Latest USA Headlines

All the headlines from our USA Topic Page, ordered by recency.

Gallagher Re: US Leads Insurtech Investments, Funding Continues Healthy Climb

May 10 2023 // Insurtech funding increased nearly 38% from Q4 2022 to Q1 2023, from about $1 billion to about $1.4 billion, according to a new analysis released by Gallagher Re. The U.S. leads France and the UK as the nation funding the...

U.S. P/C Underwriting Profit in 2023? Not Yet, Fitch Predicts

May 8 2023 // Analysts at Fitch Ratings predict a better underwriting result for U.S. property/casualty insurers in 2023 compared to 2022, but the combined ratio is still going to hover above breakeven, according to their...

U.S. Personal Auto Results Headed the Wrong Way. Is a U-Turn Possible?

May 8 2023 // Although the pandemic may appear more distant in the rearview mirror, its lasting impact on the personal auto insurance industry may be larger than initially expected. Private passenger automobile insurance is the largest...

MGAs, DUAEs Sparked Double-Digit Growth in 2022 U.S. Premiums: AM Best

May 3 2023 // Direct premium written through the delegated underwriting authority enterprises (DUAE) market in the United States continued its significant growth rate in 2022, increasing by 13.8 percent to $67.6 billion, according to a...

Environmental Groups Sue U.S. Over SpaceX Launch License

May 2 2023 // Conservation groups sued the Federal Aviation Administration on Monday, challenging its approval of expanded rocket launch operations by Elon Musk’s SpaceX next to a national wildlife refuge in South Texas without...

Banking System ‘Remains Sound’ After First Republic Resolution: U.S. Treasury

May 1 2023 // The U.S. Treasury Department is encouraged that First Republic Bank was resolved with the least cost to the Deposit Insurance Fund, and believes the U.S. banking system remains sound and resilient, a Treasury spokesperson...

A Record Start to the 2023 U.S. Tornado Season

Apr 27 2023 // The U.S. has experienced a record number of tornadoes in the first three months of 2023 according to preliminary data from the National Weather Service Storm Prediction Center (NWS SPC), delivering an active start to the...

45 Years Ago, the Deadliest Construction Accident in U.S. Killed 51

Apr 27 2023 // It was 45 years ago today that a huge scaffold system collapsed inside a cooling tower under construction at a West Virginia power plant, sending 51 workers tumbling to their deaths 170 feet below. Eleven members of one...

Crypto Must End Anonymity for Illicit Finance, U.S. Regulator Says

Apr 26 2023 // Anonymity is allowing crypto assets to finance illegal activities, a top U.S. regulatory official said on Tuesday, posing national security risks that must be addressed. Christy Goldsmith Romero, a commissioner at the U.S....

U.S. Deploys More Cyber Forces Abroad to Help Fight Hackers

Apr 26 2023 // The United States is sending more of its cyber forces abroad to help foreign governments fight hackers, a top U.S. military official said at the RSA cybersecurity conference in San Francisco. In the last three years, the...

Brazilian Reinsurer Resolves U.S. Probe Into Fake Berkshire Hathaway Story

Apr 25 2023 // A Brazilian reinsurer entered a non-prosecution agreement and will pay $5 million to resolve a U.S. probe into a false story that the company had received a significant investment from billionaire Warren Buffett’s...

INSHUR Acquires U.S. Transportation Agency ABI; Raises $26 Million

Apr 21 2023 // INSHUR, a global on-demand insurance provider, has acquired American Business Insurance Services in order to expand its operations across the U.S. The company also reported that it completed a capital raise of $26 million,...

People Moves: Ascot Names Williams U.S. CIO; Falcon Expands Leadership Team; Everest Names Mulray President of N.A. Insurance

Apr 19 2023 // Ascot Group Names Williams U.S. CIO Ascot Group has appointed Owen Williams to the newly created role of chief information officer (CIO), Ascot U.S., headquartered in New York, New York. Williams has been working in the...

U.S. P/C Underwriting Profit in 2023? Not Yet, Fitch Predicts

Apr 17 2023 // Analysts at Fitch Ratings predict a better underwriting result for U.S. property/casualty insurers in 2023 than 2022, but the combined ratio is still going to hover above breakeven, according to their forecast. Fitch...

Young Agent Optimism Wanes as Challenging U.S. Economy, Hard Market Continues Andrea Wells

Apr 17 2023 // Optimism among young agents took a hit, falling from 2022 to 2023, according to Insurance Journal’s annual Young Agents Survey. When it comes to their career choice and the future of the independent agency system,...

U.S. Proposes 56% Vehicle Emissions Cut by 2032, Requiring Big EV Jump

Apr 12 2023 // The U.S. Environmental Protection Agency (EPA) on Wednesday proposed sweeping emissions cuts for new cars and trucks through 2032, a move it says could mean two out of every three new vehicles automakers sell will be...

Catastrophe Losses Drive 2021 U.S. P/C Insurer Impairments: AM Best

Apr 10 2023 // Seventeen U.S. property/casualty insurance companies became impaired in 2021, with seven of the impairments driven by catastrophe losses from hurricanes, primarily in Louisiana and Florida, according to an AM Best...

U.S. Personal Auto Results Headed the Wrong Way. Is a U-Turn Possible?

Apr 10 2023 // Although the pandemic may appear more distant in the rearview mirror, its lasting impact on the personal auto insurance industry may be larger than initially expected. Private passenger automobile insurance is the largest...

U.S. Airports’ Outdated Tech Leaves Planes Vulnerable to Runway Near-Misses

Apr 6 2023 // A crucial safety system that’s relied on to avoid potentially fatal collisions at major US airports is aging and plagued by outages that have left travelers unprotected for months at a time. At some airports, it...

The U.S. Leads the World in Weather Catastrophes – Here’s Why

Apr 3 2023 // The United States is Earth’s punching bag for nasty weather. Blame geography for the U.S. getting hit by stronger, costlier, more varied and frequent extreme weather than anywhere on the planet, several experts said....