Latest USA Headlines

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

Wells Fargo Considers Selling Crop Insurance Unit

Aug 12 2015 // Wells Fargo & Co may divest its crop insurance business, one of the biggest in the United States, a spokeswoman told Reuters on Tuesday, as regulatory restrictions on U.S. banks force some to reconsider underwriting...

U.S. Safety Board Focuses on Driver Fatigue in Tracy Morgan Crash

Aug 11 2015 // A Wal-Mart Stores Inc. driver who struck a limo van carrying comic Tracy Morgan last year had been awake for 28 hours and worked almost 14 hours at the time of the accident, U.S. investigators found.The National...

Below-Normal Atlantic Hurricane Season Now Even More Likely: NOAA

Aug 10 2015 // The U.S. Climate Prediction Center’s updated 2015 Atlantic Hurricane Season Outlook calls for a 90 percent chance of a below-normal hurricane season. A below-normal season is now even more likely than predicted in...

Navigators Group Settles Probe Into Iran, North Korea Sanctions Violations

Aug 10 2015 // Navigators Group Inc., the insurer that focuses on marine risks, agreed to settle a U.S. probe that it violated sanctions through deals tied to banned nations.Navigators will pay about $272,000 to resolve the liability for...

Prosecutors Want Life Sentence in Georgia Peanut Exec Salmonella Case

Aug 10 2015 // Federal court officers have recommended a sentence of life in prison for a peanut company executive convicted of selling salmonella-tainted food, a move that attorneys on both sides called “unprecedented” for a...

Atlas General Insurance Services is Ranked as One of the 2015 Best Places to Work in San Diego

Aug 7 2015 // San Diego, CA, August 7, 2015 – Atlas General Insurance Services, LLC was recently named as one of the Best Places to Work in San Diego. The annual list of the Best Places to Work in San Diego was created by the San...

Munich Re Launches Inland Flood Insurance Product for U.S. Homeowners

Aug 6 2015 // Munich Reinsurance America, Inc. has launched a new personal lines inland flood insurance product designed to provide more options for homeowners in low-to-moderate-hazard flood zones.According to the National Flood...

Companies Must Report CEO-to-Worker Pay Ratio Under New SEC Rule

Aug 5 2015 // The U.S. Securities and Exchange Commission approved a rule Wednesday requiring companies to reveal the pay gap between the chief executive officer and their typical worker, handing a new weapon to groups protesting rising...

U.S. Appeals Court Rejects Ecuador Challenge to $96 Million Chevron Award

Aug 5 2015 // A U.S. appeals court on Tuesday rejected Ecuador’s challenge to a $96 million international arbitration award in favor of energy giant Chevron Corp, marking the latest twist in a decades-long dispute over the...

AIG Insurance Results Down in Q2; CEO Sees Opportunity in ACE-Chubb

Aug 4 2015 // American International Group Inc. (AIG) today reported net income of $1.8 billion for the quarter ended June 30, 2015, compared to $3.1 billion, for the second quarter of 2014. Second quarter net income declined primarily...

AXA’s First-Half 2015 Profits up 2.3% on U.S., French Life Insurance Gains

Aug 4 2015 // French insurer AXA SA said first-half profit rose 2.3 percent, helped by higher life-insurance earnings in the U.S. and France.Net income at France’s biggest insurer climbed to €3.08 billion ($3.37 billion) from...

Negotiators Fail to Reach Pacific Trade Pact; More Talks Expected

Aug 3 2015 // High-level negotiations in Hawaii on a trade agreement in the Pacific Rim wrapped up without a final deal as disagreements over dairy and vehicle policies trumped progress in other areas. The dialogue may resume within...

Car Hacking Risk Could Be More Widespread

Aug 3 2015 // The cybersecurity issues that led Fiat Chrysler Automobiles NV to recall 1.4 million vehicles this month could pose a problem for cars and trucks from other automakers, the top U.S. auto safety regulator said on...

Neiman Marcus Ruling Aids Plaintiffs in Data Breach Class Actions

Aug 3 2015 // Data breaches at big retailers are becoming almost commonplace, and class actions by affected consumers are typically not far behind.Now, a federal appeals court in Chicago has made it harder for retailers who are hacked...

People – Midwest

Aug 3 2015 // Westfield Insurance, a super-regional property and casualty insurance carrier based in Westfield Center, Ohio, hired Robyn Hahn as the new role of group marketing and communications leader.Hahn will assume overall...

New Madrid Report Shows Need for Quake Insurance, Missouri Insurance Director Says

Aug 3 2015 // Missouri’s top insurance regulator says a new report on exposures within the reach of the New Madrid seismic zone reinforces the need for residents in affected areas to purchase earthquake insurance.Missouri...

U.S. Appeals Court Sides with Kansas Drivers in FedEx Employee Status Case

Aug 3 2015 // In early July, FedEx lost a round in employment practices litigation over whether or not its drivers are employees of the company under Kansas labor statutes.On July 8, the U.S. Court of Appeals for the 7th Circuit agreed...

Insured Catastrophe Losses Fell 36% in First Half of 2015

Aug 3 2015 // Property/casualty insurers’ catastrophe losses in North America for the first-half of this year were down 36 percent to $8.1 billion from 2014’s total of $12.6 billion, making it the lightest catastrophe first...

Evolving Consumer Base Is Changing Personal Lines: Conning

Aug 3 2015 // There are “far-reaching implications” for personal lines insurers and the products and services they provide as the U.S. continues to undergo changes in its demographic structure, an industry report states.The...

Deal Activity Still Impressive

Aug 3 2015 // Deal count for the second quarter of 2015 was one of the most active quarters on record with 87 announced transactions. The total deal count for year-to-date 2015 (as of July 6, 2015) was at 187 (U.S. based transactions)....