Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
U.S. Captive Market Thrives Amid Capacity, Pricing Challenges
Aug 8 2022 // The U.S. captive insurance market segment continued to generate profits and surplus gains in 2021 while outperforming the commercial market, according to a new AM Best report. The Best’s Special Report, “U.S....
People Moves: Canopius Group Hires Sweeper to Lead US Application Support Team; Ryan Specialty Names Blackshear Head of DEI
Aug 4 2022 // Canopius Group Hires Roberta Sweeper to Lead US Application Support Team Canopius Group announced that it has expanded its technology capabilities with the addition of a US application support team as part of the...
U.S. Crypto Company Nomad Hit by $190 Million Theft
Aug 3 2022 // U.S. crypto firm Nomad has been hit by a $190 million theft, blockchain researchers said on Tuesday, the latest such heist to hit the digital asset sector this year. Nomad said in a tweet that it was “aware of the...
FCA US, Formerly Chrysler Group, to Pay $300 Million for Emissions Scheme
Aug 2 2022 // FCA US LLC (FCA US), formerly Chrysler Group LLC, was sentenced in federal court in Detroit and ordered to pay a fine of $96,145,784; and a forfeiture money judgment of $203,572,892. The court also imposed a three-year...
Floods, Storms Drive Global Insured Catastrophe Losses of US$38B in H1 2022: Swiss Re
Aug 2 2022 // A series of winter storms in Europe, record floods in Australia and South Africa as well as a high number of thunderstorms in the U.S. and Europe resulted in US$35 billion of insured losses from natural catastrophes in the...
Western U.S. Wildfires Explode in Size Amid Hot, Windy Conditions
Aug 1 2022 // Wildfires in California and Montana exploded in size overnight amid windy, hot conditions and were quickly encroaching on neighborhoods, forcing evacuation orders for over 100 homes Saturday, while an Idaho blaze was...
Most U.S. Small Businesses Worry Recession Is Coming
Aug 1 2022 // Some 93% of small business owners are worried that the United States will enter a recession in the next six months, a recent survey released by Goldman Sachs showed, with a majority of firms saying the country was headed...
U.S. Crop Writers Post Record Premium Growth on Commodity Prices, Innovation: AM Best
Jul 29 2022 // Premiums in the federal multi-peril crop insurance (MPCI) program surged in 2021 to a record high of $14.9 billion, an increase of nearly 40% over the previous year, according to an AM Best report. The new Best’s...
U.S. Financial Stability Oversight Council to ID More Climate-Related Risks
Jul 28 2022 // The Financial Stability Oversight Council convened on Thursday to identify and address climate-related financial risk. The FOC last year published an extensive report on climate-related financial risk and issued dozens of...
Ford Bronco Engine Failures Prompt US Safety Investigation
Jul 27 2022 // Ford Motor Co.’s hot-selling Bronco sport-utility vehicle is the subject of a safety investigation by federal regulators for catastrophic engine failure that can cause the vehicle to lose power at highway speeds. The...
Uber Admits Covering Up 2016 Hacking, Avoids Prosecution in U.S. Settlement
Jul 26 2022 // Uber Technologies Inc. on Friday accepted responsibility for covering up a 2016 data breach that affected 57 million passengers and drivers, as part of a settlement with U.S. prosecutors to avoid criminal charges. In...
U.S. Sues Chicken Producers, Alleging They Conspired to Keep Wages Down
Jul 26 2022 // US poultry producers Cargill Inc., Sanderson Farms Inc. and Wayne Farms LLC agreed to pay $84.8 million restitution for conspiring to lower wages for workers at chicken slaughterhouses as part of a settlement with the US...
U.S. Senate Democrats Plan Bill Aiming to Restore ‘Net Neutrality’
Jul 19 2022 // Two U.S. Senate Democrats active in internet issues are working on a bill to restore landmark “net neutrality” rules that would bar telecommunications companies from blocking or throttling traffic or offering...
Most U.S. Small Businesses Worry Recession is Coming
Jul 13 2022 // Some 93% of small business owners are worried that the United States will enter a recession in the next six months, a survey released by Goldman Sachs showed on Wednesday, with a majority of firms saying the country was...
People Moves: BHSI Names Guinea to Customer Post in Spain; Catalina Appoints New CEOs in Asia and U.S.
Jul 11 2022 // BHSI Names Guinea to Customer Engagement Post in Spain Berkshire Hathaway Specialty Insurance (BHSI) announced that Eduardo Guinea has joined the organization as head of customer and broker engagement in Spain. He will be...
Google Offers Concessions to Thwart US Antitrust Case
Jul 11 2022 // Alphabet Inc.’s Google has offered concessions to change certain aspects of its advertising business in an attempt to head off a possible US antitrust lawsuit, the Wall Street Journal reported Friday. Google has...
U.S.-Based 3M Faces More Costs After $581M Chemical Cleanup Pact in Belgium
Jul 8 2022 // 3M Co. still faces the prospect of additional costs to resolve contamination liabilities in Belgium after reaching an agreement to clean up and remediate PFAS, the so-called forever chemicals used in many consumer goods, a...
U.S. House Panel Asks Gunmakers to Testify Amid Mass Shootings
Jul 7 2022 // The U.S. House Oversight Committee has asked the chief executives of three gunmakers to testify on July 20 as part of its investigation into the firearms industry following a wave of high-profile mass shootings, the panel...
US Testing New Fire Retardant, Critics Push Other Methods
Jul 7 2022 // U.S. officials are testing a new wildfire retardant after two decades of buying millions of gallons annually from one supplier, but watchdogs say the expensive strategy is overly fixated on aerial attacks at the expense of...
US Auto Crash Death Rate Highest in Study of Rich Countries
Jul 6 2022 // US death rates from motor vehicle crashes rates are the highest among 29 upper-income countries, according to a government study that adds to the country’s poor public-health record among developed nations. Annual US...
