Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
US E&S Growth Slower in 2023; Berkshire, AIG Top Premium Rankings
Jun 13 2024 // An analysis by S&P Global Market Intelligence reveals that the pace of growth in the U.S. excess and surplus lines market has slowed since a peak growth rate of 32.3% recorded in 2021. In 2023, growth remained...
US Inflation Report Offers a Break for Price-Weary Consumers
Jun 12 2024 // US consumers, unaccustomed to falling prices for the past several years, were able to breathe a little bit easier last month as many necessities — from groceries to gasoline to car insurance — became cheaper. Even many...
Hiscox Appoints Plymouth Rock’s Boyd to US CEO
Jun 12 2024 // Hiscox appointed Mary Boyd CEO of its U.S. business unit to replace Kevin Kerridge, who is stepping down after 30 years in the business. Mary Boyd Boyd, who will join specialist insurer Hiscox on June 24, was CEO of...
US House Committee Report Finds Wall Street ‘Colluded’ to Curb Emissions
Jun 11 2024 // A U.S. congressional committee will accuse the biggest Wall Street firms on Tuesday, in a report seen by Reuters ahead of its publication, of colluding with advocacy groups to force companies to shrink their greenhouse gas...
WTW: US Commercial Insurance Price Increases in Q1 ‘Steady’ at 6.3%
Jun 11 2024 // Broker WTW said commercial lines insurance increased overall by an average of 6.3% during the first quarter. Quarterly price increases have been about 6% since the global pandemic, WTW reported in its Commercial Lines...
Homeownership Costs in US Jumped 26% Since Pandemic Began
Jun 11 2024 // The cost of owning a home in the US has increased 26% since 2020, as expenses including taxes, insurance and utilities all soared during a period of high inflation across the economy. The average annual outlay for owning...
US Supreme Court to Hear Facebook Bid to Scuttle Shareholder Lawsuit
Jun 10 2024 // The U.S. Supreme Court agreed on Monday to hear a bid by Meta’s Facebook to scuttle a private securities fraud lawsuit accusing the social media platform of misleading investors in 2017 and 2018 about the misuse of...
US Chamber of Commerce: Nuclear Verdicts’ Amount, Frequency Continue to Increase
Jun 10 2024 // A recent report from The U.S. Chamber of Commerce Institute for Legal Reform (ILR) has found that nuclear verdicts of $10 million or more are on the rise. Looking at verdicts from 2013 to 2022, ILR said the median nuclear...
US Military Confirms Houthi Missile Strikes on Two Ships in Gulf of Aden
Jun 10 2024 // Yemen’s Houthi damaged two commercial vessels in missile attacks in the Gulf of Aden in the last 24 hours as part of the militia group’s ongoing campaign against international ocean shipping, U.S. Central...
Russian Oil Tanker Does Secret Cargo Switch Near Singapore to Dodge US Sanctions
Jun 10 2024 // The first Russian oil tanker attempting to deliver crude while under US sanctions made a secret cargo transfer onto another ship, a sign of the lengths to which Moscow is going to undermine the effectiveness of American...
Top Law Firms in US Opioid Lawsuits to Get Hundreds of Millions in Fees
Jun 10 2024 // A court-appointed panel on Friday recommended how to divvy up a pool of $2.13 billion in legal fees from nationwide drug industry settlements over the U.S. opioid crisis, with top firms set to receive hundreds of millions...
US Auto Insurance Market on the Mend; Homeowners Line Volatile: Fitch
Jun 7 2024 // The U.S. personal insurance sector is positioned for improving underwriting performance in 2024. According to Fitch’s latest U.S. Personal Lines Market Update, the change is predicted amid signs that the previous...
People Moves: AXIS Appoints Boulos and Ryan to Head US Ocean Marine
Jun 7 2024 // Paul Boulos AXIS Capital Holdings Limited, headquartered in Pembroke, Bermuda, appointed Paul Boulos and Rob Ryan as heads of ocean marine. Boulos and Ryan will be responsible for building a suite of ocean marine-related...
Tornadoes Touch Down Across US, Killing Toddler in Michigan and Injuring 5 in Maryland
Jun 7 2024 // LIVONIA, Mich. (AP) — A tornado killed a 2-year-old boy and injured his mother Wednesday when a tree fell on their house in suburban Detroit, while emergency workers in Maryland were responding to reports of collapsed...
US Regulators to Open Antitrust Inquiries of Microsoft, OpenAI and Nvidia
Jun 6 2024 // The U.S. Justice Department and the Federal Trade Commission have reached a deal that allows them to proceed with antitrust investigations into the dominant roles that Microsoft, OpenAI and Nvidia play in the artificial...
Tyson Foods Accused by Conservative Group of Hiring Migrants Over US Citizens
Jun 5 2024 // A group founded by former Trump administration officials has accused Tyson Foods of discriminating against U.S. citizens by disproportionately hiring immigrants, including children and people in the country...
US Farmers Opt for Soy to Limit Losses as All Crop Prices Slump
Jun 4 2024 // Mark Tuttle planted more soy and less corn on his northern Illinois farm this spring as prices for both crops hover near three-year lows and soybeans’ lower production costs offered him the best chance of turning a...
US Cyber Chief Sees ‘Very Aggressive’ Chinese Hacking Strategy
Jun 4 2024 // A top US spy chief said China is increasingly using its companies to find vulnerabilities in their own computer networks and then tapping that knowledge to target foreign nations and industries. “We’re really...
US Workers’ Comp Line Still Showing Strong Profits, Lower Claim Frequency
Jun 3 2024 // Net written premium in the U.S. workers’ compensation insurance market grew by just 1% from 2022 to 2023, a far smaller percentage than most other property/casualty lines. However, the workers’ compensation...
US P/C Insurers Hit Record Investment Income in 2023
May 31 2024 // The U.S. property/casualty insurance segment’s net investment income hit a record $73.9 billion in 2023, bolstered by the higher interest rate environment, according to a new AM Best report. The Best’s Special...
