Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Bayer to Pay $1.6 Billion to End 90% of U.S. Claims for Essure Birth Control Device
Aug 21 2020 // German drugs and pesticides group Bayer said on Thursday it will pay around $1.6 billion to settle the majority of U.S. claims involving its Essure birth-control device. The agreement follows a $10.9 billion settlement in...
U.S. Charges Uber’s Ex-Security Chief With Deliberately Concealing 2016 Hacking
Aug 21 2020 // In an unprecedented case, a former chief security officer for Uber Technologies was criminally charged on Thursday with trying to cover up a 2016 hacking that exposed personal information of about 57 million of the...
California Court Ruling Offers Way for Voters to Stave Off Shutdown of Uber, Lyft
Aug 20 2020 // A California appeals court ruling on Thursday avoided a shutdown of ride-hailing services Uber and Lyft in the state, effectively handing a decision over gig worker benefits and pay to voters in a November ballot...
Chubb Signs Onto Multi-Year Sponsorship of U.S. Tennis Open
Aug 20 2020 // The U.S. Tennis Association announced that insurance carrier Chubb has become the official insurance sponsor of the U.S. Open under a multi-year agreement that begins immediately. Chubb’s branding will be featured in...
Court Deals Blow to Litigation Funders With False Claims Act Suits
Aug 20 2020 // A federal appellate court dealt a blow against litigation funding companies by ruling that the U.S. Justice Department can dismiss any False Claims Act lawsuits that it deems meritless without first proving that dismissal...
Chinese Crowdfunding, Insurance Site Waterdrop Raises $230 Million, Plans U.S. IPO
Aug 20 2020 // Chinese online insurance technology platform Waterdrop Inc. has raised $230 million in a new funding round led by reinsurer Swiss Re and Chinese internet giant Tencent Holdings, it said on Thursday. Waterdrop’s...
Drug Costs for COVID-19 Patients in U.S. Hospitals Drop But May Rise Again
Aug 20 2020 // Medication costs for COVID-19 patients hospitalized in the United States have dropped sharply since May, reflecting advances in treatment, shorter stays and use of cheaper generic drugs. But costs may rise again as...
Class Action Claims E*Trade Failed to Warn About Risks From Oil Price Crash
Aug 19 2020 // One of the biggest U.S. brokerages has been hit with a class action lawsuit after the oil price crash in April led to hundreds of thousands of dollars in losses for its clients and allegations that the firm failed to...
Constructing a Post-Pandemic Construction Market
Aug 19 2020 // The construction industry may emerge from the pandemic strong or relatively unscathed compared to other segments of the economy. But it also faces its share of challenges in managing exposures, delays, added costs and...
Business, Insurers Face Survival Showdowns Over Pandemic Coverage
Aug 18 2020 // PILANESBERG NATIONAL PARK, South Africa— Wynand du Toit’s safari camp in South Africa’s Pilanesberg National Park lies abandoned, its tents ripped open by baboons and its survival in the balance after his...
States Say OxyContin Maker Purdue Pharma Owes $2.2 Trillion for Opioid Epidemic
Aug 18 2020 // U.S. states claimed they are owed $2.2 trillion to address harm from OxyContin maker Purdue Pharma LP’s alleged role in America’s opioid epidemic, accusing the drugmaker in new filings of pushing prescription...
Progressive Enters Voluntary Market with Expanded Pet Health Insurance Product
Aug 17 2020 // Progressive will enter the voluntary benefits market through a relationship with Pets Best, which is part of Care Credit, a Synchrony product. Progressive Pet Insurance by Pets Best will be available to all U.S. companies...
Trump Approves Federal Emergency Aid for Storm-Damaged Iowa
Aug 17 2020 // U.S. President Donald Trump on Monday said he approved federal disaster aid for Iowa after a hurricane-force storm hit last week, causing widespread damage in towns and farms and leaving thousands without power. Iowa...
Global Insurance M&A Surges in 1st Half but Lull Likely in H2 on COVID Uncertainties
Aug 17 2020 // Mergers and acquisitions (M&A) in the global insurance industry rose in the first half of 2020 with 201 completed deals worldwide, up from 197 in the second half of 2019, according to Clyde & Co’s...
OSHA Defends Inspector Calling Ahead to Pennsylvania Meat Plant Before Visiting
Aug 17 2020 // A federal safety inspector tipped off a coronavirus-tainted Pennsylvania meatpacking plant before visiting the next day — then failed to issue a citation, according to testimony in a lawsuit accusing the agency of...
U.S. Approves ‘Groundbreaking’ Yale COVID-19 Saliva Test for Emergency Use
Aug 17 2020 // The U.S. Food and Drug Administration on Saturday granted emergency use authorization to Yale School of Public Health’s saliva test to detect COVID-19, after a trial on National Basketball Association players and...
RMS Estimates Insured Losses from Hurricane Isaias at $3-$5 Billion
Aug 17 2020 // Estimated total insured losses from Hurricane Isaias will be between $3.0 and $4.5 billion in the U.S. This includes estimated losses to the National Flood Insurance Program (NFIP) of between $400 and $700 million,...
Judge Tosses Texas Barbershops’ Suit Against Insurer Over Coronavirus Losses
Aug 16 2020 // A federal judge has agreed with an insurer that a group of barbershops in the San Antonio, Texas-area have no basis for claims seeking coverage under their commercial insurance policies for business interruption losses...
Dallas Doctor Sentenced to 5.5 Years in Prison for Health Care, Insurance Fraud
Aug 14 2020 // A Texas-based anesthesiologist has been sentenced to five and a half years in prison and ordered to pay more than $82.9 million in restitution for his part in a $200 million healthcare and insurance fraud scheme, according...
Oklahoma Highway Bridge Conditions Move from Worst to Top 10 in U.S. Ranking
Aug 14 2020 // The conditions of Oklahoma’s highway bridges used to be ranked as some of the worst by federal highway officials. A new ranking by the Federal Highway Administration shows they have achieved the status of the some of...
