Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Swiss Re Taps Harman, Poppie for U.S. Central Region Leadership Positions
Jul 18 2016 // Swiss Re Corporate Solutions has added Christine Harman as senior vice president, head of Casualty, and named Gabriel Poppie as senior vice president, head of Sales, for its U.S. Central Region. Both are based in...
Mid-Market Firms Fall Short on Natural Catastrophe Risk Management: Assurex Global
Jul 18 2016 // Middle market businesses in all parts of the world view their exposures to natural catastrophes as increasing but some fall short when managing these risks effectively, according to a new survey of senior executives at...
Insurer Competition Vital for Healthcare Consumers: U.S. Health Official
Jul 18 2016 // The Obama administration’s top health official highlighted the importance of competition to insurance markets, as the Justice Department is poised to decide on two massive deals among four of the health-plan...
Sompo Canopius Names Banez as Head of US Financial & Professional Lines
Jul 18 2016 // Sompo Canopius AG announces has hired Laurie Banez as head of U.S. financial and professional lines. Banez is based in the New York office and reports to Stephen Hartwig, group head of casualty. She joins from Argo Pro...
Caution: Millions of U.S. Drivers Are Angry, Aggressive or Enraged!
Jul 15 2016 // Nearly 80 percent of drivers expressed significant anger, aggression or road rage behind the wheel at least once in the past year, according to a new study by the AAA Foundation for Traffic Safety. The most alarming...
Growth Partners: Equity Firm Kohlberg Invests in Wholesaler U.S. Risk
Jul 14 2016 // Dallas-based international specialty lines underwriting manager and wholesale broker U.S. Risk Insurance Group Inc. has agreed to partner with the private equity firm, Kohlberg & Co. With capital and two board members...
Court Removes GM Bankruptcy Shield on Ignition Switch Claims
Jul 14 2016 // General Motors’ 2009 bankruptcy does not shield it from lawsuits over a deadly ignition-switch defect that led to criminal charges against the automaker and prompted the recall of 2.6 million vehicles in 2014, a...
Bermuda Insurance Industry Expected to Grow by 10.3% Annually Until 2019
Jul 14 2016 // The Bermuda insurance industry is projected to grow at a steady pace as a result of new regulations and consistent growth in external business, such as offshore and captive, according to a new report published by...
Climate Change Exposes U.S. Infrastructure to Natural Hazards, Rand Corp. Says
Jul 14 2016 // Editor’s note: This is the first of a two-part column. A follow up column will focus on how catastrophe modelers are being asked to create products that take into account potential climate change impacts. A report...
BHSI Launches Insurance Products for Directors & Officers in Asia
Jul 13 2016 // Berkshire Hathaway Specialty Insurance Co. (BHSI) is expanding its executive & professional lines capabilities in Asia with the introduction of Executive First™ Public Offering of Securities Insurance (POSI) and...
Storms & Earthquakes Drive Up Insured Losses in 1H 2016: Munich Re
Jul 13 2016 // Economic losses caused by natural catastrophes in the first half of 2016 totaled US$70 billion, a significant increase from the $59 billion reported for the first half of last year, according to a loss review issued by...
AIG’s Alexandru Joins Aspen to Head New U.S. Crisis Management Line with Product Recall
Jul 12 2016 // Aspen Insurance announced the appointment of Nicky Alexandru as head of U.S. Crisis Management. Alexandru will develop a U.S. product contamination/recall capability, which will be a new Crisis Management line of business...
U.S. Warned to Expect More Superbug Cases in Coming Months
Jul 12 2016 // After two confirmed U.S. cases of a superbug that thwarts a last-resort antibiotic, infectious disease experts say they expect more cases in coming months because the bacterial gene behind it is likely far more widespread...
A Financial Army Moves in When a Police Officer Is Killed
Jul 11 2016 // As America absorbed the news of five murdered Dallas police officers, Frederick Frazier grimly signed $2,000 checks, one after another. They were for the families of the slain. “So many people are calling and want to...
Correction: Obama Nominates Additional Directors But Producer Registry NARAB Still Falls Short
Jul 11 2016 // Correction: The original version of this article omitted two of President Obama’s nominees, Colorado Insurance Commissioner Marguerite Salazar and Susan Louise Castaneda of The Hartford. Insurance Journal regrets the...
People – East
Jul 11 2016 // The New York State Senate has confirmed Governor Andrew Cuomo’s pick to become the state’s top financial regulator. The confirmation vote for Maria Vullo, Cuomo’s nominee for superintendent of the New...
People – Midwest
Jul 11 2016 // Wholesale insurance broker Burns & Wilcox added Mary Mullen as personal insurance manager in its Chicago office. Mullen, who most recently served as vice president, regional operations officer at Willis Towers Watson,...
Information-Heavy Healthcare a Huge Target for Cyber Crime
Jul 11 2016 // Healthcare organizations contain a wealth of personal information, making them them the number one target for cyber breaches, according to a Houston-based attorney who specializes in healthcare privacy. Lynn Sessions, a...
Economic Cost of Pandemics
Jul 11 2016 // A pandemic influenza outbreak in the United States could have economic costs nearly double the total amounts experts have previously calculated, depending on how the public, government and businesses respond to an...
Disaster Response: Pandemic Insurance to the Rescue
Jul 11 2016 // The shoe may eventually be placed on the other foot for the United States. This nation has a long-standing tradition of innovating products and ideas – particularly insurance products – and then exporting them to other...