Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
People Moves: Kinsale’s Secor to Hamilton’s New U.S. Unit; Marsh Names Quintal, McLellan Financial Lines Leaders
Mar 26 2021 // Marsh and Hamilton announced several professional appointments this week. Hamilton Insurance Group, Ltd. has appointed Jamie Secor as head of Professional Liability Insurance at its U.S. managing general agency, Hamilton...
U.S.C. Paying $1.1B to Patients of Gynecologist in Alleged Abuse Cases
Mar 26 2021 // The University of Southern California on Thursday announced a settlement for $852 million, bringing the total to $1.1 billion going to the former patients of a campus gynecologist accused sexually abusing hundreds of...
U.S. Oversight Board Questions AstraZeneca’s COVID-19 Vaccine Data
Mar 23 2021 // AstraZeneca may have released outdated information on its latest COVID-19 vaccine trial, giving an “incomplete” picture of its efficacy, a leading U.S. health agency said on Tuesday, casting doubt on the...
UFG Insurance to Diversify Risk Profile by Expanding into Reinsurance Across U.S.
Mar 23 2021 // UFG Insurance is looking to diversify across the U.S. by expanding into assumed reinsurance business – partly via quota share arrangements, such as the recently announced deal with Topsail Re, a Cayman Islands-based...
Oliver Wyman Predicts COVID Herd Immunity for U.S. by Mid-Summer
Mar 16 2021 // The U.S. will reach herd immunity threshold when more than 71% of the U.S. population has been exposed to COVID or effectively vaccinated against it, most likely by mid-summer, says a management consultant firm that has...
A U.S. Storm that Will Break Insurance Records – and Other February Storms, Quakes
Mar 15 2021 // February saw a spate of winter storms in the United States, including the period from Feb. 12-20, which will become the U.S. insurance industry’s costliest winter weather peril on record, according to insurance...
Homeowners’ Suit of Reno Over Flooding Now in U.S. Court
Mar 11 2021 // Dozens of residents who are suing the city of Reno over the flooding of their homes in 2017 are moving to federal court in a complex case that could cost taxpayers millions of dollars. The move comes as the city’s...
China’s Microsoft Hack, Russia’s SolarWinds Attack Threaten to Overwhelm U.S.
Mar 10 2021 // China’s global attack on Microsoft’s popular email software revealed last week and an equally sprawling Russian attack discovered three months ago have created a two-front war that threatens to overwhelm...
Zurich Names Jordan, Heintz to Appoint U.S. Middle Market South Region
Mar 9 2021 // Zurich has promoted Kim Jordan to regional vice president for the South Region, and Jim Heintz was named the underwriting manager for the South Central area. Jordan and Heintz held their new positions on an interim basis...
Marsh Appoints Aon’s Bryant as U.S. Public Entity Industry Practice Leader
Mar 8 2021 // Kevin Bryant Marsh has added Kevin Bryant to lead its National Public Entity Industry Practice. In this role, Bryant will work with state and local government and not-for-profit clients across the U.S., offering public...
Engineers Grade U.S. Infrastructure C- as Biden, Congress Prepare to Debate Fix
Mar 5 2021 // America’s infrastructure has scored near-failing grades for its deteriorating roads, public transit and storm water systems due to years of inaction from the federal government, the American Society of Civil...
Brit Combines Ambridge and BGSU to Create U.S. MGA
Mar 4 2021 // Brit Ltd. said it will merge its U.S. service company platform, Brit Global Specialty USA, and its managing general agency Ambridge. The combined entity, which will operate under the Ambridge brand as Ambridge Partners...
U.S. Conducting Probe of 1.9M Toyota RAV4s Over Fire Risk
Mar 2 2021 // U.S. auto safety regulators on Monday said they have opened an investigation into nearly 1.9 million Toyota RAV4 sport-utility vehicles over potential fire risks. The National Highway Traffic Safety Administration (NHTSA)...
U.S. Fines Boeing $6.6 Million Over Safety Pact Noncompliance, Enforcement Cases
Feb 26 2021 // Boeing Co. agreed Thursday to pay $6.6 million in penalties to the Federal Aviation Administration (FAA) after U.S. regulators said it failed to comply with a 2015 safety agreement and cited other safety concerns. The...
U.S. to Urge Barriers, Elevation to Fight New Jersey Back Bay Flooding
Feb 26 2021 // The federal government will recommend flood control measures including storm surge barriers, floodwalls and elevating homes and other buildings in a report later this year on combating back bay flooding, a major problem in...
Massive SolarWinds Hack Prompts Calls for U.S. Law Requiring Cyber Breach Reporting
Feb 24 2021 // A bipartisan group of senators on Tuesday recommended that the U.S. consider requiring companies to disclose when they have been hacked. At the first public hearing before Congress since a massive cyber-attack by suspected...
Munich Re Stops Insuring Nord Stream 2 Pipeline on Fears of U.S. Sanctions
Feb 23 2021 // A subsidiary of Germany’s Munich Re will no longer insure the Nord Stream 2 pipeline from Russia to Europe amid the fear of sanctions by the U.S. government. The U.S. has been threatening sanctions against European...
U.S. Fraud Crackdown Eroding Private Equity’s Liability Shield
Feb 23 2021 // Insiders said one company pushed unnecessary pain medication to the U.S. military; another promoted an unproven treatment for children with cancer; and a third used unlicensed counselors to treat poor people with mental...
Swiss Re Reports Larger-Than-Expected Annual Loss of US$878 Million
Feb 19 2021 // Swiss Re swung to a larger-than-expected annual loss on Friday, pressured by $3.9 billion in claims and reserves related to the coronavirus pandemic, but declared a dividend as the reinsurer expects a return to profit in...
U.S. Financial Services Leaders Support Principles for Low-Carbon Transition
Feb 18 2021 // U.S. financial services leaders have stated their support in principle for a U.S. transition to a low-carbon economy. The support comes following the release of the Principles for a U.S. Transition to a Sustainable...
