Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Hippo Gets $350M Investment, Reinsurance Treaty From Mitsui Sumitomo
Nov 25 2020 // Hippo Enterprises, an MGA insurtech focused on homeowners insurance, secured a $350 million capital investment designed to help fuel further growth. A related reinsurance agreement is also part of the deal. Mitsui Sumitomo...
Death of West Virginia Miner Marks 6th US Coal Mining Fatality of 2020
Nov 25 2020 // A coal miner died Monday in a workplace accident in southern West Virginia, the governor’s office said. Taylor Meldin Halstead, 20, of Bob White, was killed in the accident at Panther Mining LLC’s American...
Travel Insurance Surges Along with Coronavirus This Thanksgiving
Nov 25 2020 // U.S. websites have seen a surge in travelers seeking expensive ironclad insurance this Thanksgiving, as Americans desperate to break the monotony of a year spent at home look to cover themselves against coronavirus-related...
Cigna’s CEO and Board Sued for ‘Black-Ops-Style’ Tactics to Kill Merger with Anthem
Nov 24 2020 // Cigna Corp.’s chief executive officer and board used “black-ops-style” tactics in a covert campaign to “blow up” a $48 billion merger with rival insurer Anthem Inc., Cigna investors claim in a...
Pork Producer Smithfield Settles Nuisance Lawsuits in N.C. as Court Affirms Verdict
Nov 24 2020 // A federal appeals court on Thursday upheld a 2018 jury verdict that led to awarding monetary damages to neighbors of a North Carolina industrial hog operation for smells and noise they said made living nearby...
Ping An’s Goal to Pivot from Finance Group to Tech Giant Is Now Threatened
Nov 23 2020 // The headwinds that toppled Ant Group Co.’s initial public offering now threaten a $22 billion dream of China’s Ping An Insurance (Group) Co. — to pivot from a finance group to a tech giant and be valued...
Zurich Insurance in Talks to Acquire MetLife Unit for $4 Billion
Nov 22 2020 // Switzerland’s Zurich Insurance Group AG is in advanced talks to acquire MetLife Inc.’s U.S. property and casualty (P&C) car and home insurance unit for close to $4 billion, according to people familiar with...
Health Officials Hope New Coronavirus Contact Tracing Apps Attract More Users
Nov 20 2020 // A new wave of mobile apps that help track exposure to the coronavirus is coming to U.S. states ahead of the holidays as public health officials bet that recently introduced features from Apple Inc. and Alphabet...
Insurance Executives Seek More Diversity in Executive Ranks
Nov 19 2020 // When Jerald Tillman and Mike James started their careers more than 20 years ago, working in the U.S. insurance industry was not on their radar, but programs to attract Blacks and other minorities brought them into the...
Aon Secures $70M in Alternative Capital Capacity to Transfer Systemic Cyber Risk
Nov 19 2020 // Insurance broker Aon plc has launched a new product with Hudson Structured Capital Management Ltd. (an asset manager undertaking its re/insurance business as HSCM Bermuda) to protect insurers and reinsurers against...
Transportation Chief, Car Makers Say FCC’s Wi-Fi Ruling Undermines Auto Safety
Nov 19 2020 // The U.S. communications regulator on Wednesday approved a plan to allow a growing number of wireless devices to use part of a spectrum previously set aside for automakers to develop methods for vehicles to communicate with...
How Lloyd’s Underwriters Are Viewing Today’s U.S. Casualty Insurance Environment
Nov 19 2020 // Today’s Lloyd’s of London market for casualty insurance is marked by rising prices, reduced capacity, and buyers embracing more self-insurance, according to underwriters at Lloyd’s. It is also marked by...
U.S. Administrator Claims of Tennessee Adds Goff, Whalen as Managers
Nov 19 2020 // U.S. Administrator Claims has promoted Michael Goff to senior director to lead all claim operations. In addition to this promotion, the company has also hired Greg Whalen to be director of General Liability and Property...
Minnesota Insurance Agent Charged with Stealing $524K From Clients
Nov 19 2020 // A Minnesota insurance agent has been charged with client theft of approximately $524,000, the U.S. Justice Department says. On Nov. 18, U.S. Attorney Erica H. MacDonald reported that John David Paulson, 56, is under...
Starr’s Greenberg Sees Opportunity for Fresh Start for U.S.-China Relations Under Biden
Nov 18 2020 // U.S. President-elect Joe Biden has an opportunity to start fresh with China, a move that would benefit both nations, Maurice “Hank” Greenberg, chairman of Starr Insurance Companies, told Reuters on...
S&P Finds U.S. Insurers Made Modest Gains in Diversity Over Decade
Nov 18 2020 // The U.S. insurance industry has achieved only modest gains in increasing diversity over the last 10 years, according to government data compiled by S&P Global Market Intelligence. S&P found that the percentage of...
FAA Safety Agency Clears Boeing 737 MAX to Fly Again
Nov 18 2020 // After nearly two years of scrutiny, corporate upheaval and a standoff with global regulators, Boeing Co. won approval on Wednesday from the U.S. Federal Aviation Administration to fly its 737 MAX jet again after two fatal...
Pfizer Reports 95% Success Rate in COVID-19 Vaccine Final Trial
Nov 18 2020 // Final results from Pfizer Inc.’s COVID-19 vaccine trial showed its shot had a 95% success rate and two months of safety data, paving the way for the drugmaker to apply for an emergency U.S. authorization within days,...
Washington Insurance Agent Charged with Wire Fraud in Alleged $750K Scheme
Nov 17 2020 // A 57-year-old Snohomish, Wash., insurance agent was charged this week in U.S. District Court in Seattle with five counts of wire fraud for her theft of approximately $750,000 in premium payments from various insurance...
U.S. Safety Agency Expands Probe Into 159,000 Teslas Over Touchscreen Failures
Nov 17 2020 // The U.S. National Highway Traffic Safety Administration (NHTSA) said on Monday it was expanding a probe into nearly 159,000 Tesla Model S and Model X vehicles, upgrading it to an engineering analysis, a step required...
