Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
U.S. P/C Insurers Report 2020 Underwriting Profits Despite Costs of COVID-19: Fitch
Apr 12 2021 // Despite considerable operating challenges in 2020 from the global COVID-19 pandemic, U.S. property/casualty (P/C) insurers saw a statutory underwriting profit for the third consecutive year, with an average 99% combined...
U.S. Raises Average Number of Named Storms for Atlantic Hurricane Season
Apr 12 2021 // The U.S. National Oceanic and Atmospheric Administration (NOAA) has changed the number of storms that constitute an average Atlantic hurricane season, the agency said in a statement on Friday. NOAA’s Climate...
$1B Insurance Price Tag for U.S. Severe Weather in March (and Other Global Events): Aon
Apr 12 2021 // Multiple U.S. severe weather outbreaks, including tornadoes, hail, and flooding, resulted in losses of more than $1 billion for public and private insurers during March, with economic costs approaching $2 billion,...
Broker Ardonagh Group Forms Unit for International M&A; Makes 1st U.S. Acquisition
Apr 6 2021 // London-based broker the Ardonagh Group announced the launch of Ardonagh Global Partners (AGP), a unit focused on international mergers and acquisitions. The company also announced its first acquisition in the United...
NY’s Cyber Guidance Could Boost Risk Management for Insurers, Insureds Across U.S.
Apr 5 2021 // The Cyber Insurance Risk Framework, launched recently by the New York State Department of Financial Services, is a positive step for both insurers and insureds because it calls on insurers to consider more explicitly how...
Homeland Security Orders Cyber ‘Sprints’ as Part of U.S. Plan Against Hacks
Apr 1 2021 // The U.S. Department of Homeland Security is undertaking a series of “sprints” to enhance American cybersecurity in the wake of major attacks. “I am announcing today a series of 60-day sprints, each...
Lawmakers from California Want U.S. Departments to Be Year-Round Wildfire Agencies
Mar 31 2021 // California’s U.S. senators and nearly two-dozen representatives are asking the Agriculture and Interior departments to transition their agencies to a year-round wildland workforce because blazes are no longer limited...
It’s Time to Rewrite The Rules That Make U.S. Roads So Deadly: Viewpoint
Mar 31 2021 // A 25-year-old Yale Law student. A crossing guard. A 78-year-old woman. A high-school teacher. These are but four of the pedestrians and bikers counted among the 310 motor-vehicle-related deaths seen in 2020 in Connecticut,...
SPACs Have Rocketed in U.S. but Europe Has Moved More Slowly. Here’s Why.
Mar 29 2021 // STOCKHOLM — “I get an email almost every morning from some SPAC seller telling me to do a SPAC with them,” said Johnny Boufarhat, CEO of Hopin, a virtual events platform. “It’s interesting,...
U.S. Supreme: Accident Victims Can Sue Ford in Minnesota, Montana State Courts
Mar 26 2021 // The Supreme Court has ruled that Michigan-based Ford Motor Co. can be sued in the state courts of people who were killed or seriously injured in accidents involving Ford vehicles. The justices unanimously rejected the...
People Moves: Kinsale’s Secor to Hamilton’s New U.S. Unit; Marsh Names Quintal, McLellan Financial Lines Leaders
Mar 26 2021 // Marsh and Hamilton announced several professional appointments this week. Hamilton Insurance Group, Ltd. has appointed Jamie Secor as head of Professional Liability Insurance at its U.S. managing general agency, Hamilton...
U.S.C. Paying $1.1B to Patients of Gynecologist in Alleged Abuse Cases
Mar 26 2021 // The University of Southern California on Thursday announced a settlement for $852 million, bringing the total to $1.1 billion going to the former patients of a campus gynecologist accused sexually abusing hundreds of...
U.S. Oversight Board Questions AstraZeneca’s COVID-19 Vaccine Data
Mar 23 2021 // AstraZeneca may have released outdated information on its latest COVID-19 vaccine trial, giving an “incomplete” picture of its efficacy, a leading U.S. health agency said on Tuesday, casting doubt on the...
UFG Insurance to Diversify Risk Profile by Expanding into Reinsurance Across U.S.
Mar 23 2021 // UFG Insurance is looking to diversify across the U.S. by expanding into assumed reinsurance business – partly via quota share arrangements, such as the recently announced deal with Topsail Re, a Cayman Islands-based...
Oliver Wyman Predicts COVID Herd Immunity for U.S. by Mid-Summer
Mar 16 2021 // The U.S. will reach herd immunity threshold when more than 71% of the U.S. population has been exposed to COVID or effectively vaccinated against it, most likely by mid-summer, says a management consultant firm that has...
A U.S. Storm that Will Break Insurance Records – and Other February Storms, Quakes
Mar 15 2021 // February saw a spate of winter storms in the United States, including the period from Feb. 12-20, which will become the U.S. insurance industry’s costliest winter weather peril on record, according to insurance...
Homeowners’ Suit of Reno Over Flooding Now in U.S. Court
Mar 11 2021 // Dozens of residents who are suing the city of Reno over the flooding of their homes in 2017 are moving to federal court in a complex case that could cost taxpayers millions of dollars. The move comes as the city’s...
China’s Microsoft Hack, Russia’s SolarWinds Attack Threaten to Overwhelm U.S.
Mar 10 2021 // China’s global attack on Microsoft’s popular email software revealed last week and an equally sprawling Russian attack discovered three months ago have created a two-front war that threatens to overwhelm...
Zurich Names Jordan, Heintz to Appoint U.S. Middle Market South Region
Mar 9 2021 // Zurich has promoted Kim Jordan to regional vice president for the South Region, and Jim Heintz was named the underwriting manager for the South Central area. Jordan and Heintz held their new positions on an interim basis...
Marsh Appoints Aon’s Bryant as U.S. Public Entity Industry Practice Leader
Mar 8 2021 // Kevin Bryant Marsh has added Kevin Bryant to lead its National Public Entity Industry Practice. In this role, Bryant will work with state and local government and not-for-profit clients across the U.S., offering public...
