Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
U.S. Regulators Inspected Amazon Cloud Unit When Capital One Breach Was Underway
Aug 2 2019 // Federal banking regulators had inspected Amazon.com Inc.’s Virginia facility earlier in April, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The visit by Federal Reserve...
State, Local Governments Debate How to Best Allocate Any Opioid Settlement Funds
Aug 2 2019 // The roughly 2,000 state and local governments suing the drug industry over the deadly opioid crisis have yet to see any verdicts or reach any big national settlements but are already tussling with each other over how to...
Sun Valley Climate Conference’s Broad Agenda: Wildfires, Military, Insurance, Resilience
Aug 1 2019 // Washington had a record 1,850 responses to wildfires on Department of Natural Resources lands last year. Over the last five years, wildfires have continued to hit the state hard. One state official, who believes climate...
Chubb Promotes Ortega to President, Overseas, as Andrade Moves to Top Everest Role
Aug 1 2019 // Chubb Ltd. has appointed Juan Luis Ortega as executive vice president, Chubb Group, and president, Overseas General Insurance. He succeeds Juan Andrade, who is leaving Chubb to take the role of president and chief...
Court Upholds Facebook Immunity in Case Brought by Terrorist Attack Victims
Aug 1 2019 // Facebook Inc. on Wednesday defeated an appeal by American victims of Hamas attacks in Israel, who sought to hold the company liable for providing the group a social media platform to further its terroristic goals. The 2nd...
Bayer Cites Safety Concerns in Pulling Monsanto NemaStrike Crop Product
Aug 1 2019 // Bayer AG has scrapped plans for wide sales next year of a chemical that is intended to protect U.S. crops from yield-robbing worms, citing ongoing safety concerns. The decision is the latest setback for Germany-based Bayer...
Senators Question Federal Oversight of Boeing, Certification Deferrals to Manufacturers
Aug 1 2019 // A group of U.S. senators on Wednesday questioned the Federal Aviation Administration oversight of Boeing Co.’s 737 MAX as the agency defended the longstanding practice of deferring much of the process of certifying...
AXA’s H1 Net Income Drops 19% on Hit From Spinoff of Equitable in U.S.
Aug 1 2019 // AXA SA’s shift away from life insurance yielded growing volumes and improved profitability as a restructuring move hit the bottom line. The French financial giant’s first-half net income fell 19% to 2.33...
Capital One Breach Clouds Technology Strategy; Puts $400M Cyber Insurance in Play
Aug 1 2019 // Capital One Financial Corp., in recent years, has beat the drum every chance it got: The cloud is cheaper. The cloud is faster. And the cloud is far more secure. Then a hacker got into the cloud, siphoning off sensitive...
University Lawsuit Accuses Big Retailers of Infringing ‘Reinvented’ Light Bulb Patent
Jul 31 2019 // Five major retailers, including Amazon.com Inc and Walmart Inc, were sued on Tuesday by the University of California over what it called the “existential threat” when foreign manufacturers infringe...
Congress Looks to Jump Start Stalled Driverless Vehicle Bill
Jul 31 2019 // Two key committees in the U.S. Congress on Tuesday said they will revive efforts to pass long-stalled legislation to speed the adoption of self-driving cars. The House Energy and Commerce Committee and Senate Commerce...
A Year after GDPR, How Can U.S. Insurers Prepare for Data Privacy Regs Closer to Home?
Jul 30 2019 // More than a year after the European Union implemented its General Data Protection Regulation (GDPR), U.S. insurers are examining what they can learn as they prepare for the implementation of similar data privacy laws in...
With $100M in New Financing, Digital Agency Hippo Plans Further U.S. Expansion
Jul 30 2019 // Online insurance agency Hippo Insurance said it has secured a $100 million financing round that will help propel a broader U.S. expansion of its super-quick online homeowners insurance. Global technology investment firm...
U.S. Urges Ships to Keep Tracking Devices Turned on for Safety, Transparency
Jul 30 2019 // The United States wants all ships to keep their tracking transponders on to cut down on illicit activity and smuggling, and to increase transparency with movements of ships around the world, a senior State Department...
Capital One Reports Data Breach of 100 Million Accounts; Suspect Arrested
Jul 29 2019 // Capital One Financial Corp. said on Monday personal information including names, addresses, phone numbers and credit scores of about 100 million individuals in the United States and 6 million people in Canada were obtained...
AXA XL, Vindati to Offer Ocean Cargo Insurance Via Online Platform
Jul 29 2019 // AXA XL’s U.S. marine insurance business and Vindati, an insurtech managing general underwriter (MGU) offering specialty products and an integrated shopping experience for brokers and agents, have partnered to offer...
Costs, Underinsurance Bigger Challenge Than Uninsured in U.S. Health System
Jul 29 2019 // America’s much-maligned health care system is covering 9 out of 10 people, a fact that hasn’t stopped the 2020 presidential candidates from refighting battles about how to provide coverage, from Bernie...
Markel Puts CATCo into Run-Off and Launches New Retrocessional ILS Platform
Jul 26 2019 // Markel Corp. announced it is putting its Bermuda insurance linked securities unit, Markel CATCo, into run-off at the same time it announced it is launching a new retrocessional ILS fund platform, which will be ready to...
Data-Deprived Auto Insurers Cautious About Discounts for Advanced Safety Features
Jul 26 2019 // Automakers are accelerating the rollout of technology designed to avoid crashes, but insurance companies are waving a caution flag at consumers eyeing discounts for buying collision-avoiding brakes or automated cruise...
Wildlife Protection Rezoning Could Mean Flood Insurance Aid for 900 Coastal Mansions
Jul 26 2019 // On an exclusive Connecticut peninsula, where signs warn outsiders to stay off private roads, eight multimillion-dollar homes with sprawling yards along the Long Island Sound are poised to become eligible for...
