Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Blue Tarps Get a Revolutionary Upgrade with Patented Product
Jun 30 2020 // Miami, FL, June 30, 2020 –Insurance Companies Can Save Millions in Licensing Program. WrapRoof™ secured 20 U.S. patent claims in a revolutionary upgrade to blue tarps, becoming the only patented shrink wrap system in...
Houston Pharmacist, Wife Sentenced in $21M Workers’ Comp Fraud Case
Jun 29 2020 // A Houston pharmacist has been sentenced to 10 years in prison in a $21 million workers’ compensation fraud case. George Philip Tompkins, 75, the self-proclaimed “Compound King” and former owner of Piney...
Brit Global Specialty USA Transfers Renewal Rights for Cargo Business to Falvey Cargo
Jun 29 2020 // Brit Global Specialty USA will transfer the renewal rights for its cargo business to Falvey Cargo Underwriting, effective July 2. As part of the deal, Will Frohne and Yasu Saegusa will move from Brit to Falvey Cargo as...
Liberty Mutual Re Taps Steiner from RenRe for U.S. Casualty Treaty Team
Jun 29 2020 // Liberty Mutual Re (LM Re), part of Liberty Mutual Insurance Group, has appointed Sara Steiner to the role of vice president and director of Assumed Reinsurance. Sara Steiner Steiner is based in LM Re’s office in...
Italy’s Generali Eyes Possible Acquisition of U.S. Asset Manager Brightsphere: Sources
Jun 29 2020 // Assicurazioni Generali SpA has approached Brightsphere Investment Group Inc about a possible acquisition of the U.S. asset management firm, people familiar with the matter said on Friday. A deal would expand the U.S....
Insurtech MGA Delos, Canopius to Offer Wildfire Protection Coverage in California
Jun 29 2020 // Delos Insurance Solutions, a property insurtech managing general agent (MGA), has created a new insurance product with Canopius US Insurance designed to improve the homeowners insurance options for those living in wildfire...
California Approves First-in-U.S. Electric Truck Sales Rule
Jun 26 2020 // California regulators approved new rules on June 25 that would force automakers to sell more electric work trucks and delivery vans, a first-of-its-kind rule aimed at helping the nation’s most populous state clean up...
Italy’s Generali Moves to Become Cattolica Major Shareholder, Strategic Partner
Jun 26 2020 // Italy’s largest insurer Assicurazioni Generali SpA said it will become a major shareholder in Cattolica Assicurazioni SC and a strategic partner with Cattolica in several areas of mutual opportunity. Generali said it...
Lenders With the Best Climate Data Will Be in a Position to Discriminate: Viewpoint
Jun 26 2020 // We now live in a world where climate gentrification exists: People and institutions are starting to assess and appraise properties based on their susceptibility to climate impacts. The idea was largely hypothetical as...
Bayer to Settle 100,000 Roundup Weedkiller Cancer Claims for $10.9 Billion
Jun 24 2020 // FRANKFURT/NEW YORK- Bayer AG, after more than a year of talks, agreed to pay as much as $10.9 billion to settle close to 100,000 U.S. lawsuits claiming that its widely-used weedkiller Roundup caused cancer, resolving...
Lyft Settles Disabled Discrimination Claims in California
Jun 24 2020 // Lyft Inc. has agreed to settle allegations that it violated federal law when some of its drivers refused to give rides to people using folding walkers or collapsible wheelchairs in the Los Angeles area, the U.S....
Michigan Requests Closure of Enbridge Pipeline; EPA Fines Company $6.7M
Jun 24 2020 // Michigan’s attorney general has asked a judge to shut down a pipeline in the Great Lakes after an energy company discovered that an anchor support had shifted deep below the surface. Enbridge Inc. insists the Line 5...
U.S. Economic Losses from Severe Weather During May Topped $4 Billion: Aon
Jun 24 2020 // Severe weather outbreaks across the United States, with a lot of hailstorm damage, resulted in another costly month for insurers as a significant proportion of the US$4 billion economic cost was covered by insurance,...
Judge Sides with Trump Over Hospitals on Price Disclosure Rule
Jun 24 2020 // A federal judge on Tuesday dismissed a challenge by hospital groups to a federal rule requiring them to disclose prices they quietly negotiate with insurers, in a victory for White House efforts to make healthcare pricing...
Millions of Abandoned Oil and Gas Wells Pose Environmental, Health Risks
Jun 23 2020 // In May 2012, Hanson and Michael Rowe noticed an overpowering smell, like rotten eggs, seeping from an abandoned gas well on their land in Kentucky. The fumes made the retired couple feel nauseous, dizzy, and short of...
North Carolina Electric Distributor Cited for Safety Hazards at Florida Worksite
Jun 23 2020 // The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited Florida Progress LLC, operating as Duke Energy Florida LLC, for exposing employees to excavation hazards at a Zephyrhills,...
Parametric Catastrophe Facility CCRIF Pays US$3.6M to Guatemala for Excess Rainfall
Jun 23 2020 // Parametric catastrophe facility CCRIF paid the government of Guatemala approximately US$3.6 million under its excess rainfall (XSR) parametric insurance policy for nine days of rain that occurred during Tropical Storms...
U.S. Court Nixes Cancer Warning on Bayer’s Roundup Weed Killer
Jun 23 2020 // A U.S. federal appeals court on Monday blocked California from requiring that Bayer AG label its glyphosate-based weed killer Roundup with a cancer warning, handing the company a victory in its ongoing litigation over the...
Supreme Court Upholds But Curbs SEC’s Power to Force Ill-Gotten Gains in Fraud Cases
Jun 22 2020 // The U.S. Supreme Court on Monday placed limits on the Securities and Exchange Commission’s practice of forcing defendants to surrender profits obtained through fraud as part of its enforcement of investor-protection...
There’s Plenty of Room for Improvement in U.S. Commercial Lines: Fitch
Jun 22 2020 // With an industry overall combined ratio for 2019 hovering just below 100, and individual lines like long-tail liability moving 10 points over breakeven, the U.S. commercial lines market has “plenty of room for...
