Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Climate Change and the Reinsurance Implications
Jun 13 2019 // Climate change presents “high exposure risk” to insurers and their policyholders on many fronts: General liability claims for third-party bodily injury and property damage, directors and officers claims for a...
U.S. Safety Board: Fatal Oklahoma Well Blast Shows Need for New Rules
Jun 13 2019 // An investigation into an explosion at an Oklahoma natural gas drilling rig that killed five workers last year faulted inadequate training and equipment and called for new regulations, the U.S. safety regulator said. The...
$200M Settlement Reached in Tribune Leveraged Buyout Fraud Case
Jun 13 2019 // Real estate billionaire Sam Zell and other former officers and directors of Tribune Co. have reached a $200 million settlement resolving allegations of fraudulent transactions related to the media company’s...
Lawsuit Filed for ‘Defective’ Products Linked to London’s Grenfell Tower Fire Disaster
Jun 13 2019 // Three U.S. companies have been slapped with a wrongful death and products liability lawsuit for manufacturing products linked to London’s Grenfell tower fire. The fire, which has been called the worst UK residential...
Fitch Says 2019 Could Be Better Than 2018 for Commercial Insurance
Jun 13 2019 // Fitch Ratings said it maintains a stable outlook for U.S. commercial lines, reflecting the potential for moderately better underwriting profits and the ability of insurers to withstand potential adversity due to capital...
Suspected Attack on 2 Oil Tankers Near Strait of Hormuz Stokes Fears of War
Jun 13 2019 // Two oil tankers were damaged on Thursday in a suspected attack near the entrance to the Persian Gulf, stoking fears that high-stakes diplomatic efforts won’t avert a military confrontation between the U.S. and Iran....
Talk of Managing Earth as an Asset Wins Over Congressional Climate Change Skeptic
Jun 13 2019 // In a break from years of acrimony over basic science, House Budget Committee members on Tuesday tripped over each other to agree that climate change is not only real but caused by humans. “The last decade has seen...
Former Florida Association for Insurance Reform Expands Nationally, Will Focus on Flood
Jun 13 2019 // The Federal Association for Insurance Reform (FAIR), formerly the Florida Association for Insurance Reform, is expanding nationwide with a focus on reducing uninsured flood risk across the United States. FAIR is a...
New ‘Prepare Florida’ Initiative Offers Hurricane Preparedness Resources
Jun 12 2019 // Florida Chief Financial Officer (CFO) Jimmy Patronis has launched an initiative designed to encourage Floridians to prepare now before a hurricane makes landfall. According to a statement from the Florida Department of...
U.S. Spends Billions on Disaster Aid Over Investing in More Lasting Preparedness
Jun 12 2019 // Forecasters are expecting this year’s North Atlantic hurricane season to be roughly average, with about 14 named storms including six full-fledged hurricanes. Last week, the government finally dealt with the fallout...
Regulators Warn But Slow to Fix Blind Spots on Rising Risky Corporate Debt
Jun 11 2019 // The steady drumbeat of warnings over the surge in risky corporate borrowing is growing louder and louder. Time and again, regulators in the U.S. and Europe have pointed to the hazards of businesses taking on too much...
U.S. May Allow Flooded Farmers Filing Insurance Claims to Also Get Trade Aid
Jun 11 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 said on...
Most U.S. Commercial Insurance Prices Rose Again in Q1; Auto, D&O Lead the Pack
Jun 11 2019 // Commercial insurance prices in the U.S. increased in the first quarter about 2%, according to insurance broker and advisor Willis Towers Watson. The company’s Commercial Lines Insurance Pricing Survey (CLIPS) survey...
Some Claims of Medical Cannabis Lack Scientific Evidence
Jun 11 2019 // Marijuana has been shown to help ease pain and a few other health problems, yet two-thirds of U.S. states have decided pot should be legal to treat many other conditions with little scientific backing. At least 1.4 million...
Flooding in Central U.S. Impacts Recreation, Tourism Industries
Jun 10 2019 // As the waters of the swollen Arkansas River rose in Little Rock, and threatened to reach record heights, Samuel Ellis had to make the tough, but prudent, decision to indefinitely shutter kayak rentals from his tour...
Supreme Court to Hear BP Unit’s Montana Superfund Site Dispute
Jun 10 2019 // The U.S. Supreme Court on Monday agreed to a hear a bid by a unit of British oil major BP to avoid a lawsuit by private landowners in Montana seeking to force the company to pay for a more extensive cleanup of a Superfund...
Opioid Maker Insys Files for Bankruptcy in Wake of Bribery Convictions, Probe Settlement
Jun 10 2019 // Drugmaker Insys Therapeutics Inc., whose former executives were convicted of bribing doctors to prescribe its highly addictive opioid, filed for bankruptcy protection after agreeing to pay hundreds of millions of dollars...
Aging Oil Pipelines Operated by Canada’s Enbridge Raise Fears over Great Lakes Spills
Jun 10 2019 // Fears about oil spills into the Great Lakes from two aging U.S. pipelines have flared, raising doubts about their future and creating fresh headaches for operator Enbridge Inc and the Canadian energy sector. Canada has...
U.S. Tornadoes, Hail and Winds Reach Highest Levels Since 2011: Aon Report
Jun 10 2019 // The U.S. dealt with close to 4,400 reports of tornadoes, hail and straight-line winds in May, the most since 2011, according to weather data cited by Aon’s monthly Global Catastrophe Recap report. According to the...
Washington Supreme Court Rules Against Florist in Gay Wedding Case
Jun 7 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...
