Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Ascot US Acquires Inactive Greyhawk Insurance and Specialty
May 22 2018 // Ascot US Holding Corp. has acquired Greyhawk Insurance Co. and its subsidiary Greyhawk Specialty Insurance Co. Greyhawk is a Colorado domiciled admitted lines insurer that has been in runoff since 2006. Greyhawk Specialty...
Europe’s New Data Privacy Law Boosts Cyber Insurance Sales
May 22 2018 // Data privacy rules coming into force this week are giving Europe’s fledgling cyber insurance market a boost as they make companies more aware of the risks caused by customer information breaches. Europe’s...
Congress Considers Tightening Oversight of Foreign Investments
May 22 2018 // A lobbying group representing major foreign companies doing business in the United States including Anheuser Busch Inbev and Siemens said on Friday it had dropped its opposition to bills that would tighten oversight of...
BP Fears Climate Change Lawsuits in U.S.
May 22 2018 // After paying more than $65 billion in legal costs for the Deepwater Horizon catastrophe, BP Plc is wary of the risk of lawsuits related to climate change. Chief Executive Officer Bob Dudley raised the topic of class-action...
U.S. Cyber Market Grew 32% in 2017 But Most Small-Medium Firms Opted Out: A.M. Best
May 21 2018 // The U.S. market for cyber insurance grew significantly in 2017, as direct premiums written rose nearly 32 percent year over year to $1.8 billion, and policies in force jumped 24 percent to 2.6 million, according to an A.M....
U.S. Cyber Market Is $2 Billion, Growing Fast, Profitable: Fitch
May 21 2018 // Cyber insurance coverage continues to be one of the fastest growing segments and represents a significant growth opportunity for U.S. property/casualty insurers, according to Fitch Ratings in a new report. The market has...
Insurers’ Worst Fear: Cyber Hurricane or Silent Cyber?
May 21 2018 // Insurers in the cyber insurance segment have enjoyed exponential growth in the market over the last 10 years, and that is expected to continue as the world becomes even more connected via the internet. But while the growth...
Court Revives Challenge to Seattle’s Ridesharing Union Law
May 21 2018 // A U.S. appeals court has revived a leading business group’s challenge to a Seattle law, the first of its kind, that would allow drivers for ridesharing services such as Uber Technologies Inc. and Lyft to...
Global Insurers Reassessing Iran Business In Light of Sanctions Threat
May 20 2018 // Global insurers are taking stock of how the U.S. withdrawal from an international agreement to deny Tehran nuclear weapons, and threatened sanctions against companies that do business with Iran, could affect...
Fitch Sees Small Profit But Still Negative on U.S. Commercial Lines Outlook
May 18 2018 // After a tumultuous 2017, the U.S. commercial lines market should eke out a small underwriting profit in 2018 assuming catastrophe losses return to more historical norms, Fitch Ratings said in a new report. Still, Fitch is...
Russia Delays Proposal to Criminalize Compliance with U.S Sanctions
May 17 2018 // Russian lawmakers on Thursday voted to postpone the second reading of a bill being discussed in the lower house of parliament that would make it a crime to comply with Western sanctions on Russia. The lower house said it...
More States File Opioid Lawsuits Against Drug Firms
May 16 2018 // Litigation against OxyContin maker Purdue Pharma LP is intensifying as six more U.S. states on Tuesday announced lawsuits, accusing the company of fueling a national opioid epidemic by deceptively marketing its...
Best Countries to Locate a Business in Age of Cyber, Storms, Fires and Political Risk
May 16 2018 // The risk of cyber attack, once overhyped, now threatens businesses’ very existence. Its severity varies significantly with geography: For example, inherent cyber risk has climbed in France over the past year while...
UK, France, Germany Huddle on Iran Oil Tanker Insurance
May 15 2018 // If European powers are to succeed in holding together a nuclear deal with Iran that the U.S. abandoned a week ago, then one issue they’ll need to consider is the insurance of oil tankers hauling the Persian Gulf...
Nations with National Regulatory Policies Outpacing U.S. on Driverless Cars
May 15 2018 // Cars that drive themselves are finding the clearest paths to showrooms in the U.K., Germany, South Korea and Singapore, where governments have enacted legislation allowing autonomous vehicles to be tested on public roads....
Puerto Rico Readies for Upcoming Hurricane Season with Lessons from Maria
May 14 2018 // Federal and local officials said that they are stockpiling radios, food, water and generators in Puerto Rico and demanding rigorous emergency training to prepare the U.S. territory for dealing with any catastrophic storm...
Number of Lawyers in U.S. Grew 15% in Past Decade
May 14 2018 // The nationwide population of lawyers is up to 1,338,678 licensed, active attorneys, which represents a 0.2 percent increase since last year and a 15.2 percent rise over the past decade, according to data from the American...
Court Revives Challenge to Seattle’s Ridesharing Union Law
May 14 2018 // A U.S. appeals court has revived a leading business group’s challenge to a Seattle law, the first of its kind, that would allow drivers for ride-hailing services such as Uber Technologies Inc. and Lyft to...
Takata Air Bags Linked to 278 Injuries, 15 Deaths in U.S.
May 14 2018 // Takata Corp.’s defective air bags have been linked to 278 injuries across the United States, according to updated figures released by U.S. Democratic Senator Bill Nelson of Florida, in advance of a hearing this week...
U.S. Warns European Businesses on Sanctions If They Do Business with Iran
May 13 2018 // European countries and companies that continue to do business with Iran could face U.S. sanctions, National Security Adviser John Bolton said Sunday. Part of the flaw with the Iran deal that President Donald Trump rejected...
