Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Agents Warned of ‘Creative’ Attorneys, Virus Lawsuits
Sep 30 2020 // Agents and brokers should be on alert that plaintiffs’ attorneys in COVID-19 related business interruption claims lawsuits may be eyeing them as more cases against insurance companies begin to fail and claimants...
The Big Question Is Can U.S. Restrain Worsening Wildfires?
Sep 29 2020 // This is one of a series of interviews by Bloomberg Opinion columnists on how to solve pressing policy challenges. This conversation has been edited and condensed. Romesh Ratnesar: The American West is suffering through a...
Pandemic Brings Shift in Younger Workers’ Views of Employee Benefits
Sep 29 2020 // The coronavirus pandemic has led to a greater emphasis on employee benefits that help people plan for unexpected life events and provide financial protection, according to a study by The Hartford. The Hartford’s...
Reinsurance Experience in Africa, Asia Sets MGA Tempo Underwriting Apart
Sep 29 2020 // Tom Bailey, executive director of Tempo Underwriting, has a theory about what it takes to build a business based on the reinsurance MGA model. “For a reinsurance MGA to be successful and to have a strong offering,...
U.S. Pension Funds Sue Allianz After $4 Billion in Coronavirus Losses
Sep 28 2020 // Pension funds for truckers, teachers and subway workers have lodged lawsuits in the United States against Germany’s Allianz, one of the world’s top asset managers, for failing to safeguard their investments...
Major U.S. Tech Firms Look to Be Ignoring Europe’s Data Privacy Rules
Sep 28 2020 // Technology firms’ compliance with European restrictions on transatlantic data transfers is shockingly poor, Austrian privacy campaigner Max Schrems said on Monday, publishing a survey of companies including Facebook...
Mississippi Receives $23M in Federal Funds for Flood Relief
Sep 28 2020 // Mississippi has received nearly $23 million in emergency relief funds from the U.S. Department of Transportation to repair federal roadways that were damaged by severe flooding. U.S. Sen. Cindy Hyde-Smith announced the...
Reinsurance Demand Rises, Along with Flight to Quality, Say Industry Experts
Sep 28 2020 // Not only has reinsurance buying increased, but there also has been a flight to quality reinsurers by ceding insurance companies, according to several reinsurers and brokers in recent webinars held in lieu of what would...
U.S. to Research Transmission of COVID-19 in Beef Supply Chain
Sep 28 2020 // The U.S. Department of Agriculture is funding a $1 million research project to identify how the virus that causes COVID-19 might be transmitted in the nation’s beef supply chain, from cattle on the farm to the...
California Governor Planning to Ban Sale of New Gas Vehicles in 15 Years
Sep 25 2020 // California will ban the sale of new gasoline-powered passenger cars and trucks in 15 years, Gov. Gavin Newsom announced Wednesday, establishing a timeline in the nation’s most populous state that could force U.S....
Court Nixes Opioid Proposal That Would Have Included Cities That Have Not Sued
Sep 25 2020 // A federal appeals court on Thursday overturned a judge’s approval of a novel plan by lawyers representing cities and counties suing drug companies over the U.S. opioid crisis that would bring every community...
New York, California Could be Fastest Growing States for Renewables
Sep 24 2020 // U.S. environmental policies will drive long-term demand for renewable energy, Moody’s Investors Service said in a new report. The report depicts a “a credit positive for renewable energy developers” in...
EasySend Raises $16M to Enable Insurance Companies and Financial Institutions to Build a No-Code Digital Future
Sep 24 2020 // The investment will empower insurance companies, banks, and other financial institutions to build and optimize digital journeys with an AI-powered no-code platform Tel Aviv, Israel – September 24, 2020 – EasySend, the...
Businesses Face Fewer Cyber Events, But the Attacks Are More Costly
Sep 24 2020 // The stakes are higher than ever for businesses when it comes to cyber risk, especially with the added complexity of COVID-19 thrown into the mix. Yet, even before the global pandemic struck, companies had been taking more...
Congress Parks Self-Driving Car Regulation Until 2021
Sep 24 2020 // The U.S. Congress will try again in 2021 to try to approve long-stalled reforms to speed the adoption of self-driving cars, a key Democratic lawmaker said Wednesday. U.S. lawmakers have been divided for years over how to...
For Carnival Cruise Lines, 1920 ‘Death on the High Seas Act’ Curbs Coronavirus Damages
Sep 23 2020 // Carnival Corp. is poised to dramatically curb monetary damages for passengers killed by the coronavirus under the latest court decision to side with the company. If a ruling Monday by a Los Angeles federal judge is...
2 Reasons COVID-19 Legislation is the Wrong Solution
Sep 23 2020 // Back in March and April, I gave two webinars on COVID-19 for the Academy of Insurance. If you haven’t had a chance to take those, click here to get the Academy of Insurance COVID-19 related classes. One of the topics...
Citing U.S. Sanctions, Insurers Won’t Cover Ships For Russia, Turkey Pipelines Projects
Sep 23 2020 // The world’s largest group of shipping insurers will not insure vessels involved in the Russian-led Nord Stream 2 and TurkStream gas pipeline projects because of the threat of U.S. sanctions. Associations belonging to...
Texas’ Blue Bell Creameries to Pay $17.25M in Penalties for Listeria Contamination
Sep 23 2020 // Texas-based Blue Bell Creameries L.P. has been ordered to pay $17.25 million in criminal penalties for shipments of contaminated ice cream products linked to a 2015 listeriosis outbreak, according to the U.S. Justice...
Catastrophe Losses Driven Higher by Secondary Perils – And Climate Change
Sep 23 2020 // Secondary perils, exacerbated by climate change, are driving catastrophe insurance losses, warn a growing chorus of reinsurers and brokers. Indeed, broker Aon reveals that more than 60% of 2020’s insured catastrophe...
