Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Parametric Catastrophe Facility CCRIF Pays US$3.6M to Guatemala for Excess Rainfall
Jun 23 2020 // Parametric catastrophe facility CCRIF paid the government of Guatemala approximately US$3.6 million under its excess rainfall (XSR) parametric insurance policy for nine days of rain that occurred during Tropical Storms...
U.S. Court Nixes Cancer Warning on Bayer’s Roundup Weed Killer
Jun 23 2020 // A U.S. federal appeals court on Monday blocked California from requiring that Bayer AG label its glyphosate-based weed killer Roundup with a cancer warning, handing the company a victory in its ongoing litigation over the...
Supreme Court Upholds But Curbs SEC’s Power to Force Ill-Gotten Gains in Fraud Cases
Jun 22 2020 // The U.S. Supreme Court on Monday placed limits on the Securities and Exchange Commission’s practice of forcing defendants to surrender profits obtained through fraud as part of its enforcement of investor-protection...
There’s Plenty of Room for Improvement in U.S. Commercial Lines: Fitch
Jun 22 2020 // With an industry overall combined ratio for 2019 hovering just below 100, and individual lines like long-tail liability moving 10 points over breakeven, the U.S. commercial lines market has “plenty of room for...
AXA XL’s Mackie Joins Liberty Mutual Re to Head U.S. Property Business
Jun 22 2020 // Two-year old Liberty Mutual Re said it has appointed Scott Mackie to the role of director of Assumed Reinsurance – Property. Mackie will be responsible for managing the underwriting of U.S. property risk and pro-rata...
Life Care Accused of Retaliation Against Nursing Home Staffers Who Spoke to Reuters
Jun 22 2020 // A nursing home owned by Life Care Centers of America Inc. has fired one nurse and banned another from the premises after the two were quoted in a Reuters investigation detailing horrific conditions, a staff exodus and a...
New Jersey Manufacturer Fined for Failing to Correct Machine Hazards
Jun 22 2020 // The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited Bravo Pak Inc. for failing to abate hazards at its Pennsauken, N.J., facility. The company owes $259,760 in penalties. In...
China Says Food Unlikely to Be Cause of New Virus Outbreak, but Blocks Tyson Imports
Jun 22 2020 // China suspended poultry imports from a Tyson Foods Inc. plant where hundreds of employees tested positive for Covid-19, stoking concerns over the broader implications for U.S. and global meat exports. All products from the...
AI-Powered Supply Chain Software in Demand Amid Coronavirus Disruption
Jun 19 2020 // For the past seven years, a Munich-based firm called riskmethods has tried to interest companies in buying software that allows them to track all their suppliers in a way that minimizes risks in operating globally spread...
Marsh, AXA XL Launch Usage-Based Delivery Coverage for Businesses
Jun 19 2020 // Marsh, the world’s leading insurance broker and risk advisor, has launched Marsh deliveryPRO, a customizable insurance product designed to make it more efficient for U.S. businesses to meet the increased demand for...
Emerging Mkt Infrastructure Projects to Bring Premiums of $50B in Next Decade: Sigma
Jun 18 2020 // Investment in infrastructure development is set to be one of the main drivers of growth in emerging markets after the COVID-19 crisis subsides, according to Swiss Re’s latest sigma report. Emerging markets will...
US Assure to Issue Residential Builders Risk Policies Via New Online Application
Jun 18 2020 // US Assure, the program administrator for the Builders Risk Plan insured by Zurich, has launched XPressBIND, an online application that gives agents the ability to quickly issue residential builders risk policies. The...
S&P’s Outlook for AGCS Revised to Negative on ‘Weak Underwriting Performance’
Jun 18 2020 // S&P Global Ratings has revised its outlook on Allianz Global Corporate & Specialty SE (AGCS) to negative from stable, while at the same time affirmed the insurer’s “AA” financial strength and...
U.S. Automakers Revving Up Production, Stressing Covid Safety at Work and Home
Jun 18 2020 // Automakers are speeding up U.S. assembly lines to meet recovering demand, increasingly confident coronavirus safety protocols are working to prevent outbreaks in their plants but wary of the challenges workers face...
Appeals Court Rejects Qualified Immunity for West Virginia Police in Excessive Force Suit
Jun 18 2020 // A federal appeals court has vacated part of a finding that cleared five West Virginia police officers on qualified immunity grounds in an excessive force lawsuit, which was filed by the estate of a homeless black man shot...
Lawmaker Wants Government to Require Masks for Airline Passengers
Jun 18 2020 // A U.S. senator said on Wednesday he was hoping for bipartisan support in Congress for mandatory rules on masks for air travel after the head of the Federal Aviation Administration again resisted calls for a mandate. While...
ATF Offers $70K in Reward Money for 14 Suspected in Minneapolis Fires
Jun 17 2020 // Federal agents are offering $70,000 in reward money for information that helps catch 14 people suspected of setting fires during protests following George Floyd’s death in Minneapolis. The Bureau of Alcohol, Tobacco,...
Liability Waivers Not Always Effective But Employers Take ‘Better Safe Than Sorry’ View
Jun 17 2020 // As businesses reopen across the U.S. after coronavirus shutdowns, many are requiring customers and workers to sign forms saying they won’t sue if they catch COVID-19. Businesses fear they could be the target of...
Appeals Court Strikes Down Trump TV Ad Drug Price Rule
Jun 17 2020 // A U.S. appeals court on Tuesday upheld a ruling that struck down a Trump administration rule that required pharmaceutical companies to include the wholesale prices of their drugs in television advertisements. The U.S....
Russia Aims to Complete Nord Stream Gas Pipeline, Despite U.S. Objections
Jun 17 2020 // Russia’s Gazprom PJSC has made a request with the Danish government to deploy new vessels in the Baltic Sea for work on the disputed Nord Stream 2 gas pipeline, Denmark’s environmental protection agency...
