Latest USA Headlines

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

$1 Billion Highway Guardrail Trial Underway This Week

Jul 14 2014 // Trinity Industries Inc. will have 13 hours this week to fight allegations its highway guardrail systems are a deadly hazard that spear cars on impact, with as much as $1 billion at stake for the company.U.S. District Judge...

Uber and Lyft Accelerate Cash Battle to Recruit Drivers

Jul 14 2014 // Uber Technologies Inc. and Lyft Inc. are racing to recruit drivers to spur the growth of their ride- sharing businesses. Stefanie Leifer recently found herself caught in the middle.Leifer has worked for San Francisco-based...

Generali to Sell BSI Unit to BTG Pactual for $1.7 Billion

Jul 14 2014 // Assicurazioni Generali SpA agreed to sell its Swiss private-banking unit BSI Group to Grupo BTG Pactual for CHF1.5 billion ($1.7 billion) as Italy’s biggest insurer seeks to boost capital.Generali will receive CHF1.2...

Progressive Insurance Profit Down as Investment Gains Narrow

Jul 11 2014 // Progressive Corp., the fourth- largest U.S. car insurer, said second-quarter profit fell 9.6 percent as investment gains narrowed.Net income dropped to $293.4 million, or 49 cents a share, from $324.6 million, or 54 cents,...

Judge Allows $1B Malpractice Claim Against PwC Over MF Global Collapse

Jul 11 2014 // A federal judge on Wednesday rejected PricewaterhouseCoopers’ request to dismiss a $1 billion lawsuit accusing the auditor of providing bad accounting advice that contributed to the October 2011 collapse of MF Global...

S&P Green Lighting Climate Risk Mitigation

Jul 10 2014 // How a company manages its risk in the face of a changing global climate is slated to become an ever-greater factor in a company’s worth.Today’s business leaders, whether or not they believe in climate change,...

U.S. Appeals Court Revives WTC Cleanup Workers’ Health Claims

Jul 10 2014 // A federal appeals court in New York has revived claims by 211 cleanup workers who sought compensation for their alleged exposure to toxic contaminants in buildings near the World Trade Center site after the Sept. 11, 2001,...

Pinpointing Hurricane Risk Home by Home

Jul 10 2014 // This post is part of a series sponsored by CoreLogic.This year, we’re ushering in the 2014 hurricane season, which officially began on June 1, in the wake of a fairly inactive past season and amid projections of...

No El Nino Yet But Chances Remain High: U.S. Climate Center

Jul 10 2014 // A weather-changing El Nino has yet to develop in the Pacific Ocean, according to government forecasters are who maintaining a “watch” initiated in March.The chances that the warming of the equatorial Pacific...

6.5 Million Homes from Maine to Texas at Risk for Storm Surge: CoreLogic

Jul 10 2014 // More than 6.5 million homes along the U.S. Atlantic and Gulf coasts are at risk of storm surge inundation, representing nearly $1.5 trillion in total potential reconstruction costs. More than $986 billion of that risk is...

Judge Dismisses Ex-Broker’s Privacy Claim Against Regulatory Website

Jul 10 2014 // A U.S. judge threw out a lawsuit against the Financial Industry Regulatory Authority (FINRA) by a former broker who alleged that disclosures on the regulator’s public database violated his privacy rights.The former...

Aspen U.S. Appoints Kotsiopoulos As Broker Relationship VP

Jul 9 2014 // Aspen U.S. Insurance said George Kotsiopoulos has joined as vice president, Broker Relationship leader. Kotsiopoulos joins Aspen U.S. Insurance with underwriting and distribution experience from previous positions at...

Chicken Producer, London Insurers Battle Over ‘Recall’ Definition

Jul 9 2014 // Foster Farms and its London insurers are facing off over the definition of “product recall” as the poultry producer seeks payment of $14.2 million in claims arising from a government-mandated shutdown of one of...

Senate Advances Bill to Shield Firms Sharing Cyber Threats with NSA

Jul 9 2014 // The Senate is advancing legislation that would let companies and the U.S. government share information about hacking threats, even as privacy advocates say the plan could enable the National Security Agency to sweep up...

Court Ruling States Arizona Can’t Deny Immigrants Driver’s Licenses

Jul 8 2014 // Arizona’s policy of denying driver’s licenses to people who came to the U.S. illegally as children was blocked by a federal appeals court in San Francisco, which said the measure is probably...

Financial Firms Propose Cyber War Council

Jul 8 2014 // Wall Street’s biggest trade group has proposed a government-industry cyber war council to stave off terrorist attacks that could trigger financial panic by temporarily wiping out account balances, according to an...

Maritzen to Head New Endurance U.S. Commercial Property Operation

Jul 8 2014 // Bermuda-based Endurance Specialty Holdings Ltd. announced that Mark Maritzen has joined the company as Executive Vice President and Head of Commercial Property within its U.S. Insurance operation.He has nearly twenty years...

Endurance Launches U.S. Commercial Property Retail Division

Jul 8 2014 // Endurance Specialty Holdings Ltd. announced that Mark Maritzen has joined the company as executive vice president and head of commercial property within its U.S. Insurance operation.Maritzen will be responsible for...

Lloyd’s Underwriters Find Success with U.S. Subsidiaries: SNL

Jul 7 2014 // Insurers Hiscox Ltd., Beazley Plc and Catlin Group Ltd. are reaping the benefits of the U.S. market, according to a report from SNL Financial. SNL data shows how the three companies with significant participation in the...

Aon Benfield June Global, U.S. Cat Report: Thunderstorms, Hail, Floods

Jul 7 2014 // The Global Catastrophe Recap report for June from Aon Benfield’s Impact Forecasting highlights the outbreak of severe thunderstorms that affected Western and Central Europe during the first half of the month, causing...