Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Everest Launches Cyber Protection for Private Equity Firms, Portfolio Companies
May 10 2017 // Everest Insurance has collaborated with cybersecurity firm, Soteria, LLC, and its group of former U.S. government cyber security experts, in conjunction with the launch of its new Elevation Private Equity Insurance...
AXA Plans IPO of Minority Stake of U.S. Businesses to Free Up Capital
May 10 2017 // AXA Chief Executive Thomas Buberl plans to overhaul the group’s U.S. operations, proposing to float its American life insurance and asset management businesses in 2018 in order to free up capital and pursue takeover...
High-Profile Cyber Attacks Drive Growth of Cyber Crime Insurance
May 10 2017 // For companies and organizations, an attack by hackers can inflict financial losses, corporate embarrassment and legal action. For insurers jumping into the brave new world of cyber crime insurance, it’s free...
U.S. Weather Remains Biggest Driver of Global Insurance Losses in 2017: Aon
May 10 2017 // Severe weather in the U.S. remains the largest contributor to global insurance losses in 2017 after April continued the trend with multi-billion dollar losses for public and private insurers, according to Impact...
Greenberg’s Starr to Appeal AIG Bailout Case to Supreme Court
May 10 2017 // A federal appeals court threw out a ruling that the U.S. government illegally bailed out insurer American International Group Inc. during the 2008 financial crisis, in a defeat for former chief executive officer Maurice...
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...
