Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Coverys Launches London Market Insurer, Approved to Write US E&S Business
Jul 2 2024 // Coverys Ltd., a UK entity in the Coverys Group of Companies, has received regulatory authority to launch a London company market insurer, effective June 26. Coverys Ltd. is part of Coverys’ dedicated London platforms...
Delaware Law to Allow Big Investors Greater Sway Over US Corporate Boards
Jul 2 2024 // Delaware is poised to adopt changes to its widely used corporate law that critics argue could weaken U.S. boards of directors in favor of influential investors such as private-equity firms. State lawmakers last week...
US Home Insurance Still Priced Too Low for Climate Risk, Says Swiss Re Chair
Jul 1 2024 // This has been a year of insurance sticker shock in the US. But the man who provides insurance to insurers thinks maybe the shock still isn’t enough to steer people away from risk in a changing climate. “There...
US Roof Maintenance Lags: Hanover
Jul 1 2024 // More than half of U.S. homeowners did not check their roofs for issues between February 2023 and 2024, according to a recent report by The Hanover Insurance Group. Only 38% of survey respondents reported checking for roof...
Cyber Extortion Reached Record High in US and Canada in 2023: Marsh
Jul 1 2024 // Multiple companies in the United States and Canada experienced a record number of cyber extortion events in 2023 and unprecedented demands, a new report from Marsh shows. The report, Ransomware: A persistent challenge in...
US Auto Insurance Market on the Mend; Homeowners Line Volatile: Fitch
Jul 1 2024 // The U.S. personal insurance sector is positioned for improving underwriting performance in 2024. According to Fitch’s latest U.S. Personal Lines Market Update, the change is predicted amid signs that the previous...
US P/C Insurers Post Best Q1 Underwriting Result In 17 Years
Jun 27 2024 // Even though direct loss ratios for commercial auto and other liability lines rose in first-quarter 2024, across all lines U.S. property/casualty insurers posted a net combined ratio of 94—the best since first-quarter...
Minnesota Dam Risks Failure During Wave of Intense US Weather
Jun 26 2024 // A dam holding back swollen flood waters in Minnesota was at risk of failure Monday as intense weather buffeted much of the US. The Blue Earth River has cut around the west side of the Rapidan Dam, local officials warned in...
Ozempic Maker Novo Plans Another $4.1 Billion US Factory
Jun 26 2024 // Novo Nordisk A/S plans to invest $4.1 billion in another US factory, plowing more money into its biggest market amid rising discontent over the cost of its obesity and diabetes drugs. The project in Clayton, North...
US Judge Skeptical of Biden Overtime Pay Rule
Jun 25 2024 // A federal judge in Texas on Monday seemed likely to stop a Biden administration rule that would extend mandatory overtime pay to 4 million U.S. workers from taking effect, but was unsure whether he could block it...
Wildfire Threats Make Utilities Uninsurable in US West
Jun 25 2024 // Trinity Public Utilities District’s power lines snake through the lower reaches of the Cascade Range, a rugged, remote and densely forested terrain in Northern California that has some of the highest wildfire risk in...
Markets/Coverages: FloodFlash Offers Parametric Flood Product Across US
Jun 24 2024 // FloodFlash announced its expansion to cover all mainland US locations. The sensor-enabled parametric flood insurer provides flood coverage in excess of the National Flood Insurance Program (NFIP) where the private markets...
Climate Change Amplifies Deadly Heat Wave Sweeping Across Southwestern US, Mexico
Jun 24 2024 // Human-caused climate change dialed up the thermostat and turbocharged the odds of this month’s killer heat that has been baking the Southwestern United States, Mexico and Central America, a new flash study...
US Prosecutors Recommend DOJ Criminally Charge Boeing as Deadline Looms
Jun 24 2024 // U.S. prosecutors are recommending to senior Justice Department officials that criminal charges be brought against Boeing after finding the planemaker violated a settlement related to two fatal crashes, two people familiar...
DOJ Drops Claims That TikTok Misled US Consumers in Lawsuit
Jun 24 2024 // The US Justice Department is dropping one of two proposed claims against ByteDance Ltd.’s TikTok, planning to focus a consumer protection lawsuit later this year on children’s privacy instead of allegations the...
Climate Change Blamed on Deadly Heat Wave in Mexico, Southwest US
Jun 21 2024 // Human-caused climate change dialed up the thermostat and turbocharged the odds of this month’s killer heat that has been baking the Southwestern United States, Mexico and Central America, a new flash study...
Biden Bans US Sales of Kaspersky Software Over Russia Ties
Jun 21 2024 // The Biden administration on Thursday announced plans to bar the sale of antivirus software made by Russia’s Kaspersky Lab in the United States, with Commerce Secretary Gina Raimondo saying that Russia’s...
Car Dealerships Across US Halt Services After Cyberattack
Jun 20 2024 // Thousands of car dealerships were ground to a halt during a normally busy holiday Wednesday by a cyber incident at CDK Global, a major software provider for dealers across the US. The company “shut all systems down...
Philip Morris Halts Zyn’s Online Sales in US After Subpoena
Jun 19 2024 // Philip Morris International Inc. stopped online sales of its popular nicotine pouch brand Zyn in the US after receiving a subpoena in the District of Columbia related to flavored products that are banned there. Philip...
Historic US Ship in Philadelphia in Search of New Home After Rent Dispute
Jun 19 2024 // The SS United States, a historic ship that still holds the transatlantic speed record it set more than 70 years ago, must leave its berth on the Delaware River in Philadelphia by Sept. 12, a federal judge says. The...
