Latest USA Headlines

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

N.J. Sen. Menendez Urges FEMA to Reform NFIP’s Claims Process

Sep 12 2014 // Following up on issues that were raised at the July 30 hearing on post-Sandy flood insurance claims, U.S. Sen. Robert Menendez (D-N.J.) sent a letter on Wednesday, Sept. 10, to Federal Emergency Management Agency’s...

XL Group, Munich Re, New Energy Risk Provide Insurance for Fuel Cell Project

Sep 12 2014 // XL Group’s Complex Accounts unit, Munich Re’s Green Tech Solutions team, and consultants New Energy Risk (NER), have teamed up to deliver a performance insurance policy for a portfolio of fuel cell servers...

California Drivers Lose $44B Over Worn-Out Roads Cost, Report Says

Sep 12 2014 // California’s worn-out, congested roads and bridges are costing drivers $44 billion a year, a report released today shows.Higher vehicle operating costs, congestion-related delays and traffic accidents cost $2,458 per...

U.S. Treasury Eyes Hedge Funds’ Use of Low-Tax Bermuda Reinsurers

Sep 12 2014 // The U.S. Treasury Department said it’s considering ways to end a “loophole” that allows hedge- fund managers to avoid taxes by routing their investments through an insurance company in low-tax countries...

Court Denies Players’ Appeal of NFL Concussion Claims Deal

Sep 12 2014 // A group of retired National Football League players can’t appeal a judge’s preliminary approval of a $765 million settlement of concussion claims with the NFL they say excludes compensation for future...

ACE Launches Global Primary Casualty Unit for U.S., Canadian Multinational Companies

Sep 11 2014 // ACE has launched a new division that consolidates its U.S. and global casualty offerings to create ACE Risk Management Global Casualty. The division will provide more efficient underwriting and servicing for large...

Former NECC Supervisor Pleads Not Guilty in 2012 Meningitis Case

Sep 11 2014 // A Boston-area pharmacist pleaded not guilty to a charge stemming from the deadly 2012 U.S. meningitis outbreak, a week after he was arrested attempting to board a flight to Hong Kong.Glenn Chin, who was a supervisor at the...

Accountants to Face Malpractice Claims in Alabama’s Colonial Bancorp Failure

Sep 11 2014 // Accounting firms PricewaterhouseCoopers and Crowe Horwath must face a lawsuit accusing them of professional malpractice and breach of contract for not catching a fraud that led to the 2009 collapse of Colonial Bank, a...

The State of Obesity in U.S.

Sep 11 2014 // After decades of rising obesity rates among adults, the rate of increase is beginning to slow, but rates remain far too high and disparities persist, according to a new report.Adult obesity rates increased in six states...

Reinsurance Alternative Capital Now 20% of Cat Market: Aon Benfield ILS Report

Sep 11 2014 // Alternative capital has captured approximately a 20 percent market share of property catastrophe reinsurance volume.That news came our of Aon Benfield Securities, which issued its annual report on the insurance-linked...

Japanese Specialty Reinsurer Canopius Expands U.S. Footprint

Sep 10 2014 // Canopius Group Limited, the global specialty (re)insurance platform of Sompo Japan Nipponkoa Holdings Inc., said it is expanding its U.S. presence with the launch of Canopius Underwriting Agency Inc. (CUAI).Based in New...

States Ranked by Risk of Damage from Natural Hazards: CoreLogic

Sep 10 2014 // Florida, Rhode Island, Louisiana, California and Massachusetts are the top 5 states for exposure to multiple natural hazards, according to an analysis by CoreLogic, a property data and analytics firm.Michigan, West...

Liberty International Adds 8 Underwriters to U.S. Excess Casualty Unit

Sep 10 2014 // Global specialty insurer Liberty International Underwriters (LIU), part of Liberty Mutual Insurance Group, has added eight underwriters to its U.S. Excess Casualty Division.“Our new staff brings added skill and...

U.S. to Study Volatility of Fuel Transport

Sep 10 2014 // U.S. studies of oil train dangers may have underestimated the perils of volatile vapor on the tracks and officials will in future use precision instruments for more thorough tests, a Transportation Department official said...

Lawsuit Filed Against Home Depot Over Data Breach

Sep 10 2014 // Home improvement retailer Home Depot Inc. has been sued over data breach by a customer, saying the company failed to properly safeguard customer data from hackers, a lawsuit filed in a Chicago federal court showed on...

Oil Trains Passing Through Kentucky on Regular Basis

Sep 10 2014 // Freight trains loaded with volatile crude oil crisscross seven Kentucky counties on a weekly basis, carrying loads that emergency management officials in the state know little about.As many as five CSX Corp. trains carry...

Goldman Leads Wall Street Tapping Taiwan Cash Pile

Sep 10 2014 // Wall Street banks, including Goldman Sachs Group Inc. and Citigroup Inc., are rushing to issue U.S. dollar bonds in Taiwan after a rule change unlocked $586 billion of funds held by the island’s insurance...

Is There a House Republican Deal on Export-Import Bank, Terrorism Insurance?

Sep 9 2014 // Representative Jeb Hensarling, a Texas Republican who has been a key opponent of the U.S. Export-Import Bank, now supports a short-term extension of the bank’s mandate, opening the door to a temporary reprieve for...

Home Depot Confirms Its Payment Systems Were Hacked

Sep 9 2014 // Home Depot Inc. confirmed on Monday its payment security systems have been breached, a data theft analysts warn could rival Target Corp.’s massive breach last year.Home Depot said the data theft could impact its...

Communities at Risk in Wake of Failure to Address Rising Seas

Sep 8 2014 // Missions flown from the NASA base here have documented some of the most dramatic evidence of a warming planet over the past 20 years: the melting of polar ice, a force contributing to a global rise in ocean levels.The...