Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Fitch Sees Strong Revenue Growth for U.S. Public Insurance Brokers in 2020
Dec 5 2019 // Publicly traded U.S. insurance brokers are expected to produce strong revenue growth for 2020 given near peak level organic growth and favorable U.S. commercial lines insurance pricing trends. Further, margins remain...
Railcar Service Company Faces $551K in Penalties After Worker Death in Pennsylvania
Dec 5 2019 // The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited Dana Railcare, based in Wilmington, Del., for confined space hazards after an employee fatality in Pittston, Penn. The...
Legacy Specialist Catalina Holdings to Acquire Asia Capital Reinsurance Group
Dec 5 2019 // Catalina Holdings (Bermuda) Ltd., the legacy re/insurance specialist, has reached an in principle agreement to acquire Asia Capital Reinsurance Group Pte. Ltd. (ACR), a Singapore-based reinsurance business. The acquisition...
Deadly Defect Causes Takata to Issue Another Major Air Bag Recall
Dec 5 2019 // Takata Corp., the auto-parts supplier that went bankrupt after its air bags spurred the largest-ever recall, told U.S. safety regulators that another 1.4 million U.S. vehicles need to be repaired over a potentially deadly...
Key Local Governments Opt Out of Big Opioid Class Action to Pursue Own Claims
Dec 5 2019 // Local governments in regions hard hit by the U.S. opioid epidemic have opted out of massive litigation taking aim at the drug industry over the crisis, potentially weakening a novel legal mechanism created to help settle...
Ping An’s Technology Unit OneConnect Reduces Offering in U.S. IPO
Dec 5 2019 // Ping An Insurance’s OneConnect Financial Technology launched a U.S. initial public offering (IPO) of up to $504 million on Tuesday, reducing both its target offering size and valuation. The unit of China’s...
New Higher-Speed Florida Train has Highest U.S. Death Rate
Dec 4 2019 // After Richard Branson announced his Virgin Group would partner with Brightline, Florida’s new higher-speed passenger rail service, a train whisked the British billionaire, VIPs and journalists from Miami to West Palm...
Latest Tests Disprove FDA Claim of Asbestos in Johnson’s Baby Powder, J&J Says
Dec 4 2019 // Johnson & Johnson said on Tuesday that recent tests showed that Johnson’s Baby Powder was free of asbestos, after U.S. Food and Drug Administration investigations reported trace amounts of the material in the...
Supreme Court Justices Question Landowners’ Claims in Montana Superfund Cleanup
Dec 4 2019 // U.S. Supreme Court justices on Tuesday appeared inclined to shield a unit of British oil major BP Plc from claims seeking a more extensive cleanup of a Superfund hazardous waste site in Montana than what federal...
Directors and Officers Face Significantly Higher Range of Risks: Allianz Report
Dec 4 2019 // The range of risks facing company executives, or directors and officers (D&Os), has increased significantly in recent years along with resulting insurance claims, according to a report published by Allianz Global...
Generali’s Talks to Buy MetLife’s Europe Assets Stall over Price Differences: Sources
Dec 3 2019 // Italian insurer Assicurazioni Generali has held talks with U.S. rival MetLife Inc to buy the bulk of its European assets but discussions have stalled due to differences over price, four sources told Reuters. Generali,...
Argo Group Hires QBE’s Grange to Join U.S. Leadership Under New Structure
Dec 3 2019 // Specialty insurer Argo Group International Holdings has named Jeff Grange to serve as an executive vice president for U.S. operations. In this role, Grange will lead the following businesses: Argo Casualty, Argo Pro, Argo...
Was It an Act of War? That’s Merck Cyber Attack’s $1.3 Billion Insurance Question.
Dec 3 2019 // By the time Deb Dellapena arrived for work at Merck & Co.’s 90-acre campus north of Philadelphia, there was a handwritten sign on the door: The computers are down. It was worse than it seemed. Some employees who...
Reuters Special Report: Powder Keg- Regulators Bowed to Industry for Decades Over Talc Risks
Dec 3 2019 // At an invitation-only gathering late last year, U.S. regulators and their guests huddled at a hotel near Washington, D.C., to discuss the best way to detect cancer-causing asbestos in talc powders and cosmetics. The...
Reinsurers Pressure Life Insurers Over Vaping Health Risks
Dec 3 2019 // Global reinsurers are stepping up their warnings to life insurer clients about the potential risks of vaping, putting pressure on underwriters to charge certain vapers higher rates than smokers, or even exclude them...
Judge Blocks Facebook Data Breach Victims from Suing for Damages as Group
Dec 2 2019 // A federal judge said up to 29 million Facebook Inc. users whose personal information was stolen in a September 2018 data breach cannot sue as a group for damages, but can seek better security at the social media company...
Massachusetts Adopts Tough Ban on Flavored Vaping, Tobacco Products
Dec 2 2019 // Massachusetts on Wednesday adopted the country’s toughest ban on the sale of flavored tobacco and vaping products, including menthol cigarettes, in response to a rise in youth vaping and an outbreak of vaping-related...
Argo Shareholders Not Alone in Wondering About CEO Corporate Jet Use
Dec 2 2019 // As U.S. corporate jet use approaches pre-financial crisis levels and chief executives take an increasing number of personal trips on the company tab, many investors are being kept in the dark about the true cost of the...
California Faces Decade of Unique Wildfire Blackouts
Dec 2 2019 // California utility PG&E Corp. has imposed 10 intentional blackouts this year to reduce risks its power infrastructure could spark wildfires and said they will continue for a decade. PG&E initially said outages...
McDonald’s Will Pay $26 Million to Settle California Wage, Overtime, Break Claims
Dec 2 2019 // McDonald’s Corp. agreed to pay $26 million to settle a nearly seven-year-old lawsuit accusing the fast food chain of underpaying U.S. staff at its corporate-owned restaurants in California. The preliminary settlement...
