All the headlines from our USA Topic Page, ordered by recency.
Mar 24 2014 // Winter storms caused $2 billion in insured losses in 2013, up dramatically from $38 million in 2012, according to reports from Munich Re. From 1993 to 2012, winter storms resulted in about $28 billion in insured...
Mar 21 2014 // The Canada Pension Plan Investment Board (CPPIB) announced that it has agreed to buy U.S. life insurance and reinsurance provider Wilton Re Holdings Ltd for $1.8 billion from a group of private equity firms, the first...
Mar 21 2014 // In a series of meetings this week with the Australian G-20 Presidency, the Global Federation of Insurance Associations (GFIA) has called on the G-20 to “ensure that all international regulatory reform initiatives...
Mar 21 2014 // A.M. Best has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit ratings (ICR) of “aa-” of Bermuda-based Arch Reinsurance Ltd. and its strategic affiliates. Best...
Mar 21 2014 // Delays in identifying satellite images that may show debris of a missing Malaysian plane in the southern Indian Ocean were due to the vast amounts of data that needed to be analyzed, Australian authorities and the U.S....
Mar 21 2014 // Hobby Lobby Stores Inc.’s 600 U.S. craft shops close each Sunday, posting a notice that employees are spending the day with their families and at worship. It’s a visible sign that the company is as focused on...
Mar 20 2014 // After two years of double-digit percentage increases in advertising spending, GEICO Corp. boosted its ad spend by just over five percent in 2013, according to research by SNL Financial.GEICO, with its Gecko and Maxwell the...
Mar 20 2014 // Bankruptcy law’s “safe harbor,” which prevents customers of defunct brokerages from being sued, applies even when the broker was engaged in fraud and violated multiple securities laws, the U.S. Court of...
Mar 20 2014 // The disappearance of Malaysian Airlines flight MH370 has prompted calls for in-flight streaming of black box data over remote areas, but industry executives say implementing changes may be complex and costly.Mark Rosenker,...
Mar 19 2014 // The recently-passed Agricultural Act of 2014 — also known as the 2014 Farm Bill — has a new dairy support program that is a significant improvement from the expiring Milk Income Loss Contract (MILC) program,...
Mar 19 2014 // Nationwide Mutual Insurance Co. did not discriminate against an employee who claims she was denied a room to pump breast milk and pressured to resign on her first day back from maternity leave, a federal appeals court in...
Mar 19 2014 // Syncora Guarantee Inc., the bond insurer fighting Detroit’s debt-cutting plans, said it may cancel insurance it wrote for interest-rate swaps that the city is seeking to terminate with an $85 million settlement.Under...
Mar 19 2014 // Google Inc. and Viacom Inc. settled Viacom’s $1 billion lawsuit claiming YouTube violated copyrights by letting users post video clips from television shows without authorization after a federal judge twice threw out...
Mar 19 2014 // Georgia homebuilder Blankenship Homes lost its source of loans for new construction after four local community banks failed since 2009.“The economy just shut down,” said owner Johnny Blankenship, 54, a builder...
Mar 19 2014 // Ford Motor Co. joined the U.S. Chamber of Commerce in seeking transcripts of a trial in which a bankruptcy judge ruled the “impropriety of some law firms” representing asbestos personal-injury plaintiffs led to...
Mar 19 2014 // ING Groep NV, the biggest Dutch financial-services company, will end its majority stake in its U.S. insurance unit with another share sale as it winds down ownership of the business.The parent plans to sell 26.5 million...
Mar 18 2014 // Ever since Congress last renewed the program in 2007, I’ve expected that reauthorizing the Terrorism Risk Insurance Act (TRIA) would dominate Washington’s insurance debate in late 2014. I’m not so sure...
Mar 18 2014 // U.S. Special Forces seized a tanker that fled with a cargo of oil from a Libyan port controlled by anti-government rebels, halting their attempt to sell crude on the global market.Gunmen demanding regional autonomy and a...
Mar 17 2014 // An Ohio insurance industry trade association says homeowner and auto insurance costs for most Ohioans remain below the U.S. average. The Ohio Insurance Institute released a report saying Ohio has the sixth lowest average...
Mar 17 2014 // A resident of New Orleans, La., is awaiting sentencing after pleading guilty to multiple arson-for-insurance fraud schemesAnthony R. Thomas had been charged with multiple criminal counts for his involvement in a 2007...