Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
U.S. Drone Rules Face Further Delay Over Security, Deregulation Issues
Feb 1 2017 // A long-awaited framework for allowing drone flights over people — a key step in the growth of the industry — has been put on hold because of security concerns, prompting fears that the standards will get caught...
Pending Supreme Court Cases Trump’s Nominee Gorsuch Could Affect
Feb 1 2017 // President Donald Trump’s nominee to the U.S. Supreme Court could have an immediate impact on cases already pending before the justices. Trump last night nominated Neil Gorsuch, a judge on the Denver-based 10th U.S....
New Tsunami Warning System Could Add Vital Minutes of Warning for Indonesia
Feb 1 2017 // Indonesia’s tsunami detection system, made up of seafloor sensors that communicate with transmitting buoys on the surface, has been rendered useless by vandals and lack of funding. Now Indonesian and U.S. scientists...
Trump Advisor Says U.S. Will Change Climate Policy, Pull Out of Paris Agreement
Jan 31 2017 // The United States will switch course on climate change and pull out of a global pact to cut emissions, said Myron Ebell, who headed U.S. President Donald Trump’s Environmental Protection Agency (EPA) transition team...
Cat Simulations Test London Insurers’ Vulnerabilities to Next ‘Big One’
Jan 31 2017 // A major $200 billion loss from a combination of a cyber attack, U.S. hurricane and the failure of a reinsurer could strip insurers of up to 120 percent of their net capital base, tests of insurers in London...
AXA UK’s Travel Insurance Will Cover People Denied Access to US
Jan 30 2017 // The UK division of French insurer AXA said its travel policies would cover those denied access to the United States due to a U.S. travel ban on people from seven Muslim-majority countries. An executive order by U.S....
P/C Insurers Enroute to Posting Underwriting Loss for 2016: A.M. Best
Jan 30 2017 // The U.S. property/casualty industry will likely post a small underwriting loss for 2016 after three previous years of underwriting profits, A.M. Best said in a new report. A.M. Best’s report appears in line with a...
Munich Re America Names Mozeika to New Insurtech Post
Jan 30 2017 // Munich Reinsurance America has created a new strategic position in its Reinsurance Division to help clients seize opportunities resulting from the rapidly developing field of insurtech. Robert Mozeika will assume the new...
New Jersey Transit Rail-Crew Hours Draw Scrutiny Over Safety Limit
Jan 27 2017 // New Jersey Transit faces a widening examination of its safety practices after federal regulators discovered hundreds of potential work-hour violations, including altered duty logs and shifts longer than permitted. Federal...
Charles Taylor Adjusting Appoints Cole as Massachusetts-Based U.S. CEO
Jan 27 2017 // Charles Taylor Adjusting (CTA), an international loss adjusting business focused on commercial losses and claims, has appointed Vince Cole as U.S. CEO and regional head. Based in Boston, Mass., he will be responsible for...
U.S. P/C Insurance Earnings Picture ‘Isn’t Too Pretty,’ Says S&P
Jan 27 2017 // This year will be a turning point for the U.S. property/casualty (P/C) insurance sector, as rising claims outpace pricing and reserve releases materially decrease, but it will not be a “softer for longer” rate...
UK Regulator Calls for New Regime Providing Open Access to Global Markets
Jan 26 2017 // Banks, insurers and traders that comply with reinforced global financial sector rules should be allowed to operate unhindered across the world to spur economic growth and trade, a top British regulator said on...
Extreme Solar Blackouts May Cost U.S. More Than $40 Billion Daily
Jan 26 2017 // The daily U.S. economic cost from solar storm-induced electricity blackouts could be in the tens of billions of dollars, with more than half the loss from indirect costs outside the blackout zone, according to a new study...
U.S. Agency, Industry Working on New Safety Standards for Lithium-Ion Batteries
Jan 26 2017 // Safety standards for lithium-ion batteries need to be modernized following a massive recall of Samsung Electronics Co. Ltd phones after faulty batteries caused fires, a U.S. government agency said on...
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...
