Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Skeptical AM Best Tags US D&O Segment With Negative Outlook
Mar 4 2024 // Rating agency AM Best has assigned a negative outlook to the U.S. directors and officers liability insurance segment as more market entrants increase capacity and drive down pricing in the face of some troubling potential...
Ship Sunk by Houthis Threatens Red Sea Environment, Yemen Gov’t, US Military Say
Mar 4 2024 // A UK-owned ship attacked by Houthi militants last month sank in the Red Sea, the U.S. military confirmed on Saturday, as it echoed a warning from Yemen’s internationally recognized government that the vessel’s...
US Judge Says Google Must Face Some Advertisers’ Antitrust Claims, Dismisses Others
Mar 4 2024 // Alphabet’s Google must face advertisers’ proposed class action lawsuit claiming that it monopolizes the ad exchange market, a U.S. judge ruled on Friday. But U.S. District Judge Kevin Castel dismissed some...
Spike in Recent Ratings Downgrades Shows Challenges for US Insurers
Mar 4 2024 // Negative ratings actions and financial challenges are forcing carriers to explore reinsurance options offering needed capital, according to a report released last month by Gallagher Re’s Strategic and Financial...
People Moves: Marsh McLennan Names Liston US, Canada Chief Commercial Officer
Mar 1 2024 // Marsh McLennan, headquartered in New York, appointed David Liston as U.S. and Canada chief commercial officer (CCO) effective immediately. Liston previously served as Marsh U.S. and Canada corporate segment leader, and...
Drugmaker Endo Reaches $465M Bankruptcy Settlement With US
Mar 1 2024 // Bankrupt drugmaker Endo International will pay up to $465 million to settle the federal government’s law enforcement, tax, and healthcare cost claims, the U.S. Department of Justice said on Thursday. The settlement...
Profit Recovery Will Vary Among U.S. Personal Auto Carriers: Fitch
Feb 29 2024 // Fitch Ratings said it expects underwriting results for U.S. personal auto insurer to continue to improve this year but the pace to profitability will vary. Auto insurers Progressive and GEICO were the only two of 10...
UnitedHealth Faces Antitrust Probe by US Justice Department
Feb 29 2024 // The US Department of Justice has initiated an antitrust investigation into UnitedHealth Group Inc., people familiar with the matter said Tuesday. The probe opens a new layer of scrutiny on the largest US health insurer...
Over 44,400 Lives Lost Due to US Vehicle Crashes in 2023
Feb 28 2024 // There were about 44,450 motor vehicle fatalities in the United States in 2023—down from 2022 but still very high—according to a preliminary analysis released by the National Safety Council (NSC). Fatalities were down...
US, Philippines Pay Highest Economic Price for Climate-Fueled Weather
Feb 28 2024 // The United States and the Philippines are the countries hit hardest by climate-driven extreme weather, measured as a percentage of their economies, according to a report released Wednesday by global reinsurance giant Swiss...
Southern California Edison to Pay $80M to US Over 2017 Wildfire
Feb 27 2024 // Southern California Edison agreed to pay the United States $80 million to cover costs and damages incurred by the U.S. Forest Service from the 2017 Thomas wildfire in California’s Los Padres National Forecast, the...
US Pharmacy Outage Triggered by ‘Blackcat’ Ransomware at UnitedHealth Unit: Sources
Feb 26 2024 // Hackers working for the ‘Blackcat’ ransomware gang are behind the outage at UnitedHealth’s technology unit that has snarled prescription deliveries for six days, two people familiar with the matter told...
Houthi Attack on Ship Led to ‘Environmental Disaster,’ US Says
Feb 26 2024 // The missile attack by Houthi militants on a ship carrying a cargo of fertilizer has led to an “environmental disaster” in the Red Sea, US Central Command said Friday evening. Hours later, Central Command...
Sand Hole Collapse at Florida Beach Kills Child, Can Happen Around US
Feb 23 2024 // FORT LAUDERDALE, Fla. (AP) — The collapse of a sand hole that killed a 7-year-old Indiana girl who was digging with her brother on a Florida beach is an underrecognized danger that kills and injures several children a...
Markets/Coverages: Vantage Risk Introduces U.S. Primary Casualty Insurance
Feb 20 2024 // Vantage Group Holdings Ltd., the Bermuda-based insurer and reinsurer, is offering U.S. primary casualty in addition to its existing Bermuda and U.S. excess casualty products, continuing the company’s expansion of...
Marsh: US Commercial Lines Rates Up 3% in Q4 2023
Feb 19 2024 // Broker Marsh said the composite rate change at renewal for U.S. commercial lines was up 3% in the fourth quarter 2023, led by an 11% increase in property rates. The Marsh Global Insurance Market Index said it was the 25th...
US Offers Up to $10M Reward for Info Leading to Leaders of Notorious Ransomware Gang
Feb 16 2024 // If you’ve got information on one of the world’s most prolific ransomware gangs, you could stand to make a cool $10 million. The Department of State on Thursday announced a reward of up to $10 million for anyone...
US and Allies Kick Russian Hackers Off Home Routers, FBI Says
Feb 16 2024 // The US and its allies have disrupted access by a Russian-state sponsored hacking organization to “well over a thousand home and small business routers” used for criminal and intelligence purposes, FBI Director...
US Seizes 747 Cargo Plane that Iran Sold to Venezuelan Firm, Plans to ‘Dispose’ of it
Feb 14 2024 // (AP) — The U.S. government has seized a Boeing 747 cargo plane that officials say was previously sold by a sanctioned Iranian airline to a state-owned Venezuelan firm in violation of American export control laws. The...
US Seeks More Than $1 Billion From Collapsed SVB for Taxes
Feb 14 2024 // The US Internal Revenue Service is seeking to recover about $1.4 billion in taxes it claims are owed by Silicon Valley Bank, the regional lender that failed last year. The federal tax agency claims the California-based...
