Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Record-Breaking Pace for U.S. Product Recalls, Says Sedgwick
Aug 19 2022 // The number of U.S. products recalled this year has already surpassed 1 billion, according to the U.S. product recall index recently released by Sedgwick’s brand protection division. Only two other years on record...
Endo Files for Bankruptcy as U.S. Opioid Litigation Drags
Aug 18 2022 // Endo International Plc filed for bankruptcy on Tuesday after reaching a $6 billion deal with some of its creditors, as the U.S. drugmaker seeks to settle thousands of lawsuits over its alleged role in the country’s...
U.S. Traffic Deaths Hit 20-Year-High in Early 2022
Aug 17 2022 // U.S. traffic deaths jumped about 7% in the first three months of 2022 to 9,560, the highest number of people killed on American roads in a quarterly period since 2002, regulators said on Wednesday in a preliminary...
People Moves: Senior Roles at Ryan Specialty Underwriting Managers; Snyder Named President U.S. Insurance at Argo; Kovach Joins Concert
Aug 16 2022 // Ryan Specialty Appoints New Senior Leadership within Underwriting Managers Specialty Chicago-based Ryan Specialty has made appointments to three new senior leadership roles within the Underwriting Managers specialty. Brian...
Starbucks Seeks to Pause Union Elections at U.S. Cafes, Claims Misconduct
Aug 15 2022 // Starbucks on Monday accused the federal labor board overseeing union elections at its U.S. cafes of misconduct and asked for elections to be suspended nationwide pending the outcome of an investigation. The coffee chain...
U.S. Crop Writers Post Record Premium Growth: AM Best
Aug 15 2022 // Premiums in the federal multi-peril crop insurance (MPCI) program surged in 2021 to a record high of $14.9 billion, an increase of nearly 40% over the previous year, according to an AM Best report. The new Best’s...
Admiral Sees Cost of Motor Claims Running High in Britain and U.S.
Aug 10 2022 // The cost of paying auto claims is running particularly high in Britain and the United States, insurer Admiral’s chief said on Wednesday, after the company posted a 48% fall in pretax profit due to a “more...
Independent Agents Place Majority of U.S. P&C Insurance: Big I
Aug 9 2022 // The independent agency channel places 62% of all property-casualty insurance written in the U.S., according to the Big “I” 2022 Market Share Report. The annual Market Share Report compiles and analyzes property...
U.S. Imposes Sanctions on Virtual Currency Mixer Tornado Cash
Aug 8 2022 // The United States on Monday imposed sanctions on virtual currency mixer Tornado Cash, accusing it of helping hackers, including from North Korea, to launder proceeds from their cyber crimes. A senior Treasury Department...
U.S. Agency Probes Tesla Crashes That Killed 2 Motorcyclists
Aug 8 2022 // Two crashes involving Teslas apparently running on Autopilot are drawing scrutiny from federal regulators and point to a potential new hazard on U.S. freeways: The partially automated vehicles may not stop for...
U.S. Captive Market Thrives Amid Capacity, Pricing Challenges
Aug 8 2022 // The U.S. captive insurance market segment continued to generate profits and surplus gains in 2021 while outperforming the commercial market, according to a new AM Best report. The Best’s Special Report, “U.S....
People Moves: Canopius Group Hires Sweeper to Lead US Application Support Team; Ryan Specialty Names Blackshear Head of DEI
Aug 4 2022 // Canopius Group Hires Roberta Sweeper to Lead US Application Support Team Canopius Group announced that it has expanded its technology capabilities with the addition of a US application support team as part of the...
U.S. Crypto Company Nomad Hit by $190 Million Theft
Aug 3 2022 // U.S. crypto firm Nomad has been hit by a $190 million theft, blockchain researchers said on Tuesday, the latest such heist to hit the digital asset sector this year. Nomad said in a tweet that it was “aware of the...
FCA US, Formerly Chrysler Group, to Pay $300 Million for Emissions Scheme
Aug 2 2022 // FCA US LLC (FCA US), formerly Chrysler Group LLC, was sentenced in federal court in Detroit and ordered to pay a fine of $96,145,784; and a forfeiture money judgment of $203,572,892. The court also imposed a three-year...
Floods, Storms Drive Global Insured Catastrophe Losses of US$38B in H1 2022: Swiss Re
Aug 2 2022 // A series of winter storms in Europe, record floods in Australia and South Africa as well as a high number of thunderstorms in the U.S. and Europe resulted in US$35 billion of insured losses from natural catastrophes in the...
Western U.S. Wildfires Explode in Size Amid Hot, Windy Conditions
Aug 1 2022 // Wildfires in California and Montana exploded in size overnight amid windy, hot conditions and were quickly encroaching on neighborhoods, forcing evacuation orders for over 100 homes Saturday, while an Idaho blaze was...
Most U.S. Small Businesses Worry Recession Is Coming
Aug 1 2022 // Some 93% of small business owners are worried that the United States will enter a recession in the next six months, a recent survey released by Goldman Sachs showed, with a majority of firms saying the country was headed...
U.S. Crop Writers Post Record Premium Growth on Commodity Prices, Innovation: AM Best
Jul 29 2022 // Premiums in the federal multi-peril crop insurance (MPCI) program surged in 2021 to a record high of $14.9 billion, an increase of nearly 40% over the previous year, according to an AM Best report. The new Best’s...
U.S. Financial Stability Oversight Council to ID More Climate-Related Risks
Jul 28 2022 // The Financial Stability Oversight Council convened on Thursday to identify and address climate-related financial risk. The FOC last year published an extensive report on climate-related financial risk and issued dozens of...
Ford Bronco Engine Failures Prompt US Safety Investigation
Jul 27 2022 // Ford Motor Co.’s hot-selling Bronco sport-utility vehicle is the subject of a safety investigation by federal regulators for catastrophic engine failure that can cause the vehicle to lose power at highway speeds. The...
