Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
US Inflation Up Again in February in Latest Sign Price Pressures Remain Elevated
Mar 14 2024 // Consumer prices in the United States picked up last month, a sign that inflation remains a persistent challenge for the Federal Reserve and for President Joe Biden’s re-election campaign, both of which are counting...
People Moves: Howden Tiger Taps Byler From Carpenter to Lead US Casualty; Markel Promotes Atkin to Head of Bloodstock for London Markets
Mar 14 2024 // This edition of International People Moves details appointments at Howden Tiger and Markel. A summary of these new hires follows here. Howden Tiger Taps Byler From Carpenter to Lead US Casualty Division Howden Tiger, the...
Cancer Clinics Face Cash Crunch After Hack Rocks US Health Care
Mar 13 2024 // Doctors across the US are stretching to keep their practices afloat as a debilitating cyberattack on a once little-known company at the center of the health-care system continues to cause havoc. The Feb. 21 attack against...
US Natural Gas Pipeline Accidents Pose Big, Unreported Climate Threat
Mar 13 2024 // Last October, an Idaho farmer using a backhoe punched a hole into a 22-inch pipeline buried under a field, sending more than 51 million cubic feet of natural gas hissing into the air. While the incident on Williams...
US Treasury Drops Plan to Collect Insurer Data on Climate Risks
Mar 8 2024 // The US government is stepping away from its effort to collect data on home insurance prices and availability at the Zip code level as premiums soar and climate risks to property intensify. Instead, it will join in a...
Booming Stock Market Leads to Higher US Household Wealth
Mar 8 2024 // U.S. household wealth rose to a record of roughly $156.2 trillion at the end of 2023 thanks to a surging stock market that offset a drop in property market values, the Federal Reserve said on Thursday. Household net worth...
US Commercial Lines Survey Shows Aggregate Increase of 6.6% in Q4: WTW
Mar 7 2024 // U.S. commercial insurance prices increased 6.6% in the fourth quarter 2023, with “intriguing shifts” in some coverage areas, according to a survey from broker WTW. According to the latest results from...
US P/C Industry Underwriting Loss Reaches 10-Year High: AM Best
Mar 7 2024 // Industry rating agency AM Best said the U.S. property/casualty industry’s underwriting loss for 2023 reached a 10-year high of $38 billion, attributable to severe weather-related losses, stubborn inflation, and...
US Trade Groups Sue Over Biden Rule on ‘Gig’ Work, Contracting
Mar 6 2024 // Major U.S. business groups on Tuesday filed the latest lawsuit challenging a Biden administration rule that would make it more difficult for companies to treat some workers as independent contractors rather than...
Physician Group Asks US to Make Funds Available to Doctors Hurt by Change Hack
Mar 5 2024 // Influential U.S. doctors’ group the American Medical Association (AMA) on Monday asked the Biden Administration to make emergency funds available to physicians hurt by ongoing problems created by the hack of...
Skeptical AM Best Tags US D&O Segment With Negative Outlook
Mar 4 2024 // Rating agency AM Best has assigned a negative outlook to the U.S. directors and officers liability insurance segment as more market entrants increase capacity and drive down pricing in the face of some troubling potential...
Ship Sunk by Houthis Threatens Red Sea Environment, Yemen Gov’t, US Military Say
Mar 4 2024 // A UK-owned ship attacked by Houthi militants last month sank in the Red Sea, the U.S. military confirmed on Saturday, as it echoed a warning from Yemen’s internationally recognized government that the vessel’s...
US Judge Says Google Must Face Some Advertisers’ Antitrust Claims, Dismisses Others
Mar 4 2024 // Alphabet’s Google must face advertisers’ proposed class action lawsuit claiming that it monopolizes the ad exchange market, a U.S. judge ruled on Friday. But U.S. District Judge Kevin Castel dismissed some...
Spike in Recent Ratings Downgrades Shows Challenges for US Insurers
Mar 4 2024 // Negative ratings actions and financial challenges are forcing carriers to explore reinsurance options offering needed capital, according to a report released last month by Gallagher Re’s Strategic and Financial...
People Moves: Marsh McLennan Names Liston US, Canada Chief Commercial Officer
Mar 1 2024 // Marsh McLennan, headquartered in New York, appointed David Liston as U.S. and Canada chief commercial officer (CCO) effective immediately. Liston previously served as Marsh U.S. and Canada corporate segment leader, and...
Drugmaker Endo Reaches $465M Bankruptcy Settlement With US
Mar 1 2024 // Bankrupt drugmaker Endo International will pay up to $465 million to settle the federal government’s law enforcement, tax, and healthcare cost claims, the U.S. Department of Justice said on Thursday. The settlement...
Profit Recovery Will Vary Among U.S. Personal Auto Carriers: Fitch
Feb 29 2024 // Fitch Ratings said it expects underwriting results for U.S. personal auto insurer to continue to improve this year but the pace to profitability will vary. Auto insurers Progressive and GEICO were the only two of 10...
UnitedHealth Faces Antitrust Probe by US Justice Department
Feb 29 2024 // The US Department of Justice has initiated an antitrust investigation into UnitedHealth Group Inc., people familiar with the matter said Tuesday. The probe opens a new layer of scrutiny on the largest US health insurer...
Over 44,400 Lives Lost Due to US Vehicle Crashes in 2023
Feb 28 2024 // There were about 44,450 motor vehicle fatalities in the United States in 2023—down from 2022 but still very high—according to a preliminary analysis released by the National Safety Council (NSC). Fatalities were down...
US, Philippines Pay Highest Economic Price for Climate-Fueled Weather
Feb 28 2024 // The United States and the Philippines are the countries hit hardest by climate-driven extreme weather, measured as a percentage of their economies, according to a report released Wednesday by global reinsurance giant Swiss...
