Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Texas Supreme Court Says Family Can Sue City for Man’s Wrongful Death
Oct 15 2018 // The family of a Fort Worth man who died after they say officers needlessly choked, kicked and shot him with a stun gun during a 2013 drug raid can proceed with a wrongful death lawsuit against two officers and the city,...
Cincinnati Financial to Acquire London Specialty Underwriter from Munich Re
Oct 12 2018 // In a bid to diversify its earnings and expand its markets beyond the U.S., Cincinnati Financial Corp. has agreed to acquire MSP Underwriting Limited, a London-based global specialty underwriter and subsidiary of Munich...
Berlin Insurtech Startup Simplesurance Sets Sights on U.S. for Future Expansion
Oct 12 2018 // Simplesurance founder and CEO Robin von Hein sat down last year with Insurance Journal’s sister publication, Carrier Management, to discuss the company’s strategy. Based on the edge of Berlin’s trendy...
Rescuers Search for Survivors as Death Toll from Hurricane Michael Rises
Oct 12 2018 // Using heavy equipment to push aside debris and with helicopters circling overhead, rescuers in the Florida Panhandle searched for trapped residents as officials warned on Friday the death toll from HurricaneMichael was...
Cat Facility CCRIF to Make 1st Payment of 2018/19 Policy Year to Barbados
Oct 12 2018 // CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) announced that Barbados will receive a payout of US$5,813,299 for excess rainfall that occurred during the passage of Tropical Storm Kirk. Barbados has...
Michael Leaves Path Of Destruction Through Florida Panhandle
Oct 11 2018 // Hurricane Michael’s assault on the Florida Panhandle left nothing more than empty foundations and heaps of rubble in some parts of the small towns it crashed into with near-record force. Communications outages and...
Run-Off Firm Catalina Raises $700M, Forms Shareholder Restructure with Apollo, RenRe
Oct 11 2018 // Catalina Holdings (Bermuda) Ltd., a legacy runoff property and casualty re/insurance specialist, announced it has completed a US$700 million equity capital raise and concluded its shareholder restructuring after receiving...
Woes of California Wildfire Victims Include Cleanup Crews, Fraud
Oct 11 2018 // One year after a devastating series of wildfires ripped through Northern California wine country, destroying thousands of homes, the U.S. Army Corps of Engineers’ first experience cleaning up after a wildfire has...
Natural Disasters in September Bring Costliest Damages to Date for 2018: Aon Report
Oct 11 2018 // Hurricane, flood, and earthquake damages made September the costliest month for natural catastrophes in 2018, according to a report from Aon’s Impact Forecasting team. September is typically the busiest month for...
U.S. Treasury Rules Strengthen Oversight of Foreign Investors
Oct 11 2018 // Foreigners seeking to invest in U.S aircraft and missile manufacturers, semiconductors or two dozen other industries would face heightened scrutiny by a government committee wielding stronger powers, under rules the Trump...
Reinsurers Including AIG’s Validus Await Hurricane Michael Claims
Oct 11 2018 // American International Group Inc.’s Brian Duperreault spent his first year as chief executive officer on a rebuilding effort, and his biggest acquisition is the one that can magnify the insurance giant’s...
After Battering Florida, Hurricane Michael Heads for Georgia, Carolinas
Oct 11 2018 // Hurricane Michael, the third most powerful storm ever to strike the U.S. mainland, headed northeast on Thursday, weakened but still set to soak Georgia and the Carolinas after devastating the Florida Panhandle. A man was...
U.S. Clears Way for CVS Acquisition of Aetna That Promises Consumer Cost Savings
Oct 11 2018 // Pharmacy chain CVS Health Corp. won U.S. antitrust approval for its $69 billion acquisition of health insurer Aetna Inc., the Justice Department said on Wednesday, paving the way for a combination with potential to cut...
Fast-Moving Hurricane Michael, Now Category 4, Threatens Florida Panhandle
Oct 10 2018 // Hurricane Michael, with winds strengthening to 145 miles an hour, is poised to be the strongest storm to hit the continental U.S. since 2004, with a life-threatening surge and the potential to cause $16 billion in...
Ascot Opens U.S. Unit, Names Wolyniec CEO, Completes Greyhawk Acquisition
Oct 10 2018 // Bermuda specialty insurer Ascot Group has launched Ascot Insurance U.S. and appointed Greg Wolyniec as its president and chief executive officer. Ascot also announced the completion of the acquisition of Greyhawk Insurance...
Autonomous Driving Hype Now at ‘Peak Absurdity,’ Claims Auto Dealer Group Leader
Oct 10 2018 // The auto industry is a long way from seeing autonomous vehicles and ride-hailing companies put an end to traffic deaths and personal car ownership, according to one of the top U.S. auto dealers. “We have reached peak...
Sompo International Taps Pillion to Lead New U.S. Environmental Insurance Unit
Oct 9 2018 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has established a new business unit to extend environmental liability insurance capabilities to a...
Update: Hurricane Michael Could Bring 12 Ft. Storm Surge to Panhandle Wednesday
Oct 9 2018 // Michael is forecast to become the second hurricane to make landfall in the U.S. in a month as it heads toward Florida with winds of 90 miles per hour. The fast-moving storm has already sent cotton prices to a one-week high...
U.S. Limo Regulations Probed After Deadly New York Crash, NTSB Says
Oct 9 2018 // The National Transportation Safety Board will examine federal oversight of the limousine industry as part of its investigation into a deadly New York state crash that killed 20 people in the worst U.S. transportation event...
Hurricane Michael Headed Towards Florida Panhandle, 13 Killed by Storm in Central America
Oct 9 2018 // Florida’s governor mobilized National Guard troops and ordered Gulf Coast residents to head inland or evacuate as Hurricane Michael churned toward shore on Monday, with the storm forecast to strengthen rapidly before...
