Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
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...
Special Reuters Report: The High Cost of Building in High Flood Risk Areas
Dec 12 2017 // When Hurricane Harvey sent two feet of water rolling into this small community about 35 miles north of Houston, Alfredo Becerra had to flee his modest 1,500-square-foot house. Muddy floodwater submerged the furniture and...
Russian-Speaking Hackers Steal $10M from U.S., Russia Banks: Cyber Security Firm
Dec 12 2017 // A previously unknown ring of Russian-speaking hackers has stolen as much as $10 million from U.S. and Russian banks in the last 18 months, according to a Moscow-based cyber-security firm that runs the largest computer...
Vietnam Suffers Rare $1 Billion Natural Catastrophe Loss: Aon Benfield Report
Dec 11 2017 // Typhoon Damrey made landfall in Vietnam during November as a Category 2 strength storm, bringing estimated economic damages of VND22.1 trillion (US$1.0 billion) – a rare billion-dollar event for the country, according to...
Zurich Insurance to Acquire ANZ’s Life Businesses in Australia for US$2.14B
Dec 11 2017 // Zurich Insurance Group announced that it has entered into an agreement to acquire 100 percent of ANZ’s life insurance businesses, OnePath Life, in Australia, for A$2.85 billion (US$2.14 billion). Both parties expect...
Commercial Insurance Prices in U.S. Stayed Flat in Q3: Willis Towers Watson
Dec 11 2017 // Commercial insurance prices in the U.S. were again nearly flat during the third quarter of 2017. Price changes reported by carriers averaged less than one percent for the ninth consecutive quarter, following a moderating...
Drug Industry Files Suit to Halt California’s Drug Price Law
Dec 11 2017 // The trade group representing U.S. drugmakers said it has a filed a lawsuit to stop California from implementing a law aimed at reining in prescription drug prices. The Pharmaceutical Research and Manufacturers of America,...
Uber to Settle U.S. Lawsuit by Indian Woman Raped by Driver
Dec 11 2017 // Uber Technologies Inc. and a woman who accused top executives of improperly obtaining her medical records after a company driver raped her in India have agreed to settle a civil lawsuit the woman filed against Uber in...
When Humility in a Boss Pays Off and When It Doesn’t
Dec 11 2017 // It’s good for a boss to be humble – as long as that’s what the firm’s employees expect. Some workplace teams showed more creativity if the employees rated their bosses as showing more humility, Ohio...
It’ll Take Time for P/C Insurers’ Profits to Rebound After 2017 Storms, Wildfires: Fitch
Dec 11 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...
Small Trucking Firms Want Trump to Delay Electronic Log Requirement
Dec 8 2017 // Many independent U.S. truckers are pushing President Donald Trump to back his anti-regulatory rhetoric by delaying an Obama-era rule requiring electronic monitors in trucks, a measure some drivers fear could put them out...
Growth in U.S. Healthcare Spending Slowed in 2016: CMS
Dec 7 2017 // In 2016, overall growth in national spending on healthcare slowed in 2016, increasing 4.3 percent following 5.8 percent growth in 2015, according to a report by actuaries with the Centers for Medicare & Medicaid...
U.S. to Investigate Growing Length of Freight Trains as Threat to Safety
Dec 7 2017 // The investigative arm of the U.S. Congress is launching a probe into the safety of increasingly long freight trains being operated by CSX Corp, Union Pacific Corp. and other major U.S. railroads to boost profitability, the...
Coalition, a Cyber Insurer and Cybersecurity Firm, Makes Its Debut
Dec 6 2017 // Coalition is making its formal debut into the cyber insurance space, but with a twist. The San Francisco-based startup is also a cybersecurity firm. Founded in March 2017, Coalition is co-founded by technology...
U.S. Flood Program to Collect $1 Billion in Reinsurance for Hurricane Harvey Claims
Dec 6 2017 // The Federal Emergency Management Agency (FEMA) is seeking to recover the full $1.042 billion of its reinsurance coverage to help pay the federal flood insurance program’s losses from Hurricane Harvey. Those paid...
Why Women Are Key to Long-Term U.S. Economic Growth: S&P
Dec 5 2017 // As the U.S. economy continues its over eight-year expansion, analysts at S&P Global say they have an answer as to how to boost GDP growth along with labor force participation and productivity. The answer is women. In a...
Chief Risk Officers’ Average Salary Tops $190,000: RIMS
Dec 5 2017 // Risk professionals at all levels in the United States saw an average 3.5 percent base salary increase this year, while the average base salary for a chief risk officer in the United States reached $190,800, according to...
MAPFRE USA to Exit 5, Focus on 11 States; Sell New York and Life Units in Reorganization
Dec 5 2017 // Insurer MAPFRE USA, which now writes in 19 states, is narrowing its focus by concentrating on 11 key states, exiting five states including selling its New York subsidiary, and selling its life insurance unit. MAPFRE USA...
