Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
U.S. Flood Insurance Program Expects $11B in Texas Flood Payouts
Sep 13 2017 // U.S. officials estimate the FEMA-run National Flood Insurance Program will make $11 billion in payments for flooding in Texas caused by Hurricane Harvey, the program’s administrator Roy Wright said. Additionally, in...
Cat Facility CCRIF to Pay 6 Caribbean Nations $29.6M for Hurricane Irma Damage
Sep 13 2017 // Cayman Islands-based CCRIF (formerly the Caribbean Catastrophe Risk Insurance Facility) will make payments totaling US$29.6 million to six Caribbean nations recovering from Hurricane Irma. CCRIF’s parametric tropical...
QBE Group CEO Neal to Exit; Regan to Succeed Him in January
Sep 13 2017 // QBE Insurance Group today announced that John Neal, Group chief executive officer, will be stepping down after five years in the role. The board of directors has appointed Patrick Regan, chief executive officer Australian...
Munich Re Embraces Driverless Future with Mobileye Fleet Product
Sep 13 2017 // Auto insurers, faced with rising accident rates and the emergence of autonomous vehicles that could make them obsolete by removing human error, have reason to love and hate driverless technology. Munich Re, the...
Hurricane Irma May Push Island States to Seek Climate Change Aid
Sep 13 2017 // Devastation from Hurricane Irma in the Caribbean will sharpen the demands from small island nations that top fossil-fuel consumers help them cope with damage attributable to climate change, according to representatives of...
Texas GOP Leaders Push for Expensive, Long-Delayed Flood Infrastructure Projects
Sep 12 2017 // In the wake of Hurricane Harvey, Texas Lt. Gov. Dan Patrick is calling for the construction of flood control infrastructure in the Houston area — things he said should have been built “decades and decades...
Supreme Court Could Decide Who Can Sue Equifax for Data Breach Liability
Sep 12 2017 // Less than a day after Equifax revealed one of the biggest data breaches in U.S. corporate history, the credit reporting company has already been hit with two proposed class actions in federal court – and one of those...
How ‘Bermuda High’ Threw Irma and Damage Estimates Off Course
Sep 12 2017 // Twenty miles may have made a $150 billion difference. Estimates for the damage Hurricane Irma would inflict on Florida kept mounting as it made its devastating sweep across the Caribbean. It was poised to be the costliest...
South Dakota Beats Delaware as Best Legal Climate for Businesses
Sep 12 2017 // For the first time in 15 years Delaware’s court system has lost the top spot in a key business survey, ceding its place to South Dakota, according to a Monday poll conducted by an arm of the U.S. Chamber of...
Lacking Political Support, Global Capital Rule for Insurers Stalls
Sep 11 2017 // The first global standard for investors to compare how much capital insurers from different countries hold to keep policies safe is caught in a transatlantic tussle, casting doubt on whether it is practical, industry and...
Florida Residents Return to Irma’s Battered Homes, Flooded Streets, Power Outages
Sep 11 2017 // Storm-shocked Floridians returned to shattered homes on Monday as the remnants of Hurricane Irma pushed inland, leaving more than half of all state residents without power and city streets underwater from Orlando and...
Hurricane Harvey: Identifying the Insurance Gap
Sep 11 2017 // This post is part of a series sponsored by CoreLogic. As hurricane Harvey made landfall north of Corpus Christi last week, this Category 4 hurricane left devastation in its wake. CoreLogic® estimates that the total...
Court Blocks Seattle Law Enabling Rideshare Drivers to Unionize
Sep 11 2017 // A federal appeals court has temporarily blocked Seattle’s first-in-the-nation law allowing drivers of ride-hailing companies such as Uber and Lyft to unionize over pay and working conditions. A three-judge panel of...
AXIS Adds Tom to Help Grow U.S. West Coast Renewable Energy
Sep 11 2017 // AXIS Insurance has named Christina Tom as vice president and renewable energy underwriter. She will be based out of AXIS’ San Francisco office Tom joins AXIS Insurance’s global renewable energy team, where she...
Insurers Rush to Find, Deploy Adjusters for Harvey, Irma Claims
Sep 11 2017 // Insurers are scrambling to find inspectors in Texas and Florida after fierce hurricanes battered the states one after the other, causing tens of billions of dollars’ worth of property damage in less than two...
Majority of Americans Don’t Trust Self-Driving Cars
Sep 11 2017 // Fully self-driving cars are set the hit the road within four years, but most Americans aren’t ready to buy them. The majority of U.S. consumers remain wary of the developing technology, with 55 percent of drivers...
Court Revives Whistleblower Claim Against Wells Fargo
Sep 10 2017 // Wells Fargo & Co. faces a new legal worry after a federal appeals court last Thursday revived a whistleblower lawsuit by two former employees who said they were fired for trying to report misconduct by lenders that the...
Irma Update: Tropical Storm Exits Florida for Georgia After Flooding Cities, Cutting Utilities
Sep 10 2017 // Downgraded from a hurricane to a tropical storm, Irma flooded several northern Florida cities with heavy rain and a high storm surge on Monday as it headed out of the state after cutting power to millions and ripping roofs...
Irma Update: Georgia Coast Evacuation Underway; Gas, Water Shortages in Miami
Sep 8 2017 // Hurricane Irma, one of the most powerful Atlantic storms in a century, drove toward Florida on Friday after lashing the Caribbean with devastating winds and torrential rain, killing 19 people and leaving a swathe of...
Rethinking Freight Flood Risk Management After Hurricane Harvey
Sep 8 2017 // A week before Hurricane Harvey walloped Houston, workers for Union Pacific Corp. began moving rail cars out of the railroad’s Englewood switching yard near downtown and brought in enough generators to fill 70 tractor...
