Latest USA Headlines

All the headlines from our USA Topic Page, ordered by recency.

Markets/Coverages: Beazley Updates Primary U.S. Public D&O Offering

Apr 3 2023 // Specialist insurer Beazley has announced a refreshed Primary U.S. Public D&O wording, available both in the London Market and on a Surplus Lines basis in the U.S. Beazley said it has taken the step to simplify their...

U.S. Commercial Rates Increased in Q4 — But at Slower Pace: WTW

Apr 3 2023 // U.S. commercial insurance prices grew in the fourth quarter of 2022 by an average of 4.8%, down from the rate of 5.2% in the previous quarter (Q3 2022), according to WTW’s most recent Commercial Lines Insurance...

Less Than Half of US Workers Use All Their Vacation Days

Mar 31 2023 // Spring break is here, and summer vacations are just around the bend. But while increasingly stressed-out US workers say having paid time off is critical, many still don’t even take all that they’re...

Near $27B Underwriting Loss in 2022 Largest for U.S. P/C Insurers Since 2011

Mar 30 2023 // Key financial results for private U.S. property/casualty insurers significantly worsened in 2022 from a year earlier, according to preliminary results from global analytics provider Verisk and the American Property...

At Least 50 U.S. Government Employees Hit With Spyware, Prompting New Rules

Mar 29 2023 // At least 50 U.S. government staffers stationed in 10 countries were targeted with commercial hacking tools, commonly known as spyware, according to a senior administration official, highlighting the growing threat caused...

Hyundai, Kia Warn 570,000 US Owners to Park Outside Due to Fire Risk

Mar 27 2023 // Hyundai and Kia are recalling just over 570,000 U.S. vehicles over fire risks and urged owners to park outside and away until getting repairs. The automakers said some vehicles with a tow hitch harness could catch fire due...

China Detains Staff, Raids Office of U.S. Due Diligence Firm Mintz Group

Mar 24 2023 // Chinese authorities raided the office of U.S. corporate due diligence firm Mintz Group in Beijing and detained five local staff, the company said, putting foreign companies in China on alert just as the country hosts an...

TikTok Attacked for China Ties as US Lawmakers Push for Ban

Mar 24 2023 // U.S. lawmakers on Thursday battered TikTok’s chief executive about potential Chinese influence over the platform and said its short videos were damaging children’s mental health, reflecting bipartisan concerns...

Yellen Says US Prepared for Additional Deposit Actions If Needed

Mar 24 2023 // Treasury Secretary Janet Yellen told US lawmakers that regulators would be prepared for further steps to protect the banking system if warranted, a day after her remarks on nationwide deposit insurance rattled markets. Her...

People Moves: Marsh appoints Stephens US Central Zone Leader

Mar 23 2023 // Marsh appoints Stephens US Central Zone Leader Sarah Stephens, Marsh’s current head of cyber for the UK and international, Marsh Specialty, will assume the role of US central zone leader on May 1. Stephens will...

U.S. Employers Must Be Careful in Drafting Severance Agreements, Labor Board Warns

Mar 23 2023 // A recent U.S. labor board ruling limiting what employers can include in severance agreements is a reminder that companies must be careful not to ask workers to sign away their rights, the agency’s top prosecutor said...

U.S. P/C Industry Records $26.5 Billion Underwriting Loss in 2022

Mar 23 2023 // The U.S. property/casualty (P/C) industry recorded a $26.5 billion net underwriting loss in 2022, $21.5 billion more than the $5 billion underwriting loss reported in 2021, according to a report published by AM Best. The...

J&J to Seek U.S. Supreme Court Review on Unit’s Bankruptcy

Mar 22 2023 // Johnson & Johnson JNJ.N said on Wednesday that it would ask the U.S. Supreme Court to revive its effort to resolve tens of thousands of lawsuits over its talc products through the bankruptcy of a subsidiary, after an...

U.S. Studies Ways to Insure All Bank Deposits If Crisis Grows

Mar 21 2023 // US officials are studying ways they might temporarily expand Federal Deposit Insurance Corp. coverage to all deposits, a move sought by a coalition of banks arguing that it’s needed to head off a potential financial...

Mexico Launches Appeal in Suit Against U.S. Gun Makers

Mar 16 2023 // Mexico has filed an appeal in a civil lawsuit against U.S.-based gun manufacturers, it said on Wednesday, looking to crack down on the trafficking of weapons to powerful drug cartels. A U.S. judge in September dismissed...

U.S. Senate Majority Leader Urges Federal Safety Probe Into All Major Freight Railroads

Mar 16 2023 // U.S. Senate Majority Leader Chuck Schumer on Wednesday urged a federal investigation into safety practices of all seven major freight railroads, following the East Palestine, Ohio derailment of a Norfolk Southern Corp....

Insured Losses From N. Zealand Floods Estimated at US$1.02B, With Profit Hit Expected

Mar 15 2023 // The initial insured losses for the recent floods in the North Island of New Zealand are estimated at NZ$1.65 billion ($1.02 billion), according to PERILS, the independent Zurich-based organization that provides...

Buttigieg Says Recent U.S. Aviation Close Calls ‘Deeply Troubling’

Mar 15 2023 // U.S. Transportation Secretary Pete Buttigieg said on Tuesday that a series of aviation close calls was “deeply troubling and deserve our immediate attention.” The Federal Aviation Administration (FAA) is...

U.S. Commercial Rates Increased in Q4 – But at Slower Pace: WTW

Mar 14 2023 // U.S. commercial insurance prices grew in the fourth quarter of 2022 by an average of 4.8%, down from the rate of 5.2% in the previous quarter (Q3 2022), according to WTW’s most recent Commercial Lines Insurance...

U.S. Sues Rite Aid for Missing Opioid Red Flags

Mar 14 2023 // The U.S. government on Monday sued Rite Aid Corp., accusing the pharmacy chain of missing “red flags” as it illegally filled hundreds of thousands of prescriptions for controlled substances, including...