Latest USA Headlines

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

People – West

Jul 6 2015 // Monterey, Calif.-based Capital Insurance Group has named Andrew Doll vice president and chief actuary.Doll began his insurance career as an actuarial analyst in 1990. Following that he began working for a national...

Flooding Could Cost More Than Louisiana Property Owners Think

Jul 6 2015 // The flood plain manager for the Rapides Area Planning Commission in Louisiana said people whose homes flooded may find that repairs bring them under newer and stricter building standards.Melissa Becker told The Town Talk...

Supreme Court Opinion to Have No Effect on Health Insurers: S&P

Jul 6 2015 // The Supreme Court opinion upholding current tax subsidies under the Affordable Care Act (ACA) will not have any impact on rated U.S. not-for-profit and for-profit health insurance firms because it continues the current...

Crop Insurance Payments for Drought More Than for Flooding

Jul 6 2015 // Farmers are reaping higher yields and ranchers’ feed costs have fallen sharply since flooding swept across the southern U.S. Plains in May, with the record rains providing tangible benefits to agriculture despite...

Plugging the Hole in the U.S. Flood Market: How Risk Modelers Can Help to De-Risk the NFIP

Jul 6 2015 // The National Flood Insurance Program (NFIP) has long been the dominant player in the U.S. flood insurance market, providing subsidized flood insurance based on actuarially unsound rates for millions of property owners, in...

‘Seismicity’: Re/insurers Ponder the Impact of Human-Caused Earthquakes

Jul 6 2015 // Earthquakes, the natural kind caused by the movements of vast tectonic plates, have been occurring since the dawn of time. But now there is a new type of quake, the study of which has been labeled “seismicity,”...

Over 1,300 Claims Filed in Ohio Asbestos Suit

Jul 6 2015 // More than 1,300 damage claims were filed in a northeast Ohio court on behalf of the heirs of Akron-area rubber and auto workers who died or developed serious illnesses from exposure to asbestos.The claims in Summit County...

Illinois’ Harper College, Zurich Team Up for Insurance Apprenticeship Program

Jul 6 2015 // A Chicago-area community college and a global insurance company are creating what they believe is the first-of-its-kind insurance apprenticeship program in the United States and one they hope will become an industry...

BP Settlement Doesn’t Cover Claims by Insurers, Banks, Casinos and Others

Jul 5 2015 // BP Plc’s record $18.7 billion settlement ended government claims over the 2010 Gulf of Mexico oil spill, leaving numerous smaller private lawsuits to be mopped up.While investors, residents and businesses that...

Regulatory Review of Aetna’s Humana Deal Could Affect Other Insurer Deals

Jul 5 2015 // Aetna Inc.’s $37 billion deal to buy smaller health insurer Humana Inc. will face rigorous scrutiny from U.S. regulators, which antitrust experts said could also make other large-scale mergers in the sector more...

Spate of Climate Change Reports Ahead of Global Summit

Jul 2 2015 // Ahead of December’s big and much-talked about United Nations Climate Change Conference, COP21 or CMP11, it seems there’s been an information ramp up of sorts.I’m not just talking about Pope Francis’...

BP to Pay $18.7B Over 18 Years to Settle Spill Claims with 5 States, U.S.

Jul 2 2015 // BP Plc has agreed to a preliminary deal in which it will pay a record $18.7 billion to settle claims by five Gulf states and the U.S. government for the 2010 Deepwater Horizon oil spill, the worst oil spill in the...

Congress Could Get Pacific Trade Pact by Year-End

Jul 1 2015 // U.S. Trade Representative Michael Froman said he hopes to wrap up a trade deal with 11 other Pacific Rim nations soon and send it to the U.S. Congress for approval before the end of the year.Lawmakers last week granted the...

Suit in Deaths Of 19 Firefighters Settled by Families, Arizona

Jul 1 2015 // The state of Arizona has settled a lawsuit brought by a dozen families who lost loved ones when a Hotshot firefighting crew was overcome by a wildfire near the small community of Yarnell.The settlement announced by state...

ACE to Acquire Chubb in $28.3 Billion Deal

Jul 1 2015 // In a major transaction, ACE Limited has agreed to acquire The Chubb Corp. for $28.3 billion in cash and stock.The two firms said the combined company will have complementary businesses, skills and distribution and greater...

Indonesia Military Plane Crash Puts Focus on Aging Aircraft

Jul 1 2015 // The loss of at least 150 lives in the crash of an Indonesian cargo plane raises fresh questions about the military’s reliance on old aircraft and on spending that has prioritized the army over the air force.The...

MetLife Seeks Documents from Systemic Risk Panel

Jun 30 2015 // MetLife asked a federal judge on Monday to force the U.S. government to hand over 500 pages of confidential records that relate to financial regulators’ decision to designate the insurance giant as systemically...

Judge Won’t Recuse Prosecutors on West Virginia Chemical Spill Trial

Jun 30 2015 // A judge will let federal prosecutors keep working on a criminal case over a chemical spill last year in West Virginia, shooting down arguments that prosecutors should be recused from the case because they were among the...

More than 1,300 Claims Filed in Ohio Asbestos Suit

Jun 29 2015 // More than 1,300 damage claims were filed in a northeast Ohio court on behalf of the heirs of Akron-area rubber and auto workers who died or developed serious illnesses from exposure to asbestos.The claims in Summit County...

Supreme Court Rejects BP, Anadarko Appeal of Gulf Spill Fines

Jun 29 2015 // The U.S. Supreme Court on Monday rejected bids by BP Plc and Anadarko Petroleum Corp. to avoid penalties under federal pollution law in connection with the 2010 Gulf of Mexico oil spill.The high court left in place a June...