Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Better Data, Models Expand Private Flood Insurance Opportunities: Actuaries
Apr 20 2017 // As Congress considers reauthorization of the National Flood Insurance Program (NFIP), it should take into account specific insurance market, technological advances and other developments in weighing its options, according...
Florida’s New Tactic to Fight Zika: Release of 20K Bacteria-Infected Mosquitoes
Apr 20 2017 // Thousands of bacteria-infected mosquitoes were released in the wild Tuesday near Key West, testing a new way to kill mosquitoes that carry Zika and other viruses. The Florida Keys Mosquito Control District released 20,000...
Calexit Supporters End 2018 Bid for California Independence
Apr 19 2017 // Supporters of a long-shot bid to make California an independent nation have ended their effort to put it to a statewide vote next year, despite the extra interest it drew after last year’s election of Republican...
Insured Damage for Southern Ontario Windstorm Estimated at US$73.4M
Apr 19 2017 // A windstorm that hit parts of southern Ontario on March 8, 2017 has caused almost C$100 million (US$73.4 million) in insured damage, according to the Insurance Bureau of Canada (IBC), which quoted a report from Catastrophe...
Insurers Push to Keep Industry Expert Woodall on U.S. Regulatory Council
Apr 19 2017 // With no sign of a replacement in the works, the U.S. insurance industry is pushing to prevent the departure of a key figure on the federal body that determines how large insurance companies are regulated. Roy Woodall, the...
U.S. Supreme Court Rejects Appeal by Florida Floating Home Owner
Apr 19 2017 // The U.S. Supreme Court on Monday rejected a Florida man’s latest appeal in a landmark case involving the seizure and destruction of his floating home. The justices denied without comment Fane Lozman’s petition...
UnitedHealth Prices 2018 Insurance Plans to Include Obamacare Tax
Apr 18 2017 // UnitedHealth Group Inc. reported stronger-than-expected quarterly results on Tuesday and said it was coping with uncertainty in U.S. healthcare laws by pricing its 2018 insurance plans to include a costly Obamacare...
FGL Pulls $1.6B Deal with China’s Anbang; Other Suitors Interested
Apr 18 2017 // Fidelity & Guaranty Life terminated its $1.6 billion agreement to be purchased by China’s Anbang Insurance Group Co. and said it will weigh other possible deals. FGL’s board “is continuing to evaluate...
Houston Manufacturer to Pay $150K to Settle Discrimination, Retaliation Suit
Apr 18 2017 // A Houston manufacturing facility has agreed to pay $150,000 and to provide other significant relief to settle a religious discrimination and retaliation lawsuit brought by the U.S. Equal Employment Opportunity Commission...
China’s Ant Financial Raises Bid for Fintech Firm, MoneyGram, by 36%
Apr 17 2017 // China’s Ant Financial has sweetened its bid for MoneyGram International Inc by 36 percent, beating a rival offer to gain approval from the U.S. electronic payment firm’s board, although it still faces...
China’s Anbang to Abandon Attempt to Buy FGL: Sources
Apr 17 2017 // China’s Anbang Insurance Group will let its agreement to acquire U.S. annuities and life insurer Fidelity & Guaranty Life (FGL) for $1.6 billion lapse, after failing to secure all the necessary regulatory...
Direct to Consumer Genetic Testing: Risks and Opportunities
Apr 14 2017 // Accurate genetic testing stands to transform modern medicine by offering effective, personalized treatment. Last week, the U.S. Food and Drug Administration (FDA) authorized marketing of the first direct-to-consumer (DTC)...
1 Killed in Explosion at Army Ammunition Plant in Missouri
Apr 13 2017 // An explosion on April 11 at a sprawling ammunition plant near Kansas City, Missouri, killed one worker and injured four others, the U.S. Army said. The blast at the Lake City Army Ammunition Plant in Independence, just...
Markel Names Mozingo to Grow Global Business with U.S. Brokers
Apr 13 2017 // Markel Corporation reported thatGlenn Mozingohas been named managing director, Global Insurance Business Development, and corporate account executive. In this new role, Mozingo will serve as a key point of contact for...
U.S. Regulators Say Students at Risk in Baltimore School Buses
Apr 13 2017 // The U.S. National Transportation Safety Board is urgently recommending an independent audit of the Baltimore schools’ transportation department, saying students remain at risk after a crash that killed six...
Insured Losses for Europe’s Storm Zeus Estimated at US$200M: PERILS
Apr 13 2017 // The initial estimate of insured property market losses for extratropical cyclone Zeus, which mainly hit France on March 6-7, is €192 million (US$200 million), according to PERILS, the independent Zurich-based...
Zurich Buys Australia’s Largest Travel Insurer, Cover-More, for US$551M
Apr 13 2017 // Zurich Insurance Group has successfully acquired Cover-More Group Ltd., a leading travel insurance and assistance solutions provider based in Sydney with a strong market position in Australia, India and the U.S. This...
United Passenger’s Lawyers Preparing to Drag Airline Into Court
Apr 13 2017 // Lawyers for the passenger dragged from a United Airlines plane in Chicago filed an emergency request with an Illinois state court on Wednesday to require the carrier to preserve video recordings and other evidence related...
Goldman Sachs Loses Bid to Limit Class Action Alleging Gender Discrimination
Apr 13 2017 // A federal judge on Wednesday rejected Goldman Sachs Group Inc.’s bid to dismiss two of the four female plaintiffs in a proposed class-action lawsuit accusing the bank of discriminating against women in pay and...
Third Point Re Names Berkshire Hathaway’s Govrin to U.S. Underwriting Post
Apr 12 2017 // David Govrin has been appointed to the position of executive vice president of underwriting for Third Point Reinsurance (USA) Ltd. Govrin brings 25 years of experience in the insurance industry to his new role. Prior to...
