Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Bermuda Gains Reciprocal Status With U.S. Starting in 2020
Dec 16 2019 // Bermuda’s insurance market gains reciprocal status with the U.S. as of Jan. 1, 2020, something that industry and business groups there are celebrating as they countdown to the new year. Reciprocal status will make...
Federal Safety Agency Starts 12th Probe Into Tesla Crashes
Dec 16 2019 // The U.S. auto safety agency said on Friday it will investigate a 12th Tesla crash that may be tied to the vehicle’s advanced Autopilot driver assistance system after a Tesla Model 3 rear-ended a parked police car in...
Commercial Insurance Market Stable in 2020: A.M. Best
Dec 16 2019 // The market outlook on the U.S. commercial lines industry for 2020 is stable. according to analysts at ratings firm A.M. Best who cite “improved market conditions and solid levels of risk-adjusted capitalization that...
Fitch Sees Strong Revenue Growth for U.S. Public Insurance Brokers
Dec 16 2019 // Publicly traded U.S. insurance brokers are expected to produce strong revenue growth for 2020 given near peak level organic growth and favorable U.S. commercial lines insurance pricing trends. Further, margins remain...
U.S. Commercial Insurance Prices Were Up 4% in Q3: WTW
Dec 16 2019 // U.S. commercial insurance prices accelerated during the third quarter of 2019, as the aggregate price change reported by carriers exceeded 4%, according to insurance broker Willis Towers Watson. WTS’s Commercial...
U.S.- China Phase One Trade Pact Promises Improved IP Protections, Insurance Markets Access
Dec 15 2019 // The United States and China have agreed on the terms of a “phase one” trade deal that reduces some U.S. tariffs on Chinese goods while boosting Chinese purchases of American farm, energy and manufactured goods...
FCC Votes to Split Safety Spectrum with Telecoms Over Transportation Chief’s Warning
Dec 13 2019 // The U.S. telecommunications regulator voted on Thursday to advance a plan to split a key spectrum block set aside for auto safety to accommodate the burgeoning number of wireless devices, but the Transportation Secretary...
Probe Finds Intercontinental Terminals Fire Near Houston Began with Broken Manifold
Dec 13 2019 // A March fire at a petrochemical terminal that spread a blanket of black smoke across Houston began when part of a manifold, which includes a pump and motor, on one storage tank broke, according to a report by local and...
Ping An’s OneConnect Raises $312 Million in Expanded U.S. IPO
Dec 12 2019 // China-based cloud fintech platform OneConnect Financial Technology Co. expanded its U.S. initial public offering to raise $312 million, partly reversing cuts to its share-sale plans disclosed one day ago. The company, one...
Supreme Court Lets Stand American Family Ruling Agents Are Independent Contractors
Dec 12 2019 // The U.S. Supreme Court this week declined to hear an appeal brought by insurance agents of American Family Insurance Co. who have claimed they were wrongly classified as independent contractors and denied benefits. The...
Can Historic Towns Along Southeast Coast Endure Sea Rise?
Dec 12 2019 // Historic cities and towns along the Southeastern U.S. coast have survived wars, hurricanes, disease outbreaks and other calamities, but now that sea levels are creeping up with no sign of stopping, they face a more...
Southeast Insurance Chiefs Farmer, Altmaier Elected to Top NAIC Posts
Dec 11 2019 // South Carolina Department of Insurance Director Ray Farmer and Florida Insurance Commissioner David Altmaier have been elected to the positions of president and president-elect, respectively, of the NAIC (National...
BMS Re Revamps U.S. Reinsurance Management; Appoints Chandler President and CEO
Dec 11 2019 // Reinsurance broker BMS Group announced a series of management changes within its U.S. reinsurance team as the intermediary continues its expansion. This follows the completion in October of a large-scale investment into...
Boeing 737 MAX Planes to Remain Grounded Rest of This Year: FAA
Dec 11 2019 // Federal Aviation Administration (FAA) chief Steve Dickson confirmed Wednesday the agency will not allow Boeing Co.’s grounded 737 MAX, involved in two fatal crashes in five months, to resume flying before the end of...
Guy Carpenter, MGA Victor to Offer Coverage to U.S. Public Entity Pools
Dec 11 2019 // Managing General Underwriter Victor is now offering Guy Carpenter clients who are members of U.S. public entity insurance pools a range of property and casualty insurance products not traditionally offered by the...
E-Cigarette Makers Lose Legal Challenge to FDA’s Regulatory Authority
Dec 10 2019 // U.S. rules for marketing e-cigarettes withstood a legal challenge by a maker of the devices and an industry group. A federal appeals court in Washington upheld the Food and Drug Administration’s regulatory authority...
Beazley Life Sciences Product Aimed at Small Businesses, Start-Ups
Dec 10 2019 // Beazley has launched its BioSecure policy, a life sciences proposition designed for small businesses. The coverage provides flexible insurance protection against a range of exposures in the pharma, biotech and medical...
Study: Every $1 Spent on Buying Flood Lands Could Save U.S. $5 in Future Damages
Dec 10 2019 // Which would cost American taxpayers more: Paying now to protect undeveloped areas that are likely to flood in the coming decades, or allowing development to proceed based on current projections and paying for subsequent...
Victor Launches Lloyd’s Syndicate 2288; Frances Named Active Underwriter
Dec 10 2019 // Victor Insurance Holdings, managing general underwriter, has received approval from Lloyd’s if London to establish Victor Syndicate 2288 and commence underwriting effective January 1, 2020 with stamp capacity of...
U.S. Supreme Court Declines to Hear Arizona Opioid Claim Against Purdue’s Owners
Dec 9 2019 // The U.S. Supreme Court on Monday turned away a novel case by Arizona seeking to recover billions of dollars that the state has said that members of the Sackler family – owners of Purdue Pharma LP – funneled out...
