Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
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...
Federal Judge Rules Against Consumer Financial Bureau Structure
Jun 22 2018 // A federal judge in New York ruled on Thursday that the structure of the U.S. Consumer Financial Protection Bureau is unconstitutional, forbidding the agency from suing a company that advances money to people awaiting...
Surgery, Not Pharma, Is Biggest Healthcare Cost Worry: Gawande
Jun 22 2018 // Dr. Atul Gawande, a surgeon who was named this week to head the company being formed by Amazon, Berkshire Hathaway and JPMorgan Chase to trim employee healthcare costs, on Thursday cited surgery as the single biggest U.S....
U.S. Missing Out on ‘Huge Economic Opportunity’ of Climate Change Fight: Canada
Jun 22 2018 // Canada has an environmental message for Donald Trump: you can’t stop the global campaign against climate change and you will hurt the U.S. by abandoning the battle. Canadian Environment and Climate Change Minister...
Sea Level Rise Puts $117.5B at Risk from Chronic Flooding
Jun 21 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...
OneBeacon Surety Revamps Leadership Team, Expands Capacity
Jun 21 2018 // OneBeacon Surety Group recently announced changes to its U.S. leadership team. In addition, it is now offering up to $250,000,000 in aggregate surety bond capacity for qualifying clients. Chad Anderson has been named head...
Why Businesses Need to Plan for Aging Workforce
Jun 21 2018 // The demographic trend is no secret: the populations of the United States and other major industrial countries are getting older, and fast. That means workforces are aging too, but employers are doing surprisingly little to...
Harvard’s Gawande Chosen to Lead Berkshire-Amazon-JPMorgan Health Initiative
Jun 21 2018 // Atul Gawande, a surgeon and journalist who has written extensively about the U.S. failure to grapple with rising healthcare spending, has been named to head a new health venture for Amazon.com Inc., Berkshire Hathaway Inc....
Two P/C Insurance Trade Groups — AIA and PCI — Plan to Merge
Jun 20 2018 // Two leading U.S. property/casualty insurance carrier trade groups are talking about merging. The American Insurance Association (AIA) and the Property Casualty Insurers Association of America (PCI) said their respective...
Catastrophes Pushed Homeowners Insurers’ Combined Ratio Above 107 in 2017
Jun 20 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...
Opioid Makers Endure Setback as Judge Lets New York Lawsuit Proceed
Jun 20 2018 // Purdue Pharma LP, Johnson & Johnson and other opioid makers faced one of the first extensive reviews of their legal defenses to claims they violated consumer-protection laws and created a public nuisance with the sale...
Correction: Safety Agency Orders Firm to Stop Selling Tesla Warning Reduction Feature
Jun 20 2018 // Correction: An earlier headline on this article incorrectly identified the product as Tesla’s. It is not; it is made by an aftermarket firm. Tesla supports the move to end sales of the product. Insurance Journal...
Maine Employers Are Not Required to Reimburse Employees for Medical Marijuana Use
Jun 19 2018 // The Maine Supreme Court has ruled that employers in the state are not required to reimburse employees for their use of medical marijuana under the Maine workers’ compensation system because federal law preempts state...
CEO of VW’s Audi Arrested in Germany over Emissions Cheating Scandal
Jun 18 2018 // German authorities arrested the head of Volkswagen’s luxury arm Audi on Monday, the most senior company official so far to be detained over the carmaker’s emissions test cheating scandal. Munich prosecutors,...
Major Growth Plans Ahead for Schinnerer Group – Now Rebranded as ‘Victor’
Jun 18 2018 // Big changes are ahead at The Schinnerer Group, a managing general underwriter (MGU), which is getting a new name – Victor – and has some major expansion plans. From its current premium base of $1.2 billion,...
Keeping Up With Construction Insurance
Jun 18 2018 // Brokers who specialize in the construction industry love their clients and are very committed to keeping up with their needs. Ask them, “So what’s new?” and the conversations inevitably veer off in...
NOAA Expects Sea Level Rise to Produce Record Coastal Flooding This Year
Jun 18 2018 // Break out the galoshes. The projected increase in high tide flooding in 2018 may be as much as 60 percent higher across U.S. coastlines compared to typical flooding about 20 years ago, according to scientists at the...
