Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Railroads Resist Oil Companies’ Demands for Storage in Rail Cars Citing Safety Concerns
Apr 13 2020 // Railroads are clamping down on rising demand from oil companies to store crude in rail cars due to safety concerns, sources said, even as the number of places available to stockpile oil is rapidly dwindling. Oil demand is...
Auto Insurers Offering $8-$10B in Discounts in Coronavirus Relief Effort; Updated List
Apr 13 2020 // The group of property/casualty insurers offering auto insurance premium discounts to recognize that insureds are driving less during the coronavirus crisis continues to grow, and now includes all major auto insurers. State...
Lessons on Trade-Offs From the 1918 Influenza Pandemic: Viewpoint
Apr 9 2020 // LONDON — Lockdowns have brought most of the world’s advanced economies to a near standstill as policymakers fight the coronavirus pandemic by banning all but essential movement outside the home. Tens of...
MGU Victor Taps Bonfà from US Underwriting Solutions as Country Leader of Victor Italia
Apr 9 2020 // Victor Insurance Holdings, the world’s largest managing general underwriter (MGU), announced the appointment of Matteo Bonfà as country manager, Victor Italia S.r.l., effective immediately. Bonfà is based in Milan...
PartnerRe’s Parent EXOR Vows to Go Ahead with Deals Despite Pandemic
Apr 9 2020 // The boss of EXOR showed confidence on Wednesday in the success of three transformative deals set to reshape its multi-billion portfolio of corporate holdings, despite being caught at mid-air by the coronavirus crisis. In a...
‘Uncertainty Is the Only Certainty’ When it Comes to Pandemic Modeling
Apr 8 2020 // A statistical model cited by the White House generated a slightly less grim figure Monday for a first wave of deaths from the coronavirus pandemic in the U.S. – a projection designed to help officials plan for the...
Failure to Act on Climate Change Could Make Weather Risks Uninsurable: Swiss Re
Apr 8 2020 // Global warming will lead to growing intensity and frequency of severe weather events, rising losses, as well as greater uncertainty in the assessment of these events by the insurance industry, which could make some weather...
BMS Appoints Broadnax to U.S. Property Facultative Team in Atlanta
Apr 8 2020 // BMS Group (BMS), the independent specialist (re)insurance broker, has appointed Larry Broadnax as senior vice president, Property Facultative Leader, effective April 15. He will be based in Atlanta and report to Pete...
How U.S. Insurance Industry Deals Fared in February
Apr 7 2020 // Financial deals in the U.S. insurance industry dropped off 8% during February 2020 compared with the last 12-month average. According to GlobalData’s deals database, a total of 46 deals worth $3.27 billion were...
Passenger Sues United Airlines Over Refusal to Refund Airfare Despite U.S. Order
Apr 7 2020 // United Airlines Holdings Inc. was sued by a passenger for refusing to issue refunds for canceled flights, three days after U.S. regulators ordered airlines to reimburse customers. The passenger, Jacob Rudolph, filed the...
Investors Allege Securities Violations by Cryptocurrency Issuers, Exchanges
Apr 7 2020 // Investors have brought class action lawsuits in federal court against seven cryptocurrency issuers and four exchanges, claiming they sold billions of dollars in unregistered assets in violation of U.S. securities laws. The...
Firefighters Work to Contain North Carolina Wildfires
Apr 6 2020 // Firefighters kept working on Saturday to slow the spread of western North Carolina wildfires that have spread due to high winds, the U.S. Forest Service said. A fire that began on private property Friday in Haywood County...
Federal-State Pandemic Training Focused on Flu, Not New Virus
Apr 6 2020 // In August, months before the first case of the new coronavirus was documented, some of Colorado’s top health officials gathered in a room at the state Department of Public Health and Environment to train for a...
People & Places
Apr 6 2020 // National Mark Friedlander and Kris Maccini have been appointed to senior communications positions at the Insurance Information Institute (III) to broaden the organization’s traditional and social media operations. As...
D&O Insurers Brace For Coronavirus ‘Event Driven’ Litigation
Apr 6 2020 // What may be the first U.S. securities lawsuits alleging misdeeds related to coronavirus were filed in late March — one against a cruise line and another against a pharmaceutical company that claimed to have developed...
Cyber Insurance Sales to U.S. Businesses Picking Up: Marsh
Apr 6 2020 // The share of businesses buying cyber insurance continued to increase in 2019, driven by growing recognition of cyber threats as a critical business risk, says a new report. Marsh’s 2019 Cyber Insurance Purchasing...
Lloyd’s Returns to Profit; ‘Strong Position’ to Respond to COVID-19
Apr 6 2020 // While announcing a return to profit of £2.5 billion (US$3 billion) for 2019, Lloyd’s also affirmed that the market is in a strong position to respond to the impacts of COVID-19. Lloyd’s return to profit was...
Declarations
Apr 6 2020 // Delivery Aid “Insurers must cover delivery services for restaurants on personal auto insurance policies and must offer coverage for hired drivers and non-owned automobiles as a rider on a restaurant’s general...
New Jersey Manufacturer Cited for Safety Lapse After Employee Amputation
Apr 3 2020 // The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited BWay Corp., doing business as Mauser Packaging Solutions, for workplace safety and health hazards after an employee...
A Coronavirus Outbreak Among Farm Workers Would Be Catastrophic: Viewpoint
Apr 3 2020 // There is no evidence that Covid-19 has been transmitted by food or food packaging, according to U.S. federal health agencies. How the virus fares among food workers may be a different story. By law, food manufacturers must...
