Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Historic US Ship in Philadelphia in Search of New Home After Rent Dispute
Jun 19 2024 // The SS United States, a historic ship that still holds the transatlantic speed record it set more than 70 years ago, must leave its berth on the Delaware River in Philadelphia by Sept. 12, a federal judge says. The...
Markets/Coverages: ANV Expands Transactional Risk Offering to the US
Jun 18 2024 // Specialty risk insurance managing general agent ANV Global Services, Inc. said it has launched its transactional risk insurance (TRI) program in the United States. The new ANV unit will be led by Colin Addy and Greg...
US Lawmakers Grill Microsoft President Over China Ties, Hacks
Jun 17 2024 // Microsoft President Brad Smith fielded questions about the tech giant’s security practices and ties to China at a House homeland security panel on Thursday, a year after alleged China-linked hackers spied on federal...
US P/C Insurers Investment Income
Jun 17 2024 // The U.S. property/casualty insurance segment’s net investment income hit a record $73.9 billion in 2023, bolstered by the higher interest rate environment, according to a new AM Best report. The Best’s Special...
Insured Flood Losses in Germany Could Range From US$2.1B to US$3.2B: Moody’s RMS
Jun 14 2024 // Insured losses from floods that hit Central Europe between Thursday, May 30 and Monday, June 3 will likely fall within the range of €2 billion to €3 billion (US$2.1 billion to US$3.2 billion), according to...
Marsh: Cyber Extortion Reached Record High in US and Canada in 2023
Jun 14 2024 // Multiple companies in the U.S. and Canada experienced a record number of cyber extortion events in 2023 and unprecedented demands, a new report from Marsh shows. The report, Ransomware: A persistent challenge in cyber...
Analysis: Underwriting Loss Estimates Highlight Ongoing Challenges for US P/C Industry
Jun 14 2024 // The U.S. property/casualty market sustained an estimated $21.1 billion in underwriting losses in 2023, highlighting the challenges the industry faces as a result of natural catastrophes and inflation. According to joint...
Survey: US Business Owners Seek More Insurance Coverage as AI, Election Risks Loom
Jun 13 2024 // Artificial intelligence and U.S. election have emerged as significant risks to businesses this year with an overwhelming 80% of owners worried their insurance will not cover a specific loss, a survey by insurance brokerage...
Most US Drivers Support Anti-Speeding Technology in Vehicles: IIHS Survey
Jun 13 2024 // More than 60% of the drivers in the United States would find it acceptable if their vehicle provided an audible and visual warning when they exceeded the posted speed limit, a survey by Insurance Institute for Highway...
US E&S Growth Slower in 2023; Berkshire, AIG Top Premium Rankings
Jun 13 2024 // An analysis by S&P Global Market Intelligence reveals that the pace of growth in the U.S. excess and surplus lines market has slowed since a peak growth rate of 32.3% recorded in 2021. In 2023, growth remained...
US Inflation Report Offers a Break for Price-Weary Consumers
Jun 12 2024 // US consumers, unaccustomed to falling prices for the past several years, were able to breathe a little bit easier last month as many necessities — from groceries to gasoline to car insurance — became cheaper. Even many...
Hiscox Appoints Plymouth Rock’s Boyd to US CEO
Jun 12 2024 // Hiscox appointed Mary Boyd CEO of its U.S. business unit to replace Kevin Kerridge, who is stepping down after 30 years in the business. Mary Boyd Boyd, who will join specialist insurer Hiscox on June 24, was CEO of...
US House Committee Report Finds Wall Street ‘Colluded’ to Curb Emissions
Jun 11 2024 // A U.S. congressional committee will accuse the biggest Wall Street firms on Tuesday, in a report seen by Reuters ahead of its publication, of colluding with advocacy groups to force companies to shrink their greenhouse gas...
WTW: US Commercial Insurance Price Increases in Q1 ‘Steady’ at 6.3%
Jun 11 2024 // Broker WTW said commercial lines insurance increased overall by an average of 6.3% during the first quarter. Quarterly price increases have been about 6% since the global pandemic, WTW reported in its Commercial Lines...
Homeownership Costs in US Jumped 26% Since Pandemic Began
Jun 11 2024 // The cost of owning a home in the US has increased 26% since 2020, as expenses including taxes, insurance and utilities all soared during a period of high inflation across the economy. The average annual outlay for owning...
US Supreme Court to Hear Facebook Bid to Scuttle Shareholder Lawsuit
Jun 10 2024 // The U.S. Supreme Court agreed on Monday to hear a bid by Meta’s Facebook to scuttle a private securities fraud lawsuit accusing the social media platform of misleading investors in 2017 and 2018 about the misuse of...
US Chamber of Commerce: Nuclear Verdicts’ Amount, Frequency Continue to Increase
Jun 10 2024 // A recent report from The U.S. Chamber of Commerce Institute for Legal Reform (ILR) has found that nuclear verdicts of $10 million or more are on the rise. Looking at verdicts from 2013 to 2022, ILR said the median nuclear...
US Military Confirms Houthi Missile Strikes on Two Ships in Gulf of Aden
Jun 10 2024 // Yemen’s Houthi damaged two commercial vessels in missile attacks in the Gulf of Aden in the last 24 hours as part of the militia group’s ongoing campaign against international ocean shipping, U.S. Central...
Russian Oil Tanker Does Secret Cargo Switch Near Singapore to Dodge US Sanctions
Jun 10 2024 // The first Russian oil tanker attempting to deliver crude while under US sanctions made a secret cargo transfer onto another ship, a sign of the lengths to which Moscow is going to undermine the effectiveness of American...
Top Law Firms in US Opioid Lawsuits to Get Hundreds of Millions in Fees
Jun 10 2024 // A court-appointed panel on Friday recommended how to divvy up a pool of $2.13 billion in legal fees from nationwide drug industry settlements over the U.S. opioid crisis, with top firms set to receive hundreds of millions...
