Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
NAIC Leader Says Insurer Systemic Risk Process Is Unnecessary
Jan 26 2017 // Although the Financial Stability Oversight Council created by the Dodd–Frank Wall Street Reform Act could serve an incredibly useful purpose, FSOC’s activities so far have been misguided, an insurance regulator...
Cat Bond Issuance in 2017 Could Approach Record Levels: Aon Report
Jan 25 2017 // Total catastrophe bond issuance for calendar year 2016 reached US$5.8 billion – a decrease from US$6.9 billion in 2015 – principally due to ongoing competitive re/insurance market conditions, according to an Aon...
H.W. Kaufman Financial Acquires Essential Insurance Services
Jan 25 2017 // Farmington Hills, Mich.-based H.W. Kaufman Financial Group has acquired Essential Insurance Services Inc., a Colorado-based provider of premium audit services, including general liability, worker’s compensation and...
U.S. Reports Auto Insurance Unaffordable for Millions; Insurers Call Report ‘Ill-Conceived and Unnecessary’
Jan 24 2017 // Nearly 19 million Americans live in areas where auto insurance is unaffordable including a large number in the New York region, according to a first-of-its kind study by the U.S. Treasury Department. The study, conducted...
Private Equity Returns Boost Travelers Q4 Profit
Jan 24 2017 // Travelers Cos., the only property/casualty insurer in the Dow Jones Industrial Average, said fourth-quarter profit jumped 8.9 percent as investment income improved and the company recorded a gain tied to the settlement of...
1/1 Renewals Saw Some Price Stabilization, Record Capital, Demand Uptick: JLT Re
Jan 24 2017 // The challenging operating environment confronting reinsurers has led to some price stabilization at the Jan. 1, 2017 renewals, as they face the reality of deteriorating results and margin compression, according to JLT Re...
Why Are Large-Scale Tornado Outbreaks Increasing in U.S.?
Jan 24 2017 // The frequency of large-scale tornado outbreaks is increasing in the United States, particularly when it comes to the most extreme events, according to research recently published in Science. The study by researchers...
U.S. Picks North Carolina Turnpike Authority to Assist With Testing Driverless Cars
Jan 24 2017 // The U.S. Department of Transportation recently designated the North Carolina Turnpike Authority to help with testing driverless cars. A statement from the N.C. Department of Transportation on Friday said the authority was...
Judge Nixes Aetna’s $37 Billion Purchase of Humana; Aetna Considers Appeal
Jan 23 2017 // Aetna Inc.’s $37 billion deal to buy rival insurer Humana Inc. was blocked by a federal judge, thwarting one of two large mergers that would reshape the U.S. health-care landscape. Aetna said it was considering an...
Trump Orders U.S. Exit from Pacific Trade Pact and Reset on NAFTA
Jan 23 2017 // President Donald Trump abruptly ended the decades-old U.S. tilt toward free trade by signing an executive order to withdraw from an Asia-Pacific accord that was never ratified and promising to renegotiate the North...
Crawford Names Tolson as CEO of U.S. Property/Casualty Group
Jan 23 2017 // Claims management firm Crawford & Co. has named Kenneth Tolson chief executive officer of its U.S. Property & Casualty group. Tolson will be responsible for the company’s U.S. field operations and catastrophe...
P/C Insurance Executives Express Cautious Optimism for 2017
Jan 23 2017 // A panel of financial experts discussed the opportunities and challenges they see ahead in 2017 at the Insurance Information Institute’s (III) 21st Annual Property and Casualty Insurance Joint Industry Forum, held...
U.S. Floods, Other Major Climate Events Rack Up $46 Billion in Cost, 138 Lives in 2016
Jan 23 2017 // During 2016, the United States experienced 15 weather and climate disasters with insured and uninsured losses exceeding $1 billion each across the United States. Overall, these events resulted in the deaths of 138 people...
U.S. to Study Sand From Bahamas to Protect Florida Coast
Jan 23 2017 // A potential solution to a troublesome sand shortage off Southeast Florida is tucked away in a massive water resources funding bill President Barack Obama signed into law last month. The 2016 Water Resources Development Act...
Report: Drug Wholesalers Fueled West Virginia’s Opioid Epidemic
Jan 23 2017 // Drug wholesalers shipped 780 million hydrocodone and oxycodone pills to West Virginia in just six years, a period when 1,728 people fatally overdosed on these two painkillers, according to an investigation by the...
Take a Strategic Approach to Agency Growth
Jan 23 2017 // An insurance agency executive’s control of commercial lines growth is classically limited to encouraging producers to write new accounts. That is good of course, but the organic growth experienced by most independent...
Targeting Growth with Hockey Pucks, Insureon CEO Seeks Constant Improvement
Jan 23 2017 // A major online provider of commercial insurance for small businesses in the United States keeps track of its growth milestones with hockey pucks. OK, that might be a bit of a stretch but Chicago-based Insureon definitely...
Targeting Growth with Hockey Pucks, Insureon CEO Seeks Constant Improvement
Jan 23 2017 // A major online provider of commercial insurance for small businesses in the United States keeps track of its growth milestones with hockey pucks. OK, that might be a bit of a stretch but Chicago-based Insureon definitely...
People
Jan 23 2017 // Ryan Specialty Group LLC has named Charlie Rosson senior vice president. Rosson is based in San Francisco, Calif. He will work to develop RSG penetration with brokers on a national basis. He has 23 years of experience in...
Targeting Growth with Hockey Pucks, Insureon CEO Seeks Constant Improvement
Jan 23 2017 // A major online provider of commercial insurance for small businesses in the United States keeps track of its growth milestones with hockey pucks. OK, that might be a bit of a stretch but Chicago-based Insureon definitely...
