Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Texas’ Use of Federal Harvey Funds Clouded by Lack of Transparency
Dec 18 2017 // Texas has been awarded billions in federal aid to help recover from Hurricane Harvey and the devastating flooding that followed, but it’s unclear how the state is spending its share of the money. State records...
Navigators to Buy Belgian Specialty Insurer, Reinsurer
Dec 18 2017 // U.S.-based global specialty insurer The Navigators Group has agreed to purchase all of the shares of Assurances Continentales – Continentale Verzekeringen NV (ASCO) and Bracht, Deckers & Mackelbert NV (BDM),...
CVS-Aetna Merger Will Influence Employers’ Benefits Decisions: Aon
Dec 18 2017 // CVS Corp.’s proposed purchase of Aetna Inc. will affect decision-making by a majority of large and mid-size U.S. corporations on employee health benefits, a survey by benefits consultant Aon Plc found. CVS, the...
Insurance Industry Week of Giving Set Records in Midst of Catastrophes
Dec 18 2017 // Hundreds of volunteers from the insurance industry descended on the National Veterans cemeteries in October in Houston and Dallas-Fort Worth to assist with maintenance and cleanup. Volunteers in Chicago from several...
The Road to a Rebound After 2017 Storms, Wildfires: Fitch
Dec 18 2017 // U.S. property/casualty insurers will rebound in 2018 from the late-2017 onslaught of hurricanes and wildfires, but it will take a while to return to “significant underwriting profits,” Fitch Ratings predicted...
Business Moves
Dec 18 2017 // USI, Wells Fargo USI Insurance Services announced the closing on its acquisition of Wells Fargo Insurance Services USA, formerly part of Wells Fargo & Co. This purchase includes the commercial insurance brokerage and...
Destruction of Expensive Toys Leads to Guilty Plea in Insurance Fraud Scheme
Dec 18 2017 // A Texas pilot in early December pleaded guilty to federal wire fraud and arson charges, associated with, among other things, intentionally crashing a plane in the Gulf of Mexico and destroying other expensive planes,...
Brightway Insurance Continues U.S. Expansion with First New Jersey Store
Dec 15 2017 // Brightway Insurance is continuing its expansion across the U.S. with the opening of its first store in New Jersey. Brothers Michael, Robert and Ray Norton will open Brightway, The Norton Agency in Blackwood, N.J., on...
Drone Easily Pierced New York ‘No-Fly’ Zone, Exposing Risk
Dec 15 2017 // A recreational drone operator whose device smashed into a U.S. Army helicopter in September flew undetected into a no-fly zone over New York set up to protect President Donald Trump and the United Nations. The National...
Nation-State Believed Responsible for ‘Watershed’ Cyber Attack on Industrial Plant
Dec 15 2017 // Hackers likely working for a nation-state recently invaded the safety system of a critical infrastructure facility in a watershed attack that halted plant operations, according to cyber investigators and the firm whose...
La Nina Expected to Linger All Winter
Dec 15 2017 // Looks like a potentially market-roiling La Nina will last through the new year, threatening to bring a colder, snowier winter to the northern U.S., drought to Latin America’s soybean-growing regions and rain to...
Deadly London Tower Fire Sparks Development in U.S. of Safety Evaluation Tool
Dec 15 2017 // Six months after flames engulfed a London high-rise and sparked concerns about similarly-clad buildings around the world, a U.S.-based fire prevention group has developed a tool aimed at making buildings safer. The...
Startups Selected for Inaugural InsurTech Acceleration Program in Hartford
Dec 14 2017 // Hartford InsurTech Hub, an initiative established in 2017 by Hartford, Conn.-based insurance companies, the city of Hartford and CTNext, has selected the 2018 group of 11 startups that will participate in its inaugural...
Judge Nixes Bid to Halt Federal Charters for Fintech Firms as Premature
Dec 14 2017 // A Manhattan federal judge on Tuesday dismissed a lawsuit brought by New York’s banking regulator against the U.S. Comptroller of the Currency (OCC) over its proposal to offer charters that would let online lenders...
United Nations Assessing Disaster Recovery in Puerto Rico
Dec 14 2017 // A United Nations expert on extreme poverty and human rights met Monday with hurricane victims in Puerto Rico as complaints grow about the U.S. government’s response to a Category 4 storm. U.N. envoy Philip Alston...
What to Know About the Senior Care Market
Dec 13 2017 // The aging U.S. population will create unprecedented demand for the senior living industry for decades to come and that opens the door for agents and brokers to grow their business in this sector. But understanding the...
Tower Group Companies Top List of U.S. P/C Impairments in 2016: A.M. Best
Dec 13 2017 // Of the 14 property/casualty impairments identified for 2016, 11 were members of the Tower Group, with the remaining three composed of two medical professional liability risk retention groups and a commercial lines...
Alliant Hires New Jersey-Based Blazier to Further Eastern U.S. Growth
Dec 13 2017 // Alliant’s ongoing growth campaign in the Eastern U.S. is continuing with the addition of Senior Vice President Devin E. Blazier. The New Jersey-based industry veteran has joined the company’s Alliant Americas...
Factbox: More Insurers Make Decisions About Post-Brexit Headquarters
Dec 13 2017 // Liberty Specialty Markets said it planned to redomicile its UK insurance company to Luxembourg, as a result of Britain’s decision to leave the European Union. Below are insurers’ plans for EU subsidiaries (in...
Uncertainty Hangs Over Florida Citrus Growers After Irma’s Damage to Crops
Dec 13 2017 // Although the 2017-18 citrus harvest has barely begun, growers are already planning for the 2018-19 season, and they have critical decisions to make in the coming months that will affect next season’s crop and perhaps...
