Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
U.S. P/C Industry Records $26.5 Billion Underwriting Loss in 2022
Mar 23 2023 // The U.S. property/casualty (P/C) industry recorded a $26.5 billion net underwriting loss in 2022, $21.5 billion more than the $5 billion underwriting loss reported in 2021, according to a report published by AM Best. The...
J&J to Seek U.S. Supreme Court Review on Unit’s Bankruptcy
Mar 22 2023 // Johnson & Johnson JNJ.N said on Wednesday that it would ask the U.S. Supreme Court to revive its effort to resolve tens of thousands of lawsuits over its talc products through the bankruptcy of a subsidiary, after an...
U.S. Studies Ways to Insure All Bank Deposits If Crisis Grows
Mar 21 2023 // US officials are studying ways they might temporarily expand Federal Deposit Insurance Corp. coverage to all deposits, a move sought by a coalition of banks arguing that it’s needed to head off a potential financial...
Mexico Launches Appeal in Suit Against U.S. Gun Makers
Mar 16 2023 // Mexico has filed an appeal in a civil lawsuit against U.S.-based gun manufacturers, it said on Wednesday, looking to crack down on the trafficking of weapons to powerful drug cartels. A U.S. judge in September dismissed...
U.S. Senate Majority Leader Urges Federal Safety Probe Into All Major Freight Railroads
Mar 16 2023 // U.S. Senate Majority Leader Chuck Schumer on Wednesday urged a federal investigation into safety practices of all seven major freight railroads, following the East Palestine, Ohio derailment of a Norfolk Southern Corp....
Insured Losses From N. Zealand Floods Estimated at US$1.02B, With Profit Hit Expected
Mar 15 2023 // The initial insured losses for the recent floods in the North Island of New Zealand are estimated at NZ$1.65 billion ($1.02 billion), according to PERILS, the independent Zurich-based organization that provides...
Buttigieg Says Recent U.S. Aviation Close Calls ‘Deeply Troubling’
Mar 15 2023 // U.S. Transportation Secretary Pete Buttigieg said on Tuesday that a series of aviation close calls was “deeply troubling and deserve our immediate attention.” The Federal Aviation Administration (FAA) is...
U.S. Commercial Rates Increased in Q4 – But at Slower Pace: WTW
Mar 14 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...
U.S. Sues Rite Aid for Missing Opioid Red Flags
Mar 14 2023 // The U.S. government on Monday sued Rite Aid Corp., accusing the pharmacy chain of missing “red flags” as it illegally filled hundreds of thousands of prescriptions for controlled substances, including...
U.S. Announces it Will Stem SVB Fallout, Customers to Have Deposit Access
Mar 13 2023 // Silicon Valley Bank customers will have access to their deposits starting on Monday, U.S. officials said on Sunday, as the federal government announced actions to shore up deposits and stem any broader financial fallout...
U.S. Chamber of Commerce Calls for AI Regulation
Mar 13 2023 // The U.S. Chamber of Commerce on Thursday called for regulation of artificial intelligence technology to ensure it does not hurt growth or become a national security risk, a departure from the business lobbying...
U.S. Judge Rules Against Google, Keeps DOJ Advertising Case in Virginia
Mar 13 2023 // A U.S. federal judge on Friday rejected a bid by Alphabet Inc’s Google to move a Justice Department lawsuit against it over dominance in advertising technology from Virginia to New York. “I am going to rule...
Groups Say Fire Retardant Injunction Would Increase Western U.S. Risks ‘Dramatically’
Mar 10 2023 // Several groups of associations, cities and counties are attempting to challenge a case in Montana they say has the potential to take away an important tool from firefighting efforts at a time when Western U.S. wildfires...
Significant Hack Potentially Exposes US Lawmakers’ Personal Data
Mar 9 2023 // A serious breach at a healthcare administrator serving the U.S. House of Representatives has potentially exposed the personal data of hundreds of lawmakers and their staff, top representatives and a senior Congressional...
Update: Britain Says Financial Reforms Will Be in Same ‘Orbit’ as EU, U.S.
Mar 9 2023 // Britain’s revamped financial market rules will largely be aligned with U.S. and European Union regulations to minimize disruption to global companies, its financial services minister Andrew Griffith said on...
U.S. Marshals Computer System Hit by Ransomware Attack
Mar 3 2023 // In a major breach of a U.S. Marshals Service computer system this month with ransomware, hackers stole sensitive and personally identifiable data about agency employees and targets of investigations, an agency spokesman...
Canada Joins U.S. and EU in Banning TikTok From Government Phones
Mar 3 2023 // Canada will bar civil servants from using TikTok Inc. on government-issued mobile devices due to security concerns around data collection. The social media app, which is owned by China’s ByteDance Ltd., will be...
People Moves: AXA XL Adds to U.S. Mid-Market Team; Leftwich Joins Zurich to Grow ESG Services; Mace Joins Lockton Affinity
Mar 2 2023 // AXA XL Adds to U.S. Mid-Market Team AXA XL Insurance continues to build out its U.S. Mid-Market business with the recent addition of Bennett Turner as head of strategy and operations and Christopher Fallon, head of...
Kentucky Man Dies in WV Coal Mine, First U.S. Mining Fatality This Year
Mar 1 2023 // A coal miner has died in an incident in a southern West Virginia mine, Gov. Jim Justice said. William Mapes, 73, of Freeburn, Kentucky, died Sunday, Justice said Sunday in a news release. Mapes had 53 years of mining...
U.S. Supreme Court to Hear Fight Over Consumer Watchdog Agency’s Funding
Feb 27 2023 // The U.S. Supreme Court on Monday agreed to decide whether the Consumer Financial Protection Bureau’s funding structure established by Congress violates the U.S. Constitution in a case that President Joe Biden’s...
