Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
USI Insurance Services Acquisition of U.S. Risk Finalized
Jul 3 2019 // The acquisition of Dallas-based property/casualty program and specialty brokerage, U.S. Risk Insurance Group (U.S. Risk), by USI Insurance Services (USI), has been finalized. Terms of the previously announced transaction...
Reinsurers Offering Better Prices, Capacity for Preferred Trading Partners: Willis Re
Jul 2 2019 // Strengthening primary insurance market conditions underpinned improvements to reinsurance prices, terms and conditions at the June 1 and July 1, 2019 renewals, according to the latest 1st View renewals report from Willis...
Liberty Mutual Completes $240 Million Limestone Re Transaction
Jul 2 2019 // For the fourth time, Liberty Mutual has utilized capital markets’ reinsurance capacity via the Bermuda collateralized reinsurance sidecar, Limestone Re Ltd. The Boston-based insurer said it has completed a new...
New Jersey Framing Contractor Cited for Exposing Employees to Fall Hazards
Jul 2 2019 // The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited Navy Contractors Inc. for exposing employees to fall hazards at a work site in Lakewood, N.J. The company faces $84,183 in...
New York Governor Cuomo Orders Probe into Facebook’s Advertising Platform
Jul 2 2019 // New York Governor Andrew Cuomo on Monday ordered the U.S. Department of Financial Services to investigate reports that state-regulated advertisers were using Facebook Inc’s advertising platform in a discriminatory...
China to End Limits on Foreign Ownership in Financial Sector One Year Early
Jul 2 2019 // China will end ownership limits for foreign investors in its financial sector in 2020, a year earlier than scheduled, to show the world it will keep opening up its markets, Premier Li Keqiang said on Tuesday. China will...
U.S. Risk Insurance Group Finalizes Sale to USI Insurance Services
Jul 2 2019 // Dallas, TX, July 2, 2019 – U.S. Risk Insurance Group (U.S. Risk), one of the nation’s largest property and casualty program and specialty brokerage firms, today announced the completion of its previously announced...
US Government Wants Some of Oklahoma’s $270M Purdue Pharma Settlement Money
Jul 1 2019 // The U.S. government wants a portion of Oklahoma’s $270 million settlement with Purdue Pharma that stemmed from the state’s ongoing lawsuit against opioid makers. The U.S. Centers for Medicare and Medicaid...
Motel 6 Settles Another Class Action Over Giving Guest Lists to Immigration Agents
Jul 1 2019 // Motel 6 has agreed to pay $10 million to settle a class-action lawsuit over claims the budget chain routinely provided guest lists from properties in Arizona to U.S. Immigration and Customs Enforcement (ICE) agents, court...
Delaware Chemical Manufacturer Fined $262K for Exposing Workers to Toxic Gas
Jul 1 2019 // The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) cited Croda Inc. after a chemical release at the New Castle, Del., manufacturing plant exposed workers to ethylene oxide. The...
Supreme Court Offs Ban on Foul Language Trademarks
Jul 1 2019 // The Supreme Court in late June struck down a longstanding U.S. ban on trademarks on “immoral” or “scandalous” words and symbols, ruling in a case involving a clothing brand with an indelicate name...
How Insys Bankruptcy Case Could Alter Fate of Thousands of Opioid Lawsuits
Jun 28 2019 // The fate of thousands of lawsuits seeking to hold drugmakers responsible for fueling the U.S. opioid epidemic hinges in part on a thorny legal question: Can a company can use a bankruptcy to stop lawsuits from cities and...
U.S. Jury Finds Huawei Stole Silicon Valley Startup’s Trade Secrets
Jun 28 2019 // A federal jury in Texas has ruled that Huawei stole trade secrets from a Silicon Valley startup, but it didn’t award any damages. After a three-week trial, jurors in U.S. District Court in Sherman, Texas, determined...
Poll: Majority of Americans Say Global Warming is Affecting U.S. Weather
Jun 27 2019 // The majority of Americans say global warming is important to them, and that it’s affecting the weather in the U.S. A national survey by the Yale Program on Climate Change Communication and the George Mason University...
U.S. P/C Insurers’ Net Income Increased 69% in 2018: A.M. Best
Jun 27 2019 // The U.S. property/casualty industry showed a year-over-year 69% increase in net income to $59.2 billion in 2018, owing to lower losses from catastrophic events, favorable development of prior years’ loss reserves and...
Supreme Court Scales Back Doctrine Giving Deference to Regulatory Agencies
Jun 27 2019 // The U.S. Supreme Court on Wednesday constrained the power of federal agencies, scaling back a legal doctrine that calls for judges to give agencies deference to interpret their own rules but declining to eliminate it as...
U.S. High Court to Rule on Scope of Copyright for Legal Codes in Georgia Suit
Jun 26 2019 // The U.S. Supreme Court on Monday agreed to hear a bid by Georgia lawmakers to win federal copyright protection for an annotated version of the state’s legal code and to decide whether state and local governments can...
Jump in Western U.S. Wildfires Means Smoke’s Health Impact Will Spread
Jun 26 2019 // Climate change in the Western U.S. means more intense and frequent wildfires churning out waves of smoke that scientists say will affect tens of millions of people and cause premature deaths to spike. That’s...
Beazley Snares Cyber Underwriters from Chubb, Gallagher for U.S. Regions
Jun 26 2019 // Specialty insurer Beazley has hired two cyber and technology underwriters in the U.S. to meet growing demand from middle market businesses for insurance cover for cyber, data security and privacy exposures. Jennifer...
Judge Open to ‘Novel’ Idea of Local Government Class for Opioid Settlement Talks
Jun 26 2019 // A judge backed a push by U.S. cities and counties suing opioid makers such as Purdue Pharma LP and Johnson & Johnson to negotiate a settlement as a group but put off until August a final decision on the request. U.S....
