Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
People Moves: Great American P&C Promotes Cohen, Kadnar; Markel Adds Hiscox’s Wakeham as U.S. Terrorism Underwriter
Feb 11 2022 // Great American Insurance Group has promoted Jason M. Cohen to senior vice president and Julie F. Kadnar to divisional group president within its Property & Casualty Group. In 2006, Cohen joined the company as...
Purdue’s Sacklers Consider Adding $1 Billion More to Opioid Settlement
Feb 11 2022 // Members of the billionaire Sackler family that own Purdue Pharma LP are weighing whether to add $1 billion to the OxyContin-maker’s faltering opioid settlement bid in an effort to win over holdouts, according to...
Hamilton Launches U.S. E&S Insurer, Names Rhoades CEO
Feb 11 2022 // Bermuda-based specialty insurer Hamilton Insurance Group, Ltd. reports it has formed Hamilton Select Insurance Inc., a U.S. excess and surplus (E&S) lines insurer. Hamilton Select Insurance Inc. is domiciled in...
AXA Completes Sale of Singapore Business to HSBC
Feb 11 2022 // AXA announced it has completed the sale of its Singapore operations to HSBC for US$529 million. HSBC Insurance (Asia Pacific) Holdings Ltd., an indirect wholly-owned subsidiary of HSBC Holdings plc, completed the...
Inspector General Says Counterfeit Parts in Nuclear Plants Raise Safety Concerns
Feb 11 2022 // Many counterfeit parts have been discovered in U.S. nuclear plants, potentially increasing the risk of a safety failure, the inspector general of the federal nuclear industry regulator said in a report released on...
Virginia City Deploys Flood Safety App to Help Drivers Navigate Increased Flooding
Feb 10 2022 // The sun was shining when Kim Williams hopped in her Honda Odyssey to visit a friend at a nursing home. But an unexpected downpour on the drive back left her trapped in a maze of flooded streets. Williams made turn after...
Sarah Palin, New York Times Editor Take the Stand in Defamation Trial
Feb 10 2022 // Sarah Palin portrayed herself as a dedicated public servant in testimony in her defamation case against the New York Times, after a former editor who oversaw the 2017 editorial underlying her lawsuit on Wednesday denied...
Bipartisan Report Calls for New Strategy, Cabinet Post to Fight Opioid Epidemic
Feb 9 2022 // The U.S. needs a nimble, multipronged strategy and Cabinet-level leadership to counter its festering overdose epidemic, a bipartisan congressional commission advises. With vastly powerful synthetic drugs like fentanyl...
Vantage Group Raises Additional Capital, Acquires U.S. Admitted Carrier
Feb 9 2022 // Bermuda-based re/insurer Vantage Group Holdings Ltd. announced that funds managed by Carlyle and Hellman & Freidman have committed up to an additional $200 million of capital to fund the continuing growth of Vantage,...
Banks Warned to Prepare for Possible Russian-Sponsored Cyber Attack
Feb 9 2022 // FRANKFURT/LONDON – The European Central Bank is preparing banks for a possible Russian-sponsored cyber attack as tensions with Ukraine mount, two people with knowledge of the matter said, as the region braces for the...
Judge Dismisses Fired Amazon Worker’s Lawsuit Alleging Discrimination
Feb 9 2022 // A federal judge on Monday sided with Amazon.com Inc. in dismissing a discrimination lawsuit that workplace organizer Christian Smalls had filed against his former employer. U.S. District Judge Rachel Kovner rejected...
Couple Accused of Laundering $4.5B in Bitcoin Tied to 2016 Hack
Feb 9 2022 // The U.S. Justice Department said on Tuesday it has unraveled its biggest-ever cryptocurrency theft, seizing a record-shattering $3.6 billion in bitcoin tied to the 2016 hack of digital currency exchange Bitfinex and...
COVID-19 Cases Are Dropping, but Many UK Employees Still Opt to Work From Home
Feb 8 2022 // With pandemic restrictions in the UK largely gone, offices are getting busier. Yet vast numbers of desks still remain empty. Even with COVID-19 case numbers flat or falling in the UK, U.S. and much of Europe, many...
How CNN Exec’s Departure Illustrates Peril of Not Disclosing Workplace Romance
Feb 8 2022 // For all the potential peril of a workplace romance, the most common source of trouble, experts say, is allowing it to remain a secret. A case in point was last week’s abrupt ouster of longtime CNN chief executive...
FAA Proposes Rules to Protect Certification Workers From Manufacturer Interference
Feb 8 2022 // The Federal Aviation Administration (FAA) said Monday it was issuing draft guidance seeking to protect aviation employees who perform government certification duties from interference by airplane manufacturers and...
Reuters Special Report: J&J’s Secret Plan to Limit Payouts to Cancer Claimants
Feb 7 2022 // Johnson & Johnson created a plan last year to limit the financial bleeding from billions of dollars in jury awards to plaintiffs who alleged the company’s Baby Powder and other talc products caused deadly...
Montana Coal Mine Hit with $1M Fine over Safety Violations
Feb 7 2022 // A central Montana coal mine must pay a $1 million fine for violating environmental and employee safety regulations by failing to report worker injuries and improperly disposing of mine waste, the U.S. Attorney’s...
Business Moves
Feb 7 2022 // National Marsh McLennan, Affinity Agency Association Member Benefits Advisors, a national affinity-based membership and marketing insurance agency, has agreed to acquire the associations business of Mercer, a business of...
Loss Costs Outpace Increase in Premiums for U.S. P/C Industry Through Q3
Feb 7 2022 // Direct-premium production for the U.S. P/C industry through the third quarter 2021 improved as insurers increased rates, but adverse trends in loss costs for many lines of business continue to dampen profitability. Through...
U.S. Surplus Lines Premium Up 22% in 2021
Feb 7 2022 // Surplus lines premium increased 22% and transactions rebounded almost 6.6% over their 2020 totals in the 15 states with designated surplus lines’ stamping offices. The increases represented record levels of premium...
