Latest USA Headlines

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

Ex-U.S. Security Chief Ridge, Guy Carpenter, Lloyd’s Launch Cyber Policy

Oct 7 2014 // Reinsurance specialist Guy Carpenter & Co. is launching a new cyber privacy and network protection product with Ridge Insurance Solutions Co., a new Lloyd’s managing agency led by Tom Ridge, former U.S. secretary...

Supreme Court Agenda Includes Key Business Cases

Oct 7 2014 // Gay marriage may be the most anticipated issue heading for the U.S. Supreme Court, but the justices also must tackle a host of business cases as they convene for their new term, including a patent battle involving Teva...

Willis’ Ryan Joins Marsh As Gaming Practice Leader

Oct 7 2014 // Insurance broker Marsh has named Christian Ryan, a real estate, gaming and hospitality insurance broker, as its U.S. Gaming Practice leader. Christian Ryan Ryan joins Marsh from Willis North America where he has spent the...

NYC’s Waldorf Astoria to Be Biggest Chinese Real Estate Purchase in U.S.

Oct 7 2014 // New York City’s Waldorf Astoria hotel is set to become the biggest prize yet for buyers from China who have been pouring money into U.S. real estate as they seek stable investments outside their...

Ex-Treasurer Paulson Defends AIG’s Harsh Loan Terms

Oct 6 2014 // American International Group Inc. received harsher terms than other financial institutions in the 2008 financial crisis because regulators needed to send a message to markets that government help would cost them, Henry...

Marijuana Report: Federal Government’s Role

Oct 6 2014 // Editor’s Note: This is the fourth in a series of articles on the the marijuana insurance industry to appear on InsuranceJournal.com. Upcoming stories will include regional reports on how medical marijuana is...

P/C Insurers’ Net Income Rose, Operating Income Fell in First Half

Oct 6 2014 // U.S. property/casualty insurers’ net income rose $1.6 billion to $26.0 billion in first-half of 2014 while pretax operating income fell $1.9 billion to $23.9 billion in first-half 2014, a decrease driven by lower...

BP Still Trying to Undo Some Oil Spill Claims Payments to Nonprofits

Oct 6 2014 // BP Plc is seeking to undo payments to some victims of the 2010 Gulf of Mexico spill in a move opposing lawyers warn could open the floodgates to challenging hundreds of thousands of individual damage-claim awards.BP, which...

Hilton to Sell NYC’s Waldorf Astoria to China’s Anbang Insurance for $1.95B

Oct 6 2014 // Hilton Worldwide Holdings Inc., the world’s largest publicly traded hotel operator, agreed to sell the landmark Waldorf Astoria hotel in Manhattan to China’s Anbang Insurance Group Co. for $1.95 billion.Hilton...

MetLife Challenges Systemic Risk Designation

Oct 6 2014 // MetLife Inc., the largest U.S. life insurer, is challenging a U.S. finding that it poses a potential risk to the financial system if it were to fail.MetLife requested a hearing before the Financial Stability Oversight...

My New Markets

Oct 6 2014 // My New Markets is brought to you by Insurance Journal’s sister website: www.mynewmarkets.comBusiness & Commercial Mexico Auto Insurance – MexiPass MxBA program for Mexico Market Detail: MexiPass...

Knowing Clean Technology Customers

Oct 6 2014 // In the next 10 years, the clean technology market is expected to increase by more than 60 percent to nearly $400 billion worldwide, according to Clean Edge’s Clean Energy Trends 2014 Report – creating an enormous...

Surplus Lines Rate Hikes to Slow As Competition Grows

Oct 6 2014 // Two insurance rating entities see slowing rate increases for the surplus lines segment in the coming months as competition grows.Moody’s Investors Service said that the U.S. excess and surplus lines sector is...

Geithner Expected to Testify on AIG Bailout Rate

Oct 5 2014 // Federal regulators cut a “loan sharky” interest rate on an $85 billion bailout loan to American International Group Inc. because it contributed to a debt service problem that threatened the insurer’s...

U.S. Risk Pros and Western World Introduce a New and Improved Private and Non-Profit Organization Directors and Officers Liability Form

Oct 3 2014 // Dallas, TX, October 3, 2014– Effective October 1, 2014, this new form reflects the growing needs of organizations to address the issues confronting them in the 21st century. Coverage consists of Directors, Officers...

AIG Bailout Rushed Without Complete Documentation, Fed Lawyer Testifies

Oct 2 2014 // The Federal Reserve Bank of New York poured billions of dollars into rescuing American International Group Inc. in September 2008 without drawing up documents that would cement the government’s control of the giant...

Federal Judge in Oklahoma Rules Against Health Insurance Subsidies

Oct 2 2014 // Some of the health-insurance subsidies being offered under the Affordable Care Act represent an “abuse of discretion” by the federal government, a federal judge in Oklahoma ruled on Sept. 30, marking another...

80 People Being Monitored in Dallas Ebola Case

Oct 2 2014 // More than 80 people in Dallas are being monitored for symptoms of Ebola after coming into contact with patient Thomas Eric Duncan or others who Duncan had met, health officials said.The people have been asked to report to...

Employee Suit Against Edison Utility in California to Be Heard by Court

Oct 2 2014 // The U.S. Supreme Court on Thursday agreed to weigh whether to revive certain claims made in a class action lawsuit filed by employees against utility Edison International over its pension plan management.The nine justices...

CareRise Granted Third U.S. Patent for Nursing Facility Risk Management

Oct 2 2014 // The U.S. Patent Office has issued a third patent to Tim Goux, CEO of CareRise, a risk management company based in Mandeville, La. The patent further protects the company’s business method to reduce insurance claims...