Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
People & Places
Apr 6 2020 // National Mark Friedlander and Kris Maccini have been appointed to senior communications positions at the Insurance Information Institute (III) to broaden the organization’s traditional and social media operations. As...
D&O Insurers Brace For Coronavirus ‘Event Driven’ Litigation
Apr 6 2020 // What may be the first U.S. securities lawsuits alleging misdeeds related to coronavirus were filed in late March — one against a cruise line and another against a pharmaceutical company that claimed to have developed...
Cyber Insurance Sales to U.S. Businesses Picking Up: Marsh
Apr 6 2020 // The share of businesses buying cyber insurance continued to increase in 2019, driven by growing recognition of cyber threats as a critical business risk, says a new report. Marsh’s 2019 Cyber Insurance Purchasing...
Lloyd’s Returns to Profit; ‘Strong Position’ to Respond to COVID-19
Apr 6 2020 // While announcing a return to profit of £2.5 billion (US$3 billion) for 2019, Lloyd’s also affirmed that the market is in a strong position to respond to the impacts of COVID-19. Lloyd’s return to profit was...
Declarations
Apr 6 2020 // Delivery Aid “Insurers must cover delivery services for restaurants on personal auto insurance policies and must offer coverage for hired drivers and non-owned automobiles as a rider on a restaurant’s general...
New Jersey Manufacturer Cited for Safety Lapse After Employee Amputation
Apr 3 2020 // The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited BWay Corp., doing business as Mauser Packaging Solutions, for workplace safety and health hazards after an employee...
A Coronavirus Outbreak Among Farm Workers Would Be Catastrophic: Viewpoint
Apr 3 2020 // There is no evidence that Covid-19 has been transmitted by food or food packaging, according to U.S. federal health agencies. How the virus fares among food workers may be a different story. By law, food manufacturers must...
Gig Workers Seeking Coronavirus Unemployment Insurance Frustrated
Apr 3 2020 // Uber and Lyft drivers are hitting a wall in their efforts to apply for the coronavirus jobless benefits promised by Congress as state agencies say they are not ready to handle a class of workers who are totally new to the...
Health-Care Providers See Surge in Ransomware Attacks in Europe, U.S.
Apr 3 2020 // When hackers broke into computers at Hammersmith Medicines Research, a London-based company that carries out clinical trials for new medicines, it was a nightmare scenario for managing director Malcolm Boyce. The...
Demotech Reveals Florida Insurer Ratings, Says Market ‘Most Difficult’ in U.S.
Apr 3 2020 // The long-awaited Demotech rating decisions for Florida domestic carriers are in, with many carriers having satisfied necessary steps to avoid ratings downgrades by the financial analysis firm. After affirming a slew of...
Reuters: Banks Cite Liability Risks, May Not Participate in Coronavirus Lending Plan
Apr 2 2020 // Thousands of U.S. banks, including some of the country’s largest lenders, have said they may not participate in the federal government’s small-business rescue program due to concerns about taking on too much...
Life-or-Death Decisions by Hospitals, Doctors Come With Threat of Lawsuits
Apr 2 2020 // Doctors and hospitals overwhelmed in the pandemic will have to make their excruciating life-or-death decisions meticulously or they risk being second-guessed by a jury when the onslaught is over. Lawyers who defend health...
Initial Insured Losses for UK’s February Floods Estimated at £297M (US$367.8M): PERILS
Apr 2 2020 // Initial insured losses for the floods that hit the UK in February are estimated at £297 million (US$367.8 milion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe...
Insurers Worry About D&O Claims Against Executives From Coronavirus
Apr 2 2020 // Insurers are increasingly worried about shareholders, employees or customers bringing coronavirus-related claims against company executives and are considering excluding the virus from policies which protect the bosses,...
China Re Is Weighing Establishing U.S. Operation: Reuters
Apr 1 2020 // BEIJING, April 1 (Reuters) – China Reinsurance Group Corp said on Wednesday it will carefully consider its plan to set up a business entity in the United States, based on its global strategy and the implementation of...
Coronavirus Relief Loans Will Be Available for Small Businesses Friday
Apr 1 2020 // The United States’ new $350 billion small-business coronavirus rescue loan program could see millions of applications when it launches on Friday, senior Trump administration officials said on Tuesday. Officials from...
New Argo Group CEO Rehnberg Aims for Transparency and Straight Shooting
Mar 31 2020 // Argo Group had been under fire for months over allegations that its board spent excessively on executive compensation when Kevin Rehnberg became interim CEO in November 2019. Three months later, Rehnberg was named as its...
Cannabis Deemed an ‘Essential’ Business. Will Insurance Landscape Change?
Mar 26 2020 // It’s not just toilet paper and hand sanitizer people have been stocking up on during the COVID-19 crisis. Inventory levels at adult use cannabis stores in the U.S. showed a quick decline after the COVID-19 crisis...
U.S. Lawsuit Wants China to Pay for Business Income Losses from Coronavirus
Mar 26 2020 // An attorney who represented victims of the Las Vegas shooting massacre has filed a federal lawsuit against China’s government over the new coronavirus, saying that officials hid information about the outbreak and...
Cyber Insurance Sales to U.S. Businesses Picking Up: Marsh
Mar 26 2020 // The share of businesses buying cyber insurance continued to increase in 2019, driven by growing recognition of cyber threats as a critical business risk, says a new report. Marsh’s 2019 Cyber Insurance Purchasing...
