Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
How P/C Insurers Fared in 2016
May 9 2017 // Private U.S. property/casualty insurers lost big in 2016, reporting a $4.7 billion net underwriting loss driven, in part, by significantly higher catastrophe-related property losses, according to ISO and the Property...
Sterling Jewelers Settles EEOC Gender Bias Claims But Class Action Still Possible
May 9 2017 // Sterling Jewelers Inc. has settled claims by a U.S. agency that it discriminated against female employees in pay and promotions, but the deal will not affect a similar case brought on behalf of nearly 70,000 women who...
Australia’s Cyclone Debbie Estimated to Cost Insurers US$825.7M: PERILS
May 9 2017 // The initial estimate of insured property market losses for Cyclone Debbie is A$1.12 billion (US$825.7 million), according to PERILS, the independent Zurich-based organization providing industry-wide catastrophe insurance...
Berkshire’s Buffett Says Republican Health Plan Is Tax Cut for Wealthy
May 8 2017 // Berkshire Hathaway Inc. Chairman Warren Buffett on Saturday fumed that healthcare costs are eating away at the U.S. economy like “tapeworm” and said the Republican approach to overhaul Obamacare is a tax cut...
Oklahoma Earthquake Risk: What a Difference Year Makes
May 8 2017 // This post is part of a series sponsored by CoreLogic. For nearly the past decade, the growing number of earthquakes in Oklahoma has gained widespread attention. As described in the CoreLogic® Insights Blog Earthquake...
Regulators Link Hoverboard to Deadly Pennsylvania Fire
May 5 2017 // Federal safety regulators believe a hoverboard is to blame for a fire that killed two girls in Pennsylvania. The girls, ages 10 and 3, were killed March 10 in Harrisburg. They are believed to be the first in the U.S. to...
Jury Clears J&J, Bayer of Liability in First Xarelto Product Liability Trial
May 5 2017 // Johnson & Johnson and Bayer AG aren’t responsible for a Xarelto user’s internal bleeding, a jury found in the first trial over the blood-thinning drug. J&J and Bayer didn’t mislead a Louisiana man...
Study Warns of Rising Risk to Mobile Homes from Tornadoes
May 5 2017 // Tornadoes and mobile homes don’t mix to begin with, but throw in the volatility of climate change and the potential for massive property damage and deaths is even higher in coming decades, indicates a new study by...
Full-Fledged El Nino Increasingly Likely in Second Half 2017
May 5 2017 // El Nino conditions are developing across the Pacific with an increasing probability that a full-fledged El Nino episode will occur during the second half of 2017. Pacific equatorial winds have slackened since the start of...
U.S. Wants More Time to Review MetLife Systemic Risk Tag
May 5 2017 // The U.S. government on Thursday requested a 60-day pause in a case involving MetLife Inc,. the country’s largest life insurer, and how regulators designate certain companies as “too big to fail,” a major...
Facebook, Twitter, Google Sued by Families of San Bernardino Shooting Victims
May 4 2017 // Family members of three victims of the December 2015 shooting rampage in San Bernardino, California, have sued Facebook, Google and Twitter, claiming that the companies permitted Islamic State to flourish on social...
Storm Losses Lower Liberty Mutual Profit in Q1
May 4 2017 // Liberty Mutual Holding Company Inc. reported net income of $351 million for the three months ended March 31, 2017, a $42 million or 10.7 percent decline from the same period in 2016. Net written premiums in the quarter...
Zika Outbreak in U.S. Would Cost from $180 Million to $10 Billion: Research
May 4 2017 // Even a relatively mild Zika outbreak in the United States could cost more than $183 million in medical costs and productivity losses, while a more severe one could result in $1.2 billion or more in medical costs and...
Canadian P/C Insurer Intact Financial to Acquire OneBeacon for $1.7 Billion
May 3 2017 // Canada’s largest property/casualty insurer, Intact Financial Corp., has agreed to acquire U.S. specialty insurer OneBeacon from White Mountains Insurance Group for US$1.7 billion. The merger will create a North...
Liberty Mutual Completes Ironshore Acquisition; Will Use Ironshore Brand for U.S. Specialty Business
May 2 2017 // Liberty Mutual Insurance has completed its acquisition of specialty insurer Ironshore Inc., creating a global specialty business with approximately $6.5 billion in net written premium. Liberty Mutual announced last...
Federal Regulators Plan ‘Too Big to Fail’ Meeting
May 2 2017 // The heads of the U.S. financial regulators will meet next week to dive into the sensitive process of labeling companies “systemically important,” better known as “too big to fail.” The Financial...
Supreme Court Issues Mixed Rulings on Municipal Suits Over Predatory Lending
May 2 2017 // The U.S. Supreme Court on Monday ruled that cities may sue banks over predatory mortgage lending to minorities that harms municipal finances, but cast doubt on whether such cases can succeed by throwing out a lower court...
Cat Bond Issuance Saw Robust Start to 2017: Aon Benfield
May 1 2017 // Catastrophe bond issuance made a robust start during the first quarter of 2017 with seven catastrophe bond transactions that totaled US$2.17 billion, according to a report from Aon Securities, the re/insurance investment...
Spending Deal Keeping Government Open Undermines Trump’s Wish List
May 1 2017 // U.S. House and Senate negotiators reached a bipartisan deal on a $1.1 trillion spending bill that largely tracks with Democratic priorities and rejects most of President Donald Trump’s wish list, including money to...
Virginia Tech Scientists: BP Oil Spill Caused $17.2B in Natural Resource Damage
May 1 2017 // The 2010 BP Deepwater Horizon oil spill did $17.2 billion in damage to the natural resources in the Gulf of Mexico, a team of scientists recently found after a six-year study of the impact of the largest oil spill in U.S....
