Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Fitch Ratings: US Cyber Premium Growth Slows in 2023
May 17 2024 // The U.S. cyber insurance market saw what Fitch Ratings called an unexpected 1% decline in direct written premiums in 2023 following a 160% increase from 2020 to 2022. According to Fitch Ratings’ U.S. Cyber Insurance...
Overall US P/C Combined Ratio Improves in 2023 but Trouble Spots Remain: S&P
May 16 2024 // The U.S. property/casualty industry’s net combined ratio improved in 2023 to 101.7 from 102.5 the prior year, according to S&P Global Market Intelligence. The combined ratio for the industry’s personal...
People Moves: Front Street Re Appoints Fong as CEO; Carmichael Beazley’s New Head of US Cyber
May 16 2024 // Edison Fong Front Street Re, an operating subsidiary of Lexasure Financial Group Limited headquartered in Georgetown, Cayman Islands, appointed Edison Fong as CEO. Before joining Front Street Re, Fong was a director at...
US Senators Unveil AI Policy Roadmap, Seek Government Funding Boost
May 16 2024 // A bipartisan group of U.S. senators, including Majority Leader Chuck Schumer, called on Wednesday for a big jump in government research funding of artificial intelligence as they debate new legal safeguards. Generative...
Before Global Scrutiny, Indian Spice Maker MDH Faced Many US Rejections
May 15 2024 // Popular Indian spice brand MDH, under scrutiny for alleged contamination in some products, has since 2021 seen an average 14.5% of its US shipments rejected due to the presence of bacteria, a Reuters analysis of US...
US Workers’ Comp Line Still Showing Strong Profits, Lower Claim Frequency
May 15 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...
Alphabet’s Waymo Probed by US After Autonomous Car Incidents
May 14 2024 // The top US auto-safety regulator opened an investigation into Waymo, the autonomous-vehicle subsidiary of subsidiary of Alphabet Inc., after 22 incidents in which the company’s cars were involved in collisions or may...
US States Warned of Unhealthy Air From Wildfires: Weather Watch
May 13 2024 // Air quality has turned unhealthy for parts of the Upper Midwest in the US, including the Twin Cities of St. Paul and Minneapolis, as smoke drifts south from ongoing Canadian forest fires, according to AirNow.gov. The US...
US to Provide Nearly $200M to Contain Bird Flu Spread on Dairy Farms
May 13 2024 // The Biden administration said on Friday it will provide nearly $200 million to fight the spread of avian flu among dairy cows, in the government’s latest bid to contain outbreaks that have fueled concerns about human...
China Construction Bank Sued in US Over Reinsurance Fraud Losses
May 10 2024 // China Construction Bank Corp., the nation’s third-largest commercial lender, was accused in a US lawsuit of enabling a massive fraud in the reinsurance industry that left companies with “monumental...
US Financial Regulators Restart Work on Long-Delayed Dodd-Frank Compensation Rules
May 9 2024 // A trio of U.S. financial regulators have resumed work on a long-delayed rule-writing project to make executive compensation plans at financial firms more sensitive to risk. The Federal Deposit Insurance Corporation, Office...
Jury Awards $9M to Player Who Sued US Tennis Association Over Coach’s Sexual Abuse
May 9 2024 // A tennis player was awarded $9 million in damages by a jury in federal court in Florida after accusing the U.S. Tennis Association of failing to protect her from a coach she said sexually abused her at one of its training...
In Tesla Autopilot Probe, US Prosecutors Focus on Securities, Wire Fraud
May 8 2024 // U.S. prosecutors are examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its electric vehicles’ self-driving capabilities, three people familiar with the matter told...
TikTok Lawsuit Sets Stage for Prolonged Legal Fight Over US Ban
May 8 2024 // China-based ByteDance Ltd. made clear it won’t comply with a new US law requiring it to sell its popular TikTok video-sharing app, setting up what likely will be a prolonged court battle pitting free-speech rights...
US Probe Finds Widespread Sexual Misconduct at FDIC
May 8 2024 // The Federal Deposit Insurance Corporation must make sweeping changes to address widespread sexual harassment and other misconduct, according to an independent report released on Tuesday that raises questions about the...
US Indicts Leader of Prolific LockBit Ransomware Gang
May 7 2024 // The leader of one of the most prolific ransomware gangs was indicted and sanctioned by the US government on Tuesday, the latest effort by law enforcement authorities to crack down on rampant cybercrime. Dmitry Yuryevich...
People Moves: Everest Names US Regional Execs to North America Insurance Leadership
May 7 2024 // Everest Insurance, the insurance division of Everest Group, Ltd. headquartered in Hamilton, Bermuda, appointed four United States regional executives as part of realigning its retail business into four regions. Craig...
The Top 15 U.S. Metros with High Exposure to Wildfire Risk
May 7 2024 // The number of wildfires per year is going down, but the increasing size and intensity of the fires is creating more property damage than ever before – in fact, the average fire size has tripled over the past 30 years, a...
Google Trial Wraps Up as Judge Weighs Landmark US Antitrust Claims
May 6 2024 // Google and the U.S. Justice Department wrapped up closing arguments on Friday over claims that the Alphabet unit has unlawfully dominated web search and related advertising, in a case the government contends could shape...
Biden Vetoes Bid to Repeal US Labor Board Rule on Contract, Franchise Workers
May 6 2024 // President Joe Biden followed through on Friday on his vow to veto a Republican-backed measure that would have repealed a U.S. labor board rule treating companies as the employers of many of their contract and franchise...
