohio-based company, Star Air Inc., and owner Robert R. Custer, will pay two Ohio truck drivers $302,000 to resolve a lawsuit filed by the U.S. Department...
Supreme Court Agrees to Hear Religious Exemption to Birth Control Benefit
Nov 26 2013 // The U.S. Supreme Court will take up a challenge to part of President Barack Obama’s healthcare law by companies claiming a religious exemption to the requirement that they provide birth control coverage for...
U.S. Labor Dept., N.Y. Agencies Team Up to Target Misclassification of Employees
Nov 26 2013 // Officials from the U.S. Department of Labor’s Wage and Hour Division, the New York State Labor Department and the New York State Attorney General’s Office recently signed memoranda of understanding to work...
China, India Succeed in Weakening Warsaw Global Warming Pact
Nov 26 2013 // China and India’s success in weakening the latest global warming agreement created friction with other developing nations that are seeking to step up the fight against climate change. The two countries insisted on...
FEMA Says No Deadline Extension for Filing Sandy Flood Insurance Suits
Nov 25 2013 // The Federal Emergency Management Agency (FEMA) said it cannot extend the deadline for Superstorm Sandy victims who may want to file lawsuits challenging a denial or disallowance of all or part of their federal flood...
Iran Nuclear Deal Easing Up on Shipping Insurance Could Help Oil Sales
Nov 25 2013 // Iran’s nuclear deal with the West is not intended to let more of its oil into the market, the White House said, but an easing of the ban on European shipping insurance may help smooth crude exports to its big Asian...
Progressive Insurance Chairman, Former CEO, Philanthropist Lewis Dies
Nov 24 2013 // Progressive Corp. Chairman Peter B. Lewis, the billionaire who turned a company founded by his father into one of the largest U.S. auto insurers, has died. He was 80. Lewis died Saturday at his home in Coconut Grove,...
Lance Armstrong Settles $3M Insurance Lawsuit
Nov 22 2013 // A day before he was scheduled to give sworn testimony about his use of performance-enhancing drugs, Lance Armstrong reached a settlement on Nov. 20 with an insurance company that was seeking $3 million in performance...
Global Warming Pact Expected from Warsaw Talks
Nov 22 2013 // Envoys from 190 nations are close to agreeing upon the first building blocks for the next treaty aimed at fighting global warming, sketching the way to worldwide cuts in fossil-fuel emissions. The delegates, due to finish...
House, Senate Negotiators Fail to Reach Agreement on Crop Insurance Bill
Nov 21 2013 // House and Senate negotiators adjourned talks on a new agricultural bill until after a congressional recess, increasing the chances of a lapse in programs that could double the price of milk next year. “I’m...
