Latest USA Headlines

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

Supreme Court Makes Room for Triple Damages for Intentional Patent Infringement

Jun 14 2016 // The U.S. Supreme Court eased the way for larger damage awards when a company intentionally copies a patented invention.Voting unanimously, the justices said a key federal appeals court had placed overly rigid limits on the...

XL Catlin Names Chubb’s Oh as President of E&S Business in U.S.

Jun 13 2016 // XL Catlin has appointed Stephen S. Oh to lead its Excess & Surplus (E&S) business. As president of XL Catlin’s multi-line E&S operation in the U.S., he will direct regional underwriting operations,...

Judge Questions FedEx Liability for Illegal Drug Shipments

Jun 13 2016 // Proving to jurors that FedEx Corp. is a criminal because it delivered illegal prescriptions from Internet drug stores was never going to be easy. Convincing a federal judge who questioned the “novel...

Why June Storms Are No Harbinger of What’s to Come

Jun 10 2016 // A week into June and two tropical storms have drenched the U.S. South. Perhaps it would be a good time to stock up on duct tape, plywood and sandbags.Unfortunately, using the first few weeks to predict the rest of the...

U.S. Olympian Says Gold Medal Stolen From Car in Atlanta

Jun 10 2016 // An American Olympian is searching for his 1992 gold medal after he says it was stolen by thieves who broke into his car in Atlanta.Joe Jacobi won a gold medal for the U.S. in the two-man canoe slalom event in Barcelona,...

Pandemics and Climate Change Present Opportunity for Insurers

Jun 9 2016 // The shoe may eventually be placed on the other foot for the U.S.This nation has a long-standing tradition of innovating products and ideas – particularly insurance products – and then exporting them to other countries....

U.S. Wants Safety ‘Two Times Better’ for Autonomous Cars

Jun 9 2016 // Self-driving cars must increase safety at least twofold to make a real dent in the 38,000 lives lost on American roads last year, the U.S. auto-safety chief said as the federal government prepares to release rules for...

Here’s How Autonomous Car Sales Will Accelerate in Next Two Decades

Jun 9 2016 // Global sales of autonomous vehicles will reach nearly 21 million vehicles by 2035, a substantial increase from previous estimates, according to a forecast from the automobile industry information firm IHS Automotive.By...

U.S. Treasury Unit Reviews Fosun’s Acquisition of Ironshore

Jun 8 2016 // U.S. authorities are conducting a review of China’s Fosun Group’s acquisition in November 2015 of Bermuda-based insurer Ironshore.The Committee on Foreign Investment in the United States (CFIUS), part of the...

Congress Passes Bill Updating Chemical Safety Law

Jun 8 2016 // The U.S. Senate passed legislation on Tuesday that would revamp federal chemical safety protections for the first time in decades, sending it to President Barack Obama for his expected signing into law.The Senate approved...

Court Hears Appeal of Expanded Joint Employer Liability Rule

Jun 8 2016 // A California waste management company at the center of a closely watched case told a U.S. appeals court on Tuesday that the new U.S. labor board standard for “joint employment” is so broad and vague that it...

Insured Losses from Australia’s Storms Rise to $41.6M

Jun 8 2016 // The Insurance Council of Australia (ICA) has expanded the footprint of the latest insurance catastrophe to include the east coast of Victoria and Tasmania’s northern and eastern coastlines.The declaration increases...

Aspen Grabs Ladeau, 3 Underwriters from Allied World for U.S. Cyber Team

Jun 7 2016 // Aspen U.S. Insurance is expanding its cyber team and has named Josh Ladeau, formerly with Allied World Assurance Co., as senior vice president for Cyber Risk. Ladeau will focus on the growing the cyber portfolio within...

Supreme Court Rejects Google Appeal of Class Action by Adwords Advertisers

Jun 7 2016 // The U.S. Supreme Court on Monday let stand a lower court’s decision to allow a class action lawsuit against Google Inc. to proceed regarding claims that the company deceived California advertisers about the placement...

Arch Coal’s Bankruptcy Exit Plan Questioned by Environmental Collective

Jun 6 2016 // A coalition of U.S. environmental groups said Arch Coal’s plan to emerge from bankruptcy fails to describe how the coal producer would finance its mine clean-up obligations, according to a filing in a St. Louis...

Tropical Storm Colin Prompts Flood Warnings in Florida, Georgia

Jun 6 2016 // A disorganized Tropical Storm Colin in the Gulf of Mexico is expected to cross Florida overnight threatening evacuations in the state’s northern and central regions before striking the Georgia and South Carolina...

How Gig Economy Is Using Private Arbitration to Win on Labor Classification

Jun 6 2016 // Sharing economy workers’ best shot at suing to rewrite the rules of their employment may soon pass them by. As judges last Thursday considered settlements that will leave Uber Technologies Inc. and Lyft Inc. drivers...

People Are Key to a CFO’s Success: QBE’s Group CFO Regan

Jun 6 2016 // When discussing his career as a chief financial officer, Patrick Regan, group chief financial officer for QBE, emphasizes the importance of people and the team the CFO builds.“You’re only as successful as the...

Federal Reserve Unveils New Proposed Capital Rules for Large Insurers

Jun 5 2016 // American International Group Inc. and Prudential Financial Inc.’s new capital rules should reflect the insurance business’s differences from Wall Street banking, the Federal Reserve said in a proposal to limit...

Lying About Gulf Oil Spill Size to Investors to Cost BP $175M

Jun 3 2016 // BP Plc said it agreed to pay $175 million to settle claims by U.S. investors that its managers lied about the size of the 2010 Gulf of Mexico oil spill to prop up its stock price, removing the company’s last major...