Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Bayer’s Monsanto Faces 8,000 U.S. Lawsuits on Glyphosate-Based Weedkillers
Aug 24 2018 // The number of U.S. lawsuits brought against Bayer’s newly acquired Monsanto has jumped to about 8,000, as the German drugmaker braces for years of legal wrangling over alleged cancer risks of glyphosate-based...
Home Depot to Pay $100K to Settle Illinois Disability Discrimination Lawsuit
Aug 23 2018 // Home Depot, the large national home improvement retailer, has agreed to pay a former employee $100,000 and provide other relief to settle a disability discrimination lawsuit, according to the U.S. Equal Employment...
Investors Betting on Workplace Medical Clinics to Help Employers Contain Costs
Aug 23 2018 // A group of investors is putting up $165 million to fuel an expansion of Paladina Health, bringing a recent surge of private funds flowing into companies that run primary-care clinics to more than a half-billion...
Brand Name Drug Maker Not Liable for Injuries from Generic Version: Court
Aug 23 2018 // A U.S. appeals court on Wednesday tossed a $3 million verdict against GlaxoSmithKline over the suicide of an attorney who took a generic version of the company’s antidepressant Paxil, finding the company could not be...
The Hartford to Acquire Specialty Insurer Navigators in $2.1 Billion Deal
Aug 22 2018 // The Hartford Financial Services Group has agreed to acquire specialty insurer The Navigators Group in a transaction that values Navigators at approximately $2.1 billion. Under the terms of the agreement, Navigators...
Run-Off Venture Targets Florida Auto Insurer Peachtree Casualty for First Acquisition
Aug 22 2018 // International insurance and reinsurance company DARAG and U.S.-based acquisition specialist SOBC have formed a joint venture with SOBC DARAG in Delaware to support DARAG’s expansion into the U.S. and...
AIR Worldwide Estimates Insured Losses from Japan Floods Could Reach US$4B
Aug 21 2018 // Industry insured losses from the flooding in western Japan caused by excessive rainfall from June 28 to July 8, 2018, will be between JPY284 billion (US$2.6 billion) and JPY423 billion (US$4.0 billion), according to...
VW’s CEO Knew About Cheating Software Before Scandal Emerged: Der Spiegel
Aug 21 2018 // Volkswagen Chief Executive Herbert Diess was told about the existence of cheating software in cars two months before regulators blew the whistle on a multi-billion exhaust emissions scandal, German magazine Der Spiegel...
Monsanto Has Another Legally Risky Chemical Product
Aug 21 2018 // Some Bayer AG investors were surprised to learn about the thousands of farmers lining up before U.S. courts to argue that Roundup — the blockbuster weedkiller the German company recently acquired when it bought...
Trump Asks SEC to Study 6-Month Instead of Quarterly Corporate Filings
Aug 20 2018 // President Donald Trump said on Friday he had asked the U.S. Securities and Exchange Commission to study the impact of allowing companies to file reports with the financial regulator every six months instead of every...
Swiss Re’s DePiero Joins Sompo Pro’s U.S. Cyber Practice
Aug 20 2018 // Richard DePiero has joined Sompo Pro, the U.S. professional liability insurer unit of Sompo International, as senior vice president, U.S. Cyber Product leader. DePiero will be responsible for Sompo Pro’s U.S. cyber...
China Imports with Iranian Oil Tankers and Insurance, Amid Sanctions: Sources
Aug 20 2018 // Chinese buyers of Iranian oil are starting to shift their cargoes to vessels owned by National Iranian Tanker Co. (NITC) for nearly all of their imports to keep supply flowing amid the re-imposition of economic sanctions...
Guy Carpenter Licenses the CoreLogic U.S. Inland Flood Model
Aug 20 2018 // This post is part of a series sponsored by CoreLogic. 2017 was a game-changing year for the insurance industry. Between the catastrophic deluge of water dumped in Texas from Hurricane Harvey and the unprecedented...
Jury Orders Pork Producer to Pay $473.5M in North Carolina Nuisance Lawsuit
Aug 20 2018 // A federal jury decided Aug. 5 that the world’s largest pork producer should pay $473.5 million to neighbors of three North Carolina industrial-scale hog farms for unreasonable nuisances they suffered from odors,...
Workers’ Comp Results Likely to Weaken Next Year: Fitch
Aug 20 2018 // After three banner years, the U.S. workers’ compensation market will face increasing pricing pressure and an erosion in results heading into next year. That means 2019 will be closer to a break-even combined ratio...
AIR Worldwide Updates Wildfire Model with Event-Based Risk Management Approach
Aug 17 2018 // Catastrophe risk modeling firm AIR Worldwide (AIR) has released an updated Wildfire Model for the United States designed to provide a comprehensive view of the risk of wildfire to property within the 13 westernmost...
President Trump Urges U.S. Suit Against Opioid Manufacturers
Aug 17 2018 // President Donald Trump said Thursday he wants the U.S. government to sue pharmaceutical companies that manufacture opioids as part of his efforts to halt an epidemic of drug addiction. Trump said he’d like to bring a...
Aon Names Wanat U.S. Commercial Lines Broking Chief
Aug 17 2018 // Global broker has appointed Brian Wanat as chief broking officer of U.S. Commercial Risk Solutions. In his new role, Wanat will have direct management responsibility for Financial Services Group, National Property,...
Insurer Downgrades Jumped in 2018 But Were Still Outnumbered by Upgrades: A.M. Best
Aug 17 2018 // Catastrophic weather events in 2017 helped spur an increase in rating downgrades for the U.S. property/casualty (P/C) industry during the first half of 2018, according to an A.M. Best report. But the report also notes that...
Why Not Just Retrain Pedestrians to Make Self-Driving Vehicles Safer?
Aug 17 2018 // You’re crossing the street wrong. That is essentially the argument some self-driving car boosters have fallen back on in the months after the first pedestrian death attributed to an autonomous vehicle and amid...
