Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
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...
U.S. Safety Board Blames Two NYC-Area Commuter Crashes on Sleep Disorders
Feb 7 2018 // A U.S. investigative agency said on Tuesday that two New York City area commuter train crashes were the result of engineers with undiagnosed sleep disorders. The National Transportation Safety Board (NTSB) criticized the...
A.M. Best Calculates P/C Insurers’ Underwriting Loss for 2017
Feb 7 2018 // Rating agency A.M. Best expects the U.S. property/casualty insurance industry to post a second consecutive underwriting loss in 2017, driven mainly by catastrophe losses. The expected net underwriting loss for 2017 of...
How Disasters Expose Challenges and Opportunities for Insurance
Feb 7 2018 // Although clear challenges can come with the increasing cost and frequency of global natural disasters, there could also be untapped opportunity for insurers to tackle coverage gaps, according to panelists at the Insurance...
Aon Securities Structures Largest-Ever Earthquake Catastrophe Bond for World Bank
Feb 7 2018 // Aon Securities, the investment banking division of reinsurance intermediary and capital adviser Aon Benfield, has assisted the World Bank in structuring the largest-ever catastrophe bond covering earthquake, which provides...
Nearly 75% of Organizations in 5 Countries Fail in Cyber Security Readiness: Hiscox
Feb 7 2018 // Major shortcomings exist in cyber security readiness for nearly three-quarters (73%) of more than 4,100 organizations in five countries, despite keen awareness of the threat, according to a study commissioned by specialist...
U.S. May Move to Regulate Virtual Currencies
Feb 7 2018 // U.S. regulators may ask Congress to pass legislation to improve oversight of virtual currencies like bitcoin amid concerns about the risks posed by the emerging asset class, the head of the Securities and Exchange...
Alabama Sues OxyContin Maker Purdue Pharma Over Opioid Epidemic
Feb 7 2018 // Alabama on Tuesday became the latest state to file a lawsuit accusing OxyContin maker Purdue Pharma LP of fueling the opioid epidemic by deceptively marketing prescription painkillers to generate billions of dollars in...
Railway Signals Turned Off For PTC Installation At Time of South Carolina Crash
Feb 7 2018 // Railway signals were out while crews installed a safety system that could have prevented the exact type of crash that killed two people in South Carolina when an Amtrak train was diverted to a side track and slammed...
Public Firms Now Face Question of When to Disclose Sexual Harassment Claims
Feb 6 2018 // The steep drop in the stock price of Wynn Resorts Ltd. following a report that chairman Steve Wynn subjected female staff to unwanted sexual advances offers an illustration of how such allegations may now be...
Latest Amtrak Crash Highlights Upcoming Rail Safety Deadline
Feb 6 2018 // Only about a quarter of U.S. railroad tracks that carry passenger trains have an anti-crash system that safety officials say could have prevented a fatal weekend crash, even though a year-end deadline to finish installing...
Worley Claims Services Acquires Audit Services Incorporated of Georgia
Feb 6 2018 // Worley Claims Services, LLC, a provider of claims services in North America, has acquired Audit Services Incorporated (ASI), a claim estimate writing and review supplier for the property and auto insurance markets based in...
Amtrak Blames CSX for Deadly South Carolina Crash
Feb 5 2018 // Amtrak blamed a freight rail operator for causing a crash on Sunday that killed two people and injured more than 100 others when one of its passenger trains was diverted onto a side track and slammed into a parked,...
Waymo-Uber Trial in California Highlights Tech Talent War
Feb 5 2018 // Should full frontal lobotomies be required of Silicon Valley engineers looking to change jobs? Uber Technologies Inc. has said with a touch of hyperbole that that’s what the future holds if Waymo wins its lawsuit...
U.S. Study Finds Little Evidence Cellphone Radiation Poses Health Risks
Feb 5 2018 // Male rats exposed to very high levels of the kind of radiation emitted by cellphones developed tumors in the tissues around their hearts, according to a draft report by U.S. government researchers on the potential health...
American Families Sue Chiquita Over Terrorist Group Killings in Colombia
Feb 5 2018 // The families of six Americans kidnapped and killed in Colombia during the 1990s by the terrorist organization known as FARC are seeking potentially tens of millions of dollars in damages from banana giant Chiquita Brands...
People
Feb 5 2018 // Boca Raton, Fla.-based Universal Insurance Services, LLC, a subsidiary of Vanbridge, LLC, has added Jamie Lorentz to the firm as an analyst for Corporate and Institutional Insurance. Lorentz joins Universal from...
CoreLogic: Harvey an Exception to a Relatively ‘Normal’ Hazard Activity Year
Feb 5 2018 // While natural weather hazard activity could be largely categorized as “normal” last year, regional exceptions occurred, notably: wildfires in California and hurricane activity in Texas and the...
Oklahoma’s Supreme Court Says Oil Company Can Be Sued After Worker Injury or Death
Feb 5 2018 // The Oklahoma Supreme Court has ruled that oil and natural gas companies can be sued when a worker is killed or injured on the job. The state’s highest court struck down a state workers’ compensation law that...
2017 Yields Highest Recorded Number of Announced Deals: MarshBerry
Feb 5 2018 // The number of announced U.S. insurance broker deals in 2017 was the highest in recorded history, at 536. This year also had the highest number of deals closed in the fourth quarter since 2012 (when the capital gain tax...
