Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Caution: Millions of U.S. Drivers Are Angry, Aggressive or Enraged!
Jul 15 2016 // Nearly 80 percent of drivers expressed significant anger, aggression or road rage behind the wheel at least once in the past year, according to a new study by the AAA Foundation for Traffic Safety. The most alarming...
Growth Partners: Equity Firm Kohlberg Invests in Wholesaler U.S. Risk
Jul 14 2016 // Dallas-based international specialty lines underwriting manager and wholesale broker U.S. Risk Insurance Group Inc. has agreed to partner with the private equity firm, Kohlberg & Co. With capital and two board members...
Court Removes GM Bankruptcy Shield on Ignition Switch Claims
Jul 14 2016 // General Motors’ 2009 bankruptcy does not shield it from lawsuits over a deadly ignition-switch defect that led to criminal charges against the automaker and prompted the recall of 2.6 million vehicles in 2014, a...
Bermuda Insurance Industry Expected to Grow by 10.3% Annually Until 2019
Jul 14 2016 // The Bermuda insurance industry is projected to grow at a steady pace as a result of new regulations and consistent growth in external business, such as offshore and captive, according to a new report published by...
Climate Change Exposes U.S. Infrastructure to Natural Hazards, Rand Corp. Says
Jul 14 2016 // Editor’s note: This is the first of a two-part column. A follow up column will focus on how catastrophe modelers are being asked to create products that take into account potential climate change impacts. A report...
BHSI Launches Insurance Products for Directors & Officers in Asia
Jul 13 2016 // Berkshire Hathaway Specialty Insurance Co. (BHSI) is expanding its executive & professional lines capabilities in Asia with the introduction of Executive First™ Public Offering of Securities Insurance (POSI) and...
Storms & Earthquakes Drive Up Insured Losses in 1H 2016: Munich Re
Jul 13 2016 // Economic losses caused by natural catastrophes in the first half of 2016 totaled US$70 billion, a significant increase from the $59 billion reported for the first half of last year, according to a loss review issued by...
AIG’s Alexandru Joins Aspen to Head New U.S. Crisis Management Line with Product Recall
Jul 12 2016 // Aspen Insurance announced the appointment of Nicky Alexandru as head of U.S. Crisis Management. Alexandru will develop a U.S. product contamination/recall capability, which will be a new Crisis Management line of business...
U.S. Warned to Expect More Superbug Cases in Coming Months
Jul 12 2016 // After two confirmed U.S. cases of a superbug that thwarts a last-resort antibiotic, infectious disease experts say they expect more cases in coming months because the bacterial gene behind it is likely far more widespread...
A Financial Army Moves in When a Police Officer Is Killed
Jul 11 2016 // As America absorbed the news of five murdered Dallas police officers, Frederick Frazier grimly signed $2,000 checks, one after another. They were for the families of the slain. “So many people are calling and want to...
Correction: Obama Nominates Additional Directors But Producer Registry NARAB Still Falls Short
Jul 11 2016 // Correction: The original version of this article omitted two of President Obama’s nominees, Colorado Insurance Commissioner Marguerite Salazar and Susan Louise Castaneda of The Hartford. Insurance Journal regrets the...
People – East
Jul 11 2016 // The New York State Senate has confirmed Governor Andrew Cuomo’s pick to become the state’s top financial regulator. The confirmation vote for Maria Vullo, Cuomo’s nominee for superintendent of the New...
People – Midwest
Jul 11 2016 // Wholesale insurance broker Burns & Wilcox added Mary Mullen as personal insurance manager in its Chicago office. Mullen, who most recently served as vice president, regional operations officer at Willis Towers Watson,...
Information-Heavy Healthcare a Huge Target for Cyber Crime
Jul 11 2016 // Healthcare organizations contain a wealth of personal information, making them them the number one target for cyber breaches, according to a Houston-based attorney who specializes in healthcare privacy. Lynn Sessions, a...
Economic Cost of Pandemics
Jul 11 2016 // A pandemic influenza outbreak in the United States could have economic costs nearly double the total amounts experts have previously calculated, depending on how the public, government and businesses respond to an...
Disaster Response: Pandemic Insurance to the Rescue
Jul 11 2016 // The shoe may eventually be placed on the other foot for the United States. This nation has a long-standing tradition of innovating products and ideas – particularly insurance products – and then exporting them to other...
Statistical Models for Zika Risk Management
Jul 11 2016 // The Pan American Health Organization first confirmed Zika virus infections in Brazil in May 2015. It took nine months for the World Health Organization (WHO) to declare an international public health emergency. It was then...
Alpha Natural Resources Reaches Deal with U.S. to Exit Bankruptcy, Clean-Up Mines
Jul 8 2016 // The U.S. government agreed to a mine clean-up deal that allows coal producer Alpha Natural Resources to exit bankruptcy, despite concerns that Alpha will be unable to fund $400 million in commitments, a government lawyer...
Global Flood Events Rack Up $5B in Economic Costs in June: Aon Report
Jul 8 2016 // Major floods across the globe during June – topped by events in China and the U.S. – are expected to bring economic costs in excess of US$5.0 billion, according to Impact Forecasting, Aon Benfield’s catastrophe...
Jail Sentences Upheld for Iowa Egg Execs in Salmonella Case
Jul 7 2016 // A federal appeals court has upheld jail sentences for two egg industry executives whose Iowa-based company caused a nationwide salmonella outbreak in 2010. In a long-awaited decision, the 8th U.S. Circuit Court of Appeals...
