Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Bermuda’s Re/Insurance Model to Be Tested Following U.S. Tax Cuts: Fitch
Jan 26 2018 // The Bermuda re/insurance model will be tested following U.S. tax forms and the continuing challenges of competitive market conditions, according to a report by Fitch Ratings. The cut in the U.S. corporate tax rate to 21...
Cyber VC Firm, Advised by Ex-Intelligence Officials, Plans Europe M&As
Jan 26 2018 // A venture capital fund advised by former British and U.S. intelligence officials is planning a string of acquisitions to create a pan-European cyber security specialist. C5 Capital aims to create a regional managed...
Satisfied Independent Agents Are Growth Engines for P/C Carriers: J.D. Power
Jan 26 2018 // Despite the growth of both technology-based and direct-to-customer sales channels in the property/casualty (P/C) insurance industry, independent agents still control the lion’s share of P/C premiums and represent a...
2017’s Natural Hazards and the Destruction They Brought: CoreLogic
Jan 25 2018 // CoreLogic’s annual Natural Hazard Risk Summary and Analysis shows that 2017 was a year of relatively average activity for most U.S. natural hazards with the exception of wildfires in California and flooding from...
ACORD Names Maine’s The MEMIC Group Top Workers’ Comp Company in U.S.
Jan 25 2018 // The MEMIC Group, a Portland, Maine-headquartered workers’ compensation carrier, has been ranked the top workers’ compensation company in the U.S. by the Association for Cooperative Operations Research and...
Senate Committee Hopes to Restart Bill to Ease Entry of Driverless Cars
Jan 25 2018 // The chairman of the U.S. Senate Commerce Committee on Tuesday said he is pursuing different strategies to win approval this year of landmark self-driving car legislation that could make it easier for automakers to get...
Keeping Flood Insurance Above Water: Commentary
Jan 25 2018 // With the National Flood Insurance Program (NFIP) currently set to expire on February 8, and many communities still recovering from this summer’s hurricanes, it’s no surprise that the 21st Century Flood Reform...
P/C Insurers’ Bottom Line Should Benefit from Trump Tax Cut
Jan 25 2018 // Federal tax reform was a big topic of discussion at the Insurance Information Institute’s 2018 P/C Joint Industry Forum, with panelist Jay Gelb of Barclays Capital stating the recently passed tax law is going to be...
Oklahoma’s High Court: Oil Company Can Be Sued After Worker Injury or Death
Jan 24 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...
Insured Natural Disaster Losses in 2017 Were 38% of Economic Costs of $353B: Aon
Jan 24 2018 // Insured losses for last year’s 330 natural catastrophes reached US$134 billion, or 38 percent of their economic price tag of $353 billion, according to a report published by Impact Forecasting, Aon Benfield’s...
Lockton Promotes Goldstine to Lead U.S. Casualty Practice
Jan 24 2018 // Global broker Lockton has appointed Debbie Goldstine to executive vice president and U.S. casualty leader. In this expanded role, Goldstine will support Lockton clients and advise associates and clients on marketplace and...
New York City Sues Drug Companies Over Opioid Epidemic
Jan 24 2018 // New York City on Tuesday sued eight companies that make or distribute prescription opioids, blaming them for fueling a deadly epidemic afflicting the most populous U.S. city. Mayor Bill de Blasio said the lawsuit sought...
QBE Expects US$1.2B Loss in 2017 from ‘Unprecedented’ Natural Catastrophes
Jan 24 2018 // QBE announced to the market this week that it expects a US$1.2 billion after-tax loss in 2017 on “unprecedented” natural catastrophe claims. “This has been a challenging year for QBE, reflecting an...
Beazley Adds Post-Breach Services to Cyber Coverage for Small, Mid-Sized Policyholders
Jan 24 2018 // Beazley has further enhanced its Beazley Breach Response (BBR) coverage for small and mid-sized policyholders in the U.S. In conjunction with Lodestone Security, a specialist advisory firm and wholly owned subsidiary of...
In 2017, Labor Lawyers Raced to Settle Class Actions Before Trump Effect
Jan 24 2018 // While employers across the U.S. paid a record amount in settlements for workplace violations last year, don’t expect this to mark the beginning of a trend. Think of it more as the storm before the calm, as labor...
$19 Billion in Potential Losses from Cloud Services Failure Mostly Uninsured: Lloyd’s, AIR
Jan 23 2018 // A cyber problem that temporary shuts down a top U.S. cloud computing provider could trigger as much as $19 billion in business losses, only a fraction of which would be insured, Lloyd’s of London said in a report on...
SpaceX Lost Satellite on U.S. Mission Was Uninsured
Jan 23 2018 // U.S. taxpayers may end up paying for the missing satellite launched by Elon Musk’s Space Exploration Technologies Corp. that crashed into the ocean earlier this month, part of a classified U.S. government mission...
If They Try It, They’ll Like It: How Ridesharing, Autonomous Cars Will Win Over the Public
Jan 23 2018 // Five years ago, when she was still an insurance broker with Marsh, Kate Sampson called insurance underwriters at American International Group (AIG) and other insurers with a new concept. “I’m working with this...
Cyber Attacks on U.S. Power Grids Can Be Deterred With Password Changes
Jan 22 2018 // A key to preventing cyber attacks from crippling U.S. power grids could be changing passwords on internet routers, wifi-connected thermostats and smart lawn-sprinklers. “A significant share” of internet attacks...
McDonald’s, U.S. Labor Board Begin Talks to Settle ‘Joint Employment’ Trial
Jan 22 2018 // McDonald’s Corp and a U.S. labor board are in talks to settle a case claiming the fast food company is liable for purported labor law violations by its franchisees, leading a judge on Friday to pause a trial that...
