Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Fitch Keeps Stable Outlook for P/C Insurers After Underwriting Profit in 2018
Apr 22 2019 // After two consecutive years of combined ratios above 100, the U.S. property/casualty industry returned to a modest statutory underwriting profit in 2018 as catastrophe losses slowed, premium growth accelerated and several...
Fight Against Floods Enlists Supercomputers, Drones, Sonar
Apr 22 2019 // An arsenal of new technology is being put to the test fighting floods this year as rivers inundate towns and farm fields across the central United States. Drones, supercomputers and sonar that scans deep under water are...
U.S. Senate Hearing Focuses on Missouri River Flood Prevention
Apr 18 2019 // The federal agency that manages dams along the Missouri River received stern criticism from several U.S. senators Wednesday during a hearing held in Iowa to examine the massive spring flooding this year that caused more...
FAA Board Says Boeing 737 Max Software Fix Won’t Require Added Training
Apr 18 2019 // A board of pilot experts appointed by U.S. aviation regulators has reviewed Boeing Co.’s proposed software fix for the grounded 737 Max aircraft and concluded that pilots won’t need additional simulator...
30 Central Banks, Minus U.S., Call for More Green Financing, Better Climate Risk Assessment
Apr 18 2019 // With insurers shouldering a record $160 billion in climate-related losses from last year alone, a group including 30 central banks called for measures to spur green finance and better assessment of the risks from higher...
Experts Give Texas Mixed Reviews on Disaster Preparedness
Apr 17 2019 // More than a year and a half after Hurricane Harvey slammed into Texas, killing dozens, the state is still waiting on billions in federal recovery dollars. In the meantime, Texas lawmakers are looking to prepare the state...
Cyber Insurance Demand, Supply, Awareness Continue to Grow: Marsh
Apr 17 2019 // The message about the need to take cyber risk and insurance seriously is getting through to companies and boardrooms. “As risk awareness has grown, more organizations, particularly those focused on their business...
Supreme Court Justices Politely Debate Offensive Trademark
Apr 17 2019 // U.S. Supreme Court justices tiptoed around the offensive word at the center of a free speech case on Monday as they considered a challenge to a federal law that restricts trademarks on “immoral” and...
U.S. Firms in China Say Trade Deal Must Address Unequal Treatment
Apr 17 2019 // Frustrated U.S. businesses can no longer be counted on as a “positive anchor” in U.S.-China relations, a top U.S. business lobby said on Wednesday, arguing any deal to end trade tensions must address structural...
Trump Clears Way for U.S. Suits Against Foreign Firms Operating in Cuba
Apr 17 2019 // The Trump administration will allow lawsuits in U.S. courts for the first time against foreign companies that use properties Communist-ruled Cuba confiscated after Fidel Castro’s revolution in the 1950s, a senior...
Supreme Court Denies Drug Maker’s Use of Native American Tribe to Shield Patents
Apr 16 2019 // The U.S. Supreme Court on Monday cast aside pharmaceutical company Allergan Plc’s unorthodox bid to shield patents from a federal administrative court’s review by transferring them to a Native American...
Liberty Mutual to Acquire AmTrust’s Surety, Credit Reinsurance Business
Apr 15 2019 // Liberty Mutual Insurance said it has agreed to acquire the global surety and credit reinsurance operations of property/casualty insurer AmTrust Financial Services. Terms of the deal were not disclosed. Upon closing,...
More Than 200K Without Power Following Violent Northeastern U.S. Storms
Apr 15 2019 // More than 200,000 homes and businesses in eight states were without power early Monday after violent thunderstorms and heavy rains swept through the U.S. Northeast. Virginia and Pennsylvania were the hardest hit, with...
Contaminated Oil Linked to U.S. Reserves Raises Safety Concerns
Apr 15 2019 // Exxon Mobil Corp. is the latest company to raise concerns that a stockpile of U.S. government crude is tainted with poisonous gas. The American energy giant said some of the oil it purchased last year from the Energy...
Markel Internal Review Finds ‘No Bad Faith’ Related to Loss Reserves Under Investigation
Apr 15 2019 // Markel Corp. said that an internal review conducted by outside counsel found “no evidence that personnel of its CATCo unit acted in bad faith in exercising business judgment in the setting of reserves and making...
IMF Officials Urge Governments to Limit Risks to Global Economy
Apr 15 2019 // The International Monetary Fund warned governments not to rock the boat with trade wars and other disruptions at a time when the global economy is already sailing through choppy waters. “We see downside risk and that...
Judge Directs Bayer to Enter Mediation with Plaintiffs in Roundup Cancer Lawsuits
Apr 15 2019 // A U.S. judge ordered Bayer AG to pursue mediation with plaintiffs claiming that its Roundup weedkiller causes cancer, asking the company to try to settle lawsuits that have wreaked havoc on its share price. More than...
Synergy Professional Associates Expands Lawyers PL Program to 3 New States
Apr 15 2019 // Synergy Professional Associates, in partnership with Tokio Marine HCC – Professional Lines Group, has expanded its lawyers professional liability programs focusing on small law firms into Colorado, Florida and New...
Americans Still Don’t Trust Autonomous Vehicles, Reuters Poll Shows
Apr 15 2019 // Half of U.S. adults think automated vehicles are more dangerous than traditional vehicles operated by people, while nearly two-thirds said they would not buy a fully autonomous vehicle, according to a new Reuters/Ipsos...
Commercial Auto Forecast Improves, But Not Much: A.M. Best
Apr 15 2019 // A.M. Best maintains its negative outlook for the U.S. commercial auto insurance market even though its analysts believe it should improve somewhat in 2019. That forecast stems from commercial auto insurers having taken...
