Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
INSHUR Acquires U.S. Transportation Agency ABI; Raises $26 Million
Apr 21 2023 // INSHUR, a global on-demand insurance provider, has acquired American Business Insurance Services in order to expand its operations across the U.S. The company also reported that it completed a capital raise of $26 million,...
People Moves: Ascot Names Williams U.S. CIO; Falcon Expands Leadership Team; Everest Names Mulray President of N.A. Insurance
Apr 19 2023 // Ascot Group Names Williams U.S. CIO Ascot Group has appointed Owen Williams to the newly created role of chief information officer (CIO), Ascot U.S., headquartered in New York, New York. Williams has been working in the...
U.S. P/C Underwriting Profit in 2023? Not Yet, Fitch Predicts
Apr 17 2023 // Analysts at Fitch Ratings predict a better underwriting result for U.S. property/casualty insurers in 2023 than 2022, but the combined ratio is still going to hover above breakeven, according to their forecast. Fitch...
Young Agent Optimism Wanes as Challenging U.S. Economy, Hard Market Continues Andrea Wells
Apr 17 2023 // Optimism among young agents took a hit, falling from 2022 to 2023, according to Insurance Journal’s annual Young Agents Survey. When it comes to their career choice and the future of the independent agency system,...
U.S. Proposes 56% Vehicle Emissions Cut by 2032, Requiring Big EV Jump
Apr 12 2023 // The U.S. Environmental Protection Agency (EPA) on Wednesday proposed sweeping emissions cuts for new cars and trucks through 2032, a move it says could mean two out of every three new vehicles automakers sell will be...
Catastrophe Losses Drive 2021 U.S. P/C Insurer Impairments: AM Best
Apr 10 2023 // Seventeen U.S. property/casualty insurance companies became impaired in 2021, with seven of the impairments driven by catastrophe losses from hurricanes, primarily in Louisiana and Florida, according to an AM Best...
U.S. Personal Auto Results Headed the Wrong Way. Is a U-Turn Possible?
Apr 10 2023 // Although the pandemic may appear more distant in the rearview mirror, its lasting impact on the personal auto insurance industry may be larger than initially expected. Private passenger automobile insurance is the largest...
U.S. Airports’ Outdated Tech Leaves Planes Vulnerable to Runway Near-Misses
Apr 6 2023 // A crucial safety system that’s relied on to avoid potentially fatal collisions at major US airports is aging and plagued by outages that have left travelers unprotected for months at a time. At some airports, it...
The U.S. Leads the World in Weather Catastrophes – Here’s Why
Apr 3 2023 // The United States is Earth’s punching bag for nasty weather. Blame geography for the U.S. getting hit by stronger, costlier, more varied and frequent extreme weather than anywhere on the planet, several experts said....
Markets/Coverages: Beazley Updates Primary U.S. Public D&O Offering
Apr 3 2023 // Specialist insurer Beazley has announced a refreshed Primary U.S. Public D&O wording, available both in the London Market and on a Surplus Lines basis in the U.S. Beazley said it has taken the step to simplify their...
U.S. Commercial Rates Increased in Q4 — But at Slower Pace: WTW
Apr 3 2023 // U.S. commercial insurance prices grew in the fourth quarter of 2022 by an average of 4.8%, down from the rate of 5.2% in the previous quarter (Q3 2022), according to WTW’s most recent Commercial Lines Insurance...
Less Than Half of US Workers Use All Their Vacation Days
Mar 31 2023 // Spring break is here, and summer vacations are just around the bend. But while increasingly stressed-out US workers say having paid time off is critical, many still don’t even take all that they’re...
Near $27B Underwriting Loss in 2022 Largest for U.S. P/C Insurers Since 2011
Mar 30 2023 // Key financial results for private U.S. property/casualty insurers significantly worsened in 2022 from a year earlier, according to preliminary results from global analytics provider Verisk and the American Property...
At Least 50 U.S. Government Employees Hit With Spyware, Prompting New Rules
Mar 29 2023 // At least 50 U.S. government staffers stationed in 10 countries were targeted with commercial hacking tools, commonly known as spyware, according to a senior administration official, highlighting the growing threat caused...
Hyundai, Kia Warn 570,000 US Owners to Park Outside Due to Fire Risk
Mar 27 2023 // Hyundai and Kia are recalling just over 570,000 U.S. vehicles over fire risks and urged owners to park outside and away until getting repairs. The automakers said some vehicles with a tow hitch harness could catch fire due...
China Detains Staff, Raids Office of U.S. Due Diligence Firm Mintz Group
Mar 24 2023 // Chinese authorities raided the office of U.S. corporate due diligence firm Mintz Group in Beijing and detained five local staff, the company said, putting foreign companies in China on alert just as the country hosts an...
TikTok Attacked for China Ties as US Lawmakers Push for Ban
Mar 24 2023 // U.S. lawmakers on Thursday battered TikTok’s chief executive about potential Chinese influence over the platform and said its short videos were damaging children’s mental health, reflecting bipartisan concerns...
Yellen Says US Prepared for Additional Deposit Actions If Needed
Mar 24 2023 // Treasury Secretary Janet Yellen told US lawmakers that regulators would be prepared for further steps to protect the banking system if warranted, a day after her remarks on nationwide deposit insurance rattled markets. Her...
People Moves: Marsh appoints Stephens US Central Zone Leader
Mar 23 2023 // Marsh appoints Stephens US Central Zone Leader Sarah Stephens, Marsh’s current head of cyber for the UK and international, Marsh Specialty, will assume the role of US central zone leader on May 1. Stephens will...
U.S. Employers Must Be Careful in Drafting Severance Agreements, Labor Board Warns
Mar 23 2023 // A recent U.S. labor board ruling limiting what employers can include in severance agreements is a reminder that companies must be careful not to ask workers to sign away their rights, the agency’s top prosecutor said...
