Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Judge Tosses ‘Underfilled Lattes’ Class Action Against Starbucks
Jan 8 2018 // Starbucks Corp. has won the dismissal of a U.S. lawsuit accusing the coffee chain of overcharging customers by underfilling lattes and mochas to reduce milk costs. U.S. District Judge Yvonne Gonzalez Rogers on Friday found...
Takata Recalls 3.3 Million More Airbags
Jan 8 2018 // Takata Corp., the parts supplier that filed for bankruptcy after sparking the largest auto recall in history, called back 3.3 million airbags as part of a U.S. order that scheduled repairs of the potentially deadly devices...
Experts See Expanding Role for Parametric Insurance, Including for U.S. Disasters
Jan 8 2018 // Catastrophic losses this year due to extreme weather events have led to a growing interest in parametric insurance in the U.S., according to industry experts. Parametric coverage is also gaining traction as hazard modeling...
Sexual Harassment: Employment Liability Tipping Point
Jan 8 2018 // From Hollywood mogul Harvey Weinstein to famed television journalist Matt Lauer, to thousands of others speaking out through the social media movement #MeToo, sexual harassment allegations from individuals who claim to...
Business Moves
Jan 8 2018 // Cook Maran & Associates, McDermott & Thomas Associates Cook Maran & Associates has acquired McDermott & Thomas Associates LLC (M&T). Cook Maran is a New York and New Jersey insurance broker, and the New...
People
Jan 8 2018 // S.S. Nesbitt & Co. Inc. (SSN), a Southeastern insurance agency and division of EBSCO Industries, Inc. (EBSCO), has appointed Mike Roman as vice president of its property and casualty sales. Roman is joining senior vice...
Startups Selected for Inaugural InsurTech Acceleration Program in Hartford
Jan 8 2018 // Hartford InsurTech Hub, an initiative established in 2017 by Hartford, Conn.-based insurance companies, the city of Hartford and CTNext, has selected the 2018 group of 11 startups that will participate in its inaugural...
People
Jan 8 2018 // Encino, Calif.-based Answer Financial has named Kevin Smith director of business development. Smith will report to Tom Capp, senior vice president of business development. Smith has more than 25 years of experience within...
Zurich Shares Lessons from First Earn-and-Learn U.S. Apprenticeship Class
Jan 8 2018 // In early 2016, Zurich North America teamed up with William Rainey Harper College in Palatine, Ill., to offer an apprenticeship in insurance program and now its first group of employee-students have graduated with a job at...
FEMA Declares Church Centers Now Eligible for U.S. Disaster Aid
Jan 5 2018 // The Federal Emergency Management Agency (FEMA) announced that private nonprofit houses of worship are now eligible for disaster assistance as community centers, without regard to their secular or religious nature. The...
Big Chill Returns to Menace Northeast as Snow Storm Subsides
Jan 5 2018 // The fast-moving snow storm that pummeled the U.S. Northeast, grounding flights, knocking out power to thousands and causing coastal flooding, gave way to a brutal cold on Friday with dozens of cities expected to break...
Idaho Ban on Secret Farm Videos Voided by Court
Jan 5 2018 // A federal appeals court has declared unconstitutional Idaho’s bans on shooting secret videos and lying to enter factory farms to expose animal abuse, but revived other parts of the state’s law to curb...
Insured Losses for Germany’s Cyclone Xavier Rise to US$391.5M: PERILS
Jan 5 2018 // The insured property market loss for Extratropical Cyclone Xavier, which affected Germany on Oct. 5, 2017, has risen to €325 million (US$391.5 million)., according to data released by PERILS, the independent Zurich-based...
I Heard There Might Be Opportunity “In-Land”
Jan 4 2018 // “According to CoreLogic, a leading source for flood and disaster risk data, approximately 70 percent of the flood damage from Hurricane Harvey was uninsured….” states Clearsurance in their recently...
Beazley Names Moy to New U.S. Marine Insurance Underwriting Team
Jan 4 2018 // Specialty insurer Beazley has appointed John Moy as U.S. marine insurance underwriter within its newly- launched U.S. marine platform. Moy will be responsible for underwriting and building the company’s U.S. hull,...
Natural Catastrophe Claims in 2017 Reached a Record $135B: Munich Re
Jan 4 2018 // The insurance industry will pay record claims of US$135 billion from last year’s spate of natural catastrophes, according to a report published by Munich Re. Further, Hurricanes Harvey, Irma and Maria (HIM), the...
How Takata Bankruptcy Could Affect Compensation for Car Owners
Jan 4 2018 // The judge overseeing the bankruptcy of Takata Corp.’s U.S. unit on Wednesday cleared the way for the company’s creditors to vote on its Chapter 11 plan, which critics say limits the legal rights of those...
China’s Ant Financial May Re-Think Global Ambitions After MoneyGram Deal Fails
Jan 4 2018 // Ant Financial may have to re-tool its global ambitions after stiff U.S. opposition scuppered what would have been its largest overseas acquisition. The Chinese financial services giant controlled by Alibaba co-founder Jack...
Genworth Not Giving Up on Being Acquired by China’s Oceanwide
Jan 4 2018 // Genworth Financial Inc. said on Wednesday it was pressing forward on its deal to be acquired by China’s Oceanwide Holdings Co. Ltd, which has stalled over concerns about Chinese access to sensitive U.S. personal data...
CFC Underwriting Launches New Product for U.S. Nutraceutical Companies
Jan 4 2018 // Specialist lines underwriting agency CFC Underwriting has added to its life sciences suite of products with a new insurance product designed specifically for nutraceutical businesses in the U.S. Coverages include products...
