Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
BNSF Settles Suit from Montana Derailment Agreeing to Pay $750K on Repairs
Aug 6 2018 // BNSF Railway has agreed to pay the U.S. government $200,000 and spend up to $750,000 on road repairs to settle claims that the company failed to pay for damages caused by a 2011 train derailment in northwestern Montana,...
Taiwan iPhone Chipmaker Scrambles to Recover After Debilitating Computer Virus
Aug 6 2018 // Taiwan Semiconductor Manufacturing Co. (TSMC), which makes chips for the iPhone and other devices, is recovering from a debilitating computer virus but warned of delayed shipments and reduced revenue because of the impact...
Berkshire’s Q2 Insurance Profit Rises to $943M Compared to Loss of $22M in Q2 2017
Aug 6 2018 // This year’s looking brighter for Berkshire Hathaway Inc.’s insurance businesses after 2017’s hurricanes led to the first annual underwriting loss in more than a decade. Auto insurer Geico and the...
Jury Orders Pork Producer to Pay $473.5M in North Carolina Nuisance Lawsuit
Aug 6 2018 // A federal jury decided Friday that the world’s largest pork producer should pay $473.5 million to neighbors of three North Carolina industrial-scale hog farms for unreasonable nuisances they suffered from odors,...
Flood Model Changes Help Hiscox Re & ILS Enter U.S. Flood Market
Aug 6 2018 // Less than 12 percent of U.S. homeowners have a flood insurance policy, despite the fact that flooding is the country’s most common natural disaster, said Katy Sivyer, underwriter for North America and the Caribbean...
Laptop Battery Fire in Checked Luggage Could Bring Down an Airliner: Study
Aug 3 2018 // A single personal electronic device that overheats and catches fire in checked luggage on an airliner can overpower the aircraft’s fire suppression system, potentially creating a fire that could rage uncontrolled,...
Atlantic Hurricane Season Had Early Start, but Fewer Storms Are Expected
Aug 3 2018 // The Atlantic hurricane season may have gotten off to an early start this year, but it’ll probably end with a whimper — at least when it comes to the total number of storms. Twelve named storms are likely to...
Allianz Beats Q2 Profit Estimates with Help of PIMCO Bond Fund Unit
Aug 3 2018 // Allianz SE said strong growth across its businesses lifted second-quarter profit as Europe’s largest insurer keeps the market waiting on any acquisitions it will undertake. The gains help keep Allianz on track to...
Wells Fargo Agrees to Pay $2.09B to Settle U.S. Probe into Mortgage Sales Abuses
Aug 3 2018 // Ten years after faulty mortgages upended the global financial system, Wells Fargo & Co. agreed to pay $2.09 billion to settle a U.S. probe into its creation and sale of loans that contributed to the disaster. The...
Crash Investigators Locate Aeromexico’s Flight Recorders
Aug 2 2018 // At least 65 U.S. citizens were aboard the Aeromexico passenger jet that crashed in northern Mexico, a U.S. official said on Wednesday, as investigators combed the wreckage for clues to the cause of the accident. The Mexico...
3 Ukrainians Arrested for Costly Cyber Attacks on U.S. Firms: Justice Department
Aug 2 2018 // Three Ukrainians have been arrested on criminal hacking charges including stealing payment card numbers, in attacks on more than 100 U.S. companies that cost businesses tens of millions of dollars, the U.S. Justice...
AXA Gives Under-Fire CEO Buberl a Needed Boost on Strong H1 Profits
Aug 2 2018 // AXA SA gave under-fire Chief Executive Officer Thomas Buberl a needed boost with first-half earnings that beat estimates and growth in new business. AXA, posting its first results since a disappointing partial spinoff of...
U.S. Appeals Court Takes Up American Family Agent/Employee Classification Case
Aug 1 2018 // A federal appeals court in Ohio on July 31 heard arguments by opposing attorneys in a class action involving whether agents working for an insurance carrier on an exclusive basis should be classified as independent...
Alorica in California Settles EEOC Sexual Harassment Lawsuit For $3.5M
Aug 1 2018 // The U.S. District Court has approved a consent decree between Irvine, Calif.-based Alorica Inc. and the United States Equal Employment Opportunity Commission for $3.5 million and remedial measures to resolve a sexual...
Munich Re Specialty Names Hennessy to Lead U.S. Expansion
Aug 1 2018 // Munich Re Specialty Group Ltd. (MRSG) of London is expanding its underwriting platform in North America and has tapped John Hennessy to lead the initiative. Hennessy was named president and chief executive officer of MRSG...
Aeromexico Plane Crash Causes Dozens of Injuries but No Deaths
Aug 1 2018 // Dozens of people were injured when a packed Aeromexico-operated Embraer jet crashed right after takeoff in Mexico’s state of Durango on Tuesday, but authorities said most were not seriously hurt and there were no...
U.S. Seeks More Cooperation with Private Sector to Fight Cyber Attacks
Aug 1 2018 // The U.S. Department of Homeland Security on Tuesday said it will bolster collaboration with the private sector to defend the nation against cyber attacks by working more closely with industry to combat emerging...
Beazley Launches Consortium at Lloyd’s for Wage & Hour Risks
Aug 1 2018 // Beazley has launched a new consortium at Lloyd’s to bring increased capacity for wage & hour risks, expanding the choices available to U.S. organizations. Building on Beazley’s experience in employment...
Court to Revisit Dismissal of $210 Million Hyundai-Kia Fuel Economy Settlement
Jul 31 2018 // A U.S. appeals court will reconsider its decision to throw out a $210 million nationwide class-action settlement for owners of Hyundai Motor Co. and Kia Motors Corp. vehicles whose fuel economy was inflated. The 9th U.S....
Supreme Court Lets Teens’ Climate Lawsuit Proceed to Trial
Jul 31 2018 // The U.S. Supreme Court refused to halt a novel and sweeping lawsuit pressed by children and teenagers seeking to force the federal government to take steps against climate change. Rejecting a Trump administration request,...
