Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Brit Expands Capacity for Bermuda Sidecar Versutus & Lloyd’s Syndicate 2988
Feb 15 2018 // London-based Brit Ltd. has renewed and expanded the collateralized reinsurance capacity provided by its Bermuda domiciled sidecar, Versutus Ltd., in support of Brit’s property catastrophe portfolio for 2018. Marking...
The High Cost of Cybercrime to Insurers and Banks
Feb 15 2018 // Cyberattacks cost financial-services firms more to address than any other industry and the rate of breaches in the industry has tripled over the past five years, according to a report from Accenture and the Ponemon...
Automakers to Contribute $130M to Takata’s U.S. Settlement
Feb 15 2018 // A group of 13 automakers will contribute as much as $130 million to compensate those injured by faulty Takata Corp. air bag inflators as part of a deal to resolve the Japanese company’s bankruptcy, a U.S....
Hiscox Names McLaughlin as CFO in U.S.
Feb 14 2018 // Specialty insurer Hiscox has appointed David McLaughlin as chief financial officer in the U.S.. McLaughlin is based in Atlanta and will report to Ben Walter, chief executive officer for Hiscox in the U.S. McLaughlin brings...
California Dam Crisis Driving National Examination
Feb 13 2018 // One year after the worst structural failures at a major U.S. dam in a generation, federal regulators who oversee California’s half-century-old, towering Oroville Dam say they are looking hard at how they overlooked...
Blackstone Eyes Recapturing Anbang Insurance Assets Including Waldorf
Feb 13 2018 // Blackstone Group LP, which scored big four years ago when a company it owned sold New York’s Waldorf Astoria hotel for a record-setting price to a little-known Chinese insurer, may soon get a chance to own the iconic...
Senate Report Links Drugmakers’ Donations to Opioid Crisis
Feb 13 2018 // Five opioid manufacturers including OxyContin maker Purdue Pharma LP have paid more than $10 million to advocacy groups and doctors tied to them, many of whom amplified industry messages supporting the use of the...
Judge Voids Verdict on Arab Bank Liability for Terrorism; Triggers Settlements
Feb 12 2018 // A U.S. appeals court has thrown out a 2014 jury verdict finding Arab Bank Plc liable for knowingly supporting militant attacks in Israel linked to Hamas, a decision that triggers a settlement agreement with hundreds of...
10 Years Later: The Aftermath of Georgia Imperial Sugar Explosion That Killed 14
Feb 12 2018 // Broken equipment inside a steel conveyor belt sparked the first explosion at the Imperial Sugar refinery in Port Wentworth on a mild winter night 10 years ago. The initial blast rocked the building, jolting more dust into...
Trump Administration Plans Autonomous Vehicles Regulatory Summit
Feb 12 2018 // Auto manufacturers, technology companies, road safety advocates and policy makers will attend a March 1 conference over potential government actions that could speed the rollout of autonomous cars, the U.S. Transportation...
Takata U.S. Deal With Drivers, Creditors Clears Way to Sell Operations
Feb 12 2018 // Takata Corp.’s U.S. unit reached a settlement with its creditors, lawyers for those injured by its deadly air bags and automakers that smoothes the way to end its Chapter 11 bankruptcy and sell its viable operations,...
Fracking Earthquakes Pop Up in Unexpected Corner of Oklahoma’s Shale Patch
Feb 9 2018 // The oil prospectors of Oklahoma, it appeared, finally had a solution to their earthquake problem. Ordered by regulators to curb the wastewater they were dumping deep into the ground, they watched with satisfaction as...
U.S. Judge Rules ‘Gig Economy’ Driver Is Independent Contractor
Feb 9 2018 // A U.S. judge in San Francisco on Thursday said a former Grubhub Inc. delivery driver was an independent contractor and not the company’s employee, in the first case of its kind against a “gig economy”...
January Windstorms to Cost Europe’s Insurers More Than $2B: Aon
Feb 9 2018 // European windstorms Friederike, Eleanor and Carmen wreaked widespread damage in January, causing insured losses of more than $2 billion, according to a report published by Impact Forecasting, Aon Benfield’s...
From Bermuda to Switzerland, Reinsurers Lure Variety of Potential Investors
Feb 9 2018 // The $500 billion reinsurance industry is experiencing a flurry of deal talks. One reason: Companies are finally for sale as a rash of natural disasters has depressed valuations and a influx of competitors has made it...
Software Firm Sapiens to Grow U.S. Market with Acquisition of Adaptik
Feb 9 2018 // Global insurance software firm Sapiens International Corp. has agreed to buy Adaptik, a rival insurance software company focused on policy administration and billing. The move is expected to help the Israeli company boost...
North-South Korea Tensions, Cyber Threats Worry Insurers of Olympics
Feb 9 2018 // If South Korea’s Winter Olympics go off without a hitch this month, organizers will not be alone in toasting success. Their insurers will also be celebrating a tidy profit. The Games are being staged about two...
Climate Change and the ‘Fire Insurance Predicament’
Feb 8 2018 // A Washington-based conservative group is suing for information on the U.S. government’s “backstage work” on the Paris agreement it says will help pave the way for President Trump’s withdrawal from...
U.S. Weather Service Test Became False Tsunami Warning on East Coast
Feb 8 2018 // A tsunami warning was erroneously sent Tuesday to some mobile phones along the East Coast and other coastal locations, less than a month after a false notification of a missile attack in Hawaii was sent by that...
CoreLogic Identifies Flood and Wildfire as the Two Most Destructive Natural Hazards in 2017
Feb 7 2018 // This post is part of a series sponsored by CoreLogic. Annual Natural Hazard Risk Summary and Analysis Details 2017 Natural Hazard Events CoreLogic® analyzes and evaluates the number and severity of natural hazard events...
