Latest USA Headlines

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

National Security Cloud Hangs Over Ironshore IPO

Jul 28 2016 // Chinese acquirers are continuing their buy-and-flip strategy and this time, it’s Fosun International’s turn. However the question isn’t only whether the fundraising will lower the company’s debt...

Pressure Building on AIG CEO Hancock

Jul 27 2016 // The American International Group Inc. chief executive officer has posted three straight quarterly losses and will probably report Tuesday that profit in the three months ended June 30 fell 32 percent, according to analysts...

$14.7B VW Diesel Settlement Gets Preliminary Approval

Jul 27 2016 // Volkswagen AG’s $14.7 billion settlement of its U.S. diesel emissions cheating scandal cleared another legal hurdle on Tuesday, as a federal judge gave the automaker preliminary approval to buy back up to 475,000...

Graduate of Disabled Veterans Insurance Careers Hired to Florida Insurance Agency

Jul 27 2016 // Disabled Veterans Insurance Careers (DVIC), the non-profit organization that helps train, educate and create employment opportunities within the insurance industry for disabled veterans, celebrated the graduation of Joanne...

Oilfield Services Company Sued by EEOC for Disability Discrimination

Jul 26 2016 // Federal officials have sued an oilfield services company for withdrawing a job offer to an applicant because of his diabetes.U.S. Equal Employment Opportunity Commission charged in a lawsuit that Oilfield Instrumentation...

Insurer to Pay $55K to Settle Free Speech Case Over Arrest for Painting U.S. Flag

Jul 26 2016 // A man arrested for painting the letters “AIM” on an American flag that he flew upside-down at his house in protest has settled his free speech lawsuit against the township for more than $55,000.Supervisors in...

P/C Insurers Face Tough Sledding in 2016, Warns S&P

Jul 26 2016 // This year could be a tough one for U.S. property/casualty insurers as catastrophe losses, private passenger insurance woes and declining bond yields erode underwriting results and profitability, according to a report by...

How Brexit Raises Risk of Financial Instability for U.S.

Jul 26 2016 // The U.S. financial system faces greater potential instability due to Britain’s decision to leave the European Union while low and negative interest rates also raise risks, a U.S. government monitor said on Monday.In...

Pen Underwriting Names Scott as Head of Cyber Liability, Driving Cyber Growth

Jul 26 2016 // Pen Underwriting announced that Adrian Scott has been appointed to the newly created role of head of Cyber Liability.Scott takes responsibility for enhancing Pen Underwriting’s capabilities in cyber risk management...

Texas Attorney: Information-Heavy Healthcare a Huge Target for Cyber Crime

Jul 25 2016 // Healthcare organizations contain a wealth of personal information, making them them the number one target for cyber breaches, according to a Houston-based attorney who specializes in healthcare privacy.Lynn Sessions, a...

Judge Expected to Allow Suit Against Trump University to Proceed

Jul 25 2016 // Just hours after Donald Trump accepted the Republican presidential nomination in Cleveland, a federal judge in San Diego said he plans to allow former students who claim to have been cheated by Trump University to take the...

UK Financial Services Firms ‘Will Retain’ EU Passporting Rights: Foreign Secretary

Jul 25 2016 // British Foreign Secretary Boris Johnson said on Friday he expects the U.K. to retain the right for its financial firms to sell services across European Union member states after Britain’s exit from the bloc.Johnson,...

Lawyer Sentenced for Insider Trading on Nationwide-Harleysville Merger

Jul 25 2016 // A former partner at the law firm Fox Rothschild was sentenced on Friday to six months in prison for trading on inside information that a client at his law firm was about to announce a merger, prosecutors said.Herbert...

Marsh Names South as President, US & Canada Unit; APAC, Middle East Realigned

Jul 25 2016 // Marsh announced that it has appointed Martin South as president, U.S. and Canada division, effective Sept. 1, 2016.South will report to John Doyle, president of Marsh, and will be based in Marsh’s New York office. He...

Ironshore Files for IPO in U.S. After A.M. Best Review of Parent Firm Fosun

Jul 25 2016 // Ironshore Inc., the insurer purchased by Chinese conglomerate Fosun International Ltd. last year, filed for an initial public offering in the U.S. after a ratings firm cited concerns about the parent firm’s financial...

Court Rejects Wal-Mart Shareholders’ Claim of Directors’ Liability for Mexican Bribes

Jul 25 2016 // Wal-Mart Stores Inc. executives and directors persuaded a federal appeals court on Friday to reject shareholder claims that they permitted and then covered up pervasive bribery by officials at the world’s largest...

Changing Political Risk Landscape: Religious Extremists, Cyberterrorism Cause Concerns

Jul 25 2016 // In a short period of time, the political risk market has experienced a significant shift in exposures, with new potential threats and different territories now threatened by attacks from religious extremists.Christof...

SLSOT’s Essary Intent on Using Data to Better Communicate with Stakeholders

Jul 25 2016 // Surplus lines may not be the most widely understood segment of the property/casualty insurance industry but for risk managers of large organizations it’s often the go-to market for complicated risks for which...

Growth Partners: Equity Firm Kohlberg Invests in Wholesaler U.S. Risk

Jul 25 2016 // Dallas-based international specialty lines underwriting manager and wholesale broker U.S. Risk Insurance Group Inc. has agreed to partner with the private equity firm, Kohlberg & Co. With capital and two board members...

Tennessee Commish McPeak Elected to Global Insurance Committee Leadership Post

Jul 25 2016 // Tennessee Department of Commerce & Insurance Commissioner (TDCI) Julie Mix McPeak has been elected by her fellow members of the International Association of Insurance Supervisors (IAIS) to serve as vice chair of the...