Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Understanding Risk in a Decade of Natural Catastrophes
Jul 6 2020 // In the past 10 years, the U.S. has seen 121 events produce damage in excess of $1 billion. Globally, this escalates with many more events around the world. From major hurricanes and floods, to annual severe weather,...
Business Moves
Jul 6 2020 // East High Street Insurance Partners, Gates-Cole Associates Traverse City, Michigan-based High Street Insurance Partners has acquired Gates-Cole Associates in New Hartford, New York. Financial details of the transaction...
Commercial Auto Insurers Report Worst Losses in Decade: AM Best
Jul 6 2020 // The U.S. commercial automobile insurance segment’s underwriting losses deepened to $4.0 billion in 2019, the segment’s worst loss in 10 years and a continuation of a decade-long trend of worsening underwriting...
Declarations
Jul 6 2020 // At Risk “Workers servicing or maintaining machines are at risk of serious injury, including amputations, if hazardous energy is not properly controlled.” — OSHA Marlton Area Office Director Paula...
Houston Pharmacist Gets 10 Years in $21M Workers’ Comp Fraud Case
Jul 6 2020 // A Houston pharmacist has been sentenced to 10 years in prison in a $21 million workers’ compensation fraud case. George Philip Tompkins, 75, the self-proclaimed “Compound King” and former owner of Piney...
Texas Work Comp Division: Healthcare Providers Indicted for Drug Distribution, Fraud
Jul 2 2020 // Three Texas healthcare providers will face trial for conspiracy to distribute controlled substances and mail fraud, according to the Texas Department of Insurance – Division of Workers’ Compensation. On June...
U.S. Supreme Court to Consider Child Slavery Appeals by Nestle, Cargill
Jul 2 2020 // The U.S. Supreme Court will decide whether American corporations can be sued for alleged human rights abuses occurring abroad under a 1789 law, agreeing on Thursday to hear appeals by two companies – Cargill Inc and...
Sompo Global Risk Solutions Launches Team in London to Serve UK, Europe Markets
Jul 2 2020 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that Sompo Global Risk Solutions (GRS) has formed a new team, Sompo GRS Europe, based in...
TuSimple Launches Self-Driving Truck Network with Berkshire’s McLane, UPS
Jul 2 2020 // U.S. technology company TuSimple on Wednesday launched a self-driving freight network with UPS and Berkshire Hathaway Inc. supply chain unit McLane that it said should operate nationwide by 2024 and start running some...
Update: Online Insurer Lemonade Raises $319M During U.S. Stock Market Debut
Jul 2 2020 // Lemonade Inc., the online home insurance provider backed by SoftBank Group Corp., jumped as much as 86% after raising $319 million in its U.S. initial public offering. [inline-ad-1] Shares of the company opened at $50.06...
Novartis Pharmaceuticals Agrees to Pay $678M to Settle Doctor-Bribe Claims
Jul 2 2020 // Novartis Pharmaceuticals Corp. agreed to pay $678 million to resolve a whistle-blower case accusing the company of paying kickbacks to thousands of doctors who prescribed its drugs and wooing them with lavish dinners and...
N.H. Woman Sentenced for Fraud Scheme Targeting Restaurants, Insurance Companies
Jul 1 2020 // A New Hampshire woman has been sentenced to 18 months in federal prison for participating in a mail fraud scheme targeting restaurants and insurance companies. According to court documents and statements made in court, for...
U.S. Commercial Auto Insurers Report Worst Losses in Decade: AM Best
Jun 30 2020 // The U.S.commercial automobile insurance segment’s underwriting losses deepened to $4.0 billion in 2019, the segment’s worst loss in 10 years and a continuation of a decade-long trend of worsening underwriting...
New York Insurance Broker Arrested, Charged in $1M Fraud Scheme
Jun 30 2020 // A New York state insurance broker has been arrested and charged with wire fraud, attempted wire fraud and aggravated identity theft and is facing a maximum penalty of 20 years in prison. U.S. Attorney James P. Kennedy Jr....
Blue Tarps Get a Revolutionary Upgrade with Patented Product
Jun 30 2020 // Miami, FL, June 30, 2020 –Insurance Companies Can Save Millions in Licensing Program. WrapRoof™ secured 20 U.S. patent claims in a revolutionary upgrade to blue tarps, becoming the only patented shrink wrap system in...
Houston Pharmacist, Wife Sentenced in $21M Workers’ Comp Fraud Case
Jun 29 2020 // A Houston pharmacist has been sentenced to 10 years in prison in a $21 million workers’ compensation fraud case. George Philip Tompkins, 75, the self-proclaimed “Compound King” and former owner of Piney...
Brit Global Specialty USA Transfers Renewal Rights for Cargo Business to Falvey Cargo
Jun 29 2020 // Brit Global Specialty USA will transfer the renewal rights for its cargo business to Falvey Cargo Underwriting, effective July 2. As part of the deal, Will Frohne and Yasu Saegusa will move from Brit to Falvey Cargo as...
Liberty Mutual Re Taps Steiner from RenRe for U.S. Casualty Treaty Team
Jun 29 2020 // Liberty Mutual Re (LM Re), part of Liberty Mutual Insurance Group, has appointed Sara Steiner to the role of vice president and director of Assumed Reinsurance. Sara Steiner Steiner is based in LM Re’s office in...
Italy’s Generali Eyes Possible Acquisition of U.S. Asset Manager Brightsphere: Sources
Jun 29 2020 // Assicurazioni Generali SpA has approached Brightsphere Investment Group Inc about a possible acquisition of the U.S. asset management firm, people familiar with the matter said on Friday. A deal would expand the U.S....
Insurtech MGA Delos, Canopius to Offer Wildfire Protection Coverage in California
Jun 29 2020 // Delos Insurance Solutions, a property insurtech managing general agent (MGA), has created a new insurance product with Canopius US Insurance designed to improve the homeowners insurance options for those living in wildfire...
