Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Hurricane Dorian Caused More Than C$105M in Insured Damage to Atlantic Canada
Oct 7 2019 // Hurricane Dorian hit Atlantic Canada on Sept. 7 causing more than C$105 million (US$78.9 million) in insured damage, said Insurance Bureau of Canada, quoting the Catastrophe Indices and Quantification Inc. (CatIQ).* The...
States Suing Purdue Pharma Claim Sacklers Drew $13 Billion Profit from OxyContin
Oct 7 2019 // OxyContin maker Purdue Pharma LP steered up to $13 billion in profits to the company’s controlling Sackler family, according to U.S. states opposing efforts to halt lawsuits alleging the company and its owners helped...
Supreme Court Session Opening This Week Faces Controversial Rights Issues
Oct 7 2019 // The U.S. Supreme Court kicks off its new term this week, with a major dispute on tap over whether a landmark decades-old federal anti-discrimination law that bars sex discrimination in the workplace protects gay and...
Update on Lawsuits Targeting Vaping; Litigation Expected to Grow
Oct 7 2019 // Several deaths and potentially hundreds of illnesses tied to e-cigarettes, which allow users to inhale nicotine vapor, often flavored, without smoking, have been reported by U.S. health agency. Lawsuits on behalf of young...
Catastrophe Modelers: U.S. Insured Losses from Dorian Could Reach $1.5B in U.S.
Oct 7 2019 // Insured loss estimates for Hurricane Dorian will range from $500 million to $1.5 billion, according to catastrophe modeling firms Karen Clark & Co. and RMS. According to KCC, Dorian reached peak intensity of 185 mph...
A Blistering Start to 2019 Closely Tracks 2018’s Record-Setting Numbers
Oct 7 2019 // The number of publicly announced deals that closed in the insurance distribution sector during the first two quarters of 2019 closely tracked the number of deals during the same period in 2018, suggesting that 2019 may be...
Surplus Lines Premium Grows in Response to Weak Results; Top 15 E&S Writers: Fitch
Oct 7 2019 // Direct written premiums in the U.S. excess and surplus (E&S) lines market during 2018 grew at its greatest rate since 2012, increasing 11% and representing the eighth consecutive year of premium growth, according to...
Local Officials from Across U.S. Pressure McDonald’s on Workplace Harassment Policies
Oct 7 2019 // Scores of local government officials from 31 U.S. states pressured McDonald’s Corp.’s in late September to do a better job of protecting workers from groping, obscene comments and other forms of sexual...
Colorado Banks Quietly Serving Cannabis Industry
Oct 4 2019 // Colorado’s cannabis industry has had a chief request since marijuana was legalized: Give us access to banks. But it turns out that hundreds of the state’s pot businesses are already working with financial...
Tokio Marine Eyed PURE for Years. Yankees-Red Sox Finally Brought Them Together.
Oct 4 2019 // PURE Group, the high-net-worth insurer set to be acquired by Tokio Marine Holdings Inc., had been on the Japanese company’s radar for more than a decade. After PURE was created in 2006, Tokio Marine tried to set up a...
New York Court Blocks State Ban on Flavored E-Cigarettes
Oct 4 2019 // A New York court on Thursday temporarily halted a state ban on the sale of flavored e-cigarettes, giving the embattled vaping industry a breather just a day before the state’s prohibition was due to take effect. The...
Micronesians Working at Iowa Meat Plant Allege Mistreatment
Oct 4 2019 // The island nation of Micronesia is raising concerns about how some of its citizens working at an Iowa pork processing plant are being treated. Micronesia sent a formal letter to the U.S. State Department asking U.S....
Vaping-Related Death Count Rises to 18, Illnesses Surpass 1,000: CDC
Oct 4 2019 // U.S. health officials on Thursday reported 18 deaths due to a mysterious lung illness linked to e-cigarettes and other vaping products and said the number of confirmed and probable cases of the condition now exceeds...
FTC Orders E-Cigarette Makers to Relinquish Advertising, Sales Data
Oct 4 2019 // The U.S. Federal Trade Commission has ordered a half-dozen e-cigarette companies to turn over sales and advertising data, the federal regulator said on Thursday, in the first sign of a likely probe of their marketing...
Tokio Marine to Buy High Net Worth Insurer Pure for $3.1 Billion
Oct 3 2019 // Tokio Marine Holdings Inc. has agreed to buy U.S. high net worth insurer Privilege Underwriters Inc. and its specialty insurance subsidiaries, known as Pure Group, for $3.1 billion (approximately JPY 325.5B). Tokio Marine...
New Specialty Re/Insurer Convex Authorized to Write Excess and Surplus Lines in U.S.
Oct 3 2019 // Convex Group, the Bermuda-based international specialty insurer and reinsurer, announces that its UK insurance subsidiary, Convex Insurance UK Ltd., has been added to the National Association of Insurance Commissioners...
Investors Betting Against U.S. Mortgage Market Are Banking on Mispriced Flood Risk
Oct 3 2019 // David Burt helped two of the protagonists of Michael Lewis’ book The Big Short bet against the U.S. mortgage market in the run-up to the 2008 financial crisis. Now he’s betting against the market again, but...
Georgia Sheriff’s Deputy Sues Over Lack Of Transgender Insurance Coverage
Oct 3 2019 // A sheriff’s deputy in Perry, Ga., filed a lawsuit in federal court Wednesday against the county where she works over its refusal to allow her health insurance plan to cover her gender-affirmation surgery. Sgt. Anna...
Manufacturer, Staffing Agency Sued for Harassment, Retaliation at Oklahoma Site
Oct 2 2019 // U.S. officials say Johnson Controls Inc. (JCI) and ManpowerGroup US Inc. (Manpower) violated federal law when they fired a female employee who complained about sexual harassment at a JCI manufacturing facility in Norman,...
Judge Rules Harvard’s ‘Fine Admissions Policy’ Passes Constitutional Test
Oct 2 2019 // Harvard University’s undergraduate admissions program does not discriminate against Asian-American applicants, a federal judge ruled on Tuesday, rejecting a lawsuit brought by opponents of affirmative action and...
