Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Insurance Journal’s Top 10 Cyber Risk Stories of 2019
Jan 7 2020 // Cyber risks were cited as the top concern among businesses of all sizes in 2019, according to a Travelers report released in October. Of the 1,200 business leaders who participated in an insurer-sponsored survey, 55% said...
Tokio Marine to Pay US$374M for Insurance Joint Venture with Brazil’s Caixa Bank
Jan 7 2020 // Tokio Marine Holdings Inc. announced it will pay 1.52 billion reais (US$374 million) to form a joint venture to sell mortgage and homeowners insurance for Caixa Econômica Federal, the Brazilian state-owned...
Nexus Specialty to Offer Admitted Trade Credit Products through Crum & Forster
Jan 7 2020 // Nexus Specialty Inc., part of MGA Nexus Group, has formed a new program agreement with Crum & Forster that allows Nexus to underwrite their trade credit products on a fully admitted basis in the U.S. Nexus Specialty...
FEMA Renews $1.3 Billion Reinsurance for Flood Program with 27 Carriers
Jan 6 2020 // The Federal Emergency Management Agency (FEMA) FEMA reported its 2020 traditional reinsurance placement for the National Flood Insurance Program (NFIP) in a transaction in which 27 private reinsurers assumed $1.33 billion...
January 2020 Reinsurance Renewals Varied Significantly, Brokers Say
Jan 6 2020 // The January 2020 reinsurance renewals saw significant variation in pricing and capacity depending on geography, line of business, cedents’ loss record and client relationships, according to two reports published by...
Chaucer Names 3 U.S. Property Executives
Jan 6 2020 // Specialty insurer Chaucer announced the appointment of Chance Gilliland as head of U.S. Property Insurance, Mel Smart as head of International Property Facultative and Michael Johnston as deputy class underwriter,...
Judge Triples Award for Hewlett Packard Against Quanta in Price-Fixing Scheme
Jan 6 2020 // HP Inc. was awarded $439 million in damages against Quanta Storage Inc. and its U.S. subsidiary after a federal judge tripled a jury’s 2019 award for damages caused by a widespread scheme to inflate the price of...
America Is Still Waiting for Trump’s ‘Much Better’ Replacement for Obamacare
Jan 3 2020 // As a candidate for the White House, Donald Trump repeatedly promised that he would “immediately” replace President Barack Obama’s health care law with a plan of his own that would provide “insurance...
Trump Administration Issues Partial E-Cigarette Ban
Jan 3 2020 // The Trump administration on Thursday announced a ban on some popular e-cigarette flavors, including fruit and mint, to curb rising teenage use of vaping products, allowing only menthol and tobacco flavors to remain on the...
Insurance Journal’s Top 10 East Region Stories of 2019
Jan 2 2020 // A new year is a time of reflection for some, and last year, the city of Boston began 2019 by reflecting on an important piece of the city’s history: the 100-year anniversary of The Great Molasses Flood. The flood,...
Insurance Journal’s Top 10 South Central Region Stories of 2019
Jan 2 2020 // It almost seemed like there was a major fire or explosion per month at one petrochemical facility or another in the South Central region last year. That’s not really the case, but there were a number of high-profile...
Drugmakers Begin New Year by Raising Prices
Jan 2 2020 // Drugmakers including Bristol-Myers Squibb Co., Gilead Sciences Inc., and Biogen Inc. hiked U.S. list prices on more than 50 drugs on Wednesday, bringing total New Year’s Day drug price increases to more than 250,...
Judge Temporarily Blocks California Gig Worker Law for Truckers
Jan 2 2020 // A federal judge has temporarily blocked a California labor law meant to take effect Jan. 1 from impacting over 70,000 independent truckers by granting a ‘temporary restraining order.’ U.S. District Judge Roger...
Appeals Court OKs Affordable Care Act’s Risk Payments to Insurers
Jan 2 2020 // A U.S. appeals court upheld the validity of a federal program governing the payment of billions of dollars to insurers under the Affordable Care Act, reversing a lower court ruling that had prompted the White House to...
Former Office Manager Sentenced to Prison for Embezzling $1.2M from Louisiana Business
Dec 31 2019 // The former office manager of a business headquartered in Baton Rouge, Louisiana, has been sentenced to more than three years in prison after being convicted of embezzling more than $1 million from her employer. United...
Diet Dr Pepper Is Not Promising Weight Loss, Court Rules
Dec 31 2019 // A U.S. federal appeals court on Monday said the maker of Diet Dr Pepper did not deceive consumers into thinking the soft drink promoted weight loss by including “diet” in its name, a decision that could doom a...
Allied Names Locher to Lead Winery Insurance Program in Western U.S.
Dec 30 2019 // Allied Public Risk, LLC, through its Allied Winery Risk division, has added Gregory Locher to the winery space in the Western U.S. as lead executive of the firm’s property and liability insurance program. The Allied...
China Will Begin in Earnest in 2020 to Open Its Great Financial Wall
Dec 30 2019 // China’s big bang opening of its $45 trillion financial industry begins in earnest next year — a step-by-step affair that’s unfolding just as economic strains threaten the promised windfall luring in...
Agriculture, Aviation Woes Cited for Lag in Personal Income Growth in Kansas
Dec 27 2019 // Personal income growth in Kansas is below the national average largely because of troubles in agriculture. Kansas farmers face an expanding drought and low commodity prices, though a break in an ongoing tariff dispute may...
Congress, FAA Reviewing ‘Disturbing’ Boeing Employee Communications on Safety
Dec 27 2019 // Boeing Co. documents under review by a U.S. congressional panel appear to point to a “very disturbing” picture of commentary from the planemaker’s employees over the grounded 737 MAX aircraft, a...
