Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Sea Level Rise Puts $117.5B at Risk from Chronic Flooding
Jul 2 2018 // Those interested in risk management are starting to take climate change a bit more seriously. The evidence is anecdotal, but for that proof one can just ask Phil Renaud, executive director for the Risk Institute at Ohio...
Catastrophes Hit Homeowner Insurers; Combined Ratio Moves Above 107: A.M. Best
Jul 2 2018 // After four years of sub-100 combined ratios for the U.S. homeowners insurers, the segment saw its combined ratio deteriorate to 107.1 in 2017 as a result of numerous catastrophes, according to an A.M. Best report. The new...
Middle Market U.S. Manufacturers Predict Growth, Changing Risk as Technology Transforms the Industry: Report
Jul 2 2018 // The business climate for manufacturing in the U.S. has improved over the past few years, driving both revenue and employment growth for middle market manufacturers. But the industry is also experiencing a period of...
Employees Find Vacation Benefits Short-Lived, Don’t Offset Stressful Work Culture
Jun 29 2018 // Taking time off helps the majority of U.S. workers recover from stress and experience positive effects that improve their well-being and job performance, but for nearly two-thirds of working adults, the benefits of time...
More Employers Offering Paid Parental Leave Benefit
Jun 29 2018 // More than one in three U.S. employers offers paid maternity leave beyond the amount required by law, up from one in six earlier this decade, according to new data from the Society for Human Resource Management. All 20 of...
Hanover Stone Solutions Appoints Morrissey, Dubois as Senior Advisors in NYC
Jun 29 2018 // Hanover Stone Solutions, an advisory firm providing risk consulting services to U.S. property and casualty and life insurance companies, has appointed Joanne Morrissey and Gary Dubois as senior advisors based in New York...
China Formalizes Easing of Foreign Investment Curbs on Range of Industries
Jun 29 2018 // China is slowly following through on pledges to open up to foreigners, as an impending trade war with the U.S. focuses attention on Beijing’s grip over doing business in the world’s second-largest economy. On...
REIN, Liberty Specialty Markets Launch On-Demand Drone Coverage
Jun 29 2018 // REIN, an insurtech company providing insurance for risks posed by robotics, mobility and online ecosystems, has launched its first digital portal, DroneInsurance.com, offering drone insurance for commercial drone...
Dallas Federal Court Cuts $500M Verdict in Facebook VR Lawsuit in Half
Jun 28 2018 // A federal court in Dallas on June 27 halved the $500 million verdict that a jury ordered Facebook Inc., its virtual reality unit Oculus, and others to pay ZeniMax Media Inc., a video game publisher that alleged Oculus...
Amazon to Buy Online Pharmacy Startup PillPack as Entry Into Health Care
Jun 28 2018 // Amazon.com Inc. agreed to buy the online pharmacy startup PillPack, jumping into the health care business with a deal that will give the retail giant an immediate nationwide drug network. The move represents a formidable...
Russian Hackers Planning ‘Massive Strike’ Against Ukraine: Cyber Police Chief
Jun 27 2018 // Hackers from Russia are infecting Ukrainian companies with malicious software to create “back doors” for a large, coordinated attack, Ukraine’s cyber police chief told Reuters on Tuesday. The hackers are...
Supreme Court Rejects Banks’ Appeal Over Mortgage Securities Marketing
Jun 27 2018 // (Reuters) – The U.S. Supreme Court declined on Monday to hear an appeal brought by Nomura Holdings Inc. and the Royal Bank of Scotland Group PLC seeking to overturn an order requiring them to pay $839 million for...
Chicago Staffing Firm to Pay $30K to Settle Sex Harassment, Retaliation Suit
Jun 26 2018 // Anchor Staffing Inc., a Chicago-based staffing agency, will pay $30,000 to settle a sexual harassment and retaliation lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC). The EEOC’s lawsuit...
Court Nixes Cities’ Climate Change Public Nuisance Lawsuit Against Oil Firms
Jun 26 2018 // BP Plc, Exxon Mobil Corp. and Chevron Corp. escaped blame for the public costs of global warming when a U.S. judge ruled that lawsuits by cities against oil companies aren’t the answer to climate change. “The...
EU Will Not Ease Post-Brexit Market Access for UK Insurers, Banks: Official
Jun 26 2018 // The European Union’s default market access for foreign financial firms will not be eased for Britain after Brexit and improvements to the equivalence regime will apply to all third countries, an EU official told...
Supreme Court Expands Patent Owners’ Recovery of Foreign-Based Damages
Jun 26 2018 // The U.S. Supreme Court ruled on Friday that companies can recover profits lost because of the unauthorized use of their patented technology abroad in a victory for Schlumberger NV, the world’s largest oilfield...
Marsh to Acquire Houston’s Wortham Insurance
Jun 25 2018 // Global insurance broker, Marsh, is acquiring Houston-based Wortham Insurance. Terms of the transaction, which is expected to close in the third quarter of 2018, were not disclosed. Founded in 1915, Wortham has more than...
Florida Man Sentenced to Five Years’ Probation for Workers’ Comp Fraud
Jun 25 2018 // A Trinity, Fla., man has been sentenced to five years’ probation, with the first six months to be served on home detention, for making a false statement in connection with his workers’ compensation benefits. As...
Florida Utility Contractor Faces Nearly $19K in Fines for Safety Hazards
Jun 25 2018 // South Florida utility contractor Douglas N. Higgins is facing $18,659 in proposed penalties after the U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) cited the contractor for exposing...
How Insurance Plans Contribute to Opioid Epidemic: Johns Hopkins Study
Jun 22 2018 // Health care insurers including Medicare, Medicaid and major private insurers have not done enough to combat the opioid epidemic, suggests a study led by researchers at Johns Hopkins Bloomberg School of Public Health. The...
