Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Allianz Sets Aside $4.2B to Handle Probes, Lawsuits After Collapse of Investment Funds
Feb 18 2022 // German insurer and asset manager Allianz ALVG.DE on Thursday said it would set aside 3.7 billion euros ($4.20 billion) to deal with investigations and lawsuits resulting from the collapse of a multi-billion-euro set of...
U.S. Investigates 416,000 Tesla Vehicles Over Unexpected Braking
Feb 18 2022 // The National Highway Traffic Safety Administration (NHTSA) said Thursday it is opening a formal investigation into 416,000 Tesla vehicles over reports of unexpected brake activation tied to its driver assistance system...
Climate Change Could Push Flood Losses in U.S. to $40B by 2050
Feb 17 2022 // Climate change could result in the financial toll of flooding rising by more than a quarter in the U.S. by 2050, according to new research. The research, led by the University of Bristol and published in Nature Climate...
New Strain of Bird Flu Related to 2015 Virus
Feb 17 2022 // Farms that raise turkeys and chickens for meat and eggs are on high alert and taking steps to increase biosecurity, fearing a repeat of a widespread bird flu outbreak in 2015 that killed 50 million birds across 15 states...
Many Faith Leaders, Denominations Wary of Religious Exemptions for Vaccine
Feb 17 2022 // By the thousands, Americans have been seeking religious exemptions in order to circumvent COVID-19 vaccine mandates, but generally they are doing so without the encouragement of major denominations and prominent religious...
Elon Musk, Tesla Attack SEC for ‘Unrelenting’ Harassment
Feb 17 2022 // Tesla Inc. TSLA.O and its Chief Executive Elon Musk on Thursday accused the U.S. Securities and Exchange Commission (SEC) of harassing them with an “endless” and “unrelenting” investigation to...
FBI Calls Crypto ‘Only Game in Town’ as Ransomware Flourishes
Feb 17 2022 // Cryptocurrencies and deep-fake technology are sending chills throughout the U.S. government, with cyber crooks embracing digital innovations so rapidly that law enforcement can barely keep up, according to the Federal...
Asta and JPO Consulting Launch ARTes, an MGA Specializing in U.S. Inland Marine
Feb 17 2022 // Asta, the third-party managing agent at Lloyd’s, and JPO Consulting, announced the launch of ARTes Specialty Ltd., an independent UK-based managing general agent (MGA), wholly owned by its founders and...
People Moves: Zurich Adds Martino; Lattner Joins Claro Group
Feb 16 2022 // Zurich Names Martino Regional Vice President For Midwest Region of U.S. Middle Market Unit Zurich North America has named Trey Martino as regional Vice President for the Midwest region of its U.S. middle market unit. He...
Rating Upgrades Increase for U.S. P/C Insurers in 2021
Feb 16 2022 // Ratings for the U.S. property/casualty industry returned to pre-pandemic levels with some companies strengthening balance sheets and improving operating results, said financial strength rating agency AM Best. In 2021 the...
Argo Group Completes Sale of Brazilian Business to Spice Private Equity
Feb 16 2022 // Argo Group International Holdings Ltd., the Bermuda-based underwriter of specialty insurance products, announced the completion of the sale of Argo Seguros Brasil S.A. to Spice Private Equity Ltd. “The closing of...
CDC Proposes Changes in Guidance to Doctors on Opioid Prescriptions
Feb 16 2022 // The nation’s top public health agency has proposed changing — and in some instances, softening — guidelines for U.S. doctors prescribing oxycodone and other opioid painkillers. The Centers for Disease Control and...
More Than a Conversation: Building Diversity Means Taking Action
Feb 16 2022 // Powered by InsuranceJournal.tv The cybersecurity and insurance industries have been talking about prioritizing diversity, equity and inclusion for a while, but Larry Whiteside, co-founder and president of Cyversity, says...
Tripwire for Real War? Cyber’s ‘Fuzzy’ Rules of Engagement
Feb 16 2022 // President Joe Biden couldn’t have been more blunt about the risks of cyberattacks spinning out of control. “If we end up in a war, a real shooting war with a major power, it’s going to be as a consequence...
Fatal Fires in St. Louis Expose Vacant Home Risks
Feb 16 2022 // Thick smoke billowed from the vacant, crumbling St. Louis house, but Benjamin Polson knew homeless people might be inside taking refuge from the January chill. So the 33-year-old firefighter went in. It cost him his...
Jury Rejects Palin’s Libel Claim Against New York Times
Feb 15 2022 // A U.S. federal jury on Tuesday ruled against Sarah Palin in her lawsuit accusing the New York Times of defaming her in a 2017 editorial that incorrectly linked her to a mass shooting, after the presiding judge said he...
Gunmaker Remington to Pay $73M to Settle Liability Claims With Sandy Hook Families
Feb 15 2022 // Remington Arms will pay $73 million to the families of five adults and four children killed in the Sandy Hook Elementary School massacre, the families said on Tuesday, the first time a gunmaker has been held responsible...
Ohio Electric System Settles Lawsuits Seeking Corporate Reform
Feb 15 2022 // Akron, Ohio-based First Energy announced it has settled a series of shareholder lawsuits seeking corporate reforms in the wake of a bribery and corruption scandal. FirstEnergy in a statement said provisions of the...
Investment Gains Float Weight of $5.6B Underwriting Loss for U.S. P/C Insurers in Nine Months 2021
Feb 15 2022 // An increase in capital gains on investments is largely credited with lifting the after-tax net income of private U.S. property/casualty insurers to $42.1 billion over nine months in 2021 compared to $35.2 billion during...
Insurance Broker Hengguang Among Chinese Firms Filing Small New York IPOs
Feb 15 2022 // At least six Chinese companies have lodged documents for New York listings in recent weeks, filings showed, promising an end to a months-long freeze after an unprecedented clampdown last year by Chinese...
