Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Federal Reserve Warns of ‘Long Road’ Ahead to Economic Recovery
Jun 15 2020 // The Federal Reserve expects household finances and business balance sheets to suffer “persistent fragilities” as a result of the shock to economic activity arising from the coronavirus pandemic, the central...
Senators Draft Bill to Reform How U.S. Approves New Plane Designs
Jun 15 2020 // Two key U.S. senators are circulating a bipartisan draft bill that would reform how the Federal Aviation Administration certifies new aircraft in the wake of two fatal Boeing 737 MAX crashes that killed 346 people. The...
The Debate Between Business Owners, Insurers Over Business Interruption Claims Continues
Jun 15 2020 // As the insurance industry faces litigation and questions over virus-related claim denials, it could soon be dealing with another business income hurdle due to the civil unrest that has taken place in many U.S. cities...
People & Places
Jun 15 2020 // National Everest Insurance announced changes to the Commercial Casualty leadership team. Four underwriters across the country have been appointed leaders for the Northeast, South, Midwest and Southwest regions. Frank Engle...
Building a Post-Pandemic Construction Market
Jun 15 2020 // The construction industry is one segment of the economy that could emerge from the pandemic stronger. That’s good news for construction insurance experts. But moving forward comes with a few challenges as contractors...
After Being Sued by Sonos, Google Sues Sonos Alleging Patent Infringement
Jun 12 2020 // Google filed a lawsuit accusing home speaker maker Sonos Inc. of infringing five of its patents, escalating tensions between the partners that have already led to a U.S. International Trade Commission probe. In a complaint...
New Jersey Framing Contractor Facing $1.9M in Proposed Fines for Safety Hazards
Jun 12 2020 // The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) is proposing penalties against BB Frame LLC, operating as Frame Q and as Owner and Principal Juan Quevedo, for exposing workers to...
Enstar Boosts Capital of StarStone U.S. by $610M with Noonan, Consolino as Execs
Jun 11 2020 // Enstar Group Ltd. announced it has increased the capitalization of its specialty property/casualty insurance subsidiary StarStone U.S. Holdings Inc., by $630 million. Three private equity investors have committed $610...
Coronavirus Spreading Among U.S. Fruit, Vegetable Packers Raising Concern
Jun 11 2020 // From apple packing houses in Washington state to farm workers in Florida and a California county known as “the world’s salad bowl,” outbreaks of the novel coronavirus are emerging at U.S. fruit and...
States’ Lawsuit Accuses 26 Drugmakers of Price Fixing of Generic Drugs
Jun 11 2020 // Twenty-six drug manufacturers were sued on Wednesday by the attorneys general of most U.S. states and several territories, which accused them of conspiring to reduce competition and drive up generic drug prices. The...
Lloyd’s Insurer Lancashire Holdings Raises US$352M to Target Hard Market Opportunities
Jun 10 2020 // Lancashire Holdings Ltd. has completed an equity capital raise of approximately £277 million (US$352 million) through the placement of new common shares. The Lloyd’s insurer said it intends to use the proceeds of...
After Crashing onto Louisiana Coast, Cristobal Moves Up Mississippi River Basin
Jun 9 2020 // Tropical Storm Cristobal weakened into a depression early on June 8 after inundating coastal Louisiana and ginning up dangerous weather along most of the U.S. Gulf Coast, sending waves crashing over Mississippi beaches,...
About-Face: IBM to Exit and Oppose Facial Recognition Technology
Jun 9 2020 // International Business Machines Corp. will no longer offer general purpose facial recognition or analysis software, new Chief Executive Officer Arvind Krishna said in a letter to the members of the United States Congress...
Coronavirus Lockdowns Substantially Slowed the Pandemic, Research Says
Jun 8 2020 // New research shows that the restrictive measures taken around the world to slow the spread of the coronavirus have delivered considerable health benefits. Public health measures including social distancing and lockdowns...
Huhn-Kenzik to Lead New Sompo Environmental Unit for U.S.
Jun 8 2020 // Sompo International Holdings Ltd., a Bermuda-based specialty property,/casualty insurer, has launched a U.S. Insurance Environmental unit that augments its existing capabilities currently available through its Sompo Global...
Nevada Readies for High-Risk Fire Season Amid COVID-19
Jun 8 2020 // Fire officials preparing for a hazardous wildfire season in Nevada will be challenged by high temperatures, drought and the coronavirus. “Fire doesn’t really care that there’s a pandemic. We’re...
Willis Towers Watson Faces Shareholder Lawsuits in U.S. Over Sale to Aon
Jun 8 2020 // There have been at least three shareholder lawsuits filed over the mega-deal that would have insurance broker Aon acquire rival Willis Towers Watson. The suits allege that Willis and its directors breached their fiduciary...
Trade Credit Insurers Seek $60B from U.S. Towards Pandemic Payouts
Jun 8 2020 // U.S. trade credit insurers have approached the U.S. Treasury Department and Federal Reserve seeking financial backing for claims payments to support business supply chains hit by the novel coronavirus pandemic, three...
Does Invoking the ‘Insurrection Act of 1807’ Affect Property Coverage?
Jun 5 2020 // Rocks being thrown by President Trump are causing major ripples in the insurance pond. His declaration that Antifa would be labeled a terrorist organization raised questions regarding whether coverage would be excluded,...
Businesses Hurt First by Coronavirus Then by Looting Have New Insurance Questions
Jun 5 2020 // Al’s, a sporting-goods store tucked in Wilmington, Delaware’s small shopping district, opened during the Great Depression, weathered World War II and has been able to keep workers on the job during the...
