Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Latest Shift in Growth Strategy at Lloyd’s Calls for More U.S. Business
Jun 19 2019 // Lloyd’s of London Ltd. is meeting with major U.S. insurers about driving more business through its global insurance market, Chief Executive Officer John Neal said on Wednesday. The 330-year-old insurance market,...
Drug Makers’ Supply Chain Probed as Blood Pressure Pill Tests Positive for Carcinogens
Jun 19 2019 // An online pharmacy told U.S. regulators it found another cancer-causing chemical in widely prescribed blood-pressure pills, raising new questions about a complex global web of companies that produces medicine for millions...
Aspen Taps Brekenfeld from Lloyd’s as Director of Global Corporate Development
Jun 19 2019 // Aspen Insurance Holdings Ltd. announced that Joshua (Josh) Brekenfeld has been appointed director of Global Corporate Development. Brekenfeld joins Aspen from Lloyd’s of London where he spent six years in senior...
Sen. Rubio Bill Would Block Patent Damage Claims by Foreign Firms on Watch List
Jun 18 2019 // U.S. Senator Marco Rubio filed legislation on Monday that would prevent Huawei Technologies Co. Ltd. from seeking damages in U.S. patent courts, after the Chinese firm demanded that Verizon Communications Inc. pay $1...
D&O Insurance Costs Soar as Investors Run to Court Over IPOs
Jun 18 2019 // Companies going public in the United States face insurance costs that have increased as much as 200% in the last three years to cover their executives against lawsuits alleging they misled investors. A rise in securities...
Court Relieves Insurers of $65 Million Payment Linked to Stanford Ponzi Scheme
Jun 18 2019 // A federal appeals court on Monday threw out a settlement requiring insurers to pay $65 million to a court-appointed receiver for companies once run by Allen Stanford, the Texas financier serving a 110-year prison term for...
Former Tenn. Insurance Head McPeak Joins Greenberg Traurig Law Firm in Nashville
Jun 18 2019 // Former Tennessee Insurance Commissioner Julie Mix McPeak, who stepped down as the head of the Tennessee Department of Commerce and Insurance Commissioner last month, will join the global law firm Greenberg Traurig, P.A.,...
Drugmakers Sue to Halt Rule on Prices in TV Ads
Jun 17 2019 // U.S. drugmakers on Friday filed a lawsuit to prevent the companies from disclosing the list price of prescription drugs in direct-to-consumer television advertisements as per a newly proposed government regulation. The...
Nobody Seems to Know Why Hail Storm Losses Suddenly Began Rising in 2008
Jun 17 2019 // In 2008, the year the stock market crashed and Barack Obama won the presidency, the U.S. was hit with a weather phenomenon little noted by anyone beyond the insurance industry. The country’s losses from hail breached...
Plaintiffs Suing Drug Firms Eye Opioid Settlement Involving Every County, Municipality
Jun 17 2019 // Lawyers representing county and municipal governments accusing drug manufacturers and distributors of fueling the U.S. opioid epidemic proposed a novel plan on Friday that would allow every community nationally to...
Harvey Recovery Ongoing as 2019 Hurricane Season Begins
Jun 17 2019 // Early forecasts for the 2019 U.S. Atlantic hurricane season anticipate the period will be an “average” one. Hurricane season officially runs June 1 through November 30, however, the first named storm of the...
Business Moves
Jun 17 2019 // National Ryan Specialty, Atlantic Specialty Ryan Specialty Group has acquired the assets and operations of Atlantic Specialty Lines Inc. The ASL team is now a part of R-T Specialty, the wholesale brokerage unit of Ryan...
What Might Happen If Congress Fails to Renew Terrorism Reinsurance Program
Jun 17 2019 // The long-term viability of the U.S. property terrorism insurance market is back in the spotlight as Congress looks at renewing the federal reinsurance backstop, the Terrorism Risk Insurance Program Reauthorization Act...
People
Jun 17 2019 // National Pioneer Underwriters, the underwriting group within Minova Insurance Holdings, has appointed Nick Greggains CEO of Pioneer’s U.S. operation, effective March 25. Greggains succeeds previous U.S. CEO Gene...
My New Markets
Jun 17 2019 // FedEx Contractor Program Market Detail: Avant Brokerage (www.avantbrokerage.com) is seeking agents in the Western U.S. writing coverage for FedEx Ground independent contractors. Program features include: limited...
Flooded Farmers Filing Insurance Claims Might Also Get U.S. Trade Aid
Jun 17 2019 // The U.S. Department of Agriculture is looking into ways to allow farmers who have been unable to plant crops due to rains and waterlogged fields to qualify for farm aid payments, Agriculture Secretary Sonny Perdue...
Washington Supreme Court Rules Against Florist in Gay Wedding Case
Jun 17 2019 // A florist who refused to provide floral arrangements for the wedding of a same-sex couple violated the state’s consumer protection and anti-discrimination laws, Washington’s Supreme Court has ruled. The ruling...
China ‘Should Focus’ on Financial Market Reforms, Rather Than Punishing U.S. Firms
Jun 14 2019 // China should focus on market reforms and avoid restricting access for U.S. financial firms if the trade war escalates and spills into the financial sector, said a lobby group representing global banks and asset...
Texas Company to Pay $75K to Settle Disability Discrimination Suit
Jun 14 2019 // L-3 Communications, a large defense contractor with facilities in Texas, will pay $75,000 and furnish other relief to settle a federal disability discrimination lawsuit. According to the lawsuit filed by the U.S. Equal...
Scientists Vow to Report Flood Risk for Every U.S. Property for Free
Jun 14 2019 // In a major research undertaking, a group of scientists and a technology nonprofit technology organization have set a mission to calculate the past, current and future flood risk of every property in America. While...
