Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Hiscox Says Its Business Interruption Exposure Is Limited in Europe, U.S.
Apr 16 2020 // Hiscox’s core policy wordings do not provide cover for business interruption as a result of the general lockdown measures taken by the UK government in response to the coronavirus pandemic, said the company in a...
QBE Insurance Plans US$825M Capital Raise on COVID-19 Economic Uncertainties
Apr 15 2020 // QBE Insurance is planning to raise about US$825 million in capital as a result of the economic and investment market uncertainty created by the coronavirus crisis. The company will raise approximately $750 million of...
Businesses Warn Fear of Lawsuits Could Stall Rebooting of Economy; Urge Coordination
Apr 15 2020 // Litigation surrounding coronavirus responses is already underway and businesses are warning that the fear of more lawsuits could hinder the reboot of the U.S. economy. Returning America to work will require coordination...
Meat Plant Closures, Absenteeism Rise With Workers’ Fear of Coronavirus, Lack of Safety
Apr 15 2020 // CHICAGO/WINNIPEG, Manitoba — At a Wayne Farms chicken processing plant in Alabama, workers recently had to pay the company 10 cents a day to buy masks to protect themselves from the new coronavirus, according to a meat...
Deadly Storm Buffets New York and East Coast After Lashing South
Apr 14 2020 // A powerful storm that unleashed deadly tornadoes across the South was expected to shake trees and snap power lines in New York and other cities along the U.S. East Coast. Rainy gusts of up to 60 miles per hour were...
Wimbledon Shows How Pandemic Insurance Could Become Vital for Sports, Other Events
Apr 13 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...
Courts Allows Shareholder Class Action Against Goldman Sachs Tied to 2008 Crisis
Apr 13 2020 // Goldman Sachs Group Inc. must face a shareholder class action accusing the bank of hiding conflicts of interest, including behind-the-scenes dealings with a prominent hedge fund manager, when creating risky subprime...
Railroads Resist Oil Companies’ Demands for Storage in Rail Cars Citing Safety Concerns
Apr 13 2020 // Railroads are clamping down on rising demand from oil companies to store crude in rail cars due to safety concerns, sources said, even as the number of places available to stockpile oil is rapidly dwindling. Oil demand is...
Auto Insurers Offering $8-$10B in Discounts in Coronavirus Relief Effort; Updated List
Apr 13 2020 // The group of property/casualty insurers offering auto insurance premium discounts to recognize that insureds are driving less during the coronavirus crisis continues to grow, and now includes all major auto insurers. State...
Lessons on Trade-Offs From the 1918 Influenza Pandemic: Viewpoint
Apr 9 2020 // LONDON — Lockdowns have brought most of the world’s advanced economies to a near standstill as policymakers fight the coronavirus pandemic by banning all but essential movement outside the home. Tens of...
MGU Victor Taps Bonfà from US Underwriting Solutions as Country Leader of Victor Italia
Apr 9 2020 // Victor Insurance Holdings, the world’s largest managing general underwriter (MGU), announced the appointment of Matteo Bonfà as country manager, Victor Italia S.r.l., effective immediately. Bonfà is based in Milan...
PartnerRe’s Parent EXOR Vows to Go Ahead with Deals Despite Pandemic
Apr 9 2020 // The boss of EXOR showed confidence on Wednesday in the success of three transformative deals set to reshape its multi-billion portfolio of corporate holdings, despite being caught at mid-air by the coronavirus crisis. In a...
‘Uncertainty Is the Only Certainty’ When it Comes to Pandemic Modeling
Apr 8 2020 // A statistical model cited by the White House generated a slightly less grim figure Monday for a first wave of deaths from the coronavirus pandemic in the U.S. – a projection designed to help officials plan for the...
Failure to Act on Climate Change Could Make Weather Risks Uninsurable: Swiss Re
Apr 8 2020 // Global warming will lead to growing intensity and frequency of severe weather events, rising losses, as well as greater uncertainty in the assessment of these events by the insurance industry, which could make some weather...
BMS Appoints Broadnax to U.S. Property Facultative Team in Atlanta
Apr 8 2020 // BMS Group (BMS), the independent specialist (re)insurance broker, has appointed Larry Broadnax as senior vice president, Property Facultative Leader, effective April 15. He will be based in Atlanta and report to Pete...
How U.S. Insurance Industry Deals Fared in February
Apr 7 2020 // Financial deals in the U.S. insurance industry dropped off 8% during February 2020 compared with the last 12-month average. According to GlobalData’s deals database, a total of 46 deals worth $3.27 billion were...
Passenger Sues United Airlines Over Refusal to Refund Airfare Despite U.S. Order
Apr 7 2020 // United Airlines Holdings Inc. was sued by a passenger for refusing to issue refunds for canceled flights, three days after U.S. regulators ordered airlines to reimburse customers. The passenger, Jacob Rudolph, filed the...
Investors Allege Securities Violations by Cryptocurrency Issuers, Exchanges
Apr 7 2020 // Investors have brought class action lawsuits in federal court against seven cryptocurrency issuers and four exchanges, claiming they sold billions of dollars in unregistered assets in violation of U.S. securities laws. The...
Firefighters Work to Contain North Carolina Wildfires
Apr 6 2020 // Firefighters kept working on Saturday to slow the spread of western North Carolina wildfires that have spread due to high winds, the U.S. Forest Service said. A fire that began on private property Friday in Haywood County...
Federal-State Pandemic Training Focused on Flu, Not New Virus
Apr 6 2020 // In August, months before the first case of the new coronavirus was documented, some of Colorado’s top health officials gathered in a room at the state Department of Public Health and Environment to train for a...
