Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Looming Florence Heaps Despair on Rural U.S. Towns Ravaged by Matthew
Sep 13 2018 // When Hurricane Matthew submerged the small town of Fair Bluff, North Carolina, two years ago, Eve Waddell thought she had witnessed a once-in-a-lifetime disaster. “You’ll never see that again,” she...
Safety Board Seeks to Mandate Anti-Lock Brakes, Stability Controls on U.S. Motorcycles
Sep 13 2018 // A federal safety agency is recommending that all new motorcycles built for road use in the U.S. have anti-lock brakes and electronic stability control as standard equipment. The National Transportation Safety Board voted...
FDA Targets E-Cigarette Makers in Push to Curb Epidemic of Youth Vaping
Sep 13 2018 // The U.S. government signaled that it is prepared to adopt a tougher stance on electronic cigarettes in order to stem an epidemic of use by teens and children, after taking a more cautious approach last year. The Food and...
Climate Forces Behind Florence Look Like Those of Harvey, Sandy
Sep 12 2018 // As Hurricane Florence barrels toward North Carolina, it’s being strengthened and guided by a one-two punch of climate factors scientists have been tracking for years. Florence, which threatens to be the most severe...
Federal Judge Rules Cryptocurrency Falls Under Securities Law
Sep 12 2018 // U.S. securities law can be used to prosecute fraud cases over cryptocurrency offerings, a New York federal judge ruled on Tuesday in what appeared to be the first court decision to address the issue. The ruling from U.S....
Duck Boat Operators Fight Back, Call Missouri AG’s Lawsuit ‘Irresponsible’
Sep 12 2018 // The operators of a Missouri duck boat that sank in July, killing 17 people, say in a court filing that a lawsuit from Missouri’s attorney general is “irresponsible” and “littered with factual...
German Consumer Agency to Seek Damages Against Volkswagen Over Diesel Tests
Sep 12 2018 // Volkswagen will face another class action lawsuit over its rigging of diesel emissions tests, this time at home when Germany introduces a new law in November. State-financed consumer protection organization vzbv said on...
Allianz Chief Economist El-Erian Q&A on Trump Trade Battles, Emerging Markets, Brexit
Sep 12 2018 // The trade battles being pursued by U.S. President Donald Trump’s administration are likely to lead to fairer but still free global trade, said Mohamed El-Erian, chief economic advisor at the Allianz Group,...
Insurers Forecasting Significant Claims from Businesses from Hurricane Florence
Sep 12 2018 // Days before Hurricane Florence is expected to slam into the U.S. East Coast, insurers are starting to see potential claims costs tick upward as people flee and companies halt operations. Evacuations, already affecting more...
Farmers in Hurricane Florence’s Path Race to Cushion the Blow
Sep 11 2018 // North Carolina corn farmer Darren Armstrong is racing to harvest as much as he can before potentially the worst storm in 64 years hits the state. It’s already one of the busiest times of the year for U.S. growers as...
Why Catastrophe Bonds Are Anything But a Disaster: Viewpoint
Sep 11 2018 // Leave it to catastrophe bonds to be among the most well-functioning debt markets out there. Issuance of “cat bonds” has climbed to more than $11 billion this year, about the same as this time in 2017, when...
CEO Duperreault Bets on Underwriting Culture, Greenberg Ways in Restoring AIG to Greatness
Sep 11 2018 // Brian Duperreault, who rejoined American International Group Inc. as chief executive officer last year to turn the company around, remembers another era when the insurer was trying to blaze a trail toward greatness. In...
Update: ‘Extremely Dangerous’ Hurricane Florence Prompts Evacuations in Carolinas
Sep 10 2018 // Tuesday, Sep 11, 2018, 5:47 am— Florence continued to roll toward the U.S. East Coast, poised to become the strongest hurricane in almost 30 years to hit the Carolinas as more than 1 million people began fleeing a...
Rhode Island’s ProTucket Launches First Cell with $35M Surplus Funding
Sep 10 2018 // Pro US Holdings, the sole shareholder and immediate parent of ProTucket Insurance Company – the insurance carrier established in Rhode Island to provide run-off transfer solutions in the U.S. – has contributed...
How U.S. P/C Commercial Insurers Will Fare Through 2019: Moody’s
Sep 10 2018 // The outlook for the U.S. property/casualty commercial insurance sector for the next 12 to 18 months remains stable given healthy core earnings and sound balance sheets in the view of analysts at Moody’s Investors...
Update: Hurricane Florence Poses Threat to Carolinas, Virginia Later This Week
Sep 9 2018 // Updated Monday, Sept 10, 8:17 am —Top winds for Hurricane Florence grew to 105 miles (169 kilometers) per hour as it pushed westward toward the U.S. East Coast, a major threat to homes, agriculture and the waning tourist...
The Lowdown: Top Private Flood Carriers, High Tides, Storm Surges & More
Sep 9 2018 // As I watch the daily tracking of Hurricane Florence and anticipate its potential destruction, I am compelled to revisit this June blog post and share it with you once again. In the words of Peter Criss, “I...
U.S. Charges North Korean Hacker for WannaCry and Sony Cyber Attacks
Sep 7 2018 // The U.S. government on Thursday charged and sanctioned a North Korean man in the 2017 global WannaCry ransomware cyberattack and the 2014 cyber assault on Sony Corp , U.S. officials said. The charges, part of a strategy by...
Bermuda Market to Stay Key Reinsurance Hub Despite U.S. Tax Reform: A.M. Best
Sep 7 2018 // Bermuda will continue to be a key international hub for reinsurance despite being challenged in recent years, most recently by tax reform in the United States, which fundamentally changed how multinational entities are...
Randall & Quilter Forms New Unit for U.S., European Program Management Business
Sep 7 2018 // Randall & Quilter Investment Holdings Ltd. (R&Q) announced a corporate restructuring to create a new division, Accredited, which comprises its U.S. and European program management businesses. Accompanying this...
