Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
U.S. Administrator Claims of Tennessee Adds Goff, Whalen as Managers
Nov 19 2020 // U.S. Administrator Claims has promoted Michael Goff to senior director to lead all claim operations. In addition to this promotion, the company has also hired Greg Whalen to be director of General Liability and Property...
Minnesota Insurance Agent Charged with Stealing $524K From Clients
Nov 19 2020 // A Minnesota insurance agent has been charged with client theft of approximately $524,000, the U.S. Justice Department says. On Nov. 18, U.S. Attorney Erica H. MacDonald reported that John David Paulson, 56, is under...
Starr’s Greenberg Sees Opportunity for Fresh Start for U.S.-China Relations Under Biden
Nov 18 2020 // U.S. President-elect Joe Biden has an opportunity to start fresh with China, a move that would benefit both nations, Maurice “Hank” Greenberg, chairman of Starr Insurance Companies, told Reuters on...
S&P Finds U.S. Insurers Made Modest Gains in Diversity Over Decade
Nov 18 2020 // The U.S. insurance industry has achieved only modest gains in increasing diversity over the last 10 years, according to government data compiled by S&P Global Market Intelligence. S&P found that the percentage of...
FAA Safety Agency Clears Boeing 737 MAX to Fly Again
Nov 18 2020 // After nearly two years of scrutiny, corporate upheaval and a standoff with global regulators, Boeing Co. won approval on Wednesday from the U.S. Federal Aviation Administration to fly its 737 MAX jet again after two fatal...
Pfizer Reports 95% Success Rate in COVID-19 Vaccine Final Trial
Nov 18 2020 // Final results from Pfizer Inc.’s COVID-19 vaccine trial showed its shot had a 95% success rate and two months of safety data, paving the way for the drugmaker to apply for an emergency U.S. authorization within days,...
Washington Insurance Agent Charged with Wire Fraud in Alleged $750K Scheme
Nov 17 2020 // A 57-year-old Snohomish, Wash., insurance agent was charged this week in U.S. District Court in Seattle with five counts of wire fraud for her theft of approximately $750,000 in premium payments from various insurance...
U.S. Safety Agency Expands Probe Into 159,000 Teslas Over Touchscreen Failures
Nov 17 2020 // The U.S. National Highway Traffic Safety Administration (NHTSA) said on Monday it was expanding a probe into nearly 159,000 Tesla Model S and Model X vehicles, upgrading it to an engineering analysis, a step required...
World Encouraged by Moderna, Pfizer Vaccines’ Success in Trials
Nov 16 2020 // Moderna Inc.’s experimental vaccine is 94.5% effective in preventing COVID-19 based on interim data from a late-stage trial, the company said on Monday, becoming the second U.S. drugmaker to report results that far...
U.S. Expected to Grant Safety Clearance for Boeing’s 737 MAX This Week
Nov 16 2020 // After a standoff with global regulators, management turmoil and a massive safety review, Boeing Co. is set to win U.S. approval on Wednesday to resume flights of its grounded 737 MAX. But the largest U.S. airplane maker...
Specialty Re/insurer Chaucer Launches Bermuda Reinsurance Branch for U.S. Business
Nov 16 2020 // Chaucer, the London-based specialty re/insurance group, announced the launch of a reinsurance branch in Bermuda to provide U.S. clients with greater access to its underwriting expertise and capacity. This follows the...
McDonald’s Plans Safety Checks of All Restaurants as COVID Cases Surge
Nov 16 2020 // McDonald’s Corp. will inspect all its U.S. restaurants to ensure compliance with safety standards as coronavirus cases surge again and “COVID fatigue” sets in, according to an internal note seen by...
People & Places
Nov 16 2020 // National Dean Klisura Brokers Guy Carpenter and Marsh, two business units of Marsh & McLennan, announced the appointment of Dean Klisura as president of Guy Carpenter, effective October 1, 2020. In this newly-created...
13 New U.S. Property/Casualty Insurer Impairments in 2019
Nov 16 2020 // The U.S. property/casualty industry saw 13 new insurance company impairments in 2019, two more than in 2018, involving entities operating in a mix of lines of business and a variety of states, according to a new AM Best...
Q3 Global Commercial Insurance Pricing Rockets 20% Higher: Marsh
Nov 16 2020 // Global commercial insurance pricing rocketed 20% higher on average in the 2020 third quarter, driven largely by rate hikes in three key lines, according to a new Marsh market update. Marsh said the jump was the largest...
Zeta’s Total Onshore U.S. Insured Losses Could Rise to $5B: RMS
Nov 16 2020 // Catastrophe risk modeler RMS has estimated that insured losses from Hurricane Zeta could rise to as high as $5 billion in the U.S. That figure is slightly higher than estimates announced earlier by catastrophe modelers AIR...
Judge Throws Out Trump Campaign’s Libel Claim Against CNN
Nov 13 2020 // A U.S. judge on Thursday dismissed a libel lawsuit filed by President Donald Trump’s re-election campaign against CNN over a 2019 opinion piece which it said suggested the campaign would be open to Russian...
For First Time, Federal Reserve Cites Climate as Financial Stability Risk
Nov 13 2020 // The U.S. Federal Reserve for the first time called out climate change among risks enumerated in its biannual financial stability report, and warned about the potential for abrupt changes in asset values in response to a...
Court Upholds Harvard’s Use of Race in Admissions; Opponents Eye Supreme Court
Nov 13 2020 // A U.S. appeals court on Thursday upheld Harvard University’s use of race in undergraduate admissions, rejecting a challenge by affirmative action opponents who said the Ivy League school’s policy discriminates...
Louisiana Court Schedules Trial on First Coronavirus Business Interruption Lawsuit
Nov 12 2020 // A trial will begin Monday in what is thought to be the first lawsuit to be filed against an insurer for denying coverage for business-interruption losses caused by COVID-19 shutdown orders. Judge Paulette R. Irons ruled...
