Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Beazley Beefs Up U.S. Large Property Team with Berkshire’s Westhoff, Ironshore’s Irwin
Oct 29 2019 // Specialist insurer Beazley has appointed Matthew Westhoff as head of U.S. large commercial property based in New York. Westhoff will manage the US-based team, working alongside the property team in London. He brings 16...
Vehicles’ Pedestrian Warning Systems Need Improvement, Says IIHS
Oct 29 2019 // The performance of modern pedestrian detection systems varies widely between carmakers, with high-end luxury brands generally faring better and other models failing to recognize pedestrians altogether, according to a study...
Alabama Auto Parts Manufacturer Cited for Amputation Hazards After Worker Injury
Oct 29 2019 // The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited Strahle + Hess USA Inc. for exposing employees to amputation hazards at the company’s Auburn, Alabama, facility. The...
Officials Warn Vaping Illness Hasn’t Peaked, Cause of Illnesses Still Unknown
Oct 29 2019 // The number of cases reported in the epidemic of lung-related injuries from vaping appears to be leveling off or declining, the U.S. Centers for Disease Control and Prevention (CDC) said on Friday, but it is too early to...
Five Indicted in Louisiana for Staged Accident Insurance Fraud Scheme
Oct 28 2019 // Five defendants have been indicted in Louisiana for an alleged insurance fraud involving a staged vehicular accident scheme, the U.S. Attorney’s Office says. Damian K. Labeaud and Lucinda Thomas of New Orleans, and...
Boeing 737 Max’s Design, Pilot and Regulatory Errors Caused Lion Air Crash
Oct 28 2019 // Indonesian investigators found sweeping problems and missteps in connection with last year’s fatal Lion Air crash, including design flaws in Boeing Co.’s 737 Max jet, certification failures by the U.S....
Walmart, CVS and Rite Aid Yank Recalled J&J Baby Powder Off Shelves
Oct 28 2019 // Three major U.S. retailers, including Walmart, are removing all 22-ounce bottles of Johnson & Johnson’s baby powder from their stores, following the healthcare conglomerate’s recall last week of some...
AIG Expanding at Lloyd’s With New Unit for U.S. High-Net Worth Market
Oct 28 2019 // American International Group Inc. is ramping up its bet on the wealthiest Americans with a new push to offer policies through the Lloyd’s of London marketplace and write as much as $1 billion in gross premiums. AIG...
Start-Up Constellation Holdings Has $500M from Canadian Investors to Invest in Insurers
Oct 24 2019 // Constellation Insurance Holdings, founded by industry veteran Anurag Chandra, former CEO of Prosperity Life Insurance Group, has partnered with Canadian institutional investors, Caisse de dépôt et placement du Québec...
Reinsurers Maintain Upward Pricing Momentum-But Will It Last?
Oct 24 2019 // Positive pricing momentum—it’s the favorite phrase of many reinsurance executives, who are hoping that the momentum they’ve seen in 2019 will continue during the coming January renewals and beyond. The...
Kansas Farmer Pleads Guilty to Nearly $500K in Crop Insurance Fraud
Oct 23 2019 // Federal officials say a Kansas farmer has pleaded guilty to federal charges of crop insurance fraud and bankruptcy fraud. U.S. Attorney Stephen McAllister said Kevin W. Struss, 63, Wakeeney, Kan., pleaded guilty to one...
Texas Man Convicted of $1.7M Arson, Insurance Fraud Scheme
Oct 23 2019 // A southeast Texas man has been found guilty charges related to an arson and insurance fraud scheme in the Eastern District of Texas, the U.S. Attorney’s Office reported. According to U.S. Attorney Joseph D. Brown, a...
Texas Dentist Office Settles Federal Pregnancy Discrimination Case for $20K
Oct 23 2019 // Federal employment officials say the Texas-based dental business will pay $20,000 and provide other relief to settle a pregnancy discrimination lawsuit. According to the U.S. Equal Employment Opportunity Commission’s...
Reinsurers’ Earnings to Be Hit After 3rd Year of Major Claims: AM Best
Oct 23 2019 // Reinsurers’ earnings are likely to see further erosion in 2019 after another year of major catastrophe losses, which is prolonging the positive momentum for reinsurance pricing, according to AM Best. “Three...
Reinsurers Look at Cyber’s Massive Growth Possibilities-With Caution
Oct 22 2019 // Reinsurers are aware they must constantly invent new solutions in order to stay relevant for their clients. Yet, they admit they are sometimes challenged to close the protection gap for new and emerging risks such as...
After Avoiding Ohio Trial, Drug Firms Turn to Local Government Opioid Lawsuits
Oct 22 2019 // Four large drug companies could resume talks on Tuesday to try to reach a $48 billion settlement of all opioid litigation against them, after agreeing with two Ohio counties to a $260 million deal to avert the first...
UPS Drone Service to Deliver CVS Health Prescriptions to Homes
Oct 22 2019 // United Parcel Service Inc.’s new Flight Forward drone unit will soon start home prescription delivery from CVS Health Corp. The service, which will debut in one or two U.S. cities in the coming weeks, shows how the...
Update on Opioid Lawsuits Against Drugmakers, Distributors
Oct 21 2019 // On Monday, two Ohio counties reached a last-minute settlement with four companies they accused of fueling the nationwide opioid epidemic. The counties were seeking billions of dollars to cover the cost of addiction...
Four Drugmakers Reach $260M Settlement, Ending Opioid Trial Set to Start Today
Oct 21 2019 // Four large drug companies reached a last-minute $260 million legal settlement over their role in the U.S. opioid addiction epidemic, averting the first federal trial that was scheduled to start Monday morning in...
Supreme Court to Hear Challenge to Consumer Protection Bureau’s Structure
Oct 21 2019 // The U.S. Supreme Court on Friday agreed to hear a challenge backed by President Donald Trump’s administration to the structure of a federal agency assigned to protect consumers in the financial sector that could...
