Latest USA Headlines

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

Hurricane Sandy Judges Demand Clearing of Settlement Roadblocks

Apr 28 2015 // Federal officials and flood insurance companies were chastised by a panel of New York judges for imposing delays on settlements with hundreds of Hurricane Sandy victims who alleged their claims were wrongfully denied or...

Meadowbrook Insurance Shareholders Approve Acquisition by Fosun

Apr 28 2015 // Meadowbrook Insurance Group, Inc., headquartered in Southfield, Mich., announced that the group’s shareholders have formally approved the pending acquisition of Meadowbrook by Fosun International Limited.In late...

FSOC’s Woodall Warns of ‘Inappropriate’ Global Influence On U.S. Policy

Apr 28 2015 // Roy Woodall, a member of the U.S. panel charged with preventing another financial crisis, said he is concerned that global regulators have too much influence over policy in Washington.“International regulatory...

Bird Flu ‘Catastrophe’ Growing in Midwest

Apr 24 2015 // Deadly bird flu swelled in the poultry industry in Minnesota and neighboring Wisconsin amid speculation that winds may be carrying virus particles into facilities housing turkeys and chickens.“This is a catastrophe...

Ruling in Post-Katrina Flooding Suit Expected in Early May

Apr 24 2015 // A decade-old lawsuit seeking damages from the U.S. government over flooding from Hurricane Katrina and other storms is moving closer to resolution, and a judge’s latest filing indicates that at least some damages...

IRS Weighs Rules on Hedge Fund Managers’ Use of Reinsurance

Apr 24 2015 // Hedge fund managers including billionaire John Paulson won’t immediately face new limits on their use of insurance in offshore tax havens, after the IRS proposed rules and chose not to make them effective now.The...

House, Senate Committees Pass Trade Authority Bills

Apr 23 2015 // Legislation to speed trade deals through the U.S. Congress cleared through a key committee on Thursday, but low Democratic support signaled a looming battle over a Pacific trade pact central to President Barack...

Earth Day, Climate Change and Drought

Apr 23 2015 // As much of the U.S. and the rest of the planet celebrated Earth Day, California politicos and leaders squabbled over how best to deal with the ongoing drought – which may or may not be caused by climate change, depending...

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...