Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Chance of La Niña Through Winter Now at 85%, Says U.S. Weather Service
Oct 8 2020 // A U.S. government weather forecaster on Thursday said there is an 85% chance of La Niña conditions continuing through the upcoming Northern Hemisphere winter. The chance of the weather pattern continuing into the spring...
Analysts Say U.S. Restrictions Unlikely to Hurt Ant Group’s $35 Billion IPO
Oct 8 2020 // Ant Group’s $35 billion initial public offering (IPO) is unlikely to suffer from any U.S. restrictions on the Chinese financial technology giant due to its very limited overseas presence, potential investors and...
U.S. Offshore Energy Firms Prep for Massive Hurricane
Oct 7 2020 // Oil and gas workers withdrew en masse from U.S. offshore production facilities and onshore refineries began preparations on Wednesday as Hurricane Delta was forecast to grow into a powerful storm over the Caribbean on its...
Supreme Court Hears Google’s Appeal of Oracle’s $8 Billion Copyright Claim
Oct 7 2020 // The U.S. Supreme Court appeared divided on Wednesday as it considered whether to protect Alphabet Inc.’s Google from a long-running lawsuit by Oracle Corp. accusing it of infringing Oracle copyrights to build the...
How Coronavirus Is Changing Claims, Risks, Work, Habits, Supply Chains and More
Oct 7 2020 // The magnitude of the COVID-19 pandemic as an economic loss events is unprecedented for companies and insurers alike and claims trends and risk exposures are likely to evolve in both the mid- and long-term as a result of...
Category 3 Hurricane Delta Hits Mexico; Expected to Strengthen, Then Move to U.S.
Oct 7 2020 // Updated Oct 7., 2020, 6:58 AM— Hurricane Delta weakened to a Category 3 storm just before slamming into the coast of Mexico, but remains life-threatening. Delta came ashore along the northeastern Yucatan Peninsula near...
Hollywood’s Insurer Braces for Claims Due to COVID-Related Movie, TV Shutdowns
Oct 6 2020 // Allianz SE, Europe’s largest insurer, is bracing for a flood of claims after movie and television studios were forced to curtail production during lockdown. A unit of Allianz, which says it’s the largest...
Tropical Storm Delta Expected to Threaten Gulf Coast as Major Hurricane This Week
Oct 6 2020 // 10/06/2020 09:09 AM— Hurricane Delta, the 25th named Atlantic storm this year, is moving toward the Gulf of Mexico and expected to take aim at the U.S. Gulf Coast this week as a major hurricane, the National Hurricane...
Judge Orders Cisco to Pay $1.9 Billion in Cybersecurity Patent Lawsuit
Oct 6 2020 // A U.S. judge on Monday ordered Cisco Systems Inc. to pay $1.9 billion to a Virginia company that accused it of copying its cybersecurity patents. U.S. District Judge Henry Morgan in Norfolk, Virginia, concluded after a...
Energy Firm Evacuations Underway as Another Major Storm, Delta, Threatens Gulf Coast
Oct 5 2020 // Energy companies on Monday began evacuating offshore oil platforms as the 25th named storm of the year formed in the Caribbean and was forecast to become a major hurricane before it entered the Gulf of Mexico and threatens...
Ridesharing Companies Spend Big in California to Oppose Even Costlier Gig Law
Oct 5 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...
Insurers Gain Early Wins in COVID-19 Business Interruption Lawsuits
Oct 5 2020 // Insurers have succeeded in dismissing COVID-19 business-interruption lawsuits in 17 out of 23 cases heard so far, with a growing number of judges finding that some tangible alteration of a property is required to trigger...
Supreme Court Agrees to Hear Jurisdiction Question in Climate Damages Lawsuit
Oct 5 2020 // The U.S. Supreme Court on Friday agreed to hear an appeal by energy companies including BP PLC, Chevron Corp., Exxon Mobil Corp. and Royal Dutch Shell PLC contesting a lawsuit by the city of Baltimore seeking damages for...
Appeals Court Reinstates Glaxo $235.5 Million Verdict Against Teva
Oct 5 2020 // A federal appeals court on Friday reinstated a 2017 jury verdict ordering Teva Pharmaceutical Industries Ltd. to pay GlaxoSmithKline Plc $235.5 million for selling a generic version of Glaxo’s heart drug Coreg. In a...
Hotel Sector Sees Tough Times, High Rates in Insurance Market
Oct 5 2020 // The hotel industry was one of the first industries affected when COVID-19 forced the travel industry into standstill, and many predict it will also be one of the last industries to recover. Even as travel has ticked up...
COVID-19: No One Avoids the Impact
Oct 5 2020 // Workers’ Compensation Premiums Down 8% in First Half of 2020 Prior to discussing the results of our review of aggregate workers’ compensation insurance written in the U.S. during the first half of 2020 versus...
Value of Employee Benefits
Oct 5 2020 // The pandemic has brought to light the importance of having the right protections in place, especially those that protect life and health. According to The Hartford’s Future of Benefits Study, some 40% of U.S. workers...
Plaintiffs Win One, Lose One in COVID-19 BI Legal Fight
Oct 5 2020 // A federal judge in Florida late last month denied an insurer’s petition to dismiss a COVID-19 business-interruption lawsuit, while a federal magistrate judge in California threw out a similar claim. Both lawsuits...
P/C Mutual Insurers Improved Underwriting in 2019: AM Best
Oct 5 2020 // Top 10 Hold 72% of Market: AM Best Despite a highly competitive property/casualty insurance industry and pressures on operating performance, U.S. mutual insurance companies reported continued improvement in underwriting...
New Jersey Man Sentenced to One Year in Prison for Role in Insurance Fraud Scheme
Oct 2 2020 // A New Jersey man has been sentenced to 12 months and one day in prison for his role in an automobile accident scheme supporting fraudulent insurance claims. Luis G. Aguirre, of Hudson County, N.J., was sentenced for his...
