Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
‘Cyber Bullets’ Are Part of War on Hacks, Says U.S. Cyber Director
Sep 17 2021 // The U.S. government should be prepared to fire “cyber bullets” in response to significant hacking attacks as part of a comprehensive strategy to dissuade adversaries, National Cyber Director Chris Inglis...
RMS Estimates US$31– $44 Billion in Total U.S. Onshore and Offshore Insured Losses from Hurricane Ida
Sep 17 2021 // Estimates reflect insured wind, storm surge, and inland flooding impacts in the U.S., including losses to the National Flood Insurance Program and the private flood market. Newark, CA – September 17, 2021 – RMS®, the...
U.S. Surplus Lines Industry Grew Premium 17.5% in 2020
Sep 16 2021 // The U.S. surplus lines market experienced direct premium growth of 17.5% in 2020, the largest year-over-year premium increase since 2003, according to an AM Best report. The 2020 increase in direct premium written comes on...
People Moves: Lockton’s Reese Joins Cowbell Cyber; Optio Expands Political Violence Unit with Kirby; AXIS Names 3 to U.S. Renewables
Sep 14 2021 // Lockton’s Reese Joins Cowbell Cyber A former Lockton executive has joined Cowbell Cyber as its new head of Insurance. Chris Reese will focus on the company’s business . Reese brings more than 35 years of...
U.S. Hurricane Ida, Haiti Quake, Multiple Major Wildfires Among August’s Disasters: Aon
Sep 13 2021 // Hurricane Ida will likely become one of the costliest U.S. mainland hurricanes on record both on a nominal and inflation-adjusted basis, according to Aon’s monthly Global Catastrophe Recap report, which evaluated the...
Germany’s Allianz Facing U.S. Justice Probe of Fund Managers, Investors’ $6B Lawsuit
Sep 10 2021 // FRANKFURT/WASHINGTON — The U.S. Department of Justice (DOJ) investigation into German insurer Allianz is looking at possible misconduct by fund managers and misrepresentation of risk to investors, three people with...
Biden Calls for COVID Vaccine Mandate or Test for Two-Thirds of U.S. Workers
Sep 9 2021 // President Joe Biden on Thursday said he will require all federal employees to get vaccinated against COVID-19 and the U.S. Department of Labor will issue a rule requiring that businesses with more than 100 employees have...
Thanks to Oil Boom, N. Dakota County Sees Fastest Growth in US
Sep 8 2021 // First came the roughnecks and other oil field workers, almost all men. Lured by steady wages as the nation climbed out of the Great Recession, they filled McKenzie County’s few motel rooms, then began sleeping in...
U.S. Probing Nearly 350 Reports of Oil Spills in Hurricane Ida’s Wake
Sep 7 2021 // The U.S. Coast Guard said on Sept. 6 it was investigating nearly 350 reports of oil spills in and along the U.S. Gulf of Mexico in the wake of Hurricane Ida. Ida’s 150 mile-per-hour (240 kph) winds wreaked havoc on...
German Regulators Begin Investigation Into Allianz U.S. Investment Funds
Sep 7 2021 // German regulators have launched an investigation into the country’s biggest financial company, Allianz, after the demise of some of its U.S. investment funds last year, people with direct knowledge of the matter told...
Vantage Expands Into Healthcare, Excess Casualty in Bermuda, U.S.
Sep 6 2021 // Bermuda’s Vantage Group Holdings Ltd. is introducing new product offerings in healthcare and excess casualty. Vantage was established in late 2020 and began writing reinsurance risk on January 1, 2021, through its...
Analysts Foresee Modest Economic Damage in U.S. From Ida; Peg Insured Losses at $10B
Aug 31 2021 // With more than 1 million customers in Louisiana and Mississippi having lost power, Hurricane Ida is sure to take a toll on the energy, chemical and shipping industries that have major hubs along the Gulf Coast. But the...
Second Insurance Business Transfer in U.S. Approved in Oklahoma
Aug 31 2021 // An Oklahoma court has approved Sentry Insurance Co.’s (Sentry) Insurance Business Transfer (IBT) Plan, insurance regulators say. This is the second IBT completed in the United States, according to the Oklahoma...
U.S. Treasury Begins Inquiry Into Climate Risks in Insurance
Aug 31 2021 // The U.S. Department of the Treasury has announced that the Federal Insurance Office (FIO) is requesting information and soliciting public comment on the insurance sector and climate-related financial risks. FIO said the...
Report: More U.S. Residents Heading Toward Climate Change Dangers Than Away
Aug 26 2021 // It’s counterintuitive to run toward a fire, or any risk for that matter, but that mindest doesn’t seem to always hold. U.S. counties with the biggest proportions of homes facing high heat, drought, fire, flood...
US Golf Association Employee Charged in Embezzlement Scheme
Aug 26 2021 // A former United States Golf Association employee has been charged in a scheme to embezzle funds from the unauthorized sale of U.S. Open Championship tickets, Acting United States Attorney Jennifer Arbittier Williams...
People Moves: Insurtech Joyn Adds Schoberth; Chubb’s Lubin Joins Crum & Forster; TransRe Promotes O’Gwen; AXA XL’s Klimczak Moves to U.S.
Aug 25 2021 // Insurtech Joyn Adds Schoberth as Chief Distribution Officer Insurance technology company Joyn Insurance announced the addition of Uwe Schoberth as chief distribution officer. The role will focus on developing broker...
People Moves: Howden Names Willis’ Everling as CEO Netherlands, Corporate; Carpenter’s Christian to BMS Re; Aon Reins Hires TigerRisk’s Jackson in U.S.
Aug 25 2021 // This edition of International/Reinsurance People Moves details appointments at three brokers: Howden, BMS Re and Aon with roles in the Netherlands and the U.S. A summary of these new hires follows here. Howden Appoints...
Death Toll Soars from Haiti Earthquake; U.S. Deploys Search and Rescue Teams
Aug 16 2021 // The U.S. deployed search and rescue teams to help find survivors among the debris of collapsed buildings in Haiti as the death toll soars from Saturday’s massive earthquake. At least 1,297 people were killed after...
Global Insured Disaster Losses Reach US$42B in H1 as 2nd Highest on Record: Swiss Re
Aug 13 2021 // Estimated insured losses from natural catastrophes reached US$40 billion during the first half – driven by a deep winter freeze, hailstorms and wildfires, while man-made disasters triggered another estimated US$2 billion...
