Latest USA Headlines

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

House Passes Cyber Threat Sharing Bill

Apr 23 2015 // The U.S. House of Representatives passed a bill on Wednesday that would make it easier for private companies to share information about cybersecurity threats with each other and the government without fear of lawsuits.The...

Court Approves NFL’s Concussion Injury Settlement

Apr 23 2015 // The National Football League won final court approval of a $765 million settlement of ex-player head-injury claims, overriding criticism that the money still falls short and the deal terms are unfair.The decision ends...

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

Apr 23 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...

Judge Challenges Legality of U.S. Taking Over AIG During Bailout

Apr 23 2015 // The judge weighing a $25 billion investor lawsuit over the 2008 bailout of American International Group Inc. challenged U.S. arguments that assuming control of the insurer didn’t amount to taking shareholder...

Aspen Reports Q1 After-Tax Net Income of $128M; Combined Ratio of 88.9%

Apr 23 2015 // Bermuda-based Aspen Insurance Holdings Limited reported after tax net income of $128.0 million, or $1.87 diluted net income per share, for the first quarter of 2015, compared with $120.4 million, or diluted net income per...

Florida Gov. Scott Agrees to Limit Drug Testing of State Employees

Apr 23 2015 // Florida Gov. Rick Scott’s long running battle over whether the state could drug test state workers is finally coming to an end.Scott and the union that represents state workers have reached a settlement in the case...

House Expected to Pass Cyber Threat Sharing Bill Today

Apr 22 2015 // The U.S. House of Representatives is expected to consider, and pass, on Wednesday a long-awaited bill that would make it easier for companies to share information about cybersecurity threats with the government without...

Greenberg May Have Advantage with Judge Deciding AIG Bailout Challenge

Apr 22 2015 // Former American International Group Inc. Chairman Maurice “Hank” Greenberg claims the U.S. bailout of the company cheated shareholders out of at least $25 billion.On Wednesday, the judge presiding over his...

Insurers with $6 Trillion Mull Mortgage Loans, Private Equity: Goldman Sachs

Apr 22 2015 // Global insurers who oversee more than $6 trillion in assets plan to invest capital in commercial mortgage loans and private equity this year to generate higher returns, a Goldman Sachs Asset Management survey...

Public Corruption Probe Targets Trinity Guardrails, Federal Highway Agency: Sources

Apr 21 2015 // The U.S. Justice Department is conducting a criminal investigation into the use of a highway guardrail system linked to at least eight deaths, according to people familiar with the matter, signaling a new wave of potential...

Compare.com CEO’s Vision for the Future – Right or Wrong

Apr 21 2015 // As early as 2016 or 2017 commercial insurance will likely be bought and sold regularly over the Internet.That likely-to-be controversial opinion is courtesy of Compare.com CEO Andrew Rose. As he speaks to a reporter, in...

Recovery Slow for Gulf Oyster Industry 5 Years after BP Spill

Apr 21 2015 // Five years after the largest oil spill in U.S. history spewed millions of gallons of crude into the Gulf of Mexico, many Louisiana oystermen are fearful that a once-bountiful population of the mollusks may never...

EU Mounts Fresh Bid to End U.S. Reinsurance Collateral Rule

Apr 21 2015 // The European Union will mount a fresh bid to persuade the United States to free up the billions of euros in collateral it requires foreign reinsurers to set aside against policies.EU states agreed on Tuesday to give the...

Insurers Urge Faster OK for Drones in Disaster Response

Apr 21 2015 // U.S. companies including insurers and aerospace manufacturers urged federal aviation regulators on Tuesday to speed up the use of drones in disaster response and relief operations in the United States.A report sponsored by...

Duffy Takes Helm at Canopius in U.S.; Bird, Fowles Promoted

Apr 20 2015 // Canopius Group Limited, the global specialty insurance and reinsurance unit of Sompo Holdings, has made changes to its U.S. management line-up, including naming Mike Duffy as executive chairman of U.S....

Pfizer Wins First of 1,000 Suits Claiming Antidepressant Zoloft Link to Birth Defects

Apr 20 2015 // Pfizer Inc.’s Zoloft antidepressant didn’t cause a boy’s birth defects, a jury concluded in the first trial of more than 1,000 lawsuits over what was once the U.S.’s most popular mood-altering...

EEOC Alleges Maryland Insurance Administration Violated Equal Pay Act

Apr 20 2015 // The U.S. Equal Employment Opportunity Commission (EEOC) has filed a lawsuit against the Maryland Insurance Administration (MIA), alleging that Maryland’s insurance regulatory agency paid its women investigators and...

10 Things to Know About Cyber Risks in Public Entities

Apr 20 2015 // The per capita cost of a data breach to the public sector is $172 per record, according to the “2014 Cost of Data Breach Study: United States” — Ponemon Institute Public sector companies have the highest...

Tennessee Benefit Limits for Undocumented Workers Ruled Unconstitutional

Apr 20 2015 // A Nashville judge has found a state law that limits the amount of workers’ compensation benefits laborers living in the U.S. illegally can receive is unconstitutional.The ruling stems from the case of a Guatemalan...

Judge Agrees to Hear Opponent of NCAA $75M Concussion Settlement

Apr 19 2015 // A U.S. judge declined to immediately approve the National Collegiate Athletic Association’s $75 million settlement of a lawsuit by college athletes who’ve suffered head injuries, giving a critic of the accord...