Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Report Urges Urgent Action from Financial Regulators to Address Climate Change
Sep 10 2020 // Yet another report in a long line of reports is out urging urgent action from financial regulators, including insurance regulators, the Federal Reserve and the Securities Exchange Commission. The report was commissioned by...
Ohio State University Sued for Age Discrimination
Sep 10 2020 // Federal officials have sued Ohio State University (OSU) for alleged age discrimination after the university fired a human resources generalist in the College of Education and Human Ecology (CEHE) because of his age. In its...
Explained: How California’s Wildfires Could Spark a Financial Crisis
Sep 10 2020 // Wildfires across the U.S. West are among the sparks from climate change that could ignite a U.S. financial crisis by damaging home values, state tourism and local government budgets, an advisory panel to a U.S. markets...
China Counters U.S. ‘Clean Network’ With Own Global Data Security Initiative
Sep 10 2020 // China has launched an initiative to address global data security issues, a countermove to the U.S. “clean network” program that is aimed at discouraging other countries from using Chinese technology. Foreign...
More Questions Raised Following EU Ruling on U.S. Data Transfer Privacy Shield
Sep 10 2020 // The key mechanism used by Facebook to transfer data from the European Union to the United States “cannot in practice be used” for such transfers, according to Ireland’s Data Protection Commission,...
Michigan Healthcare System to Pay $104.7K to Settle Wage Discrimination Lawsuit
Sep 9 2020 // A non-profit health care system based in Saginaw, Mich., will pay $104,707 and provide other relief to settle a federal gender wage discrimination lawsuit. The U.S. Equal Employment Opportunity Commission (EEOC) alleged in...
Buffett’s Duracell Countersues Energizer, Alleging False Ads Over Battery Life Claims
Sep 9 2020 // Duracell, the battery unit of Warren Buffett’s Berkshire Hathaway Inc., sued the maker of Energizer batteries on Tuesday, accusing it falsely advertising that its Energizer MAX batteries last up to 50% longer than...
Social Inflation, Low Interest Rates, Rising Catastrophes: Recipe for a Hard Market
Sep 9 2020 // Even before the coronavirus crisis hit, the re/insurance industry was in a period of significant rate hardening, which will likely continue over the next two years, or even longer, according to Munich Re. Such price...
Trump Labor Rule That Narrows ‘Joint Employer’ Standard Struck Down by Judge
Sep 9 2020 // A federal judge on Tuesday struck down a Trump administration rule that narrowed the definition of “joint employer,” and which the attorneys general of 17 states and Washington, D.C. said would eliminate...
Reuters Report: How COVID-19 Swept Brazilian Slaughterhouses of Top Meatpacker
Sep 9 2020 // JBS SA, the world’s largest meatpacker, has vowed to keep the world fed during the coronavirus pandemic. Executives say the company has added more than 15,000 new workers in Brazil this year to crank out cuts of...
Simply Business, AXIS Launch Coverage for Home-Based Small Businesses
Sep 9 2020 // Simply Business, Inc., a digital insurance agency offering small business insurance policies on behalf of a panel of carriers, will work with AXIS Insurance on a new product intended for U.S. small business owners who...
U.S. Commercial Insurance Prices Rose Almost 10% in Q2: WTW
Sep 8 2020 // U.S. commercial property/casualty insurance prices rose during the second quarter of 2020 by almost 10% compared with prices charged during the same quarter of 2019. Excess/umbrella and directors’ and officers’...
U.S. Safety Agency Investigating Boeing 787 Dreamliners for Flaws
Sep 8 2020 // The U.S. Federal Aviation Administration said Sunday it is investigating manufacturing flaws involving some Boeing 787 Dreamliners but said it was too early to say if it will require new inspections. Boeing said in August...
9 Coronavirus Vaccine Developers Pledge to Uphold Scientific Safety Standards
Sep 7 2020 // Nine leading U.S. and European vaccine developers pledged on Tuesday to uphold the scientific standards that their experimental immunisations will be held against, amid a hurried global race to contain the pandemic. The...
The Rising Risk of Inland Flooding
Sep 7 2020 // Not Only in FEMA Zones, Not Only During Hurricane Season Major companies across the U.S. are increasingly recognizing the risk for inland flooding and with good reason. As recent hurricanes like Harvey and Florence made...
3 Questions for Lloyd’s U.S. Chief Hank Watkins
Sep 7 2020 // Lloyd’s of London announced it plans to stop accepting admitted market accounts in the United States in a year and focus on the U.S. reinsurance and excess and surplus (E&S) insurance market, where it is the...
Solving Risk Puzzles in a Complex World
Sep 7 2020 // Insurance professionals in the surplus lines sector are busy. Busy adapting to a changing business world during COVID-19. Busy adapting to a changing property/casualty market where standard lines insurers are steadfastly...
People & Places
Sep 7 2020 // National Amy Stepnowski The Hartford has appointed Amy Stepnowski to the positions of chief investment officer of The Hartford and president of Hartford Investment Management Co. (HIMCO), effective Aug. 1. She succeeds...
Declarations
Sep 7 2020 // ‘Canary in the Coal Mine’ “In many ways, Louisiana is the poster child for climate change, we are the canary in the coal mine.” — Gov. John Bel Edwards, speaking at a Coastal Protection and...
Defendants in Separate COVID-19 Business Interruption Suits Score Wins in Texas Courts
Sep 7 2020 // Rulings in two lawsuits originating in Texas over business income losses related to the COVID-19 pandemic were handed down in August in favor of insurance firms. In one, an insurance agency was added to a restaurant...
