Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
January’s U.S. Storms, Australia Floods Bring Economic Damages Near $2B: Aon
Feb 11 2019 // Multiple winter storms and extreme cold led to 45 deaths and cost the U.S. economy $1 billion during January, according to Aon’s Global Catastrophe Recap – January 2019. The report listed the winter storm events in...
Sanctions Against Sudan Are Lifted but Insurers Still Can’t Buy Overseas Reinsurance
Feb 11 2019 // Sixteen months after the United States lifted most sanctions on Sudan, businesses are unable to operate dollar transactions, insurance companies are cut off from the reinsurance market and the local airline is virtually...
Accidents Could Ground Drone Industry, House Committee Chair Warns
Feb 11 2019 // The commercial drone industry could be torpedoed if there were a serious accident involving a drone and a commercial aircraft, the chairman of the U.S. House Transportation and Infrastructure Committee warned on...
Bipartisan Bill Would Require Secondary Cockpit Door on All Existing Airplanes
Feb 11 2019 // U.S. lawmakers are pushing for stronger aviation security with a bipartisan bill that would require passenger airlines to install secondary security doors between cabins and the cockpit on current aircraft to prevent...
Zurich Insurance Reports 24% Jump in 2018 Net Income Driven by Life, P/C Units
Feb 8 2019 // Zurich Insurance’s reported 2018 net income after tax of $3.72 billion, a 24 percent jump from $3.0 billion it reported in 2017 – primarily driven by growth in its life business and improved underwriting in its...
Texas Governor, Officials Urge Feds to Clear Way for Harvey Money
Feb 7 2019 // A growing chorus of high-ranking Texas officials is calling on the federal government to establish rules that will allow for the flow of $4.3 billion to the state for Hurricane Harvey recovery. Texas has been waiting a...
Court Ruling Against ‘Law of Nature’ Patent Riles Biotech
Feb 7 2019 // A way to diagnose a severe neurological disorder can’t be patented as it covers a law of nature, a U.S. appeals court ruled Wednesday in a closely watched case that sought to clarify the patenting for medical...
Insurer Offers Employee Benefit Deal: Student Loan Relief for Unused Vacation Time
Feb 7 2019 // Starting next year, U.S. employees at insurance company Unum Group will have a choice: The company will put money toward their student loans, if the worker gives up five paid vacation days. The new perk is a creative twist...
1970s Musicians Sue for ‘Second Chance’ to Reclaim Their Songs
Feb 7 2019 // David Johansen, John Waite and other prominent 1970s musicians filed lawsuits on Tuesday accusing Sony Music Entertainment Inc. and UMG Recordings Inc. of improperly refusing to let them reclaim rights to songs they had...
The United States Saw 11 Natural Disaster Events That Exceeded $1 Billion in Damage During 2018
Feb 6 2019 // This post is part of a series sponsored by CoreLogic. When it comes to natural disasters, 2018 was an eventful year worldwide. Typhoons devastated the Philippines, Hong Kong, Japan and Oman. Earthquakes caused mass...
Florida Insurance Commissioner Altmaier Elected VP of the NAIC
Feb 6 2019 // Florida Insurance Commissioner David Altmaier has been elected by members of the National Association of Insurance Commissioners (NAIC) to serve as vice president of the organization, effective immediately. Altmaier joins...
Hub Acquires Assets of Texas Agency, US Insurance Source
Feb 4 2019 // Insurance broker Hub International Limited has acquired the assets of US Insurance Source LLC and certain of its affiliates (USIS). Terms of the transaction were not disclosed. Headquartered in Spring, Texas, USIS is an...
Planes, Trains, Autos, Trucks: ’10 Most Wanted’ Transportation Safety Improvements
Feb 4 2019 // Federal safety advocates are targeting three of the worst habits by drivers that kill more than 10,000 people a year: speeding, impaired driving and distractions from electronic gadgets. The U.S. National Transportation...
Ironshore Names Hartley U.S. Program Business Leader; Appoints Sharis Director
Feb 4 2019 // Ironshore Specialty Casualty has announced executive appointments to oversee the Programs business unit in the U.S. Casey Hartley has been named senior vice president, head of Programs. Hartley will oversee the...
What to Do If an Employee Displays Signs of Dementia
Feb 4 2019 // Faced with an aging American workforce, companies are increasingly navigating delicate conversations with employees grappling with cognitive declines, experts say. Workers experiencing early stages of dementia may struggle...
Cigna CEO Says Ending Benefits Manager Rebates Won’t Harm Commercial Market
Feb 4 2019 // The U.S. government’s proposal to eliminate rebates that pharmacy benefit managers receive from drugmakers will not have a meaningful impact on growth, and does not affect the commercial market, Cigna Corp. Chief...
Japan Insurers Eye China Acquisitions in Continuation of Overseas Deal Spree
Feb 4 2019 // Japanese insurance companies have spent more than $50 billion on acquisitions over the past five years to become the world’s second-largest buyer of insurance assets, and the deals spree won’t be slowing down...
CAUTION: Safety U-Turn for Truckers with Animals
Feb 4 2019 // Hours of Service, Other Safety Exemptions for Livestock Haulers Raise Concerns Midwest Center for Investigative Reporting It was sometime around 4 a.m. on a cool, spring morning when James McGilvray lost control of his...
Big 3 Drive Personal Auto Insurance Recovery;
Feb 4 2019 // Signs of Rate Hike Fatigue Ahead Steady improvement for U.S. personal auto insurance companies has culminated in the sector’s best underwriting performance in 10 years, according to Fitch Ratings in a report. The...
Big deals
Feb 4 2019 // Marsh/JLT, Brown & Brown/Hays Topped 2018 P/C Agency Mergers A handful of big deals dominated the very busy property/casualty insurance agency and broker merger news cycle for 2018. Based on Insurance Journal...
