Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
JPMorgan Should Pay $190 Million Over Epstein Ties, US Virgin Islands Says
Jul 17 2023 // The US Virgin Islands said it was seeking at least $190 million from JPMorgan Chase & Co. in its lawsuit accusing the bank of enabling Jeffrey Epstein’s sex-trafficking. The territory stated its minimum damages...
Microsoft Says Chinese Hackers Used Code Flaw to Steal Emails From US Agencies
Jul 17 2023 // Microsoft said on Friday that Chinese hackers misappropriated one of its digital keys and used a flaw in the company’s code to steal emails from U.S. government agencies and other clients. The company said in a blog...
Report: US Lacks Comprehensive Cybercrime Data
Jul 17 2023 // The United States lacks comprehensive cybercrime data and monitoring — leaving the country less prepared to combat cybercrime, according to a June report by the United States Government Accountability office. Federal...
US Insurance Market Forecast to Withstand Losses From Large Hurricane This Year: Fitch Report
Jul 17 2023 // With ample capital, Fitch Ratings’ latest annual ‘U.S. Hurricane Season’ report indicates U.S. property and casualty (P/C) and reinsurers can absorb losses if a large hurricane makes landfall this...
People Moves: Romeo to Lead Axis US Marine Cargo Launch; Verisk Names Vaughan Chief Privacy Officer; Pelissier Joins Alliant Specialty as SVP
Jul 13 2023 // Axis Capital Holdings Limited said Frank Romeo will lead the company’s entry into the US marine cargo insurance market. Romeo is responsible for building the program and identifying growth opportunities, with a...
Allianz US Unit Ordered to Pay $6 Billion in Securities Fraud Case
Jul 13 2023 // A New York judge ordered a unit of Allianz SE to pay about $6 billion as punishment for misrepresenting the investment risk posed by a group of hedge funds that collapsed amid market fluctuations caused by the Covid-19...
People Moves: WTW Names Mascaro Hospitality Leader; Leach SVP, Founder of K2 Financial US Ops; MEMIC Hires Underwriters
Jul 11 2023 // WTW announced the appointment of Juan Mascaro as hospitality segment leader, a part of the Real Estate, Hospitality, and Leisure Division within Corporate Risk and Broking (CRB), North America. Mascaro has more than two...
Workers’ Compensation Undercuts Employer Liability Exclusion, U.S. Appeals Court Rules
Jul 11 2023 // Since workers’ compensation shields an employer from liability, an insurer may not be able to rely on an employer liability exclusion in a commercial general liability policy to avoid claims. That’s the...
Rising ‘Anti-ESG’ Sentiment in US Is Impacting Funds, HSBC Says
Jul 11 2023 // The backlash against investing strategies that factor in environmental, social and governance issues is rising in the US and is impacting the way managers are thinking about integrating such considerations into their...
Generali Buys U.S. Asset Manager Conning Under Deal With Cathay Life
Jul 7 2023 // Generali has agreed to buy Connecticut-based asset manager Conning Holdings as part of a partnership with Cathay Life, a unit of Taiwan’s Cathay Financial Holding, the Italian insurer said on Thursday. The deal,...
US Labor Agency Sues Starbucks Over Treatment of Seattle Workers
Jul 6 2023 // The National Labor Relations Board on Thursday sued Starbucks SBUX.O over the coffee chain’s refusal to rehire 33 workers as it reorganized three downtown Seattle stores, including its flagship store in Pike Place...
People Moves: AIG’s Jainchill Joins Lockton as U.S. Cyber & Technology Product Leader
Jul 6 2023 // Lockton Adds Jainchill as U.S. Cyber & Technology Product Leader Lockton in New York, N.Y has hired Chuck Jainchill as its U.S. cyber and technology product leader. Jainchill joins Lockton after 16 years at AIG, where...
U.S. Insurers Hit Hardest by Inflation: Triple-I Study
Jul 3 2023 // U.S. insurers have paid more than their counterparts worldwide to repair and rebuild damaged properties and vehicles due to inflation since 2018, according to an executive briefing conducted on behalf of the International...
Report: US Lacks Comprehensive Cybercrime Data
Jun 30 2023 // The United States lacks comprehensive cybercrime data and monitoring – leaving the country less prepared to combat cybercrime, according to a June report by the United States Government Accountability office. Federal...
Canadian Wildfires Are Causing Unhealthy Air Quality Again in Chicago, Other Parts of the US
Jun 29 2023 // CHICAGO (AP) – Drifting smoke from the ongoing wildfires across Canada is creating curtains of haze and raising air quality concerns throughout the Great Lakes region, and in parts of the central and eastern United...
Anti-ESG Movement in U.S. Feeds Anxiety Among UK Investors
Jun 28 2023 // Investors in the UK are starting to worry that the anti-ESG movement may spread from the US and get a foothold on the other side of the Atlantic. The UK Sustainable Investment and Finance Association (UKSIF), whose members...
In 2021 US Firearm Fatalities Reached Record Highs for Second Straight Year: Report
Jun 23 2023 // Newswise — A new report from the Johns Hopkins Center for Gun Violence Solutions analyzing 2021 Centers for Disease Control and Prevention data reveals another record year for firearm fatalities. The 48,830 lives lost to...
Fitch: US Insurance Market Forecast to Withstand Losses From Large Hurricane This Year
Jun 21 2023 // With ample capital, Fitch Ratings’ latest annual ‘U.S. Hurricane Season’ report indicates U.S. property and casualty (P/C) and reinsurers can absorb losses if a large hurricane makes landfall this...
Southern US Hit by Power Outages as Heat Wave Grips Texas
Jun 20 2023 // AUSTIN, Texas (AP) – More than 100,000 customers in the southern U.S. remained without power Monday following damaging storms, leaving residents searching for relief as sweltering temperatures continued to scorch the...
Weekend Mass Shootings Leave 6 People Dead and Dozens Injured Across the US
Jun 20 2023 // Mass shootings and violence across the U.S. killed at least six people this weekend, including a Pennsylvania state trooper, and wounded dozens of people. Multiple people with guns fired shots at a holiday crowd in...
