Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Insurer Canopius Promotes Pike to Head of Credit & Political Risk
Jul 30 2020 // Canopius announced it has promoted Stephen Pike as head of Credit & Political Risk (CPR) team, part of the Credit, Political & Crisis (CPC) division, effective immediately. Pike joined Canopius as an underwriter in...
New Orleans Archdiocese nears Settlement with US over Katrina Aid
Jul 30 2020 // The Roman Catholic Archdiocese of New Orleans is nearing a settlement with federal authorities in a lawsuit alleging fraud involving Hurricane Katrina aid, according to court records filed on July 27. The federal court...
Without More Aid, Many Small Businesses Won’t Make It
Jul 30 2020 // OAKLAND, Calif./NEW YORK — After surviving two strokes at age 27, Olivia Colt threw herself into starting a catering business, a lifelong dream. Ten years and another stroke later, she had built Salt & Honey Catering...
Citing Safety, Union Sues to Block Trump Waivers That Speed Up Poultry Lines
Jul 29 2020 // A food workers’ union filed a federal lawsuit Tuesday to block Trump administration waivers that allow poultry plants to operate production lines at a faster pace, arguing the higher speeds endanger employees. The...
Firms Need Immediate Rethink on U.S. Data Transfers, Says EU Privacy Watchdog
Jul 28 2020 // Companies seeking to transfer data to the United States must revert to new arrangements with immediate effect after the Privacy Shield transatlantic pact was declared invalid last week, a European Union watchdog said on...
Average Age of Cars Americans Are Driving Nears 12 Years: IHS Markit
Jul 28 2020 // Americans are hanging on to their cars and trucks longer, pushing the average age of vehicles on the road to the highest level in nearly 20 years even before the coronavirus hit, according to new data from IHS Markit...
U.S. Volkswagen Owners Cheated in Diesel Scam Receive $9.8 Billion in Settlements
Jul 28 2020 // U.S. buyers of polluting Volkswagen AG vehicles received more than $9.8 billion in settlements, the Federal Trade Commission (FTC) said on Monday. Volkswagen agreed to offer to buy back or repair more than 550,000...
U.S. Appeals Court Says Jury Should Decide Kent State Ex-Player’s Lawsuit
Jul 27 2020 // A federal appeals court has ruled that a jury should decide on a former university softball player’s charge that her coach violated her First Amendment rights after a sexual assault on campus in Ohio. A three-judge...
AXA XL Presents New Leadership Team for Americas
Jul 27 2020 // As part of the proposed changes to its insurance operating model announced in April, AXA XL has appointed its new Americas leadership team, reporting to Joe Tocco, chief executive officer for the Americas. The appointments...
Meat Packing Plant Owners Defend Operations During Pandemic
Jul 27 2020 // As part of an investigation into the spread of coronavirus at U.S. meat plants, Democratic Senators Elizabeth Warren and Cory Booker released responses from major producers that defended their operations during the...
Indivior to Pay $600M to Settle Claims of Deceptive Marketing of Opioid Treatment
Jul 27 2020 // Indivior Plc has agreed to pay $600 million and have a subsidiary plead guilty to a felony charge to resolve U.S. allegations that it engaged in an illegal scheme to boost prescriptions of its opioid addiction treatment...
Lawsuit Claims UT-Austin Unfairly Denied Admission to White Students
Jul 24 2020 // A national organization has filed a lawsuit against the University of Texas at Austin on behalf of two white students who were denied admission, marking the third time the school has been sued by this group over an...
Chemical Firm BASF and Its Law Firm to Pay $72.5M to Close Talcum-Asbestos Claims
Jul 24 2020 // BASF SE, the world’s biggest chemical maker, and a law firm agreed to pay a combined $72.5 million to resolve claims they hid evidence that certain talc products contained asbestos in an effort to scuttle thousands...
Global Natural Catastrophe Losses During H1 Ranged from $68B to $75B: Munich Re, Aon
Jul 24 2020 // Munich Re and Aon both issued reports this week on the economic and insurance costs of global natural catastrophes during the first half, which varied in magnitude by $7 billion. While Munich Re estimated that natural...
New York Company to Pay $200K in Penalties for Safety Violations
Jul 24 2020 // A home and personal care fabric products manufacturer will correct hazards at its five manufacturing facilities in New York and pay $200,000 in penalties to resolve safety violations after an investigation by the U.S....
Insurers Exploring ‘New World’ of Police Officer Professional Liability
Jul 24 2020 // U.S. insurers and brokers are starting to craft professional liability coverage for police officers, spurred on by signs that policymakers in some cities and states want to use a financial stick to curb police...
Specialty Broker Offers Business Insurance Coverage for Pandemic, Epidemic Risks
Jul 23 2020 // A Boston-based national wholesale insurance broker is offering what it says is “among the first and most accessible” insurance policies for commercial risks arising from pandemics and epidemics. The policy,...
U.S. Cyber Insurers Face Changing Landscape; Top 20 Cyber Insurers
Jul 22 2020 // Cyber insurers have been enjoying a profitable run for several years but are now facing a changed risk landscape with data breaches, ransomware attacks, insurance claims and overall threat awareness increasing. In a...
QBE Expects H1 2020 Loss of US$750M on COVID-19, Natural Catastrophe Claims
Jul 22 2020 // QBE Insurance Group expects to report a first-half, after-tax loss of around $750 million, mainly due to COVID-19 claims and natural catastrophes, which included Australia’s bushfires and hailstorms at the beginning...
Former Comptroller Pleads Guilty to Stealing $259K from Louisiana Community College
Jul 21 2020 // The former comptroller for a community college in Louisiana has pleaded guilty to stealing more than $250,00 from her employer. Carol Bates, the former comptroller for Bossier Parish Community College (BPCC), pled guilty...
