Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Surplus Line Premium Increased by 6.4% Nationwide in 2017
Feb 19 2018 // All 15 surplus lines service offices across the United States experienced increases in excess and surplus lines insurance premium in 2017, the Surplus Lines Stamping Office of Texas reported. U.S. surplus line premium...
Satisfied Independent Agents Are Growth Engines for P/C Carriers: J.D. Power
Feb 19 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...
U.S. Judge Rules ‘Gig Economy’ Driver Is Independent Contractor
Feb 19 2018 // A U.S. judge in San Francisco earlier this month 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...
Surplus Line Premium Increased by 6.4% Nationwide in 2017
Feb 19 2018 // All 15 surplus lines service offices across the United States experienced increases in excess and surplus (E&S) lines insurance premium in 2017, the Surplus Lines Stamping Office of Texas (SLTX) reports. U.S. surplus...
Work-Related Deaths Decline in Louisiana
Feb 19 2018 // The number of work-related fatalities in Louisiana decreased in 2016, despite an uptick in work-related fatalities nationally that year, according to the Louisiana Workforce Commission. Citing the latest Bureau of Labor...
Motor Vehicle Deaths in U.S. Again Top 40,000
Feb 16 2018 // Motor vehicle accidents claimed 40,100 deaths in 2017, almost the same as in 2016 when 40,327 were reported. The National Safety Council says its preliminary 2017 estimate is six percent higher than the number of deaths in...
Allianz Reports 22% Drop in Q4 Profit but Still Plans Dividend Hike
Feb 16 2018 // A record year for natural-disaster insurance claims worldwide and a decline in fourth quarter profit wasn’t enough to stop Allianz SE from raising its dividend. Europe’s biggest insurer will increase the...
Siemens Joins 8 Industry Partners (Including Allianz) to Counter Cyber Attacks
Feb 16 2018 // Siemens AG is joining with companies including Airbus SE and IBM to try to counter large-scale hacking attacks that threaten to cost $8 trillion in damage over the next five years. The group signed a charter Friday at a...
U.S. Says Russia to Blame for Last June’s NotPetya Cyber Attack
Feb 16 2018 // The United States on Thursday publicly blamed Russia for carrying out the so-called NotPetya cyber attack last year that crippled government and business computers in Ukraine before spreading around the world. The...
18 States, Business Groups Oppose Coal Ash Cleanup Order at Tennessee Utility
Feb 16 2018 // Eighteen states, the U.S. Chamber of Commerce, national coal industry interests and more than a dozen other groups are urging an appeals court to overturn a coal ash cleanup order at a federal utility’s Tennessee...
Zurich’s Safi Joins Everest Insurance in Chicago as VP in U.S. Property Unit
Feb 15 2018 // Everest Re Group Ltd. announced Shaun Safi has joined the Everest Insurance U.S. Property team as vice president based in Chicago. Safi will oversee the retail property portfolio in the central region as well as the...
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...
