Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Natural Disasters in Past Decade Broke Records for Economic, Insured Losses: Aon
Jan 22 2020 // The past decade broke new records in terms of economic damages and insured losses, according to Aon’s latest catastrophe report. The costs to global economies reached US$2.98 trillion between 2010 and 2019, which was...
Pandemic Fears Grow as China Steps Up Efforts to Control New Flu-Like Coronavirus
Jan 22 2020 // Deaths from China’s new flu-like virus rose to nine on Wednesday with more than 470 confirmed cases, heightening global fears of contagion from an infection suspected to have come from animals. The previously unknown...
Iran Crash Victims May Need Political Backing in Fight for Damages
Jan 22 2020 // Families of the 176 people killed when Iran shot down a Ukrainian airliner face a complicated legal battle where backing from the victims’ governments may be crucial as they seek damages, legal experts said. Lawyers...
IBM Calls For Rules to Curb Bias in Artificial Intelligence
Jan 22 2020 // IBM called for rules aimed at eliminating bias in artificial intelligence to ease concerns that the technology relies on data that bakes in past discriminatory practices and could harm women, minorities, the disabled,...
Court Dashes Teens’ Hopes, Says Suit Can’t Force Climate Action by Government
Jan 20 2020 // Climate change should be addressed by Congress and the electorate, not the courts, a federal appeals panel ruled in ending a lawsuit brought on behalf of young people who sought to force the government to draw up a plan to...
Supreme Court Says State Universities Not Immune to Patent Challenges
Jan 17 2020 // The U.S. Supreme Court refused to shield state-run universities from having to appear before a federal administrative body to defend the validity of patents they own. The justices turned down an appeal by the University of...
Reuters Report: How Secrecy in Courts Stymies Safety Regulators
Jan 17 2020 // LEBANON, Ohio — Something wasn’t right with the Rhino. Reports started trickling in to the Consumer Product Safety Commission (CPSC) in 2005 of people being killed or injured in the Yamaha Motor Co. off-road...
Global Cannabis Revenue Pushed by Sales Doubling in Some U.S. States
Jan 16 2020 // The green rush in the global cannabis market continued in 2019, with sales doubling in seven U.S. states as well as Canada, and you can expect that trend to continue this year, a report out on Thursday shows. The report...
U.K. P&C Insurers Face Strong Competition, Claims Inflation: AM Best Report
Jan 16 2020 // Market conditions for U.K. non-life insurers were difficult in 2019 as they continued to face strong competition and claims inflation, according to a report published by AM Best. Companies have had to contend with changes...
Finance, Insurance Sector ‘Wins’ in U.S.-China Trade Deal Seem Familiar
Jan 15 2020 // The long-awaited U.S.-China trade deal touted wins for U.S. companies looking to access China’s $40 trillion financial sector, but many of the changes were already in the works, with Beijing having stepped up the...
What the New U.S.-China Trade Agreement Says on Insurance
Jan 15 2020 // President Donald Trump and Chinese Vice Premier Liu He signed an economic and trade agreement that promises to increase the agricultural and other goods and services China will buy from the U.S. by $200 billion. For its...
West Virginia to Receive $866K Grant for Flood Recovery
Jan 15 2020 // The U.S. Labor Department awarded $866,675 for flood recovery in West Virginia, the state’s U.S. senators announced. The funding is through the Disaster Recovery National Dislocated Worker Grant Program. Flooding in...
One80 Intermediaries Acquires Pennsylvania’s Vista Underwriting Partners
Jan 15 2020 // One80 Intermediaries, a national wholesale insurance broker and program manager headquartered in Boston, Mass., has acquired Vista Underwriting Partners, a full service managing general underwriter of medical stop loss...
Supreme Court Declines to Hear Bonds Dispute in Puerto Rico Bankruptcy
Jan 14 2020 // The U.S. Supreme Court on Monday declined to take up a dispute that has roiled the $3.8 trillion U.S. municipal bond market over payments on special revenue bonds that grew out of Puerto Rico’s ongoing...
Brit Global Specialty Names AIG’s Ruhlman to U.S. Cyber Team
Jan 14 2020 // Brit Ltd. has named Douglas Ruhlman as assistant vice president, Cyber, for Brit Global Specialty USA. Ruhlman will work to support the underwriting and growth of Brit’s U.S. cyber portfolio. He will report to Jeff...
Nonprofit Opening Flood Risk Model to Researchers and Public
Jan 14 2020 // A nonprofit flood risk research organization is offering the first publicly available flood risk model that predicts the probability of flooding for homes and properties across the United States. Brooklyn, N.Y.-based First...
ArgoGlobal Names Shallow Head of Int’l Specialty, MacDonald Head of Non-U.S. Casualty
Jan 14 2020 // ArgoGlobal, the Lloyd’s insurer and member of Argo Group, announced the appointment of Jeremy Shallow as head of International Specialty and Ross MacDonald as head of non-U.S. International Casualty. Shallow reports...
Supreme Court Shows Interest in Child Slavery Appeals by Nestle, Cargill
Jan 14 2020 // The U.S. Supreme Court signaled interest in giving companies a broader shield from lawsuits by victims of overseas atrocities, asking the Trump administration for advice on a case stemming from child slavery on cocoa farms...
Lead, Uranium Found After Detroit River Aggregate Spill, EPA Says
Jan 13 2020 // Federal environmental officials found uranium, lead and several chemicals during testing of an industrial site where limestone construction aggregate material spilled into the Detroit River last year, a state agency...
Liberty Mutual Re Appoints Burke as VP, Director of Assumed Reinsurance
Jan 13 2020 // Liberty Mutual Re (LM Re), part of Liberty Mutual Insurance, has appointed Susan E. Burke as vice president and director of Assumed Reinsurance in its Casualty Treaty department. She will be based in LM Re’s office...
