Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Walmart, CVS and Rite Aid Yank Recalled J&J Baby Powder Off Shelves
Oct 28 2019 // Three major U.S. retailers, including Walmart, are removing all 22-ounce bottles of Johnson & Johnson’s baby powder from their stores, following the healthcare conglomerate’s recall last week of some...
AIG Expanding at Lloyd’s With New Unit for U.S. High-Net Worth Market
Oct 28 2019 // American International Group Inc. is ramping up its bet on the wealthiest Americans with a new push to offer policies through the Lloyd’s of London marketplace and write as much as $1 billion in gross premiums. AIG...
Start-Up Constellation Holdings Has $500M from Canadian Investors to Invest in Insurers
Oct 24 2019 // Constellation Insurance Holdings, founded by industry veteran Anurag Chandra, former CEO of Prosperity Life Insurance Group, has partnered with Canadian institutional investors, Caisse de dépôt et placement du Québec...
Reinsurers Maintain Upward Pricing Momentum-But Will It Last?
Oct 24 2019 // Positive pricing momentum—it’s the favorite phrase of many reinsurance executives, who are hoping that the momentum they’ve seen in 2019 will continue during the coming January renewals and beyond. The...
Kansas Farmer Pleads Guilty to Nearly $500K in Crop Insurance Fraud
Oct 23 2019 // Federal officials say a Kansas farmer has pleaded guilty to federal charges of crop insurance fraud and bankruptcy fraud. U.S. Attorney Stephen McAllister said Kevin W. Struss, 63, Wakeeney, Kan., pleaded guilty to one...
Texas Man Convicted of $1.7M Arson, Insurance Fraud Scheme
Oct 23 2019 // A southeast Texas man has been found guilty charges related to an arson and insurance fraud scheme in the Eastern District of Texas, the U.S. Attorney’s Office reported. According to U.S. Attorney Joseph D. Brown, a...
Texas Dentist Office Settles Federal Pregnancy Discrimination Case for $20K
Oct 23 2019 // Federal employment officials say the Texas-based dental business will pay $20,000 and provide other relief to settle a pregnancy discrimination lawsuit. According to the U.S. Equal Employment Opportunity Commission’s...
Reinsurers’ Earnings to Be Hit After 3rd Year of Major Claims: AM Best
Oct 23 2019 // Reinsurers’ earnings are likely to see further erosion in 2019 after another year of major catastrophe losses, which is prolonging the positive momentum for reinsurance pricing, according to AM Best. “Three...
Reinsurers Look at Cyber’s Massive Growth Possibilities-With Caution
Oct 22 2019 // Reinsurers are aware they must constantly invent new solutions in order to stay relevant for their clients. Yet, they admit they are sometimes challenged to close the protection gap for new and emerging risks such as...
After Avoiding Ohio Trial, Drug Firms Turn to Local Government Opioid Lawsuits
Oct 22 2019 // Four large drug companies could resume talks on Tuesday to try to reach a $48 billion settlement of all opioid litigation against them, after agreeing with two Ohio counties to a $260 million deal to avert the first...
UPS Drone Service to Deliver CVS Health Prescriptions to Homes
Oct 22 2019 // United Parcel Service Inc.’s new Flight Forward drone unit will soon start home prescription delivery from CVS Health Corp. The service, which will debut in one or two U.S. cities in the coming weeks, shows how the...
Update on Opioid Lawsuits Against Drugmakers, Distributors
Oct 21 2019 // On Monday, two Ohio counties reached a last-minute settlement with four companies they accused of fueling the nationwide opioid epidemic. The counties were seeking billions of dollars to cover the cost of addiction...
Four Drugmakers Reach $260M Settlement, Ending Opioid Trial Set to Start Today
Oct 21 2019 // Four large drug companies reached a last-minute $260 million legal settlement over their role in the U.S. opioid addiction epidemic, averting the first federal trial that was scheduled to start Monday morning in...
Supreme Court to Hear Challenge to Consumer Protection Bureau’s Structure
Oct 21 2019 // The U.S. Supreme Court on Friday agreed to hear a challenge backed by President Donald Trump’s administration to the structure of a federal agency assigned to protect consumers in the financial sector that could...
FTC’s Chopra Tells House Antitrust Panel Big Tech’s Data Practices Threaten Competition
Oct 21 2019 // U.S. technology companies sent tens of thousands of documents to the House committee investigating whether they’re using their dominance to thwart competition, as the panel looks to develop recommendations by next...
How Is Crash Risk Related to Roadway Design? It Depends.
Oct 21 2019 // How dangerous is travel in the United States? It depends on how the question is framed. If it’s risk per kilometer (about 6/10ths of a mile), the U.S. has 6.71 deaths per billion vehicle kilometers of travel compared...
Business Moves
Oct 21 2019 // East The Hilb Group, Damiano Agency, Handy-Apple Valley The Hilb Group LLC has acquired Rhode Island-based Damiano Agency. The transaction became effective July 1, 2019. For more than 30 years, DA has been delivering...
Quarter of U.S. Health Care Spending Is Waste
Oct 21 2019 // Approximately 25% of spending in the U.S. health care system can be characterized as waste. That’s between $760 billion and $935 billion annually. A study published in the Journal of the American Medical Association...
People & Places
Oct 21 2019 // National Reid French has stepped down as CEO of the insurance agency technology firm Applied Systems, and Cloud Technology Executive Taylor Rhodes has joined Applied as the new CEO. French, who served as CEO for eight...
J&J Recalls Some Baby Powder After FDA Reports Traces of Asbestos
Oct 18 2019 // Johnson & Johnson said on Friday it is recalling around 33,000 bottles of baby powder in the United States after U.S. health regulators found trace amounts of asbestos in samples taken from a bottle purchased...
