Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
AM Best to Test Insurers for Coronavirus Impact; Fitch Lowers Allstate Outlook
Mar 18 2020 // Ratings firm AM Best said it is developing stress testing that it will conduct on its rated insurance companies’ balance sheets to gauge the impact of the COVID-19 virus fallout on their risk-adjusted capital levels,...
Investor Suit Alleges Pharma Company Made False Claim of COVID-19 Vaccine
Mar 18 2020 // Pennsylvania-based Inovio Pharmaceuticals is the target of a planned class action lawsuit alleging it falsely claimed it has developed a vaccine for COVID-19 that would go into testing as soon as next month. But the...
Uber, Lyft to Halt Shared Rides to Help Limit Coronavirus Spread
Mar 17 2020 // Uber Technologies Inc. and Lyft Inc. Tuesday began suspending shared rides on their ride-hailing platforms in the United States and Canada to limit the spread of the coronavirus. The pooled option, which allows riders to...
Cattle Ranchers Worry Despite Having Tech to Track Diseases
Mar 17 2020 // Before June 2018, finding cattle that were potentially exposed to diseases was time-consuming and complicated, requiring a patchwork of information from auction houses, feedlots, producers and meatpacking...
Crawford’s Global Technical Services U.S. President Hunt to Retire
Mar 17 2020 // Crawford & Company, a provider of claims management and outsourcing products to carriers, brokers and corporates, announced that Terry Hunt will retire from his role as U.S. President of Global Technical Services,...
U.S. Agency Rewrite of Rules Will Speed Up Arrival of Self-Driving Cars
Mar 17 2020 // The National Highway Traffic Safety Administration (NHTSA) said Tuesday it was proposing sweeping changes to U.S. safety requirements to speed the deployment of self-driving vehicles without human controls. The agency said...
Unions, Groups Want OSHA to Require Steps to Protect Coronavirus Workers
Mar 16 2020 // Nearly 30 unions and advocacy groups on Friday urged the U.S. employee safety regulator to impose a suite of emergency measures to safeguard public-facing workers against the new coronavirus. In a letter, the groups asked...
Louisiana Doctor Sentenced to Prison in $500K Workers’ Comp Fraud Case
Mar 13 2020 // A Baton Rouge, Louisiana, doctor has been sentenced to 18 months in federal prison after being convicted of participating in a workers’ compensation fraud scheme in which he submitted more than $500,000 in false...
Dubai’s IGI Bermuda to Begin Writing E&S in U.S.
Mar 13 2020 // Dubai, United Arab Emirates-based International General Insurance Holdings said that its Bermuda subsidiary, International General Insurance Co., has been granted provisional approval to begin writing U.S. excess and...
Not All Workers Have Same Options for Avoiding Virus
Mar 13 2020 // A barber in Beijing is supporting his wife and child by charging food and other expenses to a credit card while he waits for his employer’s shop to reopen. A waiter at a barbecue restaurant in Kansas City, Missouri,...
P/C Insurers Expect Smaller M&As to Continue in 2020
Mar 13 2020 // Despite a sharp decline in M&A activity in 2019 and continuing economic uncertainty, more than half of the property/casualty insurance executives surveyed by Deloitte still expect to complete an M&A transaction in...
Italian Companies, Including Generali, to Provide Funds for Coronavirus Crisis
Mar 13 2020 // Italy’s biggest insurer, Generali, on Friday joined a growing number of companies that have rushed to provide funds to hospitals and non-profit organizations to fight the coronavirus crisis. Italy has been hardest...
Coronavirus Work-from-Home Response May Expand Cyber Risk
Mar 13 2020 // As U.S. employers ask employees to work from home to avoid exposure to coronavirus, they may be exposing themselves to another kind of risk: Cyberattacks. Aon recently issued an advisory cautioning employers to take steps...
Despite China Deal, U.S. Farmers Still Dependent on Government Aid: Analysis
Mar 12 2020 // As U.S. President Donald Trump touted the signing of a U.S.-China trade deal in January, he told cash-strapped farmers they would soon need bigger tractors and “a little more land” to meet additional Chinese...
London’s EC3 Brokers Starts U.S. Property Wholesale Unit; 3 Jeffery Brothers to Head
Mar 12 2020 // London-based EC3 Brokers has launched a U.S. property wholesale division based in London, with the appointments of Matthew Jeffery as managing director and David and Daniel Jeffery as divisional directors. The brothers,...
U.S. Commission Explains Why It Thinks Insurance Is Failing Cybersecurity
Mar 11 2020 // The following excerpt is from the new report, “A Warning from Tomorrow,” on U.S. cybersecurity strategy by the Cyberspace Solarium Commission. The report contains about 75 recommendations on what the country...
U.S. Cybersecurity Report Calls for Major Government Role in Cyber Insurance
Mar 11 2020 // A major government report on cybersecurity that warns the nation is seriously underprepared for cyber attacks calls for the creation of a federally-funded center to develop cybersecurity insurance certifications and a...
PG&E Has Settled One Battle Involving California Wildfire Fund
Mar 11 2020 // Pacific Gas & Electric told a federal bankruptcy judge that it has settled a dispute with disaster-relief agencies that threatened to siphon money away from a $13.5 billion fund earmarked for victims of catastrophic...
Houston-Area Physicians Group Settles False Billing Claims Case for $1.2M
Mar 11 2020 // Millennium Physicians Association PLLC has paid the United States $1,248,964 to resolve claims that they improperly billed the Medicare program for sleep studies, the U.S. Attorney’s Office for the Southern District...
U.S. Jury Awards Four VW Diesel Owners $100K in Punitive Damages Over Cheating
Mar 11 2020 // A U.S. jury in California on Monday awarded the drivers of four Volkswagen AG vehicles a total of $100,000 as punitive damages for being sold diesel vehicles that emitted excess pollution, although the amount awarded was a...
