Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Liberty Mutual to Acquire AmTrust’s Surety, Credit Reinsurance Business
Apr 15 2019 // Liberty Mutual Insurance said it has agreed to acquire the global surety and credit reinsurance operations of property/casualty insurer AmTrust Financial Services. Terms of the deal were not disclosed. Upon closing,...
More Than 200K Without Power Following Violent Northeastern U.S. Storms
Apr 15 2019 // More than 200,000 homes and businesses in eight states were without power early Monday after violent thunderstorms and heavy rains swept through the U.S. Northeast. Virginia and Pennsylvania were the hardest hit, with...
Contaminated Oil Linked to U.S. Reserves Raises Safety Concerns
Apr 15 2019 // Exxon Mobil Corp. is the latest company to raise concerns that a stockpile of U.S. government crude is tainted with poisonous gas. The American energy giant said some of the oil it purchased last year from the Energy...
Markel Internal Review Finds ‘No Bad Faith’ Related to Loss Reserves Under Investigation
Apr 15 2019 // Markel Corp. said that an internal review conducted by outside counsel found “no evidence that personnel of its CATCo unit acted in bad faith in exercising business judgment in the setting of reserves and making...
IMF Officials Urge Governments to Limit Risks to Global Economy
Apr 15 2019 // The International Monetary Fund warned governments not to rock the boat with trade wars and other disruptions at a time when the global economy is already sailing through choppy waters. “We see downside risk and that...
Judge Directs Bayer to Enter Mediation with Plaintiffs in Roundup Cancer Lawsuits
Apr 15 2019 // A U.S. judge ordered Bayer AG to pursue mediation with plaintiffs claiming that its Roundup weedkiller causes cancer, asking the company to try to settle lawsuits that have wreaked havoc on its share price. More than...
Synergy Professional Associates Expands Lawyers PL Program to 3 New States
Apr 15 2019 // Synergy Professional Associates, in partnership with Tokio Marine HCC – Professional Lines Group, has expanded its lawyers professional liability programs focusing on small law firms into Colorado, Florida and New...
Americans Still Don’t Trust Autonomous Vehicles, Reuters Poll Shows
Apr 15 2019 // Half of U.S. adults think automated vehicles are more dangerous than traditional vehicles operated by people, while nearly two-thirds said they would not buy a fully autonomous vehicle, according to a new Reuters/Ipsos...
Commercial Auto Forecast Improves, But Not Much: A.M. Best
Apr 15 2019 // A.M. Best maintains its negative outlook for the U.S. commercial auto insurance market even though its analysts believe it should improve somewhat in 2019. That forecast stems from commercial auto insurers having taken...
My New Markets
Apr 15 2019 // Diplomatic Entities Market Detail: NSM Insurance Group’s (www.nsminc.com) Global Coverage Program offers insurance coverage for foreign reverse flow businesses and diplomatic entities operating in the United States....
‘Bomb Cyclone’ Adds to Weather Woes in Central US
Apr 12 2019 // A storm system known as a “bomb cyclone” slowly churned through the U.S. interior Thursday for the second time in a month, unleashing a blizzard that struck the Upper Midwest and creating hazardous fire...
SoftBank’s Maneuvers Reflect Expanded U.S. Scrutiny of Foreign Investors
Apr 12 2019 // SoftBank Group Corp. has agreed to give up board seats and access to sensitive information, take a more passive role in startups and make other concessions to get government clearance for its technology deals in the United...
Fitch Warns Bond Insurers After Court’s Puerto Rico Bankruptcy Ruling
Apr 12 2019 // A U.S. Appeals Court ruling last month in Puerto Rico’s bankruptcy led Fitch Ratings on Thursday to place seven city, school, and health care ratings in states including Illinois and California on a watch list for...
U.S. State Department Adds Kidnapping Risk to Travel Advisories
Apr 11 2019 // The risk of being kidnapped or taken hostage is being added to the travel advisories issued by the State Department. State Department advisories have until now included warnings about such things as crime, civil unrest or...
New York City Orders Mandatory Vaccines for Some Amid Measles Outbreak
Apr 11 2019 // Health officials Tuesday ordered nearly everyone in a heavily Orthodox Jewish New York City neighborhood to be vaccinated for measles or face fines, reviving a public-health strategy that experts say hasn’t been used...
Records Show Sensors Linked to Boeing 737 Max Crashes Vulnerable to Failure
Apr 11 2019 // The crashes of two Boeing Co. 737 Max jets in five months have focused attention on a little-known device that malfunctioned, starting a chain reaction that sent the planes into deadly dives. Pilots have for decades relied...
Global Floods Cause $8B in Economic Losses During March: Aon Catastrophe Report
Apr 10 2019 // Damage from flooding in March 2019 is estimated at US$8 billion from events across the globe, according to Aon’s “Global Catastrophe Recap – March 2019.” “The major catastrophe events of March...
Yahoo Data Breach Settlement Revised to $117.5 Million
Apr 10 2019 // Yahoo has struck a revised $117.5 million settlement with millions of people whose email addresses and other personal information were stolen in the largest data breach in history. The proposed class-action settlement made...
Fiat Chrysler to Settle U.S. Investor Claim Over Diesel, Safety Issues for $110 Million
Apr 9 2019 // Italian-American automaker Fiat Chrysler Automobiles NV has agreed to pay $110 million to settle a lawsuit alleging it misled U.S. investors over excess diesel emissions and failed to comply with federal safety...
Insurers Pitch Quick-Paying Parametric Disaster Insurance to Public Sector
Apr 9 2019 // Some of the world’s largest insurers are eagerly pitching cities, states and even school districts on policies designed to pay out quickly with few questions in the event of extreme weather. The catch: Even a...
