Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Lloyd’s Underwriters Find Success with U.S. Subsidiaries: SNL
Jul 7 2014 // Insurers Hiscox Ltd., Beazley Plc and Catlin Group Ltd. are reaping the benefits of the U.S. market, according to a report from SNL Financial. SNL data shows how the three companies with significant participation in the...
Aon Benfield June Global, U.S. Cat Report: Thunderstorms, Hail, Floods
Jul 7 2014 // The Global Catastrophe Recap report for June from Aon Benfield’s Impact Forecasting highlights the outbreak of severe thunderstorms that affected Western and Central Europe during the first half of the month, causing...
Arch Capital Makes Reinsurance Group Promotions; Management Changes
Jul 7 2014 // The Bermuda-based Arch Capital Group Ltd. (ACGL) has announced promotions in the reinsurance group “to support the recent expansion of the Company’s mortgage insurance and reinsurance operations.” Marc...
As America Overall Ages with Boomers, Energy States See Youth Boom
Jul 7 2014 // Seven states, including five in the Great Plains, saw their median age decline between 2012 and 2013, according to U.S. Census Bureau estimates. At the same time, the median age for the U.S. as a whole ticked up from 37. 5...
10 Things to Know About Earthquakes
Jul 7 2014 // The earth’s surface consists of 25 interlocking plates. —National Aeronautics and Space Administration The earth’s plates move at a rate of roughly 2 centimeters per year. —National Aeronautics and Space...
Disaster Mitigation: How Incentives Can Help
Jul 7 2014 // The frequency and cost of natural disasters in the United States has increased exponentially in the past two decades. The cost to property, life and the economy is pushing the issue to the top-of-minds for many in...
Climate Change Bottom-Line Talk Grows, S&P Director Says
Jul 7 2014 // Companies and governments worldwide are changing their behaviors and examining their risks in the face of climate change, a managing director for Standard & Poor’s said, holding up the insurance industry as a...
P/C Insurers’ Profit Dipped in Q1
Jul 6 2014 // Private U.S. property/casualty insurers’ net income after taxes fell to $13.8 billion in first-quarter 2014 from $14.3 billion in first-quarter 2013. Insurers’ pretax operating income – the sum of net...
Climate-Driven Firefighting in West Takes Cash From Prevention Budgets
Jul 3 2014 // Wildfires blamed in part on climate change are consuming timber in the U.S. West at such a furious pace that half the Forest Service’s budget is now spent fighting them — up from 21 percent in 2000. Add in the...
Catholic Broadcaster Wins Birth Control Benefit Reprieve After Hobby Lobby Ruling
Jul 3 2014 // Citing a U.S. Supreme Court opinion issued Monday, a federal appeals court temporarily barred the federal government from forcing an Alabama-based Catholic broadcasting network to comply with a law requiring them to cover...
Progressive Boosts Ad Spending But GEICO Still #1: SNL
Jul 3 2014 // Progressive Corp. boosted its advertising spending by nearly $70 million year over year to $595.4 million in 2013, the largest aggregate dollar increase among all U.S. property/casualty insurers, according to an analysis...
How Insurers Would Wind Down If Needed to Avoid Future Bailout
Jul 3 2014 // American International Group Inc. and Prudential Financial Inc. told regulators they could divest units and halt policy sales to avoid taking a bailout in a future crisis. AIG, the insurer that repaid a U.S. rescue in...
Small Firms Fear Gap in Trade Finance If Export Import Bank Closed
Jul 3 2014 // Private sector trade finance has not fully recovered from its financial-crisis collapse, and it is not clear it could fill the gap if the U.S. state-run export lender closes. Conservative U.S. lawmakers are clamoring to...
Painkiller Prescribing Varies By State, Highest in South; Florida Reverses Trend: CDC
Jul 2 2014 // Health care providers in some states prescribe far more painkillers than those in other states, according to a new government report. Health care providers wrote 259 million prescriptions for opioid painkillers in 2012 –...
Markel Now Underwriting Trade Credit Insurance in U.S.
Jul 2 2014 // Markel Corp. is now underwriting trade credit insurance in its New York office. Policies will be underwritten on an admitted basis, utilizing two Markel insurance companies, Markel American Insurance Co. and Markel...
Klisura to Lead New Marsh Global Placement Team; Lang to Head U.S. Placement
Jul 2 2014 // Insurance broker Marsh has named Dean Klisura as head of the firm’s newly created Global Placement organization. Klisura will oversee all of Marsh’s insurance placement activities, including wholesale, retail,...
Supreme Court to Decide UPS Workplace Pregnancy Accommodation Dispute
Jul 2 2014 // The U.S. Supreme Court will use a case involving United Parcel Service Inc. to decide whether pregnant employees can be denied accommodations such as light duty when other workers with disabilities receive them. The court...
Export-Import Bank Could Be Reformed Rather Than Closed
Jul 2 2014 // The U.S. Export-Import Bank, derided by conservative critics as an expensive boondoggle, may win a reprieve from what looked like almost certain death in Congress if enough Republicans can be persuaded to let it live on,...
Brokers Say Reinsurance Prices under Pressure at Mid-year Renewals
Jul 2 2014 // Reinsurance prices fell by as much as 25 percent in key markets mid-year as pension funds poured in money and demand for cover from insurance companies remained subdued, brokers said on Tuesday. Reinsurers have been...
Cybersecurity Analysts Stress Need for Data Sharing by Companies
Jul 2 2014 // In an 11-story office building in the Washington suburbs, hundreds of U.S. cybersecurity analysts work around the clock to foil hackers. Possible breaches of government networks show up as red flashes on screens that line...
