Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Marsh Adds Aon’s Albers to Lead Its Life Sciences Practice
Oct 22 2020 // Insurance broker Marsh announced that Eddie Albers has joined the firm to lead its U.S. Life Sciences practice. As the leader of Marsh’s U.S. Life Science Practice, Albers will play a key role in assisting life...
Monitor: PG&E in California Prioritized Targets Over Reducing Wildfire Risk
Oct 22 2020 // PG&E Corp. prioritized meeting inspection targets over meaningful reduction of wildfire risk, according to a monitor overseeing the utility’s program of trimming trees and vegetation that pose a threat of...
AM Best’s Estimates for U.S. Insurers’ Asbestos & Environmental Losses Unchanged
Oct 22 2020 // AM Best said its estimates of $100 billion in asbestos losses and $46 billion in environmental losses for the U.S. property/casualty industry remain unchanged as of year-end 2019. In a report, AM Best notes that A&E...
Talanx Acquires Italian Non-Life Insurer Amissima
Oct 22 2020 // The Talanx Group, the Hanover, Germany-based insurance group, announced it is expanding its business in Italy by making a bolt-on acquisition, via its Italian subsidiary. HDI Assicurazioni, a subsidiary of HDI...
North Carolina Agency Owner Sentenced to 5.5 Years for $400K Loan Scheme
Oct 22 2020 // A North Carolina insurance agent has been sentenced to 5.5 years in prison in federal court after being found guilty of orchestrating a $400,000 fraudulent loan scheme involving insurance premiums, according to the U.S....
Purdue Pharma to Plead Guilty Over Opioid Practices; Critics Balk at Terms
Oct 21 2020 // Purdue Pharma LP agreed to plead guilty to criminal charges over the handling of its addictive prescription opioid OxyContin, in a deal with U.S. prosecutors that effectively sidestepped paying billions of dollars in...
Munich Re Reports €800M of COVID-19-Related Losses During Q3
Oct 21 2020 // Munich Re reports approximately €800 million (US$935 million) in COVID-19-related losses in reinsurance during the third quarter. The losses were attributable to various business lines, such as insurance for major events...
Election Security: Retailers Board Up Stores Amid Fears Over More Civil Unrest
Oct 21 2020 // This time last year, shoppers on Chicago’s Magnificent Mile were waiting for Louis Vuitton to debut its whimsical holiday window decorations. Now those same windows are hidden behind a wall of wood panels painted...
Getting Digital Currency Right More Important Than U.S. Being First, Says Fed’s Powell
Oct 21 2020 // In any development of a cross-border digital currency, it is more important for the United States “to get it right than be first,” U.S. Federal Reserve Chair Jerome Powell said on Monday. “We do think...
Target to Enhance Safety at 200 Northeast U.S. Stores in Department of Labor Settlement
Oct 21 2020 // The U.S. Department of Labor has executed a region wide corporate settlement agreement with Target Corp. to correct exit access and storage hazards and enhance worker safety at about 200 of the retailer’s stores in...
After Helping Shepherd Pandemic Loans, Banks Now Brace for Regulatory Risks
Oct 21 2020 // Banks that facilitated the U.S. government’s Paycheck Protection Program at first saw the effort as a small revenue booster with a patriotic bonus, shepherding $525 billion in loans to businesses slammed by the...
Battery Fires Make Headlines as Electric Vehicle Sales Take Off
Oct 20 2020 // First, Hyundai Motor Co. made headlines about its electric cars catching fire. Five days later, it was General Motors Co. and Ford Motor Co. The next day, it was BMW AG. Vehicles going up in flames aren’t new to the...
Tropical Storm Epsilon Grows in Strength as It Heads Toward Bermuda
Oct 20 2020 // Tropical Storm Epsilon has formed in the central Atlantic and will move northwest, probably growing into a hurricane as it nears Bermuda late this week. Epsilon’s winds have reached 40 miles (64 kilometers) per hour...
Japan to Take Countermeasures to Prevent Cyber Attacks from Derailing Tokyo Games
Oct 20 2020 // Japan said on Tuesday it would take countermeasures to ensure next year’s Tokyo Olympics are not derailed by cyber attacks after Britain and the United States accused Russia of orchestrating efforts to disrupt the...
Midwest Farmers Receive Record Federal Aid, Crop Insurance Payments Under Trump
Oct 20 2020 // U.S. President Donald Trump is assuring a bumper year for farmers as the Nov. 3 election approaches, with record government subsidies projected to make up more than a third of farm income in 2020. The aid programs could be...
CDC Issues ‘Strong Recommendation’ for Mask-Wearing by All in Travel Settings
Oct 20 2020 // The U.S. Centers for Disease Control and Prevention on Monday issued a “strong recommendation” that all passengers and employees on airplanes, trains, subways, buses, taxis and ride-share vehicles should wear...
Trump EPA Saves Coal Plants Millions with Delay on Coal Ash Pond Closures
Oct 20 2020 // The Trump administration will let some leaking or otherwise dangerous coal ash storage ponds stay in operation for years more and some unlined ponds stay open indefinitely under a rule change announced last Friday. The...
U.S. Treasury Warns Cyber Liability Insurers Against Paying Ransomware Demands
Oct 19 2020 // The U.S. Treasury Department is warning that individuals or businesses that help facilitate ransomware payments may be violating anti-money laundering and sanctions regulations. The warnings came in a pair of advisories,...
Ridesharing Companies Spend Big in California to Oppose Even Costlier Gig Law
Oct 19 2020 // Uber Technologies Inc. and Lyft Inc. together are spending nearly $100 million on a November California ballot initiative to overturn a state law that would compel them to classify drivers as employees. That sum looks less...
Commissioner: Oklahoma Completes First Insurance Business Transfer in U.S.
Oct 16 2020 // The District Court of Oklahoma County has approved Providence Washington Insurance Company (PWIC) to complete its Insurance Business Transfer (IBT) Plan, making it the first such transfer in the United States, according to...
