Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Effect of Judge Ruling Affordable Care Act Unconstitutional Delayed for Appeal
Dec 17 2018 // Obamacare was struck down by a Texas federal judge in a ruling that casts uncertainty on insurance coverage for millions of U.S. residents, drawing sharp condemnation from some medical professionals and a vow for action by...
Reuters Special Report: J&J Knew About Asbestos in Baby Powder for Decades
Dec 17 2018 // Darlene Coker knew she was dying. She just wanted to know why. She knew that her cancer, mesothelioma, arose in the delicate membrane surrounding her lungs and other organs. She knew it was as rare as it was deadly, a...
Fitch Sees U.S. P/C Insurers Reducing Investments in Hedge Funds
Dec 17 2018 // U.S. property/casualty insurers’ investment position in other alternative investments as reported is concentrated within a few large insurers and is relatively stable as a percentage of invested assets for the last...
9 Month Results Show U.S. P/C Insurance Pivot to Big Profit: A.M. Best
Dec 17 2018 // The U.S. property/casualty insurance industry’s net underwriting income has so far swung from a massive loss in 2017 to substantial profit, according to an A.M. Best report. Carriers booked $3.5 billion in net...
Commercial Lines Insurance Prices Up Slightly in 3Q 2018 Over 2017
Dec 17 2018 // Commercial insurance prices in the U.S. increased by more than two percent in the third quarter of 2018, according to the Willis Towers Watson Commercial Lines Insurance Pricing Survey (CLIPS). The survey compared prices...
Chicago Doctor Convicted for Fraudulently Billing Insurers for Non-Performed Services
Dec 17 2018 // A federal jury has convicted a Chicago doctor on fraud charges for billing insurance companies for purported chiropractic manipulations that were never performed, the U.S. Attorney’s Office for the Northern District...
UN Talks Seeking Climate Rulebook Reflect U.S.-China Tension
Dec 14 2018 // China accused some of the richest nations in the world of “backsliding” on pledges to clean up pollution and provide $100 billion a year in climate-related aid by 2020. The comments at a United Nations...
Possible Drone Strike on Aeromexico Jetliner Under Investigation
Dec 14 2018 // Grupo Aeromexico SAB is investigating whether a drone slammed into a Boeing Co. 737 jetliner as the aircraft approached its destination in Tijuana, Mexico, on the U.S. border. Images on local media showed considerable...
Rhode Island Equine Insurance Agent Pleads Guilty in $1.3M Fraud Scheme
Dec 13 2018 // A Rhode Island insurance agent and agency owner who specializes in providing equine insurance coverage has admitted to operating schemes which defrauded customers, insurance companies and finance companies of approximately...
Italian Oil Services Firm Saipem Blames Cyber Attack on Shamoon Virus Variant
Dec 13 2018 // A hack on Italian oil services firm Saipem that crippled more than 300 of the company’s computers used a variant of the notorious Shamoon virus, Saipem said, a development that links the case to a massive attack in...
Current Congress Unlikely to Pass Federal Bill to Speed Up Driverless Vehicles
Dec 13 2018 // A landmark U.S. bill that would speed adoption of self-driving cars is now “a long shot” to pass before the current Congress adjourns in the coming weeks, a key Republican senator behind the legislation...
‘Ineffective’ Safeguard Cited in Husky Oil Refinery Blast in Wisconsin
Dec 12 2018 // An “ineffective” safeguard failed to prevent an explosive mixing of air and fuel at a Husky Energy refinery in Superior, Wisconsin, leading to a blast and fire in the plant’s gasoline-producing unit in...
AXA XL’s E&S Casualty Insurance Names 2 U.S. Product Leaders
Dec 12 2018 // AXA XL insurance has appointed new Excess & Surplus (E&S) Casualty product leads in the U.S. Ankur Chokshi has been promoted to head of E&S Primary Casualty and Brokerage and Binding Authority while Kimberly...
U.S. Intends to Sign Post-Brexit Insurance Pact with Britain
Dec 11 2018 // The U.S. Treasury and U.S. Trade Representative’s office said on Tuesday they intended to sign a new bilateral insurance agreement with Britain that will provide insurance market regulatory certainty and continuity...
U.S. Warns on Uptick in Chinese Hacking Setting Stage for Future Attacks
Dec 11 2018 // A senior U.S. intelligence official warned on Tuesday that Chinese cyber activity in the United States had risen in recent months, and the targeting of critical infrastructure in such operations suggested an attempt to lay...
Olympus to Pay $85 Million for Failing to Report Medical Device Contamination Risks
Dec 11 2018 // An Olympus Corp. subsidiary pleaded guilty on Monday and agreed to pay $85 million to resolve charges that it failed to file reports with U.S. regulators regarding infections connected to its duodenoscopes while continuing...
Commercial Lines Insurance Prices Up Slightly in 3Q 2018 Over 2017
Dec 10 2018 // Commercial insurance prices in the U.S. increased by more than two percent in the third quarter of 2018, according to the Willis Towers Watson Commercial Lines Insurance Pricing Survey (CLIPS). The survey compared prices...
A.M. Best Sees Private Passenger Auto Turnaround, Stable Outlook for 2019
Dec 10 2018 // Ratings analysts at A.M. Best said improved underwriting performance in the private passenger auto line of business, lower—albeit still elevated— catastrophe experience and favorable investment returns have convinced...
The Bad News About High Auto Insurance Customer Satisfaction
Dec 10 2018 // Record high customer satisfaction among auto insurance customers is clearly good news for customers, especially at a time when their overall customer experience is being tested by the rising cost of auto insurance. For...
Gallagher Buys Boston Marks Group with Offices in N. Zealand, Australia, UK & U.S.
Dec 10 2018 // Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based insurance broker, has acquired Boston Marks Insurance NZ in New Zealand, BMG Aviation in Australia and the book of business of Boston Marks Insurance Brokers...
