Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Nobody Seems to Know Why Hail Storm Losses Suddenly Began Rising in 2008
Jun 17 2019 // In 2008, the year the stock market crashed and Barack Obama won the presidency, the U.S. was hit with a weather phenomenon little noted by anyone beyond the insurance industry. The country’s losses from hail breached...
Plaintiffs Suing Drug Firms Eye Opioid Settlement Involving Every County, Municipality
Jun 17 2019 // Lawyers representing county and municipal governments accusing drug manufacturers and distributors of fueling the U.S. opioid epidemic proposed a novel plan on Friday that would allow every community nationally to...
Harvey Recovery Ongoing as 2019 Hurricane Season Begins
Jun 17 2019 // Early forecasts for the 2019 U.S. Atlantic hurricane season anticipate the period will be an “average” one. Hurricane season officially runs June 1 through November 30, however, the first named storm of the...
Business Moves
Jun 17 2019 // National Ryan Specialty, Atlantic Specialty Ryan Specialty Group has acquired the assets and operations of Atlantic Specialty Lines Inc. The ASL team is now a part of R-T Specialty, the wholesale brokerage unit of Ryan...
What Might Happen If Congress Fails to Renew Terrorism Reinsurance Program
Jun 17 2019 // The long-term viability of the U.S. property terrorism insurance market is back in the spotlight as Congress looks at renewing the federal reinsurance backstop, the Terrorism Risk Insurance Program Reauthorization Act...
People
Jun 17 2019 // National Pioneer Underwriters, the underwriting group within Minova Insurance Holdings, has appointed Nick Greggains CEO of Pioneer’s U.S. operation, effective March 25. Greggains succeeds previous U.S. CEO Gene...
My New Markets
Jun 17 2019 // FedEx Contractor Program Market Detail: Avant Brokerage (www.avantbrokerage.com) is seeking agents in the Western U.S. writing coverage for FedEx Ground independent contractors. Program features include: limited...
Flooded Farmers Filing Insurance Claims Might Also Get U.S. Trade Aid
Jun 17 2019 // The U.S. Department of Agriculture is looking into ways to allow farmers who have been unable to plant crops due to rains and waterlogged fields to qualify for farm aid payments, Agriculture Secretary Sonny Perdue...
Washington Supreme Court Rules Against Florist in Gay Wedding Case
Jun 17 2019 // A florist who refused to provide floral arrangements for the wedding of a same-sex couple violated the state’s consumer protection and anti-discrimination laws, Washington’s Supreme Court has ruled. The ruling...
China ‘Should Focus’ on Financial Market Reforms, Rather Than Punishing U.S. Firms
Jun 14 2019 // China should focus on market reforms and avoid restricting access for U.S. financial firms if the trade war escalates and spills into the financial sector, said a lobby group representing global banks and asset...
Texas Company to Pay $75K to Settle Disability Discrimination Suit
Jun 14 2019 // L-3 Communications, a large defense contractor with facilities in Texas, will pay $75,000 and furnish other relief to settle a federal disability discrimination lawsuit. According to the lawsuit filed by the U.S. Equal...
Scientists Vow to Report Flood Risk for Every U.S. Property for Free
Jun 14 2019 // In a major research undertaking, a group of scientists and a technology nonprofit technology organization have set a mission to calculate the past, current and future flood risk of every property in America. While...
Climate Change and the Reinsurance Implications
Jun 13 2019 // Climate change presents “high exposure risk” to insurers and their policyholders on many fronts: General liability claims for third-party bodily injury and property damage, directors and officers claims for a...
U.S. Safety Board: Fatal Oklahoma Well Blast Shows Need for New Rules
Jun 13 2019 // An investigation into an explosion at an Oklahoma natural gas drilling rig that killed five workers last year faulted inadequate training and equipment and called for new regulations, the U.S. safety regulator said. The...
$200M Settlement Reached in Tribune Leveraged Buyout Fraud Case
Jun 13 2019 // Real estate billionaire Sam Zell and other former officers and directors of Tribune Co. have reached a $200 million settlement resolving allegations of fraudulent transactions related to the media company’s...
Lawsuit Filed for ‘Defective’ Products Linked to London’s Grenfell Tower Fire Disaster
Jun 13 2019 // Three U.S. companies have been slapped with a wrongful death and products liability lawsuit for manufacturing products linked to London’s Grenfell tower fire. The fire, which has been called the worst UK residential...
Fitch Says 2019 Could Be Better Than 2018 for Commercial Insurance
Jun 13 2019 // Fitch Ratings said it maintains a stable outlook for U.S. commercial lines, reflecting the potential for moderately better underwriting profits and the ability of insurers to withstand potential adversity due to capital...
Suspected Attack on 2 Oil Tankers Near Strait of Hormuz Stokes Fears of War
Jun 13 2019 // Two oil tankers were damaged on Thursday in a suspected attack near the entrance to the Persian Gulf, stoking fears that high-stakes diplomatic efforts won’t avert a military confrontation between the U.S. and Iran....
Talk of Managing Earth as an Asset Wins Over Congressional Climate Change Skeptic
Jun 13 2019 // In a break from years of acrimony over basic science, House Budget Committee members on Tuesday tripped over each other to agree that climate change is not only real but caused by humans. “The last decade has seen...
Former Florida Association for Insurance Reform Expands Nationally, Will Focus on Flood
Jun 13 2019 // The Federal Association for Insurance Reform (FAIR), formerly the Florida Association for Insurance Reform, is expanding nationwide with a focus on reducing uninsured flood risk across the United States. FAIR is a...
