Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Zurich Insurance Emphasizes Compliance Standards as U.S. Eyes Nord Stream Sanctions
Jan 13 2021 // Zurich Insurance Group emphasized its compliance standards on Wednesday while declining to comment specifically on the Russia-led Nord Stream 2 gas pipeline project. The U.S. State Department has warned European companies...
Levy to Retire as CEO of Munich Re US; Winter to Succeed Him
Jan 12 2021 // Steven Levy, the longtime president and CEO of Munich Re US, plans to retire on April 1. Munich Re executive Marcus Winter will replace him, the company disclosed. Levy has worked for Munich Re US for 23 years, holding a...
Here’s What’s New in U.S. Small Business Pandemic Paycheck Protection Program
Jan 11 2021 // The Small Business Administration launches on Monday more Paycheck Protection Program loans to help small businesses weather the coronavirus pandemic. Congress last month approved $284 billion in new funds for the...
Texas U.S. Attorney: Luxury Jeweler Pays Serviceman in Discrimination Case
Dec 30 2020 // The U.S. Attorney’s Office for the Southern District of Texas reported that luxury jeweler Harry Winston has paid a U.S. Army reservist to resolve a claim the company violated the Uniformed Services Employment and...
Russia Expedites Work on Nord Stream 2 Gas Pipeline Before U.S. Tightens Sanctions
Dec 30 2020 // Russia is stepping up work on the Nord Stream 2 pipeline before the U.S. tightens sanctions against the controversial project designed to feed more natural gas into Germany. Construction of the 1,230-kilometer (764-mile)...
U.S. Approves Commercial Drone Flights Over Populated Areas With Tracking
Dec 29 2020 // Commercial drone use for deliveries and services cleared a major hurdle in the U.S. with new rules allowing the devices to fly over populated areas for the first time and requirements for tracking them to address safety...
How U.S. Government Will Handle COVID-19 Vaccine Injury Claims Is Largely a Secret
Dec 29 2020 // Lost in the U.S. launch of the coronavirus vaccine is a fact most don’t know when they roll up their sleeves: In rare cases of serious illness from the shots, the injured are blocked from suing and steered instead to...
Walmart Denies U.S. Charges It Fueled Opioid Crisis by Filling ‘Illegitimate Prescriptions’
Dec 23 2020 // The U.S. Justice Department sued Walmart Inc. on Tuesday, accusing the world’s biggest retailer of fueling the opioid crisis in the United States, ignoring warning signs from its pharmacists and filling thousands of...
Viewpoint: How the Northeastern U.S. Private Flood Market Can Close the Coverage Gap
Dec 22 2020 // The northeastern U.S. is one of the key areas of the country at risk for flooding, as evidenced by the billions in losses from Superstorm Sandy, which saw more than $8.1 billion in 144,000 NFIP (National Flood Insurance...
Lloyd’s Syndicate Dale and DUAL Launch MGU with Focus on U.S. Property Insurance
Dec 21 2020 // Dale Underwriting Partners and DUAL announced a new joint venture, Dale DUAL MGU Ltd. (DDML), in collaboration with Aviva with immediate effect. This partnership has been brought together by Howden Reinsurance Broking led...
Cyber Experts Race to Secure Networks Following Broad Cyber Attack on U.S.
Dec 21 2020 // Russian hackers who broke into U.S. government agencies also spied on less high-profile organizations, including groups in Britain, a U.S. internet provider and a county government in Arizona, according to web records and...
Suspected Russian Hack of U.S. Government: Espionage or Act of War?
Dec 21 2020 // The suspected Russian hack of U.S. government agencies has led to heated rhetoric from lawmakers, with U.S. Senator Dick Durbin calling it “virtually a declaration of war” and U.S. Senator Marco Rubio saying...
U.S. Commercial Insurance Rates Rise Again Q3; Showing Signs of Stability
Dec 21 2020 // For the second quarter in a row, U.S. commercial lines insurers enjoyed average rate hikes that neared 10% but the rocket ship rate hike trend might be moderating. “While commercial insurance prices continued to rise...
RMS Estimates that Total Insured Losses from the 2020 Western U.S. Wildfires Will Be Between US$7bn – US$13bn
Dec 17 2020 // Latest RMS estimate includes loss from new fires that started and spread following the previous RMS loss estimate in September Newark, CA – December 15, 2020 – RMS, the world’s leading catastrophe risk solutions...
How Dominance of One Management Software Became Cyber Liability for U.S.
Dec 16 2020 // On an earnings call two months ago, SolarWinds Chief Executive Kevin Thompson touted how far the company had gone during his 11 years at the helm. There was not a database or an IT deployment model out there to which his...
Global Natural and Manmade Disasters Cost Insurers US$83B in 2020: Swiss Re
Dec 16 2020 // Insurance industry losses from natural catastrophes and man-made disasters across the globe amounted to US$83 billion in 2020, making it the fifth-costliest year for the industry since 1970, according to the Swiss Re...
RMS Says Insured Losses from 2020 Western U.S. Wildfires $7-$13B
Dec 15 2020 // RMS estimates insured losses from the record-breaking western U.S. wildfires this season will be between $7 and $13 billion. These losses reflect estimates as of Dec. 1. The ignition of the highly damaging Glass Fire and...
Suspected Russian Cyber Espionage Has U.S. Government, Businesses Scrambling
Dec 15 2020 // The U.S. Department of Homeland Security and thousands of businesses scrambled Monday to investigate and respond to a sweeping hacking campaign that officials suspect was directed by the Russian government. Emails sent by...
Impact of Coronavirus on U.S. Economy Could Be $3-$5 Trillion Over 2 Years: USC Study
Dec 14 2020 // The COVID-19 pandemic could result in net losses from $3.2 trillion and up to $4.8 trillion in U.S. real gross domestic product (GDP) over the course of two years, a new University of Southern California (USC) study...
UK Insurtech Startup battleface Raises $12M in Funding from U.S. Venture Capital Firm
Dec 11 2020 // UK startup battleface Inc., a company that specializes in tech-enabled global travel insurance, announced a $12-million Series A financing round from Drive Capital, a Columbus, Ohio-based venture capital firm. The...
