Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Arctic Winter Ice Covers 2nd Smallest Area on Record, Opening Region to Shipping
Mar 28 2018 // Winter sea ice on the Arctic Ocean covered the second smallest area on record this year, part of a thaw that is opening the region to shipping and oil exploration and may be disrupting weather far to the south, scientists...
Final Loss Estimate for Australia’s Cyclone Debbie Is A$1.7B (US$1.3B): PERILS
Mar 28 2018 // The final property insurance loss estimate for Australia’s Tropical Cyclone Debbie is A$1.7 billion (US$1.3 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide...
Takata Employee Whistleblowers Awarded $1.7 Million
Mar 28 2018 // Three former Takata Corp. employees will share an award of $1.7 million after they alerted authorities to the risks of deadly air bag inflators that led to the largest recall in automotive history. The whistleblowers...
Validus Specialty, Eagle Ocean America to Offer Marine Vessel Operator Coverage
Mar 27 2018 // The Marine & Upstream Energy insurance team of Validus Specialty Underwriting Services, Inc. has partnered with Eagle Ocean America, a full-service insurance facility operated by Eagle Ocean Agencies, to offer new...
Supreme Court Refuses to Hear Greenberg Appeal Over AIG Bailout
Mar 26 2018 // The U.S. Supreme Court on Monday handed a defeat to former American International Group Inc. CEO Maurice “Hank” Greenberg, refusing to hear an appeal he led arguing that the federal government illegally bailed...
In Reply to Cities’ Liability Suit, One Oil Firm Agrees Humans Causing Climate Change
Mar 26 2018 // A Chevron attorney said in court last Wednesday that the company supports scientific conclusions that humans are causing climate change, a response to a lawsuit that accuses five major energy producers of misleading the...
How Trump Policies Contribute to Dire Scenario for Workers’ Compensation
Mar 26 2018 // At a time when the nation’s workers’ compensation system is facing an aging workforce and a pending widespread labor shortage, federal policies on immigration and health insurance promise to exacerbate these...
Arsenic in Groundwater? Virginia Coal Ash Case Before Court
Mar 23 2018 // Virginia’s largest electric utility asked a federal appeals court Wednesday to overturn a judge’s ruling that the company is violating federal law by discharging arsenic through groundwater into surrounding...
Facebook User Sues Over Personal Data Release to Cambridge Analytica
Mar 23 2018 // A Facebook Inc. user sued the social network and a data research firm that played a role in the election of President Donald Trump alleging that her privacy was violated when information on some 50 million users was...
European Insurtech Investment Growth Surpasses North America in 2017: Accenture
Mar 22 2018 // Global investment in the insurance technology (insurtech) industry surged in 2017, with Europe emerging as a new insurtech hub outside the U.S., according to new research from Accenture. The research, which includes new...
Low Back Pain, Which Affects 540 Million Worldwide, Often Mistreated
Mar 22 2018 // Low back pain is the leading cause of disability worldwide, affecting an estimated 540 million people at any one time. Yet, a new series of papers in The Lancet highlights the extent to which the condition is mistreated,...
Driverless Vehicles Provide Test of Attitudes Toward Risk: Kemp
Mar 22 2018 // Uber has suspended road tests of self-driving vehicles after the first pedestrian was killed by one of its vehicles operating under autonomous computer control. Proponents of self-driving vehicles claim they would be...
Moody’s Projects Stable Outlook for Global Insurance Brokers
Mar 22 2018 // The 2018 outlook for insurance brokers is stable, reflecting good product demand, low capital requirements, significant variable costs, and healthy EBITDA margins and cash flows, which will continue to attract investors,...
Big Oil to Face Questions on Climate Change as Cities’ Abatement Lawsuit Proceeds
Mar 21 2018 // Five of the world’s biggest energy producers will be questioned by a federal judge on Wednesday about climate change science, part of a lawsuit that accuses the companies of misleading the public for years about...
Judge Says President Trump Not Immune to Defamation Suit Over ‘Unofficial Conduct’
Mar 21 2018 // A New York state judge on Tuesday said U.S. President Donald Trump must face a defamation lawsuit by a woman who accused him of sexually harassing her after she appeared on his former reality TV show. The decision by...
Former Federal Insurance Chief McRaith Joins Blacsktone’s Insurer Investment Team
Mar 20 2018 // Michael McRaith, former director of the U.S. Department of the Treasury’s Federal Insurance Office (FIO), has been named managing director for Blackstone Insurance Solutions (BIS), a newly formed business offering...
JLT Specialty USA Names Marsh’s Forbes as Senior Vice President for U.S. Property
Mar 20 2018 // Global specialty broker JLT Specialty USA said it has appointed Josh Forbes as senior vice president with its U.S. property team. Forbes will serve real estate clients by leveraging his experience in the field. Based in...
Credit Insurers Stopped Backing Toys ‘R’ Us a Year Ago
Mar 19 2018 // When Toys ‘R’ Us secured a $3.1 billion bankruptcy loan in September, toy makers were reassured they would be paid for goods delivered to the company as it tried to emerge from Chapter 11. Now those payments...
For U.S. Doctors, Being Sued Is Common Ailment
Mar 19 2018 // Getting sued is not an uncommon event for physicians. More than a third of physicians (34 percent) have had a claim filed against them at some point in their careers. Also, according to research from the American Medical...
People
Mar 19 2018 // Nicholas “Nick” Lorusso has been appointed chief deputy of the Louisiana Department of Insurance (LDI) and Denise Dunckel has been named deputy commissioner of Public Affairs. Lorusso will manage LDI operations...
