Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
How COVID-19 Impacts the Surplus Lines Insurance Industry
Apr 22 2020 // COVID-19 has majorly disrupted the global economy, and while many business sectors are subjected to temporary shutdowns or bare minimum operations, the insurance industry is racing forward while confronting unprecedented...
Hannover Re, Parent Firm Talanx Withdraw 2020 Profit Guidance on Virus Uncertainties
Apr 22 2020 // In view of the ongoing COVID-19 crisis and the associated uncertainties surrounding both the claims development and the capital market environment, Hannover Re and its parent company, Talanx, have withdrawn their profit...
What Companies Need to Disclose on Coronavirus Infections: Q&A
Apr 21 2020 // Almost all U.S. companies are likely to include in their quarterly filings broad statements on risks the ongoing coronavirus pandemic poses to their businesses. Should they be disclosing more? Smithfield Foods Inc., the...
Latest Class Actions Over Business Interruption Target 6 Insurers
Apr 21 2020 // A Minnesota dentist, an Ohio bridal shop and a New York pizzeria are among six small businesses that are the latest to sue insurers seeking compensation for business interruption claims due to the coronavirus crisis. The...
Travelers Sees Q1 Profit Fall From Storms; It’s Watching COVID-19 Workers’ Comp Claims
Apr 21 2020 // Property and casualty insurer Travelers Cos. Inc. reported a 25% drop in quarterly profit on Tuesday and warned that potential claims tied to compensation coverage for furloughed and laid-off employees would hit results...
Nuclear Plants Allowed to Extend Workers’ Hours, Delay Inspections
Apr 21 2020 // Nuclear power plants can now implement longer shifts for workers and delay some inspections, raising concerns that as the coronavirus pandemic upends basic operations the industry may be bending the rules too far. The...
Businesses Press Congress for Immunity When States Lift Coronavirus Lockdowns
Apr 21 2020 // Major U.S. business lobbying groups are asking Congress to pass measures that would protect companies large and small from coronavirus-related lawsuits when states start to lift pandemic restrictions and businesses begin...
On the Front Lines: Georgia Insurance Commissioner Deployed by National Guard
Apr 21 2020 // Georgia Insurance Commissioner John F. King has been on the front lines during times of crisis for the United States for most of his career. A former Georgia police chief and current Major General in the U.S. Army National...
‘Diesel Brothers’ TV Show Appeals Utah Air Pollution Fine
Apr 20 2020 // The stars of the “Diesel Brothers” reality TV show are appealing a federal court ruling requiring them to pay $848,000 to the U.S. government and a Utah county over pollution law violations. U.S. District Judge...
More White Collar Employees Starting to Face Pay Cuts, Layoffs
Apr 20 2020 // First, it was bars, restaurants, hotels. And clothing stores, movie theaters, entertainment venues. And countless small businesses, from bookstores to barber shops. Now, the record-setting flood of layoffs unleashed by the...
10 Years Later: Oil Drilled Deeper; Rules Relaxed After BP Oil Spill
Apr 20 2020 // Ten years after an oil rig explosion killed 11 workers and unleashed an environmental nightmare in the Gulf of Mexico, companies are drilling in deeper and deeper waters, where payoffs can be huge but risks are greater...
People & Places
Apr 20 2020 // National Garrett Hanrahan Insurance broker Marsh announced the appointment of Garrett Hanrahan as global head of Aviation with Marsh JLT Specialty. Hanrahan is succeeding Simon Harker, who is retiring after 44 years in the...
Wimbledon Shows How Pandemic Insurance Could Become Vital Coverage for Sports, Other Events
Apr 20 2020 // The Wimbledon tennis tournament had the foresight to buy around £1.5 million (US$1.9 million) per year in pandemic insurance following the SARS outbreak in 2003, said GlobalData in a recent bulletin. Paying out roughly...
Who Got Money in Small Business Paycheck Protection Program?
Apr 17 2020 // WASHINGTON/SAN FRANCISCO, April 17 (Reuters) – Over two frantic weeks, the U.S. government pledged $350 billion to Main Street businesses across America desperate for cash after coronavirus lockdowns. Now a picture...
Hacking Attacks Against Corporations Double as Employees Work From Home
Apr 17 2020 // Hacking activity against corporations in the United States and other countries more than doubled by some measures last month as digital thieves took advantage of security weakened by pandemic work-from-home policies,...
Rising Sea Levels Could Double Extreme Flooding Events on Coastline, Report States
Apr 16 2020 // “Sea-level rise will radically redefine the coastline of the 21st century.” That’s from a new study that shows rising sea levels could lead to extreme flooding events in some U.S. coastal areas doubling...
Fears of ‘Wild West’ as Unregulated COVID-19 Tests Hit the Market
Apr 16 2020 // Blood tests for the coronavirus could play a key role in deciding whether millions of Americans can safely return to work and school. But public health officials warn that the current “Wild West” of unregulated...
Judge Clears Way for Shareholder Suit Against Tesla, Musk Over Going-Private Tweet
Apr 16 2020 // A federal judge said Tesla Inc. and Chief Executive Elon Musk must face a lawsuit claiming they misled shareholders when Musk tweeted that he had secured funding to take his electric car company private in a $72 billion...
New York Taps McKinsey to Develop ‘Trump-Proof’ Economic Reopening Plan
Apr 16 2020 // New York Governor Andrew Cuomo has hired high-powered consultants to develop a science-based plan for the safe economic reopening of the region that can thwart expected pressure from President Donald Trump to move more...
Beazley Appoints Greenwood as Head of Cyber & Executive Risk, Succeeding Donovan
Apr 16 2020 // Specialist insurer Beazley has appointed Bethany Greenwood as global head of cyber & executive risk (CyEx) from July 2020. She will join Beazley’s executive committee at the same time. Greenwood joined Beazley...
