Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Guy Carpenter, MGA Victor to Offer Coverage to U.S. Public Entity Pools
Dec 11 2019 // Managing General Underwriter Victor is now offering Guy Carpenter clients who are members of U.S. public entity insurance pools a range of property and casualty insurance products not traditionally offered by the...
E-Cigarette Makers Lose Legal Challenge to FDA’s Regulatory Authority
Dec 10 2019 // U.S. rules for marketing e-cigarettes withstood a legal challenge by a maker of the devices and an industry group. A federal appeals court in Washington upheld the Food and Drug Administration’s regulatory authority...
Beazley Life Sciences Product Aimed at Small Businesses, Start-Ups
Dec 10 2019 // Beazley has launched its BioSecure policy, a life sciences proposition designed for small businesses. The coverage provides flexible insurance protection against a range of exposures in the pharma, biotech and medical...
Study: Every $1 Spent on Buying Flood Lands Could Save U.S. $5 in Future Damages
Dec 10 2019 // Which would cost American taxpayers more: Paying now to protect undeveloped areas that are likely to flood in the coming decades, or allowing development to proceed based on current projections and paying for subsequent...
Victor Launches Lloyd’s Syndicate 2288; Frances Named Active Underwriter
Dec 10 2019 // Victor Insurance Holdings, managing general underwriter, has received approval from Lloyd’s if London to establish Victor Syndicate 2288 and commence underwriting effective January 1, 2020 with stamp capacity of...
U.S. Supreme Court Declines to Hear Arizona Opioid Claim Against Purdue’s Owners
Dec 9 2019 // The U.S. Supreme Court on Monday turned away a novel case by Arizona seeking to recover billions of dollars that the state has said that members of the Sackler family – owners of Purdue Pharma LP – funneled out...
PG&E Gains on $13.5B Settlement With California Wildfire Victims
Dec 9 2019 // PG&E Corp. surged on the strength of a Friday announcement it had secured a $13.5 billion settlement with victims of wildfires ignited by its power lines, a step toward resolving the biggest utility bankruptcy in U.S....
U.S. Commercial Insurance Prices Were Up 4% in Q3: WTW
Dec 9 2019 // U.S. commercial insurance prices accelerated during the third quarter of 2019, as the aggregate price change reported by carriers exceeded 4%, according to insurance broker Willis Towers Watson. WTS’s Commercial...
A.M. Best Weighs In With Stable Commercial Insurance Outlook for 2020
Dec 9 2019 // The market outlook on the U.S. commercial lines industry for 2020 is stable. according to analysts at ratings firm A.M. Best who cite “improved market conditions and solid levels of risk-adjusted capitalization that...
U.S. Supreme Court to Decide on Delaware Appointing Judges Based on Political Party
Dec 9 2019 // The U.S. Supreme Court on Friday agreed to decide whether the state of Delaware’s system of requiring ideologically balanced courts is lawful. The nine justices will hear the state’s appeal of an April ruling...
Uber Gets Mixed Reaction to Public Report on Sex Assaults. Now What?
Dec 9 2019 // A day after Uber revealed that more than 3,000 riders and drivers were sexually assaulted last year while using its service, attention is turning to what’s next for the ride-hailing giant and whether its plans to...
Plastics Manufacturer Settles Retired Texas Shrimper’s Lawsuit for $50M
Dec 9 2019 // A federal judge has approved a historic settlement agreement between Taiwan-based plastics manufacturer Formosa and an environmental activist represented by indigent legal services nonprofit Texas Rio Grande Legal...
Trials Over Bayer’s Roundup Weedkiller Delayed for Mediation Talks
Dec 6 2019 // Bayer AG agreed to postpone two upcoming U.S. trials involving its Roundup weedkiller to allow time for mediation talks on a possible settlement with plaintiffs. The German agriculture giant agreed to delay two trials that...
Crawford & Co. Appoints Westling as VP, U.S. Catastrophe Operations in Dallas
Dec 6 2019 // Claims services provider Crawford & Company has appointed Maureen Westling vice president of U.S. Catastrophe Services Operations. She is based in Dallas. In the newly created role, Westling will be responsible for the...
Uber Received 3,000 Reports of Sexual Assault in U.S. in 2018
Dec 6 2019 // Ride-hailing firm Uber Technologies Inc. said it received over 3,000 reports of sexual assault related to its 1.3 billion rides in the United States last year, in a report aimed at ensuring drivers and the public it was...
Companies Face Class Action Suit Over Sugar Field Burns Plaguing Poor Florida Towns
Dec 5 2019 // For residents of the Glades, a string of poor, predominantly African American rural towns dotting the southern shore of Florida’s Lake Okeechobee, the beginning of the annual sugar cane harvest in October means the...
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...
