Latest USA Headlines

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

Mulray Joining Everest National as Chief Underwriting Officer for U.S.

May 11 2015 // Everest Re Group Ltd. said that Michael Mulray will be joining the company as chief underwriting officer for the U.S. insurance operations of its Everest National Insurance Co.Mulray joins Everest from General Electric...

BP Wins Bid to Appeal Some Gulf Oil Spill Damage Claims

May 11 2015 // A U.S. federal appeals court said on Friday BP Plc deserves the right to appellate review of some damage claims awarded to people and businesses in connection with the 2010 Gulf of Mexico oil spill.The decision by the 5th...

Toward Sensible Risk Management of Earthquake Risk in Energy Production

May 11 2015 // Underground disposal of waste water produced from oil and natural gas wells has been blamed for triggering thousands of small earthquakes in Oklahoma and a number of other U.S. states since 2009.Heightened seismic activity...

No Libel in HBO Sporting Goods Child Labor Broadcast, Jury Says

May 11 2015 // A U.S. jury cleared HBO of libel claims on Friday in a lawsuit brought against the Time Warner Inc. subsidiary by a British sporting goods company over a report linking it to child labor in India.Miter Sports...

U.S. Seeks Dismissal of MetLife Suit Challenging Systemic Designation

May 8 2015 // MetLife Inc.’s lawsuit challenging its designation by regulators as critical to the economy should be thrown out, U.S. Justice Department lawyers said without making public their arguments to the judge.MetLife on...

Nepal Quake Biggest April Disaster: Aon Benfield/Impact Forecasting

May 8 2015 // Aon Benfield’s Impact Forecasting’s monthly catastrophe report for April highlights the catastrophic damage throughout Nepal, India, China, and Bangladesh, caused by the magnitude-7.8 earthquake that struck...

Parties Confer on Damages After Ruling in Katrina Flood Lawsuit

May 7 2015 // Days after a federal judge ruled that the U.S. government bears responsibility for hurricane-related flooding blamed on a now-closed shipping channel, attorneys in the case were preparing to discuss damages.A Wednesday...

Oil Train Derails, Catches Fire in North Dakota

May 7 2015 // A BNSF train carrying crude oil owned by Hess Corp derailed and caught fire in North Dakota on May 6, forcing the evacuation of a nearby small town just days after the United States and Canada announced reforms to improve...

Beyond Cars and Drones, Google Sees Pilotless Airlines

May 6 2015 // The chief of Google Inc.’s experimental cargo-drone program wants to see automated flight go beyond pilotless planes and extend to commercial air travel.Just as automation has proved its worth in factories by...

First Licensed Autonomous Freight Truck Hits the Road in U.S.

May 6 2015 // In a ceremony at Hoover Dam, Daimler Trucks North America (DTNA) unveiled the Freightliner Inspiration Truck, what it says is the first licensed autonomous commercial truck to operate on an open public highway in the...

Hannover Re’s Q1 Net Income Increases 20.1% to $311.8 Million

May 6 2015 // During the first quarter, Hannover Re generated net income of 279.7 million euros ($311.8 million), a 20.1 percent increase over the 233.0 million euros ($260 million) reported for the same period last year.“The fact...

Florida Commissioner McCarty Touts State Regulation Before Congress

May 6 2015 // Florida Insurance Commissioner Kevin McCarty championed flexible state insurance regulation and warned against “one-size-fits-all” bank-like regulation for insurers in recent testimony before the U.S. Senate...

U.S., Canada Agree on Oil Train Safety Mandates

May 5 2015 // Almost two years after an unattended oil train derailed and exploded in Quebec, killing 47 people, the U.S. and Canadian governments jointly set new rules designed to reduce the risks of hauling crude by rail.Newly built...

Insurers Warn Against Encroachment on State Regulation

May 5 2015 // Insurance companies are calling for Congress to ensure state-based insurance regulation remains protected from federal or international “regulatory encroachment.”“Congress must now increase its oversight...

Corporations Push for Fewer U.S. Drone Restrictions

May 5 2015 // As U.S. regulators study how to govern commercial drones, corporate America is plunging ahead on using unmanned aircraft in a bid to speed the process and win concessions on proposed restrictions.Large companies including...

Canadian Oil Trains Shift to Carry Less-Volatile Crude

May 5 2015 // A growing share of Canadian oil-by-rail traffic is made up of tough-to-ignite undiluted heavy crude and raw bitumen, say industry executives, as companies scramble to cut expenditures with the price of crude down more than...

Federal Judge Says U.S. Liable for Some Katrina Flooding in Louisiana

May 4 2015 // Ruling in a nearly decade-old lawsuit, a judge in Washington said on May 1 that the federal government is responsible for some of the catastrophic flooding that followed Hurricane Katrina and other storms — flooding...

AIG Could Follow GE’s Move to Shed ‘Too-Big-to-Fail’ Tag

May 4 2015 // American International Group Inc., the insurer that received a $182.3 billion bailout, said it would weigh reshaping the company to escape the U.S. government risk tag that brings greater regulatory oversight.“The...

People – West

May 4 2015 // Lloyd’s of London named Richard Magrath regional director for its Western U.S. region.Magrath will be based in Los Angeles, Calif., with responsibility for market development activities in California, Oregon,...

‘Hungry’ Insurers Continued to Cut Commercial Prices in Q1: CIAB

May 4 2015 // Insurance brokers report that the commercial property/casualty market continued to soften in the first quarter of 2015, with large accounts seeing the biggest price declines.On average, small, medium and large accounts...