Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Ironshore’s New Iron-Excess MGA Is Based on Iron-Starr Excess Agency Model
Sep 26 2017 // Using a Bermuda joint venture between Ironshore and C.V. Starr & Co. as a model, Ironshore announced the launch of Iron-Excess on Monday. Ironshore, a Liberty Mutual company, describes Iron-Excess as an expansion of...
SEC Hackers Took Advantage of Firms Using Authentic Data for Testing: Reuters Exclusive
Sep 26 2017 // Hackers breached the U.S. Securities and Exchange Commission’s computer system last year by taking advantage of companies that used authentic financial data when they were testing the agency’s corporate filing...
Insured Losses in Caribbean from Hurricane Maria Estimated at $40B-$85B: AIR
Sep 26 2017 // Industry insured losses for Hurricane Maria in the Caribbean will be between US$40 billion and US$85 billion, according to catastrophe modeling firm AIR Worldwide. Puerto Rico alone accounts for more than 85 percent of the...
Trump Regulation Approach Likely to Stall Connected Vehicles
Sep 26 2017 // The technology that gives cars superpowers to see around corners and through walls won’t be on the first self-driving rides hitting the road in the next few years. Vehicle-to-vehicle communication systems, known as...
As Puerto Rico Struggles to Recover from Maria, Burst Dam Brings More Suffering
Sep 25 2017 // In San Juan, it was as if Hurricane Maria left everyone to fend for themselves. Two days after Maria hit, electricity and mobile phone service was nonexistent in the capital and across most of Puerto Rico, which was...
Two of the Oldest Statewide Insurance Trade Groups in U.S. Launch New Brands
Sep 25 2017 // The Independent Insurance Agents & Brokers of New Jersey (IIABNJ) and The Independent Insurance Agents & Brokers of New York (IIABNY) launched new brands today for their respective associations. IIABNJ became Big I...
RMS Names Dailey to Lead U.S. Inland Flood Model in California
Sep 25 2017 // RMS has named Pete Dailey vice president to lead flood model development in its California headquarters. Dailey will oversee the upcoming release of the RMS U.S. Inland Flood Mode, and he will lead the development of...
AIG Restructures Again; Commercial Lines CEO Schimek to Leave
Sep 25 2017 // American International Group is reorganizing its underwriting businesses into three main segments—General Insurance, Life & Retirement, and a standalone technology-enabled platform—the company announced today. The...
Legal Experts See Room for Deal in Equifax Data Breach Lawsuits
Sep 25 2017 // Equifax Inc. could get away with paying a mere $1 per person after failing to protect almost half of America’s credit data. While the 118-year-old credit-reporting firm has been hit with more than 100 consumer...
EPA Won’t Say Which Texas Sites Toxic Waste Has Been Removed From After Harvey
Sep 24 2017 // The Environmental Protection Agency says it has recovered 517 containers of “unidentified, potentially hazardous material” from highly contaminated toxic waste sites in Texas that flooded last month during...
Storm Watch Issued for North Carolina as Puerto Rico, Markets Weigh Maria’s Economic Costs
Sep 24 2017 // Storm watches have been issued for North Carolina as the U.S. is threatened by a hurricane for the fourth time in a month. Tropical storm watches, meaning winds of at least 39 miles (63 kilometers) per hour could reach the...
How Home Values Track with High, Low Risk of Natural Hazards: ATTOM Data
Sep 22 2017 // Americans are still buying homes in areas with high risk of natural hazards and the homes in those cities continue to appreciate in value far faster than homes in low natural hazard locales. However, the effect on home...
U.S. and EU Sign Covered Agreement on Insurance Regulation
Sep 22 2017 // The United States and European Union have scheduled a ceremony for today for the signing of a bilateral agreement on prudential insurance and reinsurance measures. Both sides announced in July their intention to sign the...
SEC Hacking Latest in Series of Government Agency Cyber Breaches
Sep 22 2017 // A major computer hack at America’s top stock market regulator is the latest sign that data stored in the highest reaches of the U.S. government remains vulnerable to cyber attacks, despite efforts across multiple...
U.S. Safety Board Says Train Crash Engineers Had Undiagnosed Sleep Disorder
Sep 22 2017 // The engineers in two New York City area commuter train crashes suffered from sleep apnea that had not been diagnosed, the U.S. National Transportation Safety Board said on Thursday. The NTSB released factual findings on...
SEC Discloses It Was Hacked, Now Fears Hackers Used Data for Illicit Trading
Sep 21 2017 // Wall Street’s top regulator faced questions on Thursday about its defenses against cyber criminals after admitting hackers breached its electronic database of corporate announcements and may have used it for insider...
Zurich North America CEO Foley Leaving; Savio Named Successor
Sep 21 2017 // Zurich North America CEO Mike Foley plans to leave his position at the end of 2017 after more than a decade with the Swiss insurance giant. His successor has already been chosen. She is Kathleen Savio, who has been...
Allstate Would Consider Selling Private Flood Insurance If Federal Program Is Revamped
Sep 21 2017 // Allstate Corp.’s Chief Executive Officer Tom Wilson on Tuesday called on U.S. lawmakers to overhaul a government subsidized flood insurance program, calling for a more streamlined system that does not overburden...
Hurricane Maria Carves Path of Destruction Through Puerto Rico
Sep 20 2017 // Hurricane Maria, the strongest storm to strike Puerto Rico in nearly 90 years, carved a path of destruction through the U.S. territory on Wednesday, causing widespread flooding and knocking power out across the island...
MarketScout Hires U.S. Risk’s Vincent as VP in Houston
Sep 20 2017 // MarketScout, the Dallas, Texas based insurance exchange and specialty MGA, has expanded its Professional Liability Division with the addition of Michele Vincent as vice president, healthcare practice leader. Vincent joins...
