Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
UPS Approved to Operate First U.S. Drone Airline for Non-Residential Deliveries
Oct 2 2019 // United Parcel Service Inc. on Tuesday said it won the U.S. government’s first full approval to operate a drone airline, which gave it a lead in the nascent U.S. drone delivery business over rivals Amazon.com Inc. and...
Third Point Re’s Wilson Joins Hamilton to Head U.S. Casualty, Specialty Reinsurance Unit
Oct 1 2019 // Bermuda-based specialty insurer and reinsurer Hamilton Insurance Group announced that Steve Wilson has been appointed senior vice president, head of Casualty & Specialty, for its new U.S. reinsurance platform. Wilson...
At $20K a Year, Health Insurance Costs Undermine Job-Based Health Insurance
Oct 1 2019 // The cost of family health coverage in the U.S. now tops $20,000, an annual survey of employers found, a record high that has pushed an increasing number of American workers into plans that cover less or cost more, or force...
EagleView Wins $125M Patent Infringement Award, Sales Halt Against Verisk
Sep 30 2019 // A New Jersey jury last week ordered insurance data services firm Verisk to pay $125 million to aerial imaging firm EagleView for lost profits linked to Verisk infringing on various EagleView patents. The jury verdict in...
Update on Lawsuits Targeting Vaping; Litigation Expected to Grow
Sep 30 2019 // Several deaths and potentially hundreds of illnesses tied to e-cigarettes, which allow users to inhale nicotine vapor, often flavored, without smoking, have been reported by U.S. health agency. Lawsuits on behalf of young...
Insured Losses from Typhoon Faxai Estimated at US$5 Billion to US$9 Billion: RMS
Sep 30 2019 // RMS, the Newark, Calif.-based risk modeling and analytics firm, has estimated that the insured loss from Typhoon Faxai will be between $5.0 and $9.0 billion (¥ 500 to ¥950 billion). This estimate includes property damage...
U.K. Embraces E-cigarettes, as U.S. Scrambles to Crack Down on Vaping
Sep 30 2019 // While the U.S. scrambles to crack down on vaping, Britain has embraced electronic cigarettes as a powerful tool to help smokers kick the habit. The Royal College of Physicians explicitly tells doctors to promote...
How Early Signs of Lung Effects of Vaping Were Missed and Downplayed
Sep 30 2019 // Scientists, regulators and e-cigarette proponents missed, ignored or downplayed signs that vaping could significantly damage the lungs for nearly a decade, a review of medical literature, government documents and...
Strong E&S Premium Growth in Response to Weak Results; Top 15 E&S Writers: Fitch
Sep 30 2019 // Direct written premiums in the U.S. excess and surplus (E&S) lines market during 2018 grew at its greatest rate since 2012, increasing 11% and representing the eighth consecutive year of premium growth, according to...
Parametric Catastrophe Facility CCRIF Pays US$12.8M to Bahamas for Dorian Damages
Sep 27 2019 // CCRIF has made two payouts to the government of The Bahamas totaling US$12.8 million in the aftermath of Hurricane Dorian, which caused widespread destruction in the northern part of the archipelago. The Bahamas has three...
U.S. Private Flood Insurance: The Journey to Build a New Market
Sep 27 2019 // Not long ago, private flood insurance was thought to be an impossible dream in the property/casualty sector. There were numerous arguments supporting the common wisdom that a meaningful market for residential flood...
Vaping Now Linked to 12 Deaths, 805 Illnesses in U.S.
Sep 27 2019 // U.S. health officials on Thursday reported 805 confirmed and probable cases and 12 deaths so far from a mysterious respiratory illness tied to vaping, with the outbreak showing no signs of losing steam. Last week, the U.S....
Local Officials from Across U.S. Pressure McDonald’s on Workplace Harassment Policies
Sep 27 2019 // Scores of local government officials from 31 U.S. states pressured McDonald’s Corp.’s on Thursday to do a better job of protecting workers from groping, obscene comments and other forms of sexual harassment,...
Boeing Vows New Safety Panel, Design Changes in Response to 737 Max Crashes
Sep 26 2019 // Boeing Co. aims to sharpen its focus on safety after the 737 Max’s grounding ends, forming a new oversight panel and recommending changes to the planemaker’s structure and design practices after two crashes...
U.S. Aviation Regulator Denies It Misled Congress on 737 Max Inspectors
Sep 25 2019 // American aviation regulators misled Congress about a whistle-blower’s allegation that many inspectors performing safety assessments on the now-grounded Boeing Co. 737 Max airplane weren’t properly qualified to...
How U.S. Is Attempting to Manage Risk from ‘Insider’ Terrorist Threat in Aviation
Sep 25 2019 // The arrest of an airline mechanic suspected of being sympathetic with terrorists and charged with sabotaging a jetliner has renewed fear about the “insider threat” to aviation security. Despite security...
Alaska Has This Year’s Most Expensive Wildfire in U.S.
Sep 24 2019 // The nation’s most expensive wildfire this year is one that has been burning for months on Alaska’s Kenai Peninsula. The Swan Lake Fire has so far cost about $46 million to fight, according to the National...
Excess & Surplus Market Soars as Standard Carriers, Lloyd’s Drop Accounts
Sep 24 2019 // Demand for surplus lines insurance rose dramatically in 2018 and is continuing to expand this year, so much so that some in the sector are feeling a bit overwhelmed. The excess and surplus lines sector is enjoying its...
Many Major Central Banks, Minus U.S. Fed, Taking Action on Climate Change Risks
Sep 24 2019 // Bank of England Governor Mark Carney was in no mood for laughter as he stood in his tuxedo before the great and good of the British insurance industry. “I’m going to give you a speech without a joke, I’m...
Dangers of Booming Securitized Loan Market Highlighted by Bank for Int’l Settlements
Sep 23 2019 // Lending standards in the rapidly growing loan market are deteriorating and complex financial products that mask risks to banks have parallels with the run-up to the 2008 financial crisis, the Bank for International...
