Latest USA Headlines

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

U.S. Insurers Still Funding Asbestos, Environmental Liabilities: A.M. Best

Jan 5 2015 // The current estimate of net asbestos losses for the U.S. property/casualty industry remains at $85 billion, with net environmental losses estimated at $42 billion, according to a new Best’s Special Report.According...

Global Indemnity Completes Purchase of American Reliable

Jan 5 2015 // Dublin-based Global Indemnity plc’s U.S. affiliate said it has completed its previously-announced purchase of American Reliable Insurance Co. from Assurant Inc.In a transaction valued at approximately $394,000,000,...

JLT Specialty Adds 5 to U.S. Energy Practice

Jan 5 2015 // Insurance and reinsurance broker JLT Specialty Insurance Services Inc., a U.S. subsidiary of Jardine Lloyd Thompson Group plc., announced the appointment of five additional specialists to its Houston-based energy risk...

Indiana Court: US Steel not Responsible for Sleepy Driver’s Crash

Jan 4 2015 // The Indiana appeals court has ruled that U.S. Steel isn’t responsible for a crash involving an employee who apparently fell asleep while driving after an 11-hour overnight work shift. The 3-0 appeals court ruling...

Deputy US Marshal Admits Guilt in Texas Insurance Fraud Scheme

Jan 2 2015 // A San Antonio-based deputy U.S. marshal has pleaded guilty to wire fraud relating to an insurance fraud scheme. According to a statement from the U.S. Attorney’s office, Reynaldo Gonzalez entered his plea in San...

U.S. Drone Regulations Delayed

Jan 1 2015 // The United States missed a year-end deadline for publishing new rules on remote-control aircraft, delaying an eagerly awaited step toward using drones in everything from farming to package delivery.Businesses have been...

North Dakota Officials Reviewing Safety on US Highway 85

Dec 31 2014 // North Dakota’s Transportation Department and Highway Patrol say efforts are being made to increase safety on the major north-south artery in the western oil patch.There have been 25 traffic crash fatalities on the...

U.S. Treasury Releases Report on Global Reinsurance Industry

Dec 31 2014 // The U.S. Department of the Treasury’s Federal Insurance Office (FIO) has released a report outlining the role the global reinsurance industry plays in the U.S. insurance industry.The report, Breadth and Scope of the...

China’s Fosun to Buy Meadowbrook Insurance for $433M

Dec 31 2014 // China investment group Fosun International Limited has agreed to acquire Meadowbrook Insurance Group Inc. of Southfield, Michigan for approximately $433 million, or $8.65 per share in cash.Fosun said that the acquisition...

Corporations Warned Not to Hack Back

Dec 31 2014 // The hacked are itching to hack back.So say a dozen security specialists and former law enforcement officials who described an intensifying and largely unspoken sense of unease inside many companies after the recent breach...

Caution: Pulling Plug on Traffic Cameras Leaves Municipalities in the Red

Dec 30 2014 // Municipalities that installed traffic cameras to boost revenue are scraping for cash to fill budget gaps after complaints by irate drivers forced them to cancel their use.Nassau County on Long Island ended its program...

More Inspections, Fewer Mines Result in Lowest Number of Miner Deaths

Dec 30 2014 // Less than five years after an explosion fueled by excess coal dust killed 29 men deep inside a West Virginia underground mine, the nation’s coal mines are on pace for an all-time low in work-related deaths.Federal...

Looking Back to 2014, Ahead to 2015 at Natural Disaster Activity

Dec 29 2014 // Fewer tornadoes, a mild hurricane season, lower acreage lost to wildfires, overall less flood and other damage— all in all, 2014 was not as bad as it could have been for natural disasters in the U.S.That’s...

Uber Called ‘Criminal Enterprise’ by Philadelphia Cab Owners

Dec 29 2014 // Uber Technologies Inc., facing a legal backlash as it expands globally, was called a “criminal enterprise” in a lawsuit by Philadelphia cab companies seeking to block the on-demand car service from operating in...

The Two Year Reduction in Natural Hazard Damage: A Long-Term Trend?

Dec 29 2014 // This post is part of a series sponsored by CoreLogic.Natural hazards continue to pose a significant risk to properties in the United States and abroad. As we near the close of 2014, it is important to take time to consider...

How One Broker, CGSC, Is Navigating Stages of Entrepreneurial Business

Dec 29 2014 // Entrepreneurial organizations go through stages of growth, says the chief executive of one of the world’s largest wholesale insurance and reinsurance brokerages.Toby Esser, CEO of Cooper Gay Swett & Crawford...

3 Sentenced in Louisiana Auto Insurance Fraud Scheme

Dec 29 2014 // United States Attorney Stephanie A. Finley announced three defendants in an insurance fraud scheme recently received prison sentences. Additionally, one of them was ordered to pay more than $190,000 for staging automobile...

Insurers Dogged by Claims of Slanted Sandy Reports

Dec 28 2014 // When Superstorm Sandy hit the East Coast, flood insurance companies working for the Federal Emergency Management Agency dispatched an army of structural engineers to do some detective work.Their assignment: Find out how...

Report Questions U.S. Readiness, Coordination to Handle Major Disaster

Dec 24 2014 // The U.S. government isn’t fully prepared to handle a nuclear terrorist attack or a large-scale natural catastrophe, lacks effective coordination, and in some cases is years away from ensuring adequate emergency...

U.S. Seeks Up to $18B in Fines From BP Over Gulf Oil Spill

Dec 22 2014 // The government wants BP Plc to pay $16 billion to $18 billion in water-pollution fines for the worst offshore oil spill in U.S. history while seeking more than $1 billion from the co-owner of the blown-out well that caused...