Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
US Court Declines to Dismiss Mandarin Hotel COVID-19 Claim Against Insurers
Sep 25 2024 // Insurers have failed to win dismissal of a federal COVID-19 business interruption lawsuit against them by the luxury hotel chain Mandarin Oriental. Judge John P. Cronan of U.S District Court in New York found that...
Aon Launches US Severe Convective Storm Model
Sep 24 2024 // Just a few weeks after unofficially announcing that a new catastrophe model was in the works, Aon officially announced the launch of a model to analyze U.S. Severe Convective Storms this week. Paul Shedden, head of global...
People Moves: HDI Global Taps SCOR’s Ahn as HK Branch CEO; Amwins Global Risks Promotes Abraham as CEO, Succeeding Mathis, Who Returns to US
Sep 20 2024 // This edition of International People Moves details appointments at HDI Global and Amwins Global Risks. A summary of these new hires follows here. HDI Global Taps SCOR’s Ahn as HK Branch CEO, Lau Named Director APAC...
People Moves: AIG Appoints Walsh CFO; Rokstone Names Baker Deputy Head of US Casualty; Applied Underwriters Hires, Promotes Leadership
Sep 20 2024 // AIG Appoints Walsh Executive Vice President, Chief Financial Officer Keith Walsh American International Group, Inc. (AIG), headquartered in New York City, named Keith Walsh as executive vice president and chief financial...
Report: Over 250,000 US Properties Have Repeated NFIP Claims
Sep 19 2024 // More than a quarter million U.S. properties have repeated claims for federal flood insurance, costing the National Flood Insurance Program billions of dollars in claims, according to new federal data compiled by the...
US Sues Ship Owner, Operator Over Baltimore Bridge Collapse
Sep 18 2024 // The US sued the owner and the operator of a Singapore-flagged ship that rammed into a Baltimore bridge in March, the most aggressive action to date in response to a disaster that killed six workers and threw the...
US Property Insurance Rates Fall for First Time Since 2017
Sep 17 2024 // US property insurance rates are decreasing for the first time in almost seven years, after insurers returned to profitability amid lower losses tied to catastrophes. The average US property insurance rate decreased 0.94%...
Personal Lines Turnaround Fuels US P/C Industry Underwriting Gain
Sep 17 2024 // A turnaround in the personal lines insurance segment results was a key driver of an overall $3.8 billion profit from underwriting for the U.S. property/casualty insurance industry, according to a new report from AM...
Reinsurance Outlook to ‘Neutral’; US to Push for Double-Digit Casualty Increases
Sep 16 2024 // Fitch Ratings said reinsurers are likely to push for double-digit U.S. casualty rate increases during January renewals to keep up with loss trends from social inflation. The rating agency in a new report changed its...
US P/C Insurance Industry Posts First H1 Underwriting Profit Since 2021
Sep 16 2024 // The U.S. property/casualty insurance industry recorded a net underwriting gain of $3.7 billion and net income of $94.6 billion for the first-half of 2024, according to a new report. “After years of consistent losses,...
TD to Pay $28 Million for Sharing Inaccurate US Consumer Data
Sep 13 2024 // Toronto-Dominion Bank will pay almost $28 million in fines and restitution after the Consumer Financial Protection Bureau said the lender shared inaccurate information about tens of thousands of US customers with consumer...
Cyberattacks on US Utilities Surged 70% This Year, Says Research Firm
Sep 12 2024 // U.S. utilities faced a near 70% jump in cyberattacks this year over the same period in 2023, according to data from Check Point Research, underlining the escalating threat to a critical infrastructure. The utilities and...
US Nuclear Verdicts Break Records and Drive Social Inflation to 7% in 2023: Report
Sep 11 2024 // Nuclear verdicts in the United States are breaking records with 27 court cases each awarding compensation of more than US$100 million during 2023, according to Swiss Re executives. Social inflation in US rose to 7% in 2023...
Study Suggests US Droughts, Rainy Extremes Becoming More Severe
Sep 11 2024 // Newswise — Severe drought in the American Southwest and Mexico and more severe wet years in the Northeast are the modern norm in North America, according to new research – and the analysis suggests these seasonal...
People Moves: Mosaic Builds Out Environmental Liability Team With 13 US Hires
Sep 11 2024 // Mosaic, headquartered in Hamilton, Bermuda, has added 13 U.S. environmental risk specialists to its team. Team members include Assistant Vice President Iraj Dehnavi, Senior Vice President Maureen Domenicone, Vice President...
People Moves: Melvin Names CEO of BMS Re US; Rawal Joins AXA XL as CUO Middle Market, Canada; QBE Canada Hires Fenn as Multinational Underwriting Manager
Sep 10 2024 // Melvin Appointed President and CEO, BMS Re, US Brad Melvin BMS Re, the specialty reinsurance arm of global broker BMS Group headquartered in New York City, appointed Brad Melvin president and chief executive officer, BMS...
Google’s Ad Empire Under Fire With US Antitrust Trial to Begin
Sep 9 2024 // Alphabet Inc.’s Google heads back to court Monday to face US Justice Department allegations that it manipulates the $677 billion display advertising market in violation of antitrust laws, just one month after losing...
Drought Shrivels the Mississippi River and Threatens to Disrupt US Food Exports
Sep 6 2024 // Drought across the central US is shrinking the Mississippi River, sending barge rates soaring and threatening to roil shipments of everything from corn to gasoline. Dry conditions across the Ohio River basin, which feeds...
As Traffic Deaths Remain High, US Awards $1 Billion for Road Safety Projects
Sep 6 2024 // The U.S. Transportation Department said on Thursday it is awarding $1 billion for a series of projects aimed at reducing traffic crashes, as road deaths remain sharply higher than pre-pandemic levels. The department...
People Moves: AXIS Names White as Head of Aviation, Succeeding Wood; Lockton Re Names Lynn for New Agriculture Practice, Ferrier for US West Coast Build-Out
Sep 3 2024 // This edition of International People Moves details appointments at AXIS Capital Holdings and Lockton Re. A summary of these new hires follows here. AXIS Names White as Head of Aviation, Succeeding Wood AXIS Capital...
