Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Insurance Council of Australia Declares Catastrophe for New South Wales Bushfires
Nov 12 2019 // The Insurance Council of Australia (ICA) on Nov. 9 declared a catastrophe for the bushfires blazing in northern New South Wales. The catastrophe declaration is for communities on the mid-north coast affected by bushfires...
Program Manager Victor O. Schinnerer Rebrands as Victor US
Nov 12 2019 // Insurance program manager Victor O. Schinnerer and Co. has rebranded as Victor US. The announcement completes the larger global unification and rebranding of The Schinnerer Group to Victor Insurance Holdings that was begun...
Typhoon Hagibis to Cost Japan’s Economy $10B, with Insured Losses in Billions: Aon
Nov 8 2019 // Typhoon Hagibis is likely to become one of 2019’s costliest events, with economic costs of more than US$10 billion and insured losses minimally in the billions, according to Aon’s monthly catastrophe...
Reuters Report: How Plaintiff Lawyers Help Corporate America Keep Its Secrets
Nov 8 2019 // Paula Lawlor was sifting through piles of internal General Motors Co. documents in a hotel room outside of Los Angeles when she hit pay dirt: Company records showing that GM knew for years that stronger roofs on its...
UPS Liable for Shipping Contraband Cigarettes in New York, Damages Reduced
Nov 8 2019 // A federal appeals court found United Parcel Service Inc liable to New York state and New York City for shipping hundreds of thousands of cartons of untaxed cigarettes, but reduced its payout for damages and unpaid taxes to...
Marsh Taps Army Veteran, JLT Exec Sawyer to Lead U.S. Cyber Risk Consulting
Nov 8 2019 // Global insurance broker Marsh has appointed Reid Sawyer as U.S. Cyber Risk Consulting leader. In this newly created role, Sawyer will lead the strategy and delivery of Marsh’s cybersecurity consulting services in the...
Investors React Positively to Argo CEO’s Exit, Despite Q3 Net Loss
Nov 8 2019 // The day after Argo Group International Holdings announced CEO Mark Watson III was retiring “immediately,” investors seemed ecstatic, driving the company’s stock price up 5.6 percent on Nov....
AM Best Reviews Argo Group’s Ratings in Reaction to SEC Probe, Watson Exit
Nov 8 2019 // AM Best has placed the credit ratings of Argo Group International Holdings Ltd. and its subsidiaries under review with negative implications. These actions are a reaction to the sudden departure of Mark E. Watson III,...
Are Employees Pushing Insurers to Shun Coal in Climate Change Movement?
Nov 7 2019 // Seventeen insurers have restricted insurance services to coal projects in the past two years. A dozen insurers have adopted policies to stop all direct insurance coverage to new coal projects – among them are Allianz,...
Scores of U.S. Dams in Poor Condition Pose Danger to Thousands
Nov 7 2019 // On a cold morning last March, Kenny Angel got a frantic knock on his door. Two workers from a utility company in northern Nebraska had come with a stark warning: Get out of your house. Just a little over a quarter-mile...
Swiss Re’s Kaplan Joins North Carolina-Based AmWINS Group
Nov 7 2019 // AmWINS Group, Inc., a global distributor of specialty insurance products and services, has named Alex Kaplan executive vice president for Alternative Risk. In his new role, Kaplan will lead a new strategy around the...
U.S. Targets Sanction-Evading Shipping Firms, Enlists Help from Insurers, Banks
Nov 6 2019 // The United States will target shipping companies that are in breach of sanctions and aggressively enforce measures across the globe to clamp down on such practices, a top U.S. official said on Wednesday. In one of the...
Philadelphia Fire Highlights Dangers of Old Infrastructure at U.S. Refineries
Nov 6 2019 // How did a piece of piping installed when Richard Nixon was U.S. president go without once being checked before leading to a fire that devastated the East Coast’s largest and oldest oil refinery? That’s a...
Boosting Resilience to U.S. Wildfires Should Be Insurance Industry Priority: I.I.I.
Nov 6 2019 // Nearly a year after the deadliest and costliest wildfire in U.S. history, insurers and the customers they cover are revisiting how to reduce their collective exposure to this risk, according to the Insurance Information...
Argo Group CEO Watson Steps Down as SEC Continues Its Probe of Insurer
Nov 6 2019 // Argo Group International Holdings Ltd. announced the retirement of Mark E. Watson III as chief executive officer, effective immediately. Kevin J. Rehnberg has been named interim chief executive officer, subject to Bermuda...
Microsoft Women Face Skeptical Appeals Court over Unequal-Pay Case
Nov 5 2019 // Women engineers who claim Microsoft Corp. discriminates against them for pay and promotions faced tough questions from a federal appeals court weighing whether their ground-breaking lawsuit should become a class...
Risk Strategies Appoints Powers to Lead Eastern U.S. Employee Benefits Practice
Nov 5 2019 // Risk Strategies, a privately held, Boston, Mass.-headquartered insurance brokerage and risk management firm, has appointed Chris Powers to lead its employee benefits practice for the Eastern U.S. Previously, Powers oversaw...
Nexus Rebrands Equinox Global as Nexus Specialty in the U.S.
Nov 5 2019 // London-based managing general agent Nexus Group announces the rebranding of Equinox Global Inc. in the U.S. as Nexus Specialty Inc. Nexus said the move will enhance the company’s aim to build both through acquisition...
Ascot Launches U.S. Management Liability and Financial Institutions Unit
Nov 5 2019 // Ascot is launching a Management Liability and Financial Institutions group, led by Ryan Becker as executive vice president. The new group will offer a wide range of admitted and non-admitted, primary and excess directors...
Vaping Firm Juul Disregarded Early Signs It Was Hooking Young Users: Reuters
Nov 5 2019 // The San Francisco startup that invented the groundbreaking Juul e-cigarette had a central goal during its development: captivating users with the first hit. The company had concluded that consumers had largely rejected...
