Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Wimbledon Shows How Pandemic Insurance Could Become Vital Coverage for Sports, Other Events
Apr 20 2020 // The Wimbledon tennis tournament had the foresight to buy around £1.5 million (US$1.9 million) per year in pandemic insurance following the SARS outbreak in 2003, said GlobalData in a recent bulletin. Paying out roughly...
Who Got Money in Small Business Paycheck Protection Program?
Apr 17 2020 // WASHINGTON/SAN FRANCISCO, April 17 (Reuters) – Over two frantic weeks, the U.S. government pledged $350 billion to Main Street businesses across America desperate for cash after coronavirus lockdowns. Now a picture...
Hacking Attacks Against Corporations Double as Employees Work From Home
Apr 17 2020 // Hacking activity against corporations in the United States and other countries more than doubled by some measures last month as digital thieves took advantage of security weakened by pandemic work-from-home policies,...
Rising Sea Levels Could Double Extreme Flooding Events on Coastline, Report States
Apr 16 2020 // “Sea-level rise will radically redefine the coastline of the 21st century.” That’s from a new study that shows rising sea levels could lead to extreme flooding events in some U.S. coastal areas doubling...
Fears of ‘Wild West’ as Unregulated COVID-19 Tests Hit the Market
Apr 16 2020 // Blood tests for the coronavirus could play a key role in deciding whether millions of Americans can safely return to work and school. But public health officials warn that the current “Wild West” of unregulated...
Judge Clears Way for Shareholder Suit Against Tesla, Musk Over Going-Private Tweet
Apr 16 2020 // A federal judge said Tesla Inc. and Chief Executive Elon Musk must face a lawsuit claiming they misled shareholders when Musk tweeted that he had secured funding to take his electric car company private in a $72 billion...
New York Taps McKinsey to Develop ‘Trump-Proof’ Economic Reopening Plan
Apr 16 2020 // New York Governor Andrew Cuomo has hired high-powered consultants to develop a science-based plan for the safe economic reopening of the region that can thwart expected pressure from President Donald Trump to move more...
Beazley Appoints Greenwood as Head of Cyber & Executive Risk, Succeeding Donovan
Apr 16 2020 // Specialist insurer Beazley has appointed Bethany Greenwood as global head of cyber & executive risk (CyEx) from July 2020. She will join Beazley’s executive committee at the same time. Greenwood joined Beazley...
Hiscox Says Its Business Interruption Exposure Is Limited in Europe, U.S.
Apr 16 2020 // Hiscox’s core policy wordings do not provide cover for business interruption as a result of the general lockdown measures taken by the UK government in response to the coronavirus pandemic, said the company in a...
QBE Insurance Plans US$825M Capital Raise on COVID-19 Economic Uncertainties
Apr 15 2020 // QBE Insurance is planning to raise about US$825 million in capital as a result of the economic and investment market uncertainty created by the coronavirus crisis. The company will raise approximately $750 million of...
Businesses Warn Fear of Lawsuits Could Stall Rebooting of Economy; Urge Coordination
Apr 15 2020 // Litigation surrounding coronavirus responses is already underway and businesses are warning that the fear of more lawsuits could hinder the reboot of the U.S. economy. Returning America to work will require coordination...
Meat Plant Closures, Absenteeism Rise With Workers’ Fear of Coronavirus, Lack of Safety
Apr 15 2020 // CHICAGO/WINNIPEG, Manitoba — At a Wayne Farms chicken processing plant in Alabama, workers recently had to pay the company 10 cents a day to buy masks to protect themselves from the new coronavirus, according to a meat...
Deadly Storm Buffets New York and East Coast After Lashing South
Apr 14 2020 // A powerful storm that unleashed deadly tornadoes across the South was expected to shake trees and snap power lines in New York and other cities along the U.S. East Coast. Rainy gusts of up to 60 miles per hour were...
Courts Allows Shareholder Class Action Against Goldman Sachs Tied to 2008 Crisis
Apr 13 2020 // Goldman Sachs Group Inc. must face a shareholder class action accusing the bank of hiding conflicts of interest, including behind-the-scenes dealings with a prominent hedge fund manager, when creating risky subprime...
Railroads Resist Oil Companies’ Demands for Storage in Rail Cars Citing Safety Concerns
Apr 13 2020 // Railroads are clamping down on rising demand from oil companies to store crude in rail cars due to safety concerns, sources said, even as the number of places available to stockpile oil is rapidly dwindling. Oil demand is...
Auto Insurers Offering $8-$10B in Discounts in Coronavirus Relief Effort; Updated List
Apr 13 2020 // The group of property/casualty insurers offering auto insurance premium discounts to recognize that insureds are driving less during the coronavirus crisis continues to grow, and now includes all major auto insurers. State...
Lessons on Trade-Offs From the 1918 Influenza Pandemic: Viewpoint
Apr 9 2020 // LONDON — Lockdowns have brought most of the world’s advanced economies to a near standstill as policymakers fight the coronavirus pandemic by banning all but essential movement outside the home. Tens of...
MGU Victor Taps Bonfà from US Underwriting Solutions as Country Leader of Victor Italia
Apr 9 2020 // Victor Insurance Holdings, the world’s largest managing general underwriter (MGU), announced the appointment of Matteo Bonfà as country manager, Victor Italia S.r.l., effective immediately. Bonfà is based in Milan...
PartnerRe’s Parent EXOR Vows to Go Ahead with Deals Despite Pandemic
Apr 9 2020 // The boss of EXOR showed confidence on Wednesday in the success of three transformative deals set to reshape its multi-billion portfolio of corporate holdings, despite being caught at mid-air by the coronavirus crisis. In a...
‘Uncertainty Is the Only Certainty’ When it Comes to Pandemic Modeling
Apr 8 2020 // A statistical model cited by the White House generated a slightly less grim figure Monday for a first wave of deaths from the coronavirus pandemic in the U.S. – a projection designed to help officials plan for the...
