Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
U.S. Safety Board to Detail Findings of Deadly New York Train Crash
Jul 26 2017 // The National Transportation Safety Board was scheduled to meet and detail a probe into a 2015 crash between a commuter train and an SUV that killed six people in the New York suburbs, a day after a U.S. official told The...
Illinois Insurance Agent Sentenced to 5 Years for Fraud Scheme
Jul 26 2017 // A Decatur, Ill., independent insurance agent has been sentenced to 63 months in federal prison for defrauding his clients, the U.S. Attorney’s Office for the Central District of Illinois reported. Chief U.S. District...
Surplus Lines Insurance Premium Up Nationwide
Jul 26 2017 // A mid-year compilation of excess and surplus (E&S) insurance premium amounts by the Surplus Lines Stamping Office of Texas (SLTX) shows a 6.6 percent increase in premium nationally compared with the same period last...
U.S. Risk Announces Acquisition of Strategic Insurance Underwriters
Jul 26 2017 // Dallas, TX, July 26, 2017—U.S. Risk Insurance Group, LLC, the nation’s fifth largest Property and Casualty wholesaler, announced today that it has acquired Strategic Insurance Underwriters, a specialist Trucking...
Marsh Names Layton Southeast Zone Leader
Jul 26 2017 // Marsh has named Lou Ann Layton as its Southeast Zone leader. In this role, Layton is responsible for client initiatives, new business, and talent development across the District of Columbia and eight states: Florida,...
Scientists: Sea Level Rise Accelerating Along Florida Coast
Jul 26 2017 // Clay Henderson has lived on the same block along the Indian River in New Smyrna Beach for 34 years. Living in a storm-prone state like Florida, you expect to see a river top its bank on occasion, but only in the past two...
Team Work Ready Execs Sentenced in Federal Workers’ Comp Fraud Scheme
Jul 25 2017 // Two officials with Team Work Ready (TWR), with chiropractic and physical therapy clinics in Texas and Louisiana, have been sentenced for defrauding the federal Office of Workers’ Compensation Programs and United...
U.S. Building Owners Reviewing Structural Materials After London Tower Blaze
Jul 25 2017 // U.S. building owners should review what materials their structures are built with following a deadly fire in London that showed how flames can quickly cover a high-rise, devouring it from the outside, fire experts said...
MetLife’s ‘Too Big to Fail’ Lawsuit on Agenda for U.S. Regulators
Jul 25 2017 // Heads of the U.S. financial regulatory agencies will meet behind closed doors this Friday to discuss MetLife Inc.’s lawsuit against them, according to a notice from Treasury, as the Trump administration wrestles with...
Brit Global Specialty Assumes Renewals for Legacy Catlin’s U.S. Yacht Business
Jul 24 2017 // Brit Global Specialty USA said it has reached an agreement for the exclusive renewal rights for part of XL Catlin’s directly written yacht portfolio. The agreement relates to legacy policies written by Catlin, prior...
Insurers Pummeled by Car Dealers’ Claims for Hail-Damaged Vehicles
Jul 24 2017 // A hailstorm that pounded down on a Subaru dealership in Plano, Texas, barely lasted 30 minutes, but left behind a trail of smashed windows, dented hoods and millions of dollars’ worth of claims for an insurer to...
Deutsche Bank ($77M), JPMorgan ($71M) to Settle Libor Claims in U.S.
Jul 24 2017 // Deutsche Bank AG and JPMorgan Chase & Co. have agreed to pay a combined $148 million to end private U.S. antitrust litigation claiming they conspired with other banks to manipulate the yen Libor and Euroyen Tibor...
Study: California Insureds Would Pay $1.9B More if Congress Passes Border Adjustment Tax
Jul 24 2017 // Californians would face $1.9 billion in higher insurance costs if Congress passes a border adjustment tax as part of federal tax reform, according to a study issued in mid-July by the R Street Institute and the Pacific...
People – West
Jul 24 2017 // Woodruff-Sawyer & Co. has named Stephen Glazier vice president and casualty loss control specialist. Glazier is based at Woodruff-Sawyer’s Denver, Colo., office. He will serve as a casualty loss control...
FBI Tracked Nearly 300K Cyberattacks in U.S. in 2016
Jul 24 2017 // The FBI’s Internet Crime Complaint Center (IC3) last year tracked nearly 300,000 cyberattacks in the United States and those attacks resulted in more than $1.6 billion in total losses. But apparently those numbers...
Markel Hires Ferguson to New York-Based U.S. Excess Casualty Team
Jul 21 2017 // Markel Global Insurance, a division of Markel Corporation, has hired John Ferguson as a director of its New York-based U.S. Excess Casualty team. In his new role, Ferguson serves as the retail construction practice lead...
Fired OSHA Whistleblower Claims Investigator Turns Whistleblower
Jul 21 2017 // A fired U.S. whistleblower investigator says his old employer didn’t take whistleblowers seriously enough. So he’s lodging a complaint — with the same ex-employer he claims doesn’t take...
Cyber Attack on Ukrainian Medical Facilities Sets ‘Dangerous’ Precedent: Experts
Jul 21 2017 // Dr. Lidiia Podkopaieva was about to click “send” on an order of new surgical instruments when her computer monitor suddenly went dark. She speed-dialed the clinic’s technician but didn’t even have...
Talanx Acquires Generali’s Colombian Businesses for €30M (US$34.6M)
Jul 20 2017 // Talanx has acquired Generali Colombia Seguros Generales S.A. and its life insurance subsidiary, Generali Colombia Vida Compañia de Seguros S.A., for approximately €30 million (US$34.6 million) Generali explained that...
Catastrophes Cost Insurers $22B in 1H 2017; Economic Losses Totaled $53B: Aon
Jul 20 2017 // Global insured losses from natural disasters during the first half of 2017 are estimated at US$22 billion with 76 percent of these losses generated by U.S. events, according to a report issued by Impact Forecasting, Aon...
