Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Severe Weather Set to Boost US Disaster Funding Needs, FEMA Says
Aug 22 2023 // Growing extreme-weather risks mean President Joe Biden’s expected request for billions in extra disaster-relief funding might not be enough for the next fiscal year, FEMA head Deanne Criswell said. Biden’s...
Tropical Storm Hilary Damage and Economic Loss Estimate in Western U.S. is $7B to $9B
Aug 21 2023 // AccuWeather’s preliminary estimate of the total damage and economic loss from Tropical Storm Hilary in the U.S. is $7 to $9 billion. Hilary brought widespread flooding through Southern California, washing out roads...
Sweltering Heatwave Grips Central US, Record High Temperatures Recorded
Aug 21 2023 // HOUSTON (AP) – Sweltering temperatures lingered Sunday in a large swath of the central U.S., causing misery from the Gulf of Mexico almost to the Great Lakes. Record high temperatures were recorded in Texas and other...
US Insurance Giant Marsh Set for $448 Million Honan Deal
Aug 21 2023 // Marsh has agreed to acquire Honan Insurance Group Pty Ltd. as the US insurance broker giant seeks to expand its presence in Australia and New Zealand. The Marsh & McLennan Cos Inc. unit has signed a deal to buy out...
Rate Hikes Not Bringing Profit to US Auto Insurers: Fitch
Aug 18 2023 // Jumps in rates and written premiums did little to move the needle on underwriting profits for U.S. personal auto insurers, Fitch Ratings reported based on a recent review of midyear results of nine big market...
More Funding for U.S.-Based Provider of Retained Climate Risk Reinsurance
Aug 17 2023 // Demex Group raised $5 million from a syndicate of existing and new investors the company says will address accumulating losses caused by secondary perils. The managing general agent, which “operates at the...
What to Know About the Proposed U.S. Cyber Trust Mark
Aug 16 2023 // Powered by InsuranceJournal.tv With cyber attacks continuing to grow and new risks emerging, The Biden-Harris Administration in July announced a cybersecurity certification and labeling program to help U.S. consumers more...
US Congressman Says Chinese Spies Hacked His Emails
Aug 16 2023 // Nebraska Republican Congressman Don Bacon said late on Monday the FBI had warned him that his emails were hacked by Chinese spies, with both personal and campaign messages compromised. Bacon was told that the Chinese...
What Sparks US Wildfires: Power Lines, Burning Trash and Lightning
Aug 15 2023 // The fast-moving fire that ripped through Maui’s historic town of Lahaina killed more than 90 people, making it the deadliest US wildfire in more than a century. The cause of the blaze is still under investigation,...
Maui Fire Is Deadliest in US in 105 Years, With 93 Killed
Aug 14 2023 // The death toll from fast-moving wildfires in Maui rose to 93, making them the deadliest in the US in more than 100 years, as concerns grew about the effectiveness of the island’s emergency alarm system. The number of...
Shippers Warned to Stay Away From Iranian Waters as US-Iran Tensions Run High
Aug 14 2023 // Western-backed maritime forces in the Middle East on Saturday warned shippers traveling through the strategic Strait of Hormuz to stay as far away from Iranian territorial waters as possible to avoid being seized, a stark...
ChatGPT Fever Spreads to US Workplace, Sounding Alarm for Some
Aug 14 2023 // Many workers across the U.S. are turning to ChatGPT to help with basic tasks, a Reuters/Ipsos poll found, despite fears that have led employers such as Microsoft and Google to curb its use. Companies worldwide are...
Political Violence in Polarized US at Its Worst Since 1970s
Aug 11 2023 // As Kristen King’s husband lay dying in their yard from three gunshots to his head, the 911 operator asked her: Did she know who killed him – or why? Sobbing, King identified the shooter as her neighbor in the small...
Allianz Q2 Profit Jumps 7.1% on Higher Results from US Life & Health Insurance
Aug 10 2023 // Allianz SE, the German owner of bond giant Pacific Investment Management Co., said its second-quarter profit jumped from a year earlier as stronger earnings from its insurance business offset weaknesses in its asset...
US Insurers Invested in Fossil Fuels as Climate Risks to Underwriting Mount
Aug 8 2023 // U.S.-based insurers have invested hundreds of billions of dollars in fossil fuel-related assets which in turn contribute to the risk of climate-related damage to the underwriting side of their businesses, a new report said...
Insured Loss Estimate for Turkey Earthquake Rises to US$3.4 Billion: PERILS
Aug 8 2023 // The third loss estimate for the Kahramanmaras Earthquake Sequence, which hit large parts of south-central Turkey and neighboring Syria on Feb. 6, 2023, has risen to $3.4 billion, according to PERILS, the independent...
Allianz Ex-Manager Must Face US Fraud Charges On $7B Investor Loss
Aug 7 2023 // A U.S. judge has rejected former Allianz fund manager Gregoire Tournant’s bid to dismiss a criminal fraud case over his role in causing more than $7 billion of investor losses. In an order made public on Friday, U.S....
Specialty P/C Insurers Outperform Their U.S. Peers: Report
Aug 7 2023 // U.S. property/casualty insurers that focused on difficult to place risks distanced themselves from their peers in key metrics measuring earnings, underwriting profitability, balance sheet growth and other indicators of...
Workers’ Compensation Remains Profit Engine for U.S. P/C Insurers
Aug 7 2023 // Workers’ compensation insurers’ underwriting results continued to outpace the rest of the U.S. property/casualty (P/C) commercial sector in 2022, as they benefited from the long-term decline in workplace...
Teva Agrees to Pay $126M to US Hospitals Over Opioids
Aug 4 2023 // Teva Pharmaceutical Industries Ltd has agreed to pay up to $126 million to U.S. hospitals over 18 years to settle claims that its marketing of opioid drugs raised the hospitals’ operating costs. As part of the...
