Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
AXA XL, Vindati to Offer Ocean Cargo Insurance Via Online Platform
Jul 29 2019 // AXA XL’s U.S. marine insurance business and Vindati, an insurtech managing general underwriter (MGU) offering specialty products and an integrated shopping experience for brokers and agents, have partnered to offer...
Costs, Underinsurance Bigger Challenge Than Uninsured in U.S. Health System
Jul 29 2019 // America’s much-maligned health care system is covering 9 out of 10 people, a fact that hasn’t stopped the 2020 presidential candidates from refighting battles about how to provide coverage, from Bernie...
Markel Puts CATCo into Run-Off and Launches New Retrocessional ILS Platform
Jul 26 2019 // Markel Corp. announced it is putting its Bermuda insurance linked securities unit, Markel CATCo, into run-off at the same time it announced it is launching a new retrocessional ILS fund platform, which will be ready to...
Data-Deprived Auto Insurers Cautious About Discounts for Advanced Safety Features
Jul 26 2019 // Automakers are accelerating the rollout of technology designed to avoid crashes, but insurance companies are waving a caution flag at consumers eyeing discounts for buying collision-avoiding brakes or automated cruise...
Wildlife Protection Rezoning Could Mean Flood Insurance Aid for 900 Coastal Mansions
Jul 26 2019 // On an exclusive Connecticut peninsula, where signs warn outsiders to stay off private roads, eight multimillion-dollar homes with sprawling yards along the Long Island Sound are poised to become eligible for...
Company to Settle Federal Suit Over Sex Harassment at Texas Plant for $55K
Jul 25 2019 // G2 Corporation, doing business as Screen Tight, has agreed to pay $55,000 and furnish significant relief to settle a sex discrimination lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC). The EEOC...
U.S. Appeals Court: Ohio Work Comp Solicitation Ban at Odds with Free Speech Law
Jul 25 2019 // In siding with a law firm in a case involving access to workers’ compensation claimant information and the use of that information for solicitation, the U.S. Court of Appeals for the Sixth Circuit has declared...
First Half Natural Disasters Cost Insurers $20B, Down 26% from 18-Year Average: Aon
Jul 25 2019 // Global insured losses from natural disasters during the first half were estimated at US$20 billion, which is 26% lower than the H1 average of US$27 billion seen during the years 2000-2018, according to Aon’s...
Allergan Announces Global Recall of Textured Breast Implants
Jul 25 2019 // Allergan Plc said on Wednesday it was recalling its Biocell textured breast implants and tissue expanders across markets, citing concerns over a rare form of cancer, after the U.S. health agency asked the drugmaker to pull...
U.S. Announces $5 Billion Fine Against Facebook, Other Privacy Settlement Terms
Jul 24 2019 // Facebook Inc. will pay a record-breaking $5 billion fine to resolve a government probe into its privacy practices and the social media giant will restructure its approach to privacy, the U.S. Federal Trade Commission said...
Key Finance Committee Senators Unveil Bipartisan Drug Price Bill
Jul 24 2019 // The top Republican and Democrat on the U.S. Senate Finance Committee announced a proposal to lower prescription drug prices on Tuesday that could save $100 billion in costs to government healthcare programs, and said the...
Ensurance Expands Terrorism, Sabotage Coverage to US; Hires 2 New Underwriters
Jul 24 2019 // Ensurance, the specialist MGA and Lloyd’s of London Coverholder, has launched a new terrorism and sabotage insurance offering for the U.S. market. The product will support the U.S. property market and is backed by an...
EEOC Sues McDonald’s Over Religious Discrimination Against Florida Job Applicant
Jul 24 2019 // The U.S. Equal Employment Opportunity Commission (EEOC) has sued the owner of multiple McDonald’s restaurants in Central Florida for violating federal law for refusing to hire a job applicant who would not shave his...
Roundup Not Only Monsanto Legal Woe For Bayer; PCB Claims Still Coming
Jul 24 2019 // The widening legal nightmare over Roundup weedkillers isn’t the only potential multi-billion-dollar liability Bayer AG inherited last year when it acquired Monsanto Co. While thousands of damage claims over Roundup...
Addressing Florida’s Rising Tide of Flood Exposures
Jul 24 2019 // In the past five years, all 50 states have experienced some type of flooding. Flooding has led to disasters throughout the decades, and this year, it is expected to become unprecedented yet again. Despite a long history of...
Largest U.S. Data Breach Settlements with Government Include 3 Insurers
Jul 23 2019 // The U.S. Federal Trade Commission announced on Monday that Equifax Inc. will pay up to $700 million for a data breach that exposed millions of consumers’ personal information. The following are seven of the largest...
More Funds Sought for Those Exposed to Radiation from Nuclear Weapons Test
Jul 23 2019 // A compensation program for those exposed to radiation from years of nuclear weapons testing and uranium mining would be expanded under legislation that seeks to address fallout across the western United States, Guam and...
U.S. Close to $5 Billion Penalty Against Facebook Over Cambridge Analytica Data
Jul 23 2019 // The U.S. Federal Trade Commission is expected to announce a roughly $5 billion settlement with Facebook Inc. as early as this week of its investigation into the social media company’s handling of user data, two...
U.S. Criminally Charges Ohio Opioid Distributor with Profiting from Epidemic
Jul 22 2019 // An Ohio drug wholesale distributor and two former executives on Thursday were charged with profiting from the U.S. opioid epidemic by selling millions of pills despite signs the addictive drugs were being misused. Federal...
China Opens Financial Sector to Increased Foreign Investment
Jul 22 2019 // China opened up its financial sector to more foreign investment as the government said it will take targeted measures to cope with rising risks and challenges facing the industry. Foreign investors can take a stake or...
