Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Finchum Named Head of MetLife Auto & Home
Jan 17 2019 // MetLife has named Darla Finchum as head of the company’s U.S. property/casualty business, MetLife Auto & Home. Finchum has been serving in this role on an interim basis since August, 2018. She will be responsible...
Severe Weather in Canada Cost Insurers C$1.9 Billion in 2018: IBC
Jan 17 2019 // Insured damage from severe weather events across Canada reached C$1.9 billion (US$1.4 billion) in 2018, according to the Insurance Bureau of Canada (IBC), quoting statistics from Catastrophe Indices and Quantification...
Germany, China Discuss Ways to Improve Market Access for Insurers, Banks
Jan 17 2019 // Germany and China are working on ways to improve market access for each other’s banks and insurers, the German finance minister said on Thursday, and he welcomed plans by China and the United States to ease trade...
AIG’s Bernal Joins AXA XL’s Broker/Client Management Team in Texas
Jan 17 2019 // Roman E. Bernal has joined AXA XL’s broker and client management team in Houston as client distribution leader for the US South Central region, reporting to Wayne Speeg, US South Central regional leader. Bernal will...
Research Suggests Marijuana Users More Likely to Be Fired or Laid Off
Jan 17 2019 // As U.S. rates of marijuana use continue to rise, workers who use marijuana may be at higher risk of losing their jobs. Job loss may be an overlooked social cost of marijuana use, according to the new research by Cassandra...
Markel Faces Investor Lawsuit Over CATCo Loss Reserves
Jan 17 2019 // Markel Corp. is facing is class action shareholder lawsuit over reserve statements by its investment management unit that are being investigated by U.S. and Bermuda authorities New York law firm Bragar Eagel & Squire...
Big 3 Drive Personal Auto Insurance Recovery; Signs of Rate Hike Fatigue Ahead
Jan 16 2019 // Steady improvement for U.S. personal auto insurance companies has culminated in the sector’s best underwriting performance in 10 years, according to Fitch Ratings in a report. The market improvement was driven by the...
U.S. Charges Traders, Ukrainian Hackers with Stealing SEC Filings on Corporations
Jan 16 2019 // U.S. authorities on Tuesday charged a suspected Ukrainian computer hacker and several traders with scheming to trade on market-moving corporate earnings news stolen from a U.S. Securities and Exchange Commission...
Alabama Chiropractor Gets 3 Years in Trucker Health Exam Fraud Case
Jan 15 2019 // An Alabama-based chiropractor, who was accused in a scheme to conduct fraudulent physical examinations on prospective long-haul truckers and submit false documents to federal transportation regulators, has been sentenced...
Swiss Re Estimates Its Q4 Natural Catastrophe Claims to Hit US$1.0B
Jan 15 2019 // Swiss Re estimates it will pay claims of approximately $1.0 billion for natural catastrophes booked in the fourth quarter of 2018, with the largest generated from California wildfires and Hurricane Michael. These natural...
2019 Cyber Insurance Predictions: Strong Drivers for Growth Ahead
Jan 15 2019 // Cyber insurance is trending upward, the industry is growing, and the technology around it is evolving at a very quick pace. While predictions are always hard to make, here are five trends that are likely to catapult the...
U.S. Plan for Major Expansion of Drone Uses Allows Flights at Night, Above Crowds
Jan 15 2019 // The federal government has unveiled a long-awaited set of proposals to dramatically expand civilian drone flights while also tightening security, critical steps for an industry seeking to expand into robot aerial...
Supreme Court Won’t Hear Challenge to Federal Consumer Agency But Others on Way
Jan 14 2019 // The U.S. Supreme Court on Monday turned away a Texas bank’s constitutional challenge to the structure of the U.S. Consumer Financial Protection Bureau, passing up a case that could have led to more presidential power...
Global Reinsurance Capital Is Resilient Despite Losses of $230B over 2 Years: Aon
Jan 11 2019 // Global reinsurance capital – comprising traditional and alternative capital – fell 2 percent in 2018 to US$595 billion from $605 billion in 2017, remaining resilient in the face of insured natural catastrophe losses of...
Drug Advertising Drives $30 Billion Medical Industry Marketing Machine
Jan 11 2019 // Ads for prescription drugs appeared 5 million times in just one year, capping a recent surge in U.S. medical marketing, a new analysis found. The advertisements for various medicines showed up on TV, newspapers, online...
Zurich Policyholder Dispute Highlights Danger of Calling Out Cyber Attackers: Opinion
Jan 11 2019 // The $100 million lawsuit that Mondelez, the maker of Oreos and Cadbury chocolate, has brought against Zurich Insurance Group shows that governments should be more careful about identifying the would-be culprits in putative...
There’s 65% Chance That Weak El Niño Will Emerge in Spring, Says U.S. Weather Service
Jan 10 2019 // There is a 65 percent chance of an El Niño weather pattern emerging during the northern hemisphere spring this year, a U.S. government weather forecaster said on Thursday. “However, given the timing and that a weak...
Allianz-Backed Fintech Startup N26 Raises New Funds for Push into U.S.
Jan 10 2019 // N26 GmbH, the German banking app that’s backed by billionaires Peter Thiel and Li Ka-shing, has raised new funds at a valuation of $2.7 billion, making the company one of Europe’s most valuable non-listed...
U.S. Says Air Travel Safe After Workers Warn of Risks of Shutdown
Jan 10 2019 // U.S. airport security workers and air traffic controllers working without pay have been warning that security and safety could be compromised if the government shutdown continues, but the Trump administration said on...
Former Insys CEO Pleads Guilty to Opioid Bribes; Agrees to Work with Prosecutors
Jan 10 2019 // The former chief executive of Insys Therapeutics Inc. pleaded guilty on Wednesday to participating in a nationwide scheme to bribe doctors to prescribe an addictive opioid medication and has agreed to become a government...
