Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Supreme Court Agrees to Hear Jurisdiction Question in Climate Damages Lawsuit
Oct 5 2020 // The U.S. Supreme Court on Friday agreed to hear an appeal by energy companies including BP PLC, Chevron Corp., Exxon Mobil Corp. and Royal Dutch Shell PLC contesting a lawsuit by the city of Baltimore seeking damages for...
Appeals Court Reinstates Glaxo $235.5 Million Verdict Against Teva
Oct 5 2020 // A federal appeals court on Friday reinstated a 2017 jury verdict ordering Teva Pharmaceutical Industries Ltd. to pay GlaxoSmithKline Plc $235.5 million for selling a generic version of Glaxo’s heart drug Coreg. In a...
Hotel Sector Sees Tough Times, High Rates in Insurance Market
Oct 5 2020 // The hotel industry was one of the first industries affected when COVID-19 forced the travel industry into standstill, and many predict it will also be one of the last industries to recover. Even as travel has ticked up...
COVID-19: No One Avoids the Impact
Oct 5 2020 // Workers’ Compensation Premiums Down 8% in First Half of 2020 Prior to discussing the results of our review of aggregate workers’ compensation insurance written in the U.S. during the first half of 2020 versus...
Value of Employee Benefits
Oct 5 2020 // The pandemic has brought to light the importance of having the right protections in place, especially those that protect life and health. According to The Hartford’s Future of Benefits Study, some 40% of U.S. workers...
Plaintiffs Win One, Lose One in COVID-19 BI Legal Fight
Oct 5 2020 // A federal judge in Florida late last month denied an insurer’s petition to dismiss a COVID-19 business-interruption lawsuit, while a federal magistrate judge in California threw out a similar claim. Both lawsuits...
P/C Mutual Insurers Improved Underwriting in 2019: AM Best
Oct 5 2020 // Top 10 Hold 72% of Market: AM Best Despite a highly competitive property/casualty insurance industry and pressures on operating performance, U.S. mutual insurance companies reported continued improvement in underwriting...
New Jersey Man Sentenced to One Year in Prison for Role in Insurance Fraud Scheme
Oct 2 2020 // A New Jersey man has been sentenced to 12 months and one day in prison for his role in an automobile accident scheme supporting fraudulent insurance claims. Luis G. Aguirre, of Hudson County, N.J., was sentenced for his...
Judge Blocks Trump ‘Secretive’ Commission Report on Police and Civil Justice
Oct 2 2020 // Before a U.S. federal judge on Thursday halted the work of a Trump administration law enforcement commission – saying it had violated public meetings laws – the panel had been warned about shutting out public...
Amazon Reveals 19,000 Frontline Workers Contracted Coronavirus
Oct 2 2020 // Amazon.com Inc. on Thursday said more than 19,000 of its U.S. frontline workers contracted the coronavirus this year, or 1.44% of the total, a disclosure sought by labor advocates who have criticized the COVID-19 response...
Russia-Backed Hackers Behind Most Nation-State Cyber Attacks: Microsoft
Oct 2 2020 // Russia-based hackers are responsible for the majority of nation-state attacks on Microsoft customers, according to new data from company. Microsoft Corp. has issued 13,000 alerts about nation-state hacking attempts to its...
Argument in London Pub Between U.S., British Agents Is Focus of UK Employment Suit
Oct 2 2020 // An insult-laden spat at a London pub that strained relations between U.S. and British law-enforcement agencies is at the center of a employment tribunal lawsuit against the UK Serious Fraud Office. Tom Martin, an...
U.S. Treasury Warns Cyber Insurers Against Paying Ransomware Demands
Oct 1 2020 // The U.S. Treasury Department is warning that individuals or businesses that help facilitate ransomware payments may be violating anti-money laundering and sanctions regulations. The warnings came in a pair of advisories,...
Ascot Names S&P’s Guijarro as U.S. Chief Risk Officer
Oct 1 2020 // Specialty insurer Ascot announced the appointment of Steve Guijarro as U.S. chief risk officer and group head of Exposure Management. Guijarro will have primary responsibilty for Ascot’s enterprise risk management...
FAA Chief Completes Boeing 737 Test Flight: Likes What He Saw But Process Not Done
Oct 1 2020 // Federal Aviation Administration (FAA) Chief Steve Dickson conducted a nearly two-hour evaluation flight at the controls of a Boeing 737 MAX on Wednesday, a milestone for the jet to win approval to resume flying after two...
Health Insurer Anthem Settles States’ Cyber Breach Probe for $40 Million
Sep 30 2020 // Anthem Inc. said on Wednesday it would pay $39.5 million as part of a settlement with U.S. states attorneys general following an investigation into a massive cyber-attack at the company in 2015. The second largest U.S....
Personal Finance Firm Credit Karma to Offer Checking Account in U.S.
Sep 30 2020 // Personal-finance company Credit Karma said on Tuesday it would launch a checking account to U.S. members this year, making it the latest fintech to join the crowded digital banking market. Credit Karma Money Checking will...
The State of Surplus Lines Insurance: Busy Solving Risk Puzzles in a Complex World
Sep 30 2020 // Insurance professionals in the surplus lines sector are busy. Busy adapting to a changing business world during COVID-19. Busy adapting to a changing property/casualty market where standard lines insurers are steadfastly...
FAA Chief to Conduct Own Test Flight of Boeing 737 MAX
Sep 30 2020 // Federal Aviation Administration (FAA) Chief Steve Dickson is due to conduct a two-hour evaluation flight at the controls of a Boeing 737 MAX on Wednesday, a key milestone for the jet to win approval to resume flying after...
Private Equity Firm Hg Invests in Hyperion in Transaction Valued at US$5 Billion
Sep 30 2020 // Hg, the European private equity investor focused on software and service businesses, announced it will make a significant long-term equity investment in Hyperion Insurance Group Ltd., the insurance intermediary. The...
