Latest USA Headlines

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

Ohio Electric System Settles Lawsuits Seeking Corporate Reform

Feb 15 2022 // Akron, Ohio-based First Energy announced it has settled a series of shareholder lawsuits seeking corporate reforms in the wake of a bribery and corruption scandal.FirstEnergy in a statement said provisions of the...

Investment Gains Float Weight of $5.6B Underwriting Loss for U.S. P/C Insurers in Nine Months 2021

Feb 15 2022 // An increase in capital gains on investments is largely credited with lifting the after-tax net income of private U.S. property/casualty insurers to $42.1 billion over nine months in 2021 compared to $35.2 billion during...

Insurance Broker Hengguang Among Chinese Firms Filing Small New York IPOs

Feb 15 2022 // At least six Chinese companies have lodged documents for New York listings in recent weeks, filings showed, promising an end to a months-long freeze after an unprecedented clampdown last year by Chinese regulators.However,...

Judge Throws Out Palin Defamation Suit But Still Wants Jury to Issue Verdict

Feb 14 2022 // A U.S. judge said on Monday he will throw out Sarah Palin’s defamation lawsuit against the New York Times, after concluding that an editorial in the newspaper did not maliciously link the former Alaska governor and...

Judge Sets March Hearing on Boy Scouts Bankruptcy After Claimant Group Signs On

Feb 14 2022 // The judge presiding over the Boy Scouts of America bankruptcy has delayed the start of a trial to determine whether the BSA’s reorganization plan should be confirmed after an agreement with the official committee...

Judge Blocks Biden Order on Calculating Climate Risks in Government Decisions

Feb 14 2022 // A federal judge on Friday blocked for now the Biden administration from restoring Obama-era values for calculating the cost of climate change in the government’s permitting, investment and regulatory decisions.The...

7 More Charged in Louisiana Staged Automobile Collision Scheme

Feb 14 2022 // Seven more people have been charged in New Orleans for their participation in a scheme to stage collisions with commercial trucks, bringing the total number of defendants charged in the federal probe up to 47.United States...

Hertz Customers Who Claim They Were Falsely Arrested Score Win in Court

Feb 14 2022 // Hertz Corp., battling hundreds of customers who say they were falsely arrested for auto theft after renting cars, was ordered by a federal judge to disclose how many renters it accuses every year.U.S. Bankruptcy Judge Mary...

Jury Deliberates Over Palin Defamation Claim Against New York Times

Feb 14 2022 // Jurors began considering whether to hold the New York Times liable for defaming Sarah Palin, after her lawyer on Friday accused the newspaper of falsely associating her in a 2017 editorial with a mass murder, a link that a...

Gangs Now Arbitrate Payment Disputes as Ransomware Growth Continues

Feb 14 2022 // Cyber criminal gangs are getting increasingly adept at hacking and becoming more professional, even setting up an arbitration system to resolve payment disputes among themselves, according to a new report by the United...

People Moves: Great American P&C Promotes Cohen, Kadnar; Markel Adds Hiscox’s Wakeham as U.S. Terrorism Underwriter

Feb 11 2022 // Great American Insurance Group has promoted Jason M. Cohen to senior vice president and Julie F. Kadnar to divisional group president within its Property & Casualty Group.In 2006, Cohen joined the company as divisional...

Purdue’s Sacklers Consider Adding $1 Billion More to Opioid Settlement

Feb 11 2022 // Members of the billionaire Sackler family that own Purdue Pharma LP are weighing whether to add $1 billion to the OxyContin-maker’s faltering opioid settlement bid in an effort to win over holdouts, according to...

Hamilton Launches U.S. E&S Insurer, Names Rhoades CEO

Feb 11 2022 // Bermuda-based specialty insurer Hamilton Insurance Group, Ltd. reports it has formed Hamilton Select Insurance Inc., a U.S. excess and surplus (E&S) lines insurer.Hamilton Select Insurance Inc. is domiciled in Delaware...

AXA Completes Sale of Singapore Business to HSBC

Feb 11 2022 // AXA announced it has completed the sale of its Singapore operations to HSBC for US$529 million.HSBC Insurance (Asia Pacific) Holdings Ltd., an indirect wholly-owned subsidiary of HSBC Holdings plc, completed the...

Inspector General Says Counterfeit Parts in Nuclear Plants Raise Safety Concerns

Feb 11 2022 // Many counterfeit parts have been discovered in U.S. nuclear plants, potentially increasing the risk of a safety failure, the inspector general of the federal nuclear industry regulator said in a report released on...

Virginia City Deploys Flood Safety App to Help Drivers Navigate Increased Flooding

Feb 10 2022 // The sun was shining when Kim Williams hopped in her Honda Odyssey to visit a friend at a nursing home. But an unexpected downpour on the drive back left her trapped in a maze of flooded streets.Williams made turn after...

Sarah Palin, New York Times Editor Take the Stand in Defamation Trial

Feb 10 2022 // Sarah Palin portrayed herself as a dedicated public servant in testimony in her defamation case against the New York Times, after a former editor who oversaw the 2017 editorial underlying her lawsuit on Wednesday denied...

Bipartisan Report Calls for New Strategy, Cabinet Post to Fight Opioid Epidemic

Feb 9 2022 // The U.S. needs a nimble, multipronged strategy and Cabinet-level leadership to counter its festering overdose epidemic, a bipartisan congressional commission advises.With vastly powerful synthetic drugs like fentanyl...

Vantage Group Raises Additional Capital, Acquires U.S. Admitted Carrier

Feb 9 2022 // Bermuda-based re/insurer Vantage Group Holdings Ltd. announced that funds managed by Carlyle and Hellman & Freidman have committed up to an additional $200 million of capital to fund the continuing growth of Vantage,...

Banks Warned to Prepare for Possible Russian-Sponsored Cyber Attack

Feb 9 2022 // FRANKFURT/LONDON – The European Central Bank is preparing banks for a possible Russian-sponsored cyber attack as tensions with Ukraine mount, two people with knowledge of the matter said, as the region braces for the...