Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
U.S. Says 7 Firms Falsely Claiming Products Treat COVID-19
Mar 9 2020 // The Federal Trade Commission and U.S. Food and Drug Administration (FDA) have warned seven companies for allegedly selling unapproved products that may violate federal law by making deceptive or scientifically unsupported...
Europe’s Storm Dragi-Eberhard Cost Insurers €782M (US$882.9M): PERILS
Mar 9 2020 // PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, disclosed its fourth and final loss estimate of €782 million (US$882.9 million) for Europe’s Extratropical...
OSHA Cites Two Construction Companies After Employee’s Fatal Fall in Pennsylvania
Mar 9 2020 // The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited CLF Construction Inc. and Toll Brothers Inc. for exposing employees to fall hazards after a CLF employee suffered fatal...
UK Insurance Claims from Storms Ciara and Dennis Estimated at US$473.7M
Mar 9 2020 // Insurers expect to make payments to customers hit by the recent Storms Ciara and Dennis of over £363 million (US$ 473.7 million), according to initial estimates from the Association of British Insurers (ABI). Initial ABI...
FACTBOX: Latest News on Coronavirus’ Health, Economic Impact
Mar 9 2020 // The number of people infected with coronavirus topped 110,000 across the world as the outbreak reached more countries and caused more economic damage. DEATHS/INFECTIONS * More than 110,000 people have been infected by the...
Workers on Coronavirus Front Lines Fear Protections Are Inadequate
Mar 9 2020 // As coronavirus cases exploded across the world, federal medical workers tasked with screening incoming passengers at U.S. airports grew alarmed: Many were working without the most effective masks to protect them from...
Fitch Sees Only ‘Modest Impact’ on U.S. P/C Insurance from Coronavirus
Mar 9 2020 // The coronavirus (COVID-19) outbreak is not currently anticipated to have a meaningful adverse impact on financial results reported by U.S. property/casualty companies, nor their ratings, according to Fitch Ratings. The...
Homeowners’ Satisfaction
Mar 9 2020 // U.S. homeowner insurers are doing a better job than ever making their customers happy when responding to claims, according to J.D. Power. Results of the firm’s Property Claims Satisfaction Study show that overall...
Business Moves
Mar 9 2020 // National ProAssurance, NORCAL Healthcare liability insurer ProAssurance Corp. has agreed to acquire medical professional liability insurer NORCAL Mutual Insurance Co. following NORCAL’s demutualization in a $450...
Declarations
Mar 9 2020 // Not High Time “This bill is not about getting high. This bill is about getting well.” — Dr. Alan Shackelford, a Colorado doctor who described the success of using medical marijuana on people with seizures...
Board Finalizes Rule Scaling Back Joint Employer Liability for Franchisees, Contractors
Mar 9 2020 // A U.S. labor board finalized a rule that will make it more difficult to hold companies liable for unlawful labor practices by franchisees and contractors, reversing a more worker-friendly Obama-era standard criticized by...
Coronavirus Wreaks Havoc on Global Businesses as Infections Pass 100,000
Mar 6 2020 // The number of people infected with the new coronavirus surpassed 100,000 across the world on Friday, as the outbreak reached more countries and economic damage intensified, with business districts beginning to empty and...
Sompo GRS Launches Replacement Value Protection Coverage for Real Estate Firms
Mar 6 2020 // Sompo Global Risk Solutions (GRS), a subsidiary of Sompo International Holdings Ltd., has entered into a partnership with independent risk management and insurance consulting firm Fisher Harris Shapiro, Inc. (FHS) to offer...
One U.S. State May Look at Insurers’ Fossil Fuel Investments and Underwriting to Combat Climate Change
Mar 5 2020 // A Connecticut lawmaker has plans for a bill that not only calls for the state to look at which insurers have fossil fuel investments – a growing trend among government entities as of late – but also which ones are...
Lawsuits Against Businesses Over Coronavirus Have Begun. More to Come?
Mar 4 2020 // The coronavirus has upended markets, disrupted supply chains and forced quarantines. It’s all fertile ground for lawsuits. Hospitals, restaurants, day care centers, nursing homes and hotels may face claims that they...
Lloyd’s Promotes Miesowitz to Succeed Retiring Gunset as U.S. General Counsel
Mar 4 2020 // Lloyd’s of London has promoted Sabrina Miesowitz to U.S. general counsel to succeed Joe Gunset who is retiring from the role after almost 20 years at Lloyd’s. Miesowitz, who was formerly the deputy U.S. general...
Fitch Sees Only ‘Modest Impact’ on U.S. P/C Insurance from Coronavirus
Mar 3 2020 // The coronavirus (COVID-19) outbreak is not currently anticipated to have a meaningful adverse impact on financial results reported by U.S. property/casualty companies, nor their ratings, according to Fitch Ratings. The...
Homes in Flood Plains May Be Overvalued by $34 Billion
Mar 3 2020 // At least 3.8 million U.S. homes lie in flood plains. Together, they may be overvalued by $34 billion. New research published Monday in a National Bureau of Economic Research working paper shows that markets fail to...
UK Financial Services Could Fare Less Well in U.S. Trade Deal than Energy, Cars
Mar 3 2020 // Britain’s financial services industry could fare less well than energy, autos and other sectors under a free trade deal with the United States, the government said on Monday. Britain said in its negotiating mandate...
Update: Swiss Re Plans to Make UBS CEO Ermotti Its Chairman in 2021
Mar 3 2020 // Swiss Re plans to make UBS Group Chief Executive Sergio Ermotti its chairman from next year, the world’s second-biggest reinsurer said on Tuesday, turning to a financial industry veteran with scant insurance...
