Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
World Encouraged by Moderna, Pfizer Vaccines’ Success in Trials
Nov 16 2020 // Moderna Inc.’s experimental vaccine is 94.5% effective in preventing COVID-19 based on interim data from a late-stage trial, the company said on Monday, becoming the second U.S. drugmaker to report results that far...
U.S. Expected to Grant Safety Clearance for Boeing’s 737 MAX This Week
Nov 16 2020 // After a standoff with global regulators, management turmoil and a massive safety review, Boeing Co. is set to win U.S. approval on Wednesday to resume flights of its grounded 737 MAX. But the largest U.S. airplane maker...
Specialty Re/insurer Chaucer Launches Bermuda Reinsurance Branch for U.S. Business
Nov 16 2020 // Chaucer, the London-based specialty re/insurance group, announced the launch of a reinsurance branch in Bermuda to provide U.S. clients with greater access to its underwriting expertise and capacity. This follows the...
McDonald’s Plans Safety Checks of All Restaurants as COVID Cases Surge
Nov 16 2020 // McDonald’s Corp. will inspect all its U.S. restaurants to ensure compliance with safety standards as coronavirus cases surge again and “COVID fatigue” sets in, according to an internal note seen by...
People & Places
Nov 16 2020 // National Dean Klisura Brokers Guy Carpenter and Marsh, two business units of Marsh & McLennan, announced the appointment of Dean Klisura as president of Guy Carpenter, effective October 1, 2020. In this newly-created...
13 New U.S. Property/Casualty Insurer Impairments in 2019
Nov 16 2020 // The U.S. property/casualty industry saw 13 new insurance company impairments in 2019, two more than in 2018, involving entities operating in a mix of lines of business and a variety of states, according to a new AM Best...
Q3 Global Commercial Insurance Pricing Rockets 20% Higher: Marsh
Nov 16 2020 // Global commercial insurance pricing rocketed 20% higher on average in the 2020 third quarter, driven largely by rate hikes in three key lines, according to a new Marsh market update. Marsh said the jump was the largest...
Zeta’s Total Onshore U.S. Insured Losses Could Rise to $5B: RMS
Nov 16 2020 // Catastrophe risk modeler RMS has estimated that insured losses from Hurricane Zeta could rise to as high as $5 billion in the U.S. That figure is slightly higher than estimates announced earlier by catastrophe modelers AIR...
Judge Throws Out Trump Campaign’s Libel Claim Against CNN
Nov 13 2020 // A U.S. judge on Thursday dismissed a libel lawsuit filed by President Donald Trump’s re-election campaign against CNN over a 2019 opinion piece which it said suggested the campaign would be open to Russian...
For First Time, Federal Reserve Cites Climate as Financial Stability Risk
Nov 13 2020 // The U.S. Federal Reserve for the first time called out climate change among risks enumerated in its biannual financial stability report, and warned about the potential for abrupt changes in asset values in response to a...
Court Upholds Harvard’s Use of Race in Admissions; Opponents Eye Supreme Court
Nov 13 2020 // A U.S. appeals court on Thursday upheld Harvard University’s use of race in undergraduate admissions, rejecting a challenge by affirmative action opponents who said the Ivy League school’s policy discriminates...
Louisiana Court Schedules Trial on First Coronavirus Business Interruption Lawsuit
Nov 12 2020 // A trial will begin Monday in what is thought to be the first lawsuit to be filed against an insurer for denying coverage for business-interruption losses caused by COVID-19 shutdown orders. Judge Paulette R. Irons ruled...
Aon Invests $30 Million to Create 10,000 Apprenticeships Nationwide by 2030
Nov 12 2020 // Global insurance broker Aon said it is expanding its corporate apprenticeship program with an investment of $30 million over the next five years. With this expansion, Aon hopes to develop a nationwide network of employers...
Meat Company Suing New Mexico to Remain Open After Virus Cases
Nov 12 2020 // A U.S. meat company that supplies Walmart and Costco is suing New Mexico to fight a state order that seeks to close a production facility where more than 100 workers have tested positive for COVID-19. The lawsuit from...
U.S. Sanctions to Target Insurers In Fight Against Russia-to-Germany Nord Stream 2
Nov 12 2020 // The U.S. is drawing up additional sanctions on the Nord Stream 2 natural gas pipeline project, the latest obstacle in the path of the 9.5 billion-euro ($11.2 billion) Russia-to-Germany link that’s been halted almost...
How Lloyd’s Underwriters Are Viewing Today’s U.S. Property Insurance Environment
Nov 12 2020 // While the COVID-19 pandemic has slowed business activity around the globe, for underwriters in the Lloyd’s market who were in the process of increasing property insurance rates when the pandemic hit, the timing may...
Grand Jury Indicts New Orleans Attorney in Staged Accident Probe
Nov 10 2020 // A New Orleans personal injury attorney has been indicted in connection with a widespread probe in to a series of staged accidents in Louisiana between personal and commercial vehicles. United States Attorney Peter G....
Johnson Controls, Manpower to Pay $40K in Oklahoma Harassment/Retaliation Suit
Nov 10 2020 // Johnson Controls Inc. (JCI) and ManpowerGroup US Inc. (Manpower) have agreed to settle a federal lawsuit charging the companies with sexual harassment and retaliation against a worker at a JCI plant in Norman,...
Two Conservative Supreme Court Justices Appear to Side with Obamacare Supporters
Nov 10 2020 // U.S. Supreme Court justices on Tuesday signaled they are unlikely to strike down the Obamacare healthcare law in a legal challenge brought by Texas and 17 other Republican-governed states and joined by President Donald...
Task Force Nabs California Man for Insurance Fraud, Reporting False Vehicle Theft
Nov 10 2020 // Juan Camilo Vargas, 62, of Escondido, Calif., was arrested on multiple felony counts of insurance fraud and reporting a false vehicle theft after allegedly misrepresenting when and where his vehicle was stolen from in...
