Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Iowa’s Grassley in ‘Violent Opposition’ to Withdrawal of Rule Protecting Animal Farmers
Oct 20 2017 // The Trump administration’s decision to kill a rule designed to protect the rights of farmers who raise chickens, cows and hogs for the United States’ largest meat processors has infuriated farmer advocates,...
Zurich’s Mulligan to Lead Aon Benfield’s U.S. Cyber Practice Group
Oct 20 2017 // Reinsurance intermediary Aon Benfield has appointed Catherine Mulligan as managing director and U.S. Cyber Practice Group leader. Mulligan brings underwriting, policy form and product knowledge to Aon’s cyber...
Swiss Re Estimates $3.6B in Claims from U.S. Hurricanes & Mexican Quakes
Oct 20 2017 // Swiss Re, the world’s second-largest reinsurer, estimated its claims burden from hurricanes Harvey, Irma and Maria in the United States and from two earthquakes in Mexico at roughly $3.6 billion in the third...
U.S. Consumer Bureau Offers Rules for Financial Data Collection
Oct 20 2017 // The U.S. Consumer Financial Protection Bureau is turning its attention to companies that collect consumer financial information to provide services and products. The regulator laid out a series of principles on Wednesday...
GM to Pay States $120 Million to Settle Ignition Switch Claims
Oct 20 2017 // General Motors Co. has agreed to pay $120 million to resolve claims from 49 U.S. states and the District of Columbia over faulty ignition switches, state attorneys general and the company said on Thursday. The largest U.S....
In ‘Energy City’ USA, Hurricane Harvey’s Fury Lingers
Oct 19 2017 // It took five weeks for the largest U.S. oil refinery to get back to normal after Hurricane Harvey. It’s taking Port Arthur, Texas, a lot longer. Nearly two months after Harvey inundated Port Arthur, a crucial hub of...
Zurich Estimates Claims of US$700M from Hurricanes Harvey, Irma & Maria
Oct 19 2017 // Zurich Insurance Group estimates that Hurricanes Harvey, Irma and Maria will aggregate claims in the third quarter of approximately US$700 million, net of reinsurance and before tax. After tax, the losses are expected to...
U.S. Healthcare Sector Plagued by Cyber Breaches Caused by Human Error: Beazley
Oct 19 2017 // Whether it is an email sent to the wrong recipient, discharge instructions given to the wrong patient, or a server containing protected health information (PHI) accidentally left open to the public, healthcare entities...
Compensation for London’s Grenfell Fire Victims May Be Capped at $5M: Reuters
Oct 18 2017 // The bill for compensating families of those who died in the Grenfell Tower fire in London may be as low as 4 million pounds ($5 million), according to several lawyers and a Reuters analysis of how damages laws apply in...
Experts: Forget Government, Companies Must Step up to Combat Cyber Threats
Oct 17 2017 // Don’t rely on the U.S. government to protect your business from cyber threats. That was the consensus among experts speaking about cyber programs at a risk management conference on Tuesday. “The U.S. government...
U.S. Homeowners’ Premiums Grow Despite Insurers’ Decreasing Return on Equity: Aon Benfield
Oct 17 2017 // When this year’s results are tallied, direct U.S. homeowners’ insurance premiums will have continued to grow, despite a decreasing return on equity for insurers. According to Aon Benfield’s annual...
Gulf of Mexico Oil Spill Stirs Comparison to BP Disaster
Oct 17 2017 // An oil spill in the Gulf of Mexico last week may be the largest in the U.S. since the 2010 blowout at BP Plc’s Macondo well that sank the Deepwater Horizon rig. The Delta House floating production facility about 40...
Supreme Court to Rule on Email Privacy and Government’s Access to Servers
Oct 16 2017 // The U.S. Supreme Court on Monday agreed to resolve a major privacy dispute between the Justice Department and Microsoft Corp. over whether prosecutors should get access to emails stored on company servers overseas. The...
Hiscox Re Offers Private Label Flood Insurance Endorsement for U.S. Insurers
Oct 16 2017 // Bermuda-based reinsurer Hiscox Re, along with insurance linked securities investors (ILS), has launched a flood insurance product for personal lines insurers to sell in the U.S. The turnkey flood insurance product, named...
S&P No Longer Expects Global Re Rate Drops at Jan. 1
Oct 16 2017 // A trio of third-quarter hurricanes and continued catastrophe losses impacting insurers and reinsurers will have a greater impact on reinsurers—and may potentially fuel reinsurance rate hikes at the Jan. 1, 2018 renewal...
Q3 Catastrophe Losses Will Bring Rate Hikes by London Market Insurers: Fitch
Oct 16 2017 // Catastrophe losses from the recent U.S. hurricanes and Mexican earthquakes will lead to price rises on London market insurers’ loss-affected lines and could also affect wider market pricing trends, according to Fitch...
Liberty Mutual Insurance Tailors Policy for Tesla Electric Car Drivers in U.S.
Oct 16 2017 // Tesla Inc. is partnering with Liberty Mutual Insurance Co. to offer an auto-insurance plan designed specifically for its electric cars in the U.S. The plan made available to U.S. customers starting Friday is similar to...
Getting Highly Automated Vehicles on the Road
Oct 16 2017 // A number of current vehicle safety standards are blocking the development of the more sophisticated self-driving cars and trucks. The National Highway Traffic Safety Administration promulgates Federal Motor Vehicle Safety...
The Complicated Risk Exposures of Property Managers and Investors
Oct 16 2017 // What you hear on the radio and TV about “flipping,” renting, or managing residential or commercial properties and reality are two different worlds. The lives of property managers and real estate investors are...
Trump Defends Killing Off Obamacare Subsidies; 18 States Sue in Uphill Battle
Oct 15 2017 // Eighteen U.S. states sued President Donald Trump’s administration on Friday to stop him from scrapping a key component of Obamacare, subsidies to insurers that help millions of low-income people pay medical expenses,...
