Latest USA Headlines

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

Takata Ordered to Expand Recall in U.S. to 40 Million Air Bags

May 5 2016 // Takata Corp. has been ordered to replace as many as 40 million additional air bags linked to deadly malfunctions, more than doubling what was already the biggest auto recall in U.S. history and putting more pressure on the...

U.S. Consumer Rules Would End Mandatory Arbitration Clauses That Limit Class Actions

May 5 2016 // A U.S. consumer watchdog on Thursday proposed new rules to block credit card companies, banks and other companies from forcing customers to waive their rights to join class action lawsuits and only settle disputes through...

Health Insurers Next on Justice Department’s Antitrust Agenda

May 5 2016 // Bill Baer was the ultimate Washington antitrust insider when he came to the Justice Department in 2013: At law firm Arnold & Porter LLP, he’d counseled the biggest U.S. companies, including deal machine General...

MAPFRE Appoints Tamayo as CEO of International; Castelo Named CEO of US Unit

May 5 2016 // Madrid-based MAPFRE S.A. has promoted Jaime Tamayo as CEO of the international territorial area.In his new responsibilities, Tamayo will oversee three regions at MAPFRE: the North America region; the EMEA region,...

Hartley to Lead U.S. General Liability for Liberty International Underwriters

May 4 2016 // Liberty International Underwriters (LIU) has named Casey Hartley as U.S. General Liability product line leader. Based in Atlanta, Miss., Hartley will have responsibility for the technical underwriting, portfolio...

Japanese Insurers Expected to Continue U.S. Spending Spree: Investment Bankers

May 4 2016 // Japanese insurers made more than $18 billion worth of acquisitions in the U.S. last year, and their spending spree isn’t over yet, industry dealmakers said on Tuesday.Japan has a number of large, healthy insurers...

Buffett Has No Love for High-Priced Money Managers; Says Even a President Trump Couldn’t Derail U.S. Economy

May 4 2016 // Warren Buffett’s biggest investment tip: Be wary of fees.At the annual meeting of his Berkshire Hathaway Inc., the billionaire warned about the enduring risk of derivatives, defended stocks in his portfolio and...

Medical Errors Now Third Leading Cause of Death in the U.S.: Study

May 4 2016 // Medical errors in the U.S. account for more than 250,000 deaths per year, which makes them the third leading cause of death in the country, according to researcher at the Johns Hopkins University School of Medicine.Johns...

Commercial Auto Insurance Remains a Loser on the Whole: Fitch

May 3 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...

Supreme Court Denies BP Investors’ Class Action Over Losses Tied to Gulf Oil Spill

May 2 2016 // The U.S. Supreme Court on Monday declined a request from shareholders seeking to revive their class action lawsuit against BP claiming the British oil company misrepresented its safety procedures prior to the 2010 Gulf of...

AIG Selling $1.2 Billion Worth of Shares in China’s PICC P&C: Report

May 2 2016 // American International Group is offering for sale about $1.2 billion worth of shares in China’s PICC Property and Casualty Co. Ltd. (PICC P&C) in a block deal, IFR said on Saturday, citing a term sheet of the...

Employers Pay as 32% of Opioids Prescriptions Are Abused: Report

May 2 2016 // Nearly one out of every three (32 percent) opioid prescriptions, which are subsidized by America’s employers, is being abused, according to a report by a healthcare data and technology company.San Francisco-based...

Large Insurers Eager But Cautious About Drone Insurance Market

Apr 29 2016 // A growing number of insurance companies envision a large, robust insurance market for liability and property coverage associated with drone use. However, many insurers currently are proceeding with caution in light of...

Climate Change and The Conservative Republican

Apr 28 2016 // If you’re a conservative Republican, there’s a decent chance that you believe in climate change.Compared with two years ago that is. Don’t tell this to Rush Limbaugh or presidential hopeful Donald Trump....

Willis Capital Markets & Advisory Appoints Lien as Managing Director, Hong Kong

Apr 28 2016 // Willis Towers Watson has appointed Vincent Lien as managing director of Hong Kong for Willis Capital Markets & Advisory (WCMA), the firm’s investment banking business.Reporting to WCMA co-CEOs, Michael Guo and...

President Obama Gets Trade Secret Protection Bill Passed by Congress

Apr 28 2016 // The U.S. Congress on Wednesday passed and sent to President Barack Obama legislation strengthening legal protection for companies’ trade secrets, including manufacturing processes and computer methods.The House of...

Robot Cars Complain About Humans’ Poor Roads, Lane Markings, Signage

Apr 28 2016 // Volvo’s North American CEO, Lex Kerssemakers, lost his cool as the automaker’s semi-autonomous prototype sporadically refused to drive itself during a press event at the Los Angeles Auto Show.“It...

Central U.S. States Hit with Tornadoes, Strong Storms

Apr 27 2016 // A powerful spring storm brought strong winds and baseball-sized hail to several central states on April 26, with tornadoes spotted in Kansas and Oklahoma as the severe weather marched east, forecasters said.The storm...

Mitsubishi Motors Faces Uncertain Future as Fuel Test Scandal Deepens

Apr 27 2016 // For the second time in about a decade, Mitsubishi Motors Corp. faces a scandal that poses an existential threat.The Japanese automaker has improperly tested the fuel economy of its cars for the past quarter century,...

Investors Back Trov, On-Demand Platform for ‘Insurable Moments’ and Items, with $39M

Apr 26 2016 // Investors have pledged $39 million for a technology platform that allows consumers to insure their valuable things and turn the coverage on and off whenever they want with swipe of a finger on their smartphone.In the words...