Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Reinsurer Says U.S. Should Regulate $17 Billion Litigation Funding Industry
Dec 13 2021 // Litigation funding has become a $17 billion industry globally, with 52% of that money being spent in the United States, Swiss Re said in a recent report. The reinsurer said third-party litigation funding (TPLF) is...
US Lawmakers Propose Bill Making Staged Collisions Federal Crime
Dec 10 2021 // U.S. Congressmen Garret Graves and Henry Cuellar have introduced a bill that would make it a federal crime to stage a vehicle collision and fraudulently claim financial damages. Graves (R-LA) and Cuellar (D-TX) say the...
Maryland Is Fifth U.S. State to Join the International Sustainable Insurance Forum
Dec 10 2021 // Consistent with Governor Larry Hogan’s commitment to address and mitigate the effects of climate change, the state of Maryland has joined the Sustainable Insurance Forum (SIF) of the United Nations Development...
How Big Tech Is Faring in U.S. Lawsuits and Probes
Dec 8 2021 // Big Tech platforms Meta Platforms Inc, formerly known as Facebook, and Google have been hit with a series of antitrust lawsuits by the U.S. federal government and states on charges they are operating monopolies and abusing...
Charles Taylor Accelerates Growth Course in the US as it Launches New Business Lines, Acquisitions and Attracts Top-Tier Talent
Dec 7 2021 // Achieving Rapid Growth in the US Since Rolling Out National Expansion Strategy NEW YORK, NEW YORK – DECEMBER 7, 2021 – Charles Taylor Adjusting and Technical Services, a leading global loss adjusting business, today...
U.S. Issues New Cybersecurity Directives for Rail Airport Operators
Dec 6 2021 // The Transportation Security Administration is issuing new directives and recommendations aimed at strengthening the cybersecurity defenses of U.S. rail and airport operators. The Biden administration said the requirements...
U.S. Calls for Outer Space Norms After ‘Irresponsible’ Russia Test
Dec 3 2021 // U.S. Vice President Kamala Harris on Wednesday criticized an “irresponsible” Russian test that endangered the International Space Station with debris, and the Biden administration laid out a new strategy for...
Climate Report: ‘Low- to No-Snow’ Will Worsen Water Shortages in U.S. West
Dec 2 2021 // The Intergovernmental Panel on Climate Change this week distributed the final draft of the Working Group III contribution to the Sixth Assessment Report to governments, in one of the final stages of preparations before...
Convex Gets NAIC Approval to Operate as Reciprocal Jurisdiction Reinsurer in U.S.
Nov 30 2021 // Convex Group Ltd. announced that Convex Insurance UK Ltd. (CIL) and Convex Reinsurance Ltd. (CRL) have received approval from the National Association of Insurance Commissioners and the California Department of Insurance...
U.S. Unlikely to Impose Further Restrictions Due to Omicron COVID Variant, Says Fauci
Nov 29 2021 // The United States is unlikely to impose further restrictions amid the anticipated arrival of the Omicron COVID-19 variant, the nation’s top infectious disease official said on Monday after a travel ban on some...
U.S. Gunmakers Claim Mexico’s $10B Lawsuit Shows ‘Clash of National Values’
Nov 24 2021 // Gun makers including Smith & Wesson and Sturm, Ruger & Co. on Monday asked a U.S. judge to dismiss a lawsuit by the Mexican government accusing them of facilitating the trafficking of weapons to drug cartels,...
U.S. Asks Appeals Court to Lift Stay on COVID Vaccine Mandate or Allow Mask Rule
Nov 23 2021 // The U.S. government asked a federal appeals court to immediately lift a court-ordered stay on a sweeping workplace COVID-19 vaccine rule to avoid “enormous” harm to public health, or alternatively to allow a...
U.S. Climate Pledge to Be Tested in Senate
Nov 23 2021 // After talking the climate talk at U.N. negotiations in Scotland, the Biden administration now tests whether a divided United States can walk the climate walk: push a massive investment for a new era of clean energy through...
New U.S. Rule Requires Banks to Promptly Report Cyber Incidents
Nov 19 2021 // U.S. banking regulators on Thursday finalized a rule that directs banks to report any major cybersecurity incidents to the government within 36 hours of discovery. Separately, the banking industry said it had successfully...
Demex and Vave Offer Parametric Extreme Temperature Insurance for U.S. Businesses
Nov 17 2021 // A technology firm and a managing general agent are partnering to offer extreme temperature insurance to commercial properties across the United States. According to Vave, an algorithmic underwriting MGA, and The Demex...
Samsung Fire & Marine to Underwrite Canopius U.S. Admitted Specialty Lines
Nov 15 2021 // Canopius Group, a global specialty (re)insurer, announced an agreement with Samsung Fire and Marine Insurance (SFMI), its substantial minority shareholder and business partner, to underwrite U.S. admitted business on its...
Insured Severe Weather Losses in U.S. Already Top $20B for 2021
Nov 15 2021 // Annual U.S. severe weather insured losses for 2021 have surpassed $20 billion after a rough October, even before the year is complete, according to a new Aon report. Multi-billion-dollar natural catastrophe-related...
U.S. Severe Weather Insured Losses Surpassed $20B After Rough October: Aon
Nov 15 2021 // Annual U.S. severe weather insured losses for 2021 are jumping above $20 billion after a rough October, even before the year is complete, according to a new Aon report. “October is typically considered a...
Westfield Insurance to Buy Argo’s U.S. Specialty Property Renewal Rights
Nov 12 2021 // Specialty insurer Argo Group International Holdings has agreed to sell the renewal rights of its U.S. specialty property business to Westfield Insurance of Ohio. This transaction includes Argo’s shared and layered...
Asian Insurer FWD Group Weighs Shifting U.S. IPO to Hong Kong: Reuters
Nov 10 2021 // HONG KONG – Asian insurer FWD Group, controlled by Hong Kong billionaire Richard Li, is contemplating shifting its $2-$3 billion share sale from the United States to Hong Kong, said two sources with direct knowledge of...
