Latest USA Headlines

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

Arkansas Man Gets Five Years in Prison for $1.6M Insurance Fraud

Jan 13 2017 // A Fort Smith, Ark., man has been sentenced to five years in federal prison plus three years of supervised release for defrauding insurance customers, federal authorities say.Kenneth Elser, United States Attorney for the...

U.S. and EU Reach Agreement on Insurance Regulation

Jan 13 2017 // United States and European Union negotiators say they have reached an agreement on reinsurance and insurance regulation. The agreement covers three areas of insurance oversight: reinsurance, group supervision and the...

U.S. Charges Chrysler with Diesel Emissions Cheating

Jan 13 2017 // Fiat Chrysler Automobiles NV was accused of violating pollution laws with 104,000 diesel vehicles, sending the shares plunging on the prospect the automaker may follow Volkswagen AG in facing billions of dollars in...

6 Key Trends in Workplace Litigation for 2017

Jan 13 2017 // The environment for employment litigation has more than ever been shaped by Supreme Court judges and settlements for wage and hour class actions rose in 2016 while those for other employment-related claims fell, according...

Takata Nears $1 Billion Settlement with U.S. Over Faulty Air Bags

Jan 13 2017 // Japan’s Takata Corp. is expected to plead guilty to criminal wrongdoing as early as Friday as part of a $1 billion settlement with the U.S. Justice Department over its handling of air bag ruptures linked to 16 deaths...

More Drug Companies Vow to Limit Price Increases

Jan 13 2017 // Grappling with a backlash against high U.S. prescription drug prices, more pharmaceutical companies are pledging to limit annual increases to under 10 percent – but the tactic is doing little to salve critics,...

New Climate Index Shows Extreme Weather Is Now 3 Times More Frequent

Jan 12 2017 // Extreme weather over the last five years has been occurring with a regularity that’s about three times the norm, according to a newly created index from a group of number crunchers.The Actuaries Climate Index, which...

Reinsurance Capacity Still Outpaces Demand Growth: Aon Benfield

Jan 12 2017 // Capacity continues to outpace the growth of reinsurance demand despite insurers’ continued efforts to optimize their view of reinsurance as capital and expand into growing lines of business and innovation, according...

Gaps in Insurance Cover Expose Shipping Firms to Cyber Risks

Jan 12 2017 // Shipping companies grappling with the threat of cyber attacks on vessels are finding insurance policies often fall short, officials involved in both industries say, a risk that could feed through into global...

U.S. Chamber Faces Challenges with Trump on Key Issues

Jan 11 2017 // The largest U.S. business lobby group on Wednesday said it could be a mistake to quickly repeal Obamacare without developing a replacement healthcare insurance plan and urged the incoming Trump administration not to erect...

Reuters: Beyond Flint, Thousands of Areas in U.S. Struggle with Lead Poisoning

Jan 11 2017 // On a sunny November afternoon in St. Joseph, Missouri, birthplace of the Pony Express and death spot of Jesse James, Lauranda Mignery watched her son Kadin, 2, dig in their front yard. As he played, she scolded him for...

House Kicks Off Year by Passing Sports Team Doctors’ Liability Bill

Jan 11 2017 // As Alabama and Clemson prepared for the national college football championship game kick-off the other day, the U.S. House of Representatives passed a bill on liability rules for sports medicine physicians and athletic...

Exiting U.S. Trade Rep Urges Trump to Uphold Trans-Pacific Trade Deal

Jan 11 2017 // President Barack Obama’s departing chief trade negotiator warned the Trump administration on Tuesday that it risked abdicating U.S. leadership in Asia by scrapping Obama’s 12-country Pacific Rim free trade...

Volkswagen Agrees to $4.3 Billion U.S. Settlement Over Emissions Fraud

Jan 11 2017 // Volkswagen AG confirmed on Tuesday it has negotiated a $4.3 billion draft settlement with U.S. regulators to resolve its diesel emissions troubles and plans to plead guilty to criminal misconduct.The guilty plea is part of...

MF Global’s Corzine to Pay U.S. Regulator $5 Million Over Firm’s Collapse

Jan 10 2017 // Jon Corzine, former New Jersey governor and Goldman Sachs co-chairman, will pay a $5 million civil fine to settle a U.S. regulator’s lawsuit over the 2011 collapse of his commodity brokerage, MF Global Holdings...

Floods, Other Major Climate Events Cost U.S. $46 Billion, 138 Lives in 2016

Jan 10 2017 // During 2016, the United States experienced 15 weather and climate disasters with insured and uninsured losses exceeding $1 billion each across the United States.Overall, these events resulted in the deaths of 138 people...

Is Soft Market Bottoming? A.M. Best Points to Some Promising Signs

Jan 10 2017 // Some observers believe the bottom of the reinsurance market may be in sight because brokers are having greater difficulty filling out underpriced programs and further concessions in terms are difficult to obtain, according...

Louisiana Governor: Homeowners Should Get Flood Plan Money by April

Jan 9 2017 // Louisiana has submitted its plan to spend $438 million in federal flood aid, and Gov. John Bel Edwards’ administration says money should begin flowing for recovery work by April, even as the state continues to...

Supreme Court Lets Stand Websites’ Liability Shield in Child Sex Trafficking Case

Jan 9 2017 // The U.S. Supreme Court on Monday let stand a lower court’s decision that an online advertising site accused by three young women of facilitating child sex trafficking was protected by a federal law that has shielded...

ICAT Syndicate 4242 & Neon Partner to Underwrite Large U.S. Property

Jan 9 2017 // ICAT Syndicate 4242 at Lloyd’s, a U.S. catastrophe-exposed property underwriter, and Neon, a specialist Lloyd’s underwriter, have partnered in a reciprocal capacity arrangement to bring additional per risk...