Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Houston-Area Officials Say They Didn’t Know About Reservoir Flood Risks Pre-Harvey
Apr 13 2018 // Houston-area officials said during a congressional hearing that they weren’t aware of forecasts by federal authorities regarding flooding risks from local reservoirs that ended up inundating thousands of homes during...
Climate Change Act: Commit New York to Being Powered by 100% Renewables
Apr 12 2018 // Allianz says it’s further integrating ecological and social responsibility into its core business. The insurance giant, which is already known for its sustainable bent, this week issued a 2017 Sustainability Report...
Octo Telematics’ IPO Delayed After Sanctions Hit Russian Shareholder: Sources
Apr 12 2018 // Italy’s Octo Telematics has put a planned initial public offering on hold after sanctions were imposed on controlling shareholder Renova Holdings and on Renova’s Russian chairman, Viktor Vekselberg, two sources...
Judge Sets Schedule for Opioid Lawsuits Against Drug Companies
Apr 12 2018 // A federal judge pushing for a settlement in lawsuits seeking to hold drug companies responsible for their roles in the U.S. opioid epidemic on Wednesday set an aggressive schedule that would have the first trial take place...
Cautious Facebook CEO Tells Congress ‘Details Matter’ On Any Privacy Regulation
Apr 11 2018 // Facebook Inc. Chief Executive Mark Zuckerberg on Wednesday told lawmakers that his own personal data was included in that of 87 million or so Facebook users that was improperly shared with political consultancy Cambridge...
CoverWallet Expands Presence in U.S. With Rochester Office
Apr 11 2018 // CoverWallet, a small business insurance startup, has expanded its presence in the U.S. with a new office in Rochester, N.Y. This expansion comes as CoverWallet in February announced a strategic partnership with Zurich to...
China’s Ant Financial Targets at Least $8B in Investor Funding: Sources
Apr 11 2018 // China’s Ant Financial Services Group is in talks with investors to boost its fundraising target to at least $8 billion, which could see its valuation jumping to about $150 billion, people with knowledge of the plan...
China to Raise Foreign Ownership Limit in Financial Services by Year-End
Apr 11 2018 // China laid out a clearer timetable on Wednesday for opening its financial sector to more foreign investment by the end of 2018, as Beijing looks to fend off growing criticism from the United States and others that it...
Court Rules Employers Cannot Use Salary History to Justify Gender Wage Gap
Apr 11 2018 // A U.S. appeals court on Monday ruled employers cannot use workers’ salary histories to justify gender-based pay disparities, saying that would perpetuate a wage gap that is “an embarrassing reality of our...
Natural Disasters Cost Insurers a Record $144 Billion in 2017: Swiss Re’s sigma
Apr 10 2018 // Global insured losses from natural catastrophes were US$144 billion in 2017, the highest-ever recorded in a single year, according to the latest sigma study from the Swiss Re Institute. The biggest losses came from...
Consumer Reports Reaches $16.4M Settlement in Michigan Data Privacy Case
Apr 10 2018 // The publisher of Consumer Reports magazine has reached a $16.375 million settlement of a lawsuit claiming it violated Michigan privacy law by selling readers’ subscription and personal data to third parties without...
China’s Xi Maintains Commitment to Open Economy, Insurance Industry
Apr 10 2018 // Chinese President Xi Jinping promised on Tuesday to open the country’s economy further and lower import tariffs on products including cars, in a speech seen as an attempt to defuse an escalating trade dispute with...
Judge Dismisses State Farm Car Crash Suit Against Mississippi U.S. Senate Appointee
Apr 10 2018 // A lawsuit against U.S. Senate appointee Cindy Hyde-Smith of Mississippi has been permanently dismissed. The Daily Leader reports Mississippi Circuit Judge David Strong dismissed the case with prejudice April 3. That means...
Texas, Oklahoma, Kansas Facing Dual Threats: Tornadoes, Wildfires
Apr 9 2018 // Emergency officials in Oklahoma, Texas and Kansas are bracing for two types of disasters as spring gets into full swing: The start of what’s historically the most active time of year for tornadoes plus wildfire...
FEMA Chief Says Puerto Rico Needs $50 Billion to Rebuild
Apr 9 2018 // The administrator of the U.S. Federal Emergency Management Agency said Friday it will take up to an estimated $50 billion to help rebuild Puerto Rico from Hurricane Maria and warned that the U.S. territory is not ready for...
CFC Enhances Cyber Coverage for U.S. Healthcare Providers
Apr 9 2018 // Specialist insurance provider CFC has released a new version of its cyber insurance product for U.S. healthcare providers. The latest policy enhances CFC’s combined cover for privacy and operational disruption with...
U.S. March Storms Cost Economy $3B; Argentina, Uruguay Drought $4B: Aon Report
Apr 6 2018 // A series of winter storms and severe weather in the United States during March brought economic damages of US$3 billion, with public and private insurers covering roughly two-thirds of the cost, according to a report...
This Just In: Early Forecasts for 2018 Hurricane Season
Apr 6 2018 // An early forecast for the 2018 hurricane season calls for a slightly above-average season with 14 named storms, seven hurricanes, and three major hurricanes. Dr. Philip Klotzbach of Colorado State University (CSU), a...
Everest Insurance Launches Private Company Management Liability Policy
Apr 6 2018 // Everest Specialty Underwriters (ESU), a division of Everest Insurance, has launched Everest Expedition, a private company management liability policy. This new modular management and professional liability policy is...
U.S. Steel to Pay More than $1.2M in Lake Michigan Chemical Spill Case
Apr 5 2018 // U.S. Steel will pay a $600,000 civil penalty and $630,000 to reimburse various federal agencies for costs and damages after one of its plants discharged wastewater containing a potentially carcinogenic chemical into a...
