Latest USA Headlines

All the headlines from our USA Topic Page, ordered by recency.

Report: Impact of BEC Attacks on US Companies Misunderstood

Jul 15 2024 // A new report asserts the impact of business email compromise incidents on U.S. companies is likely underestimated and misunderstood—and it shows that multifactor authentication and cybersecurity awareness programs may be...

US P/C Insurers Post Best Q1 Underwriting Result in 17 Years

Jul 15 2024 // Even though direct loss ratios for commercial auto and other liability lines rose in first-quarter 2024, across all lines U.S. property/casualty insurers posted a net combined ratio of 94 — the best since...

Damage From Hurricane Beryl May Cost Insurers $2.7B in US, $510M in Caribbean: KCC

Jul 11 2024 // Insurers in the United States may take a hit of about $2.7 billion from damage caused by Hurricane Beryl, catastrophe modeling company Karen Clark & Co (KCC) said on Thursday.About 1.5 million customers remained...

People Moves: Gallagher Hires Eaton From Howden for US Cargo Role; Hartford Names Fish Head of Group Benefits, Bassett Global CUO and Head of Reinsurance

Jul 10 2024 // Gallagher Names Eaton Exec Director to Support US CargoGallagher appointed of Jonathan Eaton to executive director, responsible for overseeing wholesale to other non-specialist brokers and working with Gallagher offices in...

ESG Investing Rule Presents Early Test on Limits of US Agency Powers

Jul 8 2024 // A challenge to a Biden administration rule allowing socially conscious investing by employee retirement plans will present an early test of how courts will scrutinize federal regulations after the U.S. Supreme Court said...

GM to Pay $145.8M Penalty After US Finds Excess Emissions

Jul 5 2024 // General Motors will pay a $145.8 million penalty and forfeit credits worth hundreds of millions of dollars after a U.S. government investigation found excess emissions from approximately 5.9 million GM vehicles, government...

Worsening Floods Pose Threat to US Dam Safety

Jul 5 2024 // ST. LOUIS (AP) — Early last week, floodwater in rural Minnesota pushed debris against a more than century-old dam and then carved a path around it, eroding so much of the riverbank that most of a house fell into the...

US P/C Underwriting Results: Two Years in a Row Over $20 Billion in the Red

Jul 3 2024 // For the second year in a row, the U.S. property/casualty industry booked an underwriting loss of more than $20 billion primarily due to the lackluster performance of personal auto and home insurance lines.The total U.S....

Coverys Launches London Market Insurer, Approved to Write US E&S Business

Jul 2 2024 // Coverys Ltd., a UK entity in the Coverys Group of Companies, has received regulatory authority to launch a London company market insurer, effective June 26.Coverys Ltd. is part of Coverys’ dedicated London platforms...

Delaware Law to Allow Big Investors Greater Sway Over US Corporate Boards

Jul 2 2024 // Delaware is poised to adopt changes to its widely used corporate law that critics argue could weaken U.S. boards of directors in favor of influential investors such as private-equity firms.State lawmakers last week...

US Home Insurance Still Priced Too Low for Climate Risk, Says Swiss Re Chair

Jul 1 2024 // This has been a year of insurance sticker shock in the US. But the man who provides insurance to insurers thinks maybe the shock still isn’t enough to steer people away from risk in a changing climate.“There is...

US Roof Maintenance Lags: Hanover

Jul 1 2024 // More than half of U.S. homeowners did not check their roofs for issues between February 2023 and 2024, according to a recent report by The Hanover Insurance Group.Only 38% of survey respondents reported checking for roof...

Cyber Extortion Reached Record High in US and Canada in 2023: Marsh

Jul 1 2024 // Multiple companies in the United States 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...

US Auto Insurance Market on the Mend; Homeowners Line Volatile: Fitch

Jul 1 2024 // The U.S. personal insurance sector is positioned for improving underwriting performance in 2024.According to Fitch’s latest U.S. Personal Lines Market Update, the change is predicted amid signs that the previous...

US P/C Insurers Post Best Q1 Underwriting Result In 17 Years

Jun 27 2024 // Even though direct loss ratios for commercial auto and other liability lines rose in first-quarter 2024, across all lines U.S. property/casualty insurers posted a net combined ratio of 94—the best since first-quarter...

Minnesota Dam Risks Failure During Wave of Intense US Weather

Jun 26 2024 // A dam holding back swollen flood waters in Minnesota was at risk of failure Monday as intense weather buffeted much of the US.The Blue Earth River has cut around the west side of the Rapidan Dam, local officials warned in...

Ozempic Maker Novo Plans Another $4.1 Billion US Factory

Jun 26 2024 // Novo Nordisk A/S plans to invest $4.1 billion in another US factory, plowing more money into its biggest market amid rising discontent over the cost of its obesity and diabetes drugs.The project in Clayton, North Carolina,...

US Judge Skeptical of Biden Overtime Pay Rule

Jun 25 2024 // A federal judge in Texas on Monday seemed likely to stop a Biden administration rule that would extend mandatory overtime pay to 4 million U.S. workers from taking effect, but was unsure whether he could block it...

Wildfire Threats Make Utilities Uninsurable in US West

Jun 25 2024 // Trinity Public Utilities District’s power lines snake through the lower reaches of the Cascade Range, a rugged, remote and densely forested terrain in Northern California that has some of the highest wildfire risk in...

Markets/Coverages: FloodFlash Offers Parametric Flood Product Across US

Jun 24 2024 // FloodFlash announced its expansion to cover all mainland US locations.The sensor-enabled parametric flood insurer provides flood coverage in excess of the National Flood Insurance Program (NFIP) where the private markets...