All the headlines from our USA Topic Page, ordered by recency.
May 24 2016 // Leading U.S. insurers have nearly half-a-trillion dollars invested the fossil fuel energy and the electric and gas utility sectors, according to a report out today that urges state insurance regulators and board members of...
May 24 2016 // A U.S. appeals court on Monday threw out a jury’s finding that Bank of America Corp. was liable for mortgage fraud leading up to the 2008 financial crisis, voiding a $1.27 billion penalty and dealing the U.S....
May 24 2016 // The International Association of Machinists and Aerospace Workers trumpeted an agreement reached earlier this month to represent New York Uber drivers, saying it “gives organized labor an opportunity to shape the new...
May 24 2016 // Specialist insurer Beazley has made several senior hires to expand its environmental liability insurance team in the U.S. The Beazley environmental team now has 20 associates across the U.S., with local underwriting and...
May 23 2016 // The Federal Aviation Administration is establishing a broad-based advisory committee to provide advice on key unmanned aircraft integration issues.Also, under a new policy, the FAA will also make it easier for students to...
May 23 2016 // While the property/casualty industry has reported three consecutive years of significant underwriting profits, the commercial auto market as a whole reported an underwriting loss for the fifth consecutive year in 2015.In...
May 23 2016 // A large percentage of agents’ errors and omissions claims arise from failure to offer flood coverage. By offering flood coverage at the point of the homeowner sale, in addition to offering protection to clients from...
May 23 2016 // Members of your family – specifically those with fur and a bark – are costing the industry mega dollars.Dog bites (and other dog-related injuries) now account for more than one-third of all homeowners liability...
May 20 2016 // Office Concepts Inc., a Fort Wayne, Ind., office product and service store, will pay $45,000 and provide other relief to settle a pregnancy discrimination lawsuit by the U.S. Equal Employment Opportunity Commission (EEOC),...
May 20 2016 // The United States is considering whether to reign in a subsidy on coal mine cleanup costs and in so doing shield taxpayers from those liabilities, a leading regulator for the mining industry said on Wednesday.The program,...
May 19 2016 // XL Group plc announced it has appointed Sean McGovern as chief compliance officer, head of Regulatory & Government Affairs, moving from Lloyd’s of London where he is chief risk officer and general counsel.In this...
May 18 2016 // Bermuda-based Aspen Insurance Holdings Ltd. has appointed new leaders for its insurance and reinsurance segments, in response to the announced retirement of CEO Mario Vitale.Stephen Postlewhite, previously chief executive...
May 18 2016 // A managing director suing Bank of America Corp. for gender discrimination by what she called an in-house “bro’s club” outlined a host of practices — including front-running, lying to customers and...
May 18 2016 // Fosun Group, China’s largest private conglomerate, is aiming to become a world leader in insurance, tourism and healthcare but also has a “clear plan” to reduce its debts, chairman and co-founder Guo...
May 16 2016 // The U.S. Supreme Court on Monday rejected Exxon Mobil Corp’s appeal of a $236 million judgment against the oil company in a case brought by the state of New Hampshire over groundwater contamination linked to a...
May 16 2016 // The U.S. Supreme Court on Monday handed a narrow victory to Spokeo Inc. over the online people-search company’s bid to avoid a class action lawsuit for including incorrect information in its database.The court, in a...
May 16 2016 // A once-powerful New York politician convicted of using his position as Senate majority leader to help his son extort hundreds of thousands of dollars was sentenced May 12 to five years in prison after each asked for mercy...
May 16 2016 // Eight lawsuits have been filed by people seeking damages from a Texas industrial services company that spilled about 12,500 gallons of crude oil in March along and into the Bayou Teche in Louisiana.The Advocate reports the...
May 16 2016 // Vermont is poised to become the first state requiring drug companies to explain their price increases, and Bob and Deborah Messing think that’s a good idea.The Messings live in Montpelier and are in their early 70s....
May 16 2016 // Europe’s biggest software company, SAP, is the subject of a U.S. security alert over a vulnerability the firm disabled six years ago that can still give outside attackers remote control over older SAP systems if the...