Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
U.S. Senators See ‘Actuarial Disaster’ on the Horizon with Flood Risk Rating 2.0
Oct 4 2021 // U.S. senators from coastal states are predicting “an actuarial disaster” in the future once FEMA’s new flood insurance rating systems goes into full swing. In a press call on Sept. 30, Louisiana Sen. Bill...
U.S. Surplus Lines Industry Grew Premium 17.5% in 2020
Oct 4 2021 // The U.S. surplus lines market experienced direct premium growth of 17.5% in 2020, the largest year-over-year premium increase since 2003, according to an AM Best report. The 2020 increase in direct premium written comes on...
Tests Show No Health Risks From U.S. Steel Plant Discharge: EPA
Oct 1 2021 // Preliminary tests indicate iron-contaminated wastewater that leaked from a northwestern Indiana steel plant into a Lake Michigan tributary presents no risk to public health, the Environmental Protection Agency said. U.S....
Hong Kong Firms, Including FWD, Are Flagging China Risks in U.S. IPO Filings
Sep 30 2021 // Hong Kong-based companies with little to no presence in mainland China are the latest to warn about the risks they face from Beijing’s crackdown on businesses, in a further sign of enhanced disclosures sought by...
Apparent US Steel Plant Spill Closes Indiana Beaches
Sep 28 2021 // Indiana Dunes National Park closed its beaches and a northwest Indiana water utility shut down an intake facility after an orange substance apparently spilled from a U.S. Steel plant into a Lake Michigan tributary, a mayor...
U.S. Court Upholds Ohio Hospital Employee COVID-19 Vaccine Rule
Sep 27 2021 // A federal judge on Sept. 24 ruled that a Cincinnati, Ohio-area healthcare provider could require its employees get vaccinated against COVID-19 or risk losing their job, in what appears to be the first ruling of its kind...
Hong Kong Tycoon Richard Li’s Insurer FWD Makes U.S. IPO Filing Public
Sep 24 2021 // Insurance company FWD Group Holdings Ltd., owned by Hong Kong billionaire Richard Li, made its filing for a stock market listing in the United States public on Thursday, revealing a jump in revenue last year. The insurer,...
U.S. Road Travel Up 11.5% in July
Sep 24 2021 // U.S. motorists drove 11.5% more miles in July as driving nearly matched pre-COVID levels and more Americans returned to offices and took leisure trips. The Federal Highway Administration said Thursday motorists drove 290.1...
U.S. Insurance Regulator Hosting Another Climate Summit
Sep 23 2021 // A report from the Mortgage Bankers Association says there’s little doubt that climate change will impact housing and the housing finance industry, and while just how great that impact will be is as of yet unknown,...
Cyber Insurtech BOXX Raises US$10M From Zurich Insurance and 2 Other Investors
Sep 22 2021 // BOXX, the Toronto-based cyber insurer for small businesses, individuals and families, announced it has closed its oversubscribed US$10 million (C$12.7 million) Series A-round in a bid to accelerate growth and expand its...
Karen Clark & Co. Releases Version 1.0 of U.S. Wildfire Model
Sep 22 2021 // Karen Clark & Co. (KCC), the Boston-based catastrophe modeling company, announced it has released Version 1.0 of its high-resolution U.S. Wildfire Model. This advanced and fully probabilistic model provides exceedance...
Insurtech Foxquilt Raises $8M to Expand Small Business Offering in U.S. and Canada
Sep 20 2021 // Foxquilt, a Toronto-based insurtech, announced it has raised an $8 million financing round led by Luge Capital with participation from AmTrust Financial, Extreme Venture Partners and Side Door Ventures. The new capital...
‘Cyber Bullets’ Are Part of War on Hacks, Says U.S. Cyber Director
Sep 17 2021 // The U.S. government should be prepared to fire “cyber bullets” in response to significant hacking attacks as part of a comprehensive strategy to dissuade adversaries, National Cyber Director Chris Inglis...
RMS Estimates US$31– $44 Billion in Total U.S. Onshore and Offshore Insured Losses from Hurricane Ida
Sep 17 2021 // Estimates reflect insured wind, storm surge, and inland flooding impacts in the U.S., including losses to the National Flood Insurance Program and the private flood market. Newark, CA – September 17, 2021 – RMS®, the...
U.S. Surplus Lines Industry Grew Premium 17.5% in 2020
Sep 16 2021 // The U.S. surplus lines market experienced direct premium growth of 17.5% in 2020, the largest year-over-year premium increase since 2003, according to an AM Best report. The 2020 increase in direct premium written comes on...
People Moves: Lockton’s Reese Joins Cowbell Cyber; Optio Expands Political Violence Unit with Kirby; AXIS Names 3 to U.S. Renewables
Sep 14 2021 // Lockton’s Reese Joins Cowbell Cyber A former Lockton executive has joined Cowbell Cyber as its new head of Insurance. Chris Reese will focus on the company’s business . Reese brings more than 35 years of...
U.S. Hurricane Ida, Haiti Quake, Multiple Major Wildfires Among August’s Disasters: Aon
Sep 13 2021 // Hurricane Ida will likely become one of the costliest U.S. mainland hurricanes on record both on a nominal and inflation-adjusted basis, according to Aon’s monthly Global Catastrophe Recap report, which evaluated the...
Germany’s Allianz Facing U.S. Justice Probe of Fund Managers, Investors’ $6B Lawsuit
Sep 10 2021 // FRANKFURT/WASHINGTON — The U.S. Department of Justice (DOJ) investigation into German insurer Allianz is looking at possible misconduct by fund managers and misrepresentation of risk to investors, three people with...
Biden Calls for COVID Vaccine Mandate or Test for Two-Thirds of U.S. Workers
Sep 9 2021 // President Joe Biden on Thursday said he will require all federal employees to get vaccinated against COVID-19 and the U.S. Department of Labor will issue a rule requiring that businesses with more than 100 employees have...
Thanks to Oil Boom, N. Dakota County Sees Fastest Growth in US
Sep 8 2021 // First came the roughnecks and other oil field workers, almost all men. Lured by steady wages as the nation climbed out of the Great Recession, they filled McKenzie County’s few motel rooms, then began sleeping in...
